What is a real estate broker vs. an agent? We explain the key differences

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about
Read MoreCFPB seeks settlement in Townstone Financial redlining dispute

The Consumer Financial Protection Bureau (CFPB) on Friday announced that it is seeking a settlement with Chicago-based Townstone Financial that would resolve a case over what the bureau calls “discriminatory lending practices and redlining African American neighborhoods in Chicago.”The proposed orde
Read MoreFirstTeam’s Michele Harrington talks innovative recruitment strategies for brokerages

In this week’s episode of the Power House podcast, host Diego Sanchez sits down with FirstTeam Real Estate CEO Michele Harrington for a provocative conversation about female empowerment, leadership in the real estate industry and recruitment strategies.This interview has been edited for length and c
Read MoreMISMO tech VP on what the reverse mortgage working group brings to the table

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in t
Read MoreSonu Mittal on Freddie Mac’s newest moves to lower lender, borrower costs

In the newest episode of the HousingWire Daily podcast, host Sarah Wheeler sits down with Freddie Mac’s Sonu Mittal — the agency’s senior vice president and head of single-family acquisitions — to explore its recently announced alternative to loan repurchases, as well as appraisal waivers and how th
Read MoreRep. Barbara Lee expresses interest in leading HUD if Harris becomes president

Rep. Barbara Lee (D), a member of the U.S. House of Representatives who serves California’s 12th Congressional district in the Oakland area, has signaled that she is interested in the role of secretary at the U.S. Department of Housing and Urban Development (HUD) if Vice President Kamala Harris is v
Read MoreOptimal Blue’s Joe Tyrrell on deciding where to use gen AI

Editor in Chief Sarah Wheeler sat down with Optimal Blue CEO Joe Tyrrell to talk about how the company decides where to deploy generative AI and why return on investment (ROI) for customers is paramount. Before arriving at Optimal Blue this year, Tyrrell served as president at ICE Mortgage Technolog
Read MoreNRMLA asks HUD to extend reporting timetable for cybersecurity incidents

The National Reverse Mortgage Lenders Association (NRMLA) said this week that it has submitted comments to the U.S. Department of Housing and Urban Development (HUD) requesting that the agency, at minimum, align its cybersecurity reporting requirements with those of Ginnie Mae. Ideally, however, it
Read MoreWhy did mortgage rates rise after the negative jobs report?
Update: Since publishing this story, mortgage spreads have improved from yesterday, so some lenders may have better pricing today.Today’s jobs report showed the lowest job-growth data for the year at 12,000. You would think this would cause the 10-year yield and mortgage rates to go lower. At first,
Read MoreIntroducing the 2024 HousingWire Tech Trendsetters!

HousingWire is excited to announce the honorees of this year’s Tech Trendsetters award. The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Similar to the HousingWire
Read MoreThe best real estate software for 2024: 17 top picks for agents + teams

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.It’s hard to overstate how dramatically real estate software has changed over the last few years. We went from clunky, slow, and expensive CRMs to AI-powered
Read MoreCreate your real estate marketing plan in 12 steps (+ template)

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Creating or evolving your real estate marketing plan is a critical aspect of every agent’s overall business plan. Your marketing plan will determine if and h
Read MoreCubiCasa launches AI tool that creates virtual home tours in minutes

Interior property data company CubiCasa announced the launch of an interactive touring product for listing agents. The new CubiCasa Tour product will create interactive, virtual property tours within minutes.The new product uses similar software to CubiCasa’s Floor Plans, another virtual listing too
Read MoreLower’s Dan Snyder on building a successful mortgage company

A recent episode of “The Loan Officer Podcast” features a high-profile guest masterclass. Host Dustin Owen sits down with Lower CEO Dan Snyder to explore his journey from studying law to founding a mortgage fintech platform, along with key entrepreneurial tips for aspiring originators.This interview
Read MoreNerdWallet enters the mortgage broker world with acquisition of Next Door Lending

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door.As part of the deal that closed Oct. 1, NerdWallet is pay
Read MorePurchase mortgage applicants are seeing more reasons to smile

By at least one measurement, affordability is improving for prospective homebuyers, even as home prices continue to rise and mortgage credit availability remains relatively low.According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applica
Read MoreYear of change: Real estate pros reflects on anniversary of Sitzer/Burnett verdict

It’s been one year since the Sitzer/Burnett verdict was rendered in Missouri. What has changed for real estate brokerages since then? (Image generated by AI in Midjourney)Editor’s note: This is the fourth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, whic
Read MoreFHFA to affordable housing sponsors: We hear you on FHLBank financing

The Federal Housing Finance Agency (FHFA) on Thursday said it will aim to simplify the process of funding affordable housing projects through the Federal Home Loan Banks (FHLBanks). The advisory bulletin came in response to comments by sponsors that have called the process too cumbersome.“Each of th
Read MoreClearValue teams with Restb.ai to bring computer vision to appraisal process

The real estate industry is racing to find ways that artificial intelligence (AI) can improve business practices. ClearValue Consulting thinks it’s found a way.The firm has partnered with Restb.ai to bring computer vision to its valuation review platform called Certainty. The companies hope Restb.ai
Read MoreBuying like it's 2021: Nearly half of recent buyers have a mortgage rate below 5%

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