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.

Mortgages 106

Mortgages Marketing Loans Industrial 106

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.

Mortgages 466

Mortgages MLS Loans Investor 466

Real Estate News

NOVEMBER 9, 2023

Strong growth was the theme of the quarter despite a net loss. CEO Tamir Poleg also said he believed Real will come out ahead should commissions rules change.

Agents 306

Agents 306

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.

FHA loan 458

FHA loan VA loan Finance Loans 458

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Agents

Real Estate News

NOVEMBER 9, 2023

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

Sales 328

Sales Mortgages 328

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.

Agents 431

Agents Industrial As-is Marketing 431

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.

Technology 430

Technology Branding Development Industrial 430

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.

VA loan 255

VA loan Loans 255

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.

Finance 427

Finance Technology Investor Mortgages 427

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.

Technology 191

Technology 191

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Loans

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.

Purchase and sale agreement 409

Purchase and sale agreement Title Agents Equity 409

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.

Closing 184

Closing Sales Brokerage Industrial 184

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.

Technology 404

Technology Development Loan Officer As-is 404

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.

Mortgages 177

Mortgages Loans Technology 177

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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

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.

Lending 399

Lending Investor Loans Banks 399

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.

Agents 168

Agents Brokerage Industrial Marketing 168

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

Agents 407

Agents Industrial Development MLS 407

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.

Technology 163

Technology Marketing 163

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

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.

Development 403

Development Agents As-is Finance 403

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.

Agents 155

Agents Brokerage Technology 155

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.

Mortgages 397

Mortgages Finance Technology Loans 397

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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Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

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. ̶

Principal 385

Principal Brokerage Agents As-is 385

Inman

NOVEMBER 9, 2023

Find out how this powerhouse NYC team, led by Lindsay Barton Barrett and Maggie Marshall, built their business and what they're glad they didn't know before they got into real estate.

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160

RIS Media

NOVEMBER 9, 2023

When choosing a place to call home, one of the most fundamental decisions is whether to reside in the suburbs or the city. Both settings offer distinct lifestyles and advantages, catering to various preferences and needs. To make an informed decision, it’s essential to understand what suburban areas are, what the suburbs entail, and what… The post Living in The Suburbs vs.

Development 140

Development Industrial Agents 140

Inman

NOVEMBER 9, 2023

From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we've got the news you can use about the dollars and cents that are driving the real estate economy right now.

Brokerage 159

Brokerage Investor Agents Marketing 159

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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

Agents

Eye on Housing

NOVEMBER 9, 2023

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of July and end of September.

Mortgages 131

Mortgages Construction 131

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.

Industrial 160

Industrial Agents 160

Seattle Times Real Estate

NOVEMBER 9, 2023

The woman who refused to pay rent while at a Los Angeles Airbnb for 570 days was recently escorted off the property by police. She's locked out but the legal fight may drag on.

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127

Inman

NOVEMBER 9, 2023

To get ahead, you have to stay rooted in proven practices while being ready to adapt to the inevitable change ahead, says luxury consultant Chris Pollinger. Here's how to put a modern twist on traditional strategies.

Agents 148

Agents Marketing 148

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales