Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) “as soon as possible” will eliminate upfront fees for certain borrowers and affordable mortgage products, which is part of an ongoing review of Fannie Mae and Freddie Mac ’s guarantee fee pricing framework initiated in 2021. The agency will also implement targeted increases to the upfront fees for most cash-out refinance loans, beginning February 1, 2033, to “minimize market and pipeline disruption,” according to an announcement on Monday.

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Loans Finance Staging Mortgages 418

Keeping Current Matters

OCTOBER 24, 2022

If you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved.

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Pre-approval 234

Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) on Monday announced that it is replacing the Classic FICO credit model, which Fannie Mae and Freddie Mac have relied on for nearly 20 years, for the FICO 10T and VantageScore 4.0. “They will provide more accurate credit scores, and we believe the market, including investors, will be provided with an improved understanding of risk from not just one but two different credit score models,” Sandra Thompson, the FHFA’s director, said during

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Finance Investor Technology Mortgages 468

HomeLight

OCTOBER 24, 2022

A stunning, well-appointed kitchen makes cooking and entertaining a breeze. Plus, upgrading the heart of the home attracts buyers and helps raise home value. But before you can host your next dinner party in your dream kitchen, you’ll have to drum up the cash for upgrades. So just how much is it to remodel a kitchen? Here’s the short answer: According to Harvard University’s Center for Joint Housing Studies, homeowners spend an average of $6,329 for a minor kitchen update and $42,816 for a major

Renovation 124

Renovation Loans Equity Design 124

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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.

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Housing Wire

OCTOBER 24, 2022

Ginnie Mae President Alanna McCargo on Monday announced changes to the re-pooling seasoning requirement for re-performing loans, which it says will increase issuer liquidity. The government mortgage insurer will shorten the seasoning requirement from six months to three months and allow issuers the option to pool re-performing loans into TBA-eligible Ginnie Mae II Multi-Issuer Pools.

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Loans Mortgages Industrial Marketing 435

Sotheby's International Real Estate

OCTOBER 24, 2022

????. Sotheby’s Luxury Week, a sale series that showcases the best of the best in each discipline, elevates luxury to the level of art. Encompassing Jewelry, Watches, Collector Cars, Designer Handbags, Sneakers and Wine, this sale series is a testament to the new definition of luxury and the evolving role played by auction houses in the sector. Explore the extraordinary pieces on offer through November 15.

Design 121

Design Sales 121

The Residential Specialist

OCTOBER 24, 2022

As the real estate market shifts, expert agents share what the industry will look like heading into 2023. By Caroline Heller. 2022 marked the beginning of the end for what was an unprecedented seller’s market. Mortgage interest rates climbed from around 3% to above 5%, and by June 2022 inflation had reached its highest annual rate since November 1981.

Marketing 111

Marketing FHA loan Loans Closing costs 111

Housing Wire

OCTOBER 24, 2022

Within the span of a week, San Francisco-based digital real estate unicorn Roofstock completed its first property sale through non-fungible token (NFT) and laid off about 20% of its workforce. A Roofstock spokesperson told SFGATE that owing to the “economic environment,” the company believes the decision to be an “appropriate adjustment” — but did not specify how many people were laid off.

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Investor Title Renovation As-is 418

Maximum Exposure Real Estate

OCTOBER 24, 2022

Tips For Firing a Real Estate Agent When you decide to sell your house, choosing the right Realtor® is one of the most important parts of the process. You need someone you can depend on, someone you get along with, and someone that will help you achieve your sales goals. But even when you do […]. The post How to Fire A Realtor appeared first on Maximum Real Estate Exposure.

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Agents Sales Marketing 111

Housing Wire

OCTOBER 24, 2022

Three Washington, D.C.-based real estate firms — DARO Management Services, DARO Realty and Infinity Real Estate — and company executive Carissa Barry, have been handed a hefty $10 million civil penalty as part of a settlement for illegally discriminating against low-income renters using Section 8 vouchers for housing. According to Washington Attorney General Karl Racine, this is largest civil penalty in the nation’s history to be awarded in a housing discrimination case.

Property Management 418

Property Management Renovation Residential Technology 418

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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Eye on Housing

OCTOBER 24, 2022

The share of adults planning a home purchase within a year rose to 15% in the third quarter of 2022, up from 13% in the first half of the year. The marginal increase suggests that the prospect of higher mortgage rates in the near term may be leading a small segment of consumers to consider the purchase of a home.

Mortgages 100

Mortgages 100

Housing Wire

OCTOBER 24, 2022

On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. Rocco, the CEO of Grandbridge Real Estate , a commercial real estate investment bank subsidiary of Truist Bank , said he’s laser-focused on strengthening the MBA’s affordable housing initiatives amid an affordability crisis. “I joined the company in 1998, and over nearly 25 years, affordable housing has always been a stra

Banks 418

Banks Commercial Lending Staging 418

Bigger Pockets

OCTOBER 24, 2022

Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running […].

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Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The price of new listings is dropping. More homes are taking price reductions. And, there are fewer immediate sales. Of course, some of what we’re seeing is exacerbated by seasonality — prices normally retreat in the fall, and there’s much less activity over the winter.

Marketing 345

Marketing Mortgages Equity Days on market 345

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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.

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BubbleInfo

OCTOBER 24, 2022

Between trying to watch the Padres game on my phone and the crowds of people looking at the house yesterday, I couldn’t get any more footage than this: After having roughly 300 people attend the two open houses, we have received 14 offers! We have countered all of the offers because agents don’t know who […].

