Housing Wire

JULY 25, 2024

Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4 billion in cash, funded via available cash and drawdowns of existing MSR lines.

Banks 453

Banks Equity Commercial Mortgages 453

Keeping Current Matters

JULY 25, 2024

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.

Mortgages 249

Mortgages Closing 249

Housing Wire

JULY 25, 2024

If closed as expected, the acquisition of Flagstar Bank ‘s servicing businesses has the potential to make the mortgage servicing rights (MSR) portfolios of Mr. Cooper Group reach the $1.56 trillion mark in unpaid principal balance (UPB), consolidating the company into the top mortgage servicer in the country. Mr. Cooper executives are deploying the strategy of increasing their servicing book to take advantage of an extensive customer base that is likely to refinance their mortgages when i

Loans 413

Loans Principal Mortgages Equity 413

Real Estate News

JULY 25, 2024

Mortgage rates remained nearly flat as the market awaits the Fed’s next move. Meanwhile, inventory is still growing — but “sellers are pulling back.

Mortgages 256

Mortgages As-is Marketing 256

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Agents

Housing Wire

JULY 25, 2024

As the numbers of seniors carrying mortgage debt in retirement has increased, so too has the potential financial burden of a regular monthly mortgage payment. Increases in inflation and the cost of living can overwhelm those living on a fixed income, according to an article published this week in USA Today. “Retirement researchers warn that mortgage debt in retirement can be a trap,” the article explained.

Mortgages 401

Mortgages Equity Finance Loans 401

Housing Wire

JULY 25, 2024

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers. This is according to a new report published by Matic , which aims to assess the impacts of these realities on a highly volatile home insurance market. “The combination of climate c

Industrial 375

Industrial Mortgages Loans As-is 375

Real Estate News

JULY 25, 2024

MRI has offered to buy the nation’s 16th-largest MLS and wants association members to consider them at a July 29 meeting to discuss the sale.

MLS 219

MLS Sales 219

Housing Wire

JULY 25, 2024

The largest brokerage in the nation based on transaction sides has strengthened its presence in Philadelphia. On Thursday, eXp Realty announced that the top-producing Matt Fetick Team was making the move from Keller Williams to eXp. The team is led by Fetick and David Maio Williams, who bring more than 20 years of real estate industry experience to eXp.

Brokerage 336

Brokerage Technology Industrial Closing 336

Inman

JULY 25, 2024

CMLS CEO Denee Evans revealed why she believes NAR will choose not to create new MLS rules over the next six to 12 months ahead of her appearance next week at Inman Connect Las Vegas.

MLS 161

MLS 161

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Agents

Housing Wire

JULY 25, 2024

On a recent episode of the Power House podcast , HousingWire CEO Clayton Collins chatted with Craig Montgomery, chief strategy officer at Lower and former chief production officer at CrossCountry Mortgage. Collins and Montgomery discussed Lower’s plans for growth, its strategic partnerships and how it looks to adopt an originator-first mindset to push the company toward top-five lender status.

Mortgages 335

Mortgages Banks As-is Loans 335

Inman

JULY 25, 2024

The merger with the team managed by Esther Ozuna continues the growth of an Atlanta team that has ranked among the RealTrends 100 nationally in recent years.

Brokerage 168

Brokerage Agents Marketing 168

Housing Wire

JULY 25, 2024

Virginia -based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow ’s mortgage-oriented customer relationship management ( CRM ) product, Nextwave CRM , will be used by its loan originators across the 30 states it operates in. “Nextwave CRM was the clear choice to drive our customer-centric culture and CRM initiative,” Patrick Collins, chief strategy officer at Atlantic Coast Mortgage, said in a statement.

Mortgages 324

Mortgages Technology Residential Banks 324

Inman

JULY 25, 2024

New reports from "The New York Times" and "The Wall Street Journal" suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms.

Agents 155

Agents 155

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Brokerage

Housing Wire

JULY 25, 2024

The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15 , which extends a foreclosure moratorium on the Hawaiian island of Maui through Jan. 1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). The moratorium, initially scheduled to expire on May 6 after a previous extension, was pushed into August earlier this year.

Equity 322

Equity Mortgages Development Loans 322

Inman

JULY 25, 2024

Embracing data-driven strategies is no longer optional — it's essential, new Inman contributor Tara Meier writes. Make it your mission to understand how these insights can guide your decisions and ongoing processes.

