Housing Wire

NOVEMBER 1, 2024

Today’s jobs report showed the lowest job-growth data for the year at 12,000. You would think this would cause the 10-year yield and mortgage rates to go lower. At first, this did happen, but after more digestion of the data, not only did the bond market give up all the early morning gains, but it headed higher for the day, which confused many. So, I will give you my best explanation, but I need to show all the data that came out this week.

Mortgages 496

Mortgages Residential Construction Marketing 496

Inman

NOVEMBER 1, 2024

Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord.

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Property Management Marketing Technology 148

Housing Wire

NOVEMBER 1, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup.

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Agents Brokerage Purchase and sale agreement Commercial 421

Keeping Current Matters

NOVEMBER 1, 2024

Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.

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Marketing Mortgages 306

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

NOVEMBER 1, 2024

The National Reverse Mortgage Lenders Association (NRMLA) said this week that it has submitted comments to the U.S. Department of Housing and Urban Development (HUD) requesting that the agency, at minimum, align its cybersecurity reporting requirements with those of Ginnie Mae. Ideally, however, it wants the extension to be even longer. A draft Mortgagee Letter (ML) was posted Sept. 30 and is viewable on the Single Family Drafting Table , an online portal for proposed but not yet implemented HUD

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Banks Finance Development Mortgages 384

Housing Wire

NOVEMBER 1, 2024

In this week’s episode of the Power House podcast , host Diego Sanchez sits down with FirstTeam Real Estate CEO Michele Harrington for a provocative conversation about female empowerment, leadership in the real estate industry and recruitment strategies. This interview has been edited for length and clarity. The duo start the conversation by exploring Harrington’s path into the CEO’s role at FirstTeam.

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RIS Media

NOVEMBER 1, 2024

Legacy mega-franchisor RE/MAX reported a 3.4% drop in revenue and a 4.4% drop in agents across the U.S. and Canada, citing broader housing-market headwinds and an exodus of agents from the industry even as the company expects “positive momentum” heading into 2025. With a total of $78.5 million in revenue and a net decrease of… The post RE/MAX Sees Domestic Agent Count, Revenue Tick Down, but Touts Productivity appeared first on RISMedia.

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Housing Wire

NOVEMBER 1, 2024

The Consumer Financial Protection Bureau (CFPB) on Friday announced that it is seeking a settlement with Chicago-based Townstone Financial that would resolve a case over what the bureau calls “discriminatory lending practices and redlining African American neighborhoods in Chicago.” The proposed order would prohibit Townstone from taking any action that would violate the Equal Credit Opportunity Act (ECOA) and require Townstone to pay a penalty of $105,000 into the CFPB’s victims relief fund.

Lending 384

Lending Finance Mortgages 384

RIS Media

NOVEMBER 1, 2024

This time last year, Homes.com made big waves in residential real estate. The portal announced that it had achieved 100 million unique visitors to edge into the No. 2 spot behind Zillow. And that was before their massive marketing campaign kicked off. One year later, Homes.com has clocked a series of jaw-dropping milestones, further strengthening… The post November Cover Story: Moving Past the ‘Bad Internet’ appeared first on RISMedia.

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Residential Marketing Industrial Agents 119

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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.

Development

Housing Wire

NOVEMBER 1, 2024

HousingWire is excited to announce the honorees of this year’s Tech Trendsetters award. The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading inn

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Technology Title MLS Development 410

RIS Media

NOVEMBER 1, 2024

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced eight companies selected for its 2025 REACH Canada program. These firms operate within a diverse range of market segments and specializations, offering productivity and efficiency solutions for real estate professionals while addressing some of society’s growing housing challenges.

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Marketing Technology Industrial Agents 111

Housing Wire

NOVEMBER 1, 2024

In the newest episode of the HousingWire Daily podcast , host Sarah Wheeler sits down with Freddie Mac ’s Sonu Mittal — the agency’s senior vice president and head of single-family acquisitions — to explore its recently announced alternative to loan repurchases , as well as appraisal waivers and how they address lender pain points in 2024. This interview has been edited for length and clarity.

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Loans Principal Finance Closing 378

RIS Media

NOVEMBER 1, 2024

The November issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the Homes.com business model of “Your Listing, Your Lead,” and how it has taken agents’ business further than before. In addition , we look at United |VPR’s record growth, open… The post The November Issue of Real Estate Magazine Is Now Live appeared first on RISMedia.

Agents 111

Agents Development Industrial 111

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.

Industrial

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem. Jonathan Kearns, vice president of technology at MISMO, sat down with HousingWire ’s Reverse Mortgage Daily (RMD) at the MBA Annual Convention & Expo in Denver this

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Mortgages Technology Loan Officer Loans 377

Real Estate News

NOVEMBER 1, 2024

Numbers were down, but revenue declines slowed. Leadership painted a cautiously optimistic picture — and presented its point of view on Clear Cooperation.

