Housing Wire

OCTOBER 10, 2023

There were actually more sales contracts started this week than a year ago. There are only 327,000 single-family homes under contract now. More listings are coming off market One number that’s fascinating to watch is the proportion of listings withdrawn from the market versus those going under contract each week.

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Mortgage Inventory Contracts Sellers 391

Housing Wire

JUNE 1, 2022

for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Mortgage applications decreased to its lowest level since December 2018, as the purchase market continues to struggle with supply and affordability challenges.”.

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Mortgage Contracts Retail Marketing 414

Housing Wire

FEBRUARY 6, 2024

The defendants allegedly demanded between 10% and 20% of the contract value, with amounts ranging from $500 to $2,000 depending on the size of the contract. By 2018 , NYCHA had approximately 13,000 employees serving an estimated 173,946 families, or nearly 400,000 authorized residents. We will continue our work with the U.S.

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Contracts Law Development Business 349

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. However, on Oct. loanDepot filed the lawsuit on Oct.

Contracts 337

Contracts Legal Retail Training 337

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

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Inventory Contracts New Listings Buyers 285

Housing Wire

SEPTEMBER 7, 2023

Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

Legal 348

Legal Brokerage Real Estate Modernization 348

Housing Wire

AUGUST 28, 2020

A spokesperson for Opendoor told HousingWire that the company is looking to staff its Home Reserve platform with independent contract agents, not salaried agents. In 2018, the firm acquired Dallas-based discount brokerage Open Listings for an undisclosed sum. The company, armed with $1.5

Brokerage 526

Brokerage Real Estate Agent Agents Real Estate 526

Housing Wire

AUGUST 28, 2023

Since becoming a CDFI in 2018, The Change Company has funded over $25 billion in loans to more than 75,000 families, according to the firm. The former chief-of-staff is seeking damages for alleged wrongful termination, whistleblower retaliation and breach of contract.

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Lending Design Finance Contracts 363

Housing Wire

JANUARY 26, 2024

While labor is the priority when it comes to reducing costs, cutting down lease costs and making use of the hybrid work model; reviewing vendor contracts; and weeding out plug-ins with high costs and low adoption rates are needed, according to the report. million as of Q3 2023.

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Mortgage Contracts Business 405

Housing Wire

NOVEMBER 23, 2020

In 2018, President Trump declined to nominate her for a second term. In a speech in 2018, Yellen reflected on the 10 years that followed the housing crisis. Economists at JPMorgan Chase last week said they expect the economy to contract even further in the first quarter of the year due to an uptick in coronavirus infections.

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Lending Contracts Government Finance 523

Housing Wire

MAY 18, 2022

This happened in 2013-2014, and in 2018 when mortgage rates moved toward 5%. As you can see below, the housing demand data from 2002 to 2005 was never apparent in any housing data lines from 2018 to 2022. Housing in 2020 and 2021 benefited from rates between 2.5% – 3.75% , which gave buyers more purchasing power.

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Mortgage Construction Contracts Housing Market 448

Housing Wire

JANUARY 27, 2022

The lawsuit alleges that, between 2010 and 2018, Wells Fargo failed to detect errors in its automated system to determine whether consumers in default would be eligible for loan modifications with Fannie Mae or Freddie Mac , or under the U.S. The benefit distribute date is currently scheduled to occur on March 15.

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Mortgage Government Contracts Tools 404

Housing Wire

MAY 4, 2022

“Treasury yields eased slightly last week but remained close to 2018 highs, as financial markets await the news from the Federal Reserve on its latest plans for rate hikes and reducing its balance sheet holdings,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. percent, up from 4.89

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Mortgage Contracts Retail Inventory 363

Housing Wire

NOVEMBER 16, 2023

The lender, which became a CDFI in 2018, claims it has funded over $25 billion in loans to over 75,000 families. Change sued the CDFI Fund in late August, complaining about the Fund’s analysis. A federal judge sided with Change in September, allowing the lender to continue its mortgage offerings until at least December.

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Lending Finance Contracts Development 323

Housing Wire

NOVEMBER 3, 2023

Since becoming a CDFI in 2018, Change has funded more than $25 billion in loans to more than 75,000 families, according to the lender. Change accused Levine of committing fraud and breaching his contract with the firm to advance his scheme to extort Change and its principals for over $10 million.

Lending 350

Lending Finance Legal Contracts 350

Housing Wire

JANUARY 21, 2022

The other plaintiff, Bishop, refinanced his property in Gaithersburg, Maryland, in 2010, with the contract saying payments should be made at an address in Irvine, California, or other places as the lender designated in writing. Carrington started to retain Bishop’s loan payments in 2018.

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Law Contracts Mortgage Design 382

Housing Wire

NOVEMBER 15, 2023

In 2018, it acquired Franklin American Mortgage. In a letter sent to a broker parter that HousingWire reviewed, Citizens said the contract has been terminated according to the terms of the agreement after the close of business on Wednesday. A spokesperson for Citizens did not immediately reply to a request for comments. year over year.

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Retail Mortgage Brokerage Contracts 399

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

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Contracts Appraisal HOA Architecture 52

Housing Wire

OCTOBER 12, 2023

RW: A lot of vendor contracts are just killing mortgage companies right now, because they’re stuck in these multiyear contracts with minimum standards. You’re signing a contract in 2020-2021 when the industry is doing $3.5 That hot tech thing you had to have in 2018? That model just doesn’t work.

