Housing Wire

APRIL 1, 2024

In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And Turning point A turning point for the home equity investment market came with the closing of the first rated securitization of notes backed by HEAs in September 2023.

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Equity Finance Purchase and sale agreement Investor 379

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 296

Housing Wire

MARCH 25, 2024

NAR’s settlement, which could go into effect as early as July, will eliminate the long-standing “Participation Rule” that requires listing agents to make an offer of cooperative compensation to buyers’ agents. Under the current system, the buyer agent’s commission is baked into the price paid for a home.

Agents 428

Agents VA loan Loans Mortgages 428

Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. billion in closed loans through its direct-to-consumer division and $8.5

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Agents Loans Mortgages Closing 502

Housing Wire

APRIL 4, 2022

million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. The post Redfin closes $138M deal for mortgage lender appeared first on HousingWire. The purchase price “represents a $72.5

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Closing Mortgages Loan Officer Pre-approval 366

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. No other brokerage can offer agents a big traditional split and all the benefits, support, technology and customer introductions that we provide here at Redfin.

Agents 370

Agents Marketing Brokerage Technology 370

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The agent movement reflects the relative mobility of experienced agents between brokerages.

Agents 382

Agents MLS Brokerage Industrial 382

BAM Media

MAY 9, 2024

Real estate transactions can be complex, especially when traditional financing isn’t the best option. This is where creative financing strategies like seller financing and subject to come into play. Seller Financing: The seller acts as the bank, creating a new financing agreement with the buyer. What is Subject To?

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Finance Banks Investor Loans 105

Housing Wire

JUNE 1, 2022

One avenue to reduce cost and streamline the closing process is to offer digital closings. A recent Marketwise eClose ROI study found that lenders can save nearly $450 and settlement agents up to about $100 per loan due to time eliminated, improvements in transactional quality, and costs associated with printing and mailing documents.

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Closing Title Loans Technology 373

Housing Wire

SEPTEMBER 4, 2020

This includes Realtor associations, MLSs, agents, brokers, lenders and title companies. Wheeler has worked closely with the executive team at Opendoor over the last year, helping them refine their financial model and navigate the onset of COVID-19.

Finance 379

Finance Branding Title Lending 379

Housing Wire

JANUARY 10, 2023

Bank executives reportedly expressed concerns about “reputational risk” when financing large amounts of loans originated from other firms. From January to September, Wells Fargo originated $37 billion in the space, down 27% compared to the same period in 2021, according to Inside Mortgage Finance data.

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Closing Lending Banks Equity 477

Housing Wire

NOVEMBER 13, 2023

The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023. However, a significant majority of buyers (80%) financed their home purchase in 2023, up from 78% in 2022 but still down from 87% two years ago, according to the survey. Meanwhile, in September, one-third of U.S.

Agents 358

Agents Finance Mortgages Marketing 358

Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

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Title Closing Finance Technology 228

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. .: $6.2 billion in 2021 Green Financing : $9.1 First Name Email Subscribe The post Fannie Mae Multifamily Financing Closed $69 Billion in 2022 first appeared on BAM. billion Newmark: $4.6

Finance 98

Finance Closing Equity Commercial 98

Real Trends

MARCH 8, 2023

Agents, stop letting your deals die. Use this guide to get your transactions back to the closing table and don’t give up. What do you do when your buyer’s financing is denied? The following tips are tried and true solutions to financing issues! You can still get to the closing table.

Debt-to-income ratio 94

Debt-to-income ratio Finance Backup offer Agents 94

Housing Wire

MAY 16, 2024

As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. It said TRAC+ will allow the lender to “manage title review, closing, and disbursement.” The top U.S. Meanwhile, UWM, the largest lender in America, handles title review. 0% down During UWM Live!,

Title 427

Title Loans Mortgages Closing 427

Housing Wire

FEBRUARY 28, 2024

Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services. They will also be offered closing cost credits of up to 0.5% The program is only eligible for loans that close through Newrez. billion in 2023, per data from Inside Mortgage Finance.

