Housing Wire

APRIL 30, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced their decision late last week to walk back some of these plans. I think the big the big shift here is what they laid down six months ago, allowing builders and sellers to cover some of those costs,” Cabe said.

Mortgages 314

Mortgages Closing costs Equity Construction 314

Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan 437

VA loan Agents Seller concession FHA loan 437

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Marketing 364

Marketing Title Closing costs Technology 364

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Typical seller closing costs.

Closing costs 71

Closing costs Closing Seller concession Purchase and sale agreement 71

Housing Wire

MARCH 19, 2024

Others of you will say that is a great retention opportunity for my loan officers and the market will figure all this out,” Broeksmit added. Broeksmit also reacted to the decision by the Consumer Financial Protection Bureau (CFPB) to closely scrutinize what it described as “ junk fees ” imposed on borrowers when closing a mortgage.

Loan Officer 480

Loan Officer Closing costs Loans Agents 480

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

Marketing 393

Marketing Residential Construction Mortgages 393

Housing Wire

JULY 7, 2022

Fannie Mae sought feedback while its plan was in development and learned some lenders were hesitant to implement special purpose credit programs, which can target lending products based on a protected class. More than 40% of those borrowers are Black or Latino, he added.

Equity 389

Equity Lending Closing costs Development 389

Housing Wire

NOVEMBER 27, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). However, new home sales were still up year-over-year due to a lack of housing inventory in the resale market. Builders have been struggling with the increased cost of borrowing, while many buyers were priced out of an unaffordable housing market.

Sales 351

Sales New Construction Construction Closing costs 351

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 339

Closing costs Equity Agents Technology 339

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. In fact, a veritable upheaval is headed for the housing market already. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 418

Finance Seller concession Loan Officer Loans 418

Housing Wire

AUGUST 8, 2022

This push toward “decoupling commissions” is a movement built on assumptions that have been dispelled — once again — by a recent, nationwide study that demonstrates the harmful effects this proposed change would have on the residential real estate market, particularly first-time homebuyers and those from minority groups. “Be

Closing costs 369

Closing costs Equity Development Closing 369

Housing Wire

FEBRUARY 1, 2023

“The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement. UWM, which originated $33.5 for credit reports.

Construction 393

Construction Loans Loan Officer New Construction 393

Housing Wire

MAY 5, 2023

HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments. Optimal Blue , a division of Black Knight, Inc. Black Knight, Inc.

Investor 311

Investor Finance MLS Closing costs 311

Housing Wire

OCTOBER 27, 2023

In response to the marketplace and at the urging of consumer advocates, NAR began to develop guidance for local MLS broker marketplaces as part of what always has been a very involved and public rule-making process aimed at creating the most consumer-friendly market possible. And who is hurt most by that proposition?

MLS 455

MLS Brokerage Agents Closing costs 455

Housing Wire

MARCH 20, 2024

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. While lower home prices might appear advantageous to buyers who navigate the market without professional guidance, they pose a considerable risk to current homeowners.

Debt-to-income ratio 471

Debt-to-income ratio Agents Equity Closing costs 471

Housing Wire

FEBRUARY 8, 2022

Last year’s list of honorees included and impressive range of trail blazers who navigated a challenging year without a road map, tapping into their core strengths and spearheading the conversations that moved the market forward. Take a look at some of our 2021 Rising Star recipients below and click here to see the full list.

Closing costs 268

Closing costs Finance Development Industrial 268

Housing Wire

MARCH 2, 2023

billion, largely due to improvement in tech that helped pick up market share from competitors, Max Slyusarchuk, CEO of A&D Mortgage, said in an interview with HousingWire. “We We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We billion in 2022, up from the previous year’s $2.2

Mortgages 385

Mortgages Investor Loans Banks 385

Housing Wire

MAY 9, 2022

According to a Worker Adjustment and Retraining Notification (WARN) notice submitted to the Employment Development Department (EDD) in California, the company cut 108 jobs in three rounds from February to April but intends to add 81 to the list. “A California-based Owning Corp., Guaranteed Rate is ranked No.

Lending 366

Lending Closing costs Mortgages Title 366

Housing Wire

DECEMBER 16, 2022

ALTA was proud to work closely with the Consumer Financial Protection Bureau (CFPB) to help develop these regulations, which went into effect in 2015. CFPB research shows that the TRID regulations have helped consumers better understand their closing costs and compare competing offers. Title insurance remains essential.

Title 464

Title Title search Closing costs Closing 464

Housing Wire

MAY 14, 2024

Another development in the focus on first-time homebuyers is CFPB’s recent announcement that it was going after junk fees and other non-competitive practices in the mortgage loan process. While some criticized this announcement, CHLA applauded it. All these homebuyer charges add up. We need to rein them in. Three yards and a cloud of dust.

