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A new source of affordable housing inventory: Private seller auctions

Housing Wire

New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. More inventory for boots-on-the-ground buyers Richards started investing in real estate in 2004 and discovered distressed property auctions in late 2019.

Sellers 349
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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. The post Risks of nonbank mortgage sellers and servicers revisited appeared first on HousingWire. I segmented the time periods into four underwriting regimes based on a machine learning technique clustering loan performance based on origination year and quarter.

Sellers 448
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Ishbia pledged UWM shares worth $4.6B to secure two loans prior to NBA deal

Housing Wire

The seller of the Suns Legacy Holdings , which owns the Phoenix Suns and Mercury, was Robert Sarver. The executive acquired both teams in 2004. The Bloomberg Billionaires Index shows Ishbia’s fortune dropped by $3.4 billion after the pledged shares were removed from his net worth calculation.

Sellers 418
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Consumer protection is what title insurance is all about

Housing Wire

Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. nationally since 2004, according to an analysis of industry financial statements.

Insurance 468
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Ishbia gets NBA Board of Governors’ blessing to buy the Phoenix Suns

Housing Wire

The seller is Robert Sarver, managing partner of Suns Legacy Holdings , which owns the Phoenix Suns and Mercury. The executive acquired both teams in 2004. The NBA said in a news release that the deal is expected to close this week, and both teams will change hands for the first time in 19 years.

Valuation 370
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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

Additionally, in the majority of states – so-called “seller pay” states – AOLs can increase expenses for consumers beyond what they would pay for title insurance. nationally since 2004 , according to industry financial statements.

Insurance 467
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Bay Area team bolts Compass for Side

Housing Wire

Created in 2004 by Barr Haney and Whitney Potter, OWN Marin generated $381 million in 2020 sales volume, the agent team reported, on 153 deal sides, meaning that the median home in which they represented seller or buyer was priced at $2.8

Brokerage 370