RIS Media

NOVEMBER 9, 2023

United Wholesale Mortgage (UWM) continues to fight against the tide in the third quarter, reporting earnings of $29.7 billion in loan originations and overall strong financials in their recent earnings report. The company saw a large net loss in Q1, coming in at $138.6 million, but executives have remained steadfast that the company would turn… The post United Mortgage Keeps Winning in Q3, Overcoming Market Challenges appeared first on RISMedia.

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Housing Wire

NOVEMBER 9, 2023

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. 9, the largest one-week decrease since last November. The 30-year, fixed mortgage averaged 7.5% as of Nov. 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.76% and up from 7.08% the same week a year ago.

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Keeping Current Matters

NOVEMBER 9, 2023

For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes.

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VA loan Loans 357

Housing Wire

NOVEMBER 9, 2023

A total of 2,256 homebuyer assistance programs are available in the U.S. housing market after 54 programs were added in the third quarter, according to Down Payment Resource (DPR), a homebuyer assistance program data and solutions firm. Among the available homebuyer assistance programs were 295 that allow borrowers to lower their interest rates by paying an upfront fee, according to DPR’s homeownership program index report.

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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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Real Estate News

NOVEMBER 9, 2023

Mortgage rates took a dive this week, experiencing the largest one-week decline in a year.

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Housing Wire

NOVEMBER 9, 2023

Democratic lawmakers in the U.S. Senate and U.S. House of Representatives are introducing a new bill to the legislature today designed to both “preserve” and “revitalize” manufactured home communities across the United States. Spearheaded by U.S. Senators Catherine Cortez Masto (D-Nev.), Jeanne Shaheen (D-N.H.) and Tina Smith (D-Minn.), U.S. Rep. Suzanne Bonamici (D-Ore.) introduced the bicameral legislation in the House.

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Housing Wire

NOVEMBER 9, 2023

In her first video appearance since the jury verdict in the Sitzer/Burnett commission lawsuit , National Association of Realtors president Tracy Kasper told NAR members that she shares their disappointment in the decision. “The jury reached an outcome that was neither supported by the law nor the facts that were presented in this case,” Kasper said in a video posted Thrusday.

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Real Estate News

NOVEMBER 9, 2023

Tracey Kasper addressed Realtors in a video post, offering specific advice for working with buyers and sellers, and a look ahead to other legal actions.

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Housing Wire

NOVEMBER 9, 2023

CoreLogic announced on Thursday the launch of “ScanToSketch,” an augmented reality (AR)-based property measuring and sketching tool to create home appraisal reports. Developed using CoreLogic’s appraisal software brand “a la mode,” the tool has been used to complete roughly 20,000 property sketches. So far, its data has been featured in over 12,000 appraisal reports, according to CoreLogic.

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Inman

NOVEMBER 9, 2023

Realtor.com parent company Move Inc.'s revenue declined 16 percent to $142 million in the fiscal first quarter. Despite the loss, CEO Robert Thomson remained bullish about the portal's long-term prospects.

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Technology 197

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

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Housing Wire

NOVEMBER 9, 2023

Mr. Cooper Group announced on Thursday that certain systems it locked down in early November after a cyberattack have resumed operations. Still, the incident will bring additional costs to the company in the fourth quarter. On Oct. 31, Dallas-based Mr. Cooper disclosed that it had experienced a cybersecurity incident. An unauthorized third party accessed certain of its technology systems and customer data.

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Finance Technology Investor Mortgages 458

Inman

NOVEMBER 9, 2023

Some NAR staffers and members had called for Gland's resignation, alleging she allowed a toxic work environment to flourish.

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Housing Wire

NOVEMBER 9, 2023

For Regina Braga, the president of Res/Title, the verdict in the Sitzer/Burnett commission lawsuit did not come as a surprise. “We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said.

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Inman

NOVEMBER 9, 2023

The Blackstone Team is based in Providence and closed more than $95 million in sales volume last year. The team's move to Compass comes amid intense competition for top talent.