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Housing Wire

NOVEMBER 1, 2024

With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. A survey from Zillow conducted between March and September of this year found that 45% of recent buyers — half of whom bought a home in the past year and the other half in the past two years — secured rates below 5%. This comes despite rising mortgage rates and a 115% increase in the typical mortgage payment compared to pre-pandemic levels.

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RIS Media

NOVEMBER 1, 2024

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – The Department of Justice (DOJ) filed a lawsuit against Rocket Mortgage and two separate appraisal firms in the U.S. District Court in Colorado, alleging that the firms participated in discriminatory practices that violate… The post Mortgage Mix: DOJ Sues Rocket Mortgage; GSEs Report Q3 Earnings appeared first on RISMedia.

Mortgages 111

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Brokerage

Housing Wire

NOVEMBER 1, 2024

Unfortunately for the Federal Reserve and voters looking for clarity ahead of next week’s presidential election , the October jobs report paints a murky picture of the nation’s economic status. Data released Friday by the U.S. Bureau of Labor Statistics (BLS) shows that 12,000 nonfarm payroll jobs were added in October, essentially unchanged month over month.

Construction 370

Construction Residential MLS Mortgages 370

Brownstoner

NOVEMBER 1, 2024

Our picks for open houses to check out this weekend are found in Fort Greene, Cobble Hill, Bedford Stuyvesant, and East Flatbush. They range in price from $675,000 to $5,699,999. 51 South Portland Avenue Price: $5,699,999 Area: Fort Greene Broker: Compass (Nichole Thompson-Adams) Saturday November 2, 12-1:30 p.m. See it here -> 35 Douglass Street Price: $4.7 million Area:… Read More > The post A Fort Greene Italianate and More to See, Starting at $675K appeared first on Brownstoner

Marketing 104

Marketing 104

Housing Wire

NOVEMBER 1, 2024

Deephaven Mortgage , a Charlotte-based lender focused on nonqualified mortgages (non-QM), has recently expanded its home equity offerings with a new closed-end second-lien product and the introduction of a home equity line of credit ( HELOC ). “Today’s second-lien market presents a significant opportunity,” said Tom Davis , Deephaven’s chief sales officer, in an interview during the Mortgage Bankers Association (MBA)’s Annual Convention & Expo in Denver this week.

Equity 380

Equity Debt-to-income ratio Mortgages Investor 380

RIS Media

NOVEMBER 1, 2024

Howard Hanna Real Estate Services (HHRES) has announced two significant mergers that will expand its market reach and reinforce its commitment to client service. In just two days, HHRES has welcomed two firms into Howard Hanna: Big Hill Realty in Dayton, Ohio, and The Alliance Group Realty in Hilton Head, South Carolina. HHRES stated that… The post Howard Hanna Real Estate Services Announces Two Strategic Acquisitions appeared first on RISMedia.

Marketing 106

Marketing Industrial Agents 106

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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.

Agents

Inman

NOVEMBER 1, 2024

The proposed settlements seek to cover too many claims for too little money and let too many in the industry have a "free pass," more than a dozen homesellers argued ahead of a Nov. 26 decision.

Industrial 178

Industrial Brokerage Agents 178

Eye on Housing

NOVEMBER 1, 2024

Private residential construction spending inched up 0.2% in September, according to the Census Construction Spending data. The September report shows a 4.1% rise compared to a year ago. The monthly increase in total private construction spending for September was largely due to more spending on single-family construction. Spending on single-family construction rose by 0.4%.

Construction 72

Construction Residential 72

Inman

NOVEMBER 1, 2024

The allegations launched by two former employees claim that closing statements had been altered to bump up agent commissions, with a particular bias in favor of the Altman Brothers team.

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Closing Agents Brokerage 167

BAM Media

NOVEMBER 1, 2024

“Proof over promise.” That phrase from Sharran Srivatsaa ’s keynote at BAM Mania struck a chord with me. And I’ve been trying to weave it into every part of my business. Today, I want to share how we took that idea and transformed a typical “in escrow” post into something much more impactful—a carousel post that tells the full story of how we secured an escrow.

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Staging As-is Agents Industrial 52

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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.

Agents

Inman

NOVEMBER 1, 2024

Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion.

Loans 167

Loans Mortgages Finance Industrial 167

Marco Santarelli

NOVEMBER 1, 2024

The question of whether housing will become more affordable if the market crashes in 2025 is a complex one, with various factors influencing the potential outcome. A market crash can indeed lead to a decrease in housing prices , as seen historically , but the extent and duration of such a decrease depend on the underlying economic conditions, the reasons for the market downturn, and the response from policymakers.

Marketing 52

Marketing Investor Mortgages As-is 52

Inman

NOVEMBER 1, 2024

Investing time and effort into community involvement, The Agency's Rainy Hake Austin writes, is a powerful strategy for personal branding in luxury real estate.

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Branding Brokerage Agents Marketing 167