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MORE Seller Financing wants to debunk ‘the bad rap for wraps’

Housing Wire

In an era of high mortgage rates and stagnant home sales , a real estate transaction model is making waves by reintroducing and standardizing a once-popular financing method. We are the very first company in the country to standardize the seller financing process, put a wrapper around it, brand it and call it MORE, Leahy told HousingWire.

Finance 370
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Real launches three new products during its agent conference

Housing Wire

The final product Real unveiled at RISE is Real Wallet , a financial platform designed to help agents control and manage their finances. based agents can sign up for a business checking account with Thread Bank , which includes a Real-branded debit card. The product is currently available to select agents in the U.S. and Canada.

Agents 410
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Enterprise Community Partners combines CFO, COO roles

Housing Wire

The move comes as Enterprise combines its finance and operations functions following the recent departure of former COO Drew Warshaw. Earlier in his career, Rands worked at Citibank as a finance director. The move was effective May 1. Rands holds an MBA and a bachelors degree in political science from the University of Utah.

Finance 280
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New York Community Bank to acquire Flagstar

Housing Wire

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. according to Inside Mortgage Finance.

Banks 384
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Real Brokerage leverages agent count growth for soaring revenue

Housing Wire

Another factor is Reals private-label program, which launched in 2024 and allows brokerage affiliates to keep their branding. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 Real also added head count to its nascent mortgage business.

Brokerage 369
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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 370
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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. With several top 10 reverse mortgage lenders now active in some form within the U.S.

Investor 368