Wed.Apr 27, 2022

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Flagstar Bancorp cuts 20% of its mortgage staff

Housing Wire

Michigan-based Flagstar Bancorp , Inc. , parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Overall, the bank’s net income in the first quarter of 2022 dropped 60.4% from the prior quarter, to $53 million.

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The Dream of Homeownership Is Worth the Effort

Keeping Current Matters

If you’re in the market to buy a home this season, stick with it.

Marketing 218
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What a dip in mortgage demand says about the housing market

Housing Wire

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. Mortgage rates are now firmly above the 5% mark , at the highest level since 2009, depressing both purchase and refinance applications.

Mortgages 381
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Proptech Job Opportunity: CTO for Condos.com

GeekEstate

We have a job opportunity to share from a member of the GEM, Condos.com, a new and pre-construction marketplace: CTO. The opportunity: Job Description – How Will You Make an Impact? Work with our CEO and leadership team to set the technical direction, strategy and execute our roadmap. Drive technical decisions to use modern technology to deliver the product to our customers quickly and efficiently.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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FHFA unveils GSE duty to serve plans

Housing Wire

The Federal Housing Finance Agency today released Fannie Mae and Freddie Mac ’s long-awaited duty to serve underserved markets plans. In the plans, both government-sponsored enterprises explain how they will provide financing for manufactured and rural housing, and support affordable housing preservation. Although the lesser of the two government-sponsored enterprises by size, Freddie Mac was alone in committing to purchasing manufactured homes not titled as real property, or chattel loans, a ke

Title 381

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AIME CEO Katie Sweeney on the importance of agility in the current market

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Women of Influence award are now open through Friday, April 29, 2022. Click here to nominate someone you know — it can even be you! In the midst of the current market volatility, many lenders are looking for ways to grow their broker channels in an effort to initiate and build relationships with borrowers.

Marketing 370
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Home Buyers Not Deterred

BubbleInfo

When people are looking for the perfect ‘forever’ home that will last them for a lifetime, any additional cost isn’t going to phase them – or at least it won’t affect the affluent folks. Most are making it up elsewhere when they sell their previous home or rental properties, inherit big money or receive a […].

Marketing 105
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Better.com, the rare lender to post huge losses in 2021

Housing Wire

Better.com CEO Vishal Garg. Struggling to cope with the rising mortgage rate landscape, mortgage lender Better.com reported a loss of $303.8 million in 2021, a stark contrast to its profitable nonbank peers. According to an amended S-4 filed by its special purpose acquisition company Aurora Acquisition Corp. with the Securities and Exchange Commission (SEC) on Monday, the earnings deterioration resulted from increasing interest rates, higher costs to support purchase loans, and investments to ex

Loans 381
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Prospect Park South Standalone With Garage, Tesla Charging Station Asks $2.8 Million

Brownstoner

With its eye-catching stepped side gables and broad front porch, this Prospect Park South standalone has some allure even before one gets to the detail-filled interior. For car owners, there is also the added attraction of a two-car garage with a Tesla charging station. In the Prospect Park South Historic District,… Read More > The post Prospect Park South Standalone With Garage, Tesla Charging Station Asks $2.8 Million appeared first on Brownstoner.

Marketing 105
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Overcoming the challenges still facing digital closings

Housing Wire

Out of sheer necessity when the pandemic hit, RON and other digital closing solutions saw a massive uptick in use. However, Nathan Bossers, president of Boston National Title, said the changes and acceleration the industry saw during this time still isn’t enough. . “Two years ago when the lockdown first started happening and there was real fear in the marketplace that lenders weren’t going to be able to sign a loan, I think everyone rushed to the RON and as a potential solution and began to educ

Closing 370
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Who Keeps The Earnest Money When a Sale Falls Through

Maximum Exposure Real Estate

Understanding An Earnest Money Refund When you are purchasing real estate, there are quite a few things you need to know. One of those things is whether or not your money is refundable. Many buyers and sellers will ask their respective real estate agents whether the earnest money deposit is refundable. Whether earnest money is […]. The post Who Keeps The Earnest Money When a Sale Falls Through appeared first on Maximum Real Estate Exposure.

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First Community Mortgage names new regional sales manager

Housing Wire

First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. Murfreesboro, Tennessee-based firm tapped Jeff Raich for the position, FCM said Wednesday in a release. Raich has been in the mortgage lending business for more than 25 years and focused on Third-Party Originator after earning a bachelor’s degree in finance from Southern Illinois University, Carbondale, according to the firm.

Sales 370
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Get Some Design Inspiration for Your Interiors During NYCxDesign in May

Brownstoner

Spring is a time to clean and refresh, and with design month approaching in May, it is also a time to grab some inspiration before tackling some interior projects. This year NYCxDESIGN, a nonprofit that promotes the city's creative community, is celebrating its 10th anniversary, and exhibitions, panels, open studios… Read More > The post Get Some Design Inspiration for Your Interiors During NYCxDesign in May appeared first on Brownstoner.

