Morning Roundup (12/5/2023) — Talking About NAR

Good Morning! Today is Tuesday, December 5. Hackers gained the personal data of nearly seven million profiles on 23AndMe. A former ambassador is accused of working for years as a secret agent for Cuba. Israel has started an invasion of southern Gaza.

The Mortgage Note Reports

Talking About NAR: People are talking about the possible ramifications of the legal actions being taken against the National Association of Realtors, including the president and CEO of United Wholesale Mortgage.

Guild CMO: Adam O’Daniel joined Guild Mortgage as chief marketing officer.

Lending Tech: POS provider Floify launched a one-stop lending platform for brokers, Floify Broker Edition.

Holiday Home Sales: The holiday season can be a tricky time of year in the real estate industry. Writer Nicole Murray talked to industry professionals to get tips for sellers and their agents to make this month a success.

In other mortgage and housing news…

Equity Tap Out: Homeowners gained equity in Q3 but high interest rates are deterring them from using it, with withdrawal rates running at less than half their long-run averages.

Prices Now And Later: Single-family home price growth increased by 4.7% YOY in September, but CoreLogic predicts it will relax to 2.9% by October 2024.

Not Willing To Wait: Prospective homebuyers’ patience may be waning, with fewer willing to wait until home prices or interest rates come down to purchase a home.

More News: Snapdocs was selected by NAF as its eClosing platform; Newrez launched Meybohm Mortgage, serving GA and SC; Lone Wolf and Better integrated to provide simpler mortgage prequalification to their clients.

Inspection Tech: ACI introduced an appraisal inspection solution that allows appraisers to conduct a full inspection onsite from their phones.