Housing Wire

JUNE 20, 2024

The Community Home Lenders of America (CHLA) is calling on both houses of Congress to adopt a mortgage interest credit as the 2017 Tax Cuts and Jobs Act (TCJA) is currently set to expire in 2025. This is according to a letter the organization submitted to leaders in both the U.S. House of Representatives and the U.S. Senate. In the lead-up to its 2017 passage, CHLA representatives “aggressively advocated for a Mortgage Interest Credit (MIC) during debate on the 2017 tax bill, when it became clea

Mortgages 492

Mortgages Renovation Equity Loans 492

Real Estate News

JUNE 20, 2024

There could be a window of opportunity for would-be buyers as mortgage rates continue to ease and homes sit on the market longer, prompting price cuts.

Mortgages 296

Mortgages Marketing 296

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Saleh opened the Livonia, Michigan-based firm alongside Henri Houmani and Issa Al-Sheleh, who previously worked for Rocket and migrated to the wholesale channel two years ago.

Lending 459

Lending Brokerage Loan Officer Loans 459

Keeping Current Matters

JUNE 20, 2024

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season.

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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

JUNE 20, 2024

Real estate technology provider Inside Real Estate is rebranding its kvCORE platform to BoldTrail , according to an announcement on Thursday. Like kvCORE, BoldTrail is a branded portfolio that unites a collection of capabilities into one system, bringing Inside Real Estate products together in one place. But the company also said that this is about more than just a new name.

Technology 448

Technology Branding Industrial Development 448

Real Estate News

JUNE 20, 2024

The path is more clear for MLSs than brokerages, according to a top industry lawyer. The National Association of Realtors, meanwhile, had no comment.

Brokerage 244

Brokerage Industrial 244

Real Estate News

JUNE 20, 2024

Watch the conversation with CubiCasa leader Jeff Allen as he discusses the “magic” of capturing floor plans and how they can boost agents’ value proposition.

Agents 215

Agents 215

Housing Wire

JUNE 20, 2024

Interest rates are a major headache for real estate agents across Illinois. On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A lot of people pre-COVID or during COVID locked in a great rate,” said Ryan Smith , a Western Springs, Illinois-based RE/MAX Properties agent.

Agents 445

Agents Marketing VA loan FHA loan 445

Real Estate News

JUNE 20, 2024

A former project manager said she was subjected to sexual harassment and retaliation in a lawsuit filed June 18 in Illinois District Court.

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Housing Wire

JUNE 20, 2024

In 2021, HousingWire published an article spotlighting Austin as one of the hottest housing markets in the country. The Texas capital was a COVID-era darling, but the city had been attracting employers and homebuyers well before the pandemic. As noted in that article, Austin had ranked No. 1 in population growth for eight straight years and The Wall Street Journal named it the hottest job market in 2019 and 2020.

Days on market 457

Days on market Mortgages Land Marketing 457

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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

JUNE 20, 2024

Parent company Inside Real Estate will carry the BoldTrail name in a range of iterations as they roll out this summer. The new moniker is meant in impart that real estate isn't for the faint of heart.

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As-is Technology Brokerage Agents 182

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. This is according to a company filing with the Securities and Exchange Commission (SEC) reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Finance 447

Finance Investor Mortgages Equity 447

Inman

JUNE 20, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today.

Industrial 181

Industrial MLS Technology Brokerage 181

Housing Wire

JUNE 20, 2024

Oklahoma -based Adfitech , a mortgage industry partner for quality control and risk management services, has changed its name to Mortgage Connect Risk Solutions. The move reflects the company’s 2022 acquisition by Pennsylvania -headquartered Mortgage Connect LP. Mortgage Connect, a nationwide services provider for lenders, institutional investors and servicers , acquired Adfitech two years ago to expand its efforts in third-party due diligence and quality control (QC).

Due diligence 436

Due diligence Mortgages Pre-approval Lending 436

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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

JUNE 20, 2024

Purchase loan applications have surged for two weeks in a row, but rates for conforming mortgages are inching back up toward 7 percent this week as investors weigh the odds of Fed rate cuts.

Mortgages 180

Mortgages Investor Loans Marketing 180

Housing Wire

JUNE 20, 2024

On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers. AVMs, which value residential real estate used as collateral to secure mortgages, are under an interagency rulemaking process.

Residential 438

Residential Mortgages Banks Investor 438

Inman

JUNE 20, 2024

Schmidt and his wife, Wendy Schmidt, bought the home in 1990 for $2 million and gradually expanded the estate over about 20 years, adding neighboring parcels, a guest house and a green house.

