The National Association of Mortgage Brokers (NAMB) on Monday issued a letter of support for the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform. CHLA‘s white paper, released last week, urged Congress to roll back the loan originator compensation rule to focus on its original purpose — a ban on yield […]
NAMB issues support for CHLA white paper on LO compensation Read More »
The world of real estate is constantly in flux, yet one thing remains true: Lead generation is one of the most important requirements for maintaining a successful real estate business. In today’s economy, with interest rates on mortgages stubbornly perched around 7% and dwindling inventory in most states, today’s agents must get creative to keep
15 real estate lead generation ideas (+ expert tips & tools) Read More »
Zillow is not buying Compass’s claims that its listing standards policy has or ever will cause “irreparable harm” to the nation’s top brokerage by sales volume. On Monday, the listing portal giant filed two letters in response to Compass’s motion for a preliminary injunction and its motion for expedited discovery. The responses come just a
Zillow fires back against Compass’s claims of ‘irreparable harm’ Read More »
As each year passes, social media usage continues to grow in the real estate world. According to the National Association of Realtors, 87% of real estate agents use Facebook and 62% use Instagram. Add to that the fact that millennials still make up the largest percentage of recent home buyers at 29%, and it’s in
31 Real Estate Social Media Post Ideas to Engage Your Audience Read More »
When the National Association of Realtors’ (NAR) agreed to implement mandatory buyer representation agreements as part of its commission lawsuit settlement agreement, the trade group said it was in the name of increased transparency. It’s with this same goal in mind that Northwest MLS (NWMLS) said it chose to implement referral fee disclosures. “Northwest MLS
Are broker-to-broker referral fees next in the real estate hot seat? Read More »
Soaring home prices, limited inventory and elevated mortgage rates have exacerbated the housing affordability crisis in many housing markets when viewed in the context of household incomes, which have remained generally stagnant. In a new study, Zillow compiled related metrics to measure the affordability gap in terms of how much more income a household would
The five housing markets where homeownership is still affordable Read More »
April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the “mid 6’s.” Many lenders were able to quote 6.5% at the time. Just a few days ago, we noted there was still a ways to go before breaking below those early April levels, but the past few days have
Mortgage Rates Take Another Step Toward April Lows Read More »
Bill Pulte, the head of an oversight agency for mortgage giants Fannie Mae and Freddie Mac, is planning “a full scale review” of the credit bureaus. The director of the entity formerly known as the Federal Housing Finance Agency posted the statement on X Friday afternoon, and subsequently indicated on early Monday he also wants
Pulte plans ‘full scale review” of credit bureaus Read More »
Even as some factors causing current affordability challenges show signs of easing, a new study points to how high a barrier many aspiring buyers still have to get over to achieve homeownership. To afford a typical U.S. home currently priced at $367,969, households earning today’s median salary would need an additional $17,670 in annual income
Buyers need up to $250K more in income in some cities Read More »
A HUD employee has pleaded guilty to making false claims about her remote work activity, costing the government over $200,000. Crissy Monique Baker, 45, of Fairfax, Virginia, will be sentenced in September to a single charge of fraud that allegedly occurred while she was employed by the Department of Housing and Urban Development between 2021
Ex-HUD staffer pleads guilty to false claim over remote work Read More »