Housing Wire
SEPTEMBER 17, 2024
Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. The company explained that the product operates as a ”hybrid between debt and equity.
Keeping Current Matters
SEPTEMBER 17, 2024
Mortgage rates have hit their lowest point in over a year and a half.
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Housing Wire
SEPTEMBER 17, 2024
Homebuilder confidence has been declining for months, but positive developments with mortgage rates are giving them a rosier outlook. That’s according to the September Housing Market Index (HMI) from the National Association of Home Builders (NAHB) and Wells Fargo. The index rose to 41, growing by two points relative to August. A score above 50 means that a majority of builders are confident about market conditions.
Real Estate News
SEPTEMBER 17, 2024
While a rate cut — which could further drive down mortgage rates — would help homebuyers, there are other headwinds at play in the final months of 2024.
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Housing Wire
SEPTEMBER 17, 2024
Federal Reserve policymakers are expected to lower the benchmark interest rate on Wednesday for the first time in more than four years. But it appears to be anyone’s guess as to how large the cut will be. Interest rate traders were giving shorter odds on Tuesday afternoon to a cut of 50 basis points (bps), which would trim the Fed’s target range to 4.75% to 5%.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 17, 2024
The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans. The Department of U.S. Department of Housing and Urban Development (HUD) on Tuesday also will publish a new final rule in the Federal Register to expand accepted communication methods for counseling clients. Zillow advertising partnership Zillow is estimated to reach more than 200 million users per month, and the partnership includes advertising for HUD’s “Let’s Make Home the G
Inman
SEPTEMBER 17, 2024
Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday.
Housing Wire
SEPTEMBER 17, 2024
The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac. At policy panels held by the Community Home Lenders of America (CHLA) on Monday in Washington, D.C., former Federal Housing Financing Agency (FHFA) director Mark Calabria made the argument that a larger credit box has caused the government-sponsored enterprises (GSEs) to
Inman
SEPTEMBER 17, 2024
If you want to add to your safety and security toolbox, build value, protect your clients and stay safe in the field, check out these recommendations from Tracey “The Safety Lady” Hawkins.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Housing Wire
SEPTEMBER 17, 2024
Anthony Casa, President & CEO of UMortgage , isn’t mincing words when it comes to the lending practices that often victimize our veterans. “Our veterans deserve better. Unfortunately, it’s far too common for lenders to prioritize their own profits over the financial well-being of those who have served our country,” Casa shares. “These lenders take advantage of the profit margins on VA loans to charge veterans inflated fees and higher interest rates.
Inman
SEPTEMBER 17, 2024
Whether it’s buyers trying to nickel and dime your sellers or sellers asking for a piece of your commission, trainer Bernice Ross writes, the key is to put your foot down and say no.
Housing Wire
SEPTEMBER 17, 2024
The government of Canada is moving to federally fund research from Ontario-based Brock University, which will seek to better understand how smart-home technology impacts the prospects for older people wanting to age in place in their homes. Technology companies, entrepreneurs and governments alike have been showing additional signs of interest in smart-home technology and the potential relief it could provide for seniors looking to remain in their homes.
Inman
SEPTEMBER 17, 2024
A new solution to help brokers administer financial benefits to agents is now available from Tongo, a company that “builds financial products that cater to the needs of the commission economy.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
Housing Wire
SEPTEMBER 17, 2024
The role of the buyer’s agent has been turned on its head and Lone Wolf Technologies wants to help. The real estate software company is launching a “Buyer’s Agent Club” that is designed to assist agents in navigating an uncertain time in the industry through resources, tools and training. “For decades, Lone Wolf has been a pillar in real estate technology, and for good reason,” Lone Wolf CEO Jimmy Kelly said in a statement. “We’ve always made it a priority to innova
Inman
SEPTEMBER 17, 2024
After buying a Tribeca penthouse for $9 million cash in 1999, the pop star has borrowed millions in loans on the pad's equity in order to fund her lavish lifestyle.
Housing Wire
SEPTEMBER 17, 2024
Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. The current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest rate due in 2026 (with a company option to extend into 2027), or new bonds with a 10% interest
Inman
SEPTEMBER 17, 2024
The company denied wrongdoing and said it had agreed to settle with plaintiffs in an attempt to move on and continue growing the business.
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Housing Wire
SEPTEMBER 17, 2024
Higher mortgage rates and related affordability challenges are putting the squeeze on homeowners who have fallen behind on their mortgage payments, but foreclosure activity took a step back in August. According to the monthly foreclosure report from Attom , foreclosure filings fell 5.3% compared to July and completed foreclosures dropped by 12%. A total of 30,227 homes faced foreclosure filings, a far cry from the 300,000 per month seen during the 2008 financial crisis.
Inman
SEPTEMBER 17, 2024
Despite its problems, brokerage CEO Sean Frank writes, NAR membership is still the logical option for real estate professionals.
Housing Wire
SEPTEMBER 17, 2024
Curbio, a home renovation startup that specializes in pre-sale work, has agreed to settle fraud allegations made by the Office of the Attorney General for the District of Columbia. As part of the settlement, Curbio agreed to pay $7.5 million. The company denied wrongdoing and said in a statement that it agreed to the settlement because “the time and money we would spend over the next two years to clear our good name would be better spent doing what we do best.
Real Estate News
SEPTEMBER 17, 2024
Mauricio Umansky pledges a court fight against NAR, while Compass and Redfin CEOs take opposite sides on the policy.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
Housing Wire
SEPTEMBER 17, 2024
Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. Carlyle also made a strategic investment into the San Francisco-based Unison, enabling it to launch its Equity Sharing Home Loan product. “We are excited to partner with Unison to provide an attractive solution for homeowners to access their appreciating home equity,” Akhil Bansal, Carlyle’s head of credit strategic solutions, said in a st
Inman
SEPTEMBER 17, 2024
Law professor estimates the plaintiffs' law firms are asking for only 3 percent of the total value of the deals when 'historic' business practice changes are taken into account.
Housing Wire
SEPTEMBER 17, 2024
To get a sense for what the mood is among real estate agents right now, look no further than Portland , Oregon. Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. But now that the new rules related to the National Association of Realtors ‘ (NAR) settlement have taken effect, there’s added confusion, anxiety and uncertainty, leaving agents to wrestle with tensions at
Inman
SEPTEMBER 17, 2024
After 12 years on the market, Jordan’s Highland Park mansion is finally in contingency following price cuts totaling nearly $15 million. In the end, the final list price clocked in at $14.855 million.
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Housing Wire
SEPTEMBER 17, 2024
Global investment firm Atlas Merchant Capital and Florida-based lender A&D Mortgage have announced a joint venture (JV) to expand A&D’s $7 billion mortgage securitization platform. The JV, which will draw from a combination of internal and third-party capital sources, will purchase mortgages originated and serviced by A&D and other lenders.
RIS Media
SEPTEMBER 17, 2024
Home prices have continued to slow their annual appreciation, however their monthly appreciation appears to have come to a halt, according to the latest data from CoreLogic. CoreLogic’s latest Home Price Index found that July’s home price data was the 150th consecutive month of annual growth, however the rate continues to cool as it has… The post Home Price Growth Sees No Monthly Change for the First Time in a Decade appeared first on RISMedia.
Inman
SEPTEMBER 17, 2024
Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac's federal regulator.
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