Broke Agent Media

APRIL 26, 2023

BAM Key Details: A new Redfin report finds real estate investors lost money on about one of every seven (13.5%) U.S. A new Redfin report shows real estate investors losing money on close to one of every seven (13.5%) U.S. And while most of these investors still managed to reap gains on their properties, those gains have gotten smaller.

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Investor Sales Mortgages Closing 98

Housing Wire

MARCH 8, 2024

Hometap, as an investor, provides cash in exchange for a share of their home’s future value. We do see this as a new asset class in the real estate ecosystem and we see it as complementary to traditional debt options that exist today,” Dan Burnett, head of investor product at Hometap, said in an interview with HousingWire. “We

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Equity Marketing Investor Loans 341

Housing Wire

FEBRUARY 10, 2023

Financial terms were not disclosed due to a non-disclosure agreement with the seller. Negotiations between the companies — and rumors about the transaction — gained traction in the second half of 2022, a source with knowledge of the deal told HousingWire under the condition of anonymity due to a confidentiality agreement.

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Closing Investor Residential Loans 369

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”. Several former workers on Wednesday also filed lawsuits related to the layoffs.

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Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

FEBRUARY 22, 2023

Terms of the deal were not announced. “Due to limitations on when and how lenders receive data about property and borrowers, errors and loan conditions aren’t exposed until much later in the process, during processing and underwriting,” the company said. Both companies are privately held.

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Mortgages Technology Banks Lending 350

Housing Wire

DECEMBER 1, 2022

The call for smart home technology is coming from inside the house, as it were — but during times of economic pressure, how can investors and property managers justify the effort and expense of upgrading their communities? How does smart home technology benefit investors?

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Technology Marketing Property Management Investor 543

Housing Wire

MARCH 16, 2023

Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season. . “Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short term.” by mid-week. by mid-week.

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Banks Mortgages Fixed-rate mortgage Lending 380

Housing Wire

MARCH 15, 2023

There are no acceleration rights under these facilities for a defaulting lender; therefore, we continue to have full access to these facilities under the terms and conditions set forth in the respective credit agreements,” the company said. Several investors expressed concern about the bank’s exposure to crypto.

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Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4 million a year prior.

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Housing Wire

APRIL 9, 2024

In terms of what motivated the company to conduct the survey, Ruben describes a perceived disconnect between the utility of the product category and its reputation. Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. I think the survey bears that out.”

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Mortgages Equity Banks Brokerage 355

Housing Wire

OCTOBER 24, 2023

We have diversified our revenue across counter-cyclical marketplaces, such as Loop Net and Apartments.com , while diversifying CoStar product revenue into broader verticals,” Andy Florance, CoStar’s founder and CEO, said during the firm’s Q3 2023 earnings call with investors and analysts Tuesday evening. “We

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Residential Investor Agents Industrial 374

Realty Biz

JANUARY 8, 2022

The Heating, Ventilation, and Air Conditioning (HVAC) system, among all property-related appliances, is one of the most critical devices to maintain and monitor, especially in climates like Australia, where an HVAC system needs to operate continuously all year round. Types of HVAC Systems. Air Filters of the HVAC System.

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Housing Wire

FEBRUARY 19, 2021

With ValPro+, Cape Analytics and Weiss Analytics have created what they say is the first automated home valuation engine that uses geospatial imagery and artificial intelligence to integrate current home conditions – like a damaged roof or a pool – into valuations. Condition data is the latest frontier, according to Cape and Weiss.

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Investor Brokerage MLS Loans 386

Housing Wire

SEPTEMBER 7, 2022

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. “This solution allows them to extend the repayment term to 30 years and gain access to the financing they would have preferred from inception.”

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Mortgages Equity Loans Finance 427

Housing Wire

NOVEMBER 1, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% Despite a surge in hiring in September and higher inflation monthly readings in August and September , financial conditions have tightened as Treasury yields increase. for a third time this year.

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Mortgages Finance Banks Investor 384

RIS Media

JANUARY 21, 2022

Despite a red-hot real estate market and forecasts suggesting it will remain that way, investors have concerns according to RealtyTrac’s recent Investor Sentiment Survey. Nearly half (49%) of respondents felt that conditions had grown worse over the past year, while 30% think that conditions have remained the same.

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Housing Wire

OCTOBER 2, 2023

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.

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Mortgages Marketing Investor Lending 387

Housing Wire

AUGUST 10, 2022

In terms of purchase, our market share was essentially flat versus last quarter, but should grow in the back half of the year as our investments in customer acquisition reach higher productivity and more of the purchase transactions start benefiting from our Doma Intelligence technology,” Simkoff said. million up from $23.3

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Housing Wire

APRIL 15, 2024

Investors reacted by adjusting their expectations for the number of rate cuts from the Federal Reserve this year. As investors adjust their expectations for the Fed’s moves, 10-year Treasury yields jumped roughly 40 basis points during the first two weeks of April, going from 4.20% to 4.60%, the highest level since November 2023.

