Housing Wire

AUGUST 10, 2022

Angel Oak Capital Advisors , the investment management arm of non-QM lender Angel Oak Cos., has agreed to pay $1.75 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. Also charged in the case, according to the SEC, was Ashish Negandhi, the portfolio manager for Angel Oak Capital Advisors.

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Investor Renovation Loans Principal 397

Keeping Current Matters

AUGUST 10, 2022

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge.

Marketing 252

Marketing Sales 252

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data.

Land 526

Land Mortgages As-is Marketing 526

Eye on Housing

AUGUST 10, 2022

Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month. The food index recorded its largest annual gain since May 1979 as all six major grocery store food group indexes increased. Nonetheless, it is.

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As-is 138

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Housing Wire

AUGUST 10, 2022

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. and most recently, Caliber Home Loans , will lead Lone Peak as president, Panor

Lending 448

Lending Mortgages Loan Officer Branding 448

GeekEstate

AUGUST 10, 2022

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: SmartRent]. The idea of a Smart Home has been an awe-inspiring staple in portrayals of the future. Although we don’t have completely autonomous homes that can make a strawberry smoothie with a voice command as depicted in the movie Smart House , the technology is getting smarter and more accessible to homeowners every year.

Property Management 124

Property Management Technology As-is 124

The Close

AUGUST 10, 2022

If you find yourself relating more to Jonathan Swift than Taylor Swift, or to Robert Kardashian than his daughter Khloe, then the world of real estate hashtags can be intimidating. #whydopeoplekeepusingthesepoundsigns? Luckily, it doesn’t have to be. In fact, we’re going to walk you through everything you need to know (in plain English) about those weird “number signs” and lay out a real estate hashtag strategy that will help you 10x your followers on Instagram, Twitter, and beyond.

Branding 116

Branding Brokerage As-is Agents 116

Housing Wire

AUGUST 10, 2022

Despite recording yet another quarter with a net loss, Doma executives remain steadfastly committed to reaching profitability by the end of 2023. During the second quarter of 2022 , the title underwriter earned $124 million in revenue, down from the $130 million recorded a year ago, but up 10% from the previous quarter. The firm’s GAAP net loss for the quarter was $58.65 million up from $23.3 million a year ago, and the all-important Adjusted EBITDA metric came in at a loss of $43.39 million, up

Title 397

Title Closing Investor Technology 397

Eye on Housing

AUGUST 10, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending August 5th, total mortgage activity increased slightly and the average 30-year fixed-rate mortgage (FRM) rate rose four basis points to 5.47%. The FRM rate has declined 35 bps over the past month but remains roughly 2.5 percentage points higher than it was a year ago.

Fixed-rate mortgage 114

Fixed-rate mortgage Mortgages Marketing Finance 114

Housing Wire

AUGUST 10, 2022

After rising to its highest level in 40 years in June , inflation dropped slightly in July. Thanks to a decrease in the gasoline index the Consumer Price Index (CPI) remained unchanged from the month prior, after hitting a 1.3% seasonally adjusted rate in June, according to data released Wednesday by the Bureau of Labor Statistics. Year over year, the CPI for all items rose 8.5% in July, down from the 9.1% yearly increase reported a month ago.

Mortgages 397

Mortgages Sales Marketing 397

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

HomeLight

AUGUST 10, 2022

Some people think that email newsletters are a thing of the past. That is the farthest from the truth. In fact, they can be a valuable tool for generating business – if you know how to do it properly. Matt McGee, Managing Editor of Agent Resources at HomeLight, has been in the digital marketing industry for 25 years, and his expertise has come in handy for his real estate agent wife, Cari.

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Title Staging Design Agents 111

Housing Wire

AUGUST 10, 2022

Mortgage demand remained relatively flat last week amid volatility in mortgage rates in recent weeks. The market composite index , a measure of mortgage loan application volume, rose a marginal 0.2% for the week ending August 5, according to the Mortgage Bankers Association (MBA). The market index is down 62% compared to the same week in 2021. The refinance index rose 4% from the previous week while the purchase index fell 1% in the same period.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

App Folio

AUGUST 10, 2022

It has been said that marketing and leasing are the lifeblood of property management. After all, effective marketing is what.

Technology 110

Technology Marketing Property Management 110

Housing Wire

AUGUST 10, 2022

California Democratic Congresswoman Maxine Waters wants Consumer Financial Protection Bureau Director Rohit Chopra to put a “moratorium” on Equifax , after it reported faulty credit scores of millions of consumers. Waters, who chairs the House Financial Services Committee, asked Chopra to stop the credit bureau from sending scores to financial institutions until it can demonstrate it has “the necessary systems and controls to ensure each credit score they provide on millions of consumers is veri

Loans 370

Loans Closing As-is Mortgages 370

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HomeLight

AUGUST 10, 2022

There have never been as many options to sell a home as there are today. In any major city, advertisements for instant cash offers abound on billboards, as you scroll through social media, and even stapled to telephone poles on street corners. According to the National Association of Realtors®, Cash sales rose from 16% in 2020 to 23% in 2021 with an accompanying increase of instant buyers hitting the market.

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Investor Agents Sales Closing 110

Housing Wire

AUGUST 10, 2022

Mortgage lender Celebrity Home Loans shut down its correspondent channel and laid off employees on Tuesday. Amid a market downturn, the company has decided to focus on the retail lending business. “As one of the few retail lenders that saw production grow from Q1 to Q2, we’ve decided to keep our focus on our greatest strength: retail lending,” David Robnett, chairman and CEO, wrote in a statement.

