Fri.Feb 14, 2025

article thumbnail

Fannie Mae’s mortgage acquisition volume rose in 2024, but profits shrank slightly

Housing Wire

On Friday, Fannie Mae reported $17 billion in net income in 2024, down slightly from its $17.4 billion profit in 2023. The government-sponsored enterprise (GSE) had net income of $4.1 billion in the fourth quarter of 2024, marking its 28th consecutive quarter of positive earnings. Fannie Mae president and CEO Priscilla Almodovar said during Friday’s earnings call that at the end of 2024, the GSE grew its net worth to nearly $95 billion.

Mortgages 344
article thumbnail

HUD faces massive staff cuts, while a lawsuit buys time for CFPB

Real Estate News

The D.C. shakeup continues as Elon Musks DOGE team takes on HUD, looks to cut staff by half; the CFPB awaits a new director and retains funding for now.

273
273
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Optionality of NAR’s no-commingling rule takes center stage at REX appeal hearing

Housing Wire

The appeal of REX Real Estate s antitrust suit against the National Association of Realtors (NAR) and Zillow began in earnest on Thursday when the three parties, along with the Department of Justice (DOJ), gathered at the Ninth District Court of Appeals in Honolulu for oral arguments before a three-judge panel. Originally filed by REX in March 2021 , the lawsuit alleges that changes made to Zillows website unfairly hides certain listings, shrinking their exposure and diminishing competition amon

Staging 274
article thumbnail

Why You’ll Love Owning a Home

Keeping Current Matters

Owning a home comes with many benefits, both non-financial and financial.

240
240
article thumbnail

The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

article thumbnail

MISMO announces 2025 board of directors

Housing Wire

MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO brings key problem solvers together to collaborate on critical issues in the mortgage industry, said Bob Broeksmit , president and CEO of the Mortgage Bankers Association (MBA), which oversees MISMO. I welcome this talented group of industry executives to MISMOs Board of Directors and am confident that they will provide valuable leadership to guide the organization into

Finance 300
article thumbnail

Real Brokerage aims to trade agents’ other debit cards for its own

Real Estate News

The company will roll out more features for its Real Wallet soon, including rewards that can offset brokerage fees, its CTO told Real Estate News.

Brokerage 230

More Trending

article thumbnail

DOJ debates ‘commingling’ with Zillow and NAR in REX case

Real Estate News

The Justice Department is concerned the case, which Zillow won in 2023, could set a bad precedent and allow other organizations to circumvent antitrust laws.

207
207
article thumbnail

M&A: Run your business like it’s for sale, so it never has to be 

Housing Wire

Managing M&A Integration for mortgage companies is like being a wedding planner for arranged marriages. Not everyone is happy to be at this party, but I’ll be damned if they aren’t 1. impressed with the aesthetic and 2. dancing and laughing by the end of the night. Mergers and acquisitions amongst non-bank lenders have been on the rise for several years, with about a 20% growth from 2018 (remember, rates spiked into the 5’s for the first time in years that year and margin c

Sales 259
article thumbnail

NAR spent more on lobbying than any other group in 2024

Real Estate News

The association shelled out $86.3 million to influence election-year campaigns and housing-related initiatives, according to a report on political spending.

202
202
article thumbnail

Average real estate brokerage gross margin continues to decline

Housing Wire

The dual shocks of the 20222024 housing market downturn and the outcomes of significant litigation are now in the rearview mirror. In response, many brokerage firms have adapted their business models to navigate these challenges. While these adjustments have allowed firms to achieve profitability at current sales levels and comply with the changes to MLS policies resulting from the settlement, it does not necessarily signal a return to the heights previously seen in the industry.

Brokerage 224
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

From tradition to trend: Lessons from the next generation of agents

Inman

Think you know it all? Jimmy Burgess shares the insights you can glean from working with younger Gen-Z and millennial real estate agents.

Agents 152
article thumbnail

Alabama Realtors back law to change timing of buyer agreements

Housing Wire

When the Department of Justice (DOJ) came out in opposition of buyer representation agreements as they are defined in the National Association of Realtors (NAR) commission lawsuit settlement agreement, Alabama Association of Realtors took notice. The state trade group is currently championing a bill that would change state law to prevent a consumer from being forced to sign a buyer representation agreement before they can tour a property with a Realtor.

Agents 204
article thumbnail

Doomscrolling detox: Stay informed without spinning out

Inman

Spiraling over the latest news reports? Check out Christy Murdock’s five tips for keeping up without freaking out.

Brokerage 142
article thumbnail

DOJ Lawyer Tells Appeals Court MLS Rules Can Be ‘Mandatory in Practice’

RIS Media

The Department of Justice (DOJ) took a hard stance against a previous court ruling in a case involving Real Estate Exchange (REX), Zillow and the National Association of REALTORS (NAR). In a hearing before the Ninth Circuit Court of Appeals on February 13, the DOJ argued that NARs no-comingling rule required Zillow to segregate non-MLS… The post DOJ Lawyer Tells Appeals Court MLS Rules Can Be Mandatory in Practice appeared first on RISMedia.

