Tue.Aug 01, 2023

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Mr. Cooper moves closer to $1 trillion MSR portfolio target

Housing Wire

Dallas, Texas-based Mr. Cooper Group on Tuesday announced it has completed the acquisitions of Home Point Capital and Roosevelt Management Company. With the deals, Mr. Cooper has moved closer to its $1 trillion mortgage servicing rights (MSR) portfolio target. Mr. Cooper concluded on Monday a tender offer for Home Point’s outstanding shares after extending the deadline twice.

Principal 370
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Sellers: Don’t Let These Two Things Hold You Back

Keeping Current Matters

Many homeowners thinking about selling have two key things holding them back.

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Introducing the 2023 Women of Influence!

Housing Wire

This year’s HousingWire Women of Influence list recognizes a remarkable group of women in housing who represent the pinnacle of excellence and innovation. These extraordinary women have shattered glass ceilings, defied expectations and carved a path of success through their dedication, expertise and unwavering commitment to transforming the housing landscape.

Lending 370
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Zillow-Redfin build on partnership with new construction listings

Real Estate News

The two former rivals and popular home-search sites extend their connection beyond 3D Home, with Redfin calling Zillow listings “a new revenue opportunity.

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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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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process.

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People On the Move at OJO, @properties

Real Estate News

OJO promotes former KW CEO Chris Heller and Jerimiah Taylor to top roles; @properties elevates Branden Lopez to general counsel.

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More Trending

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HELOCs now a riskier proposition for investors

Real Estate News

High interest rates and economic uncertainty have made home equity lines of credit costlier and more precarious.

Investor 244
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How much will home prices climb over the next year?

Housing Wire

Today I’m going to focus on home prices around the country. How much will home prices climb over the next year? All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates.

Sales 370
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Timothy Di Prizito joins AKG | Christie’s International Real Estate

Inman

The former GM of Joyce Rey's team at Coldwell Banker said he is ready to spread his wings and likes what he sees when it comes to Aaron Kirman's success in growing his team, Di Prizito exclusively told Inman.

Brokerage 148
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Zillow and Redfin partner on new construction listings

Housing Wire

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. The partnership is aimed at expanding the reach of homebuilder listings on Zillow, allowing Redfin’s brokerage customers to explore a broader range of new construction for sale, the two companies said on Tuesday.

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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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Fractional investing platform CEO out after investors lose $63M

Inman

CrowdStreet CEO Tore Steen ousted after $63 million from investors went missing in a deal a fiduciary said had "red flags that are indicators of fraud," according to reports.

Investor 148
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Chime Technologies integrates ChatGPT into platform

Housing Wire

Chime Technologies , a real estate tech innovator based in Phoenix, Arizona, has recently integrated ChatGPT functionality into its platform to streamline content creation for real estate marketing and communications. This integration marks a significant step towards enhancing the platform’s generative AI capabilities. Chime has been using Google’s machine learning algorithm to power its intuitive chatbot AI Assistant for the past five years.

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FOMO Alert: 74 things to expect next week at Connect Las Vegas

Inman

With Inman Connect Las Vegas rapidly approaching, Inman founder Brad Inman offers his notes, compiled over two decades, on what attendees should expect at this year's conference next week.

Brokerage 148
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Fannie Mae notches $5B in profits in Q2, but still expects a recession

Housing Wire

Fannie Mae netted $5 billion in profits in the second quarter, up $1.22 billion from the first three months of the year. Executives attributed the swollen profits to the continued strength of home prices, which have risen 5% in the first six months of the year. In fact, Fannie Mae is no longer predicting a decline in home prices in 2023. The government sponsored enterprise ‘s forecast now calls for a 3.9% home-price increase this year, though a recession is still in the cards. “The e

Land 368
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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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5 ways to invest in your most important asset: Yourself

Inman

Whether you are just getting started in real estate or are looking for ways to freshen up your career with a commitment to personal and professional development, investing in yourself is always a good bet, according to new Inman contributor Tina Lapp, head of local brands for Colibri Real Estate.

Branding 148
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Fintech Stavvy acquires servicing tech firm Brace

Housing Wire

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Terms of the deal were not announced. With the acquisition, servicers and homeowners looking for mortgage assistance will have access to a streamlined platform that allows them to interact on their terms, fostering increased transparency and improved operational efficiencies, Stavvy said on Tuesday announcing the deal.

Lending 368
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Got milk? Thirsty agent fined $15K for drinking homesellers’ milk

Inman

Mike Rose told Canadian regulators in British Columbia he was on a new medication that made him "unusually dehydrated." But does that justify drinking his clients' milk, straight from the jug?

