Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Real estate agents need to brace themselves for a shift as we witness a market more reminiscent of previous pandemic years. It’s a delicate balance between interest rates and equity.

Agents 441

Agents Equity New Construction Days on market 441

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S.

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Title Closing Sales Finance 292

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 455

Loans Closing Mortgages Equity 455

Housing Wire

OCTOBER 10, 2024

Agents and LOs are grappling with heavily damaged housing markets in the Southeast. “I have two deals that I’m working on right now where the people have become homeless, and they’re like, ‘Hey, how soon can we close this thing? A deal could still close if insurance was bound before the storm was named.

Agents 349

Agents Loan Officer Loans Sales 349

Housing Wire

NOVEMBER 4, 2024

The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. The settlement requires listing agents to stop making offers of compensation for buyer’s agents on Multiple Listing Services (MLSs). It explicitly allows for such offers to be made off-MLS, however.

Debt-to-income ratio 268

Debt-to-income ratio Agents VA loan MLS 268

Housing Wire

AUGUST 26, 2024

Proptech HomeLight has raised $20 million to expand the offering of its Buy Before You Sell product to mortgage lenders and real estate agents across 40 new states, the company announced on Monday. Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures.

Equity 391

Equity Loan Officer Lending Investor 391

Housing Wire

JULY 28, 2022

Even those with a considerable equity stake may find themselves in this dilemma. What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? The borrower’s equity can be further eroded by legal and other fees.

Equity 367

Equity Title Banks Title search 367

Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

Closing 475

Closing Mortgages VA loan FHA loan 475

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

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Closing costs Closing Title search Title 109

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, Accept.inc will buy the property with its own funds and reserve the home on their behalf.

Equity 340

Equity Proof of funds Pre-approval Investor 340

HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

Closing costs 105

Closing costs Closing Title search Title 105

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The contribution from the digital home equity line of credit (HELOC) to increase revenues in 2022 will be “modest,” as it will be launched by the fourth quarter, Martell said.

Closing 497

Closing Principal Lending Loans 497

Housing Wire

JANUARY 10, 2023

As the largest bank lender to Black and Hispanic families for the last decade, we remain deeply committed to advancing racial equity in homeownership.”. “We are making the decision to continue to reduce risk in the mortgage business by reducing its size and narrowing its focus,” Santos said in a statement. “As

Closing 501

Closing Lending Banks Equity 501

Housing Wire

JUNE 12, 2024

Home equity solutions and sale-leaseback platform EasyKnock announced a partnership on Tuesday with financial fitness and homeownership platform FinLocker that will make FinLocker’s tools available free of charge to EasyKnock customers. In December 2023, EasyKnock acquired home equity investment (HEI) platform Balance Homes.

Equity 361

Equity Banks Mortgages Closing 361

Housing Wire

SEPTEMBER 3, 2024

and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. The conversation also explores how portals can help navigate agent commission changes while shifting to buyer representation agreements before showings.

Industrial 390

Industrial Equity Agents Brokerage 390

HomeLight

SEPTEMBER 25, 2024

Are you considering using a home equity loan to help buy your next house? Whether you’re purchasing a second property for investment, a vacation getaway, or looking for a way to buy a new home before selling your current one, tapping into your home’s equity can feel like an appealing solution. How Much Should You Put Down on a House?

Equity 111

Equity Loans Debt-to-income ratio Mortgages 111

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. I’ll explain later.)

Agents 417

Agents Seller concession Closing costs Mortgages 417

Housing Wire

JANUARY 31, 2023

So that’s a real issue, because as a lender, we offer ways to finance a new home for selling — and it could be a bridge loan, it could be a home equity line of credit. Are you the sole person closing sales? Kim: How do you keep up with these agents and financial advisors? They won’t accept that offer.

Loans 346

Loans Pre-approval Closing Marketing 346

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 445

Closing costs Development Equity Closing 445

Housing Wire

JUNE 20, 2024

NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling. The Knock option is available to loan officers and real estate agents in 22 states across the country, the company explained in its announcement. The loan includes no interest for six months.

