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Housing industry continues to shed employees in economic downturn

Housing Wire

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. Aurora, Colorado-based American Financing Corporation has started to layoff 63.6% American Financing Corporation originated $4.13

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What’s next after a historic housing boom?

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. What we’re starting to see is more of a cooling or a plateauing than a market correction.”. Boise is in a full-fledged housing crash!” on pace for 6.29

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Is the market pivoting ahead of the Fed?

Housing Wire

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming.

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Risk of mortgage fraud is on the rise in the current market

Housing Wire

Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did not qualify for the loans.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

I started at Redfin 12 years ago,” she said. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I And in 2017, I decided to go on full-time as a lead agent.”. It is high-volume work,” Alipour recalled. With a two-year-old, I couldn’t meet the quota,” she said. The pay wasn’t great.”.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Persons who started in sales but were not very good sometimes went into appraising. NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Compliance with the Equal Credit Opportunity Act. .

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Appraisals: Using Comps Across a Freeway?

Appraisal Today

Pulling comps from the other side of the freeway By Ryan Lundquist Excerpts: It can be a REALLY bad idea to pull comps from the other side of the freeway, but not always. Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. But it’s still not a major difference.