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UWM expands bank statement loan offerings 

Housing Wire

United Wholesale Mortgage (UWM) announced this week that it has added four bank statement loan offerings for self-employed borrowers. To qualify for loans of up to $3 million with up to 90% loan-to-value (LTV), self-employed borrowers can now provide bank statements to verify income rather than tax returns, W2s or pay stubs.

Banks 339
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Fed advocates for change in the agent commission dispute

Housing Wire

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Similar to the arguments made by the plaintiffs and their attorneys in the commission lawsuits, the authors of the paper argue that despite technological advances, agents still take a “high percentage commission.”

Agents 353
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3 steps real estate agents can take to make a big difference in housing affordability

Housing Wire

When affordability meets fair housing Recently, during a coaching session with an agent, that agent shared how a recent seller, Bob, sold his home of 20 years and made so much money on the sale that he was able to purchase a retirement home in Savannah, Georgia, and have plenty of money left over for a nice retirement nest egg.

Lending 407
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RE/MAX banks on organic growth in 2022?

Housing Wire

based agent count and a net loss of $15.6 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. “We Despite a 1.6% drop in U.S.-based

Banks 304
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For title agents, it’s still all about data

Housing Wire

If a consumer’s bank account number, for example, comes into an employee’s email, and that email is not deleted, what happens if that employee is allowed to take that laptop home? Or if it’s accidentally left in a parked car in a large parking lot or forgotten and left behind in a public place? Not a one-time, all-hands email from management.

Title 361
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This growing IMB aims to capture leads through its proprietary tech, not agent referrals

Housing Wire

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually.

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RE/MAX banks on organic growth in 2022?

Housing Wire

based agent count and a net loss of $15.6 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. “We Despite a 1.6% drop in U.S.-based

Banks 195