Keeping Current Matters

SEPTEMBER 27, 2023

You might remember the housing crash in 2008, even if you didn't own a home at the time.

Marketing 358

Marketing 358

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Over the past year, the value of the U.S. housing market has surged by more than $2.6 trillion.

Marketing 521

Marketing New Construction Finance Construction 521

Real Estate News

SEPTEMBER 27, 2023

The acquisition of Realty Austin and Realty San Antonio will significantly boost Compass' annual sales volume in Texas.

Land 290

Land Sales 290

Housing Wire

SEPTEMBER 27, 2023

Government-sponsored enterprise (GSE) Fannie Mae announced on Wednesday that it will launch new programs and resources designed to tackle the homeownership gap experienced by the Latino community , designed to “to provide responsible access to housing and long-term sustainable homeownership opportunities.” The company also announced an expansion of its Special Purpose Credit Program (SPCP) pilot to provide downpayment assistance to eligible first-time homebuyers living in majority-Latino communi

Design 467

Design As-is Closing Finance 467

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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

Real Estate News

SEPTEMBER 27, 2023

Stop Hate In Real Estate, a collaboration between the LGBTQ+ Alliance, AREAA, NAHREP and WomanUp!, aims to fight discrimination.

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279

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed. That is Maxwell’s second acquisition since its inception in 2015. Maxwell acquired LenderSelect Mortgage Group from Blue Ridge Bank in May to expand its secondary market trading platform, bringing hundreds of new cli

Lending 465

Lending Loan Officer Loans Technology 465

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. For the week that ended Sept. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which has driven Treasury yields to new heights.

Mortgages 465

Mortgages Fixed-rate mortgage Loans Marketing 465

Inman

SEPTEMBER 27, 2023

Between 2018 and 2020, Fannie and Freddie purchased close to 600 shared equity loans, before realizing that current regulations might prohibit them from doing so.

Equity 197

Equity Loans Closing Mortgages 197

Housing Wire

SEPTEMBER 27, 2023

A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a new Redfin report found. Redfin grounded this study on the searches of about two million Redfin.com users who viewed for-sale homes online across more than 100 metro areas from June 2023 to August 2023. Amid elevated mortgage rates and a lack of local housing inventory , homebuyers are searching for more affordable options, boosting relocations rather tha

Sales 459

Sales Mortgages As-is Marketing 459

Inman

SEPTEMBER 27, 2023

NYC-based brokerage Compass has acquired Realty Austin and Realty San Antonio for an undisclosed amount. The brokerage closed $5.24B in 2022 sales volume.

Brokerage 193

Brokerage Closing Sales 193

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

SEPTEMBER 27, 2023

Rhode Island-based chartered bank Washington Trust Company has agreed to pay $9 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday. The agreement requires court approval. Washington Trust, known as the oldest U.S. community bank, was accused of illegally avoiding providing mortgage services to majority Black and Hispanic neighborhoods in Rhode Island.

Banks 458

Banks Lending Loan Officer Equity 458

Inman

SEPTEMBER 27, 2023

Research shows that people are concerned about the changing climate's impact on their hometowns, but they're more concerned about a lack of housing affordability, according to a new report from Redfin.

Agents 193

Agents 193

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday. Unfortunately, there’s been no sign of relief in 2023. “The higher interest rate environment had profound effects on the mortgage market in 2022,

Debt-to-income ratio 456

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 456

Inman

SEPTEMBER 27, 2023

Coupled with findings of an internal investigation made public this month, the memo addressed to Donna Gland reveals NAR was aware of a "hostile, toxic work environment" as early as March 2022.

MLS 190

MLS Brokerage Agents 190

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Brokerage

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey.

Mortgages 448

Mortgages Marketing Banks New Construction 448

Inman

SEPTEMBER 27, 2023

The LGBTQ+ Real Estate Alliance is partnering with the California Association of Realtors, AREAA and NAHREP to combat real estate discrimination against homebuyers from diverse communities.

