Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The first is the ongoing impact of artificial intelligence (AI) tools, which if deployed effectively provide an opportunity for property managers to increase operational efficiency and unlock business intelligence. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties.

Property Management 392

Property Management Marketing Technology Branding 392

Real Estate News

JANUARY 30, 2024

Hale announces his retirement after more than 50 years with the organization. Plus, Corcoran hires Scott Mitchelson as global growth leader.

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Housing Wire

JANUARY 30, 2024

The U.S. housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year. This brought the nationwide tally up to 2,294, according to Down Payment Resource’s fourth-quarter Homeownership Program Index (HPI) report.

Closing costs 503

Closing costs Mortgages Investor Loans 503

Real Estate News

JANUARY 30, 2024

Prices improved 5.1% annually, the latest Case-Shiller report indicates, but a small dip between October and November ended a streak of monthly gains.

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Agents

Housing Wire

JANUARY 30, 2024

Nearly three in four baby boomers aren’t using resources that would help them achieve or maintain homeownership status, according to survey data released Tuesday by nonprofit group NeighborWorks America. About 10,000 Americans turn 65 each day and all boomers will reach that milestone by 2030, according to census data. But a significant portion of this generation remain renters and are utilizing homeownership tools less frequently than younger age groups.

Development 456

Development Loans Mortgages Closing 456

Real Estate News

JANUARY 30, 2024

Allegations of sexual misconduct tied to eXp "raised a huge red flag" for the NY comptroller's office, which has a financial stake in the company.

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Keeping Current Matters

JANUARY 30, 2024

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates.

Mortgages 262

Mortgages Closing 262

Housing Wire

JANUARY 30, 2024

Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Unlike traditional HELOCs that require a homeowner to have at least 20% equity in their home, Angel Oak’s HELOC qualifies borrowers based on trailing 12- or 24-month bank statements and provides a line of credit with no usage restrictions, the lender said.

Mortgages 439

Mortgages Equity Banks Loans 439

Inman

JANUARY 30, 2024

Millennials began reshaping multifamily housing in compelling ways, writes Michael Zaransky, and Gen Z promises to accelerate that change. Property managers must be ready.

Property Management 172

Property Management Investor Agents 172

Housing Wire

JANUARY 30, 2024

Home prices maintained considerable momentum in late 2023. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 5.1% annual gain in November, up from a 4.7% gain in October, according to the latest report. Meanwhile, the U.S. National Index and the 10-City Composite posted month-over-month increases of 0.2%, and the 20-City Composite posted a month-over-month increase of 0.1%, after seasonal adjustment.

Mortgages 428

Mortgages MLS Marketing Sales 428

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Loans

Inman

JANUARY 30, 2024

Volatile interest rates have trapped over 9 million homeowners from accessing their home equity, with limited refinancing or loan options. The white paper proposes sale-leaseback, highlighting EasyKnock's Sell & Stay program as a flexible solution, while fintech leaders explore broader alternatives for equitable housing finance.

Sales 166

Sales Equity Finance Loans 166

Housing Wire

JANUARY 30, 2024

Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks. “A record number of cybersecurity incidents against Seller/Servicers occurred in 2023,” the letter said.

Title 417

Title Industrial As-is Finance 417

Inman

JANUARY 30, 2024

Senior clients are looking for the best service possible, writes Rachael Hite. The more personal and authentic you are, the more they will appreciate you.

Agents 179

Agents Marketing 179

Housing Wire

JANUARY 30, 2024

Scott Mitchelson is joining The Corcoran Group as senior vice president of global development, the company announced on Tuesday. In his new role, Mitchelson will lead the expansion of the Corcoran brand both domestically and internationally while working closely with the Corcoran affiliate network’s existing sales team. Mitchelson will report directly to Stephanie Anton, president of Corcoran affiliates.

Development 410

Development Branding Brokerage Sales 410

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Sales

Inman

JANUARY 30, 2024

The $1 billion in career sales network, which Umphress first launched in 2012, operates in most major Colorado markets and Austin, but has goals of ultimately expanding nationwide. When Umphress first created the group, it was part of a Colorado Keller Williams franchise that he also owned.

Sales 164

Sales Marketing Brokerage Agents 164

Housing Wire

JANUARY 30, 2024

Attorneys for the U.S. Department of Justice (DOJ) have filed a motion in the U.S. District Court for the Northern District of Texas that aims to temporarily halt the evidence-gathering process in a lawsuit brought by Texas Capital Bank (TCB) against Ginnie Mae. This is according to court documents reviewed by RMD. The suit, filed in October over loans TCB made to now-bankrupt lender Reverse Mortgage Funding (RMF), recently saw the presiding magistrate judge impose deadlines on all pretrial proc

Banks 392

Banks Loans Equity Mortgages 392

Inman

JANUARY 30, 2024

NAR was dismissed without paying any money or making any rule changes, but The PLS says it can re-open the case if they don't come to a deal.