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As-is Industrial Mortgages Loans 447

Housing Wire

JANUARY 19, 2023

The survival tactic lenders too often miss is doubling down on loan quality to ensure immediate salability to investors or long-term servicing performance. Automation holds the key for lenders to stay informed of relevant regulatory and investor changes and ensure those changes are reflected in their quality control programs.

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Loans Lending Investor Mortgages 352

Housing Wire

JULY 28, 2023

Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We billion and $138.5 million in net income.

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Housing Wire

JUNE 29, 2023

Mortgage rates little changed this week as investors assessed Federal Reserve Chairman Jerome Powell ’s latest comments on rate hikes. This week’s consumer confidence and new home sales came strong but investors are still watching the Federal Reserve to understand its next moves after the rate hike pause in June.

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Mortgages New Construction Investor Construction 353

Housing Wire

APRIL 14, 2022

Long-term, however, they agree the market will work through the changes and likely wind up better off, assuming the Fed’s so-called quantitative tightening strategy manages to tame runaway inflation and chases off its close cousin, a recession. “It You don’t know what investor demand is going to be. That’s about to end, however.

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Marketing Purchase and sale agreement Investor Banks 393

The Close

DECEMBER 15, 2023

Because investors continue to buy and sell properties regardless of whether it is an up or down market , it’s always a good time to work with investors. That’s why a relatively small percentage of agents, the ones who work with investors, split an estimated 13% of the $100 billion annual real estate commission pool—around $13 billion.

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Investor Marketing Purchase and sale agreement Agents 73

Housing Wire

MARCH 11, 2022

However, Mangiaracina told investors that the non-QM segment of the mortgage market experienced “significant market pressure” beginning in the fourth quarter of 2021, with conditions deteriorating in the first quarter of 2022. The California-based company reported non-QM originations of $382.1

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Mortgages Finance Loans Investor 323

Housing Wire

NOVEMBER 18, 2021

Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave behind the “meme stock” label, according to analysts who follow the wholesale lender. Instead, SFS will receive all proceeds.

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Investor Mortgages Loans Banks 295

Housing Wire

OCTOBER 26, 2023

The day began with Stewart’s Q3 2023 earnings call with investors and analysts. DeGiorgio also does not believe housing market conditions will improve any time soon. “We We expect that difficult market conditions will persist well into next year and continue to weigh on both our residential and commercial businesses,” DeGiorgio said.

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Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. For investors, a warning: it means that profitability will take some time to achieve. . Even in the tumultuous conditions in 2022, it expects to increase market share to 20%.

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Mortgages Marketing Title Banks 381

Housing Wire

JULY 28, 2023

Like its big four counterparts First American and Old Republic, Stewart , the smallest of the four largest title underwriters , still managed to turn a profit despite challenging housing market conditions. To be precise, Stewart reported total revenue for the quarter of $549.2 million, down from $844.1 million was down from $61.7

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Housing Wire

DECEMBER 15, 2021

Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs. Another 11 existing venture investors, such as White Star Capital and Kingsway Capital , followed on in the round. The product is currently offered with a two-year term, with the possibility to be renewed.

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Mortgages Lending Banks Investor 421

Housing Wire

MARCH 22, 2023

Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike.

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Banks Lending Mortgages Commercial 391

Housing Wire

DECEMBER 1, 2022

We regularly review and adjust staffing levels to align with market conditions and the needs of our businesses,” a spokesperson for the bank told HousingWire. The company declined to state how many jobs were shed on Thursday. “We billion in the same period of 2021. . That does force you to sit back and say, ‘What does that mean? ’”.

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Mortgages Lending Banks Investor 421

Housing Wire

JULY 6, 2023

Carlton adds, however, that for fix and flip investors who understand their local markets, that vacant housing stock, in the right locations, still represents an opportunity. “ The perplexing part: Why are home prices not declining in this environment? Just because there’s vacant homes in the U.S.

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Renovation Sales Investor Mortgages 463

Housing Wire

FEBRUARY 21, 2023

“We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If A longer-term fight against inflation lowers the likelihood of sustainable good news in the housing market and raises the risk of a coming recession.

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Marketing Renovation Investor Sales 372

Housing Wire

FEBRUARY 8, 2023

Two of the board’s eight members will have terms expiring by then: Andrew Dodson, managing partner at Parthenon Capital , and Pamela Hughes Patenaude, a housing policy expert who once served as a deputy secretary of HUD. The dispute at the California-based nonbank lender comes as loanDepot is shrinking due to market conditions.

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Mortgages Investor Finance As-is 360

Housing Wire

NOVEMBER 3, 2023

RealTrends Consulting co-founder Steve Murray is of a more conservative view in terms of how the settlements will impact NAR membership. “I The franchisor’s leaders believe current housing market conditions will have a greater impact on NAR membership numbers than the provisions in their settlement. “We million members.

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MLS Brokerage Agents Industrial 420

Realty Biz

NOVEMBER 18, 2020

They are relentless in performing research and planning out their short term and long term investment. Choosing the right location is an involving step that many first-time investors skip rushing to inject income on what is ‘hot’ in the current market. Markets and Locations. Also, consider the kind of tenants you wish to house.

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