Housing Wire

OCTOBER 23, 2023

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. Scott Wright is a partner with RTC Consulting , a real estate brokerage valuation and M&A consulting firm. Data cleanliness can make or break a transaction!

Due diligence 325

Due diligence Brokerage Staging Agents 325

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 355

Brokerage Mortgages Loan Officer Banks 355

Housing Wire

MARCH 14, 2022

and abroad by world and industry leaders was highlighted in the “Pandora Papers,” a trove of nearly 12 million confidential documents obtained and published by the International Consortium of Investigative Journalists. The use of shell companies to purchase real estate and other assets in the U.S.

Industrial 395

Industrial Title Commercial Banks 395

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months. Bank, Citi and Bank of America looking to expand the ranks of LOs. He’s also bringing in brokers.

Mortgages 440

Mortgages Banks Brokerage Loans 440

REM Online

APRIL 15, 2021

The original post can be found at the following URL: Banks and credit unions are changing Canada’s real estate industry. Insightt now predicts that in the next five years, most major banks and credit unions will own their own real estate brokerage company. Here are some of the reasons we think that will happen.

Banks 94

Banks Industrial Brokerage 94

Housing Wire

APRIL 8, 2024

Analysts at investment bank Keefe, Bruyette & Woods believe that the Department of Justice will intervene in Sitzer/Burnett commission lawsuit after receiving the green light to reopen its investigation into the National Association of Realtors. Circuit Court of Appeals in D.C.

MLS 457

MLS Brokerage Agents Residential 457

Housing Wire

APRIL 17, 2023

Multi-channel mortgage lender New American Funding (NAF) is entering the joint ventures arena, offering multiple JV models in a margin-compressed and highly regulated industry. For a standalone model, NAF and the partner company will form a mortgage banking company that can support funding loans of at least $150 million annually.

Brokerage 297

Brokerage Banks Loan Officer Mortgages 297

Inman

APRIL 18, 2024

First Federal Bank continues expansion of its nationwide mortgage lending operations with deal to acquire Watson Mortgage Corp. and investments in digital solutions.

Mortgages 120

Mortgages Brokerage Banks Lending 120

Housing Wire

FEBRUARY 27, 2024

The executive has more than 25 years of mortgage industry experience in helping lenders mitigate risk. Broomall, Pennsylvania-headquartered Xactus, founded in 1928, has more than 6,500 clients ranging from the largest bank and nonbank mortgage originators to credit unions and mortgage brokerages.

Technology 308

Technology Mortgages Banks Brokerage 308

Marco Santarelli

NOVEMBER 8, 2023

The trucking industry in the United States has faced immense challenges over the past two years. Brokerages have suffered, with some even shutting down. The industry has seen hiring freezes and belt-tightening measures becoming the norm. million people.

Banks 52

Banks Commercial Loans Industrial 52

Housing Wire

APRIL 9, 2024

Homeownership is used far too often as the federal piggy bank. Last week, we wrote a Letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t. But now a new threat is emerging on this front.

FHA loan 423

FHA loan Loans Title Mortgages 423

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies.

Fixed-rate mortgage 357

Fixed-rate mortgage Loans Mortgages Loan Officer 357

Housing Wire

JUNE 27, 2022

The sudden spike in interest rates – which rose to a high of more than 6% in mid-June before falling to the 5.75% range a week later – has proven a shock to the system for the mortgage industry. For Dicker and the industry at large, the future is increasingly uncertain and the overall outlook can feel like a losing proposition.

Marketing 397

Marketing Brokerage Loan Officer Mortgages 397

Housing Wire

MARCH 22, 2023

Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates , following the turbulence in the financial markets caused by regional bank failures. Mortgage-backed securities, usually long-term investments and one of the last resources to improve banks’ liquidity, are among these assets.

Mortgages 339

Mortgages Banks Loans Brokerage 339

Housing Wire

MAY 14, 2024

Homeownership is used far too often as the federal piggy bank. Last week, we wrote a letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t. But now a new threat is emerging on this front.

FHA loan 293

FHA loan Loans Title Mortgages 293

Propmodo

JANUARY 17, 2023

Today, large companies in the insurance and banking industries are still the ones most likely to have chief data officers but the executive role has spread beyond those sectors. Other prominent commercial real estate brokerages, such as Cushman & Wakefield and CBRE, have also appointed chief data officers.

Commercial 115

Commercial Brokerage Technology Banks 115

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 402

Loans Mortgages Banks Fixed-rate mortgage 402

Inman

MARCH 17, 2023

This week, Byron Lazine and Nicole White discuss Brad Inman's view on the Silicon Valley Bank collapse, Plunk's impact on the real estate industry and Elon Musk's future Texas fiefdom.

Industrial 115

Industrial Banks Brokerage Agents 115

Realty Biz

FEBRUARY 9, 2023

When it comes to how the economy impacts the job market, it’s not exactly rocket science: poor economic conditions have a ripple effect on dozens, if not hundreds, of industries. Let’s take a closer look at what this brokerage bust might mean for real estate professionals everywhere. Banks have been scrambling to keep up.

Brokerage 85

Brokerage Lending Banks Mortgages 85

Housing Wire

OCTOBER 10, 2023

After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I More than a dozen industry pros and attorneys told HousingWire that RESPA rules are unclear, leaving violations to flourish in a shrinking market.

