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In the Mid-Atlantic, more sellers are listing second homes and investment properties

Housing Wire

Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents.

Sellers 368
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Opinion: No benefit to home sellers is worth sacrificing first-time homebuyers

Housing Wire

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Last year, mortgage rates increased from 3% to 8% and home prices still increased in most markets.

Sellers 469
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Seller impersonation fraud threatens American homeownership

Housing Wire

In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.

Sellers 370
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Fairway makes new reverse mortgage investments, rejoins NRMLA

Housing Wire

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. To ‘lead by example’ “These strategic investments reflect our deep commitment to the future of our reverse mortgage business,” said Steve Jacobsen, CEO of Fairway.

Investing 424
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Home equity investment startup Splitero launches its own real estate brokerage

Housing Wire

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Launched in 2021, Splitero’s main focus is on home equity investments (HEI), which differs from home equity lines of credit (HELOC). Clients must retain a stake of at least 20% in their homes.

Brokerage 405
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments. The annual investment volume in the U.S.

Finance 435
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Mr. Cooper closes deal to acquire investment firm Roosevelt Management Company

Housing Wire

Nonbank mortgage lender and servicer Mr. Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., Financial terms were not disclosed due to a non-disclosure agreement with the seller. the company confirmed on Friday. residential markets over the last decade.

Investing 370