The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

FintechReal Estate

Flat-fee real estate company Home Bay expands to Texas

Now available in five states

In July, Home Bay, a San Diego-based startup that offers real estate services for a flat fee, announced that it raised $5 million to fund its expansion beyond California.

Since then, Home Bay has expanded to Florida, Illinois, and Georgia.

And now, Home Bay is available in Texas as well.

The company announced Thursday that it is expanding to Texas.

Home Bay offers a “team of top licensed real estate agents” along with a technology platform that “expedites each transaction” to borrowers, all for a flat fee of between $2,000 and $3,500.

And by paying its flat fee rather than the traditional 3% listing fee charged by real estate agents, Home Bay claims that it can save consumers an average of $16,000 per transaction.

Ken Potashner, Home Bay’s chairman and CEO, said the expansion into Texas was an easy decision, considering the state of the Texas housing market.

“It was an obvious decision for us to expand into Texas,” Potashner said. “The housing market there is exploding thanks to its low interest rates, rising income, and the Texas employment rate continuing to soar. There has been no better time than now to bring Home Bay to Texas consumers.”

Potashner added the company is “proud” to have a team in Texas.

Home Bay also said that it plans to expand to “several” other states in 2018.

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