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Impac Mortgage Holdings repositions as broker shop 

Housing Wire

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. The Company has no intention of engaging in systematic, non-economic activities,” Mangiaracina added.

Mortgage 337
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NYSE American to delist Impac’s common stock

Housing Wire

The company will now operate as a mortgage brokerage, giving up its retail consumer direct lending division and winding down its third-party origination (TPO). In March, Impac announced changes to the business.

Brokerage 299
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Fairway breaks silence on UWM’s ultimatum

Housing Wire

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. Then you might as well just go work for UWM retail. “My business is not designed to make my competitors like me, especially retail competitors,” he said.

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Housing Market Tracker: Inventory falls even lower

Housing Wire

Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. The housing market tracker is designed to give an outlook for the future, and as I have written, the housing market dynamics changed starting Nov.

Inventory 520
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Best real estate apps for agents in 2024

Housing Wire

Instead of generic design templates, LCA Marketing Center’s templates are designed for agents, by agents. The app allows you to quickly choose and edit design templates for social media, flyers, postcards, and even signs and business cards — all from your phone.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

Office buildings, retail spaces, industrial complexes and other CRE properties generally command higher price tags and offer greater revenue-generating potential compared to residential properties. buyers and sellers) in a residential deal.

Brokerage 361
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Sun West unveils NFT loan powered by AI technology

Housing Wire

The NFT is property agnostic, backed by real dollars and guaranteed by Sun West , which is one of the largest nonbank mortgage companies in the country, licensed in 48 states with a network of some 80 retail branches. To ensure the NFT is traded as agreed, the NFT seller (homebuyer) has two choices.