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Home seller profits exceeded 50% in 2022

Home seller profits rose in 2022, topping 50% despite the slowing market. Home sellers nationwide saw a profit of $112,000 on the typical sale in 2022, up 21% from $92,500 in 2021 and up 78% from $63,000 two years ago… 

Redfin: Housing market has started its recovery

The housing market is on its way to recovery, but buyers are returning faster than sellers. Redfin said the number of customers requesting first tours has improved 17 percentage points from the November low. The number of people…

Milo launches new crypto loan product

Milo clients will be underwritten based on alternative data, allowing for more individuals to qualify. Crypto loans offered by Milo can be used for many purposes. And they can be disbursed within hours once compliance is approved…

Goldman Sachs predicts brighter days for the housing market

Goldman Sachs published research this week. Its economists expect housing to be less of a “drag” on the economy going forward, reports the Wall St. Journal. Rates are expected to stabilize. They also predict home prices will continue to fall…

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Home seller profits exceeded 50% in 2022

Home seller profits rose in 2022, topping 50% despite the slowing market. Home sellers nationwide saw a profit of $112,000 on the typical sale in 2022, up 21% from $92,500 in 2021 and up 78% from $63,000 two years ago… 

Redfin: Housing market has started its recovery

The housing market is on its way to recovery, but buyers are returning faster than sellers. Redfin said the number of customers requesting first tours has improved 17 percentage points from the November low. The number of people…

Milo launches new crypto loan product

Milo clients will be underwritten based on alternative data, allowing for more individuals to qualify. Crypto loans offered by Milo can be used for many purposes. And they can be disbursed within hours once compliance is approved…

Goldman Sachs predicts brighter days for the housing market

Goldman Sachs published research this week. Its economists expect housing to be less of a “drag” on the economy going forward, reports the Wall St. Journal. Rates are expected to stabilize. They also predict home prices will continue to fall…

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Realtor.com launches new intelligence features for agents

Realtor.com launched new enhanced listing intelligence features for agents to help them better understand how buyers are searching in a local market. The features include: Buyer info: The total number of potential buyers in their local market on Realtor.com and...

Black Knight launches API storefront

Black Knight has launched its new Developer Portal, a one-stop storefront where clients, third-party providers and their developers will have access to the company's catalog of application program interfaces (APIs) across the mortgage life cycle. The first phase of...

Cordless Media Implements the Optimal Blue API

Cordless Media has implemented the Optimal Blue lead-quoting application programming interface (API). This new API connects lead-aggregation vendors to product and pricing information in the Optimal Blue product, pricing and eligibility engine. Cordless Media is a...

Rhino announces milestone savings for renters

Deposit management platform Rhino announced that renters using Rhino's flagship security deposit insurance have saved over $1 billion in upfront moving costs.  Since pioneering security deposit insurance in 2017, Rhino has been committed to building a...

Path Software adds new TPO functionality to origination platform

Mortgage tech company Path Software added new third-party origination (TPO) functionality to its mortgage loan origination system. Path TPO allows users to generate loans from smaller lenders and mortgage brokers. The company says it’s designed to work within the...

Jupiter, Fannie Mae announce climate assessment project

Climate-risk data and analytics firm Jupiter announced a project with Fannie Mae to identify neighborhoods and communities most at risk from perils related to climate change as part of The Jupiter Promise program for historically marginalized communities. The effort...

Next Moves

Bonnie Salus named vice president home lending manager at Chase

Bonnie Salus has been appointed to the role of Vice President home lending manager at JPMorgan Chase. She joined the company in 2020 as home lending relationship manager, before being appointed to the role of VP education & counseling market manager. Salus brings...

Linda Vo achieves CMB designation

Linda Vo has obtained the certification of Certified Mortgage Banker (CMB) from the Mortgage Bankers Association. Vo is national strategic partnerships at FBC Mortgage. She has extensive experience in mortgage lending, and has worked with companies that include Citi,...

Jackie Oliver joins Sagent

Jackie Oliver has been named SVP risk & change management at Sagent. Before joining the company, she was SVP/associate general counsel for Mr. Cooper, a position she held for nine years. Oliver's career also includes work as associate general counsel at Fannie Mae.

Shannon Baldwin joins Percy AI

Shannon Baldwin has been named VP, marketing at Percy AI. She was previously VP of marketing at Mortgage Coach. Baldwin brings over a decade of mortgage industry experience. Before her tenure at Mortgage Coach, she was with corporate event manager with Optimal Blue, a...

Heidi Belnay joins Blend

Heidi Belnay has been appointed to the role of account partner - strategic (non-bank) at Blend. She was previously partnership manager at Reggora. Belnay brings nearly a decade of mortgage and housing industry experience to her new role. Prior to her work with...

Lisa Wagenheim joins Movement Mortgage

Lisa Wagenheim has been named deputy general counsel, systems implementation at Movement Mortgage. Before joining the company, she was general counsel at Level Capital. Wagenheim held executive roles at loanDepot for nearly three years, and at Caliber Home Loans for...

Victoria DeLuce joins Delmar Mortgage

Victoria DeLuce has been appointed SVP, business development for Delmar Mortgage. Before joining the company, she was EVP, capital markets & growth at Princeton Mortgage, a position she performed concurrently with her role as EVP, capital markets & wholesale...

Guaranteed Rate names Regina Lall chief compliance officer

Regina Lall has been appointed to the role of chief compliance officer at Guaranteed Rate. She was previously senior vice president, chief AML officer for the company. Lall has been with Guaranteed Rate for over seven years. She joined the company in 2015 as director...

Bobbi MacPherson joins Spring EQ

Veteran mortgage executive Bobbi MacPherson has been appointed VP credit policy and vendor management for Spring EQ LLC, a technology-based originator of nationwide loan products. Before joining the company, MacPherson was SVP credit management for AmeriSave Wholesale...

Kristi Canler joins Cardinal Financial

Kristi Canler has been named VP, regional manager for Cardinal Financial Company, Limited Partnership. She takes this role after over nine years with Caliber Home Loans. Canler joined Caliber in 2013 as AVP, divisional retail underwriting manager. During her tenure...

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