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CFPB proposes a new category of qualified mortgages: Seasoned QM

Housing Wire

The Consumer Financial Protection Bureau is proposing a new category of qualified mortgages called Seasoned QM, which would require loans to meet certain performance requirements over a 36-month seasoning period. The post CFPB proposes a new category of qualified mortgages: Seasoned QM appeared first on HousingWire.

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Banks report tightened lending standards for nearly all residential mortgages: Fed survey

Housing Wire

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. As for their expectations for 2024, banks expect loan demand to strengthen across all loan categories, citing an expected decline in interest rates.

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Fed sending US into a ‘category 5 hurricane,’ Barry Sternlicht says

Inman

Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. Nobody wants to sell anything today," he said.

Investor 146
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Sotheby’s International Realty Prevails in REAL Trends “The Thousand” Top Individual Sales Volume Category

Sotheby's International Real Estate

The rankings represent the brand’s unparalleled network of luxury agents, accounting for nearly 20% of the Individuals by Sales Volume category. Continue reading Sotheby’s International Realty Prevails in REAL Trends “The Thousand” Top Individual Sales Volume Category at Sotheby´s International Realty | Blog.

Sales 98
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Significant shifts in real estate team performance: Streamlined

Housing Wire

In five of the six size categories of teams both gross profit margins and net income margins declined from the second quarter 2023 results. This realignment can be viewed as an evolution in market dynamics, with sales dispersing into lower revenue categories (Gross Commission Income), teams and agents are still running profitable companies.

Brokerage 397
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Opinion: Proptech’s big miss

Housing Wire

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Of these, category 2 is the most established. Some companies in this space are better than others, but overall, the industry can give itself at least an A- in this category.

Finance 415
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eXp, Compass top five-year movers by sides, volume: RealTrends Verified

Housing Wire

3 in both categories. Public independents eXp Realty and Compass show how quickly they grew by dominating the top two spots by both sides and volume. United Real Estate’s growth strategy of acquiring successful brokerages that are a cultural fit has proven to be smart based on their rank of No.

Brokerage 424