Thu.Mar 14, 2024

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HUD sued over alleged failure to refund mortgage insurance premiums

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage News and Law360. The proposed class-action lawsuit brought by Florida resident Tricia Sarmiento claims that HUD has failed to issue refunds tied to MIP payments on mortgages backed by the Federal Housi

FHA loan 479
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Mortgage rates see biggest weekly drop since December

Real Estate News

Rates eased this week, but they will likely remain elevated throughout the spring months as the Fed waits to take action on interest rates.

Mortgages 309
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Rising home insurance costs are adding pressure for buyers: Insurify

Housing Wire

The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners insurance premiums are climbing too. The average cost of insuring a $300,000 property surged by 12% in 2023, reaching $1,770 per year, according to a recent Insurify report.

As-is 460
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Commissions cases: The next 90 days could change everything

Real Estate News

Three key decisions, including the Sitzer/Burnett judgment, are expected this spring — and they could determine what happens next for the industry.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Online service offers real estate aid to divorcing couples 

Housing Wire

Hello Divorce , a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets. Finding a way to divide a home can be financially and emotionally fraught , and HomeSplit aims to help consumers regain some control over their financial future after the divorce.

Closing 454
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Agent optimism up as new listings surge

Real Estate News

A national survey of 1,900 real estate agents found that most are anticipating a good market in the coming six months.

Agents 250

More Trending

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Why Today’s Seller’s Market Is Good for Your Bottom Line

Keeping Current Matters

Thinking about selling your house and wondering if now’s a good time to do it?

Marketing 268
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Blend narrows loss in 2023, projects confidence in achieving profitability this year 

Housing Wire

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a non-GAAP net loss of $182.2 million in 2022 , according to data shared in its fourth-quarter and full year 2023 earnings call.

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Hilton heads back to campus with $210M Graduate Hotels acquisition

Inman

Hilton Worldwide Holdings has agreed to pay $210 million for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns.

Branding 191
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Change Lending to join Federal Home Loan Bank of San Francisco

Housing Wire

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The Anaheim, California-based originator’s application was approved on Wednesday after it fulfilled all statutory requirements for membership, including those related to capital, profitability and liquidity, the company reported.

Lending 407
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Brokerage BHS appeals orders to pay agent $977K for discrimination

Inman

Brown Harris Stevens of the Hamptons seeks to overturn rulings awarding Shauncy Claud nearly $1 million after a court found the firm wrongfully fired her for filing a discrimination complaint.

Brokerage 176
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Former Live Well CEO seeks delay of deadline to file for new trial

Housing Wire

Michael Hild, who served as CEO of now-defunct reverse mortgage lender Live Well Financial , is seeking a one-year delay of a deadline to file a motion for a new trial based on what his attorney describes as “new evidence.” This is according to court documents reviewed by RMD. After his arrest by the FBI in 2019 and a protracted trial process, the jury hearing the case determined in April 2021 that Hild participated in an effort to fraudulently inflate the value of the company’s bonds by approxi

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Fathom Realty added 1,425 agents after raising fees last year

Inman

Fathom posted a $24 million annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage's transaction volume dropped less than the industry overall.

Agents 179
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Lisa Moriello talks tech, 2024 HECM limit and openness to reverse mortgages

Housing Wire

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics. These include the integration of forward mortgage professionals into the reverse mortgage business, how the Home Equity Conversion Mortgage (HECM) limit for 2024 could end up impacting

Mortgages 398
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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LGBTQ+ Real Estate Alliance launches anti-LGBTQ bill tracker

Inman

Almost two years after launching its "Article 10 Rule" campaign, the LGBTQ+ Real Estate Alliance has upped the ante with a new website that tracks anti-LGBTQ legislators who've received funding from the National Association of Realtors' lobbying arm, the Realtor Political Action Committee.

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Greater Bergen Realtors brings news and analysis to members with HousingWire partnership

Housing Wire

With our commitment to providing insights that housing professionals can make decisions on, HousingWire announced a new partnership with Greater Bergen Realtors , delivering exclusive news, market data and housing research to agents in New Jersey’s Greater Bergen Realtors association. Greater Bergen Realtors is located in New Jersey and serves members in Bergen, Hudson, and Passaic Counties.