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Housing Wire

JUNE 20, 2024

The U.S. Department of Veterans Affairs (VA) is seeking to provide more support to military veterans who want to age in place in their current homes. This includes exploration of the smart-home technology sector, according to reporting at the Federal News Network. Smart home tech, including wearable devices like smart watches, could help flag instances when an older veteran living independently is having some kind of medical emergency.

Technology 439

Technology Development As-is 439

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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

JUNE 20, 2024

A penthouse at Central Park Tower on Manhattan's Billionaires' Row has sold to an unidentified international buyer for $115 million, making it the first residential sale in New York City over $100 million since 2022.

Residential 166

Residential Sales Development Marketing 166

Housing Wire

JUNE 20, 2024

California-based loanDepot has concluded the transaction to extend $497.7 million in senior notes due in the fourth quarter of 2025, resulting in new debt with a higher interest rate and a shorter maturity period than usually seen in the market for similar companies. A loanDepot subsidiary, LD Holdings Group LLC, will exchange its outstanding senior notes due in 2025, paying 6.5%, for senior secured notes due in 2027, paying 8.75%, according to an 8-K filing sent Thursday to the Securities and E

Principal 432

Principal Lending Mortgages Investor 432

Inman

JUNE 20, 2024

The "River of Real Estate" continues to flow, even in a challenging market. Coach Verl Workman offers insights for growth and resilience under any circumstances.

Marketing 172

Marketing Agents 172

Housing Wire

JUNE 20, 2024

The plaintiffs in the Moratis commission lawsuit (formerly known as the Spring Way suit ) took issue with the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR). On Wednesday, West Penn MLS , a defendant in the Moratis suit, filed a motion to stay the case, noting that it has opted into the NAR settlement agreement.

MLS 427

MLS Equity As-is Brokerage 427

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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

JUNE 20, 2024

At Inman Connect Las Vegas in July, Windermere broker Cassie Walker Johnson will reveal her eight-step system for creating buyer agreements. She gave Inman a sneak peak ahead of the event.

Marketing 161

Marketing 161

Housing Wire

JUNE 20, 2024

Early this year I had the opportunity to sit down with HousingWire Editor-in-Chief Sarah Wheeler to discuss, among other things, our industry’s persistent profitability issue. A few weeks later the Mortgage Bankers Association released its Quarterly Mortgage Bankers Performance Report , underscoring my point with some truly grim figures. The fourth quarter of 2023 was the seventh straight quarter of net production loss for lenders , who hemorrhaged an average of $2,109 pre-tax dollars for each l

Loan Officer 425

Loan Officer Pre-approval Technology Lending 425

Inman

JUNE 20, 2024

Freddie Mac Executive Vice President and Chief Financial Officer Christian Lown will be taking his talents to CoStar Group in July, executives announced. Lown departs Freddie Mac on June 28.

Finance 154

Finance Technology 154

Housing Wire

JUNE 20, 2024

Editor in Chief Sarah Wheeler sat down with UWM CTO Jason Bressler on the HousingWire Daily podcast to talk about technology and how UWM is leveraging AI specifically. This interview has been edited for length and clarity, but you can listen to the entire episode here. Sarah Wheeler: How is UWM leveraging AI? Jason Bressler: Literally, in everything that we do right now.

Technology 427

Technology Mortgages As-is Industrial 427

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Brokerage

Inman

JUNE 20, 2024

According to eXp’s Troy Palmquist, these professional organizations have a greater role to play in providing services to support agents.

Agents 169

Agents MLS Brokerage 169

RIS Media

JUNE 20, 2024

Maintaining a condo involves regular care and timely repairs. This ensures a comfortable, safe living environment and preserves property value. I will provide the following guidance: Practical tips for regular condo maintenance Solutions for common condo maintenance issues A seasonal checklist to keep your condo in top shape From being a condo owner in multiple… The post Condo Maintenance and Upkeep: A Comprehensive Guide appeared first on RISMedia.

Industrial 138

Industrial 138

Inman

JUNE 20, 2024

Construction starts on new housing units dropped 5.5 percent to a seasonally adjusted annual rate of 1,277,000 — 19.3 percent lower than levels in May 2023, according to U.S. Census data released Thursday.

Construction 149

Construction Marketing 149

Eye on Housing

JUNE 20, 2024

Single-family and multifamily housing starts fell in May as high interest rates for construction and development loans and elevated mortgage rates held back both housing supply and demand. Overall housing starts fell 5.5% in May to a seasonally adjusted annual rate of 1.28 million units, according to a report from the U.S. Department of Housing.

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Construction Development Loans Mortgages 122

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