Pre-Approval for 2023: What You Should Know
Pre-approval is an important step in your homebuying journey. Understanding what pre-approval means and how it works is crucial. Business Insider explains that a preapproval is a written agreement from the lender. It tells you what types of loans you…
Are You Looking To Sell Your House? It’s important to price it right.
The impact of higher mortgage rates on the housing market last year had a negative effect on home prices. If you are thinking about selling your house soon, you will need to adjust your expectations. As realtor.com explains:”. . ….
The 3 Factors that Affect Home Affordability
You’ve probably heard about rising affordability issues if you’ve been following the housing sector over the past couple of years. Experts predict that the key factors that affect housing affordability will improve this year. Selma Hepp shares: . . The…
Sprout Mortgage reportedly in settlement negotiations with laid-off employees
Sprout Mortgage is addressing some fallout from last summer’s shutdown. It is currently discussing settlements with former employees, certain business partners, but not cooperating to other lenders. Five federal lawsuits have been filed against the former East Meadow, New York-based…
Wells Fargo CEO Scharf’s salary at $24.5 Million for 2022
Charlie Scharf, Chief Executive of Wells Fargo. This was despite the fact that the bank’s profit and stock fell in the year. The bank also continued to deal with the fallout from a series of scandals. According to Thursday’s filing,…
PacWest restructures Civic Financial Services operations
PacWest Bancorp is reorganizing its operations to eliminate silos and unify business lines. This includes changes to the Civic Financial Services mortgage lending company. Paul Taylor, who was recently appointed president and CEO of PacWest, said that the company has…
Amerisave denies laid off employees, suits
AmeriSave Mortgage Corp.’s laid-off employees are suing the lender in a class-action lawsuit. They claim that the lender disparaged workers after a mass termination, and that it owes them millions of dollars. Eleven plaintiffs claim that a class of 140…
American Pacific Mortgage plans to expand its business.
California-based American Pacific Mortgage continues its expansion of its market presence, announcing Thursday the acquisition of Lend Smart Mortgage. LLCMinnesota-based Lend Smart Mortgage now has close to 30 branches across the country. Its main presence is in the midwest. The…
Morgan Trent, top L.A. Compass agent, moves to Christie’s
Christie’s International Real Estate. According to the firm, Trent Luxury has more $8 billion in total sales. Trent, a top-producing luxury residential real estate agent, hails from Southern California. He graduated from the University of Michigan in 2009 and was…
12 ways real estate agents can become local experts
A new agent can present many challenges, such as building a business, understanding the industry, and creating a marketing strategy for a competitive market. Your confidence in yourself and your abilities is the most important challenge. In starting your own…