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  • Fannie/Freddie
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  • Guest Host – VP Client Relations – Jaysen Greenleaf
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Password this week is: BeInTheGame!

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Click Here for the video

Quick recap

The meeting began with holiday-themed discussions and announcements about client updates, including the cancellation of certain industry surveys and the introduction of new AI features. The team discussed major legislative changes affecting the housing market, including updates on housing regulations, environmental reviews, and the potential impact of new insurance programs. The conversation ended with detailed planning for an upcoming conference, including discussions about client attendance, registration processes, and the importance of maintaining professional relationships with key clients and platforms.

Summary

Holiday Impact on Housing Data

The meeting began with Michael hosting a holiday-themed session, noting the absence of several team members including Sarah, Henry, and Cliff. Michael discussed the unusual absence of GSE servicing bulletins this year and the cancellation of Fannie and Freddie’s monthly home buying survey, which he interpreted as significant. Jason was introduced as the guest host to share major client announcements, and Michael encouraged attendees to unsubscribe from unnecessary email lists to reduce clutter. The conversation ended with a reminder that the next NRBA video news would be on hold during the holidays.

NRB Updates and Conference Changes

Michael announced the next NRB video news will be on January 7th, and on January 8th, a Zoom expert will demonstrate new AI features and capabilities, including automated webinar management and interactive screen effects. He explained that early bird registration for the NRBA conference ends on January 15th, and the conference has been moved to Green Valley Ranch due to better terms and conditions. Michael also mentioned that the Certified Short Sale course beta test was successful, with feedback incorporated, and that the course now has additional modules added.

Platform Updates and Data Changes

Michael discussed updates on a beta-tested platform, mentioning that it now has more than twice the content and a new registration process. He encouraged beta testers to provide thorough feedback and mentioned that the platform would be ready for public use after the year. Michael also highlighted changes in Fannie and Freddie’s data releases, noting a reduction in published information and the discontinuation of certain economic forecasts. He suggested that politics might impact the flow of information, and warned about potential delays in closings due to the expiration of the federal flood insurance program.

Credit Reporting and Housing Legislation

Michael discussed the impact of increased credit reporting fees on the mortgage industry and emphasized the importance of requiring pre-qualification letters to include a credit pull. He advised agents to demand this in MLS remarks to protect sellers. Michael also highlighted the potential passage of the Road to Housing Act, which aims to incentivize local governments to ease housing regulations and reduce environmental approval processes, noting that this could affect builders, inventory, and market prices. He mentioned that a statutory definition of manufactured or modular homes could simplify lending and financing, and that a grant program for manufactured home communities and adjustments to home insurance programs are also part of the proposed legislation.

Michael discussed the new housing legislation, which will eliminate duplicate environmental reviews, exempt certain development categories, and expand income eligibility for affordable housing programs. He emphasized the importance of agents being knowledgeable about these changes and advised them to stand out by being well-informed. Michael also covered the increasing delinquency rates in commercial and multifamily properties, the potential impact of a new Zillow lawsuit on consumer trust, and the Federal Reserve’s likely interest rate cut. He concluded by warning about the growth of the second lien market and its potential risks.

Pre-Qualification Verification and Asset Transfers

The meeting focused on several key topics. Jaysen and Michael discussed the importance of verifying pre-qualification letters, particularly from Wells Fargo, due to past issues with their credibility. They emphasized the need to request credit reports as part of the deal process to avoid potential issues. Jaysen shared two emails highlighting the importance of being listed on relevant platforms and ensuring business cards clearly identify brokers’ locations. The group also discussed ADR’s transfer of assets from Home Partners of America to Tricon, noting that Tricon is now managing these assets in-house, with Peak Harbor as their sole outsourcer for most properties.

Peak Harbor and Spectrum Solutions

The meeting focused on two main topics: Peak Harbor’s loyalty to the organization and the return of Spectrum Solutions to the REO market. Michael emphasized the importance of providing excellent service to Peak Harbor, a loyal client. Jaysen shared a personal connection with Jim from Peak Harbor and mentioned receiving a text about finding an agent in a specific city. The group discussed the difference between their approach to client relationships and that of another organization that publicly boasts about client interactions. Regarding Spectrum Solutions, Jaysen shared that Matt Martin, a long-time industry figure known for government contracts, had reached out to him. Matt introduced Jaysen to Talia Ramirez and her team, who are seeking nationwide coverage for their new AMC services. Jaysen encouraged members to sign up for the new opportunity as soon as possible, noting that while Spectrum Solutions will use their contractors in some cases, they also plan to work with existing agents in other situations.

Conference Invitation and Logistics

The team discussed the upcoming conference and clarified the invitation process. Jaysen explained that about 200 people would be invited, focusing on those who can provide or assign business. Michael emphasized the importance of political correctness in invitations, advising to check with Jaysen before extending invites to avoid offending key personnel. The team agreed to communicate via email about conference-related matters, with Jaysen requesting immediate notification about client confirmations. They also clarified that clients attending the conference would have their registration covered, along with hotel accommodations, while being responsible for their own travel expenses.

Conference Logistics and Registration Planning

The meeting focused on conference logistics and registration details. Jaysen and Michael discussed the political challenges of managing client attendance and the financial implications of conference costs. They emphasized the importance of communication with Jaysen requesting all conference-related emails be sent to him for record-keeping. Shay provided clarification on conference timing, registration process, and hotel arrangements, while Michael explained the manual handling of conference registrations by Member Services. Jaysen also addressed questions about Tricon’s platform status, indicating it would likely remain unchanged for the foreseeable future.

Enhancing Marketing and Business Strategies

The meeting covered several topics, including event planning challenges with hotels, particularly in Las Vegas, and the importance of effective marketing strategies. Michael emphasized the need for members to focus on branding and social media engagement, suggesting a daily 15-minute commitment to LinkedIn and Facebook posts. He also highlighted a legal case in New York that could impact foreclosure practices and the need for members to complete a list of 25 tasks to enhance their business performance. The group discussed the importance of prioritizing tasks and avoiding distractions, with Michael encouraging members to set realistic goals and resolve to improve their marketing efforts in the new year.

Short Sales and Technology Updates

The meeting covered several topics, including personal updates, discussions on cost per lead, and the importance of investing in technology or leads for realtors. Michael explained the changes and opportunities in short sales, emphasizing the need for agents to adapt to new rules and regulations. He also introduced a new Certified Short Sale Expert course and a directory for agents specializing in short sales. The group discussed the transition to Equator for managing offers and the importance of updating profiles across various platforms. Michael mentioned upcoming changes and new clients joining Equator, advising members to check their accounts and consider a premium subscription. The conversation ended with a reminder about the upcoming NRBA conference and the need for current Master Brokers to reapply for 2026.