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Aging in place, high equity impact moving activity

Housing Wire

Citing a December study by senior advocacy organization AARP regarding the general preferences a majority of older Americans have for aging in place, real estate agents told the outlet that the preference is having an impact on their businesses among older Americans. Representatives from Fairway Independent Mortgage Corp.

Equity 348
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FirstTeam begins national expansion, introduces new agent compensation plan

Housing Wire

Founded in 1976, FirstTeam operates more than 46 offices with 2,200-plus sales agents. “FirstTeam’s impressive growth is fueled by a robust ecosystem designed to nurture agents at every stage of their career,” said Michele Harrington , the companys CEO. . The firm is among the largest privately held U.S.

Agents 358
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Education and problem solving are keys to reverse for purchase business, agents say

Housing Wire

The Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business. It would allow older homeowners to use a reverse mortgage to purchase a new home. Plus, they have a little extra cash left over.

Agents 392
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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. The settlement requires listing agents to stop making offers of compensation for buyer’s agents on Multiple Listing Services (MLSs). It explicitly allows for such offers to be made off-MLS, however.

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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

billion in equity. We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan, all in a matter of minutes. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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Distressed homeowners have a new path to avoid foreclosure

Housing Wire

For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity. Every distressed customer deserved a chance to protect their equity, and Auction.com is going beyond auctions to make that possible, President Ali Haralson said in a statement.

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Home equity investment startup Splitero launches its own real estate brokerage

Housing Wire

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Launched in 2021, Splitero’s main focus is on home equity investments (HEI), which differs from home equity lines of credit (HELOC). So that’s a major differentiator from us and other agents.”

Equity 432