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Author name: Ricky Vasquez

North Carolina real estate office reopens after Hurricane Helene devastation

Brokerage, HUD, Hurricane, Natural Disaster, North Carolina, Real Estate /

Premier Sotheby’s International Realty has reopened its office in Asheville, North Carolina, marking a significant milestone in the region’s recovery from Hurricane Helene. The real estate agency, which was severely damaged in the storm, underwent extensive restoration over the past nine months. Its reopening was commemorated with a ceremony on June 16, where a plaque […]

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The importance of meeting older customers where they are with AI technology

Appraisals, Artificial Intelligence, HWmember, Longbridge Financial, Reverse, Technology /

The expanding ubiquity of artificial intelligence (AI) across all facets of life is not showing any signs of a slowdown — and that includes its interactions with the reverse mortgage industry. Bill Packer, chief operating officer of Longbridge Financial, previously explained how senior-focused tailoring of AI systems can help overcome issues tied to perceived institutional

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Without VASP, veterans don’t have a foreclosure safety net

Congress, Delinquencies, Department of Veterans Affairs, Foreclosure, HWmember, Legislation, Mortgage, Mortgage Servicing, NPR, Politics, Veterans /

There are about 80,000 veterans in the U.S. who are behind on their mortgages and heading toward foreclosure, according to data from ICE Mortgage Technology, a number that could have been alleviated with help from the Veteran Affairs Servicing Purchase (VASP) program. But just last month, the program was abruptly discontinued by the U.S. Department of Veterans

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Netflix-featured real estate agent killed in hit-and-run

Agent, Brokerage, HWmember, Luxury Real Estate, Manhattan, New York, Real Estate, Real Estate Agents /

A New York real estate agent known for her appearance on Netflix’s “Million Dollar Beach House” was killed in a hit-and-run Thursday afternoon in the Hamptons, according to local reports. Sara Burack, 40, was found unconscious on a Hampton Bays road on Thursday afternoon. Authorities said she was pronounced dead at the scene. The driver

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Top agents on how they built successful revenue share downlines

Brokerage, eXp Realty, HWmember, Real Estate, Real Estate Agents, RealTrends Verified Rankings, The Real Brokerage /

Real estate brokerages with revenue share models provide agents with a way to generate income beyond closing transactions with their own clients. But when it comes to creating a robust revenue-share downline, agents at two revenue share brokerages — eXp Realty and The Real Brokerage — say there is no one right way to build

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Redfin data reinforces boomers’ desires to remain in their homes

Aging in Place, Baby Boomer, Gen X, Gen Z, HWmember, Millennials, Redfin, Reverse /

Adding fuel to what the baby boomer generation has been consistently saying for some time, a new Redfin survey shows that one-third of all boomer homeowners have no intention of selling their home. This further legitimizes claims that a “silver tsunami” of housing inventory is unlikely to materialize from older homeowners. While another 30% said

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Mortgage servicers benefit most from Fed’s inaction: KBW

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations, Servicing /

In the aftermath of the Federal Open Market Committee’s June meeting, certain interest rate spreads should narrow, but the overall impact for mortgages is mixed, a Keefe, Bruyette & Woods report said. Part of that depends on which segment of the industry the company operates in. Mortgage rates remaining elevated, with the 30-year fixed only

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Top Treasury official wants to ‘Americanize’ any Basel rule

Politics and policy, Regulation and compliance, Treasury Department /

Stefani Reynolds/Bloomberg The Treasury Department is working with the bank regulators to finish the U.S.’s Basel committee-pursuant capital standards with an eye to clearing obstacles for American firms and “harmonizing” regulation of the financial system, the deputy secretary said Friday. Michael Faulkender said parts of the capital framework issued by the Basel committee would be

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Foreclosure protection from zombie seconds signed into law

Connecticut, Foreclosures, Politics and policy, Servicing /

A new bill signed into law this month is set to protect some New England homeowners from foreclosure on years-old zombie seconds many likely had forgotten existed.    Connecticut Gov. Ned Lamont signed new legislation into law earlier this month that establishes protections for borrowers with secondary piggyback or 80/20 mortgages whose last payments were recorded

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