MLS 177

MLS 177

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast. But the MSR market also appears to be in the midst of a rebalancing act marked by the growth of third-party private capital and an overall consolidation of market players, according to so

Marketing 380

Marketing Principal Banks Loans 380

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

Inman

JANUARY 30, 2024

Moody's upgrades credit rating of "powerhouse in mortgage servicing" as it restructures the debt it uses to fund growth by issuing $1 billion in unsecured notes at 7.125 percent.

Mortgages 157

Mortgages Investor Industrial 157

Housing Wire

JANUARY 30, 2024

Cincinnati-based First Financial Bank has agreed to direct $2.4 billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. The initiative is part of a community benefits agreement with the National Community Reinvestment Coalition (NCRC) , the parties announced Tuesday.

Banks 373

Banks Mortgages Lending Loan Officer 373

Inman

JANUARY 30, 2024

Every agent and brokerage nationwide needs to strengthen their defenses against fraudulent transactions, new Inman contributor Michelle Dubé writes. Enhance the scrutiny in your processes, familiarize yourself with potential warning signs, and tap into available support.

Agents 156

Agents Brokerage Land 156

Housing Wire

JANUARY 30, 2024

Two Harbors Investment Corp. , a New York-based real estate investment trust, announced Tuesday its plan to launch a mortgage origination unit in the second quarter of 2024, less than a year after the company debuted in the servicing business by acquiring RoundPoint Mortgage Servicing Corp. in October 2023. But don’t expect the firm to compete with big players or grow extensively in originations.

Loans 370

Loans Mortgages Equity Development 370

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

Inman

JANUARY 30, 2024

In announcing the second Encompass deal this month, ICE cites investments in mortgage technology and data that automate and accelerate the lending process from start to finish.

Banks 153

Banks Mortgages Lending Technology 153

Housing Wire

JANUARY 30, 2024

Mr. Cooper Group announced Tuesday that its subsidiary, Nationstar Mortgage Holdings Inc. , is issuing $1 billion in senior notes. The resources are expected to repay a portion of the current balance of its mortgage servicing rights (MSR) facilities. Other mortgage companies have raised debt over the past six months, including Freedom Mortgage , PennyMac Mortgage Investment Trust and Pennymac Financial Services.

Mortgages 346

Mortgages Investor Closing Loans 346

Inman

JANUARY 30, 2024

In his latest Snapshot profile, Brandon Doyle talks to Zvi Band about his startup journey and his latest CRM, Relatable.

Technology 189

Technology Agents 189

Eye on Housing

JANUARY 30, 2024

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate declined to 65.7% in the last quarter of 2023, amid persistently tight housing supply and elevated mortgage interest rates. This is 0.3 percentage points lower from the third quarter reading (66%). Compared to the peak of 69.2% in 2004, the homeownership rate is 3.5 percentage points lower and.

Mortgages 126

Mortgages 126

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Agents

Inman

JANUARY 30, 2024

Home prices increased 5.1 percent between November 2022 and November 2023, despite falling 0.2 percent from October.

MLS 156

MLS Marketing 156

RIS Media

JANUARY 30, 2024

Above, Bob Hale, HAR president and CEO, co-moderates a panel with RISMedia Founder and CEO John Featherston at the 2023 CEO & Leadership Exchange Houston Association of REALTORS® (HAR) President and CEO Bob Hale, regarded as a titan in the U.S. residential real estate trade, has announced plans to retire in 2026, ending 52 years… The post Real Estate Icon Bob Hale Announces Retirement Plans; HAR Board Announces Successor appeared first on RISMedia.

Residential 122

Residential Industrial 122

Inman

JANUARY 30, 2024

CEO and new Inman Contributor Jillayne Schlicke explains how common phrases around financing and interest rates can land you and your business in hot water.

Land 132

Land Finance Banks Lending 132

RIS Media

JANUARY 30, 2024

Real estate brokerage leaders are once again bullish on housing and the economy in 2024, according to the newest Delta Real Estate Leadership Survey. The survey includes responses from more than 130 brokerage leaders representing firms collectively responsible for more than 65% of all home sales last year. Two in three (66%) leaders expect housing… The post Survey Reveals How Brokers Are Feeling About 2024 appeared first on RISMedia.

Brokerage 122

Brokerage Sales Industrial 122

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales