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William Raveis acquires Nantucket-based Jordan Real Estate

Housing Wire

Co-owners Gloria Grimshaw and David Callahan acquired the brokerage from founder Lucille Jordan in 2007. The brokerage opened a full-time office known as William Raveis Nantucket on the island’s historic Main Street in 2007. Several JRE agents serve on local boards and nonprofits across the island.

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The Similarities Between 2007 and Today

Appraisal Buzz

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.

Appraisal 418
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Data breach at Nations Direct Mortgage impacts 83,000 borrowers

Housing Wire

Founded in 2007, Nations Direct Mortgage is a direct seller to Fannie Mae , Freddie Mac and Ginnie Mae , according to its website. million clients at loanDepot in January. The wholesale lender notified impacted individuals of the data breach at the end of February.

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Opinion: Riding the wave

Housing Wire

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition. With only 1.3

Inventory 452
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Experts share insights about the Fed, data ‘vibes’ and housing trends

Housing Wire

In 2007, right around the time he started Altos Research, he was attending a conference where representatives of both companies were speaking. The Goldman representative was more open to hearing what he had to say, and 12 weeks later engaged with Altos as a client. More home sellers are also starting to enter the market.

Inventory 501
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Homepie CEO Brad Rice on making FSBO easier

Housing Wire

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. Traditionally, your FSBO seller just doesn’t want to work with agents and we show them that they’re missing out on a big segment of the market.

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With mortgage rate volatility, buyers can save by shopping around

Housing Wire

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage.

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