Housing Wire

MARCH 10, 2022

In four bulletins, the government watchdog warned borrowers of loan modification and foreclosure schemes, outlined scams that could impact reverse mortgage borrowers and said that renters, too, can be targeted by nefarious players. HUD’s home equity conversion mortgage program accounts for most of the reverse mortgage market.

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Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. For lenders and brokerages, the risks of LOs or agents overstepping are high.

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Housing Wire

JULY 11, 2023

The Westchester County District Attorney announced on Friday that it has indicted a group of six individuals and a corporation for allegedly stealing property deeds from distressed homeowners, fraudulently accessing mortgage loans, and evading state taxes. They ultimately defaulted on the mortgages, the district attorney claimed.

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Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

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Housing Wire

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Sprout Mortgage imploded in early July, leaving its employees out in the cold.

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Housing Wire

JUNE 21, 2022

During this same time, our industry helped consumers take advantage of low interest rates to refinance mortgages. Low claims ratios are a testament to the work our agents do to eliminate items prior to closing. Real estate is a $3 trillion industry in the United States.

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Housing Wire

JANUARY 20, 2021

As 2021 unfolds, the real estate industry is still dealing with ongoing concerns introduced and exacerbated by the COVID-19 pandemic last year, leaving agents and brokers facing multiple challenges with their work. For example, it shows whether the owner has ever filed for bankruptcy or if they’re facing foreclosure.

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Notorious ROB

OCTOBER 24, 2022

Brokers and agents spend a few years making a fortune, then spend a few years losing it all. A friend of mine was a very successful real estate broker married to a very successful mortgage broker. The market was crazy hot, and both mortgages and home sales were going stratospheric. Mortgage was frozen. Sales plummeted.

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HomeLight

SEPTEMBER 14, 2023

Thankfully, your agent, mortgage lender, and the title company will collect and monitor much of the paperwork. Find a top real estate agent near you We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Get Started 1.

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Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week. Understanding Mortgage Pre-approval Before embarking on the journey to homeownership, it's crucial to understand the concept of mortgage pre-approval.

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HomeLight

JULY 30, 2021

When you apply for a mortgage , you’re essentially asking a bank to hand you hundreds of thousands of dollars with the promise to pay it back over the next 15 to 30 years. The bank will ask for a list of mortgage documents to prove you’ll be able to repay the loan. What are mortgage documents? Bankruptcy discharge papers.

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Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. When Angel Oak Mortgage Solutions launched seven years ago, we had to educate [brokers] on the non-QM space,” said John Jeanmonod, a vice president at the Atlanta-based non-QM lender. So you stop.”. Everyone bowed out.

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The Close

MARCH 9, 2023

The challenge of being a real estate broker today is keeping your agents selling and productive in this shifting and changing market. Thankfully, you can train your real estate agents to make this sales shift. And with less equity, sellers are more focused on paying their mortgage than moving up into a larger house.

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Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic.

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HomeLight

FEBRUARY 21, 2024

In this guide, we’ll walk you through two options: accepting an all-cash offer for your home or partnering with a top real estate agent to sell quickly. We’ll break down the pros and cons of each option, and share tips from a local real estate agent to help you sell your Pittsburgh house quickly and confidently.

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Realtor.com

MARCH 24, 2021

Joe Raedle/Getty Images Millions of homeowners have been excluded from federal protections providing pandemic-related mortgage-payment relief. million single-family mortgages — about 30% of the total outstanding — that are privately owned and have no federal backing. Moroni and Knapp’s loan is one of the roughly 14.5

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The Close

MARCH 15, 2022

However, unlike in 2008, this time it’s not from unqualified buyers who are buying property with subprime mortgages. Builders were selling homes by lottery, and real estate agents were living large—and so was I. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences.

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McKissock

AUGUST 7, 2022

Therefore, the banks approved mortgages to customers without regard for their ability to repay the loan. When people could not make their mortgage payments, the housing bubble burst and thousands of homes were foreclosed, multiple big-name lenders declared bankruptcy, and the market required government bailouts.

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HomeLight

FEBRUARY 29, 2024

From getting a fair cash offer to working with a top real estate agent, we’re here to help you weigh your options and make the best decision for your situation. Financial distress: Facing financial hurdles such as foreclosure , bankruptcy, or overwhelming debt may require selling your house quickly to alleviate financial burdens.

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Realty Biz

OCTOBER 4, 2022

Here’s how to determine if rent-to-own or a mortgage is best for you. . Rent-to-own is a great way to buy a house after bankruptcy or when you have a ding in your credit. If home values shoot up over the term of your lease, you’ll have more equity when you apply for a mortgage. Mortgage Pros and Cons.

