Housing Wire

JANUARY 10, 2024

It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area. To Brobeck, the fact that so many agents rely on residential sales for occasional, marginal or supplemental income is a problem.

Agents 413

Agents Sales Residential Commercial 413

Housing Wire

NOVEMBER 2, 2021

Powerhouse lender/servicer New Residential Investment Corp. But the deal is already paying off, helping push the real estate investment trust’s total gain on sale margin to 1.61% in the third quarter, up from 1.31% in the second quarter. had an impressive third quarter, with reported earnings of $177.5 Become a member today.

Residential 317

Residential Loans Mortgages Sales 317

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. In his role as national sales director at Movement, Yeager will focus on the company’s growing sales team. and is licensed in 50 states.

Sales 318

Sales Loan Officer Lending Residential 318

Housing Wire

MAY 21, 2024

Shuler has also served in CIO leadership roles at GMAC Mortgage/GMAC ResCap , National City Mortgage and Homeward Residential. In March , Planet hired Matt Kingsborough as regional sales manager to drive the company’s expansion plans in the western U.S.

Lending 326

Lending Technology Residential Commercial 326

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Sales 414

Sales Construction Residential Finance 414

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Sales 450

Sales New Construction Staging Mortgages 450

Housing Wire

AUGUST 3, 2022

South Carolina-based Movement Mortgage has hired two executives away from rival Fairway Independent Mortgage to boost the growth and development of its distributed retail sales team. The nonbank lender named the 34-year veteran Sarah Middleton to the new position of chief growth officer to attract, onboard and develop sales leaders.

Sales 382

Sales Development Mortgages Residential 382

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. The big thing is the carrying cost that a lot of [smaller] investors don’t realize. “If

Finance 352

Finance Marketing Lending Investor 352

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. In June, the sales pace of new homes fell 2.5% In June, the sales pace of new homes fell 2.5% At the current sales pace this inventory represents 7.4

Sales 336

Sales New Construction Marketing Construction 336

Housing Wire

APRIL 26, 2023

The GTOs require title companies to identify the people behind shell companies used in all-cash purchases of residential real estate. According to the National Association of Realtors (NAR) 2022 Profile of Homebuyers and Sellers report, just 22% of homebuyers financed their home purchase between July 2021 and June of 2022.

Sales 290

Sales Title Finance Residential 290

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. The same story holds true for personal finance.

Equity 360

Equity Investor Residential Finance 360

Housing Wire

JANUARY 22, 2024

As part of the deal , NAF would acquire the residential mortgage arm of Draper & Kramer , a property and financial services group established in 1893 by Arthur W. A lengthy call between NAF executives and DKMC sales staff took place on Thursday. Draper and Adolph F. They did not provide details on bonuses or other compensation.

Mortgages 328

Mortgages Loan Officer Residential Loans 328

Housing Wire

JULY 25, 2023

New home sales among the “50 Top-Selling Master-Planned Communities” increased by 7% in the first half of 2023 compared to the same period in 2022, according to a study by RCLCO Real Estate Consulting. It was the same exact number of sales as recorded at this time in 2022. All of its communities were in Texas.

Sales 288

Sales Development Land Construction 288

Housing Wire

MAY 17, 2024

In July 2023, HousingWire reported that the company acquired Truland Homes , the largest private homebuilder along the Gulf Coast, adding approximately 263 lots, 155 homes in inventory and 55 homes in the sales order backlog. Through its subsidiaries, the company offers mortgage financing, title services and insurance agency services.

Title 336

Title Development Residential Finance 336

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. Market conditions have certainly trended downward for residential or commercial real estate. buyers and sellers) in a residential deal. And why not?

Commercial 370

Commercial Brokerage Due diligence Title 370

Housing Wire

DECEMBER 5, 2023

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases.

Equity 364

Equity Investor Technology Residential 364

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. The proposed rule would implement a Congressional mandate establishing consumer protections for the residential PACE loans.

Loans 303

Loans Lending Finance Renovation 303

Housing Wire

FEBRUARY 13, 2024

Academy’s sales workforce and management will receive job offers and work as a division of Guild. Academy was not on Inside Mortgage Finance ’s list of the 100 owned mortgage servicing firms as of the third quarter in 2023 (No. 100, Primary Residential Mortgage in Utah, had $9.47 billion in MSRs).

Mortgages 423

Mortgages Loan Officer Loans Finance 423

Housing Wire

DECEMBER 29, 2023

Most housing market forecasters believe that the existing home-sales market will likely only improve slightly next year. At around 30% now, the homebuilding industry is likely near the peak level of new-home sales as a share of the entire housing market, according to industry experts who spoke with HousingWire in August. million and 7.3

Construction 432

Construction New Construction Lending Sales 432

Housing Wire

NOVEMBER 2, 2023

Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. I broker business-purpose loans completely in a manner which is fully compliant with all laws and regulations and anything said to the contrary is incorrect,” Strauss told Inside Mortgage Finance (IMF) in early September.

