Mandrona Group

JULY 6, 2022

A photograph can be worth more than a thousand words. This is especially true in real estate. You might have. Read More.

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Housing Wire

JULY 6, 2022

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The company informed workers of the shut down in a conference call on Wednesday, a former staffer said. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility.

Mortgages 511

Mortgages Investor Residential Loans 511

Keeping Current Matters

JULY 6, 2022

It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years.

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Equity 259

Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collaps

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Lending Mortgages Loans As-is 501

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Realty Biz

JULY 6, 2022

It is not unusual for real estate markets to change. It happens all the time. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically. Your probably wondering what are the major signs that the real estate market is changing in your local area.

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Home sale contingency Marketing Inspection contingency Inspection 138

Housing Wire

JULY 6, 2022

Wells Fargo, the third-biggest mortgage lender in the country, will lay off 125 employees in its home lending division in Iowa by the end of August. The bank will cut 11 jobs in July and 114 in August, according to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Iowa Workforce Development. The bank eliminated 72 mortgage jobs in Iowa across earlier layoffs.

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Mortgages Lending Banks Industrial 435

Housing Wire

JULY 6, 2022

The Federal Housing Finance Agency (FHFA) will increase its oversight of fourth parties – companies that contract with firms doing business with Fannie Mae and Freddie Mac. The FHFA is also considering beefing up its fourth-party oversight guidance for Fannie Mae and Freddie Mac. To that end, in 2022, it will monitor trends in fourth-party risk management, and evaluate Fannie Mae and Freddie Mac’s exposure to fourth parties, according to a report the FHFA Inspector General issued at the

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Due diligence Finance Development Industrial 418

The Mortgage Report

JULY 6, 2022

Is a recession coming? And what would it mean for the U.S. housing market? One real estate expert explains in this podcast.

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Marketing 124

Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. The annual home price growth index, measured by Black Knight, grew 19.3% in May from a revised 20.4% in April marking the largest single-month deceleration since 2006.

Mortgages 418

Mortgages Marketing As-is Sales 418

Eye on Housing

JULY 6, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending July 1, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate reaching 5.8% on average. The latest week’s rate decreased to 5.74%, declining for the second straight week but still above pandemic levels. The Market Composite Index, a measure of mortgage loan application volume, decreased by 5.4%.

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Fixed-rate mortgage Mortgages Loans Marketing 122

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

JULY 6, 2022

The federal banking regulators responsible for overseeing the Community Reinvestment Act (CRA) obligations of lenders they regulate have released the 2022 list of distressed or underserved rural census tracts where community-development loans, investments and services are eligible for special CRA consideration. Community-development efforts eligible for the special consideration include affordable-housing lending in these lower-income rural census tracts.

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Lending Banks Development Loans 397

GeekEstate

JULY 6, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the Geek Estate Mastermind. Today’s showcase: BoomTown]. It’s not easy to respond to every lead, leaving potential valuable relationships and commission dollars to slip through the cracks. An automated response lacks the personal touch many customers appreciate resulting in lost leads anyways.

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Agents Sales Marketing 119

Housing Wire

JULY 6, 2022

Fewer applications show borrowers’ demand for mortgage loans fell this week, despite a decline in rates due to concerns of an economic recession, according to the Mortgage Bankers Association (MBA). . The survey, which includes adjustments to account for the long Fourth of July weekend, shows mortgage applications down 5.4% for the week ending July 1, compared to a week earlier. .

Mortgages 397

Mortgages Fixed-rate mortgage Loans Residential 397

The Mortgage Report

JULY 6, 2022

As a homeowner, you can lower you monthly bills with a car and home insurance bundle. Learn how to maximize your insurance savings here.

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Housing Wire

JULY 6, 2022

Subsidiaries of Pennymac Financial Services Inc. (PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. The transactions include a note offering of $305 million sponsored by PFSI subsidiary PennyMac Mortgage Investment Trust that is “secured by certain participation certificates relating to Fannie Mae mortgage servicing rights [MSRs],” states a recent f

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Purchase and sale agreement Mortgages Finance Loans 397

The Mortgage Report

JULY 6, 2022

Today’s mortgage and refinance rates Average mortgage rates barely moved yesterday, breaking a three-business-day run of falls. That was a bit of a surprise because another drop had looked likely […].

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Mortgages 111

Housing Wire

JULY 6, 2022

Lender and servicer New Residential Investment Corp. laid off originations staffers last week, sources told HousingWire. The lender has made several rounds of cuts since February. Employees in processing, underwriting, and closing jobs were the main targets in the last week’s layoff round, according to multiple interviews with former employees. . The latest layoff affected employees in both junior and senior roles.

