Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

Industrial 439

Industrial MLS Brokerage Agents 439

Housing Wire

AUGUST 9, 2023

Unlike others that are more reactive to cyclical market conditions, we will continue to be aggressive in our technology and product investments. We are hiring right now, whereas the industry as a whole is continuing to cut back on capacity,” Mat Ishbia, chairman and CEO, said in a statement. UWM originated $31.8 UWM originated $31.8

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Sales 362

Sales Loan Officer Principal Loans 362

Housing Wire

FEBRUARY 24, 2023

It is crunch time in the housing industry. Whether you’ve been affected by industry layoffs or you’re future-proofing your career, applying for new positions and interviewing can be daunting. Proptech companies could hire sales associates to sell their products in the B2B space.

Industrial 366

Industrial Loan Officer Loans Branding 366

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. So, what that means is, that we have to invest in building intentional expertise.”

Title 367

Title Industrial Land Technology 367

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 414

Industrial MLS FHA loan Agents 414

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If It is going to change how title companies market their products and services,” Cain said. It’s easy to see why Frasier is concerned.

Title 404

Title Industrial Purchase and sale agreement Agents 404

Housing Wire

APRIL 23, 2024

This dip can be partly attributed to the recent acquisition of 3D scanning company Matterport , as well as the costs associated with the Homes.com marketing campaign during the Super Bowl LVIII broadcast in February. In the first quarter, the sales team for Homes.com generated nearly $40 million in net new bookings. Florance said.

Sales 315

Sales Residential Branding Brokerage 315

Housing Wire

JULY 29, 2021

Following a robust May, pending home sales declined in June. Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. The overall pending home sales index fell 1.9% on the index in June, an 8.7% in 2022.

Sales 433

Sales Marketing Mortgages Industrial 433

Housing Wire

JANUARY 31, 2024

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. Another startling fact was that 2023 saw just over 4 million existing home sales. million existing home sales. These are some of the big unknowns the industry must face in the future.

Marketing 412

Marketing Industrial Sales Mortgages 412

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

Mortgages 396

Mortgages Marketing Loans Equity 396

Housing Wire

APRIL 5, 2024

million openings one year prior, according to other recent job market data. The housing market is eager to see mortgage rates ease as rates have spent nearly a year above 6.5%, and have most recently been hovering above 6.7%,” Realtor.com economic data analyst Hannah Jones said in a statement. “The million jobs, down from 9.8

Industrial 294

Industrial Mortgages Construction MLS 294

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. A nearly 20% annualized decline in home sales was the major driver of the decline in revenue. Home sales transaction volume dropped 19% year over year.

Marketing 370

Marketing Branding Brokerage Sales 370

Housing Wire

MAY 18, 2023

Existing home sales declined yet again in April, according to a report from the National Association of Realtors (NAR), released Thursday. monthly increase in February , existing home sales were back down again in March , a trend that continued into April, with existing home sales posting a 3.4% After posting a surprise 14.5%

Sales 389

Sales Mortgages Marketing As-is 389

Housing Wire

MARCH 18, 2024

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. Our expansion into the U.S. Our partnerships with LeadingRE and RealtyOne are just the beginning.

Marketing 382

Marketing Residential Technology Branding 382

Housing Wire

DECEMBER 5, 2023

Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage , the company announced on Tuesday. But the lender’s gain-on-sale margin rose 22% in the period, and it delivered a $54.2

Marketing 376

Marketing Branding Mortgages Industrial 376

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he has seen for home sales, she said. “[T]he homeowners.

Marketing 510

Marketing Equity Industrial Mortgages 510

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. These trends have exacerbated industry overcapacity, leading to continual layoffs. Presented by: ServiceLink.

Industrial 408

Industrial Loan Officer Loans Lending 408

Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. It’s easy to show a profit when sales are high, but when the tide rolls out the dangerous rocks appear. As the market contracts, experienced title agency executives can feel the shift and know exactly what it means.

Title 380

Title Industrial Technology As-is 380

Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. I think the fear always exists in our heads, being in the sales game you try to project positivity, but of course there is fear,” Janvekar said. In 2020, hiring in the mortgage industry surged.

Industrial 433

Industrial Loan Officer Loans Mortgages 433

Housing Wire

APRIL 18, 2024

The challenges in today’s mortgage market have caused many originators to expand their loan product offerings outside of qualified mortgage (QM) criteria set by the Consumer Financial Protection Bureau (CFPB). Deephaven’s sales team strategically uncovers every loan option and exception to meet the distinctive needs of borrowers.

Marketing 394

Marketing Loans Investor Banks 394

Housing Wire

APRIL 4, 2024

Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil SellIt, a sales training platform tailored for all types of entrepreneurs.

Sales 286

Sales Brokerage Industrial As-is 286

Housing Wire

JUNE 16, 2022

Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb. Higher mortgage rates are the housing market’s “primary constraint,” the agency said in a statement Thursday. Total home sales are expected to fall 13.5% Existing home sales dropped 2.4%

Industrial 385

Industrial Mortgages Sales Loans 385

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. based boutique SAP consulting firm.

Sales 376

Sales Mortgages Technology Lending 376

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE expects to have its second-best year for MSP sales since 2017. from Q3 2022’s $276 million.

Industrial 274

Industrial Mortgages Technology Loan Officer 274

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Sales 400

Sales Mortgages Loan Officer Loans 400

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 351

Industrial Residential Mortgages Investor 351

Housing Wire

FEBRUARY 11, 2022

Black Knight ‘s Optimal Blue , which provides data for the secondary market, reported the average rate for 30-year conforming mortgages was 4.071% on Friday morning. Joel Kan, associate vice president of economic and industry forecasting, at the Mortgage Bankers Association said rates could head even higher in 2022. “If

Industrial 382

Industrial Mortgages Fixed-rate mortgage Equity 382

Housing Wire

APRIL 24, 2024

Dallas, too, is outpacing the rest of the country in office count, sale-to-list price ratio and average price per square foot, according to CoreLogic data shared exclusively with HousingWire. That is similar to the iBuyer slowdowns in markets like Jacksonville as the industry segment struggles to gain a foothold. Census Bureau.

Brokerage 364

Brokerage Marketing MLS Mortgages 364

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. HW: What are the risk management challenges for REO assets?

Due diligence 373

Due diligence Marketing Mortgages New Construction 373

Housing Wire

NOVEMBER 8, 2023

“The largest, undisrupted market in the U.S.,” The Opendoor presentation projected sales of more than 37,500 homes in 2023. While home sales are down nationwide in 2023’s high-mortgage-rate environment , sales data suggests the aspiring disruptors are losing ground to industry stalwarts.

Marketing 411

Marketing Investor Sales Renovation 411

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 364

Sales MLS Short sale Marketing 364

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. and reach 5.5% and reach 5.5%

Mortgages 484

Mortgages Marketing Banks Industrial 484

Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Year over year, pending sales are showing promise in every region of the U.S, compared to a year ago. The Midwest dropped 0.7%

Sales 532

Sales Development Equity Land 532

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” months of supply at the current sales pace.

Sales 372

Sales MLS Mortgages Marketing 372

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. Additionally, the program aims to improve diversity across the industry.

Mortgages 341

Mortgages Title Marketing Lending 341

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. In addition, U.S.

Industrial 385

Industrial Mortgages Purchase and sale agreement Banks 385