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Tech Pulse: UWM challenges industry AI fear; Optimal Blue automates refi opportunities

Housing Wire

Optimal Blue introduces automated refi tool As refi activity shows signs of life, Optimal Blue launched a new tool to help loan officers capture refinance opportunities automatically. The tool, Capture for Originators, identifies leads, runs pricing, and preps borrower presentations — cutting hours of manual work.

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Case-Shiller home-price index slows, but rising mortgage rates could speed it up again

Housing Wire

According to Bright MLS, it’s the slowest annual gain in 2024 thus far and the first monthly decline since December 2022. Despite the Federal Reserve’s half-point interest rate cut in September, rates for 30-year conforming loans have climbed back up to 6.7%, according to HousingWire ’s Mortgage Rates Center. gain from July.

Mortgages 461
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ICE strikes multiyear deal with MLS-owned REdistribute 

Housing Wire

Intercontinental Exchange (ICE) announced a multiyear licensing agreement with REdistribute for permissioned access to multiple listing services (MLS) information. Launched in 2022 by BrightMLS and California Regional MLS , REdistribute is an MLS-owned company that includes licensed data from more than 40 MLSs.

MLS 409
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Startup aims to bring assumable mortgages to the masses

Real Estate News

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Shutterstock Industry Startup aims to bring assumable mortgages to the masses Could a new market emerge around homebuyers taking over a seller’s existing low interest rate loan? One proptech veteran thinks so. "It was almost shocking."

Mortgages 268
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Agents share dueling opinions on off-market listings

Housing Wire

We tell them, If you want maximum exposure, we go on the MLS. NAR’s recent new option for sellers Delayed Marketing Exempt Listings allows sellers to delay public marketing of their listings through IDX and syndication, while still having the properties listed on the MLS and accessible to other MLS participants.

Agents 376
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FHA updates loss-mitigation waterfall in new mortgage servicing guidance

Housing Wire

The ML also adds guardrails to mitigate the risk of redefault and ensure that borrowers receive the most appropriate loss mitigation option. The ML also adds guardrails to mitigate the risk of redefault and ensure that borrowers receive the most appropriate loss mitigation option.

Mortgages 364
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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

It explicitly allows for such offers to be made off-MLS, however. If sellers cannot notify buyers about offers off-MLS, many buyers will not have the information they need to determine whether a home purchase is financially feasible. Rolling the fees into the mortgage” leaves the buyer with a higher interest rate.