Housing Wire

JUNE 18, 2024

Mortgage rates continued to inch toward the 7% mark following last week’s meeting of Federal Reserve policymakers and new inflation data that showed further cooling of consumer prices. On Tuesday, HousingWire ‘s Mortgage Rates Center showed that the average 30-year rate for conforming loans was 7.08%. That was down 11 basis points from the same time last week and exactly 50 basis points below this year’s peak rate that was recorded in early May.

Mortgages 438

Mortgages Loans Sales Marketing 438

Real Estate News

JUNE 18, 2024

The company, which has been dubbed a “repeat offender” by regulators, faces another penalty for submitting inaccurate loan data.

Mortgages 274

Mortgages Loans 274

Housing Wire

JUNE 18, 2024

Redy , an online marketplace that rewards home sellers for selecting a real estate agent who best aligns with their sales goals, announced its launch in five markets on Tuesday. The Redy online platform is now available to home sellers in Atlanta , Dallas , Orlando , Phoenix and San Diego. Real estate agents Josh Altman and Matt Proman, who are also cast members of the Bravo TV show “Million Dollar Listing,” co-founded the firm.

Agents 426

Agents Residential Sales Industrial 426

Real Estate News

JUNE 18, 2024

Realtor.com is highlighting the 111 things independent buyer representation does for Black, Hispanic, Asian American, LGBTQ+, veteran and first-time buyers.

Agents 229

Agents 229

Advertisement

Now more than ever, agents need 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

Housing Wire

JUNE 18, 2024

Despite some initial confusion , RE/MAX came out as the No. 1 brand in the 2024 RealTrends Verified + Tom Ferry The Thousand. This marks the fifth year in a row — and the ninth time in 11 years — that RE/MAX has claimed the top spot. In late May, when RealTrends Verified released The Thousand rankings, it appeared that RE/MAX had lost its crown as the top brand to Keller Williams.

Branding 417

Branding Title Agents Sales 417

Housing Wire

JUNE 18, 2024

The Mortgage Bankers Association (MBA) on Tuesday announced its submission of a letter to the U.S. Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.

Inspection 368

Inspection FHA loan Loans Mortgages 368

Inman

JUNE 18, 2024

The U.S. Department of Justice on Monday argued NAR "does not identify any errors of law or fact meriting panel rehearing" over whether the antitrust enforcer can reopen its probe into NAR rules.

MLS 192

MLS 192

Housing Wire

JUNE 18, 2024

Freddie Mac ‘s chief financial officer, Christian Lown, will transition to the same position at CoStar Group on July 1, the company announced on Tuesday. Lown informed Freddie Mac of his resignation on June 5 after four years working for the enterprise. His exit will take effect on June 28. In the meantime, the enterprise has started the process to identify a successor.

Commercial 367

Commercial Branding Brokerage Investor 367

Keeping Current Matters

JUNE 18, 2024

Chances are you’re hearing a lot about mortgage rates right now.

Mortgages 262

Mortgages 262

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

Housing Wire

JUNE 18, 2024

U.S. home prices are growing at their slowest pace in nearly a year and a half, according to Redfin ‘s home price index that was published on Tuesday. Home prices rose 0.26% month over month in May, down from a monthly increase of 0.44% in April. Last month’s reading marked the smallest monthly increase on a seasonally adjusted basis since January 2023.

Mortgages 362

Mortgages As-is Sales Marketing 362

Inman

JUNE 18, 2024

CEO Dawar Alimi writes that choosing a modern and advanced pricing engine can unlock new opportunities for growth, profitability and success in an increasingly competitive landscape.

Banks 174

Banks Lending Finance Technology 174

Housing Wire

JUNE 18, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed that lender and servicer Freedom Mortgage Corp. pay $3.95 million for alleged violations of a 2019 consent order and the Home Mortgage Disclosure Act (HMDA) when it submitted incorrect mortgage data. The proposed order was filed on Tuesday in a U.S. district court in West Palm Beach, Florida, following setbacks in recent months for both parties in an ongoing lawsuit.

Mortgages 353

Mortgages Lending Loans Finance 353

Inman

JUNE 18, 2024

While negotiating skills are top of mind for agents as commission confusion sets in, consultant Rachael Hite offers a step-by-step strategy that should ensure optimal service all summer long.

Agents 173

Agents 173

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

Housing Wire

JUNE 18, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of enforcement actions against two companies for what the bureau called “illegal activities that harmed older homeowners and caused them to fear losing their homes.” The actions were taken against Pittsford, New York-based Sutherland Global and Landover, Maryland-based NOVAD Management Consulting , which together formed a Home Equity Conversion Mortgage (HECM) servicing operation on behalf of the U.S.

