Housing Wire

NOVEMBER 22, 2023

Price cuts are not the only way builders are fighting for sales. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. But boosting sales is only one part of keeping supply in check. 2019 level.

Closing 413

Closing Closing costs Sales Mortgages 413

Housing Wire

FEBRUARY 8, 2024

E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign’s market capitalization is close to $10.5

Sales 390

Sales Banks Technology Investor 390

Housing Wire

MAY 9, 2022

Fast-rising interest rates hit Finance of America Companies hard in the first quarter of 2022 and the company cut almost 600 jobs compared to one year ago. . Meanwhile, gain-on-sale margins declined from 3.41% in Q1 2021 to 2.52% in Q4 2021 and then to 2.11% in Q1 2022. Finance of America shares closed at $2.46

Finance 358

Finance Commercial Mortgages Investor 358

Housing Wire

SEPTEMBER 28, 2023

Mirroring the trend for new home sales , pending home sales fell 7.1% Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

Sales 428

Sales MLS Mortgages Closing 428

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

Purchase and sale agreement 396

Purchase and sale agreement Sales Closing costs Closing 396

Housing Wire

DECEMBER 20, 2023

Sales of existing-homes inched up in November, breaking a streak of five consecutive monthly declines. While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. Existing-home sales grew 0.8% Existing-home sales grew 0.8% Looking at the four major U.S.

Sales 378

Sales Fixed-rate mortgage MLS Mortgages 378

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Sales 387

Sales Mortgages Closing As-is 387

Housing Wire

MAY 9, 2024

The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted in a non-GAAP net income of $141 million from January to March, compared to a $361 million loss in the previous quarter. billion in closed loan volume from January to March.

Sales 238

Sales Principal Loans Mortgages 238

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. The big thing is the carrying cost that a lot of [smaller] investors don’t realize. “If

Finance 354

Finance Marketing Lending Investor 354

Housing Wire

JANUARY 31, 2023

His goal is to bring his sales numbers up to $450 to $500 million, with origination coming from different states, and potentially capitalizing on a little refinance boom in the latter part of 2023. The problem we have with the people that already own a home is you cannot buy with sales contingencies here. It’s a conundrum.

Loans 330

Loans Pre-approval Closing Marketing 330

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. Pending home sales decreased in all four regions compared to one year ago.

Sales 289

Sales MLS Construction Banks 289

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 450

Sales New Construction Staging Mortgages 450

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. .: $6.2 billion in 2021 Green Financing : $9.1 First Name Email Subscribe The post Fannie Mae Multifamily Financing Closed $69 Billion in 2022 first appeared on BAM. billion Newmark: $4.6

Finance 98

Finance Closing Equity Commercial 98

Housing Wire

FEBRUARY 28, 2024

They will also be offered closing cost credits of up to 0.5% of the sales price when buying a home and up to 1% when selling. The program is only eligible for loans that close through Newrez. Unlike other offerings, there is no limit on the home sales price. billion in 2023, per data from Inside Mortgage Finance.

Closing costs 385

Closing costs Loan Officer Closing Loans 385

Housing Wire

APRIL 27, 2022

First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. The wholesale division provides underwriting and closing services to small banks, credit unions, and mortgage brokers. billion in home loans last year.

Sales 315

Sales Mortgages Banks Lending 315

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). It contrasts with new home sales , which moderated in the same period (-2.5%). The NAR’s Pending Home Sales Index climbed to a reading of 76.8

Sales 349

Sales Construction Mortgages Closing 349

HomeLight

MARCH 28, 2024

When a home sale closing is delayed, it’s usually the buyer holding up the deal due to financing hiccups, low appraisals, title issues, or problems found during the final walkthrough. But what happens if a seller misses the closing date? The closing date is always in the contract.

Closing 102

Closing Purchase and sale agreement Title Closing costs 102

Housing Wire

APRIL 2, 2024

Steinway, who closed more than $1.5 billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area. billion in mortgages in 2023, according to estimates from Inside Mortgage Finance.

