Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The first is the ongoing impact of artificial intelligence (AI) tools, which if deployed effectively provide an opportunity for property managers to increase operational efficiency and unlock business intelligence. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties.

Property Management 407

Property Management Marketing Technology Branding 407

Keeping Current Matters

JANUARY 30, 2024

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates.

Mortgages 334

Mortgages Closing 334

Housing Wire

JANUARY 30, 2024

The U.S. housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year. This brought the nationwide tally up to 2,294, according to Down Payment Resource’s fourth-quarter Homeownership Program Index (HPI) report.

Closing costs 506

Closing costs Mortgages Investor Loans 506

Real Estate News

JANUARY 30, 2024

Prices improved 5.1% annually, the latest Case-Shiller report indicates, but a small dip between October and November ended a streak of monthly gains.

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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

JANUARY 30, 2024

Nearly three in four baby boomers aren’t using resources that would help them achieve or maintain homeownership status, according to survey data released Tuesday by nonprofit group NeighborWorks America. About 10,000 Americans turn 65 each day and all boomers will reach that milestone by 2030, according to census data. But a significant portion of this generation remain renters and are utilizing homeownership tools less frequently than younger age groups.

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Development Loans Mortgages Closing 478

Real Estate News

JANUARY 30, 2024

Hale announces his retirement after more than 50 years with the organization. Plus, Corcoran hires Scott Mitchelson as global growth leader.

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Real Estate News

JANUARY 30, 2024

Allegations of sexual misconduct tied to eXp "raised a huge red flag" for the NY comptroller's office, which has a financial stake in the company.

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Housing Wire

JANUARY 30, 2024

Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Unlike traditional HELOCs that require a homeowner to have at least 20% equity in their home, Angel Oak’s HELOC qualifies borrowers based on trailing 12- or 24-month bank statements and provides a line of credit with no usage restrictions, the lender said.

Mortgages 464

Mortgages Equity Banks Loans 464

Inman

JANUARY 30, 2024

The $1 billion in career sales network, which Umphress first launched in 2012, operates in most major Colorado markets and Austin, but has goals of ultimately expanding nationwide. When Umphress first created the group, it was part of a Colorado Keller Williams franchise that he also owned.

Sales 167

Sales Marketing Brokerage Agents 167

Housing Wire

JANUARY 30, 2024

Home prices maintained considerable momentum in late 2023. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 5.1% annual gain in November, up from a 4.7% gain in October, according to the latest report. Meanwhile, the U.S. National Index and the 10-City Composite posted month-over-month increases of 0.2%, and the 20-City Composite posted a month-over-month increase of 0.1%, after seasonal adjustment.

Mortgages 452

Mortgages MLS Marketing Sales 452

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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

JANUARY 30, 2024

Senior clients are looking for the best service possible, writes Rachael Hite. The more personal and authentic you are, the more they will appreciate you.

Agents 182

Agents Marketing 182

Housing Wire

JANUARY 30, 2024

Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks. “A record number of cybersecurity incidents against Seller/Servicers occurred in 2023,” the letter said.

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Title Industrial As-is Finance 439

Inman

JANUARY 30, 2024

Millennials began reshaping multifamily housing in compelling ways, writes Michael Zaransky, and Gen Z promises to accelerate that change. Property managers must be ready.

Property Management 176

Property Management Investor Agents 176

Housing Wire

JANUARY 30, 2024

Attorneys for the U.S. Department of Justice (DOJ) have filed a motion in the U.S. District Court for the Northern District of Texas that aims to temporarily halt the evidence-gathering process in a lawsuit brought by Texas Capital Bank (TCB) against Ginnie Mae. This is according to court documents reviewed by RMD. The suit, filed in October over loans TCB made to now-bankrupt lender Reverse Mortgage Funding (RMF), recently saw the presiding magistrate judge impose deadlines on all pretrial proc

Banks 411

Banks Loans Equity Mortgages 411

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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

JANUARY 30, 2024

Volatile interest rates have trapped over 9 million homeowners from accessing their home equity, with limited refinancing or loan options. The white paper proposes sale-leaseback, highlighting EasyKnock's Sell & Stay program as a flexible solution, while fintech leaders explore broader alternatives for equitable housing finance.

