All Posts in "Real Estate News" Category

Mike Roberts is about to make his first early payoff (EPO) penalty in two years after finding out that one of his clients refinanced a $355,000 loan with a 7.25% rate that Roberts closed in April.  “The amount that we received in yield spread was 1.72%, which equates to $6,106,” said Roberts, co-founder and president…

Although the industry is barely than a week into the “new normal,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It kind of started before the [National Association of Realtors] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate,…

When interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing portfolio. This period was a windfall for servicers. Rising rates typically slow down borrower prepayments, increase the fair value of mortgage servicing rights (MSRs), and enable companies to earn more…

A midcentury retreat in Idyllwild, a two-bedroom condominium in Playa del Rey and a two-bedroom townhouse in Campbell.