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 491

Banks Equity Commercial Mortgages 491

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 309

Mortgages Closing 309

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 470

Loans Principal Mortgages Equity 470

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 253

Mortgages As-is Marketing 253

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

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 466

Mortgages Equity Finance Loans 466

Real Estate News

JULY 25, 2024

Watch the conversation as Local Logic’s CEO shares how data on “everything that happens outside the four walls” of a home can turn agents into instant experts.

Agents 205

Agents 205

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 216

MLS Sales 216

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 414

Brokerage Technology Industrial Closing 414

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 179

MLS 179

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 413

Mortgages Banks As-is Loans 413

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Brokerage

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 185

Brokerage Agents Marketing 185

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 402

Mortgages Technology Residential Banks 402

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 172

Agents 172

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 400

Equity Mortgages Development Loans 400

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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.

Agents

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 171

Marketing Agents 171

Housing Wire

JULY 25, 2024

Real estate brokerage Radius Agent is launching its own Transaction Management Suite (TxM Suite), according to an announcement on Thursday. The TxM Suite is part of the existing Radius Office app and is integrated with the brokerage’s AI assistant, Mel. According to Radius Agent, the suite provides a single platform for agents, teams and broker-owners to run their business. “Real estate transactions can be time intensive,” Biju Ashokan, the CEO and founder of Radius Agent, said in a

Agents 375

Agents MLS Brokerage Investor 375

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 170

Agents Marketing Brokerage 170

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 373

MLS Brokerage Industrial Sales 373

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Agents

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 170

Brokerage Agents Marketing 170

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 370

Mortgages Principal Development Industrial 370

Inman

JULY 25, 2024

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

Development 164

Development Brokerage 164

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 144

Finance Sales Industrial Agents 144

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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

Sales

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.

167

167

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 124

As-is Residential 124

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 174

MLS Technology Agents 174

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 128

Agents Development Industrial 128

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Brokerage

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 134

Technology Brokerage 134

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 126

Sales MLS Technology Industrial 126

Inman

JULY 25, 2024

Konrad Bicher, 32, was sentenced to more than four years in prison after pleading guilty to a long-running short-term rental scam that earned him more than $1 million and his "Wolf of Airbnb" nickname.

Agents 129

Agents 129

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 119

Equity Sales As-is 119

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents