Real estate

American Financial Network and zavvie team up to turn more buyers into cash buyers

Retrieved on: 
Tuesday, April 2, 2024
Growth, EVP, Partnership, Risk, NMLS, Research, Housing, Equal housing lender, National Association, AFN, GCI, Real estate

By partnering with zavvie, AFN aims to help turn more buyers into "cash buyers" through more than 1,150 trusted loan originators in 240-plus offices nationwide.

Key Points: 
  • By partnering with zavvie, AFN aims to help turn more buyers into "cash buyers" through more than 1,150 trusted loan originators in 240-plus offices nationwide.
  • According to the National Association of Realtors, cash buyers surged to a decade-high last month .
  • Home buyers paying cash accounted for nearly one in three home sales (32 percent) in January, the highest share since 2014.
  • “Making more buyers cash buyers creates more business for AFN’s trusted loan originators, and we know that zavvie Cash Offer programs increase loan officer business activity.

Homepie offers No Commission Home Sales In Wake of Anti-Trust Commission Suit

Retrieved on: 
Tuesday, April 2, 2024
SIMI, Marketing, FSBO, Empowerment, Real estate

Homepie allows home sellers to list their home, and buyers to purchase homes commission free.

Key Points: 
  • Homepie allows home sellers to list their home, and buyers to purchase homes commission free.
  • Having already made waves in California and Florida, Homepie is empowering consumers nationwide to buy and sell homes directly, bypassing the traditionally expensive commission fees.
  • "The recent commission lawsuits have underscored the viability of our model as the future of real estate."
  • To learn more about Homepie and join the FSBO revolution, visit www.homepie.com .

Mortgage Rates Drop Slightly

Retrieved on: 
Thursday, March 28, 2024
Consumer, Freddy, FRM, OTCQB, Freddie Mac, Housing, FMCC, Real estate

MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent.

Key Points: 
  • MCLEAN, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent.
  • “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist.
  • “We also are seeing encouraging data on existing home sales, which reflects improving inventory.
  • Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates will come down further.”
    The 30-year FRM averaged 6.79 percent as of March 28, 2024, down from last week when it averaged 6.87 percent.

Pending Home Sales Rose 1.6% in February

Retrieved on: 
Thursday, March 28, 2024
Growth, NAR, Real estate

Month over month, contract signings climbed in the Midwest and South but sank in the Northeast and West.

Key Points: 
  • Month over month, contract signings climbed in the Midwest and South but sank in the Northeast and West.
  • Compared to one year ago, pending home sales declined in all U.S. regions.
  • Pending home sales in February grew 1.6%, according to the National Association of Realtors®.
  • The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 75.6 in February.

Cost of adding undue energy conservation measures reach tipping point: RESCON

Retrieved on: 
Wednesday, March 27, 2024
Electricity, Climate change, Tax, Country Homes, Washington, Policy, Housing, Analysis, Natural Resources Canada, Real estate

“Through regulatory mandates, there is a move to fully electrify all new buildings and homes to meet net-zero targets in order to combat climate change,” says RESCON president Richard Lyall.

Key Points: 
  • “Through regulatory mandates, there is a move to fully electrify all new buildings and homes to meet net-zero targets in order to combat climate change,” says RESCON president Richard Lyall.
  • Findings showed discrepancies between annual energy use simulation software and the homes’ actual performance, consuming more energy than predicted.
  • Given the ongoing housing affordability crisis, the limited energy savings homeowners realize from added conservation measures do not always justify the incremental construction costs imposed on new housing.
  • RESCON is the province’s leading association of residential builders committed to providing leadership and fostering innovation in the industry.

Southeastern Bank and Federal Home Loan Bank of Atlanta Award $270,000 Grant to Support Temporary Housing for Homeless Veterans

Retrieved on: 
Wednesday, March 27, 2024
Mental, Bank, Senior, Veteran, Housing, Federal Home Loan Banks, Real estate

DARIEN, Ga., March 27, 2024 (GLOBE NEWSWIRE) -- Southeastern Bank and the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that a $270,000 grant has been awarded to Golden Isles Veterans Village, a development of 30 tiny homes and a community center for homeless veterans in Brunswick, Georgia.

