Housing Wire

FEBRUARY 1, 2024

Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard , to talk about his focus on transforming servicing, what really counts with data and the right approach to using artificial intelligence. And at Sagent , we have an opportunity to do that. SW: How is Sagent leveraging AI?

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Technology Industrial Banks Agents 341

Housing Wire

APRIL 24, 2024

About 90% of millionaires have built their fortunes in great part through the ownership and management of real estate, according to industry data. apartment rental segment was expected to reach about $251 billion, according to data by Statista. Individual investors own about 70% of rental properties in the U.S.,

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Marketing Investor Technology Industrial 409

Housing Wire

MARCH 21, 2024

Navigating knowns and unknowns The current “knowns” for these MLSs and associations are the terms of NAR’s settlement agreement, which includes a variety of changes to the industry. We are in the process of putting together some white papers about how we think that the field should be rolled out,” Carter said. “We

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MLS Agents Industrial Brokerage 359

Housing Wire

APRIL 4, 2024

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. This is according to local reporting by a Houston ABC News affiliate.

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Construction As-is Finance Marketing 393

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Using trending videos, educational content and humor to reveal all the secrets about buying a house, Betley, known as @thatmortgageguy , has reached 870,000 followers and garnered 15.5

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Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. The buyer can use those funds for anything they would like, including paying their agent, if they choose.”

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Purchase and sale agreement Agents Seller concession MLS 384

Housing Wire

MARCH 28, 2024

Are you intrigued by AI or tired of hearing about it? At the recent ICE experience conference, I talked to a lot of mortgage lenders and tech folks about what’s making a difference in their businesses. Many were excited about the current or potential use cases for artificial intelligence , while others were a bit more jaded.

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Housing Wire

APRIL 15, 2024

Here’s what he had to say about the future of the MLS. Tell me about your collaborative partnership approach. The real estate professionals we serve count on us to provide holistic property data to power their tools, give them insights they can use to advise their clients, and help them do business.

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Housing Wire

APRIL 18, 2024

It continued to contribute data and academic information about the reverse mortgage product and its potential use as a retirement planning tool. “We The lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

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Equity Loan Officer Mortgages Industrial 321

Housing Wire

MARCH 19, 2024

Fifth Third will also incorporate ICE’s consumer-facing Servicing Digital , which provides borrowers with self-service capabilities and information about their loan, property and neighborhood. That is a common goal we share.

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Technology Banks Mortgages Equity 401

Housing Wire

APRIL 12, 2024

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts. It] depends on an individual’s capacity to borrow, the reasons for borrowing and what they’re going to use the money for,” McClary told AARP.

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Housing Wire

MARCH 15, 2024

However, they already worry about some groups of considered vulnerable borrowers who could not pay for the buyers’ agent commission due to affordability challenges. On average, about 50% of referrals to a retail LO come from buyers’ agents, VanFossen said. You should be finding buyers before real estate agents anyway.”

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Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

APRIL 9, 2024

To get a better idea of what motivated the survey and its desire to learn more about reverse mortgages, RMD sat down with WSFS Mortgage President Jeffrey Ruben. In terms of what motivated the company to conduct the survey, Ruben describes a perceived disconnect between the utility of the product category and its reputation.

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Housing Wire

APRIL 11, 2024

He noted that he has used his college experience as an NCAA Division 1 scholarship diver, as well as a stunt diver at summer amusement park shows, to help him into the right frame of mind to navigate these challenges. “I I used to do high dives from 75 feet; I used to get lit on fire and paid for it,” Sears said. “I

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VA loan Loans As-is Development 368

Housing Wire

MARCH 21, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Shayan Hamidi, CEO of Rechat , to talk about how he picks the right problems to solve, the incredible pace of AI innovation, and finding the joy in work. Sarah Wheeler: Let’s talk about your background, because you have both technology and real estate experience.

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Technology Brokerage Agents As-is 414

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

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Agents MLS Sales Branding 369

Housing Wire

MARCH 21, 2024

Sixty-two percent of respondents with knowledge of reverse mortgages agreed they can provide more financial freedom in retirement, while 61% said they can help cover expenses like long-term care.” This compared to 17% who said they “were not knowledgeable about reverse mortgages,” the results explained.

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Mortgages Finance Banks Industrial 359

Housing Wire

MARCH 26, 2024

About two-thirds of agents are women, and that number is growing. Real estate can be a launch pad for women to improve their long-term financial prospects, the study found. This is a great time for women to be in real estate,” Laura Adams, senior real estate analyst at AceableAgent, told HousingWire. Bureau of Labor Statistics data.

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Agents Finance Industrial Loans 395

Housing Wire

MARCH 18, 2024

The platform provides borrowers with self-service capabilities and information about their loan, property and neighborhood. It can also be used as a channel for mortgage holders to seek assistance in times of distress. Lennar Mortgage , a financial services subsidiary of Lennar Corp. for benchmarking and strategic planning.

