Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. The pair’s spinoff company, dubbed Guaranteed Rate Affinity , lost $3 million in operating income for the first quarter, after making $61 million in quarter one 2021. Ryan Schneider, CEO of Realogy.

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Mortgage Brokerage Agents Real Estate Agent 343

Housing Wire

AUGUST 13, 2020

mortgage rates for a 30-year fixed rose to 2.96% this week from an all-time low of 2.88% , Freddie Mac said in a report on Thursday. The average 15-year rate rose to 2.46% from 2.44% last week, according to the mortgage financier. from a year ago, the National Association of Realtors said in a July 22 report. Average U.S.

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Mortgage Realtors Finance Housing Market 543

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Justin Messer, CEO at Prosperity Home Mortgage.

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Mortgage Real Estate Real Estate Agent Realtors 359

Housing Wire

FEBRUARY 9, 2021

That’s why we’ve invited Xio Sandoval, a top Century 21 Realtor, to speak at our Spring Summit on March 4. 1 agent in gross closed commissions for the Montebello Board of Realtors for five consecutive years. The post Top Realtor Xio Sandoval to speak at Spring Summit appeared first on HousingWire.

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Realtors Real Estate Real Estate Agent Landlords 202

Appraisal Buzz

SEPTEMBER 19, 2021

The 2021 Five Star Conference and Expo kicked off Sunday with the FORCE Rally and reception for members of Five Star’s Federation of REO Certified Experts group. The session was hosted by Continental Realtors and co-hosted by RealtyTrac, whose EVP Rick Sharga delivered the keynote address.

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Realtors Real Estate Appraisal Mortgage 195

Housing Wire

JULY 28, 2022

Purchase mortgage rates dropped after climbing for two consecutive weeks, reflecting declining consumer confidence and an emerging “technical recession,” amid a higher interest rate environment. While interest rates do not dictate mortgage rates, higher rates make a range of lending more expensive.

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Mortgage Realtors Lending Development 382

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% million units last month from July, according to the National Association of Realtors (NAR). Will Savage, an LO at PMC Mortgage.

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Mortgage Loan Officers Buyers Inventory 406

Housing Wire

JULY 20, 2023

Perhaps more than any other financial product, mortgages offer a wide array of specific consumer protections including RESPA, TILA, TRID, LO Comp, HOEPA, servicing rules, and many others,” CHLA said in a statement regarding the document. The Right to Robust Competition in Mortgage Services Market.

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Mortgage Finance Realtors Marketing 296

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

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Loan Officers Mortgage Real Estate Agent Real Estate 347

Housing Wire

AUGUST 10, 2022

Mortgage demand remained relatively flat last week amid volatility in mortgage rates in recent weeks. The market composite index , a measure of mortgage loan application volume, rose a marginal 0.2% for the week ending August 5, according to the Mortgage Bankers Association (MBA). Presented by: 1000watt.

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Mortgage Real Estate Agent Retail Contracts 346

Housing Wire

SEPTEMBER 15, 2020

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. the mortgage company forecast last month.

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Lending Mortgage Realtors Housing Market 545

Housing Wire

OCTOBER 12, 2023

Within mortgage companies, even those that have huge scale versus small scale, they’re offering really the same borrower experience and the same loan officer experience. SW: How does that impact you as a mortgage lender CEO? You’re signing a contract in 2020-2021 when the industry is doing $3.5 Well, then what?

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Mortgage Technology Contracts Realtors 402

Housing Wire

JULY 12, 2023

The latest statistics from the National Association of Realtors found that the percentage of agents with fewer than two years of experience fell to 17% in 2022 from 25% in 2021. But at 343,000 workers in May, the mortgage LO workforce remains quite elevated for the origination volume being produced. And there are north of 1.5

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Real Estate Agent Real Estate Agents Loan Officers 370

Lamacchia Realty

APRIL 8, 2024

has released its “Top Producing REALTORS®,” for March 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Jason is also a member of Lamacchia’s 2021 , 2022 , and 2023 President’s Club.

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Realtors Realty Real Estate Agents 71

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. million in September 2021.

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Mortgage Sellers Contracts Buyers 395

Housing Wire

OCTOBER 11, 2021

For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.

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Realtors Mortgage Housing Market Real Estate 545

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

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Buyers Mortgage Loan Officers Retail 449

Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Still, second-home mortgage rate locks are holding steady at more than double pre-pandemic levels. from a year earlier.

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Mortgage Inventory Contracts Buyers 441

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”. for the past two weeks.

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Mortgage Inventory Construction Technology 441

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. higher than last year.

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Mortgage Loan Officers Inventory Retail 378

Housing Wire

MAY 23, 2022

Full-service lender Cherry Creek Mortgage announced Rick Hogle has joined the company as its chief revenue officer. Hogle began his mortgage career in 2001 at New Century Mortgage , where he became a branch manager. How to make digital marketing easy and effective for mortgage professionals.

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Mortgage Retail Insurance Development 363

Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country. “We were in the dark for way too long.

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Clients Real Estate Agent Technology Loan Officers 345

Housing Wire

MAY 27, 2021

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery.

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Mortgage Inventory Housing Market Construction 457

Housing Wire

JUNE 8, 2021

The HW Insiders program is for the operational all-stars within the housing economy who do the leg work and make the mortgage industry tick, but rarely get the credit. The post The 2021 HW Insiders Nominations are now open! Under Bremer’s supervision, CoreLogic has automated 94% of its core flood determination service. .

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Real Estate Development Insurance Government 219

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). The question is when are rates going to come down?”

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.

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Sellers Realty Insurance Realtors 432

Housing Wire

MAY 4, 2022

Black Knight’s Optimal Blue is looking to court mortgage brokers with its new pricing feature that provides up-to-date rates on its cloud-based loan servicing platform. Cracking the code on marketing to the realtor channel. and Thomas H.

Mortgage 353

Mortgage Real Estate Agent Investors Design 353

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. 4, 2019 and the present. These allegations are absurd.

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Realty Realtors Brokerage Real Estate 418

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

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Sellers Realty Insurance Realtors 282

Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Generational nuances.

Mortgage 378

Mortgage Loan Officers Technology Real Estate 378

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1% by the year-end.

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Mortgage Housing Market Buyers Sellers 413

Housing Wire

JANUARY 27, 2023

according to data released Friday by the National Association of Realtors (NAR). Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” compared to December 2021. The new normal for mortgage rates will likely be in the 5.5% falling 6.5%

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Contracts Realtors Mortgage Buyers 414

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints.

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Buyers Inventory Realtors Mortgage 392

Housing Wire

SEPTEMBER 25, 2023

mortgage sales and origination team, according to the news outlet, citing two former employees who were affected by the latest downsizing. About 75 employees are left on the mortgage origination team in the U.S. For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace.

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Insurance Technology Finance Mortgage 401

Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools. Other notable MLSs in the program include Bright MLS , the Houston Association of Realtors and Georgia MLS.

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Tools Technology Real Estate Training 362

Housing Wire

MARCH 28, 2024

For comparison, Better’s production volume was $11 billion in 2022 and $57 billion in 2021, when interest rates were lower and refinance opportunities were plentiful. Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product.

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Loan Officers Technology Investing Realtors 381

DataMaster

JANUARY 15, 2021

Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong! Is this rate of selling sustainable for 2021?

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Appraisal Construction Business Real Estate 147