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First American cybersecurity attack disrupts closings over holidays

Housing Wire

The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations. One buyer commented: “We wired in full payment for a home that was supposed to close last week. 20 cybersecurity incident.

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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. My guess is we’ll do 10 or 11 deals this year in the $5.5

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Zillow shuts down Closing Services

Housing Wire

The real estate listing giant announced on Monday that it is sunsetting its title and escrow provider, Zillow Closing Services. Zillow Closing Services had been operational in an undisclosed number of markets nationwide, with the Zillow “ enhanced markets ” of Raleigh, Denver, Atlanta, Phoenix, Durham and Charlotte as its primary markets.

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How long is a listing flagged as Closed?

Realtors Property Resource

Find out when a listing moves from Closed to Off-market. The post How long is a listing flagged as Closed? appeared first on Realtors Property Resource (RPR).

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Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

In order to succeed in today’s fast-paced, seller’s market, realtors must truly understand what Millennial buyers want most from their realtor, know how to connect with potential buyers online, and provide value in new ways to close sales on autopilot. The #1 Reason Most Millennial Viewers on Social Media Never Turn Into Closed Sales.

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eXp enters affiliated business agreement with Citrus Closing Group

Housing Wire

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We Citrus Closing Group serves clients in the Florida counties of Lake Seminole, Osceola, Orange, and Brevard.

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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. But experts also say the situation is not as bad as the one experienced during the COVID-19 pandemic.