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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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External Articles

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Roof Talk

The unsung hero of a house, the roof is an essential construction and design element. Though it sometimes doesn’t seem to be given as much consideration as other design elements, a house’s roof is a vital feature, both aesthetically and

Michael Gersitz October 5, 2020 External Articles Read more

Hamptons home sales begin cooling after summer’s frenetic pace

Home sales in the Hamptons, the ritzy New York getaway for Wall Street titans and Hollywood celebrities, showed beginning signs of cooling off in September after a pandemic-induced boom during the summer months. Signed contracts to purchase single-family homes rose

Michael Gersitz October 3, 2020 External Articles Read more

AmeriHome plans to go public – Let’s look at the numbers

AmeriHome on Thursday became the latest mortgage lender to file for a public offering, the latest to do so amid a coronavirus pandemic that has helped spur record origination volume this year. The lender told the SEC in a filing

Michael Gersitz October 3, 2020 External Articles Read more

Movement Mortgage’s Montell Watson to speak at HousingWire Annual Oct. 8

Call it what you want – a disruption, a revolution, a transformation or perhaps a thorn in your side, there is no denying the pandemic has stirred the housing industry in all its sectors. How companies adapt and pivot while

Michael Gersitz October 3, 2020 External Articles Read more

Loans in forbearance gain after 6 weeks of decline

After six weeks of steady declines, the number of mortgages in active forbearance rose by 21,000 last week, according to a new report. Though the raw number increased, the number of all mortgages in active forbearance remained at 6.8%, unchanged

Michael Gersitz October 3, 2020 External Articles Read more

CSBS takes aim at nonbanks with proposed rule

This week the Conference of State Bank Supervisors issued a final proposed prudential standards rule for comment to address their concerns with nonbank servicers. The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. It’s a

Michael Gersitz October 3, 2020 External Articles Read more

Employee-owned Axia launches new wholesale division

Axia Home Loans, a Washington-based lender with an unusual ownership structure, is looking to break into the ultra-competitive wholesale space. Axia, a 100% employee-owned company helmed by CEO Alexander Rosenblum, launched Unified Reliance Wholesale on Thursday. The division, currently staffed

Michael Gersitz October 3, 2020 External Articles Read more

The state that may never accept RON mortgage closings

As COVID-19 swept through the U.S., there is one state that has refused to accept remote online notarization laws, even as stay-at-home orders forced many other states to temporarily accept RON. California, the most populated state in the U.S., has

Michael Gersitz October 3, 2020 External Articles Read more

U.S. unemployment drops to six-month low of 7.9%

The U.S. unemployment rate in September hit a six-month low of 7.9%, down half a percentage point from August’s 8.4%, the Labor Department said on Friday. With 1 million people making up that half percentage drop, the department estimates that now 12.6

Michael Gersitz October 3, 2020 External Articles Read more

Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes

Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge. Condo sale prices in the U.S. increased 5.4%

News Bot October 3, 2020 External Articles Read more

Caliber Home Loans plans $2B-plus IPO

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. The company, owned by

Michael Gersitz October 3, 2020 External Articles Read more

Atlanta Real Estate Market Overview 2020

This article has been updated to reflect recent changes in the Atlanta real estate market due to COVID-19. Metro Atlanta housing market has experienced a smooth recovery by far. The market has not only returned to pre-COVID-19 levels in the

News Bot October 3, 2020 External Articles Read more

Better.com’s Vishal Garg talks the future of banking, tech stacks and a customer-friendly IPO

Though he wouldn’t comment on recent reports that he is raising $100 million in capital at a $4 billion valuation, Better.com CEO Vishal Garg had no qualms on Thursday in outlining his vision for an eventual public debut. Garg, a

Michael Gersitz October 3, 2020 External Articles Read more

How one mortgage servicing company is prioritizing home retention during economic uncertainty

Nearly two years ago, Ocwen acquired PHH Corporation, and Glen Messina became the president and CEO of the newly combined companies. Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH

Michael Gersitz September 30, 2020 External Articles Read more

Howard Hanna acquires New York brokerage Rand Realty

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty, giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The financial terms of the deal,

Michael Gersitz September 30, 2020 External Articles Read more

Urban Institute’s Laurie Goodman to speak at HousingWire Annual Oct. 8

This year has been a numbers game. How low are the rates this week? How long will borrowers be in forbearance? Will the next stimulus bill be enough? The pandemic has created a long list record-breaking figures, but behind all

Michael Gersitz September 30, 2020 External Articles Read more

Altisource expands servicing to handle forbearance overflow

Altisource Portfolio Solutions, a provider of real estate, mortgage and foreclosure services, said it has expanded its Texas operations center to handle the overflow from home-loan servicers trying to cope with customers requesting forbearances. The Luxembourg-based company said it is

Michael Gersitz September 30, 2020 External Articles Read more

Despite hardships from pandemic, 40% of Latinos still plan to become homeowners: survey

The American dream of owning a home remains resilient in Latino communities despite high unemployment, high COVID-19 infection rates, and greater loss or reduction of income compared to non-Hispanic Whites, according to a new survey. The August survey from the

Michael Gersitz September 30, 2020 External Articles Read more

Pending home sales at an all-time high! Now what?

Riddle me this: How can home sales grow when we have no homes to buy? When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand. But

Michael Gersitz September 30, 2020 External Articles Read more

No housing market slowdown as real estate agents report a busy fall

Realtors can usually count on their biggest season being spring, followed by summer. But nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season. However, homebuyers were still incredibly

Michael Gersitz September 30, 2020 External Articles Read more

UWM to knock 50 bps off VA IRRRL loans

United Wholesale Mortgage (UWM) announced on Wednesday that it would offer a 50 bps discount on all VA interest rate reduction refinance loans (IRRRL) through Veterans Day on Nov. 11. The company, which is the nation’s largest wholesale lender and

Michael Gersitz September 30, 2020 External Articles Read more

Moving Checklist: Everything You Need to Know for a Smooth Move

So you’ve navigated the housing market, found the perfect home, and signed on the dotted line. All that’s left now is moving into your new home. Well, we won’t lie to you — moving is no small feat. Between decluttering,

News Bot September 30, 2020 External Articles Read more

ALTA ONE to address changing times for title professionals

The American Land Title Association, which represents more than 6,400 title insurance companies, title and settlement agents, independent abstractors, title searchers and real estate attorneys, announced it will hold its ALTA ONE event virtually for the first time. The association

Michael Gersitz September 30, 2020 External Articles Read more

Stewart Title hits growth spurt with recent addition of 600 employees

HousingWire spoke to Stewart Title CEO Fred Eppinger about the company’s new focus on growth, recent strategic moves and how it’s reframing the way it does business. HousingWire: What inspired the current brand refresh for Stewart? Fred Eppinger: Stewart was

Michael Gersitz September 30, 2020 External Articles Read more
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About Me

I am a Real Estate Agent based out of Tonawanda, licensed to buy, sell and lease real estate in New York State! Give me a call, it might be the best decision you ever make!


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