Housing Wire

MAY 29, 2024

Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. It also criticized NAR for pushing “consumers and brokers to make secret deals off MLS, inviting deceptive practices, discrimination and unfair housi

MLS 508

MLS Brokerage Agents As-is 508

Keeping Current Matters

MAY 29, 2024

You’re ready to sell your house. But what do you need most from your real estate agent?

Agents 332

Agents Marketing 332

Housing Wire

MAY 29, 2024

Earlier this year, New Jersey-based mortgage broker Joe Racamato, president of Silex Financial Group Inc., changed his firm’s preapproval process for home purchase applicants. Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis.

Debt-to-income ratio 453

Debt-to-income ratio Mortgages Loans Banks 453

Real Estate News

MAY 29, 2024

Financial services exec Jon Gwin named COO of Fathom Holdings; longtime EXIT Realty SVP Susan Harrison promoted to CIO role.

241

241

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

MAY 29, 2024

Calque , a company that partners with lenders to offer non-contingent mortgages to homebuyers, has announced new strategic partnerships with Fancher Mortgage Group and Jones Mortgage Group to extend its Trade-In Mortgage product. The collaborations aim to simplify the homebuying process by leveraging a homeowner’s existing equity to secure a new property before they sell their current home.

Mortgages 447

Mortgages Equity Agents Sales 447

Inman

MAY 29, 2024

The change allows listings in the California Regional Multiple Listing Service to display whether a homeseller is willing to offer concessions in price — including to cover broker fees.

Seller concession 183

Seller concession MLS Brokerage Agents 183

Inman

MAY 29, 2024

As rates on conventional mortgages head back above 7 percent, homebuyer demand for purchase loans is wilting, with applications dropping for a third week in a row last week, according to an MBA survey.

Mortgages 178

Mortgages Loans As-is Sales 178

Housing Wire

MAY 29, 2024

New housing grants totaling more than $233.7 million will be distributed to 20 tribal communities in Arizona , according to a joint announcement from the state’s U.S. Senate delegation of Mark Kelly (D) and Kyrsten Sinema (I). “Arizona is facing an affordable housing crisis, which has hit our state’s Tribal communities especially hard,” Kelly said in a statement.

Development 434

Development Construction Loans Marketing 434

Inman

MAY 29, 2024

A judge dismissed eXp Realty and founder Glenn Sanford from a sexual assault lawsuit that claimed both entities ignored the alleged actions of two star agents — David Golden and Michael Bjorkman — for financial gain.

Agents 165

Agents Brokerage 165

Housing Wire

MAY 29, 2024

Fannie Mae and Freddie Mac on Wednesday announced an update to one of their loss-mitigation solutions known as Flex Modification. The government-sponsored enterprises (GSEs) are now targeting a 20% reduction in principal and interest (P&I) payments to keep borrowers facing permanent financial stress in their homes. “The Enterprises have completed over half a million modifications through their Flex Modification offerings since they were implemented in 2017,” Federal Housing Finance Agency (

Principal 436

Principal Loans Mortgages Finance 436

Advertisement

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

MAY 29, 2024

Rocket Homes Chief Technology Officer John Fair told Inman the tool has already resulted in users spending nearly twice as long on the lender's website and returning six times more frequently.

Technology 164

Technology Brokerage Mortgages Agents 164

Housing Wire

MAY 29, 2024

Ninety-three percent of U.S. adults ages 55 and older view aging in place in their homes as an “important goal,” with 49% attributing aging as a reason they would choose to bring assistive technologies into their homes. This is according to surveys conducted in 2023 and 2024 by U.S. News & World Report. Results from the 2023 survey, which relied on responses from 2,000 people ages 55 and older, showed that support for aging in place has only grown over the past year.

Technology 436

Technology As-is Finance 436

Inman

MAY 29, 2024

Stop immersing yourself in the day-to-day of your business. CEO Sean Frank shows you how to take on a high-level perspective and run your business like an executive.

Finance 170

Finance Technology Brokerage Agents 170

Housing Wire

MAY 29, 2024

Mortgage applications slumped heading into Memorial Day weekend. Applications decreased by 5.7% on a seasonally adjusted basis during the week ending May 24, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The MBA said the 30-year fixed mortgage rate rose for the first time in four weeks, to 7.05% from 7.01%.

Mortgages 434

Mortgages Loans Sales Marketing 434

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

Inman

MAY 29, 2024

What do you have planned for the months ahead, and perhaps even more importantly, what do you see buyers and sellers planning for summer?

Brokerage 165

Brokerage Agents 165

Housing Wire

MAY 29, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed James F. Wood, the brokerage announced on Tuesday. Wood was previously affiliated with Keller Williams Prestige Properties in Stamford, Connecticut, where he worked for almost seven years. In 2023, Wood had more than $25 million in sales production and completed more than 35 transactions in Connecticut, New York and Massachusetts, according to a Coldwell Banker news release.

