Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions.

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Housing Wire

APRIL 1, 2024

On March 29, Edward Fordyce, who worked on and off with Keller Williams from 2019 to 2022, filed a complaint aiming for class-action status in the U.S. Allegations against KW include breach of contract, declaratory judgment and unjust enrichment. District Court for the Eastern District of Pennsylvania in Philadelphia.

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Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

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Inventory New Listings Contracts Housing Market 516

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. MLD’s Colorado business volume between 2019 and the present accounts for less than 0.1% Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069.

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Mortgage Contracts Legal Business 275

Housing Wire

NOVEMBER 11, 2020

The refinance index, however, increased by 1% from the previous week – and is a robust 67% higher than the same week in 2019. That’s despite the 30-year fixed rate decreasing to 2.89% — an all-time survey low. “Homebuyer demand is still strong overall, and activity was up 16.5% from a year ago,” Kan said. from 11.1%

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Housing Wire

MARCH 26, 2024

Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. On March 22, Moulder, who worked with Keller Williams from 2002 to 2011, filed a complaint aiming for class-action status in the U.S. District Court for the Western District of Texas in San Antonio.

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Housing Wire

OCTOBER 5, 2023

Between the summer of 2019 to date, there have been at least 26 securitization deals backed by home equity products valued in total at some $6.1 The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. billion, according to offering documents.

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Housing Wire

APRIL 22, 2024

Djon Luxury Real Estate is expanding its sell-side business, training buyer-side real estate agents on the necessary contracts and selling their value to the consumer. The change would go into effect in mid-July 2024 if the settlement is approved by a judge. People will still need to buy a home after July.

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Brokerage Real Estate Realtors Real Estate Agent 380

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

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Contracts Realtors New Listings Real Estate 501

Housing Wire

DECEMBER 6, 2023

million to Black Knight in damages related to a breach of contract claim. In 2019, Black Knight filed a lawsuit accusing Pennymac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) platform. The company also has $650 million at 4.250% due in 2029 and $500 million at 5.750% due in 2031.

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Housing Wire

OCTOBER 8, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the sharpest economic contraction since the Great Depression. economy contracted 31% in the second quarter, compared to a year earlier, as the nation struggled to contain the worst public health crisis in more than a century.

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Mortgage Contracts Housing Market Marketing 438

Housing Wire

APRIL 18, 2024

She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. She complained to Human Resources in 2019 but said the department failed to do anything to investigate his behavior. “We know Megan very well and treasured her 10 years with the company.

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Housing Wire

SEPTEMBER 7, 2023

Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management. When she joined the company in January 2019, she focused on member engagement, performance, and satisfaction.

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Housing Wire

APRIL 22, 2024

He then asked Tager and Lickstein about their first forays into the AI space, and Tager talked about using it first through SMS text messaging around 2019, years before OpenAI ’s ChatGPT product came into the fold and set off the current run on the tech and debate about its use. “No

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Housing Wire

SEPTEMBER 9, 2020

However, Kan said this increase is skewed higher by being compared to Labor Day 2019, when the 30-year fixed-rate mortgage climbed to 4.01%. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.07% from 3.08%. the week prior. from 3.41%.

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Housing Wire

MAY 25, 2023

“Elevated mortgage rates and economic uncertainty, along with still-low inventory, means that new pending sales were down more than 20% from a year ago, and were lower even compared to 2019 levels.” An index of 100 is equal to the level of contract activity in 2001. Regionally, the Midwest (78.4), South (99.6), and West (62.2)

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Inventory Housing Market Contracts Government 372

Housing Wire

SEPTEMBER 22, 2022

Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. In exchange, the homeowner inks a contract providing the company with a slice of the homeowner’s future equity. billion have been completed involving HELOCs as collateral.

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Marketing Contracts Finance Home Value 383

Housing Wire

OCTOBER 22, 2020

If rates rise modestly, as MBA suggests, we will be left with rates still near historic lows, a boon for homebuyers but still a contraction in refinances. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb. The purchase/refi story here is important.

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Mortgage Training Contracts Loan Officers 415

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

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Contracts Landlords Inventory New Listings 403

Housing Wire

FEBRUARY 16, 2022

11, reflecting what the mortgage market looks like when rates eclipse 4% for the first time since 2019. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.05% from 3.83% the week prior, above the 4% mark for the first time since 2019.