Loan Officer 406

Loan Officer Bankruptcy Loans Residential 406

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. In 2023, the landscape for home flipping across the U.S.

Investor 433

Investor Marketing Construction Loans 433

Housing Wire

APRIL 30, 2024

While we have many projects on our plate, the response from our sales team has been overwhelmingly positive, which is incredibly rewarding. HousingWire: The Money Store prides itself on providing easy, efficient, and affordable home financing. We’re excited about the progress we’ve made and the opportunities ahead.

Loan Officer 412

Loan Officer Technology Loans Finance 412

RIS Media

JANUARY 24, 2021

The Real Estate Board of New York (REBNY) recently reported that year-to-date investment and residential sales totaled $47.1 billion in tax revenue in 2020 due to these significant declines in real estate market activity, according to REBNY’s Monthly Investment and Residential Sales Reports.

Residential 78

Residential Sales Industrial Finance 78

Housing Wire

OCTOBER 5, 2023

Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Pagaya, founded in 2016, provides comprehensive consumer credit and residential real estate solutions for its partners, their customers and investors, according to the firm’s website.

Technology 364

Technology Loans Lending Residential 364

Housing Wire

OCTOBER 31, 2022

“She has a proven track record of leading sales-centric technology teams and delivering with speed to market,” he added. Through the first nine months of 2022, Movement funded just under $20 billion in residential mortgages, according to data from Inside Mortgage Finance. Presented by: Polly.

Loan Officer 348

Loan Officer Mortgages Loans Technology 348

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said. While single-family housing starts rose 1.1% trillion in 2024.

Banks 342

Banks Fixed-rate mortgage Lending Construction 342

Housing Wire

APRIL 17, 2024

That includes the nation’s top homebuilders ( DR Horton and Lennar ), mortgage originators ( United Wholesale Mortgage and Rocket Mortgage ), brokerages ( Anywhere and Compass ) and residential search portals ( Zillow and CoStar , which owns Homes.com ). There are other dynamics at play for some of these companies, however.

Mortgages 454

Mortgages Fixed-rate mortgage Banks Residential 454

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 355

Equity Technology Investor Lending 355

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 376

Mortgages Loans Residential Lending 376

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. Loans in Pools 1 thru 3 are being serviced by New Residential Mortgage LLC , NewRez LLC and Fannie Mae — and subserviced by NewRez LLC, Fannie’s fact sheet on the deal states. billion.

Loans 377

Loans Purchase and sale agreement Principal Due diligence 377

Housing Wire

SEPTEMBER 6, 2022

Citi was the 19th-largest residential mortgage lender in America by origination volume in the first half of the year, according to a data analysis by Inside Mortgage Finance. The bank funded $16 billion in residential mortgages from January to June, a decrease of 5.9% compared to the same period in 2021.

Mortgages 379

Mortgages Banks Lending Residential 379

Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Rocket launched a similar product in September.

Seller concession 352

Seller concession Mortgages Loans Finance 352

Housing Wire

JULY 28, 2023

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. NAF offers numerous home financing options including conventional, jumbo , non-QM, as well as others. 18 brokerage in the country in the RealTrends 500 after reporting a total sales volume of $10.997 billion in 2022.

Brokerage 332

Brokerage Finance Lending Mortgages 332

Housing Wire

SEPTEMBER 8, 2023

The second quarter saw single-family home prices stabilize, influenced by strong demand, higher residential mortgage rates, and limited homes for sale,” DeVito said in a statement. DeVito highlighted the mortgage market challenges in his comments on the enterprise’s performance in Q2 2023. ”

Lending 300

Lending Finance Equity Mortgages 300

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents. The agency also pointed to U.S.

Agents 427

Agents Title Residential Finance 427

Housing Wire

MAY 10, 2024

CoStar Group first announced that its Residential Network had exceeded 156 million monthly unique visitors and that the Homes.com site had surpassed 110 million monthly unique visitors, based on data from Google Analytics , in its Q1 2024 investor presentation. Earlier this year CoStar launched the monetization of Homes.com memberships.

Residential 270

Residential MLS Investor Commercial 270

Housing Wire

JULY 11, 2022

The executive will report to Liz Bryant, head of retail mortgage sales. She joined Citi in August 2021, where she’s made use of her expertise in sales and fulfillment and her experience in operations and risks and controls. billion in residential mortgages during the period, a decrease of 2.5% The bank funded $6.7

Lending 328

Lending Marketing Banks Residential 328