Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower. Elevated interest rates have been part of the reality for the forward and reverse mortgage channels since the waning days of the COVID-19 pandemic.

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Mortgages Equity Finance Lending 441

Real Estate News

SEPTEMBER 3, 2024

The policy, which was designed to discourage the sharing of listings via private networks outside the MLS, is being called into question.

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MLS Design 290

Housing Wire

SEPTEMBER 3, 2024

In a new episode of the “Real Estate Insiders Unfiltered” podcast, John Campbell — managing director at Stephens Inc. and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. The trio discuss the major companies that are thriving in the post-Aug. 17 market and those that still face challenges.

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Industrial Equity Agents Brokerage 421

Real Estate News

SEPTEMBER 3, 2024

NAR’s latest confidence survey also suggests that buyers gained some leverage this summer, but overall sales were down.

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Sales 299

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Agents

Housing Wire

SEPTEMBER 3, 2024

Mortgage servicer Nationstar , doing business as Mr. Cooper , is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago. The settlement notice was filed Aug. 30 in a U.S. district court in Texas.

Mortgages 420

Mortgages Banks As-is 420

Housing Wire

SEPTEMBER 3, 2024

CMG Home Loans , the retail lending division of CMG Financial , announced on Tuesday the appointment of Kari Van Kleef to the position of reverse mortgage operations manager. She is one of “several industry veterans who will be directing the dedicated reverse mortgage department at CMG,” the company said. Van Kleef, who previously worked for the reverse mortgage divisions at Fairway Independent Mortgage Corp. and Movement Mortgage , has been in the broader mortgage business for about 26 years an

Loan Officer 420

Loan Officer Lending Loans Mortgages 420

Inman

SEPTEMBER 3, 2024

At Compass, Thor Brown will serve as director of luxury sales, while Sam Fingold will take on the role of luxury real estate advisor, according to South Florida Agent Magazine. Both will operate out of Compass’ Palm Beach Island office at 150 Worth Avenue.

Agents 196

Agents Industrial Sales Brokerage 196

Housing Wire

SEPTEMBER 3, 2024

Florida-based independent brokerage The Keyes Co./Illustrated Properties has joined the growing list of brokerages that have settled the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a motion to stay the case. No details of the conditions of the settlement were immediate available.

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Brokerage 418

Real Estate News

SEPTEMBER 3, 2024

The Keyes Company has reached an agreement in the Gibson lawsuit as the settlement fund nears $1 billion.

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Brokerage 248

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Agents

Housing Wire

SEPTEMBER 3, 2024

The chief economist of Fannie Mae expects to hang up the cleats this year. Doug Duncan , who’s been the chief economist at the government-sponsored enterprise since 2008, will be retiring effective Sept. 22, according to Rob Chrisman, who first reported the news on his blog Tuesday morning. Mark Palim, the company’s deputy chief economist, will succeed Duncan as chief economist.

Mortgages 410

Mortgages Closing Marketing Finance 410

Inman

SEPTEMBER 3, 2024

Selling real estate under the new commission rules is like playing Red Light, Green Light on a tightrope, bicoastal agent Cara Ameer writes. Here’s how her business has been since the change.

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Agents 191

Keeping Current Matters

SEPTEMBER 3, 2024

Are you on the fence about whether to sell your house now or hold off?

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Inman

SEPTEMBER 3, 2024

Anthony Lamacchia said threats of severe penalties for commission violations leveled by plaintiffs lawyer Michael Ketchmark and Consumer Advocates in American Real Estate are "unnecessary.

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Agents MLS Brokerage 186

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Brokerage

RIS Media

SEPTEMBER 3, 2024

Florida-based The Keyes Company/Illustrated Properties, which describes itself as the largest independent brokerage in the state, has reached an agreement to settle commission lawsuits filed by sellers, according to a filing in federal court today. No details of the agreement were immediately released. A representative from the brokerage could not immediately be reached for comment.… The post Largest Florida Independent Brokerage Settles Commission Lawsuits appeared first on RISMedia.

Brokerage 128

Brokerage Industrial Agents 128

Inman

SEPTEMBER 3, 2024

WAV Group is seeking feedback from agents on the fate of the policy in a new survey ahead of the National Association of Realtors' Emerging Issues Advisory Board committee meeting Sept. 12-13.

Agents 186

Agents MLS 186

RIS Media

SEPTEMBER 3, 2024

Homebuyers are increasingly stretched to buy a home, and some existing homeowners are feeling the pressure of higher homeownership costs and missing mortgage payments. Overall, there is more caution in the housing market as housing indicators continue to revert to pre-pandemic trends and both buyers and investors carefully evaluate their options. Here is where the… The post 10 Things to Know About the Mortgage and Housing Markets Right Now appeared first on RISMedia.

