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 415

Construction Residential Sales Mortgages 415

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 357

Sales Mortgages Principal Equity 357

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

Lending 342

Lending Sales Commercial Loans 342

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 396

Sales Mortgages Branding Principal 396

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 307

Closing Mortgages Lending Technology 307

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 340

Closing MLS Residential Construction 340

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 504

Brokerage Residential MLS Sales 504

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 524

Marketing Residential Sales Closing 524

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 394

Marketing Residential Construction Sales 394

Keeping Current Matters

NOVEMBER 18, 2021

Like most industries, residential real estate has a seasonality to it. Historically, the number of buyers and listings for sale significantly increase in the spring and remains strong throughout the summer. The outbreak of the virus and subsequent slowing of the economy limited sales during the spring market.

Sales 341

Sales Staging Residential Construction 341

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 276

Closing Technology Commercial Title 276

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 422

Brokerage Closing Agents Sales 422

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 499

Mortgages Sales Industrial Residential 499

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 366

Fixed-rate mortgage Closing costs Residential Finance 366

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, 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 534

Branding Residential Brokerage Industrial 534

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 364

Mortgages Residential Construction Lending 364

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 369

Brokerage Residential Branding Mortgages 369

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. But that revenue is wrapped up in home sale commission splits to Compass’s real estate agents – money that goes in and out the door. at close of business Wednesday.

Mortgages 433

Mortgages Brokerage Title Residential 433

Housing Wire

DECEMBER 18, 2020

According to the latest Central Texas Housing Report from the Austin Board of Realtors , the median sales price in the city of Austin rose 10.1% Additionally, residential sales increased by 28.8% and sales dollar volume soared 47.2% in November, bringing the average home price up to $433,493. last month.

Residential 475

Residential Mortgages Construction Sales 475

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 469

Banks Equity Commercial Mortgages 469

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 381

Loans Purchase and sale agreement Principal Due diligence 381

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 373

Residential Sales Closing As-is 373

Housing Wire

FEBRUARY 13, 2024

During an all-hands call Tuesday morning, Academy’s leadership informed employees about the M&A deal , which is expected to close in mid-April. Academy’s sales workforce and management will receive job offers and work as a division of Guild. 100, Primary Residential Mortgage in Utah, had $9.47 billion in MSRs).

Mortgages 455

Mortgages Loan Officer Loans Finance 455

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 396

Investor Mortgages Banks Principal 396

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 297

Marketing Residential Construction Sales 297

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 296

Equity Investor Residential Closing 296

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Marketing 418

Marketing Residential Construction Mortgages 418

Housing Wire

SEPTEMBER 14, 2022

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Existing-home sales continued to fall slightly.

Industrial 366

Industrial Residential Construction Mortgages 366

Housing Wire

MARCH 22, 2024

Each year, RealTrends Verified identifies the country’s most successful residential real estate brokerages, teams and agents – verifying transaction sides and closed sales volume for top-performing real estate brokerages — to give you the full picture of real estate performance.

Brokerage 441

Brokerage Branding Agents Residential 441

Housing Wire

AUGUST 3, 2021

gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. At the residential level, the COVID-19 pandemic sparked an increase in buyer desire for lower density neighborhoods and more living space, Nothaft said. The overall pending home sales index fell 1.9%

Sales 514

Sales Residential Construction As-is 514

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 405

Title Commercial Closing Equity 405

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9

Banks 401

Banks Mortgages Lending Commercial 401

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Sales fall. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Home sales.

Marketing 543

Marketing Bankruptcy Sales FHA loan 543

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 393

Agents Residential Staging Brokerage 393

Housing Wire

JULY 18, 2023

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He closed $23 million in sales volume in 2022.

Agents 339

Agents Loan Officer Principal Brokerage 339

Housing Wire

APRIL 5, 2022

A traditional Uniform Residential Loan Application (URLA) is a great starting point. Automated Underwriting (AUS): It’s arguable that eligibility requirements and guidelines may suffice based on loan amounts and an overall lower cost of origination and closing. Closing and Funding: This one is a no-brainer as well.

Mortgages 532

Mortgages Lending Land Loans 532