Housing Wire

JANUARY 9, 2024

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. Admittedly, it’s easy to see that most people will require some sort of long-term care later in life,” writes retirement advisor Jerry Golden.

Mortgages 509

Mortgages Equity Finance Industrial 509

Housing Wire

FEBRUARY 1, 2024

Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard , to talk about his focus on transforming servicing, what really counts with data and the right approach to using artificial intelligence. Generative AI is obviously a huge milestone in terms of the development of overall AI.

Technology 395

Technology Industrial Banks Agents 395

Housing Wire

MARCH 21, 2024

Navigating knowns and unknowns The current “knowns” for these MLSs and associations are the terms of NAR’s settlement agreement, which includes a variety of changes to the industry. On a couple of our webinars, we said that we expected it to happen by the end of the summer, so the timing wasn’t really a surprise either.”

MLS 410

MLS Agents Industrial Brokerage 410

Housing Wire

APRIL 4, 2024

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. This is according to local reporting by a Houston ABC News affiliate.

Construction 437

Construction As-is Finance Marketing 437

Housing Wire

MARCH 12, 2024

Affordability challenge workarounds In the face of affordability challenges, Latino migration to lower-cost areas and the use of co-borrowers were more common in 2023. Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% In total, more than 9.5 of overall U.S. of overall U.S. And the 49.5%

FHA loan 454

FHA loan Loans Finance Lending 454

Housing Wire

APRIL 23, 2024

Through the terms of the deal, stockholders will get $2.75 Florence criticized the lead diversion model used by other listing portals, stating that it could become “stressed.” But the company posted a net profit of only $7 million, significantly less than in previous quarters. each, representing a value of $2.1 Florance said.

Sales 339

Sales Residential Branding Brokerage 339

Housing Wire

APRIL 17, 2024

Once federal regulations were adopted some years ago, the Home Equity Conversion Mortgage (HECM) eliminated many of the problems we came to associate with the term reverse mortgage,” Robinson told the MarketWatch blog. “I I used to dislike reverse mortgages. But this take is not universal.

Mortgages 426

Mortgages Equity Loans As-is 426

Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

Construction 463

Construction Finance Land Design 463

Housing Wire

DECEMBER 11, 2023

Under the terms of the settlement , EasyKnock has agreed to permanently end its sale-leaseback solution in Massachusetts, pay $200,000 to the state, return “tens of thousands of dollars of improperly held funds” to consumers, and make changes to its business practices.

Sales 342

Sales Equity Residential Technology 342

Housing Wire

MARCH 19, 2024

NAR’s settlement, which includes terms like mandatory buyer agency agreements and a ban on displaying offers of cooperative compensation on MLS platforms, only covers real estate brokerages that recorded $2 billion or less in transaction volume in 2022. billion ), Douglas Elliman ($42.8 billion ), Hanna Holdings ($36.7

Brokerage 453

Brokerage Industrial MLS Sales 453

Housing Wire

APRIL 9, 2024

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle a redlining case.

Lending 373

Lending Banks Mortgages Loan Officer 373

Housing Wire

MARCH 19, 2024

It can be used as a channel for mortgage holders to seek assistance in times of distress, or as a platform for lenders to advertise opportunities for equity-based loans or refinancing. “At That is a common goal we share.

Technology 417

Technology Banks Mortgages Equity 417

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. It never will be. I’ll explain later.)

Agents 406

Agents Seller concession Closing costs Mortgages 406

Housing Wire

MARCH 28, 2024

Many were excited about the current or potential use cases for artificial intelligence , while others were a bit more jaded. Below are excerpts that show how some of those executives are using AI. Shayan Hamidi, REchat CEO : I think if you want to innovate, you need to be able to think long-term.

Industrial 296

Industrial Technology Loans Closing 296

Housing Wire

OCTOBER 12, 2023

When we see transactions that are executed at a price that is materially different than FMV, it is usually because the deal terms are imbalanced, favoring either the buyer or the seller. FMV is based on what we consider neutral terms, where the risk is equally shared between the buyer and the seller. the purchase price).

Brokerage 411

Brokerage Closing As-is Agents 411

Housing Wire

MARCH 8, 2024

While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term. Based on the notion that far too many U.S. Hometap, as an investor, provides cash in exchange for a share of their home’s future value.

Equity 373

Equity Marketing Investor Loans 373

Housing Wire

MARCH 19, 2024

Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders. Lender Intelligence can be used in conjunction with Polly’s PPE and Loan Trading Exchange for pricing decisions. Lenders can also license Polly’s raw data for use in tandem with existing in-house tools.

Technology 395

Technology Loans Mortgages Banks 395

Housing Wire

APRIL 11, 2024

He noted that he has used his college experience as an NCAA Division 1 scholarship diver, as well as a stunt diver at summer amusement park shows, to help him into the right frame of mind to navigate these challenges. “I I used to do high dives from 75 feet; I used to get lit on fire and paid for it,” Sears said. “I

VA loan 416

VA loan Loans As-is Development 416

Housing Wire

MARCH 25, 2024

Using trending videos, educational content and humor to reveal all the secrets about buying a house, Betley, known as @thatmortgageguy , has reached 870,000 followers and garnered 15.5 TikTok reported in March 2023 that 150 million Americans use the short-form video app. ban of the short-form video app. million ‘likes’ on TikTok. “I’ve

Loan Officer 404

Loan Officer Loans Lending Mortgages 404

Housing Wire

MARCH 18, 2024

It can also be used as a channel for mortgage holders to seek assistance in times of distress. Lennar will also use multiple other data and analytics solutions powered by ICE’s mortgage dataset to further mitigate risk and support data-driven decision-making. Lennar Mortgage , a financial services subsidiary of Lennar Corp.

