Mon.Apr 28, 2025

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FHA walks back Biden-era restrictions on foreclosed property sales

Housing Wire

In walking back policies designed to boost participation in foreclosed property sales for nonprofit and government bodies, the Federal Housing Administration (FHA) said that policies put in place in 2022 that restrict certain sales to these entities for a 30-day period have produced mixed results at best and will now be rescinded. Mortgagee Letter (ML) 2022-01 expanded the exclusive listing period for U.S.

Sales 410
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Naples estate shatters Florida home sale record with $225M sale

Inman

A sprawling waterfront estate in Naples, Florida, has shattered records with its $225 million sale, making it the most expensive residential transaction in state history and the second-priciest in the country, the Wall Street Journalreported Friday.

Sales 158
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Rocket-Redfin deal sparks uncertainty over Bay Equity’s future

Housing Wire

Over a month after Rocket Companies announced its $1.75 billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. While the companies remain quiet on their plans, some Bay Equity employees arent waiting for answerstheyre already looking for new jobs.

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Paused Your Moving Plans? Here’s Why It’s Time To Hit Play Again

Keeping Current Matters

Its not really a surprise that 70% of buyers paused their home search last year.

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Foreclosure auctions rise in Q1 after VA moratorium expires

Housing Wire

Foreclosure auction activity across the U.S. rose to a six-quarter high during the first three months of 2025, fueled by a surge in properties that hit the market after the expiration of post-pandemic protections, according to a report from Auction.com. Completed foreclosure auctions were up 20% from the previous quarter and up 4% from a year earlier, despite some mid-quarter softening.

Loans 364

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Peeking into Pennymac’s ‘aggressive’ goal to double broker market share by 2026

Housing Wire

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months. The California-headquartered company’s broker market share currently sits at 4.8%, according to Kim Nichols , Pennymac’s chief third-party origination produ

Marketing 371
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How to Get the Most Out of Attending a Trade Show

AAOA

Trade shows are a cornerstone of the property management industry, offering invaluable opportunities to network, discover new technologies, and gain insights into the latest industry trends. Whether youre a seasoned attendee or preparing for your first show, having a game plan can help you maximize the value of your experience. This guide breaks down the best practices for attending a trade showbefore, during, and after the eventso you can walk away with meaningful connections and actionable ins

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RE/MAX hires Daniel Dennis as SVP of sales and service

Housing Wire

Daniel Dennis, a longtime real estate executive with nearly two decades of leadership experience, has been named senior vice president of sales and service at RE/MAX , the company announced Monday. In his new role, Dennis will oversee sales and support services for brokerages in company-owned regions across the U.S. He will also lead franchise growth efforts through sales and conversions, as well as mergers and acquisitions. “Daniel is an accomplished industry leader with a strategic, resu

Sales 384
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Patrick Carroll evades prosecution with mental health counseling

Inman

The multifamily investor has agreed to undergo mental health counseling and, in doing so, will not be prosecuted on felony charges by the LA County District Attorney's Office, according to a pretrial hearing last week.

Investor 101
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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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LENDEM Solutions hires Krish Dhokia as CMO

Housing Wire

Texas-based analytics and decision management company LENDEM Solutions announced that Krish Dhokia, a former mortgage marketing leader at Kind Lending and Fairway Independent Mortgage Corp. , has been hired as its new chief marketing officer. Dhokia shared the news over the weekend via LinkedIn. LENDEM empowers organizations to make smarter and faster decisions using the power of big data and machine learning, he wrote.

Lending 370
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Court Report: RealPage and New Jersey Landlords Sued for Alleged Price-Fixing

RIS Media

Editors note: The COURT REPORT is RISMedias weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. New Jersey Attorney General Sues RealPage New Jersey Attorney General Matthew Platkin (D) and the states Division of Consumer Affairs have filed an antitrust lawsuit against RealPage and ten of the largest landlords… The post Court Report: RealPage and New Jersey Landlords Sued for Alleged Price-Fixing appeared first on RISMedia.

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A frictionless mobile mortgage experience doesn’t require an app

Housing Wire

In the race to create a convenient, modern borrowing experience, many lenders have seized on native mobile apps as the next big thing in mortgage origination. At first glance, the appeal is obvious: an app can live right on a borrowers phone, promise to save their progress, and provide a sleek, branded interface. Yet, in practice, lenders tell us that only about 20 percent of borrowers take that route when given the choice.

Mortgages 301
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Windermere ‘confused’ about Compass’ claims of collusion

Real Estate News

In a lawsuit filed against NWMLS last week, Compass said brokerages with representatives on the MLSs board are co-conspirators, but Windermere calls BS.

Brokerage 236
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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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VantageScore mortgage usage plunged 42% in 2024

Housing Wire

VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years. The decline was due to overall market conditions and a spike in portfolio analysis conducted by the government-sponsored enterprises (GSEs) in the previous year.Meanwhile, originators more than doubled their usage of the scores.

Mortgages 301
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Park Slope Neo-Grec With Pier Mirror, Mantels Asks $6.65 Million

Brownstoner

One of a stretch of Neo-Grec houses on Berkeley Place, this Park Slope brownstone still has a fair number of its 1880s details in place, including mantels, wood floors, a pier mirror, and stained glass. The two-family also has updated kitchens and baths, a gym in the cellar, and a… Read More > The post Park Slope Neo-Grec With Pier Mirror, Mantels Asks $6.65 Million appeared first on Brownstoner.