Agents 148
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HousingWire Magazine: The Housing Wealth Issue

Housing Wire

Brena Nath, Director of HW+ and Events Leading up to this issue, I’ve been building the Women of Influence panels for October’s HousingWire Annual in Austin, Texas. One of my biggest takeaways in planning and hosting dedicated Women of Influence sessions at our flag-ship event is that these sessions are for every-one. And, reading through this year’s esteemed list of women explains why.

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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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Chamber of Commerce goes to bat for NAR in face of ‘unfair’ DOJ probe

Inman

In a "friend of the court" brief, the Chamber said the government should have to keep its promise to not investigate the National Association of Realtors' commission and pocket listing policies.

MLS 148
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Rachel Swann’s top performing team jumps to Coldwell Banker

Housing Wire

The Swann Group , led by Rachel Swann, has joined Coldwell Banker Realty in Northern California from Compass. The five-person team is known for its luxury property business in San Francisco and in Northern California’s wine country. Swann’s team closed $101 million in sales volume in 2022, according to America’s Best Real Estate Professionals ranking on RealTrends.

Branding 355
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Engel & Völkers adds 9 shops with SoCal partnership

Inman

Through the agreement with Dilbeck Real Estate, Dilbeck offices will adopt the E&V name and license partner Paul Benson will gain a new ownership stake in the business, Inman has exclusively learned.

Brokerage 148
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Multifamily lending declined 1% between 2021-22: MBA

Housing Wire

More than 2,200 different multifamily lenders provided $480.1 billion in new mortgages for apartment buildings with five or more units in 2022, a reduction of around 1% when compared to 2021 levels. This is according to an annual report of the multifamily lending market compiled and released by the Mortgage Bankers Association (MBA). One-third of active multifamily lenders made five or fewer loans over the course of 2022, according to MBA.

Lending 354
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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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The Agency adds New American Funding as a preferred lender

Inman

NAF offers multiple partnership models, including a joint venture option the mortgage lender launched in April that's overseen by industry veteran Al Miller.

Mortgages 148
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Schmidt Family of Companies acquires Palm Coast Coldwell Banker

Housing Wire

The Schmidt Family of Companies , the parent company of Coldwell Banker Premier Properties , has announced its market expansion in Florida through the strategic acquisition of a sales office in Palm Coast. The acquisition involves the Palm Coast office from Coldwell Banker Realty in Florida. Situated in the Hammock Beach Resort, the office currently comprises approximately 40 independent real estate agents.

Branding 354
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New SDAR CEO taking embezzlement suit ‘seriously’

Inman

Cory Shepard took the reins at the San Diego Association of Realtors last week after now-former CEO Michael Mercurio was accused of stealing over $1M in association funds, the complaint reads. Four former executives filed the case against SDAR last week.

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How to best serve multigenerational homebuyers

Housing Wire

Finding a dream home for your buyers can be difficult in a market plagued by low inventory and high demand. So what do you do when your buyers include more than a couple looking for their starter home or a growing family looking to raise their children? Throwing grandparents, adult siblings or in-laws into the mix can create a daunting challenge for real estate agents.

Agents 354
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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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Henry Horn Group decamps for Compass in bid to build luxury biz

Inman

Rebranded as HHG | Compass, the 12-agent team hails from Corona Del Mar, California-based luxury brokerage Residential Agent, Inc. with operations spanning San Francisco to Los Angeles.

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Decoding Real Estate: Using Social Channels to Create Connections, With Tamany Hall

Realtors Property Resource

Social media marketing expert Tamany Hall shares how agents can hone their social lead gen strategies, try the latest tools and use algorithms to their advantage. The post Decoding Real Estate: Using Social Channels to Create Connections, With Tamany Hall appeared first on Realtors Property Resource (RPR).

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Arizona Realtors can stay hot with new DirectOffer partnership

Inman

This is the second such partnership the real estate technology company has secured lately, having also agreed to work with the Realtor Association of Metropolitan Pittsburg, DirectOffer said.

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Accurate Property Pricing with RPR CMA Tools

Realtors Property Resource

In this class, we’ll review how to use the Realtors Valuation Model® (RVM®) to get a quick estimate of a property’s value. From there, we’ll dive into additional RPR pricing tools to help you create an in-depth valuation of any property. The post Accurate Property Pricing with RPR CMA Tools appeared first on Realtors Property Resource (RPR).

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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.