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F2 Finance wants to capitalize on a fragmented fix-and-flip market

Housing Wire

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire.

Finance 345
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NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 450
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How housing credit is shaping housing inventory

Housing Wire

Let’s see how this has played out in different stages of the economy. Home sales hit their highest levels in a decade right before COVID-19 hit our economy. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. It comes down to housing credit!

Staging 443
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NAF in talks to acquire Draper & Kramer Mortgage Corp.: sources 

Housing Wire

The sources said negotiations are in the late stages and remaining details are expected to be finalized this month. The board at DKMC, which has separate businesses in the property management and commercial finance spaces, among others, wants to exit the residential mortgage business, the sources told HousingWire.

Mortgages 334
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. “You VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.” “As

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CrossCountry in talks to acquire Fairway: sources

Housing Wire

The talks remain ongoing and are not believed to be in the late stages, sources said. A source also said CrossCountry raised $400 million in debt financing in 2021, which put the company in a better position to navigate a shrinking market than many of its competitors. nine industry sources told HousingWire. mortgage lender.

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Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

Anytime there is a downturn in housing sales or a shock to the industry like with the litigation settlement, although we have not faced anything like this in my 47 year career, there is uncertainty,” Murray said. Kevin Walsh, the CFO of Century 21 New Millennium , joined Murray and Wright on stage. What does your instinct say?

Brokerage 369