Loans 353

Loans Short sale Mortgages Equity 353

Inman

JUNE 18, 2024

At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Mark your calendars: The U.S. Department of Justice will be weighing in on three real estate industry-related lawsuits on June 20 and 21.

Industrial 169

Industrial MLS Brokerage Agents 169

Housing Wire

JUNE 18, 2024

U.S. single-family rental (SFR) homes posted rent price growth of 3% during the year ending in April 2024, according to CoreLogic data released Tuesday. That was down from an annualized gain of 3.4% in March. The California -based real estate analytics company reported that the annualized gain was in line with the pricing growth recorded by the SFR segment during much of the past year.

Principal 341

Principal Marketing As-is Mortgages 341

Inman

JUNE 18, 2024

Since 2017, WomanUP! has been helping women in real estate come together to learn, share expertise and lift each other up. This year was no exception. Here are attendees' top takeaways.

Agents 163

Agents 163

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

Housing Wire

JUNE 18, 2024

Members of Generation X are more concerned about their post-retirement ability to support the lifestyles they’ve grown accustomed to when compared with other generations — including baby boomers and millennials — according to the results of a recent survey conducted by Allianz Life. In the company’s 2024 Annual Retirement Study, respondents indicated that 62% of Gen Xers “feel confident about being able to financially support all the things they want to do in life,” compared with 82% of baby boo

Equity 320

Equity Banks Mortgages As-is 320

Inman

JUNE 18, 2024

CEO Dana Jones pushed back in a statement on Tuesday, saying RealPage isn't responsible for an undersupply of rentals, increased demand for homes or inflationary pressures shaping the market.

Marketing 161

Marketing Technology 161

Housing Wire

JUNE 18, 2024

Having built and led mortgage operations for nearly three decades, planning for the future stands out amongst the most challenging components a leader faces. Accurately predicting housing trends, mortgage rates , technology , elections, the impact of the broader economy , or how consumers will behave tests the best of us at some point in our career.

Mortgages 314

Mortgages Technology Investor Industrial 314

Inman

JUNE 18, 2024

Card issuer Wells Fargo is losing as much as $10 million a month as it eats interchange fees for users who are paying off balances after paying their rent, "The Wall Street Journal" reports.

As-is 161

As-is Technology Mortgages Industrial 161

Advertisement

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

Agents

Housing Wire

JUNE 18, 2024

Real estate investment trust Redwood Trust is expected to close on Monday on the offering of $85 million in debt, following on the heels of other companies in this space. Analysts say the resources could be used to buy back other outstanding notes or improve the company’s cash position in the near term. Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually.

Closing 303

Closing Principal Lending Equity 303

Inman

JUNE 18, 2024

Brokerages and MLSs have until 11:59 p.m. CST Tuesday to opt in to deals resolving antitrust claims brought by sellers targeting commissions. Inman contacted 79 brokerages for their updates.

Brokerage 161

Brokerage Agents 161

NAR: Economic Outlook

JUNE 18, 2024

Metro Areas Producing More Housing Than Their Average Increased construction activity can be attributed to various factors such as economic growth, population influx, and urban development initiatives.

Construction 119

Construction Development 119

Inman

JUNE 18, 2024

Two months after the successful launch of its buyers agency ad campaign, Realtor.com has unveiled the next chapter — this time focusing on how buyers' agents are key to bolstering homeownership rates in underrepresented communities.

Agents 156

Agents Technology 156

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

RIS Media

JUNE 18, 2024

The U.S. Department of Justice (DOJ) argued to an appeals court yesterday that last month’s petition by the National Association of REALTORS® (NAR) for a rehearing of the agency’s bid to reopen its investigation into the association is “not warranted.” Filed on May 20 in the D.C. Circuit Court of Appeals, NAR asked both for… The post DOJ: NAR Request for Rehearing ‘Falls Far Short’ appeared first on RISMedia.

Industrial 116

Industrial Agents 116

Inman

JUNE 18, 2024

The lawsuit filed in New York on Tuesday alleges that Tal and Alon Alexander sexually assaulted a victim in 2012, while Oren Alexander allegedly orchestrated the encounter and looked on.

Agents 154

Agents 154

Bigger Pockets

JUNE 18, 2024

Can a landlord break a lease? Learn the valid reasons, legal process, and proactive measures for landlords to legally break a lease while minimizing risks.

Property Management 115

Property Management 115