Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375. The Blankfeld Group came in No.

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Principal Technology Equity Residential 410

Housing Wire

JULY 18, 2023

Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He has a background in managing sales operations and brokering transactions between clients in the U.S. In 2022, he recorded a sales volume of $30 million. and Mexico.

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Agents Loan Officer Principal Brokerage 370

Housing Wire

FEBRUARY 23, 2024

eXp delivered solid revenue in the fourth quarter, despite continued weakness in the United States residential real estate market, thanks to our global base of highly productive agents ,” Glenn Sanford, founder, chairman, and CEO of eXp World Holdings, said in a statement. Sales volume also picked up 3% from the fourth quarter of 2022 to $38.9

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Agents Principal Residential Sales 410

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB became a large residential mortgage servicer after the acquisition of Flagstar.

Equity 416

Equity Mortgages Banks Commercial 416

Housing Wire

JULY 1, 2022

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% of the loans modified included a principal deferral, the OCC said. million first-lien residential mortgages with $2.6 trillion in unpaid principal balance, the report said.

Banks 384

Banks Mortgages Principal Short sale 384

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion. in a deal valued at $500 million in cash and retained interest.

Sales 397

Sales Mortgages Branding Principal 397

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. She holds an A.B. from Smith College, an M.P.A.

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Principal Development Brokerage Residential 86

Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 billion in assets, has a diverse portfolio of residential and commercial real estate assets. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 WMC, with some $2.8

Marketing 397

Marketing Bankruptcy Loans Principal 397

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter. funded $26.9

Residential 370

Residential Principal Loans Mortgages 370

Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

Industrial 384

Industrial Mortgages Principal Loans 384

Housing Wire

MARCH 10, 2022

The gain-on-sale margin on originations declined from 5% in 2020 to 4.02% in 2021, but at the end of the fourth quarter, it had fallen to 3.47%, generally consistent with industry trends. The company’s unpaid principal balance increased 18% last year to $70.9 billion in loan originations, at a gain on sale margin of 4.15%.

Marketing 410

Marketing Loans Principal Mortgages 410

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. Existing home sales declined for seven consecutive months in August, declining 0.4% year-over-year.

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

Housing Wire

MARCH 22, 2023

The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. After dropping for 12 months, existing home sales rebounded in February, climbing 14.5% The national median existing-home sale price fell 0.2% month over month to a seasonally adjusted annual rate of 4.58

Industrial 397

Industrial Mortgages Purchase and sale agreement Banks 397

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

DECEMBER 14, 2022

Mortgage rates are taking the Fed’s move as a clear indication that the pace of interest rate increases will be moderate, and the market is hopeful that any increases in 2023 will be in the more typical 25 basis point increments, Marty Green, principal at Polunsky Beitel Green , law firm for residential mortgage lenders, said.

Mortgages 421

Mortgages Residential Principal Lending 421

Housing Wire

FEBRUARY 14, 2024

In the article, Moody’s said they anticipate an increase in MSR sales in 2024, which will result in a short-term gain in liquidity at the expense of a weaker franchise in the future. Why should lenders retain servicing? Maintaining MSRs generates servicing fee income and helps servicers improve the customer experience.

Investor 408

Investor Loans Mortgages Principal 408

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

NOVEMBER 17, 2022

The executive spoke during a panel at the 8th Annual Residential Mortgage Servicing Rights Forum, a conference held in Manhattan on November 14 and 15. Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight.

Marketing 421

Marketing Lending Loans Principal 421

Housing Wire

FEBRUARY 16, 2022

About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC). “So billion in 2020 to $138.4 billion for 2019.

Marketing 384

Marketing Principal Banks Loans 384

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. 2 in sales volume among all brokerages, trailing only Realogy, according to RealTrends data released last week.

Brokerage 406

Brokerage Principal Loans Branding 406

Toronto Realty Blog

MARCH 13, 2023

Friend of Kate Rambeau, nemesis of Principal Togar, and Ramones super-fan. A new principal, the evil and tyrannical Principal Togar, instills her iron on the student will with the help of her hall monitors, and eventually steals Riff’s tickets to The Ramones concert! Then again, maybe you just do it yourself? Er, a town.

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Sales Principal Development Construction 87

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals.

Agents 410

Agents Construction Design Branding 410

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. In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. million to $23.7

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. Making the Transition From Residential Agent to Commercial Agent. How Much Does Getting Your CCIM Cost in 2020? 4 Steps to Getting Your CCIM in 2020.

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Residential Design Agents Commercial 105

Housing Wire

FEBRUARY 17, 2022

The most recent RMBS Credit Indices report from the Kroll Bond Rating Agency (KBRA) shows that loan pools supporting outstanding private-label residential mortgage-backed securities issuances overall are performing relatively well to date in both the prime and nonprime markets.

Marketing 370

Marketing Staging Loans Principal 370

Redfin

AUGUST 29, 2023

In the realm of residential architecture, where dreams and blueprints merge to create the very spaces we call home, the choice of an architect is a significant decision. Some firms have sales associates who sign up clients and then, after the initial meetings, pass the client onto a team who only gets information second-hand.

Residential 64

Residential Design Construction Land 64

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. Existing home sales dropped 2.4% in April from March to 5.61

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

MARCH 26, 2021

“It’s one of the hottest cities to move to in northern New England,” said Dava Davin, a principal broker at Portside Real Estate Group in Portland. With demand that high, homes for sale are going under contract 24 to 36 hours after they are put on the market. But the actual sales prices are much higher — up 31.4%

Marketing 466

Marketing Land Principal Sales 466

Housing Wire

AUGUST 17, 2023

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. Create a list of vendors and products you’re using, monthly costs and other pertinent details like the sales rep, website and contract terms.

Technology 366

Technology Principal Brokerage Agents 366

Housing Wire

JULY 28, 2022

Still, mortgage rates are significantly higher now compared to one year ago, which is why home sales have been falling.”. Sales of newly built homes fell more than 8% in June from the prior month and were 17% lower than June 2021, according to the U.S. “It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 306

Marketing Loan Officer Mortgages Lending 306

Housing Wire

DECEMBER 22, 2023

Thus, while we think home sales will start to rise over the new year, the combination of modest increases in home prices and still-elevated interest rates suggest a slow pace of recovery from previously recessionary levels of housing activity.” We’re forecasting right now a fairly strong Q1 for MSR sales.

Mortgages 441

Mortgages Banks Loans Industrial 441

Keeping Current Matters

JANUARY 13, 2021

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% Bottom Line.

Equity 241

Equity Short sale Principal Loans 241

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

Short sale 52

Short sale Sales Banks Principal 52

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

Loans 409

Loans Marketing Due diligence Residential 409

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Please speak to a Sales Representative for details. I’m listening.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

FEBRUARY 7, 2023

Assumable mortgages enable the value of the mortgage savings to be partially capitalized into the home’s sales price, allowing the owner-occupant to outbid even a cash investor. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.

FHA loan 384

FHA loan Mortgages Loan Officer VA loan 384

Housing Wire

DECEMBER 13, 2023

Those figures reflect a substantial reduction in new and existing-home sales and refinancing as interest rates ballooned past 7% over the period, driven by the Federal Reserve’s aggressive monetary-tightening policy. Other sectors The narrative is similar for the private-label residential mortgage-backed securities (RMBS) market.

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Mortgages Marketing Banks Investor 409