Lending 416

Lending Loans Loan Officer Equity 416

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Agents 400

Agents Loan Officer Lending Loans 400

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Closing Title Lending Inspection 196

BAM Media

JUNE 11, 2024

BAM Key Details: CoreLogic released its quarterly Homeowner Equity Insights report for Q1 2024, which shows a 9.6% year-over-year increase in total homeowner equity. annual decline in mortgage residential properties with negative equity. in total equity from Q1 2023. in total equity from Q1 2023. properties.

Equity 52

Equity Mortgages Residential As-is 52

Housing Wire

NOVEMBER 13, 2023

by 1% to 2% just by cutting the commission paid to buyer’s agents.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.” Sales prices don’t go up or down based on closing costs. of homeowner’s equity paid out in commissions.

Closing costs 364

Closing costs Equity Agents Technology 364

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC).

Marketing 499

Marketing Equity Loans Bankruptcy 499

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Calque’s collaborative BBYS solution doesn’t disintermediate agents or lenders.

Backup offer 391

Backup offer Loan Officer Home sale contingency Branding 391

Housing Wire

OCTOBER 21, 2024

Here are the five real estate contradictions we’re seeing as we close out 2024 and prepare for the new year. After all, monthly rent payments don’t build equity, and the money is often seen as “lost” compared to a mortgage, which helps buyers build wealth through property value appreciation.

Marketing 471

Marketing Mortgages Finance Agents 471

HomeLight

OCTOBER 31, 2024

If you’re selling a home in North Carolina, you’re likely wondering how much you’ll pay in closing costs at the end of the sale. Nationally, closing costs for sellers average anywhere from 6% to 10% of the total sale price. According to Bankrate, the average total closing cost for home sales in North Carolina was about $3,406.

Closing costs 45

Closing costs Closing Agents MLS 45

Housing Wire

SEPTEMBER 13, 2023

Upon joining eXp Realty, new brokerages can immediately realize the benefits of the partnership, which include stock equity, elimination of overhead costs, minimized brokerage risk and liability, access to brokerage support and operations, agent support and services, revenue share opportunities, and more.

Brokerage 418

Brokerage Equity Branding Agents 418

Housing Wire

OCTOBER 18, 2024

They’ve built a digital platform that brings together loan origination , closing, servicing, and data analysis into an all-in-one mortgage solution. Increased efficiency : Automation is key, helping lenders close loans faster and work smarter. This digital mortgage setup focuses on turning manual tasks into automated ones.

Technology 342

Technology Mortgages Marketing Loans 342

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I The rest are saving their equity with us by either selling to us or allowing us to list.” There is a lot of fear.” The MBA data show about 2.2

Bankruptcy 432

Bankruptcy Equity Hard money loan Finance 432

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. AARP applauds HUD’s update to its Home Equity Conversion Mortgage for Purchase Program which keeps vital consumer protections in place,” Jones said.

Mortgages 351

Mortgages Closing costs Equity Construction 351

Housing Wire

AUGUST 21, 2023

5000 list an impressive five times: Total Expert , which offers CRM and data-driven customer engagement solutions, turning customer insights into actions to increase loyalty and drive growth; and FirstClose , a tech solution provider for HELOC and home equity lenders. Other established names to make the Inc. 4,105 FirstCloseFirstclose.

Equity 351

Equity Technology Investor Residential 351

Housing Wire

AUGUST 23, 2024

Three days before the new business practice changes mandated by the settlement of the National Association of Realtors ‘ commission lawsuit went into effect, HousingWire caught up with top real estate coach Skye Michiels to talk about how his agents are handling the big changes. Are such deals taking place with the agents you work with?

FHA loan 338

FHA loan Agents Brokerage Staging 338

HomeLight

AUGUST 6, 2024

We talked to the experts and poured through the data to help walk you through the steps to buying an apartment, including how to get started, financing your apartment purchase, the differences between condos and co-ops, and all the questions you need to ask before closing. It takes only a few minutes, and it’s free. Get Started

Equity 115

Equity Finance Agents Closing 115

Housing Wire

JANUARY 17, 2024

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 454

Finance Seller concession Loan Officer Loans 454

HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Often referred to as a swing or interim loan, a bridge loan is usually pricier than your regular mortgage.

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111