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 359

Agents Marketing 359

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 474

Technology As-is Finance 474

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.

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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 473

Mortgages Loans Sales Marketing 473

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 468

Debt-to-income ratio Mortgages Loans Banks 468

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 190

Finance Technology Brokerage Agents 190

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 467

Principal Loans Mortgages Finance 467

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 190

Technology Brokerage Mortgages Agents 190

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

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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 459

Mortgages Equity Agents Sales 459

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 187

Brokerage Agents 187

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 458

Agents Brokerage Residential Sales 458

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

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Brokerage

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 455

Loans Loan Officer Brokerage Technology 455

Inman

MAY 29, 2024

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Brokerage 180

Brokerage Agents 180

Housing Wire

MAY 29, 2024

The homeownership rate among Black Americans has risen at a faster-than-average rate since 2019, but it remains well below the high point reached in 2004, according to Home Mortgage Disclosure Act (HMDA) data compiled by Zillow. Among the key findings in the analysis of 2023 HMDA data, nearly one in four (24%) Black mortgage applicants were denied, compared to only one in 10 white applicants.

Finance 448

Finance Mortgages Industrial Marketing 448

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 179

Agents Brokerage 179

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Agents

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 448

Development Construction Loans Marketing 448

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 179

Commercial 179

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 448

Loan Officer Mortgages Due diligence Loans 448

Inman

MAY 29, 2024

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

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Agents

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 445

Industrial Agents Brokerage Sales 445

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.

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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 444

Agents Industrial Brokerage As-is 444

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 158

Banks Development Industrial Mortgages 158

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