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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 452

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 The complaint alleged that 64 of Trident’s 68 loan officers in Philadelphia from 2015 to 2019 were white.

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Housing Wire

MARCH 29, 2023

“Eventually, a number of small deals trickled their way into the market starting in 2019, More potential issuers have looked to add HELOC securitization funding [in recent months], especially given the dramatic rise in home values providing increased home-equity availability.” Saluda is the borrower, and they face Barclays,” Craft explained.

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Contracts Lending Investing Investors 364

Housing Wire

JULY 6, 2022

The Federal Housing Finance Agency (FHFA) will increase its oversight of fourth parties – companies that contract with firms doing business with Fannie Mae and Freddie Mac. In one cybersecurity breach, an example Fannie Mae also highlighted in a quarterly filing, a foreign threat actor in 2019 infiltrated the networks of a U.S.-based

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Supply Chain Contracts Government Finance 404

Housing Wire

FEBRUARY 23, 2022

18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.06% from 4.05% the week prior. Mortgage applications decreased 13.1% for the week ending Feb.

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Mortgage Retail Contracts Inventory 418

Housing Wire

DECEMBER 11, 2020

average during the 2010 to 2019 time period. Using CoreLogic TrueStandings data, we estimate that there will be about 20 million home mortgages outstanding at the start of 2021, with a contract interest rate of 4% or higher. This would be a percentage point lower than the 4.1%

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Housing Wire

AUGUST 31, 2023

According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd.

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Contracts Brokerage Business Training 432

Housing Wire

JUNE 8, 2022

In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%. The median national home price also climbed to an all-time high of $447,00 last month, jumping 35.4%

Mortgage 418

Mortgage Inventory Contracts Retail 418

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Sales of new homes are already matching 2019 pre-COVID activity and are expected to increase in 2023, largely due to plentiful inventory in this segment of the market.” For the first time since November 2022, pending home sales fell in March, posting a 5.2%

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Inventory Realtors Contracts Construction 437

Housing Wire

SEPTEMBER 11, 2020

billion Q2 2019. During shut-down orders, Zillow canceled contracts on homes and Opendoor pulled offers and layed off 35% of its staff. percentage points from Q2 2019. percentage points from Q2 2019. Redfin’s report is based on analysis of MLS and public records data. Redfin furloughed 41% of its agents.

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Contracts Marketing Agents Housing Market 442

Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon.

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Mortgage Contracts Construction Inventory 518

Housing Wire

APRIL 14, 2021

“Purchase applications were still above last year’s pandemic-impacted low point, but fell behind the level of activity seen the same week in 2019.”. “The third straight week of declining purchase activity is a sign that rising home prices and tight supply is constraining home sales – especially in the lower price tiers,” Kan said.

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Inventory Mortgage Contracts 242

Housing Wire

AUGUST 4, 2022

Veros also signed an appraisal management services contract with the VA in 2019. It’s the primary architect and technology provider for Fannie and Freddie’s Uniform Collateral Data Portal and works with the FHA on its Electronic Appraisal Delivery system.

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Appraisal Valuation Real Estate Technology 416

Housing Wire

APRIL 6, 2022

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.90% from 4.80%. According to Kan, as higher rates reduce the incentive to refinance, application volume dropped to its lowest level since the spring of 2019. the previous week and 51% a year ago.

Inventory 441

Inventory Mortgage Retail Contracts 441

Housing Wire

NOVEMBER 17, 2023

During the podcast episode, which is from September 2019, Dalton is asked if he has a technique for when clients ask him to cut his commission. He tells listeners that he uses the following script: “There’s no bleeping bleeping way I’m going to cut my bleeping bleeping commission[.

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Training Realtors Agents Real Estate 397

Housing Wire

SEPTEMBER 11, 2020

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 group’s Mortgage Credit Availability Index fell 4.7% last month, the lowest since March 2014, indicating stricter requirements to get loans.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. Redfin also studied housing numbers from the same period in 2019, before the onset of the COVID-19 pandemic in the U.S.

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Buyers Real Estate Agent Real Estate Inventory 448