Housing Wire

OCTOBER 15, 2024

About a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for almost three years has been that job market must weaken, unemployment must be rising. But for three years, unemployment has stayed low. Normally when unemployment is this low, people are confident that they’ll find a new job and they are much more likely to quit a current gig that isn’t right for them.

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Sales Mortgages Marketing As-is 501

Keeping Current Matters

OCTOBER 15, 2024

For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes.

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Agents 274

Housing Wire

OCTOBER 15, 2024

The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protection Act (TCPA) will go into effect in April 2025. The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts.

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Mortgages Design Industrial Development 474

Real Estate News

OCTOBER 15, 2024

“People are buying” — and living in — these futuristic homes, with dozens sold at a community in Texas, and more widespread adoption expected in five years

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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

OCTOBER 15, 2024

Confusion and chaos are still a reality for some real estate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. (Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement.

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Real Estate News

OCTOBER 15, 2024

Nearly a quarter of first-time buyers may wait even longer, to see if down payment help or other candidate promises materialize in 2025, a Redfin survey found.

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Real Estate News

OCTOBER 15, 2024

A new statement from the agency suggests that when information is shared only among competitors — like trade group members — it sets off antitrust alarm bells.

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Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. The agreement, which was submitted for court approval, requires the Madison, Wisconsin-based mortgage lender to pay a $1.9 million civil penalty.

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Lending Loan Officer Loans Mortgages 455

Inman

OCTOBER 15, 2024

The legal scrutiny over antitrust practices has heightened, with a particular focus on policies that may stifle competition and hinder consumer choice, coach Darryl Davis writes.

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MLS Agents 176

Housing Wire

OCTOBER 15, 2024

Fannie Mae on Tuesday announced enhancements to its Expanded Housing Choice (EHC) initiative, opening it up to all jurisdictions without source-of-income protections. The government-sponsored enterprise (GSE) said the Housing Choice Voucher program, which launched in 2022, assists very low-income families, seniors and people with disabilities in being able to afford stable and quality housing in the private market.

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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

OCTOBER 15, 2024

Former Benchmark Mortgage CEO Brian McKinney has been charged with driving company growth following the launch of a more inclusive mortgage underwriting process and home equity product.

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Equity Mortgages Banks Industrial 173

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence. “Interestingly, traditional forward mortgage lenders are beginning to take notice of the reverse mortgage opportunity, albeit cautiously,” the informational blog posted reads.

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Mortgages Lending Industrial Development 428

Inman

OCTOBER 15, 2024

In an analysis of more than 20 forms from various states, coach Darryl Davis identified a disturbing pattern: identical clauses between competing entities that suggest a dangerous level of collusion.

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MLS Brokerage Agents 166

Housing Wire

OCTOBER 15, 2024

In the third quarter of 2024, Bank of America (BofA) saw a decline in mortgage production, despite a drop in interest rates that benefited competitors like Wells Fargo , JPMorgan Chase and Citi. BofA announced on Tuesday that it posted $5.3 billion in first-lien mortgage volume from July to September, a 7% decline from the $5.7 billion recorded in the previous quarter and a 4% decrease compared to its $5.5 billion total in Q3 2023.

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Banks Mortgages Equity Loans 426

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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

OCTOBER 15, 2024

The typical Hispanic-owned home is now valued 11.9 percent below that of a non-Hispanic white-owned home, the smallest property value gap on record, according to a Zillow analysis released Monday.

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Equity Marketing 166

Housing Wire

OCTOBER 15, 2024

Brian McKinney, formerly the CEO of Benchmark Mortgage (a dba of Ark-La-Tex Financial Services ), has joined PrimeLending in a newly created executive position. McKinney, who’s been CEO of Benchmark since 2016, will serve as executive vice president for growth and strategic development at PrimeLending. He’s tasked with exploring new revenue opportunities and driving company growth.

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Loan Officer Banks Mortgages Industrial 431

Inman

OCTOBER 15, 2024

The honorees in five categories highlight groundbreaking AI-powered products, services, platforms and those who are maximizing their businesses with these solutions.

