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Home2023September

Month: September 2023

NAR
Housing Wire

Lawyer letter details NAR’s internal harassment investigation

September 11, 2023 Mariel Alumit Comments Off on Lawyer letter details NAR’s internal harassment investigation

As Tracey Kasper, the National Association of Realtor’s newly appointed president, put it, the trade group is “grappling with a very difficult situation.” Kasper made the comment during a five-minute-long video message to members and […]

Housing Wire

Housing inventory is barely positive heading into fall

September 11, 2023 Mariel Alumit Comments Off on Housing inventory is barely positive heading into fall

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Does this mean housing inventory has begun its seasonal decline? Here are the weekly numbers: Weekly active listings rose […]

Housing Wire

Rate lock volume plummets in least affordable housing market in 40 years

September 11, 2023 Mariel Alumit Comments Off on Rate lock volume plummets in least affordable housing market in 40 years

Rate lock volume fell 1.5% in August, the third consecutive decline as mortgage rates climbed to the highest level in more than 20 years. Overall lock volumes were down 9.5% over the last three months […]

IMB
Housing Wire

This growing IMB aims to capture leads through its proprietary tech, not agent referrals

September 11, 2023 Mariel Alumit Comments Off on This growing IMB aims to capture leads through its proprietary tech, not agent referrals

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. And it’s looking to expand. The New York-based independent bank exceeded its 2022 production volume of $400 million in […]

Housing Wire

Opinion: Who will buy the mortgages?

September 11, 2023 Mariel Alumit Comments Off on Opinion: Who will buy the mortgages?

The question many in capital markets have been asking since the GSEs were put into conservatorship is this: Without Fannie, Freddie, or the Fed, who will buy the agency MBS? Today we are seeing this […]

Housing Wire

What’s influencing the increase in REO acquisitions?

September 11, 2023 Mariel Alumit Comments Off on What’s influencing the increase in REO acquisitions?

HousingWire recently spoke with Michael Chew, SVP of Fulfillment, Asset/Rental Management at Consolidated Analytics, about REO assets, the economic factors influencing the increase in REO acquisitions and how technology can help with REO asset management. […]

From reactive to proactive: reshaping QC for today’s mortgage landscape
Housing Wire

From reactive to proactive: reshaping QC for today’s mortgage landscape

September 11, 2023 Mariel Alumit Comments Off on From reactive to proactive: reshaping QC for today’s mortgage landscape

The mortgage industry has witnessed its fair share of tribulations and transformations, but its response to those challenges and changes is often a tale of reactiveness. While no one can truly predict the future, there […]

Housing Wire

The Real Brokerage CTO shares all things AI and practical uses

September 11, 2023 Mariel Alumit Comments Off on The Real Brokerage CTO shares all things AI and practical uses

In today’s RealTrending Pritesh Damani, CTO for The Real Brokerage, shares how his team developed Leo, an AI assistant for teams and brokers. More than that, he discusses potential uses for brokerage leaders in streamlining […]

Housing Wire

EasyKnock acquires home maintenance platform Onder

September 11, 2023 Mariel Alumit Comments Off on EasyKnock acquires home maintenance platform Onder

Residential sale-leaseback platform EasyKnock continues to gobble up proptech startups. Home maintenance company Onder is EasyKnock’s latest acquisition, according to GeekWire, which first reported the story. The terms of the acquisition were not disclosed. Founded […]

No Picture
Air Bnb Newsroom

James Manyika to join Airbnb’s Board of Directors

September 11, 2023 Mariel Alumit Comments Off on James Manyika to join Airbnb’s Board of Directors

We are happy to announce that James Manyika is joining Airbnb’s Board of Directors. His appointment to the Board is effective immediately and he will chair the board’s Stakeholder Committee. Currently Google’s Senior Vice President […]

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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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