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Tane Cabe joins C2 Financial’s reverse mortgage division

Housing Wire

Tane Cabe Prior to joining Fairway in 2022 as the reverse division’s business development manager for the Home Equity Conversion Mortgage (HECM) for Purchase program, Cabe served as VP of 55places Mortgage and as a branch manager for Churchill Mortgage originating HECM and standard home loans. “C2

Mortgage 411
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Three in four baby boomers don’t use homebuyer resources

Housing Wire

But a significant portion of this generation remain renters and are utilizing homeownership tools less frequently than younger age groups. Department of Housing and Urban Development , have become essential for borrowers of all ages as higher interest rates and down payment requirements have eaten into affordability.

Tools 472
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

“We were completely blown away by the tools and technology and the culture of RE/MAX,” Owen Boone, RE/MAX Foxfire’s vice president and director of operations, said in a statement. RE/MAX Foxfire has 165 agents , who collectively closed nearly $400 million in sales volume in 2022, according to the brokerage.

Brokerage 398
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Path Software launches new TPO capability

Housing Wire

Calyx has developed a new third-party origination (TPO) functionality for Path Software called Path TPO, the company announced Tuesday. The new capability, which is cloud-based, can be accessed through and integrates with a client’s existing Path platform. It is included in Calyx’s solutions like Zenly and Path.

Clients 343
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How to protect your title company from wire fraud

Housing Wire

According to the FBI’s 2022 Internet Crime Report , the problem is only worsening, with an 86% increase in monetary losses in the real estate industry since 2020. According to the 2022 FBI report , phishing is the most prevalent tactic used for wire fraud today, affecting over 300,000 victims. billion in 2022.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. What is reverse purchase financing?

Finance 467
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The state of the homebuilding market

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. 2022 marked a unique time for homebuilders. of builders who experienced an increase in their sales revenue in 2022. homebuilders relied on subcontractors to manage their business in 2022. This number is expected to increase to 72% in 2023.

Marketing 480