Housing Wire

MAY 17, 2024

Financial planners are an important referral source for reverse mortgage professionals, and Finance of America (FOA) vice president of retirement strategies Steve Resch has been at the head of the company’s conversations with planners to help them understand how much utility a reverse mortgage could have for improving a client’s retirement. In this second part of a recent discussion , Resch explains how financial planner conversations about reverse mortgages have evolved in recent years, a

Mortgages 424

Mortgages Industrial Equity Principal 424

Real Estate News

MAY 17, 2024

President and CEO Mark Willis called the move “unprecedented," and said the vote by the company’s agent-led IALC passed by an “overwhelming majority.

Agents 294

Agents 294

Housing Wire

MAY 17, 2024

The East Coast and Midwest stand out as prime locations for veterans and current military service members, according to the 2024 Best Cities for Veterans to Live list compiled by Veterans United Home Loans. Tampa emerged as the top metro area for veterans. It was followed by Rochester, Minnesota; Wichita Falls, Texas; Fargo, North Dakota; Virginia Beach, Virginia; Watertown, New York; Charleston, South Carolina; Medford, Oregon; Altoona, Pennsylvania; and Sioux Falls, South Dakota.

VA loan 426

VA loan Loans Mortgages Closing 426

Real Estate News

MAY 17, 2024

Company leaders hosted a livestream to discuss NAR settlement outcomes, including buyer agreements and how to talk to sellers about buy-side compensation.

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Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday. The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. This grant can be used to discount underwriting fees paid at closing, or to reduce the interest rate and down payment.

Lending 420

Lending Closing Banks Closing costs 420

Real Estate News

MAY 17, 2024

An NAR/Realtor.com study on the effects of rate reductions and price cuts found that a 1% mortgage rate decline could put a noticeable dent in monthly payments.

Mortgages 237

Mortgages 237

Real Estate News

MAY 17, 2024

Zillow launches BuyAbility tool; Bright MLS teaming up with TrustFunds; Planitar adds interactive Lead Magnet to 3D tours; Revive shows value of renovation.

MLS 232

MLS Renovation 232

Housing Wire

MAY 17, 2024

Keller Williams ’ International Association Leadership Council (IALC) has rescinded the recent changes to its profit-sharing program, according to an announcement on Friday. The changes were first announced in August 2023 during KW’s Mega Agent Camp event. Under the changes, the company cut profit-share distribution for vested “former” KW agents — those who joined the company before April 1, 2020, and left for another brokerage — from 100% to 5%.

Brokerage 410

Brokerage Agents Closing As-is 410

Inman

MAY 17, 2024

Now is the time to expand your skill set, broaden your knowledge and provide value at a higher level than you’ve ever provided, Jimmy Burgess writes, so that you won't just survive, you'll thrive.

Agents 195

Agents Marketing 195

Housing Wire

MAY 17, 2024

About two months after resigning as the 18th secretary of the U.S. Department of Housing and Urban Development (HUD), Marcia Fudge has joined law firm Taft as a partner and chair of public policy, the company announced this week. Fudge will “dedicate a portion of her time to the firm’s ongoing efforts to combat the harmful effects of forever chemicals” and bolster the firm’s relationships with “governmental and corporate leaders both in her home state of Ohio and across the United States,” the l

Land 403

Land Development As-is Marketing 403

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Agents

Inman

MAY 17, 2024

Now is the time to expand your skill set, broaden your knowledge and provide value at a higher level than you’ve ever provided, Jimmy Burgess writes, so that you won't just survive, you'll thrive.

Agents 167

Agents Marketing 167

Housing Wire

MAY 17, 2024

As a real estate agent , you’re in the business of helping people plan for their future — whether it’s helping prospective buyers find their forever home, starter house , or next investment property. But when it comes to planning for your future, it’s important to start early. Saving for retirement is crucial so you can lead the life you envision after you’ve sold your last home.

Agents 404

Agents As-is Brokerage Loans 404

Inman

MAY 17, 2024

The cuts, initially approved last summer, were set to go into effect this July. But as of this spring, Keller Williams was facing multiple class action lawsuits over the changes.

Agents 167

Agents Brokerage 167

Housing Wire

MAY 17, 2024

Mortgage advisory firm Stratmor Group has merged with Teraverde , a mortgage advisory firm and technology solutions provider, in a deal that the companies say will allow them to expand the markets they serve and the depth of services provided. The terms of the deal were not disclosed. Both firms will operate under the Stratmor brand , the companies said in a statement on Friday.

Mortgages 399

Mortgages Technology Branding Industrial 399

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Agents

Inman

MAY 17, 2024

With the expansion, Redfin Next is now available to agents in 36 markets nationwide, according to an announcement Friday. Redfin execs said the plan has "proven to be even better" than expected.

