March, 2024

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Announcing HousingWire’s 2024 Finance Leaders

Housing Wire

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”

Finance 441
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NAR, MBA ask for clarification on underwriting rules

Housing Wire

Under the terms of NAR’s settlement agreement, the practice of cooperative compensation is still allowed, but it cannot be offered through a Multiple Listing Service (MLS). Sellers or buyers can pay the buyer’s agent’s fees.

VA loan 450
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.”

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.” Department of Veterans Affairs (VA) financing. “A “Cooperative compensation is still legal,” Papasan stressed.

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Opinion: Debunking the NAR settlement myths

Housing Wire

A past rule requiring an offer of some amount of compensation was a rule of display on a Realtor-owned MLS, yet it could have been as low as $1. That limitation was removed and today the MLS accepts all listings, regardless of buyer agent consideration.

MLS 458
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New-home sales dip slightly in February

Housing Wire

For instance, they can offer to pay down points on a buyer’s mortgage or they can offer builder financing at below-market rates. We’ve seen more builders bring smaller, less expensive homes to the market in recent months,” Bright MLS chief economist Lisa Sturtevant said in a statement. from a year ago.

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