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Fannie Mae changes homeowner education requirements

Housing Wire

Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Buying a home can be especially intimidating for first-time, first-generation homebuyers who do not have the benefit of family members to guide them through the process.

Finance 471
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Illinois homebuyers file second commission lawsuit, and it may be the largest one yet

Housing Wire

Known as Batton 2, after the lead plaintiff Mya Batton, the lawsuit accuses Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman of conspiring to artificially inflate agent commissions, resulting in elevated home-buying costs. Batton 2 commission lawsuit details Filed on Nov.

MLS 423
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Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Mat Ishbia: In the 2022 and 2023 markets, rates went up a lot. I think 2022 and 2023 are equally tough years. Mat Ishbia is optimistic about the mortgage market.

Loans 362
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Mortgage Rates Soar to Highest Level Since November

Marco Santarelli

Conversely, states like Minnesota, Oregon, and Tennessee have reported higher-than-average rates, reflecting regional disparities in the mortgage market. Conversely, states like Minnesota, Oregon, and Tennessee have reported higher-than-average rates, reflecting regional disparities in the mortgage market.

Mortgages 111
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Luxury Real Estate Headlines: First Week in April 2022

Sotheby's International Real Estate

7 Best Places to Buy a Vacation Home in New York — From the Adirondacks to the Hamptons – Travel + Leisure . 300,000 Homes in Minnesota, Maryland and Oregon – New York Times . Continue reading Luxury Real Estate Headlines: First Week in April 2022 at Sotheby´s International Realty | Blog. Asking $24.5

Sales 113
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The Decline of Million-Dollar Cities in the U.S.

Broke Agent Media

cities where the typical home value is $1M or more was 522 in July 2022. Since the housing market’s peak in July 2022, the number of U.S. When mortgage rates spiked in the second quarter of 2022, both housing demand and supply hit a wall as fewer buyers could afford homes with higher price tags. home dropped 4.1%

Land 98
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What is Minneapolis Known For? 10 Things That Will Make You Fall in Love with the Mini-Apple

Redfin

If you’re considering buying a home in Minneapolis , you may first want to know, what makes this city so special? Everybody knows Minnesota is home to over 10,000 lakes, including beautiful Bde Maka Ska, Harriet, and Lake of the Isles in Uptown Minneapolis. University of Minnesota. But honestly, it should be. Anthony Falls.