Housing Wire

AUGUST 9, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), was another mortgage lender that returned to profitability in the second quarter of 2023, just like its primary competitor Rocket Companies and the origination segments of Mr. Cooper and Pennymac. UWM’s performance was boosted by an increase in the fair value of mortgage servicing rights ( MSRs ) and higher origination volumes, despite lower margins from April to June, per documents filed with the Securities

As-is 370

As-is Principal Mortgages Loans 370

Real Estate News

AUGUST 9, 2023

Despite a net loss of just over $4M, the company increased revenue by 65% and reported EBITDA profits for the first time, while also doubling agent count.

Agents 229

Agents 229

Housing Wire

AUGUST 9, 2023

With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts. Mortgage payoff fraud occurs when a title company mistakenly sends a mortgage payoff to a fraudulent bank account after receiving wiring instructions that appear to be from the mortgage servicer. The instructions, however, are actually from fraudsters.

Mortgages 370

Mortgages Title Banks Technology 370

Real Estate News

AUGUST 9, 2023

A new analysis of federal data found that the racial home appraisal gap has narrowed since the formation of the PAVE task force.

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237

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Agents

Housing Wire

AUGUST 9, 2023

The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today. Those unwilling to embrace and adopt these cutting-edge tools will likely be left behind.

Agents 369

Agents Brokerage Technology Industrial 369

Keeping Current Matters

AUGUST 9, 2023

Buying a new construction home can be an exciting experience.

New Construction 216

New Construction Construction Agents 216

Inman

AUGUST 9, 2023

"There needs to be a little more respect" between real estate agents and loan officers, panelists Padi Goodspeed, Kathy Helbig-Strick and Katie Sweeney discussed at Inman Connect Las Vegas.

Loan Officer 148

Loan Officer Loans Agents Mortgages 148

Housing Wire

AUGUST 9, 2023

The last few years have been a proving ground for lenders in a major way. The market has swung from record-low mortgage rates and high purchase volumes to a refi boom to lower volumes and rate increases alongside inflation. Lenders have had to adapt quickly not only to the market conditions but to adjust their company culture to survive, implementing policies like remote work.

Mortgages 367

Mortgages As-is Marketing Closing 367

Inman

AUGUST 9, 2023

At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference.

Agents 147

Agents MLS Brokerage 147

Housing Wire

AUGUST 9, 2023

Despite a 18% annual decline in purchase title orders opened per day in Q2 2023, Fidelity National Financial executives believe housing demand remains strong. “We’ve seen solid sequential growth with residential purchase open orders per day up in both Q1 and Q2 and even holding strong in the month of July, which is not a typical since orders usually crest heading into the back half of the year,” Mike Nolan, Fidelity’s CEO, told investors and analysts on the firm’s second quarter earnings call We

Title 363

Title Residential Commercial Investor 363

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Loans

Inman

AUGUST 9, 2023

Deep into the nitty-gritty of what it's like to be a brokerage in this market, at CEO Connect - George Canciobello, Kymber Menkiti and moderator Clelia Peters talked what it takes to keep talent happy today.

Agents 147

Agents Brokerage Marketing 147

Housing Wire

AUGUST 9, 2023

Mortgage applications fell for the third consecutive week as the 30-year fixed mortgage rate rose to its highest level since November 2022 at 7.09%. For the week that ended August 4, mortgage applications fell 3.1% from the prior week , according to data from the Mortgage Bankers Association. Last week, treasury yields rates and mortgage rates rose.

Mortgages 355

Mortgages Fixed-rate mortgage Loans Sales 355

Inman

AUGUST 9, 2023

Judge Patti Saris, of the U.S. District Court in Massachusetts, said she "loved" the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs.

MLS 145

MLS 145

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 million net loss during the second quarter of 2023, but revenues shot up from a year ago. “During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. He described the second quarter as an inflection point for Real, as the company achieved adjusted EBITDA profitability earlier than anticipated.

Brokerage 337

Brokerage Agents Title Lending 337

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Sales

Inman

AUGUST 9, 2023

Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect.

Loan Officer 141

Loan Officer Loans Closing Mortgages 141

Maximum Exposure Real Estate

AUGUST 9, 2023

Are you wondering what not to fix when selling a house? Knowing what repairs and updates are worth your time and money is crucial when selling a house. Consulting with a real estate agent can provide valuable insights into prioritizing repairs and upgrades for maximum return on investment (ROI). We have covered what to fix […] The post Do Not Fix These Things When Selling a Home appeared first on Maximum Real Estate Exposure.

Agents 98

Agents 98

Inman

AUGUST 9, 2023

"This is not a time to stabilize. If you stabilize in a market like now you're going to fall behind. You have to grow," Redfin's Jason Aleem said at Inman Connect Las Vegas Wednesday.