Loans 370

Loans Lending Branding Equity 370

Real Trends

AUGUST 10, 2022

Last week, former rivals Opendoor and Zillow announced a partnership to provide Opendoor’s instant cash offers to Zillow’s audience. Why it matters : This is a big move for both companies. It reaffirms the continued relevancy of iBuying, gets Zillow back into the seller lead game, and gets Opendoor access to its largest customer acquisition channel yet.

Industrial 109

Industrial Loans Agents Sales 109

Housing Wire

AUGUST 10, 2022

Two industry titans, Tom Ferry, CEO of Tom Ferry International , and Gino Blefari, CEO of HomeServices of America , will join attendees for a fireside chat at the exclusive Vanguard Forum during HW Annual Oct. 4. . These two powerhouse leaders have been renowned in the industry for many years, and we’re excited for them to share their wisdom, successes, advice and stories with other executives both new and experienced.

Staging 370

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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.

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The American Genius for Real Estate

AUGUST 10, 2022

The tech world is paying close attention to the strongest material around, and its path to production looks a lot like plastics (which were once innovative and cutting edge) - let's discuss! The post Graphene is mind-blowing – have you heard of it yet? appeared first on The American Genius Real Estate.

Closing 105

Closing Technology 105

HomeLight

AUGUST 10, 2022

DISCLAIMER: This blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of tax deductions when selling a home, HomeLight always encourages you to consult your tax advisor. Before most homeowners seriously think of putting their home on the market, they usually do some quick calculations to get a ballpark figure of their potential profit.

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Principal Title Sales Title search 105

Toronto Realty Blog

AUGUST 10, 2022

TorontoRealtyBlog. If I asked you right now, “Name three songs that feature whistling,” which are the first three that would come to mind? I’m not gonna lie; I was thinking about today’s blog topic when I woke up this morning. I believe I came up with the title while I was brushing my teeth. And I think I was mulling over this “whistling” theme somewhere in between the bar of Dove and the bottle of Pert Plus … The first song that came to mind, for m

Inspection 104

Inspection Agents MLS Sales 104

Sotheby's International Real Estate

AUGUST 10, 2022

Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ?. New York, New York | Joshua Judge, Stan Ponte, & Philip McCarthy, Sotheby’s International Realty – East Side Manhattan Brokerage. The Pinnacle Penthouse shall be delivered in designer ready white-box condition. The Pinnacle reaches 727-feet high and offers approximately 9,680 square-feet of interior space along with a private 408-square-foot observatory terrace.

Brokerage 100

Brokerage Design 100

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Real Trends

AUGUST 10, 2022

“Buy before you sell” firm Homeward has laid off roughly 20% of its workforce, according to a letter from CEO Tim Heyl to employees sent on Wednesday. Despite recording what Heyl calls the firm’s “strongest month ever” in May and solid second quarter results, Heyl said the market shift was more sudden than anticipated, forcing the firm to make cuts.

Agents 99

Agents Mortgages Marketing 99

1000Watt

AUGUST 10, 2022

Bigger I don’t care so much about. Better is everything. . Sometimes those things go together, sometimes they don’t. But if you’re not getting better at your thing, what the hell are you doing? At 1000watt , we are better at what we do than we were last year. We are far better at what we do than we were five years ago. I love that. . Great people make that happen. 1000watt is not just the Brian and Marc show.

Branding 98

Branding Banks Development Design 98

Marco Santarelli

AUGUST 10, 2022

The Florida housing market had more new listings, higher median home prices, and signs of easing supply constraints in June and the second quarter of 2022 compared to June and the second quarter of 2021, according to the latest housing data from Florida Realtors®. However, higher mortgage rates and inflation continue to impact sales. Last month, closed sales of single-family homes statewide totaled 28,296 units, down 17.2% from June 2021, while existing condo-townhouse sales totaled 11,796 units

Marketing 98

Marketing Sales Days on market As-is 98

Realty Biz

AUGUST 10, 2022

Becoming a landlord is one of the easiest ways to invest in real estate. If you have a little extra money, property prices in your area are low, and rent rates are profitable, now may be an exciting time to invest in real estate as a hedge against inflation and to generate additional monthly income. Not all investments are created equal. Investors in stocks on Wall Street have hit tough times in 2022.

Inspection 98

Inspection Investor Mortgages Branding 98

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Marco Santarelli

AUGUST 10, 2022

The South Carolina housing market remains strong in 2022, thanks to a combination of high demand, limited supply, and continuously rising house prices. In June 2022, the typical home in the state of South Carolina was valued at $291,591. That’s a 26.7% increase year-over-year (YoY), and Zillow predicts the market will continue to rise over the next twelve months.

Marketing 98

Marketing Sales As-is Industrial 98

HomeLight

AUGUST 10, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

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Closing costs Purchase and sale agreement Closing Staging 97

BubbleInfo

AUGUST 10, 2022

If the reason the housing frenzy stalled was due to higher mortgage rates – and then mortgage rates come down – shouldn’t it ease the concerns? Unfortunately, the national doom-and-gloom is heavy and persuasive, and reliance on ivory-tower guesses can become a self-fulfilling prophecy. Shiller once again thinks the U.S. housing market is headed for […].

Mortgages 95

Mortgages Marketing 95

HomeLight

AUGUST 10, 2022

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Inspection 97

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