The gap between home appraisals and sale prices is rising.That’s according to a new report from Corporate Settlement Solutions (CSS), which analyzed 10 states on the East Coast and Midwest for the share of properties that were appraised for more than the sale price, in addition to the average value

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while. Single-family permits f

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of

Six U.S. regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs). In June, the Office of the Comptroller of the Currency (OCC) and the Federa

The U.S. Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA). These sales have been tested by HUD since 2002, but HUD said

Compass continues to welcome top-producing agents to the firm. Earlier this month, the brokerage announced that it was welcoming 30 agents in South Florida from the Engel & Völkers-brokered SWF Premium Real Estate Team.The team will be part of Compass’ newly opened office in downtown Naples.“We are

VIU by HUBVIU by HUB is a digitally-enabled personal lines brokerage platform that seamlessly integrates into the home-buying experience. Clients can quickly shop, purchase, and manage their insurance in a complex market, thus a timely value-add for customers. For partners, VIU provides new ancillar

Solex®Solex® delivers an end-to-end digital mortgage closing solution, integrating eDelivery, eSign, eClose, eVault, and more, to streamline transactions, boost efficiency, ensure compliance, and enhance the experience for lenders, borrowers, and settlement agents. Combined with ConformX®, our digit

Financial Services Cloud + Einstein 1Financial Services Cloud connects and centralizes customer data from core banking, wealth, and loan origination platforms, creating a single, unified view of the customer. This enables personalized engagement using purpose-built automation. This streamlined appro

Portfolio Intelligence and MonitoringServicing a mortgage portfolio is a daunting challenge with hidden risks, requiring a holistic view and strong understanding of your portfolio.Portfolio Intelligence and Monitoring provides the business intelligence you need to make informed decisions. All transa

The state of Montana may not be a key source of business for the reverse mortgage industry, but that doesn’t negate the reality that seniors who reside there might find the product useful for reaching some kind of financial goal. That can be a challenge if they live in an unusual or uniquely constru

Mortgage insurer Radian Group plans to lay off 70 employees in Pennsylvania in September, according to a Worker Adjustment and Retraining Notification (WARN) sent to the state’s Department of Labor and Industry.The jobs cut will affect Radian’s corporate headquarters in Delaware County, with the sep

HomeSmart International has joined the growing list of brokerages that have settled the commission lawsuits. The firm filed a notice of its nationwide settlement agreement on Tuesday in the consolidated Gibson and Umpa suits. The runner entered into the Gibson suit docket does not include details of

In conjunction with President Joe Biden’s announcement of a new housing proposal on Tuesday, the U.S. Department of Housing and Urban Development (HUD) has awarded $325 million to 15 cities and housing authorities as part of the Choice Neighborhoods Implementation Grant program.The sum is roughly in

Even as a federal law designed to protect income for retirees turns 50 this year, the cry to reform retirement benefits seems to be growing louder than ever.This rising chorus includes The New York Times, which recently published an article titled, “The $25 Trillion System of Retirement Savings Need

The North Carolina Regional MLS (NCRMLS) has expanded into Georgia. According to an announcement on Monday, the MLS has recently welcomed the strategic additions of Savannah MLS, Athens Area Association of Realtors and Classic MLS, and the Realtors of Greater Augusta into its fold. “Georgia’s partne

CoStar Group continues to strengthen its executive team as the “portal wars” heat up. On Thursday, the firm announced the return of former vice president of investor and public relations, Richard Simonelli, after five years away from the firm, along with the promotion of Cyndi Eakin to chief account

President Joe Biden will propose on Tuesday a nationwide cap on rent hikes of 5% per year, according to The Washington Post, which cites “three people familiar with the matter.”The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply

In court documents filed last week, Official Partners co-founder Tal Alexander denied allegations that he participated in the sexual assault of an acquaintance, Angelica Parker, who claims in a lawsuit that Tal and younger brother Alon Alexander raped her while Alon’s twin brother, Oren Alexander, w