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SERHANT. enters Orlando real estate market

Housing Wire

The Raumakers began their career in real estate in 2016 at Keller Williams before joining eXp Realty in 2018 and launching The Home Squad. “In in violation of their contract. When we add agents from both traditional and non-traditional brokerages, it’s validating and a testament to how our model is working and unlike any other.”

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Cenlar FSB promotes leaders in wholesale bank division

Housing Wire

This includes setting pricing for prospective clients, managing pricing for existing clients as they renew their contracts, and identifying other opportunities to support Cenlar’s clients and their homeowners.

Valuation 303
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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 351
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Will existing home sales climb at all this year?

Housing Wire

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.

Inventory 285
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Real estate unicorn Roofstock cuts its workforce by 20%

Housing Wire

Roofstock, founded in 2016, provides a fintech platform for investors to manage, sell and partially invest in single-family rental properties in 27 markets across the U.S. The company has facilitated over $5 billion in transaction volume since 2016.

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CFPB, senators pledge to look at house-flipping business practices

Housing Wire

I actually met with some Minnesota community leaders about contract-for-deed targeting certain immigrant groups across the country,” Chopra said. And I think what we want to make sure is even where we might not have jurisdiction to go after a scam, we want to tell the Justice Department and the state [attorney general].”

Business 318
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Caliber sues CrossCountry after 80 employees left for rival

Housing Wire

Caliber sought a jury trial and compensatory damages over $5 million for eight different alleged counts, among them unfair competition, misappropriation of trade secrets, tortious interference with contract, and civil conspiracy, CrossCountry has been a target of lawsuits regarding its hiring practices before.