article thumbnail

Homepie CEO Brad Rice on making FSBO easier

Housing Wire

Ironically, the technology he’s developed can be a benefit to real estate agents as well. SW: Why did you want to develop this platform? When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion.

article thumbnail

Low housing inventory a win for homebuilders

Housing Wire

This business model means that the builders are very mindful of the demand for their product and keep an eye out on their main competition, the existing home market, where supply is cheaper for a buyer. This is a massive difference in inventory data and a plus for the homebuilders, which they didn’t enjoy in 2007. percent (±15.3

Inventory 532
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How JVM Lending plans to expand without any loan originators

Housing Wire

Back in the 2007-2009 meltdown, we had loan officers with us at that time. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 361
article thumbnail

Homebuilders still need lower mortgage rates

Housing Wire

The builders don’t like to see supply of existing homes growing for fear that their buyers might cancel on them. The growth of supply means demand is getting weaker, which will require builders to give more incentives to buyers. Census Bureau and the Department of Housing and Urban Development. months of supply. percent (±18.5

Mortgage 533
article thumbnail

HW+ Member Spotlight: Brian Gubernick

Housing Wire

This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash. To become an HW+ member, click here.

article thumbnail

New home sales defy recession calls

Housing Wire

In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. This means new homes — with all the bells and whistles — can peel some buyers from the existing home sales market, especially if they pay down mortgage rates. Now on to the report. This is 12.2 percent (±12.8

article thumbnail

Employment gains could help housing inventory

Housing Wire

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes.

Inventory 497