Marketing 151

Marketing Agents 151

Housing Wire

JULY 25, 2024

It appears the sun may not have completely set on the proposed sale of the shares of REcolorado owned by the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) to MAZL LLC. On Wednesday, MRI Software — the parent company of CTM eContracts , which serves nearly 40,000 Colorado real estate professionals — sent a letter to subscribers informing them of the firm’s Indication of Interest (IOI) in the purchase of REcolorado, a multiple listing servi

MLS 304

MLS Brokerage Industrial Sales 304

Inman

JULY 25, 2024

Discover essential insights for aspiring luxury real estate agents with Chris Pollinger of RE Luxe Leaders. Master market knowledge, build strong networks, leverage sophisticated marketing and provide exceptional client service to thrive in the high-stakes world of luxury real estate.

Agents 151

Agents Marketing Brokerage 151

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Loans

Housing Wire

JULY 25, 2024

Jim Cullen spent nearly 20 years in the reverse mortgage profession and recently decided that it was time to retire. But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire ’s Reverse Mortgage Daily (RMD) that he made the transition from industry professional to customer.

Mortgages 299

Mortgages Principal Development Industrial 299

Inman

JULY 25, 2024

California is home to nearly half of all cities where it costs at least $1 million to buy a starter home. Nationwide, 237 cities are now "million-dollar" cities.

Brokerage 153

Brokerage Agents Marketing 153

RIS Media

JULY 25, 2024

Evaluating multiple offers on your house can be overwhelming. While the price is crucial, other factors significantly impact the final decision. I have put significant effort into providing the best guidance on how to evaluate an offer to purchase in real estate sales: Key considerations beyond the offer price How financing terms affect the sale… The post How to Evaluate Multiple Offers on a House: What to Look for Beyond the Price appeared first on RISMedia.

Finance 125

Finance Sales Industrial Agents 125

Inman

JULY 25, 2024

Learn how this South Florida luxury and pre-development specialist forges strong professional partnerships and creates a collaborative environment.

Development 147

Development Brokerage 147

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Agents

Eye on Housing

JULY 25, 2024

In the second quarter of 2024, the U.S. economy grew twice as fast as it did in the first quarter, supported by consumer spending and private inventory investment. Furthermore, the data from the GDP report suggests that inflation is cooling. The GDP price index rose 2.3% for the second quarter, down from a 3.1% increase.

As-is 122

As-is Residential 122

Inman

JULY 25, 2024

Find out how this farmer's son built a real estate business that's focused on giving back and leading with a servant's heart.

148

148

RIS Media

JULY 25, 2024

Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents with insights and information to ensure they not only survive, but thrive in these challenging times.… The post Buyer Agent Playbook: Compliance in Practice, and Addressing Compensation With Prospective Homebuyers appeare

Agents 117

Agents Development Industrial 117

Inman

JULY 25, 2024

Ohio-based software company MRI Software is making a bid for the MLS just days before it could be sold to another buyer.

MLS 155

MLS Technology Agents 155

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Sales

Calculated Risk Real Estate

JULY 25, 2024

Both inventory and sales are well below normal levels, and I think we need to keep an eye on months-of-supply to forecast price changes. Historically nominal prices declined when months-of-supply approached 6 months - and that is unlikely this year - but we could see months-of-supply back to 2019 levels in the next month or two. As I mentioned in a recent interview with Lance Lambert at ResiClub : "I expect this measure to continue to increase, and be over 4 months soon – and to be above 2

Equity 116

Equity Sales As-is 116

Inman

JULY 25, 2024

Delta Media Group published a white paper on Monday detailing the benefits of brokers adopting all-in-one tech solutions in the face of decreasing transaction volume.

Technology 120

Technology Brokerage 120

RIS Media

JULY 25, 2024

Uncertainty continues to plague the sale of REcolorado, one of the largest MLSs in the country, with a second prospective buyer petitioning for a chance to acquire the MLS as the two REALTOR® associations behind the sale push forward, despite significant misgivings and continued questions about the people behind the unprecedented sale. A letter obtained… The post New Buyer Bids for REcolorado With Sale Vote Looming appeared first on RISMedia.

Sales 114

Sales MLS Technology Industrial 114