Mortgages 128

Mortgages Marketing Investor As-is 128

Inman

SEPTEMBER 3, 2024

At the flagship Inman Connect New York in 2025 and Austin Connect this October, discover how building a robust referral network can revolutionize and future-proof your real estate business.

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Loans

RIS Media

SEPTEMBER 3, 2024

Residential home lending saw its first gain in a year during Q2 2024, with the issuance of 1.62 million mortgages secured by residential property. This represents a 23.2% increase over the first quarter. This reporting, provided by ATTOM Data Solutions, found that lenders’ issued mortgages this quarter came out to $533 billion, 27.6% higher than… The post Home Lending Sees Big Spike in Q2 2024 appeared first on RISMedia.

Lending 124

Lending Residential Mortgages Loans 124

Inman

SEPTEMBER 3, 2024

In a newly created role at Rocket Pro TPO, the former Sagent CEO is tasked with winning more business from mortgage brokers by leveraging Rocket's data, technology and AI capabilities.

Technology 172

Technology Mortgages Lending 172

RIS Media

SEPTEMBER 3, 2024

Photo credit: AJ Caneria Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. As a real estate professional, attending industry events like RISMedia’s 2024 CEO & Leadership Exchange offers unlimited opportunities to expand your network and elevate… The post Social Skills: Harnessing the Marketing Power of Industry Events appeared first on RISMedia.

Industrial 121

Industrial Marketing Agents As-is 121

Inman

SEPTEMBER 3, 2024

Murdoch's Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK's largest real estate portal.

Brokerage 181

Brokerage Agents Marketing 181

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Agents

RIS Media

SEPTEMBER 3, 2024

The National Association of REALTORS® has announced that Tether RE won the sixth annual Pitch Battle competition at the recent 2024 Innovation, Opportunity & Investment (iOi) Summit. NAR stated that their strategic investment arm, Second Century Ventures, presented this year’s Pitch Battle in Chicago, where participating proptech startups were given the chance to demonstrate their… The post NAR Names Tether RE as Winner of the 2024 Pitch Battle appeared first on RISMedia.

Technology 121

Technology Industrial Agents 121

Inman

SEPTEMBER 3, 2024

The settlement was revealed in a new court filing, though the company has not said how much it might pay. The Keyes Company has more than 4,000 agents working across Florida.

Agents 168

Agents Brokerage Industrial 168

RIS Media

SEPTEMBER 3, 2024

Realty ONE Group International announced it has surpassed 20,000 real estate professionals worldwide. The brand noted that their popularity continues to grow due to its 100% commission model and comprehensive offering of business coaching, support, tools and marketing. In two years, Realty ONE stated they have grown from locations in two countries to now 20… The post Realty ONE Group International Surpasses 20k Agents Worldwide appeared first on RISMedia.

Agents 118

Agents Branding Marketing Industrial 118

Inman

SEPTEMBER 3, 2024

Pre-sale renovation services company Revive has made its artificial intelligence-backed property valuation product, Revive Vision AI, free to all real estate consumers.

Renovation 129

Renovation Sales Technology Marketing 129

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Sales

Brownstoner

SEPTEMBER 3, 2024

An affordable housing lottery has opened for a modern-looking 13-story, 171-unit development on Flatbush Avenue. Running from Aurelia Court to Triangle Junction mall, the complex at 1634 Flatbush Avenue replaces a gas station formerly on the site. Of the 45 studio, one-, and two-bedroom apartments in the lottery for the new… Read More > The post Affordable Housing Lottery Opens for Modern Flatbush Build With $823 Units appeared first on Brownstoner.

Development 111

Development 111

Seattle Times Real Estate

SEPTEMBER 3, 2024

A new Urban Institute report found only about 1 in 5 Seattle multifamily developers are led by a person of color and less than 1 in 6 are led by women.

Development 111

Development 111

Brownstoner

SEPTEMBER 3, 2024

By Gabriele Holtermann and Lloyd Mitchell, Brooklyn Paper The sounds of soca, calypso, compas, and reggae boomed along Eastern Parkway as the 57th Annual West Indian American Day Parade made its way from Utica Avenue in Crown Heights to Grand Army Plaza in Prospect Heights on Labor Day. Thousands of flag-waving revelers… Read More > The post Costumed Revelers Celebrate Caribbean Culture at the West Indian Day Parade appeared first on Brownstoner.

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