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Housing Wire

OCTOBER 15, 2024

Coldwell Banker Realty just made earnest money deposit payments much easier for real estate agents and homebuyers. Technology provider Payload is integrating with the brokerage firm, according to a recent announcement. With its new integration, Coldwell Banker Realty — a subsidiary of Anywhere Real Estate Inc. —can now process all earnest money deposit (EMD) payments through Payload’s Check21 feature.

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Earnest money deposit Purchase and sale agreement Technology Brokerage 423

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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

OCTOBER 15, 2024

Eric Zollinger has newly been named head of sales and Marcelo Lavanhini chief financial officer, RLTYco has informed Inman. The hires were made as RLTYco preps to expand its services into major luxury markets across the country.

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Sales Marketing Technology Industrial 155

Housing Wire

OCTOBER 15, 2024

West Palm Beach, Florida-based Onity Group has struck a deal to acquire all assets of Mortgage Asset Management (MAM), which are estimated at a net value of $55 million, the company announced on Friday. The parties entered into an agreement on Oct. 9. The deal includes Home Equity Conversion Mortgages (HECMs) and mortgage servicing rights (MSRs) with an estimated $3 billion in unpaid principal balance (UPB).

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Principal Equity Mortgages Investor 422

Inman

OCTOBER 15, 2024

In real estate, a little magic goes a long way. Bring fun to your October open houses with these holiday-themed ideas from coach Darryl Davis.

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Marketing Agents 171

Housing Wire

OCTOBER 15, 2024

The nation’s most expensive neighborhoods are once again in coastal states. A recent report from real estate data provider PropertyShark ranked California , New York and Florida as the states with the most expensive ZIP codes in 2024. The report listed the 100 most expensive ZIP codes between Jan. 1 and Sept 30 of this year based on prices for closed residential sales.

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Residential Sales Closing As-is 417

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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

OCTOBER 15, 2024

Daniel Blatman also previously worked at Douglas Elliman and Triplemint. He joins Compass during a period of intense competition for top-producing agents.

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Agents Brokerage Industrial 160

Housing Wire

OCTOBER 15, 2024

Title valuation , brokerage and consulting services firm Title Success, which is powered by Bowe Digital , announced Monday that it has launched a newly designed website. The new site offers a listing service for title companies looking to sell their operations. Title insurance agency owners interested in mergers and acquisitions can use the site to search for potential deals — filtering their searches based on location, asking price, gross revenue, company ID, number of employees, number of loc

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Title Due diligence Design Brokerage 391

Inman

OCTOBER 15, 2024

Mortgage tech provider Floify's partnership allows lenders to perform Freddie Mac- and Fannie Mae-compliant verifications without leaving the Floify platform, executives announced Thursday.

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Mortgages Technology 149

Housing Wire

OCTOBER 15, 2024

Homie Technologies’ bombshell antitrust lawsuit has one fewer defendant. On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. But the MLS defendant was dismissed without prejudice, which means Homie could refile its suit against UtahRealEstate.com.

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MLS Brokerage Technology Agents 387

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Brokerage

Inman

OCTOBER 15, 2024

After facing a series of lawsuits this summer from women alleging rape, the Alexander brothers are now contending with a new legal action against them from Side, which had backed their luxury firm.

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Brokerage Agents 147

Housing Wire

OCTOBER 15, 2024

Mortgage credit availability decreased in September, according to the latest Mortgage Bankers Association (MBA) analysis of ICE Mortgage Technology data. The MBA’s Mortgage Credit Availability Index (MCAI) fell by 0.5% to a reading of 98.5 in September. The MCAI for conventional loans fell by 1.7%, while the corresponding index for government loans increased by 0.8%.

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Mortgages Loans Marketing Technology 380

Inman

OCTOBER 15, 2024

The flat-fee brokerage dismissed its antitrust case against the MLS but kept as defendants Keller Williams, the National Association of Realtors, Anywhere, HomeServices of America and RE/MAX.

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MLS Brokerage Agents 144

Housing Wire

OCTOBER 15, 2024

Not only are Tal and Oren Alexander — the co-founders of Official Partners — under fire for an alleged string of sexual assaults , but the brothers are now facing a suit from Side , the white-label brokerage that powers their firm. In a suit filed Friday in U.S. District Court in San Francisco, Side alleges that Tal and Oren Alexander, as well as Official Partners, have breached contracts held with Side.

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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