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Closing costs Loan Officer Closing Loans 381

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. The client can find their own appraiser, or real estate agents can recommend appraisers they have worked with before. Not necessarily.

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Agents Inspection Sales Commercial 438

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.

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Loans Pre-approval Closing Marketing 326

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

Agents 373

Agents Construction Design Branding 373

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 378

Agents Loan Officer Lending MLS 378

Housing Wire

APRIL 22, 2022

Starting May 25, “several hundred” real estate agents in the Raleigh, North Carolina and Denver metro areas will no longer have access to Premier Agent , thanks to major changes coming to Zillow ’s lead generating platform. The percentage an agent pays depends upon the sale price of the property.

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Agents Finance Loans Design 370

GeekEstate Agents & Brokers

MAY 30, 2024

Today’s showcase: Notable] Notable provides a pay-at-close line of credit to home sellers, helping them prepare their homes for the market to get a higher ROI. For agents, Notable offers a streamlined client application process and can help boost listings and attain higher commissions through increased sale prices and faster transactions.

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Closing Brokerage Lending Branding 60

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. Some are also likely to become more expensive, Marx explained.

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Closing Mortgages Industrial Loan Officer 390

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Agents 427

Agents Title Residential Finance 427

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 388

Agents Seller concession Closing costs Mortgages 388

Housing Wire

APRIL 21, 2021

“In 2021, the potential for margin compression could serve as yet another accelerant towards digital mortgage closings as lenders seek to improve capital efficiency and offer a more competitive experience to borrowers.”. Martin: COVID catalyzed digital mortgage closings by creating a renewed sense of urgency.

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Closing Mortgages Development Industrial 300

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. Somebody has a problem once and then that story just spread.

VA loan 382

VA loan Agents Pre-approval Debt-to-income ratio 382

Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . Shared equity financing. 2-1 buydowns.

Finance 106

Finance VA loan FHA loan Agents 106

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

Closing 454

Closing Loans Banks Investor 454

HomeLight

MARCH 28, 2024

When a home sale closing is delayed, it’s usually the buyer holding up the deal due to financing hiccups, low appraisals, title issues, or problems found during the final walkthrough. But what happens if a seller misses the closing date? The closing date is always in the contract. What happens on a home sale closing date?

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Closing Purchase and sale agreement Title Closing costs 100

Housing Wire

AUGUST 15, 2023

Gary Keller took to the stage at the 2023 Keller Williams Mega Agent Camp in Austin, Texas , Tuesday morning with his usual bravado: a black-and-white video featuring his favorite animal, the buffalo , in a thunderstorm, alongside a motivational message for agents. “We are the storm,” the text read.

Agents 353

Agents Marketing Staging Industrial 353

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Managing the transaction between pending and closing can be the most challenging part of the process. Be the reason they make it to the closing table.

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Inspection contingency Proof of funds Inspection MLS 390

Housing Wire

AUGUST 9, 2023

During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. The company added nearly 1,500 agents during the second quarter, achieving a total headcount of 11,500 agents as of June 30. Real recorded $185.3

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Brokerage Agents Title Lending 295

Housing Wire

JUNE 3, 2024

“We are thrilled to bring this AI-powered tool to agents and look forward to its transformative impact on their work,” Chris Cox, KW’s chief technology and digital officer, said in a prepared statement. Keeping them ahead of the curve, KWIQ empowers agents to work smarter, faster, and more effectively.”

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Technology Agents Brokerage Closing 433

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.

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VA loan Closing costs MLS Loans 411

HomeLight

SEPTEMBER 21, 2023

Maybe you’ve made it through the settlement and you’re still awaiting closing day , or perhaps you’re still negotiating with your buyer. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale? Luckily, a real estate agent can help you every step of the way.

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Closing Due diligence Inspection Title 105