Design 105
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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FinLocker releases updated web experience for consumers

Housing Wire

Amid a challenging time for would-be homebuyers, FinLocker released an updated web experience that aims to make it easier for consumers to see their progress in qualifying for a mortgage loan. The main feature of the firm’s web v3.0 includes the redesign of the dashboard to make frequently used financial tools easier to access for all consumers. “For those focused on buying a home, we organized the mortgage preparation tools to simplify the process of monitoring their progress towards mortgage r

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Best Real Estate Books For Buying, Selling and Investing in 2022

HomeLight

Whether you’re interested in buying, selling, or investing in real estate, these books can help you dive deeply into the world of real estate. We’ve found some of the best real estate books for 2022 to help you learn the ins and outs of how it all works. Best real estate books for selling. Selling your home is not a walk in the park. There are a lot of factors that come into play whether you’re trying to sell your home with a real estate agent or sell your home yourself.

Investor 104
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Power Broker Perspectives: How to ‘Bring Joy’ to Agents

RIS Media

VITALS: . BHGRE Winans. Years in business: 38. Size: 200 agents, 8 offices. Regions Served: Dallas/Fort Worth Metroplex and Texoma area of North Texas and Southern Oklahoma. 2021 Sales Volume: $682,222,875. 2021 Transactions: 1,818. Mark McDonough was working in marketing and advertising at a large, privately held agency in Dallas when he decided to search for a career where he could have more impact on the overall success of the business.

Agents 98
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Court revives challenge to pocket listings ban

Real Trends

The fight to undo the National Association of Realtors’ pocket listings ban is back after a federal appeals court’s forceful ruling Tuesday. A three-judge U.S. 9 th Circuit Court of Appeals panel reversed a lower court judge’s dismissal of an antitrust lawsuit PLS.com – an erstwhile acronym for pocket listings service – filed against the NAR policy, officially titled Clear Cooperation.

MLS 98
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Berkshire Hathaway HomeServices Expands in New England

RIS Media

Berkshire Hathaway HomeServices has announced its further expansion in Massachusetts with the addition of East Longmeadow, Massachusetts-based Berkshire Hathaway HomeServices Realty Professionals. This addition marks the brand’s continued growth in the region with its 48th franchisee led by Robert Molta, the firm’s president, who has been an industry leader in the market for over 30 years, a company release stated.

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Retired Realtor Linda Murphy to hike 900-km Bruce Trail for shelters

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Retired Realtor Linda Murphy to hike 900-km Bruce Trail for shelters. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Linda Murphy, also known as “The Healthy Hiker”, plans to conquer the entire 900-km Bruce Trail in support of the Royal LePage Shelter Foundation.

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U.S. District Court Deals a Blow to NAR and Major Franchisors in MLS Policy Suit

RIS Media

A legal conflict with potentially disastrous implications for the real estate industry has come to a head, pushing leaders across the industry to take swift action. The National Association of REALTORS® (NAR) and several national brands named in a lawsuit over an NAR policy announced that they are fighting a recent court decision designating the case as a class-action lawsuit. “We are disappointed in the decision and plan to appeal,” said NAR spokesperson Mantill Williams in a statem

MLS 98
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FHA-Share of New Home Sales at 15-Year Low

Eye on Housing

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that conventional loans accounted for 78.5% of new home sales in the first quarter of 2022, the highest share in more than a decade. Conventional loans financed over three-quarters of new home sales in the second quarter of 2008 before steadily falling and bottoming out at 57.3%.

Sales 106
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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How To Write A Great Real Estate Bio – Plus 4 Winning Examples

Easy Agent Pro

A recent NAR study found that 52% of buyers purchased their last home online. As virtual tours and remote closing continue to gain popularity, realtors like you are no longer able to connect with buyers via in-person “face time.” That’s where you real estate bio comes in. These days, your online real estate bio plays a big role in landing new clients.

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Tell Your Story and Build Your Business With Video Marketing

RIS Media

A recent study found that there are 4.62 billion active social media users in the world, making digital marketing essential to your success. The real estate industry, like many others, thrives off connections and relationships, and in an increasingly digital world, agents need to find new ways to establish themselves and their businesses. And that’s where social media marketing steps in.

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Does a Shed Increase Home Value? Top Home Appraisers Weigh In

HomeLight

Sheds can be incredibly useful, whether you’re using it for additional storage or as outdoor space for an office , a hobby, or just relaxation. With all these uses, does a shed increase home value when it comes time to sell ? Especially as more people work from home, agents say buyers are looking for office space and outdoor space , which the right shed can provide.

Staging 109
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Regent Park: The Final Phase!

Toronto Realty Blog

TorontoRealtyBlog. Why so quiet? Seriously, only a sprinkle of comments on Monday’s blog post? I received a couple of emails from readers who both said, “Early candidate for ‘post of the year,'” and while I think it’s very early to start thinking about December, I would certainly agree that “blind bidding” as a topic will make at least one year-end appearance.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.