Housing Wire

MARCH 1, 2024

By and large, homeowners who are 60 and older love where they live and have a preference to age in place. They may also see the equity in their homes as a “financial reserve” and are generally confident in their retirement plans, but they are far less interested in employing their home equity in retirement. This is according to Doug Duncan, chief economist at Fannie Mae , in a new blog post that explores the homeownership patterns of older Americans.

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Equity Mortgages As-is 462

Real Estate News

MARCH 1, 2024

C21 President and CEO Mike Miedler says growth is more than numbers, it’s creating opportunities for the future — and being “ready, willing and able to grow.

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Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae. But advocates also say more is needed to improve the loan repurchase process. On Feb. 24, Fannie Mae announced the addition of a “notice of potential defect” functionality to the latest version of its system Loan Quality Connect.

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Loans Mortgages Construction Finance 431

Real Estate News

MARCH 1, 2024

A Realtor.com survey of new home buyers reveals who is buying and what they want from real estate agents — their advocates in the purchase process.

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New Construction Construction Agents 268

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Agents

Housing Wire

MARCH 1, 2024

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business. Loan officer Derek Daniel Bobadilla and the class members represented by Johnson & Johnson LLP claimed that they have never worked with Loan Factory, but the lender displayed their loan officer profiles on the “Find a Loan Officer” page of its website

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Loans Loan Officer Commercial Brokerage 419

Real Estate News

MARCH 1, 2024

CoreLogic promotes Kevin Greene to real estate GM; BHGRE appoints Karrie-Ann Sheppard as VP of Learning; Realtracs creates 3-member advisory board.

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Inman

MARCH 1, 2024

In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they're predicting prices will go up by 3.8 percent.

Mortgages 182

Mortgages Marketing 182

Housing Wire

MARCH 1, 2024

It is no secret that there is a housing affordability challenge in the U.S. According to the National Association of Realtors ’ (NAR) Housing Affordability Index , since spring of last year, a typical family with a median income have not been able to afford a median-priced home. While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry.

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Title Title search Industrial Closing costs 399

Inman

MARCH 1, 2024

Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac.

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Banks Commercial Loans Mortgages 177

Housing Wire

MARCH 1, 2024

In a fiercely competitive market , mortgage originators need to rethink everything to gain market share and become savvy. From leveraging the latest in artificial intelligence (AI) and digital marketing to mastering financial literacy, mortgage and real estate professionals have come together to provide these skills to loan officers in a new book titled, “Rethink Everything: You ‘Know’ About Being A Next-Gen Loan Officer.

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Loan Officer Loans Marketing Title 395

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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

Inman

MARCH 1, 2024

Compass has recruited New York-based brokers Tom Postilio and Mickey Conlon. Meanwhile, eXp added Calgary-based Sahil Chhabra and his team to its ranks.

Brokerage 180

Brokerage Industrial 180

Housing Wire

MARCH 1, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. This securitization marked Kiavi’s 16th such transaction and elevated the company’s total issuance to more than $4 billion since it launched its securitization program in 2019

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Closing Investor Principal Residential 390

Inman

MARCH 1, 2024

The Federal Reserve's moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year.

Mortgages 176

Mortgages Marketing 176

Housing Wire

MARCH 1, 2024

Thomas Cangemi is stepping down as president and CEO of New York Community Bancorp (NYCB) following the company’s disclosure of internal control deficiencies and a goodwill impairment of $2.4 billion. Alessandro DiNello, appointed executive chairman of the board on Feb. 6, will replace Cangemi, effective immediately. DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB.

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Banks Loans Commercial Mortgages 382

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Sales

Inman

MARCH 1, 2024

ERA Real Estate President Alex Vidal writes that agents are the true heroes in real estate. Leaders need to understand that and support them if they want to get better results.

Agents 160

Agents Brokerage 160

Housing Wire

MARCH 1, 2024

Compass has added two top New York City agents, Tom Postilio and Mickey Conlon, to its roster, the company announced on Thursday. The pair joined Compass after spending almost nine years at Douglas Elliman , where they were founding members of the sports and entertainment division. Postilio and Conlon are known for their roles on Page Six TV’s “Billion Dollar Brokers” and on HGTV’s “Selling New York.” They boast a celebrity clientele. “We look forward to

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Agents Industrial Closing Sales 380

Inman

MARCH 1, 2024

The accessory dwelling unit startup launched in 2022 by an Airbnb cofounder announced this week that it is taking its manufacturing operations in-house.