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Efficiency and innovation: Nancy Alley on ICE’s shift away from SDKs

Housing Wire

This year brought significant change for ICE Mortgage Technology. The company made a major shift within its Encompass loan origination system (LOS). ICE shelved its SDK technology in favor of Encompass Partner Connect (EPC), which utilizes a modern application programming interface (API). In this executive conversation, Nancy Alley, Vice President of Product Strategy, shares how ICE Mortgage Technology is driving transformation in the mortgage industry.

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Why Is My Home Value Dropping on Zillow?

HomeLight

If youve been checking your homes value on Zillow over the years, youve likely been pleased to watch it steadily increase. But lately, you may have noticed a decrease in the websites famous Zestimate and found yourself asking, Why is my home value dropping on Zillow? Youre not alone; homeowners throughout the country are asking the same question. As would-be buyers and sellers wrestle with high interest rates, Zillows latest forecast indicates a 1.9% decline in home values this year.

Sales 81
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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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Longbridge’s Melissa Macerato on the impact of new proprietary product

Housing Wire

Its a busy time to be in the proprietary reverse mortgage space, with new and relaunched products hitting the market and other additional features being added to existing product catalogs. Earlier this month, Longbridge Financial announced the addition of Platinum Peak , a new variation of its private fixed-rate reverse mortgage offering. The Platinum Peak product aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, t

Loans 239
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Chris Choi has been named Chief Financial Officer at MoxiWorks

Inman

Software company MoxiWorks has bolstered its C-suite with the hiring of Chris Choi as Chief Financial Officer. Choi was working on an interim basis prior to being formally named to the position.

Banks 96
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‘Are you kidding me?’ Real estate industry reacts to Compass-NWMLS lawsuit

Housing Wire

After weeks of buildup, it felt like only a matter of time before Compass would file a lawsuit against Northwest MLS (NWMLS) over the latters Clear Cooperation Policy (CCP). On Friday, the wait ended as Compass filed an antitrust suit against NWMLS. The filing includes alleged violations of the Sherman Act and the Washington Consumer Protection Act, along with tortious interference with business expectancy.

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Daily Links: Excavation Starts for Giant 450-Unit DoBro Complex

Brownstoner

In the News NYPD Probes Pro-Israel Crowds Attack in Crown Heights [NYT] Sheepshead Bay Camp Out Protests Incoming Shelter [NYP] VHS, Cassettes Find New Life at Bushwick Event [NYP] Want an Iconic Brooklyn Street Sign? Fuhgeddaboudit! [Eagle] City Launches Adopt-a-Catch-Basin Pilot in Greenpoint [BP] Display of Rare Geckos Is Coming to Bushwick [Gothamist] See Thousands of Elephants… Read More > The post Daily Links: Excavation Starts for Giant 450-Unit DoBro Complex appeared first on B

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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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South Carolina social work researchers focus on aging-in-place technology

Housing Wire

In an effort to provide options for older Americans who want to avoid costly congregate care facilities and intend to age in place , social work researchers at the University of South Carolina will use federal grant dollars to assess the effectiveness of remote home monitoring systems for people who may have more limited aging support and long-term care (LTC) options.

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Op-Ed: Private Listings Are the Shopping Carts of Real Estate

RIS Media

Everyones up in arms about private listingsand everyone has a point. But somehow, everyones also missing one. Compass has been vilified for choosing to do something that NAR rules now clearly permit. Are they doing it because its a good business decision for them? Yes. Can listing a property off the MLS be a benefit… The post Op-Ed: Private Listings Are the Shopping Carts of Real Estate appeared first on RISMedia.

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Should You Convert Your Primary Home Into a Rental Property?

AAOA

If you’re considering moving to a new home but aren’t ready to part with your current one, you might be asking yourself: should I turn my primary residence into a rental property? The answer depends on your financial goals, the local rental market, and how comfortable you are with being a landlord. But in many cases, this move can be an incredibly smart financial strategy.

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Ravi Jani Appointed New CFO at The Real Brokerage With Ressler Ousted

RIS Media

The Real Brokerage, a technology platform for real estate for agents, homebuyers and sellers, announced on April 26 the promotion of Ravi Jani to chief financial officer, effective immediately. Jani succeeds Michelle Ressler, who was terminated based on the companys opinion that she engaged in actions that violated their policies. Jani joined Real in September… The post Ravi Jani Appointed New CFO at The Real Brokerage With Ressler Ousted appeared first on RISMedia.

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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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What Would Help Buyers More: Eliminating GST Or Land Transfer Tax?

Toronto Realty Blog

TorontoRealtyBlog I really don’t want to talk about it. Or think about it. I can’t get into it. I think I’ll be sick. It makes me want to cry. It makes me want to remove the maple leaf tattoo on my back. I just ask one thing: once the election is over, can those of you who support you-know-who just try not to do too big a victory lap?

Land 73
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Rocket's new broker champion

Real Estate News

Katie Sweeney, Rocket Pros EVP of strategy and broker advocacy, is clear about her top priority: My job is to create leverage for brokers. Period.

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What Is AB 2801 and Why Landlords Need to Pay Attention

AAOA

AB 2801 , now active in California, is a security deposit law that changes the way landlords must handle security deposit documentation. The law requires property owners to: Provide itemized lists of deductions to tenants after move-out Include supporting documentation , such as receipts and photos Ensure all communication and documentation is shared in a timely, legally compliant format These rules are designed to protect tenants , but they also create a major shift in how landlords manage thei