article thumbnail

Introducing the 2023 HW Finance Leaders!

Housing Wire

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. Congratulations to the 2023 HW Finance Leaders. As the housing market continues to face volatility, the role of CFO has become increasingly critical.

Finance 351
article thumbnail

Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And 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 405
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

According to the brokerage, 6.5% And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found.

Mortgages 501
article thumbnail

Pop the champagne, Compass hits major financial milestone

Housing Wire

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

Brokerage 360
article thumbnail

Reverse mortgage veteran offers advice for bringing new partners aboard

Housing Wire

The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lender, and it is spearheaded by Ryan Schmidt, FAR’s vice president of partner engagement. With the right ambassador, that task is made simpler.

Mortgages 351
article thumbnail

Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

Principal 366
article thumbnail

Mark Willis steps back into CEO role at Keller Williams

Housing Wire

Willis joined Keller Williams from Coldwell Banker in 1991, serving in multiple roles during his time with the brokerage. Treble damages could result in NAR and the defendant brokerages paying roughly $5.36 That’s Mark Willis.” He left the company in 2016. The defendants have been ordered to pay damages of $1.78

Brokerage 421