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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. When we launched Stavvy in late 2019, we had no idea what was in store for the world in 2020.

Land 448
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 482
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14 indispensable AI tools for real estate agents

Housing Wire

Similarly, data-driven marketing can be more cost effective, helping you focus your marketing budget on homeowners who are most likely to sell, and on buyers who are actively looking for their next home. Here are some of our favorite AI tools for commercial real estate market trends: 13. Need more examples?

Agents 448
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It’s time for the federal government to address the housing crisis

Housing Wire

The modern housing market presents challenges for homeowners, renters and prospective buyers alike, creating barriers to the benefits of homeownership unseen by previous generations. However, in today’s tumultuous housing landscape , homeownership feels out of reach for many Americans — we need to make changes.

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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

However, other email tools not specific to real estate agents (like Mailchimp and Flodesk) offer built-in templates that make delivering beautifully designed email newsletters a cinch. Create a responsive newsletter design One of the best ways to make things easy on yourself is to use real estate newsletter templates.

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Redwood Trust CEO Christopher Abate on the REIT’s appetite for jumbos, home equity

Housing Wire

“The interesting thing about HEIs is instead of a homeowner taking out equity in the form of cash and paying a mortgage on it, there is no monthly payment within HEI,” Abate said. And that’s where we’ve designed the product, which is unique to Redwood, that creates strong incentives for the homeowner to refi.

Equity 417
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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We Most homeowners who stopped their mortgage payments have successfully arranged a graceful exit from forbearance. One reason homeowners have not responded to the company was the foreclosure moratorium that went into effect in March 2020.

Loans 370