Agents 161

Agents Marketing Brokerage 161

Housing Wire

MAY 17, 2024

Redfin is expanding its Redfin Next agent payment plan into 25 new markets starting in August 2024. In an announcement on Friday, Redfin said that the payment plan would be rolling out Aug. 11 in the following markets: Austin; Boise, Idaho; coastal North Carolina; Columbus, Ohio; Denver; Fort Myers, Florida; Grand Rapids, Michigan; Indianapolis; Inland Empire, California; Kansas City, Missouri; Memphis; Minneapolis; Nashville; New Mexico; Palm Springs, California; Portland, Oregon; Raleigh; Sacr

Agents 397

Agents Marketing Brokerage Technology 397

Inman

MAY 17, 2024

Nation's largest mortgage lender says brokers "will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication.

Title 172

Title Mortgages Closing Agents 172

Housing Wire

MAY 17, 2024

The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone seeking to do business with FHA, to obtain a Unique Entity Identifier (UEI) in order to be eligible for such business. In ML 2024-09, the agency’s UEI policy for FHA-approved lenders has been updated to streamline reporting requirements from a policy established in the summer of 2022 and implemented by the end of that year.

Mortgages 396

Mortgages Design As-is Lending 396

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Loans

Inman

MAY 17, 2024

Era Ventures, led by Clelia Peters, was the lead investor in the round, its second since October, according to an announcement Thursday. Khosla Ventures and Pear VC also contributed to the round.

Investor 155

Investor Finance Technology Marketing 155

Housing Wire

MAY 17, 2024

The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America (FOA), has joined its board of directors for the remainder of the 2024 term. Scarpati is a 20-year reverse mortgage industry veteran, having joined Senior Lending Network in 2003 as vice president of sales for the company’s wholesale and lead distribution divisions.

Finance 385

Finance Equity Lending Industrial 385

Inman

MAY 17, 2024

In the face of so much rapid change and an often-frustrating lack of clarity from The Powers That Be, what the heck are you supposed to tell your buyers and sellers now?

MLS 167

MLS Brokerage Agents Marketing 167

Eye on Housing

MAY 17, 2024

Nonfarm payroll employment increased in 38 states and the District of Columbia in April compared to the previous month, while 11 states saw a decrease. Alaska reported no change during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 175,000 in April, following a gain of 315,000 jobs.

Marketing 125

Marketing 125

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Brokerage

Inman

MAY 17, 2024

Based on estimates of Homes.com’s traffic increase, it's additive to the market and not affecting other portals’ traffic, Mike DelPrete writes. However, that’s not to say it won’t affect their businesses.

Marketing 167

Marketing 167

RIS Media

MAY 17, 2024

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. The Consumer Price Index (CPI) released by the U.S. Bureau of Labor Statistics showed an increase of 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March. Bright MLS Chief Economist Dr.… The post Mortgage Mix: Rates Finally Come Down, but in Baby Steps appeared first on RISMedia.

Mortgages 123

Mortgages MLS Industrial 123

Inman

MAY 17, 2024

CheckMy Resident by Modives is software that makes it easy for landlords and property managers to verify renters' insurance, Inman tech reviewer Craig Rowe writes.

Property Management 161

Property Management Technology 161

RIS Media

MAY 17, 2024

Above, Morgan Carey Celebrating 20 years of excellence, Real Estate Webmasters has spent the past two decades serving the real estate industry, adapting to changes and staying true to their commitment to delivering exceptional service. Having become a force in the real estate industry over the last 20 years, Real Estate Webmasters has consistently raised… The post Shaping the Future of Real Estate Technology appeared first on RISMedia.

Technology 122

Technology Industrial 122

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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.

Sales

Seattle Times Real Estate

MAY 17, 2024

State officials project Washington will need more than 1 million new homes in the next two decades. While overall housing production has soared, construction of affordable housing has not kept pace with the need.

Construction 122

Construction 122

RIS Media

MAY 17, 2024

A total of 31,649 properties had foreclosure filings—default notices, scheduled auctions or bank repossessions—in April 2024, according to the latest data from ATTOM. ATTOM’s Foreclosure Market Report for April 2024 found that foreclosure filings were down 4% from a month ago, and down 4% from a year ago. On the other hand, the report found… The post Foreclosure Starts Decline Slightly in April, While Completions Rise appeared first on RISMedia.

Banks 122

Banks Marketing Industrial Mortgages 122

Inman

MAY 17, 2024

PayHOA, a software company in the HOA management space, gets $27.5 million in Series A venture capital, led by Elephant.

Closing 166

Closing Technology 166

RIS Media

MAY 17, 2024

RE/MAX has published its latest monthly report tracking updates to the national housing market (based on survey results of 50 metro areas). The report goes up to April 2024, which a press release noted is often the beginning of a summer pick-up for home sales. RE/MAX’s findings indicate this April won’t be any different. RE/MAX… The post RE/MAX Publishes April 2024 Housing Report appeared first on RISMedia.

Sales 121

Sales Marketing Days on market Industrial 121

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