Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. According to the latest FHFA data , as of Q3 2024, 17.2% of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often.

Mortgages 438

Mortgages Finance Loans Equity 438

Real Estate News

JANUARY 8, 2025

Robert Reffkin has been outspoken and growth-focused, landing at No. 1 on the 2025 SP 200. At No. 2? Another disruptor-turned-dominator, eXps Glenn Sanford.

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Land 287

Housing Wire

JANUARY 8, 2025

The Real Brokerage is a already a top 10 company in terms of transaction volume and sides and it continued its growth this week in two of the nation’s most populous states. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. Led by the husband-and-wife team of John Zhang and Christine Li, Harvest specializes in serving the Chinese community in SoCal.

Brokerage 392

Brokerage Technology Agents Branding 392

Keeping Current Matters

JANUARY 8, 2025

Let’s face it – life can throw some curveballs.

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Mortgages Agents 241

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Development

Housing Wire

JANUARY 8, 2025

Higher-for-longer mortgage rates have claimed their first victim of 2025. Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. These changes are expected to result in a workforce reduction of less than 5% of Ally’s approximately 11,000 employees.

Closing 411

Closing Mortgages Loan Officer Development 411

Real Estate News

JANUARY 8, 2025

Over a third of existing homeowners and 43% of those over 60 say they dont plan to ever sell their home, a Redfin survey found.

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204

Real Estate News

JANUARY 8, 2025

Amy Lessinger announced her resignation after nearly three decades with RE/MAX, a brand she had vowed to never leave.

Branding 190

Branding 190

Housing Wire

JANUARY 8, 2025

Forty-five percent of retirement-age survey respondents are concerned that they will outlive their savings while 25% spend nearly one-third of their monthly income on housing costs. This is according to new data released by Clever Real Estate. The survey results show stark declines in overall financial sentiment based on responses from 1,000 retired Americans at least 62 years old, with a median age of 70.

Mortgages 368

Mortgages As-is Marketing 368

Inman

JANUARY 8, 2025

LA-area agents on Wednesday told Inman that they were checking in on clients and keeping an eye on evacuation orders while lamenting the "catastrophic" toll the wildfires were taking on the community and real estate market.

Agents 162

Agents Marketing Brokerage 162

Housing Wire

JANUARY 8, 2025

California -based direct lender AmeriTrust Mortgage announced a new addition to its leadership team. The company welcomed veteran mortgage executive Jett Farrington this week as its new chief operating officer. Farrington joins a C-suite leadership team consisting of CEO Chad Schoep and chief financial officer Tapan Patel. The Arizona State University graduate announced his new role via a LinkedIn post on Monday.

Mortgages 397

Mortgages Loans Industrial Banks 397

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

Inman

JANUARY 8, 2025

Dangerous and discriminatory misconceptions about the purpose of home loans from the Veterans Administration may be keeping hard-working and well-prepared military veterans from the American dream of homeownership, veteran and team leader Cheryl Arroyo writes.

Loans 143

Loans VA loan Mortgages Agents 143

Housing Wire

JANUARY 8, 2025

Bayview Asset Management and three subsidiaries have agreed to pay a $20 million fine and implement a corrective plan following a 2021 data breach that affected 5.8 million customers. The settlement, announced Wednesday by the Conference of State Bank Supervisors , involves 53 state financial regulatory agencies. It includes Bayview and three of its affiliates, Lakeview Loan Servicing , Community Loan Servicing and Pingora Holdings.

Staging 396

Staging Loans Mortgages Banks 396

Inman

JANUARY 8, 2025

Home design? Economic indicators? Social media? What are you looking at to make sense of the 2025 real estate market's potential?

Design 144

Design Marketing Agents 144

Housing Wire

JANUARY 8, 2025

Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. However, for many lenders and title agents, the path to compliance can be a bit too much to handle while running a business and dodging compliance risks.

Technology 369

Technology Title Lending Development 369

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Inman

JANUARY 8, 2025

If youre considering a fresh new look for your marketing collateral and platforms in 2025, marketing expert Jon Krabbe writes, Mocha Mousse is a perfect choice.

Branding 143

Branding Marketing Staging Design 143

Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. The move is part of a repositioning that includes branding of its jumbo loan platform, which will continue to operate under the Sequoia umbrella going forward.

Equity 412

Equity Loans Lending Investor 412

Inman

JANUARY 8, 2025

The three-person team, led by real estate professional Shane Burgman, brings a wealth of experience to Real. Over the course of his 10-year career, Burgman has sold an average of 50 homes per year, totaling over $200 million in sales.

