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DataDigest: There are too many real estate agents and LOs. It’s a problem

Housing Wire

Credit: National Association of Realtors 2023 Member Profile But in many cases, LOs are still calling and looking for business from the bottom 50% of Realtors, Hale said. The CFA study found that “marginal agents” – who completed five or fewer sales over the past year – took home between 25% and 30% of the overall commissions in each market.

Agents 370
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Who will survive the fintech winter of 2022?

Housing Wire

These valuation declines hit category-leading software fintechs even though they have huge lender customers – and hit originator servicer fintechs even though they have hundreds of billions in volume and servicing portfolios. In crypto, the total sector market cap is down 61.8% trillion in 3Q21 to $954 billion now. The Sagent/Mr.

Mortgages 424
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UWM gave brokers big discounts to play with. It could be risky

Housing Wire

“But the rule doesn’t want loan originators, like brokers, to be able to play around on a case-by-case basis with their compensation, even though it could be a great thing for the consumer.” FCM) has started to study how to implement a similar program, according to the company’s CEO, Keith Canter.

Lending 337
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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

It’s unknown how many retail lenders are engaged in the practice of falsifying lead sources to lower loan officer pay, but industry practitioners say it’s widespread, and in most cases, reclassifying leads into different pricing buckets before they lock is not permitted by the Consumer Financial Protection Bureau ’s rules under Regulation Z.

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“Marginal” real estate agents are harming industry and consumers: study

Real Trends

The study looked at home sales in Jacksonville, Florida; Minneapolis, Minnesota ; and Albuquerque, New Mexico and found that agents who completed five or fewer sales a year grabbed between 25% and 30% of commission income in those individual markets. Marginal agents were as likely or almost as likely to sell homes in all price categories.

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LTI Mortgage and HybridAgentHomes.com Kickoff Hybrid Agent Program

Realty Biz

To start saving with “The Hybrid Agent,” go to [link] There, you can register, see the program in action, read case studies, see and hear Mike Price speak about his offerings in a short video, and schedule a consultation to save money on your next real estate transaction. LTI Enterprises LLC Micheal Price 214-915-2016 [link] Contact.

Agents 77
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A Decade in Housing Unaffordability: Mortgage Burden Worsens in 51 of 100 Largest U.S. Cities

Point2Homes

Our latest study shows that the increase in income is no match for the rapidly increasing home prices in the 100 largest U.S. Study highlights: Mortgage affordability worsened in 51 of the 100 largest U.S. In Fremont’s case, prices nearly doubled compared to 10 years ago. housing markets. sourced from the U.S.

Mortgages 117