Agents 432

Agents Brokerage Residential Sales 432

Inman

MAY 29, 2024

Neumann told "The New York Times" DealBook that he will end his bid to reacquire the bankrupt coworking firm he founded.

Commercial 162

Commercial 162

Housing Wire

MAY 29, 2024

Multichannel lender New American Funding (NAF) is going big on reverse mortgages. As already evidenced by its ambitious new marketing campaign, “ Old Wives ,” the company is also aiming to streamline its existing presence in the reverse mortgage market. And it seeks to expand the number of available loan officers and strategic development tools to continue building on the momentum that company executive say they’re seeing in the space.

Loan Officer 424

Loan Officer Mortgages Due diligence Loans 424

Advertisement

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

MAY 29, 2024

Without revealing his identity, the "ring leader" of an identity fraud operation that recently tried to auction off Graceland presented himself in emails to The New York Times, saying his network preys on gullible Americans.

135

135

Housing Wire

MAY 29, 2024

Thuan Nguyen’s mortgage brokerage , Loan Factory , has rolled out an artificial intelligence (AI) tool for customers and loan originators. The AI application simplifies the loan process by automatically filling out forms with accurate information, saving time and limiting errors, and thereby making it faster and easier to get a mortgage, Loan Factory CEO Nguyen said.

Loans 406

Loans Loan Officer Brokerage Technology 406

Inman

MAY 29, 2024

Gwin, who previously held executive positions at Wachovia Bank and Wells Fargo, is credited with helping to develop some of the first compliance management systems in the mortgage industry.

Banks 134

Banks Development Industrial Mortgages 134

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of ex

Industrial 400

Industrial Agents Brokerage Sales 400

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

Inman

MAY 29, 2024

The time to celebrate your team's achievements is now. It's the last 48 hours to transform your career with Inman’s Innovator Awards.

Brokerage 141

Brokerage Agents 141

Housing Wire

MAY 29, 2024

In 2020, real estate industry veteran Rainy Hake Austin took her decades of experience to The Agency , where she currently serves as president of the Beverly Hills, California-based brokerage firm. Her four years at The Agency have been some of the most chaotic times in real estate industry history due to the COVID-19 pandemic, the interest rate roller coaster and the commission lawsuit saga.

Agents 397

Agents Industrial Brokerage As-is 397

RIS Media

MAY 29, 2024

California Regional MLS (CRMLS), the country’s largest MLS—home to over 110,000 members—is launching a new set of MLS system fields referring to Concessions in Price (CiP) today. The fields promise to enhance communication between listing and buyer agents, as well as homebuyers, by providing “up-front” information surrounding concessions, according to a release from CRMLS.

MLS 126

MLS Agents As-is Industrial 126

Housing Wire

MAY 29, 2024

Homebuyers in states with LGBTQ+ protections face significantly higher housing costs, according to a Redfin report released Wednesday. In regions with anti-discrimination laws tied to sexual orientation or gender identity, the income required to afford a median-priced home rises to $150,364 — nearly 47% more than the $102,435 needed in areas without such protections.

Sales 369

Sales Finance Marketing 369

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

Inman

MAY 29, 2024

Don’t miss your chance to showcase your professional achievements and elevate your legacy in luxury real estate.

153

153

Housing Wire

MAY 29, 2024

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Kind Lending, a California-based lender founded by industry veteran Glenn Stearns, is a client of LendArch , a mortgage consulting firm that Richards founded in 2021. LendArch COO Karthik Kumar told HousingWire that Richards’ role as the CEO of LendArch remains unchanged as the company expects to launch its digital fulfillme

Lending 357

Lending Banks Loan Officer Loans 357

RIS Media

MAY 29, 2024

It’s not a buyer’s market in residential real estate right now—and many buyers are dropping out in the face of unfavorable market conditions. Bright MLS (covering the mid-Atlantic) has published its latest member survey results for May 2024. The survey surmises consumer behavior from agent/broker responses, and the results are eye-catching. Of the buyer agents… The post Why Frustrated Buyers are Dropping Out of the Market appeared first on RISMedia.

Marketing 134

Marketing MLS Residential Agents 134

HomeLight

MAY 29, 2024

If you’re a homeowner in Reading facing the need for a fast home sale, you might be considering a house-buying company. We Buy Houses companies in Reading make all-cash offers for homes, even those needing repairs. This option can be a lifesaver if you lack the time, expertise, or money for repairs. This option is best suited for sellers who need to dispose of their homes quickly, usually due to a change in circumstances like the need to downsize or relocating for a new job.

Purchase and sale agreement 116

Purchase and sale agreement Inspection Sales Closing 116

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