RIS Media
MAY 11, 2022
Mortgage credit availability decreased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. Key stats: The MCAI fell by 3.2% to 121.1 in April. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.
Housing Wire
MAY 11, 2022
Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year. The Market Composite Index, a measure of loan application volume, rose 2 percent on a seasonally adjusted basis for the week ending May 6, from the previous week, according to the Mortgage Bankers Association. Conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) purchase loan application volume led the gain in mortgage application volume
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Keeping Current Matters
MAY 11, 2022
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs.
Housing Wire
MAY 11, 2022
With the strange mix of market dynamics in real estate right now, it can be challenging to predict when the market will cool off based on the usual seasonal patterns. On the one hand, interest rates have spiked to their highest point in years, which should be dampening demand. On the other hand, inventory is still near record lows, and there is so much pent-up demand and cash ready to deploy that we are still hitting new record home prices each week.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Lighter Side of Real Estate
MAY 11, 2022
If you’ve been considering buying a house — or if you’re actually in the process — you’ve probably heard two things quite a bit lately: Interest rates are on the rise. They’re still historically low. Yes, they are still historically low, but that doesn’t change the fact that they’re higher than if you’d just bought a house a little while ago. Kind of painful to hear, huh?
Housing Wire
MAY 11, 2022
In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. To do that it relies on the two words sellers increasingly want to hear: “All cash.” But how does an all-cash offer benefit a mortgage lender? Dubbed the “Homepoint Cash Compete,” the fintech platform provides home shoppers with the cash needed to compete with investors and other more attractive
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 11, 2022
Texas-based multichannel lender Caliber Home Loans is accusing Ohio-based CrossCountry Mortgage of executing an “illegal scheme of unfair competition” by targeting its employees, stealing trade secrets and diverting customers. The accusations are part of a lawsuit filed in May in the U.S. District Court for the Western District of Washington in Seattle.
Fancy Pants Homes
MAY 11, 2022
In the picturesque, tree-lined Rustic Canyon neighborhood of Pacific Palisades , Los Angeles sits an architectural gem that makes the most out of its ideal location. Dubbed ‘the Modern Tree House’, the midcentury modern abode comes with light-filled interiors, mesmerizing views of its lush surroundings, and a distinctive design. Envisioned by lauded architect David Hyun — best known for designing the Japanese Village Plaza, which transformed Little Tokyo in Los Angeles from an
Housing Wire
MAY 11, 2022
Title insurers big and small can’t seem to escape rapidly deflating refinance volume, but Fidelity National Financial still pulled out the second-best quarter ever for title revenue in Q1 2022. Fidelity ‘s title sector saw the number of refinance orders opened per day during the first quarter of 2022 drop by 57% compared to Q1 2021. The number of purchase orders opened per day dropped 1% year over year, while the number of commercial orders opened per day rose 6% compared to a year p
The American Genius for Real Estate
MAY 11, 2022
After two rounds of layoffs, a restructure to join MLSs, and swirling rumors regarding leadership, staffers tell us the company has crumbled. The post Has REX Homes finally ceased operations? appeared first on The American Genius Real Estate.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Housing Wire
MAY 11, 2022
Qualia Connect. Qualia Connect enables lenders to deliver better borrower experiences by giving them control and transparency over the title & escrow process. With Qualia, you can now move loans through the title process faster by automating otherwise manual steps such as order placement as well as standard requests for documents and information.
Eye on Housing
MAY 11, 2022
Consumer prices increased at a somewhat slower pace in April, the smallest monthly increase since August 2021, though inflation remains near a 40-year high. The food at home and shelter index rose at their fastest pace since November 1980 and April 1991. Though gas prices have fallen from their March highs, the pace of inflation will likely stay high in.
Housing Wire
MAY 11, 2022
BeSmartee Mortgage Marketplace. Lenders can leverage BeSmartee’s Mortgage Marketplace to solve for automation challenges by providing anonymous rate search tools for their loan officers, increasing online application conversion rates and offering borrowers an easier, faster and more transparent mortgage experience. Product Fast Facts. #1. The borrower can get live rates before they fill out the application. #2.
The Mortgage Report
MAY 11, 2022
Everything you need to know as a Kansas first-time home buyer, from home prices to loan options and down payment assistance.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
MAY 11, 2022
After record-breaking volumes in 2020 and 2021, lenders are now feeling a pinch once again. As profit margins tighten, lending professionals are seeking out solutions to increase efficiencies wherever possible. HousingWire Content Solutions Managing Editor Maleesa Smith had the chance to talk with Bob Jennings, executive of underwriting solutions for CoreLogic, who shared what lenders should prioritize in this environment.
Maximum Exposure Real Estate
MAY 11, 2022
Container homes are becoming more and more popular. Many people want to know how much a container home costs. There are many reasons why people are building shipping container homes. These homes can be inexpensive to create and provide a comfortable living space while being portable. The architecture of the building is unique and appeals […]. The post What Will Building a Container Home Cost?
