Housing Wire

APRIL 22, 2024

(Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. Wright and Murray also said that the headwinds facing the industry are creating a buyer’s market for acquisitive firms. My advice is to start simple.

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Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. Borrowing money will be relatively expensive, “including taking on a mortgage borrowing for a home purchase,” Jones said.

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Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Cooperative compensation offers can also be — and should be, if the client wishes — included in purchase agreements. We just don’t know what they are yet.”

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In The annual investment volume in the U.S.

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Housing Wire

FEBRUARY 13, 2024

While the full version of Zillow’s Super App experience is currently only available in certain test markets, firm executives said that the company plans to expand its “enhanced” experience to a total of 40 markets nationwide by the end of 2024. We are confident in our ability to grow our company in this evolving climate.”

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Housing Wire

MAY 26, 2023

Whether you believe the worst market conditions are now behind us or that the coming months will remain turbulent, there’s no doubt that title related businesses will need a combination of thrift, ingenuity, innovation and persistence to be successful for the foreseeable future. Will it work well with your new clients in that market segment?

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Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. “The million to $23.7

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Housing Wire

OCTOBER 6, 2021

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. According to the filing, Better’s gain-on-sale margin declined from 301 basis points in the first quarter to 160 bps in the second, which in turn resulted in a drop in revenue of $171.8

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Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. But the most frightening — or exciting? Who’s most exposed?

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Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

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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. The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. The loan offering is being marketed with assistance from Citigroup Global Markets Inc.

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Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada. “And

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Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. 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 million to 4.3

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Toronto Realty Blog

JANUARY 27, 2023

TorontoRealtyBlog “SCE” Three letters that are wreaking havoc in the real estate industry right now. When the market is hot, fewer properties are sold conditionally, but some still are. When the market is hot, fewer properties are sold conditionally, but some still are. SCE What in the world is that?

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Housing Wire

APRIL 11, 2023

As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. How has technology impacted the industry?

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Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. As with every state where buyer agency laws exist, the licensee’s native status is as a transaction broker or facilitator unless and until a separate, bilateral agency agreement is executed.

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Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. The most likely outcomes include: Lenders: Fewer than 50 mortgage lenders will transition to a federated model that enforces the controls necessary for secure cross-industry interoperability.

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Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. As of last month, the firm reported 9,800 homes it purchased but has yet to sell, and 8,200 it is contractually obliged to buy – or a shade under 18,000 total.

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Housing Wire

NOVEMBER 9, 2023

Based on the jury verdict in the Sitzer/Burnett lawsuit, Murray believes the DOJ will not be satisfied with the terms and the scale of changes outlined in RE/MAX’s and Anywhere’s settlement agreements and that it will get involved. loosing 5%-6% of the sale price is substantial equity stripping in their minds.”

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Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

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Purchase and sale agreement Agents Brokerage MLS 375

Housing Wire

MAY 11, 2021

According to the wholesale giant ‘s quarterly earning statement, UWM posted a gain-on-sale margin of 2.19%, an 86 basis point decline from the 3.05% margin it posted in the fourth quarter. ” UWM’s quarterly earnings statement shows it did in fact increase its purchase business in the first quarter. billion in Q4.

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Toronto Realty Blog

AUGUST 12, 2022

“When did you purchase the assignment?” ” I don’t know what would be worse: wanting to assign a pre-construction condo that you purchased two days ago, or wanting to sell a pre-construction condo that you bought in February at the market peak. . “I think it was the second or third week of February.”

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Housing Wire

JULY 26, 2021

They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. And they paid a 1% fee to their solicitor for their purchase. All in all, my parents paid 4.5% experience.

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Realty Biz

JULY 22, 2023

Recruiting Insight and Cape Breton Realty announced an agreement to leverage the Recruiting Insight capabilities to grow agent count and market share. In addition, the firm has collected items donated by clients, agents, and friends, as well as the public, for a large yard sale. Cape Breton Realty has offices in St.

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Housing Wire

DECEMBER 1, 2021

Company officials say the moves will allow refi-heavy Better to increase its strength in a mortgage market that is increasingly becoming purchase-focused. The company plans to automate some of its refi processes and is now focused on purchase operations, one company official, who requested anonymity, said.

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Housing Wire

APRIL 4, 2023

In mid-2022, the ICE-Black Knight deal prompted concerns that it would raise costs for consumers and give ICE too much pricing power in the mortgage data market, which lenders rely on. Prior to the FTC’s suit, Black Knight announced the sale of its Empower business to a subsidiary of Canada’s Constellation Software Inc.

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Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” “VA loans are probably the best loans on the market.

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RIS Media

AUGUST 10, 2021

Here are some proven sales strategies to help drive your agent’s success every day and week, setting more appointments, converting more leads and making more sales happen for your team and for themselves. Without face-to-face appointments, there will be no listings or sales. Offer value-added solutions.

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Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

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Housing Wire

NOVEMBER 5, 2021

The purchase comes amid questions of whether iBuying is a viable business model following Zillow’s announcement Tuesday that the company is winding down its iBuying arm. IBuying is empirically a money-losing industry even amid a historic housing boom. Opendoor has $25.4

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Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. A separate Exam Prep course is also available for purchase. End of Course Practice Exam and 2 End of Course Exam Attempts Course for Sales Associates & Brokers. Chapter Quizzes.

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Housing Wire

AUGUST 5, 2022

During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. The fair market value of MSRs it controls increased by about $1.3 billion to $6.7

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Housing Wire

OCTOBER 25, 2023

The earnings included, among other things, a $67 million gain from the collapse of a securitization trust and a $96 million preliminary bargain purchase gain related to the Home Point Capital acquisition. The firm also had a $39 million loss associated with equity investments primarily related to the sale of its title business in 2021.

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Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. That concern is overblown, according to several market experts.

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Housing Wire

MARCH 8, 2023

. “2022 was a year of dramatic volatility and extreme challenge for the mortgage and broader housing markets,” Frank Martell, loanDepot’s president and CEO, said in a statement. Reductions in costs were related to lower staffing levels and marketing spending, the company said. Revenues dipped to $1.2 billion in 2021.

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Toronto Realty Blog

SEPTEMBER 19, 2022

I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. I have two clients who I would classify as “experts” in pre-construction investing, neither of whom purchase through me, since I have never sold a pre-construction condo. I have no doubt about that.

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