Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. The Department of Justice’s settlement announcement on Thursday resolves a whistleblower lawsuit filed in 2018 by former underwriter Jennifer McNeil and former quality control team lead Ledell Javon Wilson in a federal cour

Loans 384

Loans Mortgages Land Development 384

Real Estate News

JUNE 30, 2023

MLS PIN has agreed to pay $3 million and stop requiring sellers to offer buyer-broker compensation, a practice at the core of two other major lawsuits.

MLS 299

MLS Industrial 299

Housing Wire

JUNE 30, 2023

The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-14 this week, which increases the threshold from $75 million to $120 million for multifamily loans to be considered large loans. This marks the first major increase to the threshold since 2014. The goal of the increase is to “enable a greater number of transactions to use standard underwriting processes when submitted for FHA Multifamily insurance,” the agency said.

Loans 384

Loans Development Finance Design 384

Real Estate News

JUNE 30, 2023

Hoby Hanna recently made waves by pulling listings from IDX — a move that effectively keeps Howard Hanna Real Estate listings off of competitors’ websites.

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Agents

Housing Wire

JUNE 30, 2023

Chicago-based Guaranteed Rate , a top 10 U.S. mortgage lender, acquired Sirva’s shares at Premia Relocation Mortgage and now has full ownership of the business, the companies announced on Friday. The financial terms of the transaction were not disclosed. Premia, which provides a relocation mortgage service for employees moving across the country or to other countries, has a digital platform called DigitalMove.

Mortgages 370

Mortgages Loan Officer Technology Loans 370

Real Estate News

JUNE 30, 2023

United franchise and indie firm merge in AL; The Agency opens in NC; Christie's moves into Belgium; Corcoran acquires Jersey Shore firm; PA team joins eXp.

Brokerage 237

Brokerage 237

Sotheby's International Real Estate

JUNE 30, 2023

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Brisbane, Queensland, Australia | Queensland Sotheby’s International Realty The mansion, owned by a JLL executive, is hitting the market for A$20 million. A Brisbane Equestrian Compound Is on Sale for $13.2 Million – Bloomberg The Gallery-Like Home of Collector Chara Schreyer, Who Championed ‘Strange’ Art, Has Come to Market in San Francisco – artnet Bulgaria’s Most Expensive Home Lists fo

Design 138

Design Sales Marketing 138

Inman

JUNE 30, 2023

Mortgage brokers have to undergo specific training to do their jobs, but a higher education degree is not required. Those with an aptitude for hard work and client relationships can find great success over the course of their careers.

Mortgages 157

Mortgages Brokerage 157

Calculated Risk Real Estate

JUNE 30, 2023

Note: This is a repeat sales index using only loans purchased by Fannie and Freddie and includes appraisals. See FAQs here. Freddie has data for all states and many cities. For house prices, I’m currently following Case-Shiller, FHFA , CoreLogic , Black Knight , the NAR median price s, and this Freddie Mac index. Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.5% month-over-month on a seasonally adjusted (SA) basis in May, putting the National FMHP

Loans 137

Loans Closing Sales 137

Inman

JUNE 30, 2023

The antitrust enforcer will get 5 minutes at oral arguments in Top Agent Network's appeal to overturn a lower court ruling tossing its case against NAR's Clear Cooperation Policy.

Agents 152

Agents MLS Brokerage 152

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

RIS Media

JUNE 30, 2023

When buying or selling a home, choosing the right storage facility means selecting the company that offers the things you need to protect your possessions. It needs good security, it needs to be easy to access, and the price needs to be right. On top of these concerns, you must decide whether you need a… The post Pros and Cons of Climate-Controlled Storage appeared first on RISMedia.

Industrial 122

Industrial Agents 122

Inman

JUNE 30, 2023

At homegenius, we’re transforming real estate transactions from beginning to end. We know that real change takes more than a bold vision. It requires decades of hard-earned experience, trusted relationships, and a capacity for connecting people and technologies across the real estate spectrum.

Technology 153

Technology 153

RIS Media

JUNE 30, 2023

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. According to The Primary Mortgage Market Survey® from Freddie Mac, the 30-year FRM this week sits at 6.71% and the 15-year FRM at 6.06%. As of June 23, 2023, mortgage applications had increased by 3%,… The post Mortgage Mix: Rates Remain High, While Applications Climb appeared first on RISMedia.

Mortgages 98

Mortgages Industrial As-is Marketing 98

Inman

JUNE 30, 2023

The co-founder of Zillow and Pacaso just isn’t that into traditional real estate — at least as an income-generating investment, he told Arrived CEO Ryan Frazier in a recent interview.

Property Management 150

Property Management Technology 150

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Sales

RIS Media

JUNE 30, 2023

Kymber Lovett-Menkiti, President/Regional Director, MG Residential, Keller Williams Capital Properties, Keller Williams Realty International, Washington, D.C.; Broker Relations Liaison, National Association of REALTORS®: On a relatively slow news day on the last day of November 2022, a San Francisco research lab called OpenAI launched a free writing service called ChatGPT.