Brokerage 190

Brokerage Industrial Agents 190

Housing Wire

SEPTEMBER 27, 2023

Years of rising prices and a prolonged period of increasing mortgage rates have made one issue top of mind for most homebuyers: affordability. That favors markets in the Northeast and Midwest, where prices are lower, and comes at the expense of markets in the West, where prices are higher, recently published data from Zillow suggest. Take the Zillow Home Value Index.

Marketing 446

Marketing As-is Mortgages Sales 446

Inman

SEPTEMBER 27, 2023

Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136 million in 2022 sales volume.

Principal 190

Principal Agents Sales Brokerage 190

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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

Housing Wire

SEPTEMBER 27, 2023

FirstHome IQ , a new nonprofit founded by industry leaders Kristin Messerli , Dave Savage and Todd Bookspan , launched its Ambassador Program today to end the financial literacy crisis in the U.S. Through the program, mortgage and real estate professionals donate $100 per transaction and commit to educating the next generation. “The response to our soft invitation to this program has really been inspiring,” said Messerli, FirstHomeIQ’s executive director.

Branding 435

Branding Industrial Mortgages Development 435

Inman

SEPTEMBER 27, 2023

Real estate brokers who invest in tech stacks frequently find themselves selling their own agents on the technology's merits. Intel spoke to executives about the adoption tactics that work best.

Technology 190

Technology Agents Brokerage 190

Housing Wire

SEPTEMBER 27, 2023

Compass ’ Texas operation just got stronger. The Robert Reffkin -helmed firm has acquired Realty Austin and its San Antonio satellite Realty San Antonio , according to an announcement on Wednesday. The financial terms of the deal were not disclosed. “With this acquisition, we’ve positioned ourselves as Austin’s leading brokerage—our commitment to setting new standards and inspiring innovation for all our exceptional agents remains the top priority while honoring what Realty Austin an

Brokerage 435

Brokerage Agents Branding Technology 435

Inman

SEPTEMBER 27, 2023

When shopping around for a brokerage, new agents may not know what to look for. Team leader Carl Medford breaks down the difference between going it alone and becoming part of a team.

Agents 190

Agents Brokerage 190

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Agents

Housing Wire

SEPTEMBER 27, 2023

LoanLogics, a mortgage loan quality automation provider, announced the integration of two of its document processing tools with Finastra ‘s MortgagebotLOS solution on Wednesday. This integration aims to enhance lender capabilities and facilitate document processing and income calculation, the statement said. “These integrations demonstrate our commitment to providing mortgage lenders the tools they need to excel,” Mary Kay Theriault, director of product management for Mortgagebot at Finastra , s

Loans 431

Loans Technology Investor Mortgages 431

Inman

SEPTEMBER 27, 2023

The leader in artificial intelligence-driven financial document automation has combined three of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents.

Design 190

Design Mortgages Technology 190

Housing Wire

SEPTEMBER 27, 2023

As global tensions have escalated in recent years so, too, have concerns in the United States about the ownership of real estate by people from other countries — especially those from adversary nations. In response to these concerns, state legislators across the country have moved to pass legislation to prohibit or restrict foreign nationals from purchasing property.

Land 431

Land Title Closing Design 431

Inman

SEPTEMBER 27, 2023

The current market makes it tough to know how to create and communicate effective messaging. What's your plan for fall?

Marketing 187

Marketing Agents 187

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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.

Sales

Bigger Pockets

SEPTEMBER 27, 2023

DSCR loans are increasingly popular—which means new products are coming in 2024. Here's what's coming next.

Loans 134

Loans Finance Mortgages 134

Inman

SEPTEMBER 27, 2023

Fed's "higher for longer" rate strategy drives yields on long-term Treasurys higher, with mortgage rates following to highest levels in over 20 years, MBA survey shows.

Mortgages 187

Mortgages Marketing 187

Bigger Pockets

SEPTEMBER 27, 2023

Fannie Mae is now bearish on the economy, according to their latest report. Is there a new opportunity for investors to capitalize on? Read to find out.

Investor 133

Investor Mortgages 133

Inman

SEPTEMBER 27, 2023

In a series of key charts, Aziz Sunderji of Home Economics and Mike DelPrete, a strategic adviser and global expert in real estate technology, put August existing-home sales in historical context.

Sales 183

Sales Technology Marketing 183

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