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Mortgage loan-trading platforms prepare for fall in volume

Housing Wire

On these platforms, originators can lock down the best loan price from various buyers, typically asset managers and institutional investors. The last 12 months have been great,” said Tom Pearce, CEO of Maxex, an Atlanta-based fintech company founded in 2016. “In 2021, we’ve had a record volume.

Mortgage 308
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Flyhomes lays off 20% of its employees as housing demand falls

Housing Wire

Eliminated positions included a video content specialist, regional sales manager and senior client success specialist in Washington and researchers and recruiters in India. Founded in 2016, Flyhomes offers a cash offer program for homebuyers with a majority of its revenue coming from agent commissions. .

Brokerage 367
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An inside look at local housing markets across the country

Housing Wire

One of my agents has a client who is making an offer on a house that will probably end up going for over $250,000 over list price and most of what we are seeing is either all cash offers or eliminating contingencies.”. But, I do believe it is going to be really competitive, and buyers are going to have to move fast to get a house.”.

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Maxwell launches new secondary platform for small lenders

Housing Wire

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. Maxwell will provide the platform service for sellers and attract buyers. mortgage market. mortgage market.

Investors 251
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Leading Real Estate Companies of the World® Awards Lamacchia Realty for Most Outgoing Referrals in 2023

Lamacchia Realty

“I’m thrilled that we’ve won this award and even more thrilled that we helped so many clients relocate this year! Being a part of LeadingRE® has allowed our department to elevate its level of service to our buyers and sellers, no matter the location!”

Realty 64
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

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Cardinals of a different feather: Inside Samson Properties’ unique model

Housing Wire

In return, the Samson agent is asked – not told, asked – to refer clients to Cardinal Title Group , a title insurer wholly owned by Samson. “I Donny Samson claimed that his brokerage began turning the corner in 2016, around when he took the position of chief operating officer. “We Here’s where things get interesting.

Brokerage 370