Housing Wire
OCTOBER 11, 2023
The Federal Housing Finance Agency (FHFA) Director Sandra Thompson said Wednesday that the agency is working to provide more clarity on its framework and use alternatives amid a spike in Fannie Mae and Freddie Mac ‘s loan buybacks. The GSEs’ loan buybacks have been one of the top complaints among mortgage lenders in a near 8% mortgage rate environment.
Keeping Current Matters
OCTOBER 11, 2023
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Housing Wire
OCTOBER 11, 2023
In less than a week, the first of two class action lawsuits that take aim at the NAR ’s commission rules will kick off. These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods.
Real Estate News
OCTOBER 11, 2023
An attorney for the organization said a loss would be “bad news for consumers” and force the industry “back into the 19th century.
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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.
Housing Wire
OCTOBER 11, 2023
CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s $720 million acquisition of Computershare Mortgage Services Inc. allows the company to improve its fee-based income as the deal includes the purchase of Specialized Loan Servicing LLC (SLS). “The SLS platform for us is very much the focus as to how we think about fee-based income and third-party business,” Baron Silverstein, president at NewRez , a subsidiary of Rithm, said on Wednesday afternoon during the HousingWire
Real Estate News
OCTOBER 11, 2023
Coldwell Banker Affiliates appoints BHHS exec Jason Waugh as president; PLACE names coach Brendon Burchard as chief growth advisor.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
OCTOBER 11, 2023
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions.
Housing Wire
OCTOBER 11, 2023
PNC Bank issued pink slips to an undisclosed number of employees this week as part of its focus on controlling costs. “As part of our strong focus on expense management, we have reviewed our organizational structure and have identified an opportunity to better position our company for long-term success. This includes a shift away from work not fully aligned to our strategic priorities and will result in a reduction in staffing levels in certain areas,” the company’s spokesperson said in an emai
Inman
OCTOBER 11, 2023
Following Rocket's lead, UWM and Guaranteed Rate say they'll price mortgages of up to $750,000 as if they're eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases.
Housing Wire
OCTOBER 11, 2023
The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct. 11, the company said on Wednesday. This represents a 3.2% increase from the current loan limit of $726,200.
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Inman
OCTOBER 11, 2023
From mediocre manager to legendary leader, these strategies from luxury real estate consultant Chris Pollinger will help you take your real estate business to the next level.
Housing Wire
OCTOBER 11, 2023
CEDAR CREEK, Texas — Natural disasters are becoming more severe and more frequent. So far in 2023, 24 billion-dollar natural disasters have struck the United States, according to data from the National Centers for Environmental Information at the National Atmospheric and Oceanic Administration (NOAA). This marks the all-time highest number of natural disasters causing $1 billion or more in losses in a year — and the year isn’t even over yet.
Inman
OCTOBER 11, 2023
Even with the best processes in place, things can go wrong. Darryl Davis uses his own real-life experience to help you learn how to handle the unexpected with grace and efficiency.
Housing Wire
OCTOBER 11, 2023
loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. Still, the company is working to make money and, when the market turns, accelerate growth in a profitable, sustainable way. To get there, Martell said loanDepot is still committed to its Vision 2025 plan, announced three months following his arrival to the company last year.
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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.
Inman
OCTOBER 11, 2023
Next week's long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate's most powerful trade organization as it navigates a series of existential challenges.
Housing Wire
OCTOBER 11, 2023
When Thaddeus, the American Land Title Association’s eagle mascot, landed in Colorado Spring at The Broadmoor Hotel after a month-long virtual journey across the country from Washington, D.C., he did so with a new look. Thaddeus’ makeover is part of an overall rebrand of ALTA , which was unveiled Wednesday morning at the start of the trade group’s annual ALTA One conference.
Inman
OCTOBER 11, 2023
Maegan Sherlock, senior research analyst for John Burns, spoke with Intel about the results of the firm's latest household sentiment survey: "I was hoping to see a new 'magic' mortgage rate.
Housing Wire
OCTOBER 11, 2023
Leading property data and analytics company CoreLogic ’s newly launched digital mortgage platform (DMP) aims to streamline the mortgage process and improve efficiency for lenders. DMP integrated Roostify’s digital mortgage solution with CoreLogic’s property data and workflow capabilities to offer a comprehensive digital mortgage experience, the firm said in a release on Wednesday.
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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.
Inman
OCTOBER 11, 2023
"Buy before you sell" product is the first offering in a phased rollout, with plans to offer a full suite of products, including cash offer services.
Housing Wire
OCTOBER 11, 2023
Federal Reserve policymakers saw eye to eye that policy should remain restrictive for some time but were divided on whether inflation was high enough to bring the target federal funds rate down to the 2% target in their September meeting. “A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted,” minutes of the Federal Open Market Committee (
Inman
OCTOBER 11, 2023
Understanding the strengths of your team and empowering them through your management style are essential elements for organizational success. Brand new Inman contributor and consultant Kelly Rae White offers strategies that can make all the difference in your outcomes.
Housing Wire
OCTOBER 11, 2023
As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. 6, compared to the week prior, according to weekly mortgage application data from the Mortgage Bankers Association (MBA).
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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.
Inman
OCTOBER 11, 2023
The Agency's CEO made a significant recovery from his fumbling performance the week prior as he delivered a comeback foxtrot that had judges singing the praises of his "suavecito" moves.
Bigger Pockets
OCTOBER 11, 2023
There's turmoil in government, and that's plunging investor confidence. Here's what you need to know.
Inman
OCTOBER 11, 2023
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back to where they were at the beginning of October.
Bigger Pockets
OCTOBER 11, 2023
A recent survey from RCN Capital took stock of investor attitudes towards the economic climate. Here's what they said.
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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.
Inman
OCTOBER 11, 2023
RaaShaun Casey, host of the syndicated iHeartRadio show "The Breakfast Club," is accused of promoting pal Cesar Pina's home-flipping venture, frequently in distressed areas of New Jersey.
Bigger Pockets
OCTOBER 11, 2023
HELOCs can help you get the funding you need for your next deal, but is it a strategy you can always count on? Read more to find out.
RIS Media
OCTOBER 11, 2023
The luxury real estate market is ever-changing—and the most successful real estate professionals are the ones who can stay one step ahead of new developments. If you’re looking to grow your own sphere of influence in the luxury market, you should be aware of an emerging segment of buyers known as HENRYs. By understanding this… The post ‘HENRYs’: Why Do They Matter to Luxury Real Estate?
Bigger Pockets
OCTOBER 11, 2023
Off-market real estate deals can make you a millionaire in just a few YEARS.
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