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“Last night, my Uber driver was a loan officer.”

Housing Wire

Garth Graham, senior partner and manager of merger and acquisition activities for the Stratmor Group , said many of the layoffs in the IMB industry so far have involved employees working in support positions, with loan officer jobs being the last to be jettisoned. Charting the loan officer exit.

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The 2022 housing market: A tale of two halves

Housing Wire

Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC).

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Real estate startup Reali to shut down

Housing Wire

California real estate startup Reali is shutting down, with plans to lay off most of its employees on Sept. The startup offers power buying services, cash offer programs and has a lending arm, Reali Loans , which provides mortgage financing in 14 states. and 25 in Israel.

Brokerage 395
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The Topic No One Will Touch with a Ten Foot Pole

GeekEstate Agents & Brokers

A decade after Redfin began, PayPal veteran Keith Rabois began working on Opendoor ( originally dubbed “HomeRun” ), modernizing the flipping business while still paying agents to bring them deals. Reali had similar ambitions in 2016 , but is now a straight power-buyer advertising buy before you sell, cash offers, and loans.