Mon.May 01, 2023

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Mortgage fintech Maxwell launches SSO tool for lenders

Housing Wire

Maxwell , the mortgage fintech backed by Wells Fargo and Fin Capital, has launched Maxwell Single-Sign On, an SSO (single sign-on) tool for lenders to enhance security and reduce the risk of data breaches, the company announced on Monday. The tool is designed to address the issue of sensitive data being handled by lenders and loan officers on a daily basis, including social security numbers, paystubs, and tax returns.

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Mortgage fee changes raise costs for some, lower costs for others

Real Estate News

The new mortgage fee structure taking effect today is an attempt by the FHFA to create "equitable and sustainable access to homeownership.

Mortgages 264
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Opinion: Setting the record straight on mortgage pricing

Housing Wire

Recently, the director of the Federal Housing Finance Agency (FHFA) issued a statement clarifying the agency’s rationale for changes to loan level pricing adjustment (LLPA) fees going into effect on May 1. The changes have created some controversy due to the fact that better credit quality borrowers will experience higher fees after May 1 than under the current LLPA grids and vice versa for lower credit quality borrowers.

Mortgages 435
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Why Buying a Home Makes More Sense Than Renting Today

Keeping Current Matters

Wondering if you should continue renting or if you should by a home this year?

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The 2025 Real Estate Roadmap to Success

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.

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CHLA supports changes to CFPB loan originator compensation rule

Housing Wire

The Community Home Lenders of America (CHLA) submitted a letter to the Consumer Financial Protection Bureau (CFPB) in support of changes to the loan originator compensation rule, telling CFPB Director Rohit Chopra that the current rule’s “inflexibility” in certain areas is a “detriment” to consumers. The letter calls for increased flexibility in LO compensation restrictions, which would “[benefit] consumers without opening loopholes that would allow for anti-consumer practices,” according to the

Loans 395
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What agents need to know as the complex mortgage fee hike kicks in

Inman

Loan-level pricing adjustments — a fee on mortgages — led to widespread misinformation leading up to the May 1 hike. Inman spoke to experts about what the changes mean for homeowners.

Mortgages 167

More Trending

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Troubled real estate eyed as JP Morgan takes over First Republic

Inman

Berkshire Hathaway Vice Chair Charlie Munger warned of "trouble ahead" for the U.S. commercial property market as federal regulators seized First Republic Bank early Monday morning.

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JPMorgan Chase to acquire First Republic Bank

Housing Wire

Less than two months after the abrupt failures of Silicon Valley Bank and Signature Bank , federal regulators seized First Republic Bank and sold it to JPMorgan Chase Bank. The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank.

Banks 392
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‘Trailblazer and icon’: Real estate reacts to Sherry Chris’ retirement

Inman

Inman reached out to the many real estate professionals who've been impacted and inspired by Chris during her tenure to get their thoughts on her legacy and her influence.

Brokerage 148
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CFPB proposes rule to bolster PACE loan borrower protections

Housing Wire

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. These loans, which are often used to finance environmentally-minded renovations, like the addition of solar panels, have led to financial instability for some borrowers.

Loans 387
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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The 5 benefits of real estate mentorship

Inman

We asked top-performing luxury agents for their take on why mentorship drives such success for luxury professionals, whether they’re new to the business or seasoned experts.

Agents 148
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Announcing the 2023 Class of Rising Stars!

Housing Wire

HousingWire is excited to announce the 2023 class of Rising Stars! In its tenth year, this industry award is showcasing the up-and-coming leaders in housing who have had major accomplishments all before the age of 40. They help run major corporations, and are the entrepreneurs building tomorrow’s great businesses. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

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Inside the lavish world of luxury real estate and high-net-worth clients

Inman

Stay ahead of the competition with the latest luxury market insights and data from David Friedman, co-founder of WealthQuotient.

Marketing 148
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The 11 Lasting Truths Of Real Estate: These Experts Divulge Their Secrets To Success

Bigger Pockets

Real estate has many enduring truths, but these are the 11 that are total must-haves. Unlock the secrets (but no-so secret) to success here!

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Improved Affordability Expectations Lead to More Engaged Buyers

Eye on Housing

Improvements in affordability expectations have led to an increase in the share of prospective buyers who have moved beyond just the planning phase of their home search: 56% report being actively engaged in the purchase process in the first quarter of 2023, up from 46% a quarter earlier. The share of prospective buyers actively searching for a home rose in.

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Short-Term Rental REITs: What They Are And How You Can Invest In Them

Bigger Pockets

You might know about REITs, but do you know about STR REITs? Read more to find out!