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Loans Mortgages Technology Finance 384

Housing Wire

APRIL 9, 2024

Total Mortgage Volume Forecast, multicultural households will account for about $2.2 Modern-day redlining persists, and it’s costing lenders millions in legal fees. Last October, Ameris Bank had to pay $9 million to settle a redlining case. More recently, Patriot Bank paid $1.9 million , and First National Bank was hit with a $13.5

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Lending Banks Mortgages Loan Officer 320

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. It never will be. I’ll explain later.)

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Agents Seller concession Closing costs Mortgages 387

Housing Wire

MARCH 28, 2024

Going forward, Better is focused on driving market share and reaching profitability in the medium term. Further, the seasoned loan officers are providing an increased level of service to consumers that enable us to improve revenue for loans while remaining market competitive.” Better Home & Finance Holding Co. ,

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Loan Officer VA loan Loans Technology 374

Housing Wire

JANUARY 26, 2024

About 85% of surveyed executives believed that their company was either not profitable or was roughly breaking even in production. After bouncing between the $6 million to $8 million range in 2018 and 2019, average cash balances now stand at about $11.5 million as of Q3 2023.

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Loans Banks Mortgages As-is 410

Housing Wire

SEPTEMBER 7, 2023

Homeowners can now see potential short-term rental income estimates on Realtor.com thanks to an integration with Airbnb. Short-term rental earnings estimates for hosting one room or the entire house will be available to homeowners via Realtor.com’s My Home dashboard, according to an announcement on Thursday. for short-term rentals.

Equity 347

Equity Mortgages As-is Marketing 347

Housing Wire

APRIL 18, 2024

Megan McDermott has also alleged that someone at the Chicago-based lender accessed her business Facebook profile without authorization and used her brand and referral network to secure business after her resignation. In response, the lender said it’s conducting a detailed investigation into the claims.

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Loan Officer Loans Mortgages Finance 394

Housing Wire

DECEMBER 11, 2023

Under the terms of the settlement , EasyKnock has agreed to permanently end its sale-leaseback solution in Massachusetts, pay $200,000 to the state, return “tens of thousands of dollars of improperly held funds” to consumers, and make changes to its business practices.

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Sales Equity Residential Technology 290

Housing Wire

APRIL 8, 2024

Even more importantly (in terms of future volumes), we also saw February case numbers issued rise 10.6% In terms of the tracked regions, the Northwest/Alaska region led the way in terms of biggest relative improvement, rising 23% to 166 loans. Home Equity Conversion Mortgage (HECM) endorsements increased 8.3%

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Mortgages Seller concession Loans Equity 348

Housing Wire

MARCH 8, 2024

While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term. Based on the notion that far too many U.S. Hometap, as an investor, provides cash in exchange for a share of their home’s future value.

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Equity Marketing Investor Loans 320

Housing Wire

JANUARY 2, 2024

So if you just take half of that, you’ve got about 30 million homes that should be coming on the market. And I think that’s what will put regional pressure in terms of more and less on home prices.” T]he other major demographic trend you see is the aging of America,” Whitney said. “So has seen for home sales, she said. “[T]he

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Marketing Equity Industrial Mortgages 512

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

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Industrial Mortgages Marketing Finance 342

Housing Wire

JANUARY 18, 2024

Announced HMBS concept vs. proposed concept When reached about Ginnie Mae’s statements on the matter, Tozer expressed excitement about the prospect and hoped that the move was partially in response to an op-ed he authored for the Urban Institute last year making HMBS program recommendations.

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Development Loans Banks Mortgages 369

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. Generate seller leads using AI Artificial Intelligence (or AI) is changing the way agents work in so many ways, and that includes how we generate seller leads.

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Agents Land As-is Marketing 368

Housing Wire

DECEMBER 12, 2023

Tuesday’s report showed inflation was a bit stronger than anticipated, but it was boosted by rents and used car prices, both of which have longer-term disinflationary futures in store for them. From BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 Bureau of Labor Statistics reported today.

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Land Mortgages Marketing As-is 478

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. A VA loan is a mortgage partially backed by the U.S.

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VA loan Loans Mortgages Lending 430

Housing Wire

MARCH 8, 2024

So, networking is about more than just transactions — it’s a crucial practice for building connections that nurture growth and unveil new possibilities. For real estate professionals , turning networking into a regular practice is key to long-term success. The foundation of this sector is built on trust and relationships.

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Agents As-is Industrial Marketing 331

Housing Wire

FEBRUARY 12, 2024

And how can you confidently talk to clients and potential clients about their mortgage needs? If they view you as someone who doesn’t know what they’re talking about, or someone who just wants to get a commission check, you’re not likely to get their business, or if you do, it’s unlikely to result in any future or referral business.

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Mortgages Loans Closing costs Industrial 405

Housing Wire

AUGUST 29, 2023

Most real estate sites feature landing pages tailored to broad search terms—think “homes for sale in New York” or “apartments for rent in Boston.” Most real estate sites feature landing pages tailored to broad search terms—think “homes for sale in New York” or “apartments for rent in Boston.”

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