Housing Wire

AUGUST 3, 2023

“As of quarter end, 99% of the homes we made offers on between March and June of last year were sold or under resale contract and our new book of inventory is generating positive unit economics in what continues to be an uncertain time in the U.S. housing market,” Wheeler said.

Inventory 370

Inventory Contracts Sellers Housing Market 370

Housing Wire

MARCH 10, 2023

While equity gains contracted in late 2022 due to home price declines in some regions, U.S. Looking ahead, based on the Q4 2022 book of mortgages, if home prices fall by 5%, 215,000 more properties would fall underwater. million homes or roughly 2.2% of all mortgage properties in the fourth quarter of 2022.

Contracts 370

Contracts Housing Market Mortgage Marketing 370

Housing Wire

SEPTEMBER 1, 2020

With interest rates at historic lows and a rush on the suburban market, lenders in New York City and its bedroom communities are working overtime to process what they say is an unprecedented book of business. “People are out there, they’re looking for the best deal.” The rest of this content is for HW+ members.

Loan Officers 404

Loan Officers Retail Lending Contracts 404

Housing Wire

DECEMBER 4, 2020

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. Especially when contract interest rates for refis are below 3%. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

Mortgage 506

Mortgage Contracts Construction Inventory 506

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 413

Mortgage Real Estate Inventory Construction 413

Housing Wire

AUGUST 31, 2022

So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients.

Agents 370

Agents Real Estate Technology Clients 370

Housing Wire

MAY 3, 2022

According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter. The segment’s pre-tax income dropped 68.5% quarter-over-quarter to $55.9 But there are some reasons to be optimistic about NRIC’s future performance.

Retail 369

Retail Investing Real Estate Mortgage 369

Housing Wire

NOVEMBER 2, 2022

Until that happens, Rithm’s goal will be to “protect our balance sheet, maintain book value, maintain higher levels of liquidity and reduce expenses in our operating business lines while we drive consistent earnings and dividends for our shareholders,” Nierenberg said. .

Investing 393

Investing Real Estate Business Contracts 393

Housing Wire

OCTOBER 17, 2022

Bank of America delivered increases in revenues and net income in the third quarter of 2022, showing that some of its business lines were not walloped by high levels of inflation and economic contraction. Bank of America had $229 billion in outstanding residential mortgages on its books through Sept. Overall, the bank recorded $7.1

Mortgage 392

Mortgage Contracts Business 392

Housing Wire

DECEMBER 26, 2023

And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. Topics include basic real estate practices & principles, real estate law, financing, brokerage, contracts, closings + more Required 30 hrs of post-licensing coursework. Includes The Adventure Guide book.

Real Estate 414

Real Estate Real Estate Agent Design Law 414

Housing Wire

AUGUST 28, 2020

Pool installers in Dallas are booked solid for the next year or two, Trusler said. In Connecticut, nearly a third of homes that went under contract between March and early July had a swimming pool, according to a recent analysis by Coldwell Banker. It’s helped spur homebuyers to search for homes with pools and outdoor amenities.

Real Estate Agent 471

Real Estate Agent Real Estate Agents Buyers 471

Housing Wire

JUNE 9, 2021

“You will now have the choice of either channel or may contract for both options.”. Texas Capital Bank is selling its entire $14 billion book of mortgage servicing rights and the correspondent platform to PHH Mortgage , a subsidiary of Ocwen Financial Corp , for a “modest profit.”

Lending 370

Lending Retail Business Contracts 370

Housing Wire

FEBRUARY 15, 2024

The biggest thing in my area still seems to be the folks with existing mortgages that are finding a way to get that mortgage out of their hair and get that monthly payment off the books.” I’m trying to reach out to home care providers and even contractors too,” he said.

Mortgage 403

Mortgage Clients Business Law 403

Housing Wire

MAY 10, 2022

. “In the second quarter, we’ve taken significant cost reduction measures that included implementing a voluntary career transition program to certain team members; reducing our production costs including renegotiating large vendor contracts; and shifting our marketing spending,” Farner said. Rocket has 2.6

Contracts 393

Contracts Mortgage Clients Investing 393

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.” million to 1.28

Inventory 450

Inventory Housing Market New Listings Mortgage 450

Housing Wire

MARCH 15, 2023

” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. “While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.”

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

DECEMBER 21, 2021

Retail people don’t get laid off as much because they own their book of business. However, when every mortgage lending forecaster, economist and expert analyst is predicting less volume and margin contraction, leaders must react,” he said.

Loan Officers 433

Loan Officers Retail Business Mortgage 433

Housing Wire

AUGUST 14, 2023

This momentous shift dismantled the barriers that once confined inventory to cumbersome books where practitioners were no longer at the mercy of brokers who held real estate data hostage for their own advantage.