Key Points: 
  • DARIEN, Ga., March 27, 2024 (GLOBE NEWSWIRE) -- Southeastern Bank and the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that a $270,000 grant has been awarded to Golden Isles Veterans Village, a development of 30 tiny homes and a community center for homeless veterans in Brunswick, Georgia.
  • The funds from FHLBank Atlanta’s Multifamily Housing Bridge Fund (Bridge Fund) were awarded to Golden Isles Veterans Village through Southeastern Bank, which is a member of FHLBank Atlanta.
  • “Southeastern Bank has a long history of serving our communities beyond our financial products and services,” said Jay Torbert, CEO of Southeastern Bank.
  • Golden Isles Veterans Village is among 28 projects that received funding from FHLBank Atlanta through member banks like Southeastern Bank, which applied for Bridge Fund grants to support their communities.

Budge Huskey Debunks the Myths of the NAR Settlement

Retrieved on: 
Tuesday, March 26, 2024
Tax, Environment, Trust, Sale, MLS, National Association, Emotion, Economics, National Association of Realtors, Real estate

Budge Huskey, president and chief executive officer of Premier Sotheby’s International Realty shares the facts below for buyers and sellers.

Key Points: 
  • Budge Huskey, president and chief executive officer of Premier Sotheby’s International Realty shares the facts below for buyers and sellers.
  • Since the settlement announcement, there have been numerous articles and stories in the media on what this means for buyers and sellers.
  • False
    The settlement in no way establishes any standard or limitation on Realtors for what they may charge, nor the services they elect to deliver.
  • The settlement will, for the first time, allow sellers to no longer pay compensation for an agent bringing the buyer.

UMortgage Midwest Launches Journey to Create More Accessible Homeownership Opportunities For Midwestern Homebuyers

Retrieved on: 
Tuesday, March 26, 2024
Growth, Learning, Loan, Real estate

Led by Branch Managers, Ravi Patel and Justin Allen, UMortgage Midwest boasts a team of 20 experienced Loan Originators serving homebuyers throughout Ohio, Kentucky, Indiana, and beyond.

Key Points: 
  • Led by Branch Managers, Ravi Patel and Justin Allen, UMortgage Midwest boasts a team of 20 experienced Loan Originators serving homebuyers throughout Ohio, Kentucky, Indiana, and beyond.
  • By merging, UMortgage Midwest will align in its strategy to better serve homebuyers and real estate professionals throughout the midwest.
  • With a unified approach to the way it serves its buyers and partners, UMortgage Midwest is eager to help create more life-changing opportunities through homeownership for local homebuyers.
  • If you’re interested in learning more about UMortgage’s and UMortgage Midwest’s mission to create life-changing opportunities through homeownership, please visit www.umortgage.com.

Finsure Esigns With Annature

Retrieved on: 
Tuesday, March 26, 2024
Partnership, SOCA, Eye, CRM, Real estate

BRISBANE, Australia, March 25, 2024 (GLOBE NEWSWIRE) -- Leading aggregator Finsure Group has announced a new partnership with Australian esigning innovator Annature which enables faster and more secure loan applications and better service for its expanding broker network and their customers.

Key Points: 
  • “Prior to our partnership, we had kept a close eye on Annature for several years and really liked what they were doing.
  • “Partnering with Finsure just made sense, as their 3,000 strong network of mortgage brokers readily embrace technology.
  • “Since we formally launched the partnership with Finsure in December, we’ve already seen thousands of instances of the Annature esigning solution being utilised.
  • Whilst this has been incredibly pleasing, I believe we’ve only scratched the surface and am excited by what our partnership with Finsure will bring.”

Seward & Kissel Formalizes Private Credit Practice

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Other Professional Services, Legal, Finance, Consulting, Banking, Private credit, Negotiation, Real estate, Investment management, Private equity, Bankruptcy, Capital market, Investment, Security guard, Corporation, Bank

Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.

Key Points: 
  • Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.
  • The firm’s unrivaled experience in forming private credit funds provides unique value for private credit lenders across the entire life cycle of direct-lending funds.
  • “We regularly execute private credit transactions across various industries from food delivery services to medical staffing,” said Seward & Kissel Corporate Finance partner Sophia Agathis .
  • “This group formalizes our commitment to the private credit space and concentrates our knowledge in one interdisciplinary group for the benefit of asset managers, borrowers, and others involved in private credit transactions.”
    The new practice will reside within Seward & Kissel’s Corporate Finance practice and draw on the firm’s experience in areas including Investment Management, Credit Funds, Business Transactions, Capital Markets and Corporate Securities, Private Equity, Real Estate, Corporate Restructuring and Bankruptcy, and Tax.