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Nations Lending, Carpenter Realtors launch Commitment Mortgage

Housing Wire

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We Nations Lending originated $3.43

Lending 370
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Mortgage lending volume in 2020 likely to break records

Housing Wire

trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 The dollar-volume record will be boosted by $2.4

Lending 545
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Kendall Bonner named vice president of industry relations at eXp

Housing Wire

According to a company news release, Bonner “will focus on guiding eXp Realty agents through the significant shifts currently shaping the real estate industry, particularly in light of the recent National Association of Realtors settlement.

Realty 448
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CoStar Group hires Freddie Mac’s Christian Lown as CFO

Housing Wire

a student loan servicer he joined in 2003. CoStar believes its business model will succeed, given the recent commission lawsuit settlement by the National Association of Realtors. In the meantime, the enterprise has started the process to identify a successor. At CoStar, Lown will report directly to founder and CEO Andy Florance.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

First, more buyers are using agents in 2023 than in 2003. Lastly, Reffkin noted that since the Sitzer/Burnett jury verdict and the announcement of the National Association of Realtors’ nationwide commission lawsuit settlement agreement in March, the industry has not seen any rapid changes in consumer behavior.

Agents 468
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Lenders target growing Hispanic homeownership market

Housing Wire

In a survey conducted by the National Association of Realtors in 2021, 34% of new Hispanic homeowners “purchased a home between the ages of 18 and 24, as opposed to only 17% of the general population.”. CrossCountry, founded in 2003 by Ronald Leonhardt, has more than 8,000 employees with nearly 600 branches across 50 states.

Marketing 370
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How will Malibu wildfire affect California homeowners insurance?

Housing Wire

Anytime you have a fire in an area, the insurance carriers immediately stop writing business in that area, but then for years afterward, the appetite to come back in and ensure in that area dries up, said Paul Scalone, a San Diego-based realtor and insurance agent with Dignified Insurance Services.

Insurance 359