Real Estate 370

Real Estate Real Estate Agent Marketing Technology 370

Housing Wire

NOVEMBER 13, 2023

Course E-Book. Course also covers Florida Real Estate Law and Contracts, Valuation, appraisal, financing, federal income tax laws, zoning and planning, environmental issues & more. Digital Flashcards and Hundreds of Practice Questions Narrated Online Course with Chapter Quizzes and End of Course Practice Exam.2

Real Estate 433

Real Estate Real Estate Agent Agents Law 433

Housing Wire

APRIL 13, 2021

That’s especially important during the pandemic, when it’s more likely that buyers and their agents are required to book individual appointments to tour homes, she said. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

Sellers 404

Sellers Buyers Real Estate Agent Real Estate 404

Housing Wire

APRIL 15, 2021

Brian Hommel, owner of Saugerties-based Brian Hommel Home Improvement , said his company is booked until September 2022 — and most clients are fine taking the appointments that late. “Honestly, everyone out here should be booked up for at least six to eight weeks with how much demand there is.”

Housing Market 393

Housing Market Marketing Transportation Realty 393

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. While e-commerce first emerged in 1979, it erupted with the introduction of Book Stacks Unlimited, an online bookstore created by Charles Stack in 1992.

Retail 393

Retail Real Estate Clients Modernization 393

Cleveland Appraisal Blog

NOVEMBER 14, 2022

To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with. You might write and revise these contracts in Word, but once they’re done, you should use a Word-to-PDF converter. It’s easy to get overwhelmed by the scope of a development project.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Housing Wire

APRIL 30, 2021

“A lot of people list their home as ‘Coming Soon’ on Monday, go live on Friday, consider all their offers Sunday, and the house is under contract by Sunday evening,” Diaz said. “And in that timeframe they’ll get 12 to 15 offers, at least.” “COVID just accelerated everything.”

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

SEPTEMBER 14, 2022

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. The prior Beige Book report , released in July, was based on information collected on or before July 13.

Construction 370

Construction Real Estate Inventory Supply Chain 370

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts. Risk mitigation is critical right now on all levels,” Stephens added. “In

Buyers 393

Buyers Sellers Finance Contracts 393

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Why you need this book Have you ever had to appraise a home with “no comps”? A home modified for handicapped access?

Appraisal 85

Appraisal Real Estate Valuation Contracts 85

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 414

Inventory Housing Market Marketing Construction 414

Housing Wire

DECEMBER 7, 2023

Exam Prep: The Basic Prelicensing package features three e-books and a course manual designed to help you retain essential real estate concepts and prepare for the state exam. Audio book, eBook, 1100+ practice questions, 24/7 on demand classes & Livestream online classes. 25 hrs livestream access. 40 hrs livestream access.

Real Estate 403

Real Estate Real Estate Agent Law Brokerage 403

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. The information and data for the current Beige Book – released in November – was collected on or before November 23.

Housing Market 370

Housing Market Marketing Construction Inventory 370

Housing Wire

FEBRUARY 15, 2024

The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023. In a lot of cases, the seller is not going to wait 45 to 60 days when they have an offer on a 30-day contract,” said Adrian Gastelum, a senior vice president and branch manager at Nova Home Loans.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Housing Wire

MARCH 26, 2023

With this new variable, I am looking at the economic data differently to see whether we get the credit contraction the Fed wants to see to stop inflation, or if they have the tools to keep the banking crisis at bay so the economy can expand, making their fight against inflation harder. What happened last year will go into the record books.

Inventory 442

Inventory Housing Market Marketing Mortgage 442

GoForrmz

OCTOBER 26, 2022

From ordering food to booking a ride, we can do just about anything at our fingertips. Buyers and sellers can be in completely different parts of the world and still access their contracts at any time! With GoFormz, you can instantly populate information into rental applications, contracts, and other documents.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

APRIL 3, 2023

Given the impact of the banking crisis and a likely lending contraction to come in that sector as a result, the Federal Reserve’s rate-hiking campaign to stem inflation is expected to end soon , market observers contend. No, it’s not.” The GSEs include Fannie Mae , Freddie Mac and Ginnie Mae.) “We

Lending 381

Lending Mortgage Business Contracts 381

Miller Samuel

AUGUST 19, 2020

These issues would be no one’s business were this organization not receiving guaranteed annual public grants, tax-exempt status and allowed to wield a government-authorized publishing franchise and contracts with the U.S. The book is available at Amazon in paperback and Kindle versions.

Appraisal 221

Appraisal Government Contracts Business 221

McKissock

JULY 6, 2022

I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing. For buyers, they need a clear understanding regarding booking showings and the implied commitment of time that appointments have. They should be educated on loan costs, contract fees, inspection expenses, etc.

Clients 87

Clients Real Estate Contracts Sellers 87

Appraisal Today

MARCH 8, 2024

Armour likely got the idea for the shape of his home from the book A Home for All by noted phrenologist, sexologist, and amateur architect Orson Squire Fowler. Fowler extolls the merits of octagonal structures over traditional square or rectangular dwellings in his book. The average contract interest rate for 5/1 ARMs increased to 6.38

Appraisal 81

Appraisal Contracts Real Estate Housing Market 81