Residential 98

Residential Industrial Agents 98

Inman

JUNE 30, 2023

Will you be ready when the market takes off again? The answer to that question, Jimmy Burgess writes, depends on whether you act now to prepare or continue to put off the things you know you need to do in your business.

Agents 146

Agents Marketing Brokerage 146

RIS Media

JUNE 30, 2023

Zavvie has announced it is expanding its Power Buying services, including Cash Offer and Buy-before-you-sell Modern Bridge, to the mortgage industry. With the expansion, zavvie aims to help loan officers and real estate agents close more deals. “The mortgage marketplace today is ripe for innovation and solutions that can help loan officers make more deals… The post Zavvie Expands Power Buying Services to Mortgages appeared first on RISMedia.

Mortgages 98

Mortgages Loan Officer Loans Industrial 98

Inman

JUNE 30, 2023

Hot off the release earlier this month of his debut album, "Lost at Sea," the 69-year-old real estate broker and pianist spoke to Inman about his career, the new album and his daughter, Lana Del Rey.

Agents 143

Agents 143

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

RIS Media

JUNE 30, 2023

It’s deja vu all over again for a lot of folks—and for homebuyers in particular. That is what Bright MLS’ survey of its nearly 100,000 subscribers shows, as the bidding wars, high prices and low inventory of the pandemic market appear to have returned, carrying both the negatives and positives of that dynamic as real… The post New Market Dynamics Resemble Pandemic Frenzy appeared first on RISMedia.

Marketing 98

Marketing MLS As-is Agents 98

Inman

JUNE 30, 2023

The increasing popularity of vineyard properties as alternative assets, the emergence of new wine regions and the lifestyle appeal of vineyard ownership all present new opportunities.

Brokerage 142

Brokerage Agents Marketing 142

1000Watt

JUNE 30, 2023

As we noted in The Dose at the beginning of the week, brokerage giant Howard Hanna has pulled out of IDX in its Cleveland market. IDX is the protocol under which brokers share each other’s listings on the web. It was established some 20 years ago. This move means that other brokers in Cleveland can no longer display Howard Hanna listings on their websites.

MLS 98

MLS Brokerage Development Land 98

Inman

JUNE 30, 2023

Down payment assistance and income-driven repayment still offer a path to homeownership for those repaying $1.6 trillion in student loan debt.

Loans 155

Loans Debt-to-income ratio Mortgages Agents 155

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

RIS Media

JUNE 30, 2023

The national median payment applied for by purchase applicants increased 2.5% in May, from $2,112 in April to $2,165, according to a new report from the Mortgage Banker’s Association (MBA). A new record high for the index, the data points to continuing struggles in homebuyer affordability. MBA’s Purchase Applications Payment Index (PAPI) measures how new… The post Mortgage-Application Payments Increased 2.5% in May appeared first on RISMedia.

Mortgages 98

Mortgages Industrial Agents Marketing 98

Inman

JUNE 30, 2023

In his latest industry Snapshot profile, Brandon Doyle talks to Greg Sax, director of growth at the Real Estate Standards Organization.

Agents 156

Agents Industrial Marketing 156

RIS Media

JUNE 30, 2023

Editor’s Note: RISMedia recently released its 2023 Top 1,000 Power Brokers, exclusively for RISMedia Premier Members. In this special interview series, we talk to some of our top-ranking brokers to garner their insights and strategies for sustaining their firms’ success. For more information, click here. Tim Milam CEO Coldwell Banker Sea Coast Advantage No. 29… The post The Power Broker Interview: Tim Milam appeared first on RISMedia.

Agents 97

Agents 97

Inman

JUNE 30, 2023

The upper-floor unit sold for nearly 20 percent more than the last time it was on the market in 2018, which was $31.5 million. The seller was a company tied to former NorthStar Asset Management CEO Albert Tylis.

Marketing 130

Marketing Development Sales 130

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Agents

Bigger Pockets

JUNE 30, 2023

The real estate market has been out of sorts since 2020. Is a balanced market, as we define it, even possible anymore? It's time we shift our perspective.

Marketing 103

Marketing As-is 103

Inman

JUNE 30, 2023

Shares in digital title and closing provider climb above $5, and the company will stay listed if its share price remains above $1 for the next 30 trading days.

Title 134

Title Closing Technology Industrial 134

HomeLight

JUNE 30, 2023

DISCLAIMER: As a friendly reminder, this post is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan in Florida, HomeLight encourages you to reach out to your own advisor. If you are selling your home in Florida but also looking to purchase a new one, the timing of both transactions can feel impossible to plan perfectly.

Equity 93

Equity Loans Closing costs Finance 93

Inman

JUNE 30, 2023

This week: What the hell is going on in the real estate industry? And, more importantly, what are you going to do about it?

Industrial 153

Industrial MLS Brokerage Agents 153

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales