Housing Wire

AUGUST 28, 2020

A spokesperson for Opendoor told HousingWire that the company is looking to staff its Home Reserve platform with independent contract agents, not salaried agents. In 2018, the firm acquired Dallas-based discount brokerage Open Listings for an undisclosed sum. The company, armed with $1.5

Brokerage 538

Brokerage Real Estate Agent Agents Real Estate 538

Housing Wire

MARCH 19, 2024

Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. In Atlantic Trust’s latest motion to dismiss UWM’s suit in March, the amendment to the 2018 wholesale broker agreement is “undisputedly not signed” by either party and UWM doesn’t allege that the amendment was ever signed. district court in Michigan.

Mortgage 445

Mortgage Law Brokerage Legal 445

Housing Wire

JUNE 1, 2022

for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Mortgage applications decreased to its lowest level since December 2018, as the purchase market continues to struggle with supply and affordability challenges.”.

Mortgage 459

Mortgage Contracts Retail Marketing 459

Housing Wire

JANUARY 29, 2024

The lawsuit states that Atlantic Trust signed a wholesale broker agreement with UWM in January 2018 but agreed to amend the contract to add the “All-In Initiative” in December 2022. Therefore, we will follow the agreed upon contract and win damages.” UWM on Thursday when filed a lawsuit in a U.S.

Contracts 468

Contracts Loan Officers Lending Retail 468

Housing Wire

JUNE 5, 2024

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased from 7.05% to 7.07%, with points increasing from 0.63 Even at the highest demand levels in 2024, purchase mortgage applications are about 45% lower compared to the same weeks in 2018 and 2019. the week prior.

Mortgage 480

Mortgage Government Contracts Lending 480

Housing Wire

OCTOBER 10, 2023

There were actually more sales contracts started this week than a year ago. There are only 327,000 single-family homes under contract now. More listings are coming off market One number that’s fascinating to watch is the proportion of listings withdrawn from the market versus those going under contract each week.

Mortgage 482

Mortgage Inventory Contracts Sellers 482

Housing Wire

MAY 18, 2022

This happened in 2013-2014, and in 2018 when mortgage rates moved toward 5%. As you can see below, the housing demand data from 2002 to 2005 was never apparent in any housing data lines from 2018 to 2022. Housing in 2020 and 2021 benefited from rates between 2.5% – 3.75% , which gave buyers more purchasing power.

Mortgage 493

Mortgage Construction Contracts Housing Market 493

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. However, on Oct. loanDepot filed the lawsuit on Oct.

Contracts 435

Contracts Legal Retail Training 435

Housing Wire

DECEMBER 10, 2021

At this moment, about 25% of properties are going into contract essentially immediately every week (around 20,000 of them within hours or days of listing) — even as supply and transaction volume declines through the end of the year. I actually expected immediate sales to be dropping at this point, but it isn’t.

Housing Market 543

Housing Market Marketing Inventory Sellers 543

Housing Wire

JANUARY 27, 2022

The lawsuit alleges that, between 2010 and 2018, Wells Fargo failed to detect errors in its automated system to determine whether consumers in default would be eligible for loan modifications with Fannie Mae or Freddie Mac , or under the U.S. The benefit distribute date is currently scheduled to occur on March 15.

Mortgage 435

Mortgage Government Contracts Tools 435

Housing Wire

SEPTEMBER 16, 2024

In an email, Keller Williams confirmed that this agreement settles all of the breach-of-contract lawsuits filed against it by attorneys at the law firm of Humphrey, Farrington & McClain PC.

Brokerage 448

Brokerage Legal Design Agents 448

Housing Wire

FEBRUARY 6, 2024

The defendants allegedly demanded between 10% and 20% of the contract value, with amounts ranging from $500 to $2,000 depending on the size of the contract. By 2018 , NYCHA had approximately 13,000 employees serving an estimated 173,946 families, or nearly 400,000 authorized residents. We will continue our work with the U.S.

Contracts 448

Contracts Law Development Business 448

Housing Wire

FEBRUARY 12, 2024

The Raumakers began their career in real estate in 2016 at Keller Williams before joining eXp Realty in 2018 and launching The Home Squad. “In in violation of their contract. When we add agents from both traditional and non-traditional brokerages, it’s validating and a testament to how our model is working and unlike any other.”

Real Estate 435

Real Estate Marketing Brokerage Realty 435

Housing Wire

JANUARY 21, 2022

The other plaintiff, Bishop, refinanced his property in Gaithersburg, Maryland, in 2010, with the contract saying payments should be made at an address in Irvine, California, or other places as the lender designated in writing. Carrington started to retain Bishop’s loan payments in 2018.

Law 435

Law Contracts Mortgage Design 435

Housing Wire

NOVEMBER 16, 2021

As part of that effort, Redwood Trust has partnered with Palo Alto, California-based Point , a fintech firm that markets a product called a home-equity investment contract, or an HEI. The HEI contracts provide homeowners with cash upfront in exchange for a contract providing Point with a slice of the homeowner’s equity.

Investors 434

Investors Marketing Contracts Investing 434

Housing Wire

SEPTEMBER 7, 2023

Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

Legal 418

Legal Brokerage Real Estate Modernization 418

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 370

Inventory Contracts New Listings Buyers 370

Housing Wire

NOVEMBER 16, 2023

The lender, which became a CDFI in 2018, claims it has funded over $25 billion in loans to over 75,000 families. Change sued the CDFI Fund in late August, complaining about the Fund’s analysis. A federal judge sided with Change in September, allowing the lender to continue its mortgage offerings until at least December.

Lending 447

Lending Finance Contracts Development 447

Housing Wire

MAY 3, 2021

The complaint – which proposes a class of every single real estate agent who signed a contract with Compass in the last four years – is brought by Lisa Sheppard and Todd Sheppard, a sales team that operated a boutique brokerage in Sonoma County and has since moved onto Sotheby’s International Realty.

Agents 418

Agents Brokerage Real Estate Agent Real Estate 418

Housing Wire

MAY 4, 2022

“Treasury yields eased slightly last week but remained close to 2018 highs, as financial markets await the news from the Federal Reserve on its latest plans for rate hikes and reducing its balance sheet holdings,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. percent, up from 4.89

Mortgage 370

Mortgage Contracts Retail Inventory 370

Housing Wire

MAY 4, 2021

Caroline Reaves, CEO of property services provider Mortgage Contracting Services , announced her retirement on Tuesday after leading the company for 14 years. Because of her contributions to the market, Reaves was also named a HousingWire Women of Influence in 2018.

Contracts 377

Contracts Development Business Mortgage 377

Housing Wire

JANUARY 26, 2024

While labor is the priority when it comes to reducing costs, cutting down lease costs and making use of the hybrid work model; reviewing vendor contracts; and weeding out plug-ins with high costs and low adoption rates are needed, according to the report. million as of Q3 2023.

Mortgage 488

Mortgage Contracts Business 488

Housing Wire

FEBRUARY 7, 2022

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts. Unison also shares some of the downside if the property loses value over the course of the contract.

Investing 368

Investing Marketing Contracts Investors 368

Housing Wire

NOVEMBER 15, 2023

In 2018, it acquired Franklin American Mortgage. In a letter sent to a broker parter that HousingWire reviewed, Citizens said the contract has been terminated according to the terms of the agreement after the close of business on Wednesday. A spokesperson for Citizens did not immediately reply to a request for comments. year over year.

Retail 468

Retail Mortgage Finance Contracts 468

Housing Wire

NOVEMBER 3, 2023

Since becoming a CDFI in 2018, Change has funded more than $25 billion in loans to more than 75,000 families, according to the lender. Change accused Levine of committing fraud and breaching his contract with the firm to advance his scheme to extort Change and its principals for over $10 million.

Lending 435

Lending Finance Legal Contracts 435

Housing Wire

APRIL 27, 2022

Overall application activity fell to the lowest level since 2018,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 5.37% from 5.20%. from the prior week and was down 16.6%

Housing Market 397

Housing Market Mortgage Marketing Retail 397

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. Similarly, in 2018 and 2019, mortgage rates rose to 4.75 We would contract builders to construct housing and directly through any weakness in housing demand or period of higher mortgage rates.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

JUNE 29, 2024

2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like. Here are the price-cut percentages for last week over the previous few years: 2024: 38% 2023: 32% 2022: 31% Pending sales Below is our weekly pending contract data year-over-year to show real-time demand.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

FEBRUARY 2, 2021

In a Friday brief, the coalition alleged the charges by PHH are “illegal” and “improper” because the authorization of these fees cannot be found in the mortgage contracts. ” “PHH’s sole purpose is to collect and process homeowners’ payments, which it already makes millions of dollars from each year. “We

Mortgage 407

Mortgage Legal Law Contracts 407

Housing Wire

OCTOBER 12, 2023

RW: A lot of vendor contracts are just killing mortgage companies right now, because they’re stuck in these multiyear contracts with minimum standards. You’re signing a contract in 2020-2021 when the industry is doing $3.5 That hot tech thing you had to have in 2018? That model just doesn’t work.

Mortgage 448

Mortgage Technology Contracts Realtors 448

Housing Wire

AUGUST 28, 2023

Since becoming a CDFI in 2018, The Change Company has funded over $25 billion in loans to more than 75,000 families, according to the firm. The former chief-of-staff is seeking damages for alleged wrongful termination, whistleblower retaliation and breach of contract.

Lending 370

Lending Design Finance Contracts 370

Housing Wire

FEBRUARY 24, 2021

In 2018, the state of Washington passed a law making it easier for homeowners to modify these restrictive covenants, striking the discriminatory language from the title of their property. As noted in the Seattle Civil Rights and Labor History Project , racial deed restrictions became commonplace after 1926 when the U.S.

Law 434

Law Real Estate Contracts Brokerage 434

Housing Wire

JULY 17, 2023

The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. This is a rate about the same as 2018 or 2019 for example. There are now 378,000 single-family homes in the contract pending stage. This is what a soft landing looks like. There was no crash.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

JANUARY 12, 2021

.” Houston, according to multiple listing service data, is selling homes above price at triple the rate of 2019, and Cunningham added that the number of homes going under contract within 30 days of listing has increased by 50%. This followed the creation of a title and escrow unit, dubbed Orchard Title, in the fall of 2018.

Contracts 317

Contracts Real Estate Lending Inventory 317

Housing Wire

JULY 27, 2022

Trident, which ceased doing business in 2021, will have to contract with a lender to open offices in minority areas and conduct outreach. It must also contract with a lender to administer $18.4 To resolve the DOJ and CFPB’s claims of redlining, Trident will pay $18.4 Trident will also pay a civil penalty of $4 million to the CFPB.

Loan Officers 418

Loan Officers Mortgage Law Contracts 418

Housing Wire

SEPTEMBER 3, 2022

Even though the builders are going to stop producing new single-family homes that aren’t already under contracted, they need to have the labor to finish the homes that have been started on or under contract and not started on yet. Growth rate of inflation falls, and the Fed stops hiking rates and reverses course, as it did in 2018.

Contracts 493

Contracts Construction Marketing Design 493

Appraisal Buzz

FEBRUARY 14, 2025

The same survey found just 54% of sellers then bought a home, the lowest share since 2018 and down from 70% last year. Almost 23% of sellers cut the price of their listing last month, the largest portion for any January since 2018, when Zillow began tracking the metric. However, regional variation in competition is massive.

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Sellers New Listings Buyers Home Value 268