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HomeLight

FEBRUARY 23, 2024

Ahead, we’ll explore the advantages of receiving a cash offer through HomeLight’s Simple Sale platform versus leveraging the expertise of a top Chicago real estate agent. Without the need for mortgage approvals or time-consuming inspections, the sale can move forward smoothly and quickly.

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HomeLight

FEBRUARY 9, 2024

With strategies ranging from cash offers to partnering with top real estate agents, this guide will explore the best methods to achieve a quick sale without sacrificing value. Financial difficulties: Financial challenges such as foreclosure or bankruptcy may require you to sell your home quickly to alleviate financial stress.

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The Close

JULY 23, 2022

In my 27 years as an agent and coach, I have never seen inventory this low. Many agents who work predominantly with buyers grumble that they have too many buyers and not enough listings to show them. Listing agents are not meeting their goals, and some are struggling to make ends meet. Talk to Top-producing Agents.

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Realty Biz

MARCH 16, 2023

Are you trying to decide the best mortgage options for buying your first home? Though these are government-backed mortgages, mortgage lenders underwrite and administer the loans. These mortgages are fixed rates, and you can choose between 15 and 30-year terms. FHA loans allow you to pay 3.5% What Do FHA Loans Offer?

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Realty Biz

JULY 21, 2021

Find the Right Real Estate Agent. That’s why you want to hire real estate agent in Brampton who is well-connected with that market rather than assuming any real estate agent in Toronto will do. Know what you can expect to pay each month toward the mortgage, utilities, taxes and insurance.

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HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. Real Estate Agent. Real Estate Agent at Keller Williams South Shore. Why pay cash for a home?

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Realty Biz

AUGUST 29, 2022

But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? A short sale is a particular situation in which the lender of a mortgage decides to accept a mortgage payoff that is significantly less than the amount owed by the borrower. More than 5.6 The Details.

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Realty Biz

DECEMBER 29, 2021

From finding the right agent to work with , to sorting through listings until you find your dream home, to figuring out innovative ways to keep your costs down , to outbidding all the other buyers in 2021’s red hot market, it’s easy to overlook one of the most important (and most nerve-wracking) aspects of buying a home — the financing.

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HomeLight

NOVEMBER 9, 2021

To provide you with the best definition of a home appraisal, who performs a home appraisal, and how it must be done, we spoke with top Florida real estate agent Joe LoCicero , who sells more than 22% faster than average agents in his area, and Diana Benson, owner and operator of Benson Appraisals in Gilbert, Arizona.

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C4D Crew

JULY 9, 2020

Thankfully the federal government and housing agencies, as well as mortgage lenders and servicers, have taken action to protect homeowners from foreclosure during this crisis. I’ve Missed Mortgage Payments and am Afraid of Mortgage Foreclosure. First, know that mortgage foreclosure is a process that differs by state.

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Realty Biz

JULY 14, 2021

Be sure to factor in additional insurance costs when working out how much you can afford each month for your mortgage. Unlike most other states, Florida protects your home from foreclosure, even if you file for bankruptcy. Having an agent is inevitable. Buying a home that is built to withstand high winds can also help.

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HomeLight

JULY 18, 2023

We’ll also discuss the benefits of hiring a top Sarasota real estate agent and provide you with essential tips to help you sell your house fast. The process of a cash offer in Sarasota In a cash sale , the buyer has the funds upfront to purchase your home, eliminating the need for a mortgage and the lengthy process that accompanies it.

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HomeLight

JULY 7, 2023

This guide is designed to provide valuable knowledge about cash offers, enlisting a top-performing real estate agent, and how you can avoid common mistakes when trying to sell a house fast. Once accepted, the deal can reach closure swiftly, eliminating the waiting time for mortgage approvals or traditional home sale inspections.

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HomeLight

DECEMBER 23, 2021

Find an Agent to Help You Navigate the Paperwork. A top real estate agent can serve as an invaluable transaction coordinator during steps like the title search and deed transfer. Find Agent. Tricia Brost , a top-selling agent in the Milwaukee area, shares that problems can arise when more than one person has ownership rights.

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HomeLight

JULY 18, 2023

We’ll address the benefits and drawbacks of cash offers, compare them to working with a high-performing real estate agent, and provide insider tips to arm you with the tools you need to expedite your home sale. In this guide, we’ll discuss the different avenues you can take for a quick home sale in Fort Lauderdale.

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Realty Biz

AUGUST 18, 2020

According to the Mortgage Bankers Association , just under four million American homeowners are in forbearance. Property owners impacted by the COVID-19 housing crisis are struggling to pay mortgages, and the imminent risk of foreclosure and bankruptcy looms large over the industry.

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HomeLight

MARCH 16, 2023

“We get a massive amount of investors coming to us looking for us to help them with investment properties, and a lot of them are cash,” says James Krueger , a top-performing real estate agent who sells properties 42% faster than the average Houston agent.

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