Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Closing 416

Closing Mortgages Lending Technology 416

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 458

Sales Mortgages Principal Equity 458

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

Inspection 459

Inspection Closing Closing costs Title search 459

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy. We will soon find out.

Construction 510

Construction Residential Sales Mortgages 510

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Sales 482

Sales New Construction Staging Mortgages 482

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion. in a deal valued at $500 million in cash and retained interest.

Sales 418

Sales Mortgages Branding Principal 418

Housing Wire

JULY 31, 2022

Trusted by over 1 million users, NotaryCam’s eClose 360 platform allows borrowers to close anytime from pretty much anywhere. NotaryCam’s customers are the first to express their satisfaction with the company’s future-thinking approach to closings. The pandemic has brought extra hurdles for everyone. Rick Triola.

Closing 370

Closing Technology Commercial Title 370

Housing Wire

MAY 10, 2023

The data also suggests that the economy is close to peak rent inflation—lower monthly rent prices have been recorded for two consecutive months, and the price growth for new leases is still decelerating. He also anticipates new and existing home sales to bottom out in 2023 before rising again in 2024. month over month, thanks to a 0.6%

Closing 397

Closing MLS Residential Construction 397

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Marketing 448

Marketing Residential Construction Sales 448

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

JULY 1, 2024

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. Chris was a great executive sales leader during his impressive 11 years at Guaranteed Rate,” Victor Ciardelli , CEO of Guaranteed Rate, said in a prepared statement.

Brokerage 448

Brokerage Residential Branding Mortgages 448

Housing Wire

NOVEMBER 15, 2024

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. That’s right, there are Black Friday home sales! The home builder’s holiday incentives range by location.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

DECEMBER 1, 2022

Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67 trillion from $2.34

Marketing 370

Marketing Residential Construction Sales 370

Housing Wire

JUNE 6, 2024

10 for sales volume ($21.2 Its has closed $720 million in home sales since 2020. Its closed sales totaled $80 million in 2023. Over the past two years, the team has closed at $220 million in deals, including $80 million in 2023. The independent brokerage generated a sales volume of $75 million last year.

Brokerage 459

Brokerage Closing Agents Sales 459

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

Brokerage 505

Brokerage Residential MLS Sales 505

Housing Wire

OCTOBER 15, 2024

1 and Sept 30 of this year based on prices for closed residential sales. The nation’s most expensive neighborhood — Atherton, California — saw its median sale price jump to $7.9 The nation’s most expensive neighborhood — Atherton, California — saw its median sale price jump to $7.9 million this year.

Residential 448

Residential Sales Closing As-is 448

Housing Wire

FEBRUARY 11, 2021

The company closed over one million transactions while most of our people were working from home. Excelerate Capital, a multi-state full-service wholesale, retail and residential mortgage banker, announced the successful completion of its acquisition of Castle Mortgage Corporation. billion, an increase of 24% year over year.

Title 514

Title Commercial Closing Equity 514

Housing Wire

AUGUST 15, 2024

On Wednesday, executives at UBS — which acquired Credit Suisse Group in June 2023 and became the ultimate parent company of SPS — reported the sale of the U.S. Fitch Ratings said in a report that SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000.

Investor 476

Investor Mortgages Banks Principal 476

Housing Wire

AUGUST 28, 2024

Digital closing provider Snapdocs has automated its digital closing revenue management system to help the firm create a faster and more transparent process for clients. It supports one in four residential real estate transactions in the country, according to the firm. Snapdocs also said it enables lenders to close 1.5

Lending 430

Lending Technology Title Loans 430

Housing Wire

MAY 13, 2021

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. The challenge is that the sales data you’re looking at is dated,” said Shawn Telford, chief appraiser at CoreLogic. over the list price.

Marketing 525

Marketing Residential Sales Closing 525

Housing Wire

SEPTEMBER 5, 2024

RealTrends Verified has been tracking key measurements in the residential real estate industry since 1987. The RealTrends Verified 500 is our annual ranking of the nation’s largest residential brokerage firms ranked by both closed transaction sides and closed sales volume.

