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DataDigest: Rosy economic news could prolong elevated rates

Housing Wire

The cold water comes in the form of the Fed continuing its presently high federal funds rate, which indirectly produces higher mortgage rates. They signal that economy is still running hot — or at least more than lukewarm — and that inflation may still need more cold water from the Federal Reserve to slow down.

Mortgages 436
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HousingWire journalist wins prestigious data journalism award 

Housing Wire

He used academic studies, company presentations and lobbying data that were complemented by charting skills.” The series focused on three core trends in the 2023 real estate market, and included analysis on buyer agent commissions , iBuyer performance in a declining market , and analysis of NAR’s lobbying efforts and impact.

Staging 418
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Comerica Bank to ‘organically exit’ warehouse lending

Housing Wire

The process of exiting the space, which is expected to be largely complete by year-end, is a “strategic action” to enhance Comerica’s core business focus, according to a bank’s presentation during a Morgan Stanley conference on Tuesday. Inside Mortgage Finance (IMF) first reported on the topic.

Banks 365
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Opinion: Defendants have solid case for appeal in Sitzer

Housing Wire

No evidence of collusion First, according to the filings, the plaintiffs in the case presented no evidence at trial as to any collusion or conspiracy among the defendants. There was no evidence presented at the trial that excludes the possibility of independent action by any of the defendants. At least at the Federal level, the U.S.

MLS 411
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The influencer’s edge: Thriving in real estate during times of change

Housing Wire

In this environment, those who stay engaged in core sales activities, unswayed by the chaos, will not just survive but thrive. Presentation skills: A gateway to higher conversion rates Presentation skills are another crucial element. Storytelling within sales presentations is proven to significantly improve conversion rates.

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Commission lawsuits spread to Manhattan

Housing Wire

8, 2019, and the present. The lawsuit is seeking class action status, with the proposed class including Manhattan home sellers who worked with an agent from one of the defendants between Nov. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves.

Brokerage 469
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Texas Capital Bank objects to DOJ motion to halt discovery in Ginnie Mae case

Housing Wire

First, there is no present burden related to depositions as none have been noticed in this case yet,” TCB attorneys wrote. But even if there were, such requests would not be overly burdensome, they said.

Banks 405