Housing Wire

JUNE 12, 2024

Should we be concerned about the number of homeowners who are underwater on their homes? Recent data from Attom showed that 1 out of every 37 homes were severely underwater, something I talked about on CNBC recently , but CoreLogic data provides a reality check on this topic. Let’s dig in. One of the most alarming aspects of the housing bubble crash was the staggering number of Americans who were underwater on their homes.

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Keeping Current Matters

JUNE 12, 2024

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify.

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Housing Wire

JUNE 12, 2024

Today’s double event of the CPI inflation report and the Fed meeting gave us something that I have been waiting for: a hint from Fed Chairman Jay Powell that the labor market has softened. Today he acknowledged what I have been talking about for months: the Fed’s key data lines are at pre-COVID-19 levels today. Before the Fed held its press conference, we got a softer-than-anticipated CPI report, which sent the 10-year yield (and mortgage rates ) lower at first.

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Real Estate News

JUNE 12, 2024

Compass, eXp, Redfin, Weichert, United Real Estate and Hanna among remaining defendants in Batton 2 case; a smaller case moves closer to a settlement.

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Housing Wire

JUNE 12, 2024

Fast-growing real estate firm The Real Brokerage announced the launch of its Real Partners program on Wednesday. Real Partners is a group of preferred vendors, tools and services for Real agents to utilize. “Our mission at Real is to provide our agents and teams with a platform of possibilities from which to reach their full potential,” Real President Sharran Srivatsaa said in a statement.

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Real Estate News

JUNE 12, 2024

The Federal Reserve left rates unchanged despite some easing of inflation, but signaled that more cuts are likely next year.

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Real Estate News

JUNE 12, 2024

Roof Pro launched its GPT integration this week after the company took the time to establish safeguards necessary for the real estate industry.

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Housing Wire

JUNE 12, 2024

The Federal Reserve has some positive news about inflation as it heads into its June meeting on Wednesday afternoon. The Consumer Price Index cooled slightly in May, with the all items index posting a 3.3% annual increase before seasonal adjustment, according to data released Wednesday by the Bureau of Labor Statistics (BLS). This is down from a 3.4% annual increase in April.

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MLS Mortgages As-is Finance 446

Inman

JUNE 12, 2024

MLS PIN on Monday urged a district court to reject the Department of Justice's arguments against a settlement with homeseller plaintiffs in the Nosalek antitrust commission case.

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Housing Wire

JUNE 12, 2024

Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the newest U.S. mortgage originations outlook from financial services forecasting and advisory company iEmergent. Based on 2023 Home Mortgage Disclosure Act (HMDA) data, the iEmergent analysis predicts that purchase mortgage volume will rise by roughly 9% in 2024 compared to las

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Inman

JUNE 12, 2024

Policymakers now envision making just one rate cut this year, but investors who fund most mortgages are still betting the central bank will change its tune if inflation continues to ease.

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Housing Wire

JUNE 12, 2024

Mortgage applications shot up 15.6% from one week earlier , according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending June 7. On an unadjusted basis, the market composite index increased 26% compared with the previous week. The refinance index increased 28% from the previous week and was also 28% higher than the same week one year ago.

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Mortgages Fixed-rate mortgage Loans Marketing 454

Inman

JUNE 12, 2024

A new company called Gitcha has launched which prioritizes an active buyer's needs in the same way a portal advertises available listings. It’s active in the greater Phoenix MSA, including Scottsdale.

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Housing Wire

JUNE 12, 2024

The Mortgage Bankers Association (MBA) on Wednesday announced that Owen Lee, CEO at Success Mortgage Partners (SMP), has been nominated to serve as the association’s vice chairman for the forthcoming 2025 membership year. Lee’s nomination was announced by Mark Jones, the 2024 MBA chairman and president of Union Home Mortgage , who describing Lee as “an exemplary leader and prominent voice in the real estate finance industry.

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Inman

JUNE 12, 2024

REBNY members on Wednesday demonstrated against the FARE Act, a bill that would require rental property owners to cover the cost of broker fees, rather than pass them off on tenants.

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Housing Wire

JUNE 12, 2024

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. Department of Veterans Affairs (VA) has contributed $3.9 trillion to the national economy since its inception near the end of World War II. The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22.

