More fallout: Compass and Redfin cut hundreds of jobs

Compass and Redfin each instituted layoffs Tuesday as economic conditions worsened. The next few days will be telling.

Agent, Real Estate, HW+ Exclusive Content

It wasn't so long ago that the housing market was characterized by YOLO, FOMO and 200-person deep lines at open houses. But a gradual slowdown that culminated in seismic shocks to the economy over the past week has changed the game for real estate agents and their clients. Here's how they're navigating the choppy waters.

Agent, Awards, Real Estate

The 2022 RealTrends + Tom Ferry America's Best Real Estate Professionals saw list growth explode 157% from last year.

Request mortgage-related charges, all in one place.

Appraisals. Credit checks. First month's payments. Nexus Pay gives you the power to manage customized payment requests without leaving the SimpleNexus platform. Watch the webinar

Sponsored by SimpleNexus

Mortgage

Fannie Mae will track refinance activity and application trends through its newly launched Refinance Application-Level Index (RALI).

Mortgage

Mortgage delinquency rates fell below the 3% mark in March, driven by a strong labor market and income growth.

Qualifying your clients with their most recent bank statements

Self-employed borrowers often face certain disadvantages when applying for a loan such as verifying income with tax returns rather than using business cash flow. While most companies only offer 12 or 24-month bank statements to qualify, Acra Lending also offers a 3-month bank statement program. Learn More

Sponsored by Acra Lending

Agent, Real Estate, Real Estate Enthusiasts 

Over half of homebuilders surveyed in the BTIG/HomeSphere State of the Industry Report saw a year-over-year decrease in sales in May.

Confident and Compliant: Using Social Media to Boost Business

How are the best producers boosting their marketing efforts? Join Mitch
Kider, Barry Habib, and Melissa Thomas for a FREE webinar, Using
Social Media to Increase Purchase Business While Staying Compliant, on 6/24, 12 PM EST. Register here.

Sponsored by ActiveComply

Mortgage

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency's ongoing effort to share risk with private-sector insurers.

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