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Why investors believe CoStar holds a big advantage post-NAR settlement

Housing Wire

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

Investors 457
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Moody’s reaffirms ‘above-average’ quality rating for reverse mortgage servicer Celink

Housing Wire

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. Celink assumed control of the HECM servicing contract with HUD in late 2022. It also added Altisource to help manage its HECM portfolio.

Mortgage 407
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LoanCare to implement Black Knight loss mitigation solution

Housing Wire

LoanCare , which services loans for banks, credit unions, independent mortgage companies and portfolio investors, also renewed its contract for Black Knight’s mortgage service software MSP, which includes the system’s abilities to integrate with technologies and data, regulatory updates, and client-owned data protection.

Clients 369
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CrossCountry snatches top loan officer Chris Keelin

Housing Wire

Being a consultant has helped Keelin retain and grow his client base, especially in his main markets of New Jersey and Florida. Another strategy Keelin advises his team members is to have a diversified portfolio, targeting both first-time buyers and investors. They (investors) are not scared of interest rates. Keelin noted.

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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 384
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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Communicate effectively with clients Proactive communication — answering the question before it’s asked, or offering solutions to impending problems — is key. But don’t kid yourself.

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Private Investors Seeking Retail Real Estate

McKissock

We also saw investors purchasing retail properties such as Watters Creek in Texas, Galleria Edina in Minnesota, and Promenade at Carolina Reserve in South Carolina. Why Private Investors Want Commercial Real Estate. Private investors are moving towards investments in the retail sector because of shifts in how consumers behave.

Retail 73