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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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.

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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.

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Land Mortgages As-is Marketing 522

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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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

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Lending Mortgages Loan Officer Branding 421

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.

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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.

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Inspection Investor Mortgages Branding 106

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

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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.

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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.

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Mortgages Fixed-rate mortgage Loans Residential 370

Advertiser: Trellis

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.

Loans

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.

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Closing Technology 105

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.

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Loans Lending Branding Equity 370

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 […].

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Mortgages Marketing 105

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.

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Sales

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.

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Brokerage Design 100

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.

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Branding Banks Development Design 98

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 94

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.

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Agents Mortgages Marketing 93

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.

Agents

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 Industrial As-is 98

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

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 Closing costs 86

Brownstoner

AUGUST 10, 2022

It’s official: Lincoln Place between New York and Nostrand Avenues in Crown Heights is the Greenest Block in Brooklyn. The winner of the annual competition, hosted by Brooklyn Botanic Garden, was announced by BBG President Adrian Benepe in a press conference this morning. It is the second time in a… Read More > The post Crown Heights Block on Lincoln Place Takes Top Prize in Greenest Block in Brooklyn Contest appeared first on Brownstoner.

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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.

Agents

Realty Biz

AUGUST 10, 2022

Do you know who Josh Hall is? If you don’t you soon will do. Josh Hall is about to become the newest face of real estate. After years of working with clients in his native Texas, he’s headed to HGTV this spring for his own show: The Property Brothers — Buying & Selling. But just how did Hall get there? We’ll take a look at how his career and Josh Hall’s family helped him achieve success as a real estate agent and home seller before he makes a name for himself as an en

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As-is Agents Construction Investor 82

Real Trends

AUGUST 10, 2022

With the mad scramble to get offers in on properties that are likely to be sold in hours all but over, listings are sitting on the market longer and agents are boosting their marketing and prospecting. I covered ten things agents should do today in the first half of this article. Here is the second half with 10 more activities agents should do to market proof their businesses.

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Sales MLS Branding Agents 79

Realty Biz

AUGUST 10, 2022

Fannie Mae said in a monthly survey released this week that consumer’s confidence in the housing market is now at its lowest level since 2011, with both buyers and sellers increasingly pessimistic. According to the survey, just 17% of respondents believe now is a good time to buy a home, down from 20% one month prior. However, the more telling statistic is that just 67% of sellers believe now is a good time to sell, down from 76% in June.

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Fixed-rate mortgage Mortgages Sales As-is 80

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

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Agents

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 73

Brownstoner

AUGUST 10, 2022

Lidl, a budget-friendly grocery store, is scheduled to arrive in Park Slope in 2024 — as the center of a mixed-use development in place of the former Key Food on Fifth Avenue. The German grocer signed a lease with developers William Macklowe Company and Senlac Ridge Partners for its first… Read More > The post Development at Former Park Slope Key Food Site to Include Affordable Grocery Chain Lidl appeared first on Brownstoner.

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Development As-is 74

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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Purchase and sale agreement Closing costs Closing Inspection 73

Brownstoner

AUGUST 10, 2022

In the News 3 Days. 68 Kids. Snapshots of Summer on Coney Island [NYT] Criminal Background Checks May Be Banned in City Housing Applications [NYT] ‘Burg Entrepreneur Gets Paid To Step In As Your Bridesmaid [NYP] Flatbush Avenue Bus Lane Proposal Gains Support of Key Electeds [BP] Brooklyn Agency Accused of Illegally Denying Housing Vouchers… Read More > The post Daily Links: Landlord Illegally Destabilized Apartments in Brooklyn for Profit, AG Finds appeared first on Brownstoner.

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Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.

Sales