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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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Housing Wire

NOVEMBER 9, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Rick Arvielo, co-founder and CEO of New American Funding (NAF), to talk about AI, why he chose to start NAF Technology India and how to keep NAF innovative. This interview has been edited for length and clarity. Sarah Wheeler: New American Funding is known for building rather than buying technology.

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Inman

NOVEMBER 9, 2023

More than 4 million homeowners send their mortgage payments to Mr. Cooper, but it's unclear how many had their data exposed as the company continues to investigate a breach discovered on Halloween.

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Housing Wire

NOVEMBER 9, 2023

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. But how are the non-QM lenders faring? According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. “Our pipeline is up about 24% since July and we’re going to fund almost 23% more loans in 2023 than we did in 2022,” he said.

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Inman

NOVEMBER 9, 2023

Join Phil Stringer and take a deep dive into how AI is reshaping the industry and how you can implement helpful tools into your business for 2024 and beyond.

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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.

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Housing Wire

NOVEMBER 9, 2023

In mid-October amidst ongoing controversy, the National Association of Realtors (NAR) announced it has changed its commission rule , also known as its Participation Rule. It now allows listing brokers to offer buyer brokers $0 in compensation when listing a home in any of the 500 Realtor-affiliated MLS s across the U.S. With the NAR playing a pivotal role in shaping the industry’s landscape, there are many opinions on what this new commission rule means — or doesn’t mean — for the legal i

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Inman

NOVEMBER 9, 2023

Over the past few months, 34 agents have joined The Agency from Compass' Northern California offices. In total, The Agency has brought on 72 agents in the region over the course of 2023.

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Agents Technology Brokerage 183

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The two companies issued the first-ever securitization backed entirely by HEIs in 2021, a bet that rising home-price appreciation can benefit consumers in the short-term and investors in the long-term. Point closed on its first bond issuance rated by DBRS Morningstar on Oct. 31.

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Inman

NOVEMBER 9, 2023

While transactions fell 15 percent from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13 percent.

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Housing Wire

NOVEMBER 9, 2023

Fannie Mae and Freddie Mac jointly announced this week that they have entered a new critical edit phase for their Uniform Closing Dataset (UCD) as of Nov. 6, informing lenders that they must address quality issues for “fatal data points” before delivering loans to either of the government-sponsored enterprises. The UCD is a reference file that lenders use to share key information about a mortgage loan with organizations like Fannie Mae and Freddie Mac, particularly about the Closing Disclosure (

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Inman

NOVEMBER 9, 2023

The Australian image marketing company is the latest preferred partner of LeadingRE’s Solutions Group, a body of vendors chosen to represent a wide range of technologies and service providers.

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Technology Marketing 179

Housing Wire

NOVEMBER 9, 2023

Longtime National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement, according to an email sent by CEO Bob Goldberg to NAR members and obtained by HousingWire. Gland, who has been with the trade group for 38 years, most recently served as NAR’s head of talent development and resources. She will officially leave NAR at the end of the calendar year.

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Inman

NOVEMBER 9, 2023

In its war to grab market share from the hotel industry, Airbnb rolls out features that seek to take out the surprises that can come at check-in.

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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.

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Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. The integrated end-to-end digital mortgage white-labeled platform aims to cut origination costs and helps partners limit operational volatility in the current interest rate environment, Better said Thursday in announcing the launch.

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Inman

NOVEMBER 9, 2023

RealStat is a new interface from Revaluate, the company recognized for its ability to predict the potential that a homeowner will list their property.

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Technology 174

Housing Wire

NOVEMBER 9, 2023

Jeff Whiteside, eXp World Holdings ’ chief financial officer, has stepped down from his position, the company announced on Thursday. The brokerage already initiated a search process to find a replacement. Meanwhile, Whiteside, who was CFO for five years, will stay at the company until Dec. 1 to support the transition. Until a new CFO is appointed, Kent Cheng, eXp World Holdings ’ chief accounting officer, will serve as the eXp’s principal financial officer, the company said in a statement. ̶

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Inman

NOVEMBER 9, 2023

Following a multiyear legal battle, Judge Joseph Lipner ruled that Carl Westcott presented "no credible evidence" that he lacked the mental capacity to sign the deal with Perry and Bloom in 2020.

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