Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Paul Giangrande “Paul brings a distinguished reputation in the mortgage industry with an uncanny sense of distribution. San Jose -based EquiFi Corp. ,

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Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

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Housing Wire

AUGUST 19, 2024

Since the 1940s, the DOJ has repeatedly sued the industry to introduce more price competition. Today, price competition has a chance because of their efforts and class action litigation, culminating in a jury decision against the industry. New industry rules prohibit mandatory offers of compensation through multiple listing services.

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Housing Wire

APRIL 22, 2024

(Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. Wright and Murray also said that the headwinds facing the industry are creating a buyer’s market for acquisitive firms. My advice is to start simple.

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Housing Wire

NOVEMBER 1, 2021

You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. Stevens, President at SRE.

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Housing Wire

MARCH 7, 2022

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 For example, purchasing an NFT of a JPEG of a painting transfers the intellectual property rights of the painting. But Ethereum was the first with a blockchain that enabled NFT sales. That’s when a 70-year-old brick home in the St.

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Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. But the most frightening — or exciting? Who’s most exposed?

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Housing Wire

MARCH 12, 2024

First piloted in a handful of markets in September 2023 and formally launched in early February, the Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5%

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Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Cooperative compensation offers can also be — and should be, if the client wishes — included in purchase agreements.

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Housing Wire

AUGUST 30, 2024

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. In an attempt to capitalize on the real estate industry’s new normal, Sitzer teamed up with Galen, whose startup fintech firm Zero was acquired by Avant in 2021, and Batra to found Landian.

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Housing Wire

JUNE 9, 2022

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million.

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Housing Wire

APRIL 25, 2022

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . The CrossCountry-Lendus deal appears to be the first in what analysts and industry veterans believe will be a wave of mergers and acquisitions in 2022.

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Housing Wire

DECEMBER 1, 2021

Company officials say the moves will allow refi-heavy Better to increase its strength in a mortgage market that is increasingly becoming purchase-focused. The company plans to automate some of its refi processes and is now focused on purchase operations, one company official, who requested anonymity, said.

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

FEBRUARY 13, 2024

Central to Zillow’s Super App vision has been its growth pillars , which now include rentals in addition to touring, financing, seller solutions, enhancing its partner network and integrating its services. We are monitoring the progress of numerous lawsuits facing several organizations within the industry,” Barton said. “We

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Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. Potter added: “Government lending would come to a halt.

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Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

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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. The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. The loan offering is being marketed with assistance from Citigroup Global Markets Inc.

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Housing Wire

MARCH 31, 2021

The above agencies also signed a statement outlining flexibilities on industry appraisal standards and then addressed appraisal regulations for Fannie and Freddie a week later. The CFPB also now intends to take enforcement action against land developers subject to the Interstate Land Sales Full Disclosure Act under Regulation J.

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Housing Wire

APRIL 27, 2021

Today’s action means that lenders have more time to offer QM loans based on the homeowners’ DTI, and more time to use the GSE Patch, which provides QM status to loans that are eligible for sale to Fannie Mae or Freddie Mac. “This act poses serious risk to mortgage finance and brings potential downstream legal risk to the industry.

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Housing Wire

OCTOBER 25, 2024

As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict and eventual settlement from the National Association of Realtors (NAR), a top concern was how changes to the agent commission structure would impact veteran homebuyers. The temporary guidance went into effect on Aug.

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Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

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Housing Wire

APRIL 11, 2023

As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. How has technology impacted the industry?

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Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. As with every state where buyer agency laws exist, the licensee’s native status is as a transaction broker or facilitator unless and until a separate, bilateral agency agreement is executed.

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Housing Wire

APRIL 4, 2023

Prior to the FTC’s suit, Black Knight announced the sale of its Empower business to a subsidiary of Canada’s Constellation Software Inc. billion last month, about 11% lower than the valuation when the agreement was announced last year. which was done in an effort to overcome antitrust concerns.

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Housing Wire

NOVEMBER 9, 2023

Based on the jury verdict in the Sitzer/Burnett lawsuit, Murray believes the DOJ will not be satisfied with the terms and the scale of changes outlined in RE/MAX’s and Anywhere’s settlement agreements and that it will get involved. loosing 5%-6% of the sale price is substantial equity stripping in their minds.”

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Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. That concern is overblown, according to several market experts. Global headwinds.

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Housing Wire

MARCH 21, 2024

.” Hawley’s move follows a December report showing that FICO would start charging one price to all mortgage lenders that access credit reports, regardless of their sales volumes. In 2012, the parties started to renegotiate their license agreement since FICO royalties had been flat for three decades.

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Housing Wire

FEBRUARY 16, 2022

Real estate is a people-oriented industry, and practically everyone in it knows that. Even though a lender lacks real estate experience, if a potential deal is appealing, he or she may be prepared to supply financing,” says Joshua Blackburn, CEO, Evolving Home. How to Locate a Reputable Private Money Lender.

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Housing Wire

OCTOBER 16, 2020

million Class A shares (plus an option for the underwriters, Wells Fargo, BofA Securities and JPMorgan Chase, to purchase 1.275 million additional shares). “Guild will not receive any of the proceeds from the sale of the shares in this offering.”. billion in mortgage loans held for sale. Through June 30, Guild had $148.5

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Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. Meanwhile, other industry participants are skeptical that dual licensing works effectively, especially at scale.

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Housing Wire

AUGUST 27, 2021

For example, on a 95% LTV purchase with a 640 FICO, there is an additional 275 bp fee added on top of the base g-fees and MI expense. But I would argue that the gap in homeownership rates by race, credit scoring methodologies and pricing structures should be an area where industry leadership aligns with consumer advocates to argue for change.

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Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. “The million to $23.7

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Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We million to 4.3

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The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

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Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. Its parent Rocket Companies rode the wave to a stunning $9.4

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Housing Wire

AUGUST 13, 2024

There are more than enough homes sales in your market for every one of you to hit your goals if you do the right things. And while that is good news for the housing industry, depending on where the economy goes from there, it could mean a great 2025 or a terrible 2025 for agents. million in 2025. We always tend to lead the recession.

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