Mortgage 395

Mortgage Technology Contracts Realtors 395

Housing Wire

DECEMBER 10, 2021

At this moment, about 25% of properties are going into contract essentially immediately every week (around 20,000 of them within hours or days of listing) — even as supply and transaction volume declines through the end of the year. I actually expected immediate sales to be dropping at this point, but it isn’t.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JULY 17, 2023

The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. This is a rate about the same as 2018 or 2019 for example. There are now 378,000 single-family homes in the contract pending stage. This is what a soft landing looks like. There was no crash.

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Real Estate Marketing Inventory Contracts 283

Housing Wire

APRIL 27, 2022

Overall application activity fell to the lowest level since 2018,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 5.37% from 5.20%. from the prior week and was down 16.6%

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Housing Market Mortgage Marketing Retail 380

Housing Wire

NOVEMBER 16, 2021

As part of that effort, Redwood Trust has partnered with Palo Alto, California-based Point , a fintech firm that markets a product called a home-equity investment contract, or an HEI. The HEI contracts provide homeowners with cash upfront in exchange for a contract providing Point with a slice of the homeowner’s equity.

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Investors Marketing Contracts Investing 317

Housing Wire

AUGUST 21, 2023

There are 365,000 single-family homes in contract now. New pending sales of single-family homes going into contract this week came in at 63,000 vs 70,000 last year. In this chart, the height of each bar is the total number of homes in contract that week. The light red portion of the bar represents those newly in contract.

Inventory 369

Inventory Contracts Buyers Sellers 369

Housing Wire

FEBRUARY 7, 2022

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts. Unison also shares some of the downside if the property loses value over the course of the contract.

Investing 270

Investing Marketing Contracts Investors 270

Housing Wire

MAY 3, 2021

The complaint – which proposes a class of every single real estate agent who signed a contract with Compass in the last four years – is brought by Lisa Sheppard and Todd Sheppard, a sales team that operated a boutique brokerage in Sonoma County and has since moved onto Sotheby’s International Realty.

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Agents Brokerage Real Estate Agent Real Estate 393

Housing Wire

MARCH 22, 2024

According to an analysis by S&P Global , between 2018 and 2023, homeowners insurance rates in Florida have jumped by 43.2%. We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” From 2022 to 2023 alone, rates rose 15%.

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Insurance Inventory Marketing Real Estate 363

Housing Wire

FEBRUARY 28, 2024

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Real Estate 397

Real Estate Marketing Tools Contracts 397

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

JULY 27, 2022

Trident, which ceased doing business in 2021, will have to contract with a lender to open offices in minority areas and conduct outreach. It must also contract with a lender to administer $18.4 To resolve the DOJ and CFPB’s claims of redlining, Trident will pay $18.4 Trident will also pay a civil penalty of $4 million to the CFPB.

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Loan Officers Mortgage Law Contracts 392

Housing Wire

MAY 4, 2021

Caroline Reaves, CEO of property services provider Mortgage Contracting Services , announced her retirement on Tuesday after leading the company for 14 years. Because of her contributions to the market, Reaves was also named a HousingWire Women of Influence in 2018.

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Contracts Development Business Mortgage 236

Housing Wire

MAY 30, 2024

I started thinking about it in 2018, it was kind of a transitionary year for me, in business. We’ve enabled the ability to create an offer, negotiate that offer and produce a contract — all from a mobile device, without having to go through the back and forth of sending emails and follow ups.

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Real Estate Agent Real Estate Sellers Agents 347

Housing Wire

FEBRUARY 2, 2021

In a Friday brief, the coalition alleged the charges by PHH are “illegal” and “improper” because the authorization of these fees cannot be found in the mortgage contracts. ” “PHH’s sole purpose is to collect and process homeowners’ payments, which it already makes millions of dollars from each year. “We

Mortgage 402

Mortgage Legal Law Contracts 402

Housing Wire

JANUARY 12, 2021

.” Houston, according to multiple listing service data, is selling homes above price at triple the rate of 2019, and Cunningham added that the number of homes going under contract within 30 days of listing has increased by 50%. This followed the creation of a title and escrow unit, dubbed Orchard Title, in the fall of 2018.

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Contracts Real Estate Inventory Lending 208

Housing Wire

FEBRUARY 2, 2023

Kornfeld added that Pennymac’s profitability is the strongest among its rated non-bank mortgage peers now — just as it was in the previous downturn in 2018. Therefore, its results portend a challenging quarter for the non-bank mortgage sector,” Kornfeld said.

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Marketing Business Contracts Mortgage 283

Housing Wire

OCTOBER 4, 2023

Business Dynamic Statistics data reveal that 2021 was a year of major growth for homebuilders but steep contraction for landlords (called “lessors” in the BDS). Each year since 2018 has set an all-time record high for the number of firms in the agent/ broker industry group. There were 102,235 firms in 2021, surging 11.5%

Landlords 354

Landlords Agents Brokerage Supply Chain 354

Housing Wire

SEPTEMBER 3, 2022

Even though the builders are going to stop producing new single-family homes that aren’t already under contracted, they need to have the labor to finish the homes that have been started on or under contract and not started on yet. Growth rate of inflation falls, and the Fed stops hiking rates and reverses course, as it did in 2018.

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Contracts Construction Marketing Design 464