Housing Wire

APRIL 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans. of transactions.

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Loans Title Commercial Closing 445

Housing Wire

MARCH 15, 2023

Seelig will focus on assisting the organization in their mission of providing financing to the residential mortgage market, Almodovar added. residential real estate mortgages. Fannie Mae currently backs nearly $4.1 trillion in U.S.

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Title Residential Finance Mortgages 385

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The deal will offload an FoA subsidiary division that offers residential real estate investment loans.

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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.

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Agents Title Residential Finance 439

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S.

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Finance Principal Residential Development 375

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

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Loan Officer Loans Banks Title 358

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.

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Sales Title Finance Residential 307

Housing Wire

APRIL 27, 2023

“The sharp decline in affordability driven by mortgage rates above 6%, along with low inventory and elevated home prices , adversely impacted the housing market, and as a result, our residential purchase business,” Ken DeGiorgio, the CEO of First American , told investors Thursday morning. million net income, down from $97.9

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Title Marketing Commercial Investor 342

Housing Wire

AUGUST 11, 2023

The rule, which department officials first said they planned to implement in 2021, would require real estate professionals, such as title insurers, to report the identities of beneficial owners buying real estate in cash to FinCEN. real estate. As of mid-August 2023, 34 cities and counties throughout the U.S.,

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Title Land Residential Industrial 340

Housing Wire

MAY 22, 2024

This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP. But if states take proactive measures to reform policies and disclosures around tax foreclosures, this could go a long way to prevent unnecessary home displacements.

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Staging Equity Title Land 355

Housing Wire

JUNE 20, 2023

In the first quarter of 2023, the company originated $4 billion in mortgages, according to the Inside Mortgage Finance (IMF) estimates. The volume was 64% lower than in the same period of last year but was enough to rank the company the 15th largest residential mortgage lender in the country. higher than in the same period of 2022.

Mortgages 343

Mortgages Lending Title Residential 343

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept. Is this something you are thinking about?

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Title Mortgages Commercial Technology 348

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. Finance of America shares traded at $1.46

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Mortgages Finance Loan Officer Commercial 360

Keller Williams

AUGUST 17, 2022

Now is still a great time to get home financing.”. To help real estate professionals connect their clients to the financing they need, Keller Mortgage has an army of knowledgeable professionals excited to assist in all kinds of transactions. “As Keller Mortgage LLC is an affiliated business of Keller Williams Realty International.

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Finance Pre-approval Loan Officer Mortgages 90

Housing Wire

OCTOBER 4, 2022

Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Housing Finance Strategies. Finance of America Mortgage. Finance of America Reverse. Congratulations to the 2022 HousingWire Vanguards who continue to improve and shape the housing landscape. Company Name. Aaron King.

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Lending Technology Finance Mortgages 402

Housing Wire

JULY 1, 2021

Nationwide Title Clearing. Finance of America Mortgage. Paramount Residential Mortgage Group. This foundational first class of 2021 Marketing Leaders includes the most creative and influential marketing minds of the housing industry. Company Name. Andy Capener. SVP, Marketing. Beth Keckley. Owner & Lead Consultant.

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Marketing Title Branding Lending 370

Realty Biz

DECEMBER 21, 2022

One place to look is at new home construction rules from the California Energy Commission Building Energy Efficiency Standards, Title 24 that requires new homes to have solar panels today and as of January 1, new homes will be required to have the infrastructure for battery storage to be added in the future. Please leave your comment.

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Finance Title Construction Industrial 92

Housing Wire

APRIL 13, 2022

Rocket, the top lender in the country with $351 billion originated in 2021, according to Inside Mortgage Finance, has perhaps invested more than any other lender in America on mortgage tech over the last decade. year-over-year, according to data from Inside Mortgage Finance. . Bank Home Mortgage.

Mortgages 389

Mortgages Banks Technology Finance 389

Housing Wire

JULY 25, 2023

Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We Although this figure is a big improvement on the first quarter, it still marks a 78% decline compared to a year ago.