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May Real Estate Magazine Cover Story: Global MLS + AI

RIS Media

Real Estate Webmasters (REW) is taking on a huge challenge. The worldwide leader in real estate websites, lead generation and CRM is building a global MLS and leveraging new artificial intelligence technologies via OpenAI/ChatGPT. With the help of its new AI Robot, REWPert, the company’s goal is to solve the global problem of consumer access… The post May Real Estate Magazine Cover Story: Global MLS + AI appeared first on RISMedia.

MLS 120
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BiggerNews: Buyers Jump Back In as Real Estate Competition Heats Up

Bigger Pockets

Has housing market hysteria returned?

Marketing 119
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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Private Residential Construction Spending Dips in March

Eye on Housing

Private residential construction spending inched down 0.2% in March, as spending on single-family construction decreased 0.8%. Spending on private residential construction declined for the tenth month in a row amid elevated mortgage interest rates. Consequently, this spending is 10% lower compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has been.

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A Realtor’s meaningful calling to focus on affordable housing

The American Genius for Real Estate

Seeing the difference homeownership made for her, this Realtor decided that it was her next calling to highlight affordable housing.

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Inman unveils its inaugural 2023 ‘Best of Finance’ award winners

Inman

For the first time in its history, Inman recognized more than 120 companies for their influence and ingenuity in the mortgage and financial services space.

Finance 114
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In New Partnership, CubiCasa’s Floor Plans App Is Coming to Bright MLS

RIS Media

Software company CubiCasa has partnered with Bright MLS, the second largest Multiple Listing Service (MLS) in the country, to offer CubiCasa’s easy-to-use floor plan creation app to Bright subscribers. The collaboration will expand the use of floor plans on listings within the Bright MLS membership pool. “Bright has identified visual media, including floor plans, as… The post In New Partnership, CubiCasa’s Floor Plans App Is Coming to Bright MLS appeared first on RISMedia.

MLS 111
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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How Accurate Is the Zillow Zestimate? The Truth Behind the Numbers

The Close

Cue the Zillow jokes (my favorite: the “a” in Zillow stands for accuracy), but love it, hate it, or really really hate it, the Zestimate is here to stay. We’ve seen it all: the homeowner who sends screenshots at midnight of a Zestimate change, the client who ignores local expertise in favor of the Zestimate, and the buyer who wants to offer far less than the Zestimate because there’s no way it’s valid.

Agents 105
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Survey: Spring Sellers Are Open to Minimal Property-Price Negotiation

RIS Media

Forbes Global Properties, a curated consumer marketplace of luxury homes and an invitation-only membership network of top real estate firms, has released this month’s Luxury Agent Poll. When asked about a seller’s tolerance for negotiability in the current market, 62% of Forbes Global Properties domestic experts reported an acceptable range of just 0-5% under the… The post Survey: Spring Sellers Are Open to Minimal Property-Price Negotiation appeared first on RISMedia.

Agents 106
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Inventory Constraints Contribute to a Dip in Pending Sales in March 2023

NAR: Economic Outlook

Pending Sales Dip in March 2023 NAR released a summary of pending home sales data showing that March's pending home sales pace fell 5.2% last month and 23.2% from a year ago.

Sales 102
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How to Sell a House By Owner in Mississippi

HomeLight

When the time comes to move, some tenacious homeowners in Mississippi are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow). Of those, 50% already knew the buyer of the home, according to data from the National Association of Realtors (NAR).

MLS 102
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Questions a Mortgage Lender Will Ask When Providing Home Loans

Maximum Exposure Real Estate

What Questions Can You Expect from Lenders? Are you interested in knowing what questions a mortgage lender will ask you when getting a loan to buy a house? The questions mortgage lenders will ask potential borrowers are pretty straightforward. Applying for a mortgage can be intimidating—you know they will ask you many questions and request […] The post Questions a Mortgage Lender Will Ask When Providing Home Loans appeared first on Maximum Real Estate Exposure.

Loans 98
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How to Sell a House By Owner in Maryland

HomeLight

When the time comes to move, some tenacious homeowners in Maryland are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow). Of those, 50% already knew the buyer of the home, according to data from the National Association of Realtors (NAR).

MLS 100
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Avoid the Realtor Trap

Broke Agent Media

Let’s dive into an issue that is often overlooked in the world of real estate: Shame. Shame is a feeling that we all experience, yet it’s a topic that we often shy away from discussing. We’ve all been there, scrolling through Instagram and seeing a colleague who’s closed another million-dollar deal, won another award, or gone viral with their content.

Land 98
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Demand for Luxury Housing Outpaces Supply Moving Further Into 2023

RIS Media

The luxury housing market in the first quarter of 2023 is currently in the midst of an ongoing re-alignment from its overheated state of the last two years, yet it remains resilient as high-net-worth consumers continue to view real estate as a sound investment. This is all despite gyrations in financial institutions and global governments,… The post Demand for Luxury Housing Outpaces Supply Moving Further Into 2023 appeared first on RISMedia.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.