Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. To date, LoanSnap has attracted about $53 million in venture capital investment.

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Housing Wire

SEPTEMBER 13, 2022

Fitch Group , the parent of bond-rating firm Fitch Ratings , is acquiring a majority ownership stake in capital-markets fintech company dv01 — which provides data and analytics services to the structured-finance market. Terms of the deal were not disclosed. The dv01 deal is the latest in a series of acquisitions by Fitch Group.

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Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

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Housing Wire

NOVEMBER 30, 2021

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And we’re actively hiring. Are we planning to double the size of the firm every two years?

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Housing Wire

AUGUST 14, 2023

“UBS was allegedly aware of these significant problems because it had conducted extensive due diligence on the underlying loans prior to the RMBS being issued to determine whether the loans were consistent with representations that would be made to investors. It acquired the rival this year for $3.4

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Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. This guide will navigate you through these complexities. Let's dig into what you should know.

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Land Due diligence Title search Finance 127

Housing Wire

AUGUST 12, 2022

The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

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Housing Wire

APRIL 30, 2021

This is further exacerbated by a broader origination landscape that forces lenders to cobble together technology, operational and financing solutions from a variety of players throughout the market to support the lending process from start through close.”. Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

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Housing Wire

SEPTEMBER 29, 2023

There were no real surprises to be found in the transaction process that were not previously identified by prior due diligence conducted by Mr. Cooper, Bray added. This is according to Jay Bray, CEO of Mr. Cooper, in an interview on HousingWire’s Housing News podcast hosted by HW Media CEO Clayton Collins. “We’ve

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Housing Wire

MAY 10, 2022

The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. In Hill’s case, he was sentenced this past January to two-and-a-half years in federal prison to be followed by three years of supervised release. For purchase-only loans, that ratio tightens to 1 in 90 loans. “It Million — [Tampa, Florida].

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Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

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Loans Purchase and sale agreement Due diligence Industrial 351

HomeLight

SEPTEMBER 21, 2023

These can include where you live, whether it’s a cash or mortgage-financed sale, and whether you’re working with a top real estate agent. Before the settlement — when you start signing documents — you’ll have to get through what’s called an “inspection period” or “due diligence period,” depending on where you live.

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Housing Wire

MAY 5, 2022

In the best-case scenario, the renter wants to buy the home, has a down payment, and qualifies for standard financing. If the renter doesn’t qualify for financing and/or doesn’t have a large down payment, you can offer seller financing. You can provide financing for a few years (you choose the terms).

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Realty Biz

JANUARY 25, 2023

Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence. By doing your research and due diligence, you will be better equipped to make an informed decision about whether to purchase a property and at what price.

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Realty Biz

MARCH 14, 2024

When you tap into the equity in your home, you can access funds and a lower interest rate compared to traditional financing forms. Some of the most common are: Real Estate Investments : Using a HELOC to fund the purchase of rental properties or to finance renovations can be a lucrative strategy, especially in a favorable real estate market.

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HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

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Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. We paid $222,000 for the home, with a $44,400 cash down payment (20%) and financing $177,600 for 30 years.

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Housing Wire

NOVEMBER 22, 2023

And for some, it’s scary because they don’t like change, but I think not embracing it is where the true risk comes into play — for both an organization and the profession overall. It’s moving so much faster than ever before. And generative AI is probably the best example of that. SW: How is Class Valuation leveraging AI?

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Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Portico Direct explains that the whole process of financing real estate is often filled with frustration with all kinds of credit, income, and identity checks. Intermediaries.

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HomeLight

DECEMBER 12, 2023

A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. Get Started What is a mortgage contingency?

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HomeLight

MAY 10, 2024

How to find cash home buyers in Columbus Cash offers are more secure than financed ones and typically come with fewer contingencies. Do your due diligence Research and verify the credibility of any cash-for-homes company you’re considering before reaching out to them. No showings, no repairs, no open houses.

