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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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The salary needed to buy a home in five large U.S. cities

If you’re considering buying a home, you probably have a lot of questions. One being, how much do you need to earn in a year to afford a mortgage in the U.S.?  Since home prices vary state-by-state, the salary you

Michael Gersitz January 14, 2021 External Articles Read more

Impact of the CARES Act on mortgage servicing operations

Since the CARES Act was signed into law, homeowners across the U.S. have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 million borrowers had been, or still were, on a COVID-19-related

Michael Gersitz January 14, 2021 External Articles Read more

Texas Realtor who stormed Capitol responds to backlash

A week after the insurrection at the Capitol, Frisco, Texas-based Realtor Jenna Ryan released a statement condemning the violence, even after multiple videos and photos surfaced – including ones that she filmed herself – of Ryan participating in the insurrection.

Michael Gersitz January 14, 2021 External Articles Read more

Most Popular Home Trends in Texas That Are Worth the Money

In today’s booming housing market, it’s crucial to stand out from the competition and appeal to as many homebuyers as possible. You want your home to sell quickly and for top dollar, right? To help incite multiple offers, and possibly

News Bot January 14, 2021 External Articles Read more

Guaranteed Rate now has a path toward an IPO, whether its CEO wants it or not

It took a few years, but Victor Ciardelli has finally captured the one that got away. The founder and CEO of Guaranteed Rate, which originated $73 billion in mortgages last year, has made joint ventures and acquisitions a cornerstone of his

Michael Gersitz January 13, 2021 External Articles Read more

New-year optimism reflected in mortgage applications jump

Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming

Michael Gersitz January 13, 2021 External Articles Read more

Visa, Plaid terminate $5.3 billion merger agreement

This article was originally published on FinLedger, HW Media’s new, fintech-focused sister publication. Almost exactly a year after announcing their $5.3 billion merger, Visa and Plaid have called off the proposed marriage, and the U.S. Department of Justice has agreed

Michael Gersitz January 13, 2021 External Articles Read more

SitusAMC enters wholesale tech channel with ReadyPrice acquisition

Real estate services and technology firm SitusAMC has acquired mortgage tech software developer ReadyPrice – bumping the New York-based firm’s acquisition tally to three in just under a year. Though terms of the deal were not disclosed, in a release on

Michael Gersitz January 13, 2021 External Articles Read more

Fannie Mae’s Henry Cason becomes CEO of FinLocker

Following other recent moves from the government-sponsored enterprises to the private sector, former Fannie Mae Head of Digital Products Henry Cason announced his move to FinLocker, a consumer-permissioned personal financial assistance tool. FinLocker CEO Henry Cason Cason will serve as

Michael Gersitz January 13, 2021 External Articles Read more

How one lender is tackling demand for jumbo loans in 2021

Following its rebrand from Citadel Servicing Corp. to Acra Lending, the company has also launched a new jumbo prime program. HousingWire recently spoke with Keith Lind, Acra executive chairman and president, and Acra CEO Kyle Gunderlock, about the new program

Michael Gersitz January 13, 2021 External Articles Read more

Mortgage Tech Demo Day: Finance of America Mortgage

Finance of America Mortgage Finance of America Mortgage has served the rigorous demands and long-term needs of our customers for more than a quarter-century. We’re dedicated to helping our clients achieve the dream of homeownership. And with the support of

Michael Gersitz January 13, 2021 External Articles Read more

Mortgage Tech Demo Day: Nomis

Nomis Mortgage Helping pricing from start to finish, Nomis Mortgage is a comprehensive, powerful analytics suite for banks and lenders. Nomis Mortgage expands the efficiency frontier by increasing both margins and volume, giving teams real-time competitive and pricing analytics and

Michael Gersitz January 13, 2021 External Articles Read more

Mortgage Tech Demo Day: iEmergent

iEmergent iEmergent’s Mortgage MarketSmart and DIVERSIFi solutions provide accurate market opportunity forecasts, current listing/agent data, and critical competitor data that drill down from national to local levels of detail. With powerful analytical and visualization tools, our insight enables lenders to

Michael Gersitz January 13, 2021 External Articles Read more

Reggora gets Series B funding, eyes 2-day appraisals

Appraisal software company Reggora today announced the completion of a $30 million Series B funding round, led by returning investor Spark Capital. Other investors included Shine Capital, Greenpoint Partners, Boston Seed and 1984. The company snagged $10 million in a

Michael Gersitz January 13, 2021 External Articles Read more

US Housing Market Forecast 2021: Will It Crash or Boom?

Here are the latest housing market predictions and forecasts for 2021 & 2022. The global pandemic shattered the world order and the US economy suffered its biggest blow since the Great Depression in the second quarter. The housing market too

News Bot January 13, 2021 External Articles Read more

Repurposing Properties: Creating New Uses from Old Buildings

Investors have long been interested in adaptive reuse – the process of repurposing a vacant or underutilized building and converting it into another use. Vacant malls, for example, are now being transformed into medical uses, schools and even housing. And

Michael Gersitz January 13, 2021 External Articles Read more

Despite New Stimulus, More Than 3 Million Renters Facing COVID-19 Unemployment Bear Extreme Housing Cost Burden

Recently finalized stimulus package will help, but rent burdens continue to exceed affordability threshold Go to Source Author:

Michael Gersitz January 12, 2021 Zillow Articles Read more

Pandemic Year Brought Incredible Surge in ‘Million-Dollar Cities’

There are 312 U.S. cities with a typical home value of at least $1 million — 45 more than a year ago. Go to Source Author:

Michael Gersitz January 11, 2021 Zillow Articles Read more

MISMO to prioritize eMortgages in 2021

This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization, a not-for-profit subsidiary of the Mortgage Bankers Association, will continue

Michael Gersitz January 10, 2021 External Articles Read more

Will there be a housing supply shortage in 2021?

This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions for our HW+ members. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel. In

Michael Gersitz January 10, 2021 External Articles Read more

People movers: Mid America, TMC, Framework and Sagent

To start off this week’s people movers, Mid America Mortgage promoted Jemma Pachiano to chief operating officer. Pachiano joined the company in 2011 as national support and training director where she led communication between the company’s executive team, operations team and

Michael Gersitz January 10, 2021 External Articles Read more

What to budget for closing costs when buying a house

Are you considering purchasing a home for the first time? Then you’re probably already saving money for your down payment. But what about all the other costs needed to complete the transaction? Understanding what expenses are required at closing to

Michael Gersitz January 10, 2021 External Articles Read more

Homepoint files for IPO

Correspondent and wholesale lender Homepoint is the latest mortgage company to aim for an IPO. The Ann Arbor, Michigan-based lender filed an S-1 with the Securities and Exchanges Commission on Friday afternoon. The company indicated in the S-1 that its

Michael Gersitz January 10, 2021 External Articles Read more

Fed bond purchases to keep pace through end of 2021

The Federal Reserve made another bid for economic stability on Friday after Vice Chairman Richard Clarida said he expects the central bank to maintain the pace of its bond purchases through 2021. “My economic outlook is consistent with us keeping

Michael Gersitz January 10, 2021 External Articles Read more
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  • Michael Gersitz
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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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