Loans 422

Loans Mortgages Technology Finance 422

Housing Wire

APRIL 12, 2024

But the utility of eliminating a forward mortgage payment still has the potential to add value for reverse mortgage borrowers, along with a raft of disbursement options such as a standby line of credit or monthly term payments, Simmons added. There are so many people who can benefit from this today, even with the rates the way they are.”

Mortgages 400

Mortgages Equity Lending Industrial 400

Housing Wire

APRIL 24, 2024

Online rent collection helps automate an otherwise often clunky system that might include checks or payment services, and smart home amenities can help optimize energy use and increase security. In spite of some slowdown, rents have continued to appreciate, being nearly 30% higher than prior to the pandemic, with February levels up 3.5%

Marketing 423

Marketing Investor Technology Industrial 423

Housing Wire

APRIL 15, 2024

The real estate professionals we serve count on us to provide holistic property data to power their tools, give them insights they can use to advise their clients, and help them do business. Gene Millman, president and CEO, REcolorado The value of the MLS cannot be understated. Here’s what he had to say about the future of the MLS.

MLS 414

MLS Industrial Title Agents 414

Housing Wire

MARCH 15, 2024

These efforts include having open house programs to help seller agents and co-marketing home listings with these professionals, using social media to reach borrowers, and sometimes buying leads, according to Kortas. These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals.

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

DECEMBER 21, 2023

Earlier in my life, I was directed away from using a VA loan when I purchased my first home. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. To be fair, negative perceptions of the VA loan are often rooted in negative experiences in the past.

VA loan 437

VA loan Loans Mortgages Lending 437

Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

Loans 492

Loans Principal Mortgages Real-estate owned 492

Housing Wire

SEPTEMBER 7, 2023

Homeowners can now see potential short-term rental income estimates on Realtor.com thanks to an integration with Airbnb. Short-term rental earnings estimates for hosting one room or the entire house will be available to homeowners via Realtor.com’s My Home dashboard, according to an announcement on Thursday. for short-term rentals.

Equity 388

Equity Mortgages As-is Marketing 388

Housing Wire

JANUARY 30, 2024

There were large variations by state in the use of services during the last three years of life.” “There were large variations by state in the use of services during the last three years of life.” A retrospective cohort was assembled from Medicare beneficiaries who died in 2018, and a 10% random sample of the cohort was analyzed.”

Industrial 444

Industrial As-is Mortgages 444

Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. The buyer can use those funds for anything they would like, including paying their agent, if they choose.” Don’t panic.

Purchase and sale agreement 428

Purchase and sale agreement Agents Seller concession MLS 428

Housing Wire

JANUARY 2, 2024

And I think that’s what will put regional pressure in terms of more and less on home prices.” However, HECM for Purchase (H4P) — a comparatively lesser-used HECM variant — could be used to allow more older Americans to purchase a new home using a reverse mortgage. That will grow to encompass 21% of the total U.S.

Marketing 512

Marketing Equity Industrial Mortgages 512

Housing Wire

JANUARY 18, 2024

HMBS] issuers could also use Ginnie Mae–guaranteed commercial paper to fund the Ginnie Mae–required buyouts of loans that have hit their 98 percent maximum claim amount or have become inactive,” Tozer’s Urban piece explained. Ted Tozer “To me, it sounds like they’re responding to this, which I think is really great,” he said.

Development 410

Development Loans Banks Mortgages 410

Housing Wire

APRIL 18, 2024

It continued to contribute data and academic information about the reverse mortgage product and its potential use as a retirement planning tool. “We The lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

Equity 376

Equity Loan Officer Mortgages Industrial 376

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. Generate seller leads using AI Artificial Intelligence (or AI) is changing the way agents work in so many ways, and that includes how we generate seller leads.

Agents 410

Agents Land As-is Marketing 410

Housing Wire

MARCH 28, 2024

Going forward, Better is focused on driving market share and reaching profitability in the medium term. Further, the seasoned loan officers are providing an increased level of service to consumers that enable us to improve revenue for loans while remaining market competitive.” Better Home & Finance Holding Co. ,

Loan Officer 418

Loan Officer VA loan Loans Technology 418

Housing Wire

MARCH 8, 2024

For real estate professionals , turning networking into a regular practice is key to long-term success. Forging genuine relationships lays a foundation of trust and mutual respect, which are essential for long-term success and collaboration. Success in the real estate industry hinges not just on what you know, but who you know.

Agents 387

Agents As-is Industrial Marketing 387

Housing Wire

MARCH 13, 2024

While ChatGPT has become a go-to tool for many of us, predictive analytics tools offer a more efficient, data-driven approach to generating new client leads. Using AI tools can streamline your lead generation efforts, helping you focus your time and energy on the most promising prospects. Visit Top Producer 2.

Agents 405

Agents Staging Commercial Technology 405

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

Closing 423

Closing Mortgages Industrial Loan Officer 423