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5 currently trending AI tools that will get your business growing

Inman

AI tools are poised to revolutionize every aspect of real estate, Jimmy Burgess writes. Step out of your comfort zone, and put his recommendations to work for you.

Branding 180
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Mortgage Rates Dip for Second Straight Week

RIS Media

The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week’s average of 6.66% to an average of 6.74% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.74%, down from last week when it averaged 6.88%. A year… The post Mortgage Rates Dip for Second Straight Week appeared first on RISMedia.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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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Future-proof your online presence by buying your domain name

Inman

Purchasing a domain to build up content and expert reputation is one of the most valuable strategies for an agent starting out in the industry, marketing expert David Marden writes.

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What to Do When a House Isn’t Selling

RIS Media

It can be frustrating and concerning when your house has been on the market longer than expected. You’ve made memories in this home and are likely looking forward to starting a new chapter elsewhere. However, when the sale stalls, it’s crucial to reassess your strategy. We will explore five actionable steps to boost your home’s… The post What to Do When a House Isn’t Selling appeared first on RISMedia.

Sales 124
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How new agents can get the best return on their time investment

Inman

Succeeding as a new real estate agent, David Marden writes, requires effective time management, leveraging your circle of influence and understanding the ROI of your efforts.

Agents 165
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Potential Alternative to NAR Holds First ‘Listening Tour’ Event; More Planned

RIS Media

The American Real Estate Association (formerly but no longer using the acronym AREA) conceived in January as a potential alternative to the National Association of REALTORS® (NAR), held its first event virtually, a “listening tour,” where they heard from agents across the country about their hopes and concerns for the industry. One of the main… The post Potential Alternative to NAR Holds First ‘Listening Tour’ Event; More Planned appeared first on RISMedia.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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TikTok’s viral orange trend can enhance your brand’s ‘a peel’

Inman

Are you willing to "peel the orange" for your clients? This viral TikTok trend has trainer Rachael Hite asking you to evaluate your brand and its appeal to consumers.

Branding 165
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3 Reasons Your Business Can’t Completely Rely on AI

RIS Media

AI technology has taken hold of the real estate industry, and most agents don’t want it to let go. In AI’s early days, RISMedia shared strategies for real estate professionals to experiment with the tech, and as we’ve kept documenting, agents have found ways to save time with AI. However, with the hype surrounding AI,… The post 3 Reasons Your Business Can’t Completely Rely on AI appeared first on RISMedia.

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Surging mortgage rates gain momentum on new inflation data

Inman

Mortgage rates push back through 7 percent as more worrisome inflation data puts to rest any lingering hopes for a Federal Reserve rate cut this spring.

Mortgages 174
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Women Real Estate Leaders and AI

RIS Media

The influence of women in real estate leadership is growing, as is their impact on the future of the industry. That was one of the most fascinating takeaways from the Delta Media 2024 Real Estate Leadership Survey. Looking at the use of artificial intelligence in real estate, the new study found a significantly higher propensity… The post Women Real Estate Leaders and AI appeared first on RISMedia.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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As spring nears, real estate agents are reconsidering paid leads: Intel

Inman

Two months of Inman Intel Index survey data shows waning confidence in real-world business-building activities but growing interest in buying leads on the internet.

Agents 163
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ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023

RIS Media

First-time homebuyers have long faced a trifecta of high mortgage rates, low housing inventory and climbing home prices throughout much of the country, making homeownership a difficult journey. Despite these challenges, first-time homebuyers still made up the largest share (55%) of all agency mortgage purchase securities issuance in a decade and a record 47% of… The post ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023 appeared first on RISMedia.

Loans 114
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Broker Spotlight: Kim Stem, ERA Doty Real Estate

Inman

Learn how a generous friend helped this award-winning Arkansas broker launch her epic 25-year career in real estate.

Brokerage 177
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Multifamily Rents Rise Ahead of Spring

RIS Media

The multifamily rental market recently stabilized as housing market challenges persist, seeing its first price rise in seven months. Yardi’s latest National Multifamily Report for February found that multifamily rents rose slightly by $1 to $1,713, while year-over-year growth was unchanged at 0.6%. The Northeast and Midwest continue to outperform over the short term, led… The post Multifamily Rents Rise Ahead of Spring appeared first on RISMedia.

Marketing 114
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.