Housing Wire

MARCH 24, 2025

To classify these sales, Zillow identified sales that were reported pending or closed with at most one day active and with a buyer and seller represented by the same agent or by agents within the same brokerage office, the report stated. Zillow said only this subset of off-MLS transactions was included in the analysis.

MLS 501

MLS Sales New Construction Construction 501

Housing Wire

DECEMBER 17, 2024

The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage. The defendants in the suit did not respond to HousingWire s requests for comment.

Earnest money deposit 397

Earnest money deposit Purchase and sale agreement Title Banks 397

Housing Wire

NOVEMBER 15, 2023

Providence, Rhode Island-based Citizens Bank , the 28th largest U.S. Citizens was among the few large depository banks operating in retail, wholesale and correspondent in the mortgage space. However, shrinking mortgage volume caused by high mortgage rates and fiercer competition have challenged the bank’s strategy.

Banks 468

Banks Mortgages Finance Brokerage 468

Housing Wire

SEPTEMBER 23, 2024

The Real Brokerage has expanded its footprint into the Richmond, Virginia , area. Reed brought a banking and finance background to real estate when she became an agent in 2016 and has shown a knack for marketing. The addition of Nicole Reed Real Estate & Associates shows that the brokerage isn’t done expanding. “We

Brokerage 448

Brokerage Agents Finance Technology 448

Housing Wire

MAY 16, 2024

Through this merger , Corcoran Baer & McIntosh will welcome Woodward Realty Group’s 26 agents, bringing the brokerage ’s agent count to more than 130. Corcoran Baer & McIntosh now boasts a total of seven offices that serve Rockland and Orange counties in New York, along with Monmouth and Bergen counties in New Jersey.

Brokerage 447

Brokerage Branding Banks Agents 447

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. Canada’s central bank Bank of Canada raised interest rates by a full percentage point on Wednesday to 2.5%, marking the largest one-time increase since 1998.

Brokerage 435

Brokerage Mortgages Banks Lending 435

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Lending 418

Lending Brokerage Mortgages Banks 418

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. “Rocket went public and the times have changed.

Lending 459

Lending Brokerage Loan Officer Loans 459

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 448

Brokerage Mortgages Loan Officer Banks 448

Housing Wire

APRIL 6, 2023

The Federal Deposit Insurance Corporation (FDIC) has decided, in a “gradual and orderly” move, to sell a portfolio of $114 billion in mortgage-backed securities (MBS) it retained after seizing control of failed regional banks Signature Bank and Silicon Valley Bank (SVB). To illustrate, SVB failed to raise capital to plug a $1.8

Banks 395

Banks Commercial Mortgages Brokerage 395

Housing Wire

MARCH 11, 2025

Milestone, the largest brokerage in Massachusetts over the past three years, said the companies will be able to combine Willow’s top-drawer proprietary technology platform with Milestone’s federal registration and state licensing footprint. Bristol County Savings Bank bought into Milestone in 2022.

Loans 370

Loans Mortgages Loan Officer Technology 370

Housing Wire

MARCH 4, 2025

The bill passed the Alabama House of Representatives in mid-February and is currently on the calendar of the state Senates banking and insurance committee for further review. But the agent and their client would be required to execute a written brokerage agreement to submit an offer on a property.

Brokerage 371

Brokerage Agents As-is Banks 371

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. The survey, conducted weekly since 1990, covers 75% of all U.S.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

Housing Wire

FEBRUARY 24, 2022

million in revenue during Q4, primarily due to fewer agent recruiting initiatives versus the prior year, a price increase in RE/MAX continuing franchise fees, increased events-related revenue, and growth in RE/MAX’s mortgage brokerage franchise, Motto Mortgage. The post RE/MAX banks on organic growth in 2022? over Q4 2020.

Banks 396

Banks Brokerage Investor Agents 396

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. The plug-and-play and brokerage routes. trillion in loans, about half of 2021’s $4.4

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean? Data cleanliness can make or break a transaction!

Due diligence 447

Due diligence Brokerage Staging Agents 447

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

SEPTEMBER 10, 2024

Instead of building a better mousetrap to “capture” leads, AgentFire’s websites ooze personality and charm to help you create a personal connection with potential leads — without breaking the bank. Upgrades are quick and easy via their Salesforce-style Add-Ons Marketplace. Users seem to agree; AgentFire is rated above 4.8

Brokerage 448

Brokerage Agents Branding Land 448

Housing Wire

MARCH 3, 2025

The community bank has completed its acquisition of First American Mortgage, Inc. , a small mortgage lender and brokerage based in the suburbs of Oklahoma City. Bank7 is expanding its mortgage reach in Oklahoma. Yukon-based First American Mortgage, Inc.