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Loan Officer Loans Brokerage Mortgages 399

The Close

OCTOBER 26, 2023

Opening your own brokerage is a huge milestone in your real estate career. However, if you don’t accurately estimate your real estate brokerage expenses, your startup dream can quickly become a nightmare. In my 28-year career in real estate, I have launched or coached more than 20 startup real estate brokerages.

Brokerage 93

Brokerage Branding Agents As-is 93

Housing Wire

JANUARY 14, 2022

HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate. investment bank in Los Angeles.

Brokerage 386

Brokerage Loan Officer Banks Agents 386

Housing Wire

JULY 15, 2022

Wells Fargo ‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a rapid rise in mortgage rates has eroded consumer demand, shocked capital markets and forced mass industry layoffs. The bank eliminated 72 mortgage jobs in Iowa across earlier layoffs.

Mortgages 382

Mortgages Lending Banks Brokerage 382

Housing Wire

AUGUST 8, 2023

Some regional banks working in the space collapsed due to a tightening monetary policy and a deposit run. In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market. A tough moment for banks Originating jumbos became trickier in the wake of the 2020-2021 refi boom.

Banks 311

Banks Loans Mortgages Lending 311

GeekEstate

FEBRUARY 23, 2023

TAKING FLIGHT Profit margins for brokerages are abysmal in most cases—without ancillary services, losses would accumulate in a hurry. A similarly unprofitable industry roams the skies. TURBULENCE AHEAD What if you built a brokerage into a bank the same way airlines iterated over the years? It sure pays to be loyal.

Banks 62

Banks Brokerage Branding Closing 62

Inman

MARCH 13, 2023

The meltdown of Silicon Valley Bank has sent shockwaves through the proptech industry. Here’s how to keep it from poisoning the well during the spring market.

Banks 110

Banks Industrial Marketing Branding 110

Housing Wire

APRIL 11, 2024

This influence is why analysts at investment bank Keefe, Bruyette & Woods (KBW) believe the drama surrounding NAR’s commission lawsuit settlement agreement is far from over. While the DOJ’s next move currently remains unknown, it is clear that the appeals court’s decision has caused a lot of uncertainty across the real estate industry.

MLS 386

MLS Industrial Agents Banks 386

Housing Wire

MAY 18, 2023

The Association of Independent Mortgage Experts (AIME) called on the NMLS policy committee to make it a requirement for every state to adopt a broker-specific license option amid the committee seeking feedback on a proposal to adopt a standardized approach for the mortgage industry licensing.

Brokerage 302

Brokerage Loans Mortgages Banks 302

Housing Wire

APRIL 1, 2024

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. The annual investment volume in the U.S.

Equity 366

Equity Finance Purchase and sale agreement Investor 366

Housing Wire

AUGUST 5, 2022

“While the housing sector slows, the construction industry has faced a skilled labor shortage for many years and will continue to try and fill empty positions. One industry that has fared poorly is mortgage – mortgage banking companies shed 9,300 workers in June, according to the BLS.

Construction 387

Construction Residential Banks Mortgages 387

Housing Wire

JANUARY 6, 2023

Although there are an increasing number of high-profile layoffs , particularly in the technology sector and also in the mortgage industry, hiring in other sectors of the economy are more than offsetting these on net. According to the latest BLS statistics, mortgage banking companies cut 7,200 jobs in November.

Marketing 419

Marketing Residential Construction MLS 419

Housing Wire

JUNE 1, 2021

The deal will allow Black Knight access to Top of Mind’s brain child, Surefire, a customer relationship management system and marketing automation software for the mortgage lending industry. ” The software boasts an all-in-one connectivity between LOSs, CRM, POSs, lead sources and sales acceleration systems.

Loan Officer 422

Loan Officer Loans Banks Commercial 422

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. Both Redfin and Compass are considered disruptors in the real estate industry, but neither has managed profitability.

Marketing 367

Marketing Brokerage Mortgages Title 367

Housing Wire

MARCH 1, 2022

As an entrepreneur, I get extremely vested when I see our industry friends and innovators land exceptional outcomes. This isn’t a new story in mortgage lending or real estate brokerage. The 2022 Tech100 Mortgage winners demonstrate a crop of innovators that understand the dynamics of the housing industry. This isn’t good.

Technology 312

Technology Brokerage Lending Mortgages 312

Housing Wire

SEPTEMBER 20, 2023

That demand means now is an opportune time for smaller, struggling independent mortgage banks (IMBs) to sell MSRs to manage cash flow and their balance sheets as pricing is likely at a high point in the market. “I Typically, we see for the industry average about 30% [MSR] retention and 70% released [or sold]. trillion, up some 92%.

Banks 347

Banks Loans Principal Investor 347

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here for more details on eligibility.

Finance 324

Finance Banks Brokerage Closing 324

Housing Wire

APRIL 3, 2023

Profitability has been a sore spot for Robert Reffkin and his brokerage, Compass. Reffkin doesn’t shy away from the fact that the brokerage has received billions in venture capital and debt. Reffkin doesn’t shy away from the fact that the brokerage has received billions in venture capital and debt.

Banks 291

Banks Brokerage Closing As-is 291