Housing Wire

AUGUST 1, 2024

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily. On Wednesday, Fed Chair Jerome Powell indicated that a rate cut is a possibility after the September meeting if economic data continues to trend in the right direction.

Mortgages 518

Mortgages Fixed-rate mortgage Banks As-is 518

Real Estate News

AUGUST 1, 2024

Many homebuyers are waiting to see who the next president will be before continuing their home search, but it’s really the Fed that they should be watching.

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Housing Wire

AUGUST 1, 2024

Homebuyers often adjust their plans for the uncertainty that an election year can bring. With less than 100 days until the 2024 election, a majority of buyers are taking note. That’s according to survey results released Thursday by Veterans United Home Loans, which show that 60% of prospective buyers are taking the election into account. Even more dramatic is that 38% of homebuyers are pausing their search until after Election Day.

VA loan 504

VA loan Loans Finance Mortgages 504

Real Estate News

AUGUST 1, 2024

The company said its contract — which will be available in 24 states — was designed to “help agents navigate new requirements” related to the NAR settlement.

Design 289

Design Agents 289

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

AUGUST 1, 2024

Rapidly rising home prices are bad news for prospective buyers, but they’re proving quite beneficial for homeowner equity. That’s according to a new report from ATTOM Data Solutions that found that in the second quarter of 2024, 49.2% of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes.

Equity 482

Equity Mortgages Loans Marketing 482

Real Estate News

AUGUST 1, 2024

eXp showed growth in revenue and transactions as execs pitched the company’s value prop ahead of August 17 rules changes mandated by the NAR settlement.

Industrial 243

Industrial 243

Real Estate News

AUGUST 1, 2024

More than 25,000 consumers paid Zurixx for coaching endorsed by TV real estate reality-show stars in a case officials hope “is a warning to others.

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Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. Employees of the Washington state-based Axia, a retail and wholesale lender , were informed of the transaction on Wednesday afternoon in a one-hour call with leadership. Executives at Planet Home Lending were also on the call.

Lending 467

Lending Loans Mortgages Finance 467

Real Estate News

AUGUST 1, 2024

A $20 million payment on its commissions litigation settlement takes a bite out of cash flow but cost-cutting efforts yield $30 million in savings.

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Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side. When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker.

Purchase and sale agreement 448

Purchase and sale agreement MLS Agents Brokerage 448

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Real Estate News

AUGUST 1, 2024

It’s early, the iBuyer’s CEO says, but Opendoor has seen “10-15 basis points of pressure” on commission rates. “Not a huge amount, but decidedly different.

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Housing Wire

AUGUST 1, 2024

It is fitting that the 2024 Summer Olympics in Paris are the backdrop for the final two weeks leading up to when the real estate industry will undergo its largest structural change in decades — a feat of near-Olympic proportions. Like the athletes in Paris, Realtors and brokers across the U.S. have been busy training and preparing to be ready for Aug. 17, the date on which the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement are set to go i

Agents 445

Agents Brokerage Principal Industrial 445

Inman

AUGUST 1, 2024

Inman honored 12 individuals and companies at its 26th annual Innovator Awards on Thursday, including awards for company, brokerage and innovator of the year. See the full list of winners.

Brokerage 190

Brokerage Technology 190

Housing Wire

AUGUST 1, 2024

The Community Home Lenders of America (CHLA) on Thursday issued a comment letter to the Consumer Financial Protection Bureau (CFPB), saying that a major reason for the increase in mortgage closing costs from third parties is due to a lack of competition among third-party providers. On top of “click fees” that CHLA said are charged by ICE Mortgage Technology to facilitate data access between lenders and vendors, “fees for necessary loan functions have grown exponentially in recent years, in areas

Closing costs 439

Closing costs Closing Title Mortgages 439

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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.

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Keeping Current Matters

AUGUST 1, 2024

Are you a part of the Sandwich Generation?

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Housing Wire

AUGUST 1, 2024

Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote. But a new report from John Burns Research and Consulting refutes that notion. The firm crunched 35 years of data and concluded that the typical seasonal decline in home sales activity in the fall is actually more severe in non-election years.

Sales 439

Sales Loans Industrial Marketing 439

Inman

AUGUST 1, 2024

The Kennedy family scion and presidential contender also argued Thursday at Inman Connect Las Vegas that democracy depends on people maintaining "a posture of fierce skepticism.