Marketing 141

Marketing 141

Fancy Pants Homes

AUGUST 9, 2023

In the heart of Missouri, overlooking the idyllic Lake of the Ozarks, the Midwest’s premier lake resort destination, a spectacular turnkey home is looking for new owners. Inspired by the New England architecture style prevalent in Nantucket, MA, the 6,800+ square-foot home has rightfully been dubbed Nantucket Point and stands as the crown jewel of the Lake.

Sales 98

Sales Design As-is 98

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

AUGUST 9, 2023

At ICLV, the social media consultant offered a prescription for using AI and ChatGPT in your real estate business, from marketing to customer service to automated lead gen.

Marketing 142

Marketing Brokerage Technology Agents 142

RIS Media

AUGUST 9, 2023

Multifamily performance was solid in July, as rents nationally rose $2 to $1,729, or 1.6% year-over-year (YoY), according to the latest Yardi® Matrix National Multifamily Report. The report shows demand is buoyed by the healthy job market, as the U.S. economy added 1.7 million jobs in the first half of 2023. The numbers: Rent growth… The post Report: National Average Multifamily Rent Was $1,729 in July appeared first on RISMedia.

As-is 98

As-is Marketing Industrial Agents 98

Inman

AUGUST 9, 2023

Fathom logged a net loss of $4.3 million during the second quarter, an improvement over the $5.7 million loss logged during the first quarter, according to its earnings report released Wednesday.

Agents 139

Agents Brokerage Industrial 139

RIS Media

AUGUST 9, 2023

The National Association of REALTORS® (NAR) has announced its 2024 Leadership Academy class. Twenty REALTORS® from across the country have been chosen to participate in the year-long program, which prepares emerging state and local volunteers for future leadership positions at NAR. “The Leadership Academy serves as an invaluable platform, nurturing our emerging leaders and equipping… The post NAR Announces 2024 Leadership Academy Class appeared first on RISMedia.

Industrial 98

Industrial Agents 98

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

AUGUST 9, 2023

"Stop interviewing," Cheplak urged. "You need to interrogate." The real estate coach and leadership expert shared advice Wednesday at Inman Connect Las Vegas.

Agents 148

Agents Brokerage 148

Eye on Housing

AUGUST 9, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending August 4th, total mortgage activity decreased 3.1% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose 16 basis points to 7.09%. The FRM rate has fluctuated between 6.9% and 7.1% over the past month.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Loans Marketing 98

Inman

AUGUST 9, 2023

The key to success in attracting and retaining good agents lies in large part on a broker's mindset, speakers said Wednesday at Inman Connect Las Vegas. And adopting a "we" instead of a "me" attitude.

Agents 138

Agents Brokerage 138

RIS Media

AUGUST 9, 2023

Immigrants will soon be the primary driver of new housing demand. That is not news—demographers have long predicted that the country is on track to see foreign-born households outstrip all other types of homebuyers by 2040, less than two decades from now. With more and more immigrant families moving outside of traditional “gateway regions” like… The post How the Agent’s Role Is Evolving as Immigrants Carve New Path to Homeownership appeared first on RISMedia.

As-is 98

As-is MLS Sales Industrial 98

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Agents

Inman

AUGUST 9, 2023

Every broker wants to recruit top agents. But what works when transactions are scarce? Two real estate professionals shared their thoughts Wednesday at Inman Connect Las Vegas.

Brokerage 137

Brokerage Marketing Agents 137

RIS Media

AUGUST 9, 2023

NAR PULSE—Your agents can earn the Instagram for Real Estate Professionals Webinar when they register for a Premier Access Pass for 2023 NAR NXT, The REALTOR® Experience. This webinar explains how to harness the power of Instagram to put their business in front of local buyers and sellers. Encourage your agents to act by August… The post Get a Free Webinar Through MVP appeared first on RISMedia.

Agents 98

Agents Industrial 98

Inman

AUGUST 9, 2023

The CEO tract at Inman Connect Las Vegas on Tuesday wrapped with proptech adviser and strategist Mike DelPrete telling an audience of his peers that legacy brokerages are facing an “innovator’s dilemma.

Brokerage 138

Brokerage 138

Calculated Risk Real Estate

AUGUST 9, 2023

For house prices, there is an ongoing battle between low inventory and affordability. Here is another measure of affordability that readers might find useful from the Atlanta Fed: Home Ownership Affordability Monitor To help business economists and analysts track the relative changes in home ownership affordability at a higher frequency and more granular level of geography, the Atlanta Fed developed an interactive home affordability tool, the HOAM (Home Ownership Affordability Monitor) Index, wh

Development 98

Development Closing Mortgages As-is 98

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