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VA to roll out temporary fix to buyer agent commission problem

Housing Wire

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday.

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Here’s how wholesale lenders and brokers are navigating near-8% mortgage rates

Housing Wire

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgages 460
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A San Diego data dive shows a market upended by tight supply

Housing Wire

With fewer listings to go around, low-producing brokerages were forced out. San Diego produced about 42% fewer conforming mortgage loans (loans that meet federal purchase qualifications ) and about 31% fewer jumbo (nonconforming) loans for home purchases in 2023 than in 2019. The number of listings in San Diego fell 50.5%

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How Prosperity Home Mortgage plans to make up for lost volume in 2023  

Housing Wire

A subsidiary of HomeServices of America and owner of about 40 real estate brands across the country, the lender’s success is tied to its affiliated real estate brokerages’ business. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS.

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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

He also said that the idea that agents and MLSs are colluding is “ridiculous.” Ketchmark told webinar viewers that when he and his wife went to buy their first home, they sat with their agent and looked at for-sale properties in a phonebook-style MLS listing book. If they want to hire just a regular agent, they are free to do that.

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Mortgage Rates 2024: Can Assumable Mortgages Get You a Lower Rate?

Marco Santarelli

There are some requirements that both the buyer and seller need to meet, but these are generally less stringent than with conventional loans. VA Loans: These are government-backed mortgages guaranteed by the Department of Veterans Affairs. VA loans are also assumable, with similar requirements to FHA loans.

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Emergence of the Modern Agent: Do You Have What It Takes?

RIS Media

That’s why modern real estate agents must prioritize the relationship, not the transaction. To prioritize relationships as a modern agent, it takes the right tool set, knowledge and insight. The modern agent needs to have a clear approach and message for homeowners and sellers. They put clients first—always.

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