Housing Wire

DECEMBER 5, 2023

The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a Delaware bankruptcy judge to settle a Worker Adjustment Retraining Notification (WARN) Act lawsuit for $1.75 million. In June 2022, laid off employees filed two separate district court actions alleging WARN Act violations related to their abrupt employment terminations.

Bankruptcy 465

Bankruptcy Mortgages 465

Keeping Current Matters

DECEMBER 5, 2023

If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options.

Sales 329

Sales 329

Housing Wire

DECEMBER 5, 2023

In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers. That’s according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). Released quarterly, the HBGI gauges housing construction growth in various regions using county-level information about single- and multifamily building permits.

New Construction 465

New Construction Construction Marketing As-is 465

Real Estate News

DECEMBER 5, 2023

West Penn MLS and multiple brokerage companies are defendants in the latest buyer-broker commission suit filed Monday by home sellers in Western Pennsylvania.

MLS 300

MLS Brokerage 300

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

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This allows investors to gain exposure and returns from the mortgage market, while the lenders gain immediate capital to issue new mortgages.

Technology 453

Technology Mortgages Loans Investor 453

Real Estate News

DECEMBER 5, 2023

Mortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.

Industrial 257

Industrial Mortgages 257

Real Estate News

DECEMBER 5, 2023

Suzanne Bouhia will take on the role of Chief Marketing and Communications Officer, effective Dec. 11, during a turbulent time for the organization.

Marketing 226

Marketing 226

Housing Wire

DECEMBER 5, 2023

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases. Last May, EasyKnock gobbled up Ribbon , a power buyer firm, and in September, it acquired home maintenance platform Onder.

Equity 441

Equity Investor Technology Residential 441

Inman

DECEMBER 5, 2023

A three-judge panel for the Washington, D.C., circuit seemed inclined to let the agency resume its probe into the National Association of Realtors' cooperative compensation and pocket listing rules.

MLS 185

MLS 185

Housing Wire

DECEMBER 5, 2023

The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing and communications group starting Dec. 11. Bouhia is joining NAR’s senior vice president team, which is responsible for supporting NAR’s CEO. “It is my privilege to help shape NAR’s perspective and amplify the voice of its 1.5 million members within the real estate industry and beyond.

Marketing 444

Marketing MLS Branding Industrial 444

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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.

Brokerage

Inman

DECEMBER 5, 2023

Faced with rising prices and rates, buyers are increasingly counting on personal loans and gifts to close deals, according to a survey of 3,000 potential buyers conducted by Dig Insights and Inman.

Loans 185

Loans Closing Banks Lending 185

Housing Wire

DECEMBER 5, 2023

California-based Pennymac Financial Services ’s broker division, Pennymac TPO , launched a home equity loan product as tappable home equity nears its 2022 peak. “Pennymac’s broker partners can now offer their clients a home equity loan as a second lien solution to access more cash, while still preserving the low interest rate of their first mortgage,” the company said.

Equity 436

Equity Loans Mortgages Technology 436

Inman

DECEMBER 5, 2023

Falling home prices and mortgage rates are on tap for buyers and sellers — not to mention a presidential election that could hinge on housing issues, according to Redfin's outlook for 2024.

Marketing 182

Marketing Mortgages Brokerage Agents 182

Housing Wire

DECEMBER 5, 2023

Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage , the company announced on Tuesday. “We’re going to expand Guild’s brand presence nationally, deliver best-in-class marketing tools, technology and support for our sales teams, and infuse a culture of creativity and collaboration across the brand,” O’Daniel said in a statement.

Marketing 426

Marketing Branding Mortgages Industrial 426

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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.

Agents

Inman

DECEMBER 5, 2023

Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf's transaction management solution, Transactions.

Agents 177

Agents Mortgages Technology 177

Housing Wire

DECEMBER 5, 2023

Housing Forward , the leading organization fighting homelessness in Dallas, appointed Sarah Kahn as interim president and chief executive officer, the nonprofit announced on Tuesday. Kahn starts her new role on Dec. 21. Her appointment comes on the heels of former president and CEO Joli Angel Robinson’s departure. Robinson accepted the role of chief executive officer of the Center on Halsted of Chicago, after serving Housing Forward for more than two years.

