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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

” Unnamed agent in recorded call with REX Not showing clients properties because they have below-market commission rates is an example of “steering,” a practice that is often alleged about buyer agents and just as often denied by broker firms and associations. So I’m not going to show properties that do that.”

Clients 458
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Flagstar reports data breach affecting 1.5 million clients

Housing Wire

Hackers stole the personal information of 1,547,169 clients of Michigan-based Flagstar Bank in December, according to a document sent by the financial institution to the Office of the Maine Attorney General. 4, 2021, but the company discovered it on June 2, 2022, the document shows. million clients appeared first on HousingWire.

Clients 431
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The 2022 housing market: A tale of two halves

Housing Wire

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? With homes taking longer to sell, due in part to higher mortgage rates, buyers in 2022 had negotiating power to get concessions or credits to lower rates down for a limited period. over asking price.

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Stronghill Capital shuts down consumer, correspondent lending

Housing Wire

The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He said Stronghill is in the process of alerting clients whose loans were in the pipeline so they could transition to another lender.

Lending 447
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Nominations for the 2022 HousingWire Tech Trendsetters award close tomorrow!

Housing Wire

These are the tech leaders who are driving innovation and modernization for their mortgage and real estate clients. Take a look through some of our past honorees to see their list of accomplishments and don’t forget to nominate a 2022 Tech Trendsetter before it’s too late!

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Take more time, ask better questions: How loan officers are getting clients in homes as rates soar

Housing Wire

Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. The client requested a cost analysis to compare monthly payments on a mortgage at 7.5% In that client’s case, it made sense to pay to do a permanent buy down,” Barnes said. versus a 6.5%

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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

It was late 2022 and Mike was feeling the pressure. You feel out a prospective client during the initial conversation, get a sense of whether they know how everything works, if they’ve spoken to another lender, if they’re going to shop you, right? The lower comp rate stung. .” Where’s the CFPB?