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Mortgage spreads keeping housing demand intact for now 

Mortgage spreads are once again playing our friendly neighborhood housing hero by keeping mortgage rates under 7% in a crazy, hectic year. This has allowed housing to stay intact, sales-wise. While sales in our weekly tracker data have slowed down, as they typically do once mortgage rates get above 6.64%, they eked out a small positive year-over-year gain for the second week in a row.  In previous...

8 Proven Tips for Managing a Growing Team (8 photos)

Расширение бизнеса — это важнейшая веха, которую стоит отпраздновать. Но переход от самостоятельной работы к управлению командой влечет за собой целый ряд новых сложностей. Эффективное лидерство, коммуникация и делегирование полномочий внезапно становятся ключевыми, когда вы переходите от роли главного героя к...

Will the negative jobs report hold off a September rate hike?

The Fed hawks must feel very awkward today. Before the July Fed meeting, Fed Governor Chris Waller said that if the July CPI report came in hot, a July rate hike would be on the table. Since that day, CPI inflation came in as a big miss, PPI inflation came in as a big miss, and today the jobs number whiffed with a negative report: 103,000 negative revisions and wage growth at cycle lows. Yes, very awkward...

The off-MLS debate moves to Washington, and agents need a clear script

There is a number every listing agent should be able to explain this week: 4.6%. It is the premium Compass says its private listings earn sellers. There is a second number that says the opposite. And there is now a third party, the United States Congress, asking which one is true. Start with Washington, because that is what turns a marketing squabble into something bigger. On July 22, the House...

REMAX, Keller Williams win final approval of Batton 1 settlement

REMAX and Keller Williams have received final approval of their homebuyer commission lawsuit settlement agreements in the Batton 1 lawsuit.  Judge LaShonda Hunt, who is overseeing both of the Batton lawsuits, granted final approval to both settlements this week after a fairness hearing on Tuesday.  According to the orders filed by Judge Hunt, the court found the settlement fair and adequate. She...

UWM downgraded by Fitch after Q2 loss, Oaktree deal

Fitch Ratings downgraded the long-term issuer default ratings of United Wholesale Mortgage (UWM) to B+ from BB-, citing a sharp increase in leverage driven by second-quarter losses and higher borrowings. UWM’s ratings outlook is stable, Fitch said. UWM’s corporate leverage, measured as gross nonfunding debt to tangible equity, jumped to 6.1x at the end of the second quarter, up from 3.2x at the end...

Trump reportedly renews bid to oust Fed Gov. Lisa Cook

President Donald Trump is reportedly moving forward with a renewed attempt to remove Federal Reserve Gov. Lisa Cook over mortgage fraud allegations.  The White House this week sent Cook a letter stating the president is “considering” removing her and demanding she respond to the allegations within three weeks, ABC News reported Friday The letter, reportedly signed by deputy chief of staff Dan...

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