Housing Wire
MAY 11, 2022
Customer Intelligence. Customer Intelligence is the only all-in-one sales and marketing platform purpose built for modern lenders and banks. Key customer insights trigger customizable workflows, allowing lenders to take action with messaging based on a customers unique financial situation at that moment in time, allowing you to deliver the right message, to the right customer, at the right time.
The Mortgage Report
MAY 11, 2022
Today’s mortgage and refinance rates Average mortgage rates fell again yesterday, bringing worthwhile gains that were similar to Monday’s. You now have to go back to the final days of […].
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Housing Wire
MAY 11, 2022
Accounting Automation. CoreLogic Complete Collateral technology platforms include a comprehensive accounting automation solution designed to streamline the borrower’s experience and improve relationships with appraisers. By eliminating distractions in your collateral-related accounting process, your lending organization can spend less on invoice processing, avoid accounts payable overhead, and simplify tax record management.
Eye on Housing
MAY 11, 2022
Per the Mortgage Bankers Association’s (MBA) latest month’s surveys (the week ending May 6), the 30-year fixed-rate mortgage (FRM) rate rapidly grew to 5.53%, marking the steepest interest rate increase on record. The Market Composite Index, a measure of mortgage loan application volume, increased by 2% on a seasonally adjusted basis from one week earlier, despite a general downward trend. .
Housing Wire
MAY 11, 2022
Total eClose with AutoPrep solution. Total eClose has everything you need for a paperless eMortgage in one, comprehensive, eClosing solution. Via our AutoPrep solution, we can absorb data and documents, from any source and in any format, and e-enable those documents for eSignature, eDelivery, and other digital processes. AutoPrep opens the door to an efficient, end-to-end eClosing workflow.
Realty Biz
MAY 11, 2022
Smart home technologies are revolutionizing real estate. According to a recent study, about 69% of U.S. households have a smart home device. Out of the 83 million households with smart devices, 22 million homes have more than one smart home gadget. Homeowners are not the only people benefiting from smart home technologies. Realtors are also trying to capitalize on the emergence and development of this technology.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Real Trends
MAY 11, 2022
Fired man employee hiding behind box with personal items, layoff. REX Homes , which has claimed that a conspiracy between the National Association of Realtors and brokerages prevents true competition in real estate, is perhaps adding evidence to its own legal analysis. Last Friday, the brokerage that lets home sellers pay less than the 5-6% of the typical home sale price commission, announced over Zoom that the vast majority of its 180 workers would be laid off, according to phone interviews wit
Sotheby's International Real Estate
MAY 11, 2022
Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ?. McLean, Virginia | Mark Lowham, TTR Sotheby’s International Realty. Rugged granite cliffs and panoramic views of the Potomac River set the stage for this exceptional estate which has been described as one of the most beautiful homes on the East Coast.
RIS Media
MAY 11, 2022
After months of climbing to record heights, U.S. inflation has experienced a slight decline in April, according to recent reports from the U.S. Bureau of Labor Statistics (BLS). The agency released its consumer price index (CPI) summary on Wednesday morning, showing that inflation dipped slightly to 8.3% in April—down 0.3% from March’s 40-year highs.
The Close
MAY 11, 2022
With the tightest property inventory we’ve seen in decades, impactful real estate graphic design is no longer optional for Realtors. There are more agents than ever before competing for fewer listings and fewer deals. If a home seller’s choice comes down to you and another agent with superior graphic design skills, they’re going to win. Since we want all of you to win, we put together this comprehensive guide to the best tools and tips for expert-level real estate graphic design in 2022.
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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.
RIS Media
MAY 11, 2022
The runup on home prices and mortgage rates continues to weigh on the minds of aspiring homebuyers as buyer sentiment took another dip in the last month, according to recent data from Fannie Mae. The organization’s Home Purchase Sentiment Index (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.
Toronto Realty Blog
MAY 11, 2022
TorontoRealtyBlog. I can already hear the complaints about this blog post on the real estate Facebook groups. For the record, I’m not a part of any of these groups. Thousands of agents are, and there are some big groups! But I find them to be inherently negative, often in denial, and they often want to ignore market truths. Every so often, a colleague will say, “You should see what so-and-so said about you on this-that Facebook group!
RIS Media
MAY 11, 2022
Rocket Companies Inc., the parent of Rocket Mortgage and several other mortgage and finance companies, is reporting a $1 billion profit for Q1, an increase from $865 million from the previous quarter, but saw year-over-year losses from $2.77 billion in Q1 2021—admittedly not an ideal report for the lending giant but one they say they’re prepared to navigate.
Brownstoner
MAY 11, 2022
In the News Mayor Adams Aims to Build 30,000 Affordable Housing Units [NYDN] Park Slope's The Bagel Shop With Famed ‘Rainbow Bagel’ Closes [BK Paper] Brooklyn District First in City to Release Its Own Climate Plan [Gothamist] $27 Million Ida Fund for Immigrants Gives Less Than $2 Million [City Limits] Dave & Buster's at… Read More > The post Daily Links: Mayor Pledges to Create 30,000 Affordable Apartments a Year appeared first on Brownstoner.
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