Sales 171

Sales Equity Finance Loans 171

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast. But the MSR market also appears to be in the midst of a rebalancing act marked by the growth of third-party private capital and an overall consolidation of market players, according to so

Marketing 397

Marketing Principal Banks Loans 397

Inman

JANUARY 30, 2024

NAR was dismissed without paying any money or making any rule changes, but The PLS says it can re-open the case if they don't come to a deal.

MLS 181

MLS 181

Housing Wire

JANUARY 30, 2024

Cincinnati-based First Financial Bank has agreed to direct $2.4 billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. The initiative is part of a community benefits agreement with the National Community Reinvestment Coalition (NCRC) , the parties announced Tuesday.

Banks 389

Banks Mortgages Lending Loan Officer 389

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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

JANUARY 30, 2024

Moody's upgrades credit rating of "powerhouse in mortgage servicing" as it restructures the debt it uses to fund growth by issuing $1 billion in unsecured notes at 7.125 percent.

Mortgages 163

Mortgages Investor Industrial 163

Housing Wire

JANUARY 30, 2024

Two Harbors Investment Corp. , a New York-based real estate investment trust, announced Tuesday its plan to launch a mortgage origination unit in the second quarter of 2024, less than a year after the company debuted in the servicing business by acquiring RoundPoint Mortgage Servicing Corp. in October 2023. But don’t expect the firm to compete with big players or grow extensively in originations.

Loans 385

Loans Mortgages Equity Development 385

Inman

JANUARY 30, 2024

In his latest Snapshot profile, Brandon Doyle talks to Zvi Band about his startup journey and his latest CRM, Relatable.

Technology 192

Technology Agents 192

Housing Wire

JANUARY 30, 2024

Mr. Cooper Group announced Tuesday that its subsidiary, Nationstar Mortgage Holdings Inc. , is issuing $1 billion in senior notes. The resources are expected to repay a portion of the current balance of its mortgage servicing rights (MSR) facilities. Other mortgage companies have raised debt over the past six months, including Freedom Mortgage , PennyMac Mortgage Investment Trust and Pennymac Financial Services.

Mortgages 362

Mortgages Investor Closing Loans 362

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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

JANUARY 30, 2024

Every agent and brokerage nationwide needs to strengthen their defenses against fraudulent transactions, new Inman contributor Michelle Dubé writes. Enhance the scrutiny in your processes, familiarize yourself with potential warning signs, and tap into available support.

Agents 162

Agents Brokerage Land 162

Bigger Pockets

JANUARY 30, 2024

The affordable housing crisis is an ongoing challenge here in the United States, but this developer has cracked the code in her own backyard—providing more opportunities for low and median-income […]

Development 128

Development 128

Inman

JANUARY 30, 2024

In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish.

Banks 160

Banks Mortgages Lending Technology 160

Eye on Housing

JANUARY 30, 2024

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate declined to 65.7% in the last quarter of 2023, amid persistently tight housing supply and elevated mortgage interest rates. This is 0.3 percentage points lower from the third quarter reading (66%). Compared to the peak of 69.2% in 2004, the homeownership rate is 3.5 percentage points lower and.

Mortgages 126

Mortgages 126

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Brokerage

Inman

JANUARY 30, 2024

Home prices increased 5.1 percent between November 2022 and November 2023, despite falling 0.2 percent from October.

MLS 162

MLS Marketing 162

RIS Media

JANUARY 30, 2024

Above, Bob Hale, HAR president and CEO, co-moderates a panel with RISMedia Founder and CEO John Featherston at the 2023 CEO & Leadership Exchange Houston Association of REALTORS® (HAR) President and CEO Bob Hale, regarded as a titan in the U.S. residential real estate trade, has announced plans to retire in 2026, ending 52 years… The post Real Estate Icon Bob Hale Announces Retirement Plans; HAR Board Announces Successor appeared first on RISMedia.

Residential 126

Residential Industrial 126

Inman

JANUARY 30, 2024

CEO and new Inman Contributor Jillayne Schlicke explains how common phrases around financing and interest rates can land you and your business in hot water.

Land 136

Land Finance Banks Lending 136

Calculated Risk Real Estate

JANUARY 30, 2024

Single-family serious delinquencies increased slightly in December, and multi-family serious delinquencies were unchanged. Freddie Mac reported that the Single-Family serious delinquency rate in December was 0.55%, up from 0.54% November. Freddie's rate is down year-over-year from 0.66% in December 2022. This is below the pre-pandemic lows. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

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Staging Loans Principal Mortgages 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