Industrial 188

Industrial 188

Housing Wire

AUGUST 1, 2024

The purchase of a home stands as a critical first step towards establishing true generational wealth for many Americans. Congress recognized this importance and ultimately created the GSEs to help expand U.S. homeownership. Despite this seminal understanding, the Federal Housing Finance Agency (FHFA) has proposed a significant change in the mortgage finance process that actually runs counter to the stated mission of the GSEs and potentially limits consumers’ access to affordable housing.

Finance 427

Finance Loans Investor Mortgages 427

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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.

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Inman

AUGUST 1, 2024

Four months after releasing a first-of-its-kind short-term touring agreement, Zillow has released 24 state-compliant versions of the agreement exclusively for Premier Agent partners.

Agents 179

Agents Technology Brokerage 179

Housing Wire

AUGUST 1, 2024

Despite some recent relief from mortgage rates , top executives at the parent of Rocket Mortgage continue to expect a challenging landscape for the industry in the coming months, mainly due to regulatory changes, low affordability levels and consolidation. What will be their playbook? Leaders at the Detroit-based Rocket Companies say they will continue to invest in artificial intelligence (AI) to gain operational efficiency and grow their servicing portfolio, creating opportunities for refinance

Marketing 420

Marketing Equity Loans Principal 420

Inman

AUGUST 1, 2024

Starting at Inman Connect Las Vegas with the Innovator Awards, join us in celebrating the brightest minds pushing the real estate industry forward all month long.

Technology 182

Technology Industrial Brokerage Agents 182

Housing Wire

AUGUST 1, 2024

On a recent episode of the Power House podcast, HousingWire CEO Clayton Collins sat down with Mickey Neuberger, chief marketing officer at Realtor.com and the former vice president of global marketing at eBay. In this tantalizing conversation, Collins and Neuberger survey the CMO’s path into marketing , his experience and approach to the field, brand presence, social media and Realtor.com’s recent buyer agency advocacy campaign.

Branding 419

Branding Agents Marketing Development 419

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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.

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Inman

AUGUST 1, 2024

HomeLight CEO Drew Uher says he's glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees value of being in lending "in a very selective way.

Mortgages 182

Mortgages Lending Brokerage 182

Housing Wire

AUGUST 1, 2024

Connecticut-based Ellington Financial , the parent company of top-10 reverse mortgage lender and servicer Longbridge Financial , announced this week that it has completed a securitization backed by a pool of proprietary reverse mortgages. The $232 million securitization closed on Thursday and was backed by a pool of proprietary reverse mortgages, all of which were originated by Longbridge, according to Ellington.

Mortgages 407

Mortgages Loans Closing As-is 407

Inman

AUGUST 1, 2024

At Inman Connect Las Vegas, brokerage leaders, technology executives and software builders offered wisdom and wit in a multitopic marathon on AI, the future consumer and how technology drives growth.

Technology 169

Technology Brokerage 169

Housing Wire

AUGUST 1, 2024

West Palm Beach, Florida-based Onity Group , the parent company of top-five reverse mortgage lender Liberty Reverse Mortgage , recorded a decline in income during the second quarter of 2024. Despite the financial result, Onity — formerly known as Ocwen Financial Corp. — is doubling down on the reverse mortgage space by entering into an agreement to acquire the reverse lending assets of Mortgage Assets Management (MAM) from Waterfall Asset Management.

Principal 395

Principal Mortgages Lending Closing 395

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Inman

AUGUST 1, 2024

The high-volume RE/MAX real estate agent and former "Survivor" contestant broke down how he manages his time to build a fast-growing real estate business at ICLV on Thursday.

Agents 166

Agents 166

Housing Wire

AUGUST 1, 2024

eXp Realty is expanding its footprint in Missouri. The company has added independent brokerage Delhougne Realty Group , a St. Louis-area team that tallied $353.3 million in sales volume on 1,160 transactions in 2023. The group is based in Chesterfield, Missouri, and is led by Matt Delhougne. According to his LinkedIn profile, Delhougne previously worked as a police officer in St.

Brokerage 377

Brokerage Agents Design Industrial 377

Inman

AUGUST 1, 2024

Compass' Gretchen Cooley and Reserve 76 Realty's Heather Shimala told the Inman Connect Las Vegas audience about how their team events bring in business and recruit agents.

Marketing 162

Marketing Agents 162

RIS Media

AUGUST 1, 2024

Selling a house during slow months can be challenging. However, with the right strategies, it’s entirely possible to close a deal quickly. I have put significant effort into providing the best advice to achieve home sale success at the least ideal time. You will find information in these crucial aspects: Practical tips and strategies for… The post Tips For Selling a House Quickly in Slow Months appeared first on RISMedia.

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Closing Sales Industrial Agents 140

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.

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