Author Archives: gmbestrealtor

Australian Mortgage Awards 2022 – Excellence Awardees revealed

The mortgage industry’s night of nights is returning as an in-person black-tie event in 2022 for the first time in three years. The Australian Mortgage Awards 2022 is the most important event on the industry calendar – it’s like the Oscars for mortgage and finance professionals. Now that COVID-19 is firmly in the rear-view mirror, […]

Real estate brokerage Radius moves into mortgage lending

A California real-estate firm and tech startup has added a mortgage brokerage division, making it the latest in a growing list of initiatives connecting the two industries.  San Francisco-based Radius, a real-estate brokerage and provider of tech-based services to real estate agents, recently began offering mortgage options to its home-state customers. The introduction of the […]

Homes are being marked down near the end of the summer, says Redfin CEO

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Glenn Kelman, Redfin CEO, joins ‘Closing Bell’ to discuss how bad the new home sales data truly is, what he is seeing in terms of trends and what this news means for Redfin’s stock. 03:40 Tue, Jul 26 20223:43 PM EDT source

Redfin: Mortgage Rates COLLAPSE | Housing Market

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AIME Academy aims to empower broker-owners, small brokerage shops

“The AIME Academy was created to specifically help broker owners and small broker shops, who often lack critical training support in-house,” Sweeney expounded in a separate prepared statement. “Our association is committed to helping our members effectively scale their businesses, and in order for the broker channel to continue to grow, we need to provide […]

US home prices hit record level (again) Phoenix, San Diego and Seattle again showed the highest price growth

Can lower mortgage rates stop the housing recession? Let’s look at the last two times this happened By DDA Mortgage • 05 Aug, 2022 • To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year […]

Evolution Money completes inaugural securitisation worth £290m

The new agreement refinances Evolution’s existing facilities with senior funding now supplied by NatWest Markets and mezzanine funding provided by Castlelake L.P, a global alternative investment firm. Evolution Money chief executive Steve Brilus says: “I am delighted to announce the completion of our first private securitisation which we have achieved with the ongoing and unwavering support of NatWest […]

Brokers urged to guide SMEs in lending world

Commercial interest rate rises are continuing to rise so small business owners and brokers are being encouraged to work together to understand a complex rate environment. Melbourne commercial brokerage Duo Finance director Eamonn Keogh (pictured) said commercial brokers were in the perfect position to help SMEs given commercial interest rates varied widely among lenders. “At […]

Guild trims payroll as origination, servicing profits dive

Dwindling originations and thinning margins slashed profits at Guild Mortgage’s parent company by 72% in the second quarter, prompting the firm to undertake sizable layoffs. Guild Holdings, owner of the San Diego-based lender and servicer, reported net income of $58.3 million in the second quarter, a drop from the first quarter’s $208 million, according to […]

Mortgage demand declines further, even as interest rates drop a bit

A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images Mortgage demand edged lower for the fourth straight week, according to data released Wednesday, even though interest rates have fallen from their recent highs. Total volume was down 1.8% last week from the […]