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Purchase and sale agreement Title Brokerage Branding 295

Housing Wire

JUNE 29, 2022

Established in 2018, Knox aims to help manage residential rentals with its algorithm-based platform. When a property is enrolled in the platform, Knox automates and oversees the property’s finances and taxes, insurance, leasing, banking and bill pay, according to the company’s website. Presented by: ServiceLink.

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Loans Equity Lending Mortgages 340

Housing Wire

JULY 12, 2022

The company, through its fintech platform, offers homeowners the opportunity to tap their home equity without taking out a loan — via Unison’s shared home-equity product called a residential equity agreement (REA). Prioritizing home equity solutions in a rising rate environment.

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Equity Residential Loans Title 329

Housing Wire

OCTOBER 5, 2020

energy consumption used in the residential and commercial sector, the housing industry is front and center in creating solutions to this problem. Rose, president of Jonathan Rose Companies and Arthur Johnson, vice president of securitization policy at Fannie Mae, on a panel titled: Will 2021 Be the Year Green Housing Takes Off?

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Commercial Finance Residential Title 196

Housing Wire

JANUARY 26, 2022

Venture capital firm Menlo Ventures led the latest Series B funding round, which also includes investments from title insurance company First American Financial , FinVC as well as participation from existing investors 8VC , Khosla Ventures and Fifth Wall. Building the next generation of tech: Three ways to digitize home lending.

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Industrial Mortgages Lending Investor 334

HomeLight

JANUARY 17, 2024

This action is more formally known as rescinding or voiding a residential home purchase agreement. You lost your job or income: A significant change in your employment status can impact your ability to secure financing, prompting a reassessment of your homebuying plans.

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Purchase and sale agreement Debt-to-income ratio Title search Finance 93

Realty Biz

APRIL 6, 2021

Seller financing is often associated with ‘For Sale by Owner’ or a one-off business deal when an investor has difficulty selling a property for some reason. However, there is a business model for investors that actually builds an inventory of seller-financed houses that creates a long-term stream of monthly income.

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Finance Investor Loans Title 65

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Zoning determines land use, such as residential, commercial, or agricultural. Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land.

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Land Due diligence Title search Finance 126

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Equity Brokerage Mortgages Title 409

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Portico Direct explains that the whole process of financing real estate is often filled with frustration with all kinds of credit, income, and identity checks.

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Technology Due diligence Title Marketing 145

Housing Wire

FEBRUARY 20, 2024

The legislation generally prohibits a residential home seller from (1) conditioning the sale on the potential buyer waiving or limiting an inspection; or (2) accepting an offer if they have been informed in advance that the prospective buyer intends to waive their right to an inspection,” the Connecticut research report states. and Canada.

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Inspection Inspection contingency Purchase and sale agreement Residential 402

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. What’s getting us excited in residential real estate technology? Expanding access to home financing options. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 135

Housing Wire

AUGUST 25, 2022

“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates. At Finance of America , reverse mortgages have been a ??

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Mortgages Equity Loans Seller concession 395

Housing Wire

JUNE 6, 2022

New Residential Investment Corp. , The layoff decision followed New Residential Investment Corp.’s of market share in 2021, according to data from Inside Mortgage Finance. Residential lender and servicer Mr. Cooper slashed 670 jobs this year so far in two rounds of layoffs. according to Inside Mortgage Finance.

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Mortgages Loan Officer Lending Loans 420

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. The company launched a title and escrow unit, dubbed Orchard Title, in the fall of 2018.

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Title Branding Principal Loans 243

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. And why not? CRE firms are also suffering through the highest interest rates seen in years.

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Commercial Brokerage Due diligence Title 391

Realty Biz

FEBRUARY 16, 2021

But it’s necessary information especially for young adults who are interested in getting their hands on their first residential property. . This loan is for the sole purpose of purchasing a residential – it cannot be a form of commercial or industrial – property from the owner for a number of years.

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Lending Loans Finance Title 108

The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. points out why familiarity with this difference is so important.

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Construction Inspection New Construction Residential 97

Realty Biz

AUGUST 22, 2022

Your question is very timely as the residential market is transitioning away from being a seller’s market to being a more balanced market. The appraisal contingency and financing contingency are related but not the same. The financing contingency is dependent on your lender granting final approval of the mortgage.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96