The Mortgage Bankers Association (MBA) appointed Madisyn Rhone as vice president of legislative affairs, the trade organization announced on Monday. In her new role, Rhone will be responsible for advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on Democratic members of the
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The U.S. Department of Housing and Urban Development (HUD) on Monday announced that it would be bringing its Innovative Housing Showcase back to the National Mall in Washington, D.C., this June. The event is designed to highlights housing solutions and “advancements in housing design, technology and sustainability.” Taking place on
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PennyMac Financial Services has paid $158.4 million to Black Knight Servicing Technologies, concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. An arbitrator issued the final award on Jan. 12, reducing Black Knight’s monetary damages from $155.2 million plus interest, granted as
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Roomvu, a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. market. Backed by venture fund Second Century Ventures, Roomvu has been recognized as one of Canada’s 20 most
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Strong demand, coupled with a lack of existing housing inventory and comparatively lower mortgage rates continue to drive buyers to new home construction, Homebuilder confidence continued its upward trajectory for the fourth straight month in March as builders await future rate cuts by the Federal Reserve. The National Association of
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Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. This
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Generally, people respect entrepreneurs. The show “Shark Tank” takes this notion to a new level as the entire program — successful season after season — glorifies entrepreneurialism and equates it with “The American Dream.” The secular success of Silicon Valley and the enshrinement of venture capital in the edifice of America (and
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For agents navigating and servicing the American housing market, acknowledging its profound evolution over recent decades is crucial. Today’s landscape is quite different from that of 50 or even just 10 years ago. One of the most notable shifts is the surge in home prices, reaching unprecedented and often out-of-reach
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It’s spring 2024 and we have a Federal Reserve meeting this week. The 10-year yield is at the same critical point as last year before the Fed went hawkish and sent mortgage rates to 8% and the 10-year yield to 5%. Could this happen again? This is the week the
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The National Association of Realtors (NAR) settlement of commission lawsuits nationwide is expected to force mortgage lenders and loan officers to find new ways of approaching listing agents and borrowers, give LOs a more significant role in the home-buying process, and encourage housing professionals to pursue dual-licensing, industry experts told
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“It’s been evident since the jury in Kansas City delivered a multi-billion dollar verdict, after barely a few hours of deliberations, that a global settlement including NAR was the only viable resolution,” Green wrote in an email. “With several of the major brokerage houses already having settled, NAR was in
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Study after study has shown that nurturing your database should yield you at least a 10% return. This means that when you have 100 people in your database, and they’re hearing from you regularly with something of value, at least 10 of those contacts should either transact with you or
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