Housing Wire

JANUARY 3, 2024

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. “To 15 and reviewed by HousingWire.

Loan Officer 361

Loan Officer Development Mortgages Investor 361

Realty Biz

AUGUST 30, 2023

Real estate investors are buying 45% fewer homes in the second quarter of 2023 than they were in the same period last year, according to a new report from Redfin. In fact, the report found that investors purchased 19% of all homes sold in the second quarter, down from 32% in the same period last year.

Investor 103

Investor Lending Finance Mortgages 103

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

Fixed-rate mortgage 527

Fixed-rate mortgage Mortgages New Construction Construction 527

Broke Agent Media

APRIL 26, 2023

BAM Key Details: A new Redfin report finds real estate investors lost money on about one of every seven (13.5%) U.S. home sales that closed in March sold for less than the seller originally paid for it. home sales that closed in March sold for less than the seller originally paid for it. for investors. for investors.

Investor 98

Investor Sales Mortgages Closing 98

Housing Wire

APRIL 18, 2024

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “

Loans 371

Loans Due diligence Investor Technology 371

Housing Wire

APRIL 22, 2024

You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). I’m sure you’ve seen the for sale sign in the yard at (address). This letter template is full of value, specifically targeted toward for-sale-by-owners (FSBOs). Great news!

Brokerage 346

Brokerage Investor Agents Pre-approval 346

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. trillion — with sales of new homes rising in dominance. Fannie Mae recently projected originations for 2023 at $1.59

Renovation 452

Renovation Sales Investor Mortgages 452

Housing Wire

MARCH 29, 2023

And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. Purchase applications remain over 30% behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.”

Mortgages 397

Mortgages Pre-approval Banks Loan Officer 397

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer.

Title search 502

Title search Title Renovation Investor 502

HomeLight

JUNE 19, 2023

When making plans to sell a house, homeowners face a big decision: should they sell to a home investor or work with a local real estate agent and list on the open market? As investor sales continue to develop, so do the options available to sellers. What is the difference between an investor and a typical homebuyer?

Investor 88

Investor Agents Renovation Development 88

Housing Wire

APRIL 23, 2024

Investor interest, product offerings When asked about investor interest, Krajewski said that partners are eager about the prospect of more companies entering the reverse mortgage business — especially firms that are well known to them. One of our goals is building out a retail sales team, which is really important to us.

Mortgages 310

Mortgages Loan Officer Investor Lending 310

HomeLight

APRIL 22, 2024

Albuquerque is ripe with opportunities for real estate investors due to its relative affordability, abundance of high-quality tenants, and growing economy. Sell Your Albuquerque House Fast With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

Proof of funds 62

Proof of funds Sales Due diligence Investor 62

Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. The lender securitized four deals in 2021. We’re picking up some of the guys from conforming loans.”

Mortgages 389

Mortgages Investor Loans Banks 389

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. Economic resilience is taking investors aback. Consumer spending keeps growing, as do auto sales, which were expected to soften. By contrast, the 30-year was at 5.30% a year ago at this time.

Mortgages 378

Mortgages Construction New Construction Investor 378

Housing Wire

JANUARY 19, 2023

Voyles will be responsible for growing the retail division overseeing sales, operations and marketing as well as building on the existing framework, the company said Wednesday. After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation.

Mortgages 355

Mortgages Loan Officer Lending Banks 355

Housing Wire

JUNE 28, 2022

Since the summer of 2020, I have talked about how to cool down home sales: we need the 10-year yield to break over 1.94%. Also, certain investors felt no fear post-2020. From Freddie Mac : In general, investors are mostly mom-and-pop investors, and a lot of them are looking for rental yield, and everyone needs shelter.

Marketing 449

Marketing Investor Mortgages Sales 449

Housing Wire

APRIL 11, 2024

So, from origination to processing, closing, sales and servicing — we don’t have the servicing piece, but we connect the dots into servicing for valuation and analytics, and so on. You’re talking about many hundreds of investors with their different rules and what they’re willing to underwrite. 1 position forever.

Technology 387

Technology Investor Closing Development 387

Housing Wire

APRIL 13, 2023

Sahi will be involved in all aspects of the corporate strategy, business development, sales and account management, the firm said Thursday. Movement Mortgage , First American Financial and FinVC also joined existing investors 8VC , Khosla Ventures and Fifth Wall.

Technology 252

Technology Mortgages Development Loans 252

Realty Biz

JUNE 17, 2022

Although the sale of real estate properties in the United States will incur the payment of capital gains taxes, there are legal ways by which real estate investors can avoid paying such taxes, which are quite a substantial percentage of the final price. Most real estate exchange transactions would be considered a ‘sale.’

Investor 93

Investor Commercial Sales Land 93

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. Auction.com accounts for nearly half of all sales to third-party buyers at foreclosure auction nationwide. Price Correction Risk by Region.