Loan Officer 355

Loan Officer Loans Finance Mortgages 355

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

FEBRUARY 2, 2023

The silver lining for the business was the strong sales in its Encompass loan origination software system in the fourth quarter, executives said in its latest earnings call on Thursday. We had a very strong quarter in Encompass sales,” Ben Jackson, president and chair of ICE Mortgage Technology, said in its fourth quarter earnings call. “In

Technology 348

Technology Sales Mortgages Lending 348

Housing Wire

NOVEMBER 3, 2020

The company has introduced significant workflow efficiencies with mini-bulk loan sales, allowing users to send bids to multiple investors and integrate with the MSR broker community to value MSRs with brokers assumptions and create multiple automated commitments with just one click. Two industry leaders, one united focus.

Industrial 364

Industrial Closing Loans Lending 364

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

Closing 458

Closing Loans Banks Investor 458

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. FAM TPO’s process helps brokers exceed client expectations and get to the closing table with minimal friction. He has built an entire operation and sales region from the ground up.

Finance 282

Finance Lending Loans Technology 282

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. “But agent commissions have never been a closing cost from a buyer perspective. points from the 7.5%

VA loan 443

VA loan Agents Seller concession FHA loan 443

Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. The sale is expected to close in the third quarter of 2024. market share, according to Inside Mortgage Finance (IMF) estimates. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan.

Loans 309

Loans Mortgages Due diligence Banks 309

HomeLight

SEPTEMBER 21, 2023

So, you’ve accepted an offer on your home sale. Maybe you’ve made it through the settlement and you’re still awaiting closing day , or perhaps you’re still negotiating with your buyer. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale?

Closing 107

Closing Due diligence Inspection Title 107

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. Better ranked as the 62nd largest mortgage lender in the first half of 2023, according to Inside Mortgage Finance. million the previous quarter.

Mortgages 346

Mortgages Finance Technology Loans 346

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale 97

Short sale Closing costs Closing Sales 97

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. This synergy allows Planet to offer unparalleled operational support to its sales professionals, along with no hidden overlays and some of the industry’s best turn times.”

Lending 364

Lending Loans Renovation Mortgages 364

Real Trends

MARCH 8, 2023

Use this guide to get your transactions back to the closing table and don’t give up. What do you do when your buyer’s financing is denied? We have closed thousands of transactions over the lifespan of our real estate careers, and we have coached thousands of clients to meet or exceed their goals.

Debt-to-income ratio 94

Debt-to-income ratio Finance Backup offer Agents 94

Housing Wire

MAY 18, 2024

However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen. In 2022, we saw the biggest crash in home sales ever, and the price-cut percentage data slope was high-speed, especially toward the end of the year.

Mortgages 420

Mortgages Sales Banks Finance 420

Housing Wire

FEBRUARY 13, 2024

During an all-hands call Tuesday morning, Academy’s leadership informed employees about the M&A deal , which is expected to close in mid-April. Academy’s sales workforce and management will receive job offers and work as a division of Guild. Representatives at both companies did not immediately reply to a request for comments.

Mortgages 423

Mortgages Loan Officer Loans Finance 423

Inman

FEBRUARY 16, 2024

Construction technology company Higharc closed a $53 million Series B round of financing led by Spark Capital and Pillar VC.

Construction 134

Construction Sales Technology Finance 134

HomeLight

MAY 10, 2024

Sell Your House Fast in Columbus With a Cash Offer Get an all-cash, no-obligation offer on your Columbus home through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in as little as 24 hours and close in as few as 10 days. No showings, no repairs, no open houses.

Proof of funds 87

Proof of funds Sales Due diligence Investor 87

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.

Closing costs 91

Closing costs Closing Title Loans 91

Housing Wire

SEPTEMBER 29, 2023

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. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% According to the brokerage, 6.5% the month prior.

Mortgages 498

Mortgages Principal Brokerage Finance 498

Housing Wire

APRIL 8, 2024

. “We think the premise of the thesis is misplaced,” Eric Hagen and Jake Katsikas wrote in the company’s weekly mortgage finance roundup. UWM’s total gain-on-sale margins increased to 92 basis points in 2023, compared to 77 bps in 2022. Margins were close to the 99 bps level before the Game On pricing initiative.

Loans 298

Loans Loan Officer Mortgages Closing costs 298