Development 407

Development 407

Inman

DECEMBER 5, 2023

The new offices bring The Agency's total office launch count in 2023 up to 26. The brokerage recently marked another milestone by launching its 100th office in Portland.

Brokerage 175

Brokerage 175

Calculated Risk Real Estate

DECEMBER 5, 2023

Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ). The surge in household formation has been confirmed (mostly due to work-from-home), and this led to the supposition that household formation would slow sharply in 2023 (mostly confirmed) and that asking rents might decrease in 2023 on

Principal 133

Principal Staging Construction Marketing 133

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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.

Agents

Inman

DECEMBER 5, 2023

Ryan Barone, CEO of RentRedi, discusses the ways that landlords are embracing innovative property management solutions and driving development in the proptech sector.

Property Management 175

Property Management Development Technology Agents 175

RIS Media

DECEMBER 5, 2023

REALTORS® are an essential piece of the housing market ecosystem. However, especially in the world post Burnett vs. NAR, many home sellers don’t realize the necessity of an agent when it comes to navigating the market. For sellers that choose to make their own way in the market, it doesn’t often work in their favor.… The post Home Sellers on Working With vs.

Agents 131

Agents Marketing Sales Industrial 131

Inman

DECEMBER 5, 2023

The firm's current COO will adopt the role of Coldwell Banker Warburg regional vice president starting in January, as current president Frederick Warburg Peters steps into a new role as president emeritus.

Brokerage 171

Brokerage Agents 171

RIS Media

DECEMBER 5, 2023

Freddie Mac has announced new, standardized mortgage documents that increase clarity, consistency and accessibility of down payment assistance (DPA) programs nationwide. These documents can be used by lenders working with housing finance agencies (HFAs) at the state, city, county and local levels to eliminate confusion and misinterpretation of DPA programs.Currently, these forms vary greatly.

Finance 126

Finance Mortgages Loans Industrial 126

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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

Inman

DECEMBER 5, 2023

Fee increases the flat-fee brokerage implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13 percent from a year ago, to 11,333.

Agents 167

Agents Brokerage Industrial 167

HomeLight

DECEMBER 5, 2023

In today’s high-interest-rate environment, finding an affordable path to homeownership can feel like walking a financial tightrope. If you’re balancing your options, you might be asking, “Are all mortgages assumable?” An assumable mortgage could be a smart solution, offering the possibility to take over a home loan with more favorable terms than currently available in the market.

FHA loan 116

FHA loan VA loan Mortgages Loans 116

Inman

DECEMBER 5, 2023

Investing in real estate provides an opportunity to become a millionaire. But you first need to wade through the fact and fiction to get started.

Investor 176

Investor 176

Eye on Housing

DECEMBER 5, 2023

For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2023.

Construction 116

Construction Marketing 116

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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.

Brokerage

Inman

DECEMBER 5, 2023

Suzanne Bouhia will shape NAR's communication strategy as the organization deals with lawsuits, scandal and a harrowing year in real estate.

Marketing 173

Marketing MLS Brokerage Industrial 173

HomeLight

DECEMBER 5, 2023

Are you a Connecticut homeowner caught in the challenging dance of selling your old home and buying your new one? You’re not alone. In the Nutmeg State, where housing inventory is often tight, and prices can soar, finding the right timing and funds to make your move can feel like a juggling act. Picture this: you’ve found your dream home, but your current one hasn’t sold yet.

Equity 111

Equity Debt-to-income ratio Loans Home sale contingency 111

Inman

DECEMBER 5, 2023

The lightweight, AI-backed CRM Cloze will now connect directly with RealScout, a relationship-first lead cultivation and marketing solution, recognized for its flexibility and value as a contact engagement catalyst.

Marketing 154

Marketing Technology 154

Brownstoner

DECEMBER 5, 2023

An affordable housing lottery has launched for 36 apartments in a long-in-the-works tower on the corner of 4th Avenue and Dean Street in Park Slope. Dubbed Signum, the glassy, 143-unit mixed-use building will be one of 4th Avenue's taller developments at 17 stories. Of the 36 studio, one-, and two-bedroom… Read More > The post Affordable Housing Lottery Opens for Boxy Park Slope Tower, With Studios Starting at $834 a Month appeared first on Brownstoner.

Development 111

Development Marketing 111

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.

Agents