Brokerage 437

Brokerage Residential Closing Agents 437

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

MARCH 25, 2021

As the refi boom fades, gain-on-sale margins at loanDepot are declining, the company disclosed in a new filing with the Securities and Exchange Commission this week. billion worth of residential loans in January and February, compared to the $37.4 billion the company originated in the fourth quarter of 2020.

Mortgages 505

Mortgages Sales Industrial Residential 505

Housing Wire

SEPTEMBER 16, 2021

Where brokers are finding business has changed slightly; however, the volume of sales have skyrocketed during the pandemic. In contrast, brokerages in the RealTrends 500 had a median sales volume of $1.3 Closed sides were up 15.8% Sales volume was up an astounding 25.9%. million in 2020 as compared to a median of $5.3

Brokerage 452

Brokerage Residential Lending Title 452

Housing Wire

MARCH 25, 2021

The RealTrends 500, now in its 34th year, remains the undisputed leader in ranking the performance of residential real estate services firms. increase in transaction sides, followed closely by Compass at No. million residential sales transactions in 2020. HomeServices saw a 4.1% eXp Realty, ranked No. 4 with a 70.9%

Brokerage 368

Brokerage Residential Closing Sales 368

Housing Wire

OCTOBER 22, 2024

The company announced the addition of the Maine -based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. According to eXp, the group specializes in residential real estate, fix-and-flips and investment properties.

Agents 431

Agents Residential Technology Development 431

Housing Wire

JULY 6, 2022

The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said.

Mortgages 511

Mortgages Investor Loans Residential 511

Housing Wire

DECEMBER 9, 2024

Residential sale-leaseback platform EasyKnock has abruptly shut down its operations after facing scrutiny from state regulators and being under fire from disgruntled consumers. After many years of serving consumers, EasyKnock has closed its doors, a message on the companys website states. In 2018, the company raised $3.5

Equity 370

Equity Investor Residential Closing 370

Housing Wire

JULY 9, 2024

Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. EasyKnock agreed to permanently end its sale-leaseback solution in Massachusetts, and to pay $200,000 to the state as part of the terms of its settlement. The platform closed a $3.5

Purchase and sale agreement 448

Purchase and sale agreement Equity Lending Investor 448

Housing Wire

DECEMBER 9, 2020

HW Media, publisher of HousingWire, FinLedger, and producer of Engage Events, today announced it has closed on the strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms. Minor & Brown PC served as legal counsel to REAL Trends.

Branding 539

Branding Residential Brokerage Industrial 539

Housing Wire

JANUARY 12, 2021

SoftBank -backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public. The document does not indicate how much money Compass plans to raise in a public offering, nor does it disclose price per share on common stock up for sale. billion in sales. It posted $91.2

Brokerage 459

Brokerage Residential Title Agents 459

Housing Wire

JULY 25, 2024

million customers to Mr. Cooper and improve NYCB’s capital level, is expected to close in the fourth quarter of 2024. “We have long respected Flagstar as a mortgage servicer, and we feel very closely aligned with their cultural values.” As part of the deal, the Dallas-based servicer and lender will pay $1.4

Banks 493

Banks Equity Commercial Mortgages 493

Housing Wire

SEPTEMBER 12, 2024

While it hasn’t reached the trillion-dollar mark in residential real estate value held by cities like New York and Chicago , Charlotte’s market has nonetheless experienced significant growth, with total property values pushing $200 billion as of 2023. million in annual sales. Here, median list prices reach $2.15 million.

Agents 448

Agents Residential Staging Brokerage 448

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. Market conditions have certainly trended downward for residential or commercial real estate. buyers and sellers) in a residential deal. And why not?

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. Loans in Pools 1 thru 3 are being serviced by New Residential Mortgage LLC , NewRez LLC and Fannie Mae — and subserviced by NewRez LLC, Fannie’s fact sheet on the deal states. billion.

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

JANUARY 22, 2025

The Miami-based brokerage has closed $1.77 billion in sales since Gilbert founded it in 2018. million in closed home sales in 2024 alone, totaling 312 units Gilbert also brings leadership experience that goes beyond his brokerage. That number includes $187.2

Brokerage 370

Brokerage Residential Agents Closing 370

Housing Wire

JANUARY 3, 2024

The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist. Mortgage applications decreased 9.4% for the week ending Dec. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

Mortgages 470

Mortgages VA loan FHA loan Loans 470