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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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housing wire

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What’s next after a historic housing boom?

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing,

Michael Gersitz January 2, 2022 External Articles Read more

Have you clearly defined your brokerage’s value proposition?

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing,

Michael Gersitz January 2, 2022 External Articles Read more

Servicers prepare to handle forbearance exits

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing,

Michael Gersitz January 2, 2022 External Articles Read more

Hope and homebuyers return to Paradise

In November 2018, the deadliest fire in the history of California nearly destroyed Paradise, a 144-year-old town that sits in the Sierra Foothills above the northeastern Sacramento Valley.  When the smoke had cleared, Camp Fire left tens of thousands of

Michael Gersitz January 2, 2022 External Articles Read more

HUD ends silence on targeted lending programs

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD

Michael Gersitz December 8, 2021 External Articles Read more

Cash-out refis are in high demand as equity levels skyrocket

Record home price appreciation in recent years has pushed tappable home equity to new heights. According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion dollar increase in

Michael Gersitz December 8, 2021 External Articles Read more

Mortgage applications are up, on the strength of FHA refis

Mortgage applications increased 2% for the week ending Dec. 3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The increase was mainly driven by the refinance index up 9% from the previous

Michael Gersitz December 8, 2021 External Articles Read more

Master Class: How to become an experience architect

In this fun and informative master class exclusively for HW+ members, Experience.com’s Chief Experience Officer, Brittany Hodak, shares a simple framework every marketing and sales leader can use to design intentional customer journeys, elevating every customer interaction into an experience. No matter

Michael Gersitz December 8, 2021 External Articles Read more

To advance mortgage lending, trust must take backseat to truth

Once upon a time, loans were made on a handshake. That’s not just a platitude; before the Civil War, most Americans were self-employed, there was no federal income tax and banking was decentralized, making it practically impossible to verify a

Michael Gersitz December 8, 2021 External Articles Read more

How did the pandemic change the state of the appraisal market?

The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through next Friday, December 17, 2021. To submit your company, go here. If there’s anything that lenders and

Michael Gersitz December 8, 2021 External Articles Read more

All-cash transactions under scrutiny of Biden administration

The Biden administration announced on Monday that it is looking to expand reporting requirements on all-cash real estate transactions. The announcement came via a U.S. Treasury Department notice seeking public comment on this potential regulation. According to the Biden administration,

Michael Gersitz December 8, 2021 External Articles Read more

The Impact of Brand Awareness

Every company has different goals and objectives when it comes to marketing. In my last post, I started to break down HW Media’s findings from a recent survey conducted with SOAR Performance Group to analyze companies’ marketing priorities, tactics and

Michael Gersitz December 8, 2021 External Articles Read more

Fed pulling back from the MBS market cautiously

The Federal Reserve Bank of New York later this week plans to sell up to $90 million in agency mortgage-backed securities (MBS) now held in portfolio, a small sale, but still an interesting move in the current economic climate.  The

Michael Gersitz December 8, 2021 External Articles Read more

More renters and homeowners are missing payments

More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. According to the Mortgage Bankers Association‘s Research Institute for Housing

Michael Gersitz December 8, 2021 External Articles Read more

Guaranteed Rate’s Shant Banosian clears $2B in originations in 2021

Guaranteed Rate’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record

Michael Gersitz November 24, 2021 External Articles Read more

How to help homeowners make the most of home equity

As home equity reached another record high this year, mortgage companies have a big opportunity to help homeowners understand how to better manage or leverage their home’s equity to improve their housing and overall financial outlook. Even as rates are

Michael Gersitz November 24, 2021 External Articles Read more

Homepoint’s Phil Shoemaker: Lessons from a tech-based mortgage leader

If you added up the impact that HousingWire’s Vanguard winners have had on the industry, you’d likely have a comprehensive list of the initiatives that have moved markets forward. These are the leaders who have dreamt, shaped and molded a

Michael Gersitz November 24, 2021 External Articles Read more

Interfirst Mortgage to lay off nearly 50 LOs

Chicago-based Interfirst Mortgage Co. will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49

Michael Gersitz November 24, 2021 External Articles Read more

Gay, disabled ex-employee sues loanDepot for discrimination

Anthony Hsieh, founder and CEO of loandepot A former loanDepot employee has filed a lawsuit against the company and its CEO, Anthony Hsieh, for allegedly discriminating against him due to his physical disabilities and his sexual orientation. This is the

Michael Gersitz November 24, 2021 External Articles Read more

The MSR market is exuberant — for all the right reasons

The MSR sales market is finishing out 2021 at a robust pace that market observers expect will continue into the new year, propelled by a rising-rate environment and anticipated tax-code changes. As evidence, Denver-based Incenter Mortgage Advisors this month unveiled

Michael Gersitz November 24, 2021 External Articles Read more

Opinion: Pass the Neighborhood Homes Investment Act

A shortage of affordable starter homes is thwarting aspiring first-time homebuyers and fueling inflation in home prices. At the same time, many urban and rural communities are struggling for stability and vitality. It’s a fact: the homeownership gap between Black

Michael Gersitz November 24, 2021 External Articles Read more

Second term for Powell, Brainard to be Fed vice chair

President Joe Biden nominated Jerome Powell for a second term as Federal Reserve chair, and elevated Lael Brainard to vice chair, the No. 2 position at the central bank. Powell’s response to the COVID-19 pandemic, in the form of aggressive

Michael Gersitz November 24, 2021 External Articles Read more

Low-to-no cost strategies for keeping your pipeline full in 2022

This Lunch and Learn will examine the nation’s lack of housing inventory and the factors that have contributed to a decline in homebuilding. The discussion, which will feature speakers from the National A After last year’s record growth, mortgage leaders

Michael Gersitz November 24, 2021 External Articles Read more

Inside the Realogy-Blackstone iBuying venture

RealSure CEO Katie Finnegan Realogy says it is real serious about its two-year-old iBuying division, RealSure. “Our RealSure investment will step up meaningfully in Q4 as we continue to scale, launch this new product, expand our direct-to-consumer marketing and substantially

Michael Gersitz November 24, 2021 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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