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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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Top brokerage execs see silver linings in commission lawsuits

Housing Wire

Department of Veterans Affairs (VA) loans. This is a positive, they note, even though they believe it will lead to some agent attrition. Full-time agents probably have a better chance than part-time agents,” said Erik Carlson , CEO of RE/MAX Holdings.

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Time is ticking for the VA to change broker payment rules

Housing Wire

Department of Veterans Affairs (VA) to revise its policies governing the fees that veterans cannot currently pay when using their VA loan benefit. In addition to the letter from NAR, the VA has also received letters from the Mortgage Bankers Association (MBA) and the Community Home Lenders of America (CHLA).

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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.

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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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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.