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Inman

JUNE 12, 2024

Rates have returned to last week's levels, when applications for purchase loans leapt by 9 percent from the week before, and refi applications surged by 28 percent.

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Housing Wire

JUNE 12, 2024

Home equity solutions and sale-leaseback platform EasyKnock announced a partnership on Tuesday with financial fitness and homeownership platform FinLocker that will make FinLocker’s tools available free of charge to EasyKnock customers. The FinLocker app includes a “personalized suite of tools“ designed to help consumers improve their financial health, the company explained in its announcement.

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Inman

JUNE 12, 2024

The conservative talk show host put the property on the market in May, and it went under contract within one week after receiving four offers. A fan reportedly purchased the home, as well as its furniture and books from the library.

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Housing Wire

JUNE 12, 2024

The Federal Housing Finance Agency (FHFA) this week issued a public request for information for plans submitted by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program that aims to serve underserved markets from 2025 through 2027. Established by the Housing and Economic Recovery Act (HERA) of 2008, the DTS plans for underserved markets encompass three primary areas: manufactured housing, affordable housing preservation and rural housing.

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Marketing Finance Residential Mortgages 422

Inman

JUNE 12, 2024

With widely divergent views around the posting of cooperative compensation, what's your plan for talking about commissions?

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Brokerage Agents 172

Housing Wire

JUNE 12, 2024

A mayor in a region of New Zealand, who recently suggested using reverse mortgages to fund various cost-of-living increases faced by the nation’s retirees, is pushing back against the backlash his comments created. Tim Cadogan, who serves as mayor of the Central Otago district in south central New Zealand, recently fielded a question from a constituent about rising rates that are akin to U.S. property taxes.

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Brownstoner

JUNE 12, 2024

More than 30 years after the city’s landmarking body first considered preserving a historic section of Willoughby Avenue and Hart Street in Bed Stuy, residents -- some whose brownstones have been in their family for five generations -- were able to share at a public hearing why they are calling… Read More > The post Bed Stuy Homeowners Call on LPC to Preserve Historic Brownstone Blocks appeared first on Brownstoner.

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Housing Wire

JUNE 12, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , has launched a blockchain-based marketplace to connect buyers and sellers of private credit loans, promising to reduce settlement timelines and create greater pricing certainty. The launch, announced on Wednesday, comes less than two months after Figure named tech veteran Michael Tannenbaum — who led fintech company Brex for seven years — as its new CEO.

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Inman

JUNE 12, 2024

Local Logic, the community and market insights marketing solution, will be working with Lundy, an AI-derived voice search option for the visually impaired.

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Marketing Technology 152

Housing Wire

JUNE 12, 2024

Douglas Elliman is joining Howard Hanna and HomeServices of America in being voluntarily dismissed from the Batton homebuyer commission lawsuits. In their notice filed on Tuesday, the Batton plaintiffs stated that that their claims were dismissed without prejudice, noting that the ”dismissal is proper because Douglas Elliman Inc. has not yet served either an answer or a motion for summary judgment.

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Bigger Pockets

JUNE 12, 2024

This article is presented by DealMachine. Read our editorial guidelines for more information. A well-built, up-to-date lead list is an essential component of success in real estate investing.

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Investor 121

Housing Wire

JUNE 12, 2024

Lawyers for the U.S. government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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RIS Media

JUNE 12, 2024

The Federal Reserve stood firm again, leaving its benchmark rate unchanged at its current 23-year high after the Fed’s two-day meeting concluded Wednesday. Meanwhile, the central bank signaled a more tepid approach to rate cuts this year than investors had hoped for. The Fed’s decision maintains the federal funds benchmark rate in the 5.25%-5.50% range… The post Fed Leaves Rates Unchanged Despite Slowing Inflation, Projects Only One Rate Cut in 2024 appeared first on RISMedia.

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Housing Wire

JUNE 12, 2024

Yes, calling something the “ultimate” anything is a bold move. It brings to mind those late-night infomercials with over-caffeinated hosts screaming about life-changing gadgets that always end up falling short. But when we say this is the Ultimate Resource Guide for title insurance professionals, we mean it! Whether you’re new to the field or a seasoned veteran, this guide is designed to be your one-stop shop for all you need to succeed.

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