I ran across this disturbing story on the Interwebz related to the horrible killings in Santa Barbara last year: A tearful mother of a college student slain in a rampage outside Santa Barbara last year said Tuesday that she and the parents of the first victims sued the county sheriff and other parties to prevent … Read more
A while back, I wrote a post about some possible problems and concerns with a new Fannie Mae program, called Collateral Underwriter, which is aimed at helping lenders evaluate appraisals and appraisers. As is often the case, that issue went completely under the radar while everyone was too busy arguing about HomesForSale.com or some new Zillow … Read more
Over on Facebook, an interesting and intelligent discussion broke out — which is news in and of itself, I realize. We weren’t discussing The Dress or llamas. Amazing. What we were discussing is MLS taking over syndication, something that Kipp Cooper at North Alabama pioneered. Here’s how it began: The responses were really interesting, and … Read more
Over on Facebook, an interesting and intelligent discussion broke out — which is news in and of itself, I realize. We weren’t discussing The Dress or llamas. Amazing. What we were discussing is MLS taking over syndication, something that Kipp Cooper at North Alabama pioneered. Here’s how it began: The responses were really interesting, and … Read more
I know some folks think I’m a Realogy homer. Well, given that’s where I got my start in the industry, maybe I’m a little bit guilty of that whole “cut me and I bleed blue” thing. But I think I’m actually calling things as I see them; I’ve been plenty critical of Realogy when they’ve … Read more
I’ll have some thoughts on Realogy/NRT’s new HomesForSale.com later, but I couldn’t resist this brief observation. I kinda knew the problem existed, but until this splashy website came along, we did not have the visual impact/evidence. If HomesForSale.com accomplishes nothing else, it really ought to wake up the industry (particularly the MLS) about the problem with … Read more
A couple of weeks ago, I learned about a new Fannie Mae program that was rolled out to lenders called Collateral Underwriter, or CU. From the press release: Fannie Mae created the online tool in 2013 to analyze appraisal data it had been receiving from lenders electronically since 2012. With the rollout in early 2015, … Read more
I just had a fascinating conversation with Victor Lund of WAV Group who is spearheading the Broker Public Portal effort. We discussed a variety of topics from governance to equity to internal politics, shape of the industry, competitiveness, Zillow, Trulia, brokerages, etc. etc. It was awesome, and my thanks to Victor for making the time. … Read more
If you’re in the real estate industry — and why wouldn’t you be if you’re reading this blog — then you know by now that our lords and masters have approved Zillow’s $3.5 billion acquisition of Trulia. The new entity is not named TruZilla, Destroyer of Tokyo; it’s named Zillow Group. I’ve had the opportunity to … Read more