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 421

Purchase and sale agreement Sales Closing costs Closing 421

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 431

Sales Fixed-rate mortgage MLS Mortgages 431

Housing Wire

FEBRUARY 13, 2024

TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. It also hired Arend de Jong , co-founder and former chief financial officer of Sales Boomerang, as CFO, the company announced. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc. Mortgage tech firm TRAiNED Inc.

Sales 421

Sales Mortgages Title Loans 421

Housing Wire

FEBRUARY 13, 2024

According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community.

Sales 458

Sales Principal Staging Construction 458

Housing Wire

SEPTEMBER 24, 2023

The 10-year yield fell on Friday, bringing some relief, but we got very close to yearly highs for mortgage rates. It’s been hard to grow the housing supply this year as home sales are stable compared to last year’s massive collapse in demand. The pending home sales data should come in soft with the recent spike in mortgage rates.

Closing 484

Closing Mortgages Sales As-is 484

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs. Those borrowers are eligible to receive an additional 0.5%

Closing costs 397

Closing costs Closing Agents Mortgages 397

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 431

Sales Banks Technology Investor 431

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 415

Sales Loan Officer Principal Loans 415

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 410

Sales Mortgages Closing As-is 410

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The gain-on-sale margin also nosedived to 1.16% in the second quarter, down from 1.96% in the previous quarter. loanDepot shares closed at $1.84 billion and $10.5 in cash on hand.

Closing 479

Closing Principal Lending Loans 479

Housing Wire

DECEMBER 17, 2021

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. The post 2022 Tech100 nominations are closing soon!

Closing 397

Closing Technology Mortgages Agents 397

HomeLight

NOVEMBER 21, 2023

It’s closing time and the pressure’s on. Even with a rock-solid offer in hand, the hard part of your home sale is yet to come. Cue the closing attorney. Connect with a Top Agent to Sail Through to Closing Working with a top agent can help you get to closing day faster — and get you more for your home sale.

Closing 113

Closing Sales Agents As-is 113

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Closing 387

Closing Mortgages Lending Technology 387

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. Law360 and National Mortgage News first reported on AmeriFirst’s motion seeking approval of loan sales. million to Centier Bank.

Loans 410

Loans Bankruptcy Sales Commercial 410

Housing Wire

SEPTEMBER 2, 2021

Additionally, borrowers have stated that the two most appreciated aspects of an online application process were “a simpler application process (55%) and reduced time to close (53%).” Creating a tech stack geared towards increasing closing efficiency isn’t just about offering eClosings.

Technology 432

Technology Closing Loan Officer Mortgages 432

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 458

Sales New Construction Staging Mortgages 458

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. ” Prior to this role, McGrew was the chief operating officer and senior vice president of sales at Pavaso , a full-service eClosing platform. .” based boutique SAP consulting firm.

Sales 409

Sales Mortgages Technology Lending 409

Housing Wire

AUGUST 22, 2023

Despite a sharp drop in home sales compared to the year-earlier period, the median existing-home sales price rose 1.9% It was the fourth time the monthly median sales price exceeded $400,000, according to the NAR. By contrast, the West saw existing-home sales increase 2.7% from one year ago to $406,700. a year ago.

Sales 366

Sales MLS Mortgages Marketing 366

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 370

Sales Construction Mortgages Closing 370

Housing Wire

MARCH 5, 2024

In addition, NYCB is also responsible for a subservicing portfolio close to $300 billion in UPB, comprehending about 1 million loans, per KBW analysts’ estimate. We estimate that an MSR sale could benefit CET 1 by 10-15 bp.” billion, analysts wrote in a report on Monday. 31, 2023, down from 9.59% in the third quarter.

Sales 431

Sales Banks Principal Loans 431

Housing Wire

DECEMBER 30, 2020

pending home sales slid for the third consecutive month in November, dropping 2.6% “It is important to keep in mind that the current sales and prices are far stronger than a year ago.” “It is important to keep in mind that the current sales and prices are far stronger than a year ago.” year over year.

Sales 534

Sales Mortgages Closing Loans 534

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 425

Sales Mortgages Principal Equity 425

Housing Wire

MARCH 29, 2022

The 2022 RealTrends 500 rankings top movers by transaction sides is based on 2021 sales data. Top movers is a ranking of the 50 firms in the RealTrends 500 that had the largest increase in closed sides or largest increase in sales volume between 2020 to 2021. Top 50 Movers by sales Volume. View the full rankings.

Closing 368

Closing Brokerage Sales Agents 368

Housing Wire

JANUARY 4, 2022

For well over a decade, the industry has made steady progress in digitizing mortgage closings. As a result, closings today fall on a spectrum of digitization, with benefits that increase with each component that is digitized and each document that is electronically signed (eSigned). Snapdocs eMortgage Quick Start Program.

Closing 441

Closing Industrial Investor Loans 441

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

Closing 296

Closing Marketing Title Title search 296

Housing Wire

MAY 10, 2023

The data also suggests that the economy is close to peak rent inflation—lower monthly rent prices have been recorded for two consecutive months, and the price growth for new leases is still decelerating. He also anticipates new and existing home sales to bottom out in 2023 before rising again in 2024. month over month, thanks to a 0.6%

Closing 384

Closing MLS Construction Banks 384

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 384

Sales MLS Mortgages Marketing 384

HomeLight

MARCH 22, 2024

When you bought your home, you probably remember paying closing costs beyond the purchase price. Now you’re preparing to sell, and a common question for first-time sellers is, “Who pays closing costs when selling a house?” Get Started Who pays closing costs when selling a house? How much are seller closing costs?

Closing costs 109

Closing costs Closing Purchase and sale agreement Agents 109

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

Inspection 432

Inspection Closing Closing costs Title search 432

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. The post Home sale prices reach record highs — again appeared first on HousingWire.

Sales 458

Sales Construction Closing Marketing 458

RIS Media

JUNE 27, 2023

OneKey® MLS, the largest MLS in New York, has announced that residential, condo, and co-op sales transactions in the regional MLS coverage area saw a 2.6% increase in closed median sale price month-over-month from April to May 2023. MoM appeared first on RISMedia.

Residential 115

Residential Closing Sales MLS 115

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 395

Loans Pre-approval Closing Marketing 395

Housing Wire

OCTOBER 28, 2021

After rising 8% in August, pending home sales dropped 2.3% in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. While market activity is lower than a year ago, the pending home sales index is still up 7% than September 2019. The index dropped to 116.7

Sales 421

Sales Renovation Banks Marketing 421

Housing Wire

NOVEMBER 29, 2021

Today, pending home sales came in as a big beat of estimates — up 7.5% From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% Home sales had a big gap from trending sales to where total sales closed in 2020.

Sales 530

Sales Investor Title Mortgages 530

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. What happens on a home sale closing date?

Closing 109

Closing Purchase and sale agreement Title Closing costs 109

HomeLight

MARCH 28, 2024

This second option, called for sale by owner or FSBO for short, is much less common, constituting only 7% of sales in 2023 , according to the National Association of Realtors® (NAR). Many sellers who decide to handle their home sale do so to avoid paying a commission to a seller’s agent (also called a listing agent).

Sales 113

Sales Agents Closing Industrial 113

RIS Media

MAY 22, 2023

Over the past few years, closing a real estate deal was easy for many real estate agents. The actual closing seemed like just a formality. Homes flew off the market almost as soon as they were listed.

Closing 98

Closing Sales Marketing Agents 98