Residential 397

Residential Loans Mortgages Closing 397

HomeLight

JULY 6, 2022

Editor’s note: Information in this article is current as of June 22, 2022. Processes, rates, and services from real estate companies can change based on market conditions, housing trends, changes in technology, and customer needs. Whether you’re looking to buy or sell a home (or both), it seems like everyone is interested in all-cash offers these days.

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Purchase and sale agreement Agents Finance Inspection 110

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Toronto Realty Blog

JULY 6, 2022

TorontoRealtyBlog. One of the younger agents in our brokerage lamented the other day, “I can’t believe my rental client was just rejected for the third time!” I bit, and asked, “Bad credit?” She said his credit score was 828. That’s fantastic, for those who don’t know. I asked, “Poor income?” She said he made $122,000 per year and was looking to rent for $2,650/month.

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Marketing Pre-approval Agents As-is 109

The Close

JULY 6, 2022

A real estate referral fee is a portion of the commission paid to another real estate agent or broker in exchange for a client referral. A typical referral fee is 25% of the gross commission for a single side of a transaction. However, there’s no set standard for a referral fee rate, and, like every other aspect of real estate commissions, a referral fee is negotiable.

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Purchase and sale agreement Commercial Agents Closing 105

BubbleInfo

JULY 6, 2022

More review of the latest developments in Leucadia as I cruise by the next Toll Brothers community and take a look at what the planning commission just approved: The 3.79-acre project site, which is just south of the Alila Marea hotel on N. Coast Highway, is proposed to contain 94 apartments, of which 19 will […].

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Development As-is 102

Coldwell Banker

JULY 6, 2022

Fresh Coldwell Banker data from the Move Meter? reveals where Americans are dreaming of moving. The post Dreaming of Places Far, Far Away: New Coldwell Banker Data Shows High Rate of Out-of-State Searches appeared first on Coldwell Banker Blue Matter.

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Brownstoner

JULY 6, 2022

The early twentieth century fresh-air movement spurred an architectural trend of sleeping porches as an essential domestic amenity. Brooklynites embraced the fully windowed rooms, said to ensure healthy sleeping and prevent disease. In scientific journals and the latest home decorating and architecture magazines, writers explored the benefits of year-round fresh-air… Read More > The post A Breath of Fresh Air: A Short History of the Sleeping Porch appeared first on Brownstoner.

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Renovation 98

Marco Santarelli

JULY 6, 2022

Manhattan and New York City are synonymous for all intents and purposes. More than 1.6 million people live in Manhattan. In this article, our focus will be on the Manhattan real estate market trends in 2022. Manhattan is the most densely populated part of New York City’s five Burroughs, and it is the heart of the city. New York City itself is home to more than eight million people.

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Marketing Sales Renovation As-is 98

Brownstoner

JULY 6, 2022

Governor Kathy Hochul on Tuesday signed several bills into law designed to reduce greenhouse gas emissions and support the development of clean energy networks. The bills — which call for updates to existing building and appliance codes specifically to reduce greenhouse gas emissions, allow for utilities to pilot local geothermal energy… Read More > The post Increasing Geothermal Energy, Creating Cleaner Buildings at the Core of New State Laws appeared first on Brownstoner.

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Development Design 98

Agent Fire

JULY 6, 2022

Here are the leading real estate Youtubers in several categories: digital marketing, new agents and career building, coaching, home tours, and lead generation. The Best Real Estate YouTubers of 2022 is just one of many great real estate strategies on The Spark.

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Agents Marketing 92

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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

Sales

BubbleInfo

JULY 6, 2022

Paying over the list price must have some addictive qualities! Either that, or the superior homes are still attracting a lot of attention. Well into the higher-rate environment, more than half of the June buyers paid over the list price! Here is the breakdown by price range: The average and median sales prices have been […].

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Sales 90

Real Estate Investar

JULY 6, 2022

Price growth across the country has continued to slow down last month with the latest CoreLogic Home Value Index (HVI) showing that values dipped -0.6% in June.

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Realty Biz

JULY 6, 2022

The competition in the real estate market is stiff. Every real estate agent you come across has its own strategy for winning clients and getting sales. Meanwhile, you’re still trying to win clients and get sales with your own strategies. One way is to incorporate smart home technology into your listings. Whether it’s renovations or what you do after you’ve got a purchase offer, you’re always on the lookout for ways you can give your clients an edge.

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Technology Agents Commercial Industrial 88

McKissock

JULY 6, 2022

Real estate transactions are similar to putting together a jigsaw puzzle. Every transaction involves multiple parties, motives, challenges, and timelines. One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). The end goal is that at the end of the process all the pieces of the puzzle add up to a successfully closed deal.

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Inspection Agents Closing Loans 87

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