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MBA economists: The overcapacity that still needs to be cut

Housing Wire

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. By comparison, we are forecasting total volume of about $2.3

Lending 382
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray. “He got up to 20% to 30%, as I recall.” ” That means cutting occupancy and operating costs.

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OK to average adjusted comps on appraisals?

Appraisal Today

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. to 305,219—the lowest third-quarter level since 2012. ”… Question 2: does the lending industry owe the appraiser a living? Investor purchases of U.S. homes dropped 29.7% percent from 7.37