Housing Wire

JULY 30, 2024

Mr. Cooper Group has priced the issuance of $750 million in debt to refinance outstanding mortgage servicing rights (MSR) facilities, an announcement that comes only four days after making public its billion-dollar acquisition of Flagstar Bank ‘s servicing assets. On Monday, the mortgage lender and servicer said that its debt offering to qualified investors through subsidiary Nationstar Mortgage Holdings will bear an annual interest rate of 6.5% that is payable semiannually.

Principal 481

Principal Investor Banks Mortgages 481

Real Estate News

JULY 30, 2024

The Houston Association of Realtors formed a data share partnership with the largest Latin American MLS, giving members access to listings across 22 countries.

MLS 260

MLS Marketing 260

Housing Wire

JULY 30, 2024

Rate has hired a new head coach. The Chicago -based mortgage lender announced Tuesday that it’s bringing on Daniel Manginelli to lead its sales coaching program, which is designed to help mortgage professionals implement best practices and improve performance. According to the company, the coaching program for salespeople makes Rate one of only 10 mortgage companies with in-house coaching. “We hold back nothing in providing our professionals with world-class training and ensuring that our

Sales 448

Sales Mortgages Loans Finance 448

Real Estate News

JULY 30, 2024

The organization added a concessions field in May that allowed listing agents to specify an amount or percentage — but opted to remove those options this week.

Agents 246

Agents 246

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 30, 2024

The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. Enter the commission sharing websites — websites specifically designed for agents and brokers to quickly and easily find out if the seller of a property is offering to cover the buyer’s broker fees.

MLS 459

MLS Technology Agents Design 459

Real Estate News

JULY 30, 2024

At a meeting Monday, association members approved a change in bylaws that will allow the sale of the nation’s 16th-largest MLS to move forward.

MLS 252

MLS Sales 252

Real Estate News

JULY 30, 2024

Watch the conversation with MoxiWorks’ new CEO, an industry outsider who believes companies — and agents — should approach the future with a fresh perspective.

Industrial 212

Industrial Agents 212

Housing Wire

JULY 30, 2024

As the mortgage and real estate markets continue to face challenges, nearly 800,000 low down payment home purchases in 2023 leveraged private mortgage insurance (PMI), with first-time homebuyers accounting for 64% of the total. This is according to a new report published by U.S. Mortgage Insurers (USMI). “Private mortgage insurance continues to help buyers qualify for financing and become homeowners with down payments as low as 3%, and remains one of the most important tools available to f

Mortgages 454

Mortgages Finance Loans Industrial 454

Keeping Current Matters

JULY 30, 2024

The housing market is going through a transition.

Marketing 329

Marketing 329

Housing Wire

JULY 30, 2024

California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. In late May, CRMLS added a seller concessions-in-price data field to its platform, allowing listing agents and brokers to list how much a seller was willing to contributes toward the buyer’s transaction costs, which could include their buyer representation fee.

Seller concession 453

Seller concession Purchase and sale agreement MLS Residential 453

Advertisement

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Inman

JULY 30, 2024

At the new Homes.com, we always present the listing agent and only the listing agent on any home for sale on our site. Our philosophy is that the leads on an agent’s listings are theirs alone and not anyone else’s to pilfer and sell.

Agents 185

Agents Sales 185

Housing Wire

JULY 30, 2024

Another month, another all-time high for home prices. The S&P CoreLogic Case-Shiller Home Price Index for May jumped by 5.9% year over year, the third month in a row that the index has posted a new record. While the pace of annualized growth dropped slightly compared to April, the year-to-date growth of the index sits at 4.1%, the fastest start in two years.

MLS 452

MLS Marketing As-is Finance 452

Inman

JULY 30, 2024

Marketing expert Marci James shares strategies designed to help you showcase your value, negotiate commissions with confidence and build a thriving buyer's agent business in 2024.

Design 181

Design Agents Marketing MLS 181

Housing Wire

JULY 30, 2024

As a majority of older adults continue to express an overwhelming preference for aging in place in their homes, any decision needs to be made with a full understanding of a particular senior’s needs, capabilities, and access to essential services and people. This was an idea shared by Wayne State University gerontology professor Amanda Leggett in a podcast produced for a Detroit NPR affiliate that discusses the risks and benefits of aging in place.

As-is 456

As-is 456

Advertisement

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 30, 2024

"I hope — at the end of the day, at the end of the two-year term — to be able to look back and say there was some stability and calm," Sears told hundreds of ICLV attendees, many of them NAR members.

Brokerage 180

Brokerage Agents 180

Housing Wire

JULY 30, 2024

Perchwell , a New York City -based real estate data firm that works with MLSs , brokers and agents, announced Tuesday that it has raised $25 million in a Series B financing round. The financing round was led by Lux Capital , which also participated in the company’s Series A round. The newest round also included participation from Starwood Capital Group , Flex Capital , Stellar MLS , REcolorado MLS and the California Regional MLS.

