Once commission and other related expenses are subtracted, Realogy brought in $647 million in Q1. But its mortgage JV with Guaranteed Rate lost $3 million. What's next for the brokerage conglomerate?
April 29, 2022
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Once commission and other related expenses are subtracted, Realogy brought in $647 million in Q1. But its mortgage JV with Guaranteed Rate lost $3 million. What's next for the brokerage conglomerate?
D.R. Horton, the nation's largest homebuilder, reported "outstanding" Q2 earnings despite ongoing supply chain challenges, a tight labor market, and the uptick in mortgage rates.
Out of sheer necessity when the pandemic hit, RON and other digital closing solutions saw a massive uptick in use. However, Nathan Bossers, president of Boston National Title, said the changes and acceleration the industry saw during this time still isn't enough.
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Mom-and-pop investors, just like Wall Street players, have the appetite and the cashflow to make deals happen in a rising-rate environment. Here's where they're buying and how non-QM lenders are trying to capture their business.
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Purchase mortgage rates this week averaged 5.10%, down only one basis point from a week ago. A year ago at this time, 30-year fixed-rate purchase rates were at 2.98%.
Freddie Mac reported net income of $3.8 billion for the first quarter of 2022, an increase of 37% year-over-year, even as purchase and refinance activity continued to decline.
Mortgage lenders want—and more importantly—need new capabilities, innovation, and functional depth to be successful. Learn how updating your technology value chain with Polly can help you get ahead in today's unpredictable lending environment. READ FULL ARTICLE →
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Documents such as bank statements have no standard templates and make processing difficult. DocVu.AI's template-less income and liquid-asset calculation features recognize, read, extract, and analyzes data for fast and accurate underwriting. Visit DocVu.AI
On its first quarter earnings call on Thursday, CEO Fred Eppinger highlighted the firm's growth in Colorado as a prime example of how expanding in strategic markets has helped the company juice revenue and improve performance, even in a choppy market.
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