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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. The following day, Bueker, a former KW agent from 2003 to 2011, filed a similar complaint in the U.S. . these funds continue to enrich only affiliated real estate agents, investors, brokers, and staff.”

Brokerage 493
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It hasn’t been this hard to get a mortgage in six years

Housing Wire

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president.

Mortgage 545
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Originators gear up for the purchase market

Housing Wire

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S.

Marketing 422
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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

“The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. Marketing: Lender: get on AMC and lender lists. Non-lender: marketing in person and online.

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[PULSE] 5 reasons mortgage rates will fall in 2021, according to Dave Stevens

Housing Wire

Topping $3 trillion will put it only behind 2003 in single family mortgage production history. After the market stabilized, the Fed slowed its purchases to around $100 billion per month in May, June and July. There have been outcries from MBS investors, including some of the largest buyers. Fed purchases in July were $104.6

Mortgage 539
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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Days on Market: 107.

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Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers. With rates surging today – to near 7.0%