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Agents 97

Housing Wire

OCTOBER 24, 2022

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by nonbanks. Mortgage advisory firms Prestwick Mortgage Group and partner Mortgage Capital Trading (MCT); Incenter Mortgage Advisors ; and MIAC Analytics are out with a total of 10 bulk mortgage-servicing rights (MSR) offerings with bid-due dates in October.

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Principal Banks Loans Mortgages 334

Bigger Pockets

OCTOBER 24, 2022

I know what I am about to say may be unpopular—even controversial. But I believe that my advice on deciding which lender, or lenders, you will work with will resonate […].

Finance 96

Finance Mortgages 96

Housing Wire

OCTOBER 24, 2022

HousingWire recently spoke with Kevin Koon-Koon, chief technology officer at Grid 151, about streamlining and simplifying how mortgage lenders interact with the rest of the ecosystem. HousingWire: What are some common challenges lenders face when it comes to interacting with the rest of the mortgage ecosystem? Kevin Koon-Koon: Many mortgage lenders have invested heavily into technology, people and process improvement to modernize the homebuying journey.

Mortgages 321

Mortgages Title Technology Industrial 321

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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

Eye on Housing

OCTOBER 24, 2022

Nonfarm payroll employment increased in 44 states and the District of Columbia in September compared to the previous month while six states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 263,000 in September, following a gain of 315,000 jobs in August. On a month-over-month basis, employment data was strong in Florida, which.

Construction 93

Construction Marketing 93

Maximum Exposure Real Estate

OCTOBER 24, 2022

Do you know what a real estate broker is and how they work? When you begin the process of buying or selling a home, you may not realize there is any difference between a real estate agent and a broker. Sometimes, when someone refers to a real estate broker, they are actually talking about a […]. The post Understanding Real Estate Brokerage and How Brokers Work appeared first on Maximum Real Estate Exposure.

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Brokerage Agents Marketing 91

Realty Biz

OCTOBER 24, 2022

The US real estate market is worth an estimated $226.8 billion in 2022 , making it a prime target for cybercriminals looking to make a quick buck by hacking into databases and stealing information on properties that are up for sale or rent. With so much at stake, cyber attacks can be particularly devastating for realtors. Unfortunately, not everyone is sure how to actively protect their business against it.

Agents 91

Agents Commercial As-is Sales 91

BubbleInfo

OCTOBER 24, 2022

The local Case-Shiller index is due tomorrow, and expectations are for a 2% drop from June. First American has their own repeat-sales index which is already showing a 12% decline in San Diego pricing (above). [link] While the -12% over six months is probably a surprise to people who think pricing is downward sticky, it’s […].

Sales 90

Sales Marketing 90

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Agents

Notorious ROB

OCTOBER 24, 2022

This will be a quick one. Just had lunch with a friend and client who has been a broker for decades. We got to talking about what we both think is headed our way in the next several quarters. Basically, doom for real estate in a variety of ways as the Fed tries its best to kill the economy — particularly buying homes. We got to talking about comparisons of what we expect to see in 2023 vs. what we both saw in 2008.

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Brokerage Bankruptcy Property Management Title 88

The American Genius for Real Estate

OCTOBER 24, 2022

EXCLUSIVE: Why is NAR leaving Las Vegas for next year's massive conference, and where will it now be?

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Brownstoner

OCTOBER 24, 2022

The historic mansion at 441 Willoughby Avenue might be gone, but local resolve to enact change in the city's landmarking and development processes, and hold developer Tomer Erlich accountable for his actions, is building. Around 30 people, including elected officials, gathered outside the former-Jacob Dangler mansion's empty lot Saturday, calling for… Read More > The post Bed Stuy Locals Rally to Stop Sale of Dangler Mansion Site, Call for LPC Chair to Resign appeared first on Brownsto

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Sales Development 85

HomeLight

OCTOBER 24, 2022

Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. You’re constantly working to win that next appointment, listing, or new client — but without a specific strategy, it’s tough to beat the competition. What works for one person, won’t work for everyone.

Sales 85

Sales Agents As-is Technology 85

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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

Realty Biz

OCTOBER 24, 2022

Better Homes and Gardens Real Estate LLC, the leading real estate lifestyle brand, officially welcomed its new 2022 affiliates to the network at last week’s Owners’ Retreat for Better Homes and Gardens ® Real Estate brokerage leadership held Oct. 17-19 and during its APEX ® event, the brand’s annual event for award-winning agents held Oct. 19-21 in Miami, Fla.

Branding 83

Branding New Construction Construction Brokerage 83

Real Trends

OCTOBER 24, 2022

“Autumn shows us how beautiful it is to let things go.” As we dive deep into the fourth and final quarter of yet another strange and unpredictable real estate year, this is a great time to pause and reflect. Then, buckle up, and finish strong with a solid pipeline going into 2023! As someone who supports and coaches a lot of real estate agents, this has been an emotional pivot: navigating terminating deals , quickly-changing affordability, and of course a rapid decrease in production

Technology 79

Technology Marketing Staging Agents 79

BubbleInfo

OCTOBER 24, 2022

What does an uptick in both actives and pendings mean? The local market has finally succumbed to the trend of higher inventory and declining interest, or We’ve hit bottom! After the beating the market has taken over the last 3-4 months, you’d think sellers would be discouraged and just wait until the 2023 Spring Selling […].

Marketing 78

Marketing 78

RISMedia

OCTOBER 24, 2022

By Meghan Belnap In today’s world, everyone is looking for ways to stay safe. For most of us, the home is the one place where we can feel the safest. That doesn’t mean that your home is entirely secure, though. You could be the target of theft, vandalism or other issues. Fortunately, you can make […]. The post 4 Ways to Improve Home Security appeared first on RISMedia's Housecall.

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