MLS 105
article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.

article thumbnail

Pasadena ADU program offers second shot at affordable housing

Inman

To qualify, applicants must have owned and occupied the main property for at least five years, maintain a credit score above 650 and have a debt-to-income ratio below 40 percent.

article thumbnail

The Co-Buying Dilemma: Togetherness Now Can Become a Major Headache Later

RIS Media

On Valentines Day, couples celebrate their closeness. Flowers, gifts, romantic dinners and more highlight the happy day, yet no one can know what the future may hold. For those committed to each other but not yet married, there should be a dose of reality considered if theyre thinking of co-buying a home, lest Cupids arrow… The post The Co-Buying Dilemma: Togetherness Now Can Become a Major Headache Later appeared first on RISMedia.

Closing 103
article thumbnail

Tool Kit: Upgrade your media literacy skills to know what’s real

Inman

It's hard to tell fact vs. fiction these days. Get the tools and tips for becoming a smart agent who can spot fake news, deepfakes and misinformation a mile away with trainer Rachael Hite.

Agents 143
article thumbnail

6 Simple Ways to Come Up With Content Ideas

BAM Media

Happy Valentines Day. Tonight Im going to spend $300 on a meal that normally costs $80 for no reason at all. But, before I doI wrote down a few easy ways to help you come up with content ideas ! 1. Recycle Your Old Content Its simple. Repost and reformat your old content. Go back through your Instagram, TikTok, YouTube, or Facebook, find your top-performing posts, and repurpose them.

article thumbnail

Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

article thumbnail

Onity restructures debt and has most profitable year since 2013

Inman

After posting $33 million in profit in 2024, PHH Mortgage's parent company said Thursday it will invest further in loan servicing and the originations technology that handles a majority of its customer inquires.

article thumbnail

33.2% of All Listed Homes Have Cut Prices, The Highest Mark in February For Over a Decade

Bigger Pockets

Remember the heady months after the pandemic, when interest rates and inventory were at rock bottom, and house prices and bidding wars for them were through the roof?

95
article thumbnail

DeepSeek AI: Game-changer or data privacy minefield?

Inman

Should real estate agents trust using the AI app DeepSeek? Trainer Bernice Ross examines the benefits and data privacy concerns.

Agents 149
article thumbnail

Residential Real Estate Council, Real Grader Extend Alliance Into Second Year

RIS Media

The Residential Real Estate Council and Real Grader have announced the renewal of their strategic alliance for 2025, reinforcing their commitment to member development through collaboration and innovation. The alliance, entering its second year, will continue Real Grader’s role as a Solutions Center provider, Sell-a-bration exhibitor, Virtual Summit sponsor and CRS Week sponsor, a press… The post Residential Real Estate Council, Real Grader Extend Alliance Into Second Year appeared f

article thumbnail

The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

article thumbnail

Now live: Inman On Tour Miami early bird tickets

Inman

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions on technology, branding and market strategies to propel your business into 2025. Discover how to leverage this premier event to enhance your professional growth and adapt to the ever-changing real estate landscape.

Branding 123
article thumbnail

Driving Innovation in a Competitive Market

RIS Media

Above: J. Lennox Scott A longtime industry advocate and thought leader, J. Lennox Scott constantly finds himself considering new ways to maintain the companys 90-year legacy while driving innovation in the real estate markets where his roughly 3,000 broker associates are locatedand where the competition to engage clients is fierce. By connecting agents and homeowners… The post Driving Innovation in a Competitive Market appeared first on RISMedia.

article thumbnail

5 bold ways to breathe new life into a luxury listing

Inman

Luxury listings need more than good photos and online listings to sell, Coldwell Banker Warburg's Kevelyn Guzman writes. They need an approach that combines strategy and creativity.

Staging 104
article thumbnail

Report Finds 21 Brooklyn Neighborhoods Among NYC’s Priciest

Brownstoner

By Lauren Rapp, Brooklyn Paper Brooklyn neighborhoods account for nearly half of the top 50 most expensive places to live in New York City, with one North Brooklyn nabe ranking in the top 10, according to PropertySharks 2024 report. Twenty-one Brooklyn neighborhoods landed among the citys priciest, with median sales prices of… Read More > The post Report Finds 21 Brooklyn Neighborhoods Among NYC’s Priciest appeared first on Brownstoner.

Land 88
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Higharc’s AI seeks to pick up the pace of home construction

Inman

Roughly a year after securing $53 million in a Series B round of funding, Higharc has delivered an AI upgrade to its homebuilding software.

article thumbnail

How to Find Cash Home Buyers in Vancouver for a Hassle-Free Home Sale

HomeLight

Skip the traditional listing process and sell your Vancouver home quickly and easily with a cash offer. Vancouvers combination of a high quality of life and a thriving job market makes it a desirable location for investors. With an active local real estate market , now could be an excellent time to explore cash sale options if speed and simplicity are your top priorities.

article thumbnail

Trending: Super Bowl ad wins, fails and media literacy lessons

Inman

From Nikes success to Poppis backlash, Jessi Healey unpacks the biggest Super Bowl ad takeaways and why understanding media literacy is more important than ever.

Equity 92
article thumbnail

Is Buying a Home Without an Agent Right for You? Take This Quiz to Find Out!

Lighter Side of Real Estate

Thinking about buying a home on your own? Skipping a real estate agent might seem like a great way to save money, but it also means handling the entire process yourselffrom negotiating and paperwork to inspections and potential pitfalls. Before you commit to going solo, take this quiz to see if youre ready for the challenge or if having an expert in your corner might be the better move.

Agents 78
article thumbnail

Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

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.