Mortgages 282

Mortgages Bankruptcy Title Brokerage 282

Housing Wire

APRIL 17, 2024

All this leaves housing professionals once again fighting for their share of shrinking pies – as we have observed with recently released mortgage data and RealTrends Verified’s brokerage data , as well as deeper dives on the brokerage landscapes in Jacksonville and San Diego.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

BAM Media

OCTOBER 22, 2024

Real RISE 2024 kicks off today, October 22nd, with some exciting new developments in AI and fintech for real estate agents who’ve joined (or will join) the brokerage. Pritesh Damani Chief Technology Officer of Real Real agents also have access to banking services through Real Wallet: Real agents based in the U.S. and Canada.

Brokerage 98

Brokerage Development Branding Technology 98

Housing Wire

JULY 18, 2022

And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months. Bank, Citi and Bank of America looking to expand the ranks of LOs. Founded in 1870, the bank has about 65 LOs. A quick scan of job boards shows depositories such as U.S.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

MAY 28, 2024

Fathom Holdings , the parent company of cloud-based real estate brokerage Fathom Realty , appointed Jon Gwin as chief operating officer. Gwin brings a wealth of experience to the role, having previously held executive positions at American Financial Network , Wachovia Bank , Wells Fargo and Accredited Home Lenders.

Industrial 448

Industrial Title Brokerage Branding 448

Housing Wire

AUGUST 26, 2024

Their brokerage firms, which rely on a split of those commissions for revenue, may also find themselves in a tough spot. Data from real estate accounting software provider AccountTech shows that brokerages with profit margins of 3% or less run the risk of falling into the red with even a minor decline in commission rates.

Brokerage 511

Brokerage Agents Industrial Banks 511

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. We are excited to be with a brokerage with such high standards for ethics, professionalism, and organization,” DelRose Jr. also serves as a trustee at Watertown Savings Bank.

Brokerage 459

Brokerage Residential Commercial Development 459

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. million shares to the investment banks underwriting the initial public offering. would give the brokerage a “fully diluted market value of $12.5

Marketing 438

Marketing Brokerage Residential Banks 438

Housing Wire

OCTOBER 24, 2023

last year, has joined brokerage firm UMortgage , the company announced on Tuesday. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. and Paramount Bank.

VA loan 448

VA loan Loans Loan Officer Brokerage 448

Housing Wire

JANUARY 14, 2022

HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate. investment bank in Los Angeles.

Brokerage 448

Brokerage Loan Officer Banks Agents 448

Housing Wire

MAY 13, 2021

Compass has successfully become a publicly traded company, but the residential brokerage continues to lose money and it has unclear plans to generate more revenue. Compass CEO Robert Reffkin said that the brokerage is “expanding our adjacent service business” into title and escrow, and “plans to provide” mortgage services.

Mortgages 435

Mortgages Brokerage Title Residential 435

Housing Wire

APRIL 17, 2023

NAF is looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business. The two lenders will each own 50% stake in the JV.

Brokerage 396

Brokerage Banks Loan Officer Mortgages 396

Housing Wire

FEBRUARY 14, 2025

In response, many brokerage firms have adapted their business models to navigate these challenges. brokerage firms continues to decline, sitting near 10% by the end of 2024. Additionally, segmentation among brokerage firms is likely to increase, driven by differences in cost structures and technology adoption.

Brokerage 219

Brokerage Residential Industrial Technology 219

Housing Wire

JULY 15, 2022

The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. The higher rate environment and a more competitive landscape were responsible for the dip, executives at the bank said Friday. billion in the same period of 2021.

Mortgages 459

Mortgages Lending Banks Brokerage 459

Housing Wire

MARCH 22, 2023

Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates , following the turbulence in the financial markets caused by regional bank failures. Mortgage-backed securities, usually long-term investments and one of the last resources to improve banks’ liquidity, are among these assets.

Mortgages 435

Mortgages Banks Loans Brokerage 435

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 459

Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

JUNE 3, 2022

An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. Mortgage banking companies, on the other hand, employed 290,400 full time employees as of April 30, 2022, up 500 from the end of March. Presented by: Auction.com.

Residential 482

Residential Construction Renovation Banks 482

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. My frequent reporting on issues of wire fraud definitely made me wary heading into the closing, and we ultimately decided to use a bank check for my cash to close. Funny you should ask.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

JUNE 27, 2022

“There really are hardly any winners in the mortgage industry,” said Joe Garrett, founder of banking and mortgage banking consulting firm Garrett, Mcauley & Co. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Marketing 468

Marketing Brokerage Loan Officer Mortgages 468