GSEs will not count buyer agent commissions as IPCs

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an update to their selling guides but … Continue readingGSEs will not count buyer agent commissions as IPCs

Reuters: Reverse mortgages can help caregivers avoid ‘raiding’ savings

As older people increasingly express their preference to age in place in their own homes, family members will oftentimes be required to provide some semblance of care for their loved ones in later life. Caregiving challenges can be compounded if there’s only one child in … Continue readingReuters: Reverse mortgages can help caregivers avoid ‘raiding’ savings

A&D Mortgage revamps its partner portal

Wholesale lender A&D Mortgage unveiled a new and enhanced version of its partner portal, Artificial Intelligence in Mortgage, or AMI, on Monday. The AI-powered portal integrates advanced technologies into A&D Mortgage’s existing partner portal. It notably features a more intuitive user interface, seamless point-of-sale integration, … Continue readingA&D Mortgage revamps its partner portal

Profit-sharing lawsuits continue to pile up on Keller Williams

Keller Williams was named to an additional class-action lawsuit this week that takes issue with alterations made to the brokerage’s profit-sharing program.  In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, … Continue readingProfit-sharing lawsuits continue to pile up on Keller Williams

Nevada governor urges Biden to act on affordable housing

Nevada Gov. Joe Lombardo (R) has submitted a letter to President Joe Biden, urging him to decrease federal spending and to take action on affordable housing issues. “A particularly acute concern to Nevadans is the housing market, which is reeling from the combined effects of … Continue readingNevada governor urges Biden to act on affordable housing

As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. If this scenario … Continue readingAs a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Q2 AgentPulse survey: Low inventory is greatest challenge

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago, they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. The survey, which was … Continue readingQ2 AgentPulse survey: Low inventory is greatest challenge

NAMB partners with Roomvu on digital marketing efforts

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. The new partnership will make digital marketing easier for NAMB members to market their services with automation tools to create … Continue readingNAMB partners with Roomvu on digital marketing efforts

REcolorado MLS CEO on the power of data and the MLS

Gene Millman, president and CEO, REcolorado The value of the MLS cannot be understated. REcolorado has strategically boosted that value with a focus on building a trusted, cooperative, and comprehensive real estate marketplace to position customers for success. With the real estate industry adjusting to … Continue readingREcolorado MLS CEO on the power of data and the MLS