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Marketing 173

Housing Wire

MARCH 1, 2024

After attorneys made their cases for both the U.S. government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. The final amount will be determined by the trial judge. The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank an

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Banks Bankruptcy Commercial Equity 376

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

Inman

MARCH 1, 2024

Two new cast members make their entrance in Season 2 of "Selling the Hamptons," which premieres on Max on Friday. Season 1 vets Bianca D'Alessio and Peggy Zabakolas told Inman the newbies are ready to ruffle some feathers.

Brokerage 148

Brokerage Agents 148

RIS Media

MARCH 1, 2024

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint. Close to two in five of agents’ clients offered credit for needed repairs that were discovered during… The post Survey Finds Seller Concessions Are Making a Comeback in Some Markets appeared first on RISMedia.

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Seller concession MLS Marketing Agents 123

Inman

MARCH 1, 2024

The Consumer Federation of America, an industry watchdog, says that the buyer agreements you're depending on are woefully inadequate to properly protect homebuyers.

Industrial 151

Industrial Brokerage Agents 151

Eye on Housing

MARCH 1, 2024

Over the past decade, use of the term “barndominium” (indicating a structure that is, in some sense, a combination barn and condominium) has become increasingly widespread in real estate media outlets. In fact, the term has become popular enough for NAHB to include a question about it in its survey for the February 2024 NAHB/Wells Fargo Housing Market Index.

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Marketing 122

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

Inman

MARCH 1, 2024

Agents should embrace client-centric approaches that include making their marketing materials about the client, trainer Bernice Ross writes.

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Marketing Agents Branding 163

RIS Media

MARCH 1, 2024

California-based Loan Factory and its CEO Thuan Nguyen are in hot water over allegedly using competitors’ names, photos and likenesses who had no affiliation with the company to attract business, according to a new class-action lawsuit filed Thursday in a California court. This news was first reported by National Mortgage Professional. Loan Factory is accused… The post Class-Action Lawsuit Alleges Loan Factory’s Misuse of Personal Information for Business Gain appeared first on RISMedia.

Loans 117

Loans Mortgages Lending Finance 117

Inman

MARCH 1, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 144

Brokerage Agents 144

RIS Media

MARCH 1, 2024

Above, REW CEO Morgan Carey Imagine if your CRM could tell you exactly which sources are providing the best return on investment, and which ones aren’t. Imagine a true measurement of each of your marketing channels that calculates the return on your marketing spend all the way through from the first dollar spent to how… The post A CRM and TM System to Measure True ROI (and Everything Else) appeared first on RISMedia.

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Marketing Industrial 112

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Agents

Inman

MARCH 1, 2024

In a market where agents must be expense-averse, Jimmy Burgess writes, generating leads that only have an expense if money comes in can make a lot of sense.

Agents 139

Agents Marketing Branding 139

RIS Media

MARCH 1, 2024

Better Homes and Gardens Real Estate LLC has announced the appointment of Karrie-Ann Sheppard as vice president of learning. In her new role as VP of Learning, BHGRE stated that Sheppard will focus on creating and implementing strategic initiatives to foster the growth of agents and brokers within the Better Homes and Gardens Real Estate®… The post Better Homes and Gardens Real Estate Names VP of Learning appeared first on RISMedia.

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Agents Industrial 114

Inman

MARCH 1, 2024

Change always brings chaos and disruption, broker Cara Ameer writes. While many of these issues have been lurking in the background before we knew what Sitzer | Burnett was, they illustrate the work that remains to be done.

MLS 135

MLS Brokerage Agents 135

RIS Media

MARCH 1, 2024

Another commission lawsuit is facing the National Association of REALTORS® (NAR), this time including Redfin and the California Association of REALTORS® (CAR). Referred to as the Freedlund suit, brought by sole Plaintiff Andrea Freedlund, the case, filed Tues., Feb. 26 in U.S. District Court in the Central District of California, alleges—yet again—that defendants conspired to… The post Redfin and NAR the Target of Yet Another Commission Suit appeared first on RISMedia.

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As-is MLS Industrial Agents 109

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