Marketing 411

Marketing Investor Renovation As-is 411

Housing Wire

JULY 21, 2023

In 2023, the W Team closed an impressive $102,683,254 in sales volume, earning her team the #21 rank in New York City and #36 position in New York State by RealTrends for small teams. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. where she launched her own team.

Brokerage 289

Brokerage Investor Finance Technology 289

Brownstoner

JUNE 14, 2023

In addition to being a top producing real estate broker at Compass, Monica Breese is also a designer, interior decorator, and occasional investor in her client's development projects — a diversity of skill sets that qualify her to help improve a property's value.

Sales 95

Sales Agents Investor Development 95

Housing Wire

JANUARY 4, 2022

With eMortgages, when the most critical component of the loan file – the note – is digitized, it allows lenders to expedite the delivery of loan collateral to their investors or warehouse lenders. “They impact the delivery processes to warehouse lenders and investors.

Closing 432

Closing Industrial Investor Loans 432

The Close

DECEMBER 15, 2023

Because investors continue to buy and sell properties regardless of whether it is an up or down market , it’s always a good time to work with investors. That’s why a relatively small percentage of agents, the ones who work with investors, split an estimated 13% of the $100 billion annual real estate commission pool—around $13 billion.

Investor 68

Investor Marketing Purchase and sale agreement Agents 68

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Property managers and real estate agents who are interested in working with investors.

Purchase and sale agreement 382

Purchase and sale agreement Investor Hard money loan Lending 382

Housing Wire

JULY 24, 2023

The planned sale of Optimal Blue requires time for the FTC staff to analyze the implications of the divestiture for this case and divestiture for this case and the parallel administrative proceedings; discuss a potential resolution of the pending matter with Defendants; and advise the FTC Commissioners, the parties said in the court filing.

Investor 293

Investor Staging Equity Closing 293

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 385

Equity Purchase and sale agreement Marketing Lending 385

Housing Wire

JULY 17, 2023

This powerful combination expands the reach of real estate listings to a global audience, attracting international buyers and investors. However, developing interactive virtual tours requires advanced rendering techniques and programming expertise, making them more complex to create compared to guided tours.

Technology 266

Technology Staging Development Agents 266

Housing Wire

FEBRUARY 10, 2022

Staff at San Diego-based ReverseVision was informed of the sale this morning. This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. This is a developing story.

Development 341

Development Loans Mortgages Technology 341

Housing Wire

NOVEMBER 7, 2022

But in the current mortgage landscape, with crazy rate spreads and shy investors, non-QM can be a dangerous space. With surging rates , lenders are struggling to sell in the secondary market legacy lower-rate loans originated months ago as investors seek higher yields. Since 2008, it has funded over 14,000 loans, reaching $5.5

Lending 421

Lending Investor Loans Mortgages 421

Housing Wire

MARCH 17, 2022

“Blockchain can provide enhanced protections and transparency in the ownership process for consumers and real-time settlement for investors, replacing trust with truth to create a faster, more efficient process for everyone.

Lending 442

Lending Technology Loans Mortgages 442

Housing Wire

OCTOBER 11, 2023

“Investors have a view of this sector in general; every company has a low valuation, and certainly in mortgages,” Martell said. ” Martell said loanDepot is investing in fundamental, underlying systems and looking at the point-of-sale technology. ” loanDepot’s stock closed at $1.47 on Wednesday. ”

Mortgages 393

Mortgages Investor Technology Development 393

Housing Wire

JANUARY 25, 2024

The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez. LoanSnap originated $3 million in production volume over the past year across 32 units, data from mortgage technology platform Modex showed.

Loan Officer 340

Loan Officer Loans Banks Title 340

Housing Wire

JULY 1, 2022

“We work with brokers on their submissions from the get-go by recommending the right product, catching errors or missing information upfront and stewarding the application through to underwriting,” said Tom Davis, Chief Sales Officer at Deephaven Mortgage. Tom Davis, Chief Sales Officer.

Mortgages 341

Mortgages Lending Loans Development 341

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

Renovation 339

Renovation Development Rent back Principal 339

Realty Biz

OCTOBER 23, 2023

Many people have noticed condo sales sinking throughout the country this year due to a variety of factors. High-interest rates, strict mortgage rules, and economic slowdowns have all been responsible for the decline in sales in most markets. Calgary Simply put, Calgary condo sales are booming. The perfect storm, really.

Sales 84

Sales Marketing Investor As-is 84

Realty Biz

SEPTEMBER 26, 2023

For those searching for Greece property for sale , understanding the intricacies of the country's real estate regulations and practices is paramount. This contract is not mandatory but can serve to outline the terms of the sale, including the price and any other conditions both parties wish to include.

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Purchase and sale agreement Sales Due diligence Land 77