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Even in a down market, lenders lean on LO signing bonuses

Housing Wire

Gone are the days that loan originators received hefty signing bonuses to crank out refi after refi. But make no mistake, even in a down mortgage market lenders are still dangling signing bonuses to recruit high-producing LOs who can eat what they kill. They must — it’s a matter of survival.”. Presented by: American Pacific Mortgage.

Marketing 326
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There’s no sign of the typical fall slowdown in home buying

Housing Wire

Another sign of continued strong demand is the 4% year-over-year increase in pending home sales. The post There’s no sign of the typical fall slowdown in home buying appeared first on HousingWire. The report is based on data from the four-week period ending Oct. Otherwise, I’m advising them to wait until the new year.”.

Sales 397
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The labor market showed signs of modest cooling in July

Housing Wire

Data from the July jobs report released Friday fell roughly in line with expectations. Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. The unemployment rate changed little at 3.5%, compared to 3.6% in May, with the total number of unemployed persons falling to 5.8

Marketing 288
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loanDepot delivers another loss in Q1 but shows signs of improvement

Housing Wire

California-based lender loanDepot was in the red again in the first quarter of 2023. However, margins and revenues improved in the period, according to documents filed with the Securities and Exchange Commission on Tuesday. The lender recorded a loss of $60.2 million in non-GAAP adjusted net income from January to March, compared to a negative $110.7

Principal 324
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Mortgage Mix: Signs Point to Better Times in 2024

RIS Media

Inflation is still too high, ongoing progress in bringing it down… The post Mortgage Mix: Signs Point to Better Times in 2024 appeared first on RISMedia. Watch for it each Friday afternoon. The Fed decided not to make any changes in interest rates again this month, citing not enough evidence as they did back in November.

Mortgages 106
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CubiCasa Signs 10 More MLS’s in Partnership Program

RIS Media

Joining CubiCasa’s MLS Partnership Program and gaining access to its suite of digital floor plan creation tools are Metro MLS®, Memphis Area Association of REALTORS®, REsides, Inc, Columbus Board Of REALTORS®, Willamette Valley MLS, Longleaf Pine… The post CubiCasa Signs 10 More MLS’s in Partnership Program appeared first on RISMedia.

MLS 100
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The Most Effective Open House Sign-In Sheet Strategies

Tom Ferry

An Open House sign-in sheet might cost pennies, but a good one can earn you MASSIVE returns. Welcome to summer Open House season!

Agents 85