Housing Wire

APRIL 12, 2024

There is little evidence so far that AI can fundamentally transform our industry in the next 5-10 years — there are too many structural and regulatory impediments for that to be the case,” they wrote. “I And it can fundamentally change the origination and servicing processes.

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Housing Wire

MARCH 15, 2024

Consequently, mortgage industry executives believe buyers will pay agents out of pocket or ask sellers to pay their agent fees through concessions. Kevin Leibowitz, CEO of broker shop Grayton Mortgage, expects that “commissions will get squeezed,” and some buyers’ agents will exit the industry. LOs on average get about 1%.)

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Housing Wire

MARCH 18, 2024

Like Danzey, Edgerton has heard many concerns from agents across the industry, much of which has been centered around the timeline laid out in the settlement. Everyone in the industry has experience with negotiation and is pretty good at it, but there are new and different pathways opening up for negotiation.

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Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. Almost any time in history the U.S.

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Industrial MLS Brokerage Agents 439

Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. As an industry, we united against these unfair fee agreements.

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Housing Wire

FEBRUARY 26, 2024

I am honored to be considered for this role. (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement. Greene will report to Devi Mateti, president of the enterprise digital solutions team. “I

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Housing Wire

MARCH 8, 2024

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings. Soham Bhonsle, an analyst at BTIG, shares a similar outlook.

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Housing Wire

SEPTEMBER 12, 2023

MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s Compliance and Risk Management Conference this week in Washington, D.C.

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Housing Wire

OCTOBER 5, 2023

We’re absolutely thrilled to welcome an industry veteran back into the Compass fold. . “We’re seeing a lot of real estate professionals return to Compass after a short stint away,” Kevin Patsel, Compass’ regional vice president for Northern California, said in a statement.

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Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Housing Wire

SEPTEMBER 26, 2023

Plunk , an AI-powered home analytics platform, has partnered with two real estate industry marketing companies, Union Street Media and Realforce , to scale its real-time data and analytics across multiple digital channels. Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities.

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Industrial Marketing Technology Brokerage 385

Housing Wire

NOVEMBER 6, 2023

Patricia “Patti” Cook , who broke the glass ceiling in the mortgage industry during a successful 45-year career , died on Friday at her home in New York. She was 70 years old. Cook retired as CEO of Finance of America in June 2022 to focus on her health.

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Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Mr. Cooper Group , loanDepot , First American and Fidelity National Financial Inc.

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Industrial Mortgages Investor Technology 391

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Industrial Banks Residential Lending 320

Housing Wire

MARCH 20, 2024

Reserved outlook In contrast to the upbeat mood that mortgage professionals showed back in December when the Fed first signaled interest rate cuts for 2024, the industry doesn’t expect a meaningful impact on production volume despite the three rate cuts expected for this year.

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Housing Wire

APRIL 17, 2023

Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Innovation should be encouraged across the real estate industry.

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Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If Industry professionals are also anticipating changes in the types of joint ventures and affiliated business agreements (ABAs) populating the title space.

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Title Industrial Purchase and sale agreement Agents 394

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI.

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Housing Wire

MARCH 25, 2021

The private mortgage insurance industry also supported $600 billion in mortgage originations. The mortgage insurance industry also updated its guides and processes to align with the Federal Housing Finance Agency (FHFA) and the GSEs’ policies to implement nationwide forbearance programs. The result was approximately $1.3

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Industrial Mortgages FHA loan Finance 544

Housing Wire

FEBRUARY 24, 2023

It is crunch time in the housing industry. Whether you’ve been affected by industry layoffs or you’re future-proofing your career, applying for new positions and interviewing can be daunting. This is especially true for former housing industry professionals who were in the game for many years before finding themselves on the job hunt.

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Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. No platform was completely successful in achieving this goal.

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Real Estate News

JANUARY 24, 2024

The best way to protect consumers and raise the bar for the entire industry? Require buyer agency agreements across the board.

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Industrial 286

Housing Wire

AUGUST 9, 2022

Not many would count the title industry among the economy’s technology leaders. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies. In fact, many title agents will proudly tell you that ours is a “traditional” industry. A tipping point?

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Housing Wire

JANUARY 18, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jim Butler, chief technology officer at Stavvy , to talk about moving real estate from paper to a digital transaction, how the company is using AI, and the vibe you get working with industry experts. JB: What we’re doing today with AI is more horizonal than industry specific.

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Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The industry would need to see a more persistent mortgage rate decline to near 6% for a more meaningful pickup in prepayment speeds, the note said.

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Industrial Mortgages Loans Banks 369

Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me.

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Industrial Mortgages Loans Lending 434

Housing Wire

OCTOBER 31, 2023

billion in damages, many questions still remain about what this means for the real estate industry, as the defendants still await Judge Stephen Bough’s final judgment. It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates.

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Industrial Design Agents Brokerage 459

Housing Wire

SEPTEMBER 6, 2023

Despite the economic headwinds, the title industry remains strong, according to Fitch Ratings’ title industry September 2023 Peer Review. Fidelity recorded the largest market share at 29%, followed by First American at 26%, Old Republic at 16% and Stewart at 11%.

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Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. Mortgage industry trade groups such as the MBA say the new deadline helps, but it doesn’t fix an unworkable problem that represents both a logistical nightmare and also confusion to the customer.

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Industrial Mortgages Loans Closing 419

Housing Wire

JANUARY 25, 2024

When asked if a P&G-like approach that more regularly makes use of traditional market research tools could benefit the reverse mortgage industry, he agreed. FOA and AAG have certainly made use of market research in the past, but I think as an industry more broadly, we need to go deeper,” he said.

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Industrial Mortgages Marketing Finance 354

Real Estate News

APRIL 1, 2024

The CEO of NextHome, founder of Rayse and co-host of an “unfiltered’ podcast isn’t shy about sharing his thoughts on the agent value prop, tech and NAR.

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Industrial Agents 283

Housing Wire

JANUARY 23, 2024

Real estate marketplace Xome appointed Michael Jansta to the position of chief operating officer, the company announced Monday. In his new position, Jansta will oversee key aspects of Xome’s operations, including auction, default servicing and quality assurance.

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Industrial Title MLS Technology 383

Housing Wire

OCTOBER 4, 2022

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. Total operating income for the industry was down 4.2% During Q2 2022, ALTA recorded $6.21

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Housing Wire

JUNE 30, 2022

As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. title insurance industry’s risk-adjusted industry capital declined, however, overall it remained supportive of ratings at the close of 2021.

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Housing Wire

DECEMBER 9, 2021

During Q3 2021, the title insurance industry generated $6.8 billion in title insurance premium, marking the industry’s best quarter on record. Total operating income for the industry was up 53.3% The industry has paid out $352.5 The American Land Title Association saw a 32.5% year-over-year. Presented by: ServiceLink.

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Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. Meanwhile, Justin Woodward, a loan officer at American Pacific Mortgage and a newcomer to the mortgage industry, said that he anticipates cycles of boom and bust to impact the sector.

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Industrial Loan Officer Loans Mortgages 441