MLS 436

MLS Finance Brokerage Development 436

Inman

JULY 30, 2024

The S&P CoreLogic Case-Shiller Index and FHFA House Price Index showed "no relief" for homebuyers hoping for falling home prices as mortgage rates remain elevated.

Mortgages 181

Mortgages Marketing 181

Housing Wire

JULY 30, 2024

Mortgage-related consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) fell between the first and second quarters of this year, according to a review of the CFPB’s consumer complaint database conducted by HousingWire. A total of 5,652 mortgage-related complaints were submitted to the bureau between Jan. 1 and March 31, 2024.

Mortgages 439

Mortgages Bankruptcy Short sale Equity 439

Advertisement

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Inman

JULY 30, 2024

As agents face attacks on their value from all sides, the most important thing they can do today is to focus on boosting client relationships, the Glennda Baker & Associates leader said to Inman Connect Las Vegas attendees.

Agents 178

Agents As-is Closing 178

Housing Wire

JULY 30, 2024

Fannie Mae recorded $4.5 billion in net income in the second quarter, pushing its net worth to $86.5 billion as of June 30. Its net income was up only $164 million from the first quarter , despite a large uptick in purchases of single-family mortgages. Fannie Mae purchased $85.9 billion in single-family conventional loans in the second quarter of 2024, up from $62.3 billion in the first quarter, the company reported in its earnings presentation on Tuesday.

Loans 424

Loans Mortgages Sales Lending 424

Inman

JULY 30, 2024

Based on conversations with luxury agents across both coasts, there's still a lot of uncertainty about how far-reaching the changes that come with commissions decoupling may be.

Agents 172

Agents 172

Housing Wire

JULY 30, 2024

As Federal Reserve policymakers meet this week amid a high likelihood they’ll keep benchmark interest rates unchanged, the recent downward movement in mortgage rates leveled off. HousingWire ‘s Mortgage Rates Center showed that the average 30-year conforming loan rate was at 7.01% on Tuesday. That figure was unchanged from the same time last week.

Mortgages 423

Mortgages Sales Loans As-is 423

Advertisement

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 30, 2024

California District Judge George Wu granted CoStar's request for an expedited discovery in Move's theft of trade secrets lawsuit against the portal. Both parties have until Aug. 5 to agree on the terms of the discovery.

Technology 174

Technology 174

Housing Wire

JULY 30, 2024

At the new Homes.com , we always present the listing agent and only the listing agent on any home for sale on our site. Our philosophy is that the leads on an agent’s listings are theirs and clearly not anyone else’s to pilfer and sell. This is not a new principle for us. CoStar Group has operated dozens of industry leading real estate websites for decades and has always operated on the “ Your Listing, Your Lead ” philosophy, because it is the right thing to do.

Agents 414

Agents Branding Brokerage As-is 414

Inman

JULY 30, 2024

With the help of a firm employing more than 100 undercover researchers, the real estate tech strategist tested agents at roughly 30 brokerages. They found that more than 1 in 3 inquiries never received a response from the agent.

Agents 171

Agents Brokerage 171

Housing Wire

JULY 30, 2024

In response to a poaching lawsuit filed two months by Home Mortgage Alliance Corp. (HMAC), wholesale lender OCMBC Inc. has denied the allegations while countersuing HMAC and its co-founder, Alfred Hanna, on behalf of an employee, Michael Turturro, and his corporation, Jet Alliance. The OCMBC counterclaim brings eight counts, including defamation, breach of contract, fraud and unfair business practices.

Mortgages 404

Mortgages Loans Branding Finance 404

Advertisement

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.

Brokerage

Inman

JULY 30, 2024

Not every agent can or should communicate their value through "bold statements," agents said during a panel at Inman Connect Las Vegas. That's why remaining authentic to oneself is paramount.

Agents 172

Agents 172

Housing Wire

JULY 30, 2024

Mortgage technology solutions provider CoreLogic on Tuesday announced that its AutomatIQ Borrower tool is expanding to include asset and liabilities analysis capabilities. The company aims to make the product a “one-stop analysis solution for mortgage lending financial institutions,“ it said in its announcements. AutomatIQ Borrower is designed to provide greater integrity and reliability in the loan calculation process, which CoreLogic describes as a historically “labor-intensive and error-prone

MLS 391

MLS Lending Technology Loans 391

Inman

JULY 30, 2024

Communications expert Maha Abouelenein shared her seven principles of self-reliance at Inman Connect Las Vegas on Tuesday, encouraging them to believe in themselves and live without regret.

Agents 168

Agents 168

Housing Wire

JULY 30, 2024

Things are ramping up in the legal battle between Move Inc. (the parent company of Realtor.com ), CoStar Group (the parent of Realtor.com rival Homes.com ), and James Kaminsky, a former Realtor.com employee who now works for Homes.com. A U.S. district court in Los Angeles has granted CoStar’s ex parte motion for expedited discovery in regard to Move’s motion for a preliminary injunction.

Title 312

Title Branding As-is Technology 312

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