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Home2023September

Month: September 2023

New York Post

Outrage and calls to preserve Marilyn Monroe’s only house increase after facing demolition

September 8, 2023 Mariel Alumit Comments Off on Outrage and calls to preserve Marilyn Monroe’s only house increase after facing demolition

The only home that Marilyn Monroe ever owned, and where she passed away, seems close to the brink of demolition — leaving fans and preservationists in a state of dismay. The Post exclusively reported this […]

Housing Wire

eXp Realty opens up profit sharing program to new agents

September 8, 2023 Mariel Alumit Comments Off on eXp Realty opens up profit sharing program to new agents

Glenn Sanford’s eXp Realty is getting in on the revenue share program changes. The brokerage on Thursday launched Accelerate, an incentive program that helps agents maximize their revenue share earning potential during their first year […]

Housing Wire

Freddie Mac CEO Michael DeVito to retire in 2024

September 8, 2023 Mariel Alumit Comments Off on Freddie Mac CEO Michael DeVito to retire in 2024

Freddie Mac on Friday announced that Michael DeVito will retire as CEO in the first quarter of 2024 after less than three years in the job. DeVito has communicated his intention to the board of directors, […]

Housing Wire

How lenders can help lessen home insurance shopping headaches for borrowers

September 8, 2023 Mariel Alumit Comments Off on How lenders can help lessen home insurance shopping headaches for borrowers

Getting the home insurance required to close is often more complicated than it needs to be. HousingWire recently spoke with Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about the […]

Home
Housing Wire

Report: Home envy is reshaping the American dream

September 8, 2023 Mariel Alumit Comments Off on Report: Home envy is reshaping the American dream

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online […]

Housing Wire

Net Promoter System creator joins eXp board

September 8, 2023 Mariel Alumit Comments Off on Net Promoter System creator joins eXp board

The board of directors of eXp World Holdings, the parent company of eXp Realty, has appointed Fred Reichheld to the board as an independent member. Reichheld is the creator of the Net Promoter System, which […]

Agents
Housing Wire

Agents, level up your real estate game

September 8, 2023 Mariel Alumit Comments Off on Agents, level up your real estate game

Our industry thrives on personal connections. That’s why in-person events are so important. Here are some key takeaways from the BuiltHOW event that I host alongside Ben Kinney, and Chris Suarez. 1. Play chess, not […]

Housing Wire

Opinion: Automate title status check info with AI

September 8, 2023 Mariel Alumit Comments Off on Opinion: Automate title status check info with AI

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. It’s not a point of pride or badge of honor […]

Housing Wire

Homeowners in the West continue to see equity losses: CoreLogic

September 8, 2023 Mariel Alumit Comments Off on Homeowners in the West continue to see equity losses: CoreLogic

The total number of mortgaged residential properties in the U.S. with negative home equity decreased 6% in the second quarter from the prior quarter, according to CoreLogic Homeowner Equity Insights quarterly report. Conditions have improved in […]

Wells Fargo
Housing Wire

Wells Fargo launches alliance with AREAA to promote homeownership

September 8, 2023 Mariel Alumit Comments Off on Wells Fargo launches alliance with AREAA to promote homeownership

As part of its broader affordable housing initiatives, Wells Fargo will sponsor a homeownership program alongside the Asian Real Estate Association of America. The Wells Fargo-AREAA alliance will focus specifically on sustainable homeownership for first-time […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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