Housing Wire
MARCH 19, 2024
Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology ’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday. The bank will rely on ICE’s loan origination and servicing platforms, Encompass and MSP , to handle both its first-lien and home equity products.
Real Estate News
MARCH 19, 2024
NAR’s proposed settlement in the commissions cases has quickly led to a flurry of headlines — many of them wrong. Here’s what agents need to do.
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Housing Wire
MARCH 19, 2024
For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. But for roughly one-third of NAR’s membership — and nearly 100 of the nation’s largest brokerages by transaction volume — the agreement reached on March 15 may be just the beginning of the saga.
Keeping Current Matters
MARCH 19, 2024
Even with the latest data coming in, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw back in 2008.
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.
Housing Wire
MARCH 19, 2024
Mortgage rates remained flat this week ahead of the next meeting of the Federal Open Market Committee (FOMC). HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.07% on Tuesday, down from 7.08% one week earlier. At the same time one year ago, the 30-year fixed rate averaged 6.69%. Meanwhile, the 15-year fixed rate averaged 6.5% on Tuesday, up from 6.46% one week earlier.
Real Estate News
MARCH 19, 2024
In a call with media, NAR reps sought to dispel confusion and misinformation coming out of the March 15 settlement announcement.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
MARCH 19, 2024
Windermere appoints sales director for California; T3 Sixty promotes tech leaders; NAHREP names 2024 president; Janet Kane now CEO at Cape Fear Realtors.
Housing Wire
MARCH 19, 2024
The U.S. Department of Housing and Urban Development (HUD) Office of Housing Counseling (OHC) has made a series of updates to its Housing Counseling Program Handbook, including extensive additions, consolidations and reorganizations to a section focused on the Home Equity Conversion Mortgage (HECM) program. This is according to a January meeting of the Housing Counseling Federal Advisory Committee (HCFAC), where the changes were detailed by OHC Office of Policy and Grant Administration specialis
Inman
MARCH 19, 2024
The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events.
Housing Wire
MARCH 19, 2024
Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. Polly’s product and pricing engine (PPE) was built with an API-adjacent product strategy, which can create opportunities for optimal system-to-system integration that helps improve lender efficiencies, Polly said in a news release.
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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.
Inman
MARCH 19, 2024
Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4 billion damages award after NAR, Keller Williams, Anywhere and RE/MAX settle.
Housing Wire
MARCH 19, 2024
Calque , a company that partners with lenders to offer non-contingent mortgages to homebuyers, has appointed Michael Bremer as CEO. Before joining Calque, Bremer (a 2020 HousingWire Insider ), served as the executive vice president of enterprise operations at CoreLogic. “I am thrilled at the chance to join a company dedicated to alleviating the challenges homeowners face during the homebuying and selling process,” Bremer said in a statement.
Inman
MARCH 19, 2024
Despite the initial controversy, Homes.com isn't letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 567 percent growth in unique visitors compared to February 2023.
Housing Wire
MARCH 19, 2024
As the final defendant left in the Sitzer/Burnett commission lawsuit , it appears that HomeServices of America may be left holding the bag for the vast majority of the damages in the case. On Monday, the plaintiffs filed a motion for entry of judgment in a Kansas City district court. In their motion, the plaintiffs asked the court to order HomeServices to pay $4.7 billion in damages this fall.
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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.
Inman
MARCH 19, 2024
Since Friday, real estate agents have been arguing on the video sharing platform that the recent commission suit settlement is likely to hurt both homebuyers and the agents who represent them.
Housing Wire
MARCH 19, 2024
Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. Following UWM’s 2021 announcement of an “All-In ” initiative — which prohibits UWM broker partners from sending loans to direct competitors Rocket Mortgage and Fairway Independent Mortgage — Atlantic Trust agreed to the “All-In” a
Inman
MARCH 19, 2024
As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales.
Housing Wire
MARCH 19, 2024
President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike. Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply. The president will use his remarks in Las Vegas to encourage Congress to support his housing agenda, according to Lael Brainard, the White House’s national econom
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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.
Inman
MARCH 19, 2024
The Andreessens have owned the home since 2007 and conducted extensive renovations. The couple also recently purchased several properties in Malibu, suggesting a switching of allegiances to Southern California.
Housing Wire
MARCH 19, 2024
New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award. As a result, Nierenberg’s target annual compensation rose from $15 million to $17 million, according to a March 15 filing with the Securities and Exchange Commission (SEC).
Inman
MARCH 19, 2024
With new and evolving software solutions, multifamily expert Andy Larson writes, any landlord can thrive in the rental market by letting automation, big data and smart spaces do much of the heavy lifting.
Lighter Side of Real Estate
MARCH 19, 2024
You’ve probably heard the news that there are changes coming in terms of how real estate commissions are paid. This might sound exciting and like a potential game-changer for you as a home seller or buyer, with headlines proclaiming things like: “Real estate commissions are being slashed!” “Selling your house will now be less expensive!” “No more paying 6% to real estate agents!
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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.
Inman
MARCH 19, 2024
If the proposed settlement is approved, multiple listing services will be forced to nix the buyer commission field by July. Now is the time to prepare, writes author and trainer Bernice Ross.
RIS Media
MARCH 19, 2024
The National Association of REALTORS® (NAR), in choosing to settle commission lawsuits filed by sellers that have dogged the industry for five years (along with the cascade of copycats added over the past six months), framed the decision as being an effort to “protect our members to the greatest extent possible.” Paying $418 million and… The post The 87 Brokerages Not Included in NAR’s Lawsuit Settlement appeared first on RISMedia.
Inman
MARCH 19, 2024
Sisters Maeda Palius and Amy Chorew offer guidance on developing a comprehensive business plan, so you can better understand your business as you plan for your financial future.
RIS Media
MARCH 19, 2024
Above, Guaranteed Rate Senior Production Manager Mike Dye While the mortgage industry has traditionally focused on lenders’ needs and priorities, Guaranteed Rate has flipped the script by putting the interests of customers first. “In the age of Amazon, society has conditioned us to want quick results. What we have effectively created together is a niche… The post Revamping the Mortgage Process for a Fast-Paced World appeared first on RISMedia.
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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.
HomeLight
MARCH 19, 2024
When it’s time to sell your home within a community governed by a homeowners association (HOA), there’s a specific fee that often takes sellers (and some buyers) by surprise: the HOA transfer fee. This cost is just one part of the broader selling process, but it can raise questions about its purpose, amount, and who’s responsible for paying it.
Inman
MARCH 19, 2024
Independent, tech-forward brokerage Radius Agent (Radius) has built an artificial intelligence assistant for its agents and staff, called Mel, designed to assist with compliance, marketing and business management.
RIS Media
MARCH 19, 2024
New-home construction bounced back sharply in February due in part to slightly more favorable mortgage rates and a dearth of existing houses for sale. Housing starts rose 10.7% in February to an annual rate of 1.52 million, beating estimates of a 1.5 million increase, according to data released March 19 by the Census Bureau and… The post New-Home Construction Rebounds With Spring Buying Season Underway appeared first on RISMedia.
HomeLight
MARCH 19, 2024
Thinking of selling your house in Grovetown, Georgia, but can’t wait weeks or months for it to go under contract? “We Buy Houses” companies make all-cash offers for homes and often seek out properties that need work or are tied up in complicated situations like foreclosure or probate. Aside from shortening selling timelines, cash-for-homes companies allow homeowners to skip repairs, routine cleanings, professional staging, and weekly showings.
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.
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