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Industry experts are closely watching delinquency rates, insurance costs

Housing Wire

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Sullivan said reinsurance is another factor weighing on homeowners insurance costs, a function of the global capital markets.

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Wendy Forsythe joins eXp Realty as chief marketing officer

Housing Wire

On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the company’s brand visibility. 3 spot in the rankings.

Marketing 303
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titlegenius by Radian makes closing simple, transparent and less expensive

Housing Wire

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

Closing 292
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Mortgage delinquencies inch up in Q3 as job market cools: MBA

Housing Wire

Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. The increase was driven entirely by a rise in earliest-stage delinquencies – those 30-days and 60-days past due.

Mortgages 338
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CoStar’s billion-dollar marketing spend to include four Super Bowl ads

Housing Wire

In a video discussing its marketing strategy, also released this week, CoStar tells real estate agents that it plans to run the Homes.com ads on streaming platforms, broadcast TV and digital radio, as well as during major events. No other competitor comes close to our investment to drive leads to all agents,” the video states.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

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Jobs data shows the labor market is normalizing

Housing Wire

Is the labor market finally normalizing? Jobs Friday data came in as a beat of estimates, but the labor market is clearly starting to come back to earth, killing the fear of 1970s wage spiral inflation. Part of my COVID-19 recovery model on the labor market was that job opening should reach 10 million in this recovery.

Marketing 469