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Realty Biz

NOVEMBER 14, 2023

They can have a competitive advantage over those who rely solely on financing. Yet, careful due diligence is essential to understand these properties' potential risks and costs well. The housing market is a dynamic and ever-changing landscape. It plays a crucial role in the economic health of a region.

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Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. As one might expect, the comments revealed differing opinions. ” The Value of the Human Appraiser. .” ” The Value of the Human Appraiser.

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Realty Biz

MARCH 30, 2023

Assess Your Finances As you might assume, a good place to begin is by assessing your finances. When searching for someone to work with, be sure to read online reviews and do your due diligence. Therefore, make sure you do your due diligence before signing any contracts. Let's take a closer look.

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Marco Santarelli

SEPTEMBER 26, 2023

In simplest terms, a real estate lease option is the right to control a property without the obligation to buy it. As a real estate investor, when you have such an option, you have the opportunity to buy a property during a set period of time, but you aren’t required to do so. In most cases, you’ll have to pay an option fee.

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Housing Wire

MAY 12, 2022

Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio. Not everyone will have the finances or desire to buy a home, but you can provide it for them and collect the cash flow. Is the market usually mediocre? Job Growth.

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Property Management Due diligence Finance Investor 385

HomeLight

MAY 10, 2024

If you’re a homeowner looking to avoid the traditional market headaches — think contingencies, financing delays, and appraisals — accepting a cash offer ensures a faster, less complicated home sale. Do your due diligence When dealing with cash home buyers, it’s important to verify their legitimacy and reliability.

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Housing Wire

JULY 27, 2021

While the recent movements in interest rates may provide some additional refinancing volume and an ability to take another bite at the apple, rates will undoubtedly rise in the coming years. The industry knows this and is looking for ways to increase profitability while preserving origination volume optionality.

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Realty Biz

JUNE 20, 2023

However, it requires a sound strategy and due diligence to find the best deals. Financing: Foreclosures can sometimes be challenging to finance. Foreclosures, in particular, offer a unique opportunity to purchase properties at below-market rates. A BPO can help you understand whether a foreclosure is priced reasonably.

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CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. Cash, As-Is, no appraisals… easy peasy!

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HomeLight

AUGUST 31, 2021

The most obvious contingency with an offer that requires financing is, of course, the financing itself. He explains that because the real estate market in 2021 is so competitive, these downsizing buyers — who would have otherwise probably financed their next home — are opting to pay cash to make their offer more attractive.

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Realty Biz

FEBRUARY 1, 2024

Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence. Understanding the role of a buyer's agent is essential in facilitating smooth and successful property transactions. It allows you to get the most out of your buying experience. Let's dig in!

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Realty Biz

DECEMBER 8, 2022

Here are all of the steps to consider in order to get financing for a home purchase. Your debt-to-income ratio is an important consideration when lenders look at your finances. But whatever your DTI ratio, you should try to ensure you do not commit to a mortgage that over-restricts your finances. How to Get a Mortgage.

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Housing Wire

MARCH 17, 2022

Similarly, the Federal Housing Finance Agency ’s [FHFA’s] suspension of the cap on agency purchases of investment properties and second homes this past September has continued to create a drag on those deals flowing into the PLS market. Pelka agrees that the PLS market is under pressure. “In

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Loans Marketing Due diligence Residential 292

Realty Biz

AUGUST 30, 2021

When buying a fixer-upper, one of your primary considerations should be how you will finance the project. The beauty of FHA 203k loans is that you can combine the financing of the purchase of a home and the cost to make repairs and renovations. Let’s take a look at all the things you should know about this type of financing.

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FHA 203k rehab loan Loans Renovation Due diligence 138

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. If so, you’re in luck because this Redfin article is tailor-made just for you. Let’s get started!

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Realtor.com

AUGUST 13, 2020

Two, if the mortgage lender finds out that your finances are less than ideal for homeownership—because of, for instance, a poor credit score—it can take months to clean up your finances so you’re in better standing. This timeline is important for buyers to keep in mind for a variety of reasons. Step 2: Find your dream home.

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