Sales 154

Sales Brokerage Technology 154

Housing Wire

JANUARY 8, 2025

The lawsuits taking aim at the National Association of Realtors (NAR) three-way membership agreement continue to pile up. W. Preston Moore, a former president of the Pennsylvania Association of Realtors (PAR) and an agent with Howard Hanna Real Estate Services , filed his antitrust suit in late November in U.S. district court in Pittsburgh and is representing himself.

MLS 396

MLS As-is Agents Marketing 396

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Agents

Inman

JANUARY 8, 2025

Lessinger's departure comes less than a year after she assumed the role of president. It also comes after RE/MAX has struggled with financial results in recent quarters.

Brokerage 164

Brokerage Industrial Agents Marketing 164

Housing Wire

JANUARY 8, 2025

As wildfires tear through Southern California and firefighters battle winds up to 100 mph, tens of thousands of residents have evacuated. The looming impacts on real estate and insurance are also at the forefront of Californians minds. According to Anthony Marrone, the fire chief for Los Angeles County , the wildfires have torched more than 1,000 structures, killing at least two people and injuring several more.

Banks 248

Banks As-is Development Closing 248

Calculated Risk Real Estate

JANUARY 8, 2025

NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in December. I’m tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas.

Marketing 102

Marketing Sales Closing Mortgages 102

Housing Wire

JANUARY 8, 2025

Less than a year after taking the helm, Amy Lessinger has announced her resignation as the president of RE/MAX. The brokerage franchisor publicized Lessingers resignation through a document filed with the Securities and Exchange Commission (SEC) on Wednesday. Lessinger informed the company of her resignation, which is effective Jan. 17, on Friday. No reason was listed for Lessingers departure.

Brokerage 269

Brokerage Technology Agents Industrial 269

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Agents

Inman

JANUARY 8, 2025

With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds.

Mortgages 108

Mortgages Marketing 108

Housing Wire

JANUARY 8, 2025

Miami became one of the hottest destinations in the country after the COVID-19 pandemic began, and homeowners have reaped the benefit in the form of ballooning home equity. But homeowners in the area are also facing a serious unintended consequence of that skyrocketing property taxes. According to a new report from CoreLogic, median property tax payments in Miami-Dade County have risen 56.8% since 2019, and theyve jumped 56.8% in neighboring Broward County.

Equity 221

Equity Mortgages Marketing 221

RIS Media

JANUARY 8, 2025

The Department of Justice (DOJ) has filed an amended complaint in its civil antitrust lawsuit against real estate software company RealPage, adding six apartment landlords as defendants and two more state Attorneys General as co-plaintiffs, as well as revealing an agreement with another defendant who has agreed to cooperate in the investigation. The suit, originally… The post DOJ Amends Complaint in RealPage Lawsuit, Reveals Cooperating Defendant appeared first on RISMedia.

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Property Management MLS Industrial Agents 96

Housing Wire

JANUARY 8, 2025

The broker of Texas -based Strategic Realty has filed an amended complaint in her antitrust suit tied to the National Association of Realtors (NAR) three-way membership agreement structure. Luz de Amor Eytalis’ amended complaint contains nearly identical allegations to the original complaint, but Eytalis has altered the list of defendants named in the suit.

MLS 221

MLS As-is Agents Industrial 221

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Sales

Brownstoner

JANUARY 8, 2025

An affordable housing lottery has opened for 68 apartments in a 100 percent affordable development that spans a block along Atlantic Avenue in East New York. The one-, two-, and three-bedroom apartments at 265 Logan Street, dubbed The Logan Fountain, are aimed at households earning between 40 percent and 70… Read More > The post East New York Affordable Housing Lottery Opens With $994 Units appeared first on Brownstoner.

Development 98

Development 98

Housing Wire

JANUARY 8, 2025

2024 is in the rearview mirror, and with many reverse mortgage professionals naming interest rates as the key challenge that defined the year, performance metrics appear to be bearing that out. The reverse mortgage industrys total annual Home Equity Conversion Mortgage (HECM) volume saw a dip, but there was some shuffling among the leading players on the industrys leaderboard for the top 10 Federal Housing Administration (FHA)-approved retail-based HECM endorsements.

Mortgages 221

Mortgages Finance Lending Equity 221

RIS Media

JANUARY 8, 2025

Defendants in the largest buyer-side case (known as Batton) are seeking to prevent plaintiffs from significantly expanding their lawsuitadding almost 20 new state-level claims and two dozen new class representativessaying the move will upend a previously agreed-upon schedule and force defendants into even more costly and time-consuming legal work in the long-running lawsuit.

Industrial 105

Industrial Agents 105

Inman

JANUARY 8, 2025

Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers.

Loans 101

Loans Mortgages 101

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