FHA loan 295

FHA loan Loans Title Mortgages 295

Housing Wire

NOVEMBER 21, 2022

CoreLogic is proud to sponsor Convergence and lead the development of a novel solution to this thorny supply challenge. The front end of the development cycle (from initial concept, to planning, permitting, and finally, a “shovel-ready” project) can take double-digit months or even years to complete.

Finance 338

Finance Design Equity Construction 338

Toronto Realty Blog

AUGUST 12, 2022

.” I don’t know what would be worse: wanting to assign a pre-construction condo that you purchased two days ago, or wanting to sell a pre-construction condo that you bought in February at the market peak. I’m not exactly complimentary of the pre-construction industry, or developers, or assignments,” I added.

Sales 93

Sales Marketing Purchase and sale agreement Construction 93

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty.

Debt-to-income ratio 353

Debt-to-income ratio Closing Loans Closing costs 353

Lab Coat Agents

MAY 21, 2024

In today’s rapidly evolving real estate market, assumable mortgages have emerged as a game-changer for homebuyers seeking to save money and secure favorable financing terms. Interest Rates: Assumable mortgages allow buyers to take advantage of the seller’s existing interest rate, which may be lower than current market rates.

VA loan 98

VA loan Mortgages Loans FHA loan 98

Housing Wire

NOVEMBER 3, 2021

The government-sponsored enterprise will provide closing cost credits on multifamily loans for rental landlords who agree to report on-time rental payments through Esusu Financial. Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus.

Finance 433

Finance Closing costs Property Management Equity 433

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019.

Renovation 370

Renovation Equity Mortgages Closing costs 370

Easy Agent Pro

SEPTEMBER 5, 2023

In today’s competitive real estate market , bidding wars have become common. Here, we’ll explore several novel yet effective ways of outwitting competition and increasing your chances of successful bidding in competitive markets. Start by researching the current market conditions where you intend to buy a property.

Earnest money deposit 76

Earnest money deposit Seller concession Purchase and sale agreement Pre-approval 76

Housing Wire

JUNE 8, 2022

We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. We do hope the GSEs start exercising market leadership [on special purpose credit programs],” a FHFA official said on a press call today.

Equity 307

Equity Finance Loans Development 307

Housing Wire

OCTOBER 13, 2022

One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. Based on those plans, both GSEs are pushing pilot programs promoting the use of attorney opinion letters, reportedly as an alternative to reduce closing costs.”.

Title 291

Title Closing costs Title search Closing 291

Housing Wire

NOVEMBER 30, 2023

These programs can provide grants, low-interest loans or second mortgages to cover a portion of the down payment and closing costs. Remind clients about demographics for DPAs First, we educate clients that DPAs often target specific demographics, such as low-income families, veterans or those living in high-cost housing markets.

FHA loan 351

FHA loan Loans Equity Mortgages 351

Housing Wire

SEPTEMBER 15, 2023

Department of Housing and Urban Development (HUD) which is offered to public servants, such as first responders. Other great things about VA loans: No Prepayment penalties, sellers can contribute to closing costs, refinancing can happen up to 100% of the home’s value and repayment workouts if the veteran has payment issues.

VA loan 385

VA loan Loans Mortgages Closing costs 385

Housing Wire

DECEMBER 22, 2021

rental market, the report notes. It’s much more complicated to gather that data, rather than utility or telecommunications [data], because both of those markets are more consolidated,” said Thompson Cochran. The secondary market prizes consistent data across lenders and portfolios. trillion mortgage portfolio.

Equity 389

Equity Finance Mortgages Closing costs 389

Realty Biz

FEBRUARY 28, 2023

Department of Housing and urban development Yes, we know. HUD housing is a program offered by the Department of HUD or Housing and Urban Development. HUD homes are foreclosed properties with an FHA-backed mortgage taken over by the US Department of Housing and Urban Development after a homeowner defaults on their loan payments.

FHA loan 103

FHA loan Closing costs Loans Investor 103

Realty Biz

FEBRUARY 19, 2023

First Centennial Mortgage is listed as a 2022 Top IHDA Mortgage Lender by the Illinois Housing Development Authority. The Illinois Housing Development Authority (IHDA) offers a variety of programs designed to help Illinois residents afford homeownership. For more information, visit goFCM.com.

Mortgages 98

Mortgages Closing costs Development Residential 98

Housing Wire

AUGUST 21, 2023

510 PadSplit 1,152% 2017 Creator of a co-living market platform enabling workers to live in the communities they serve. 533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose.

Equity 349

Equity Technology Investor Lending 349

Housing Wire

MAY 23, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. We are seeing many lenders take advantage of this opportunity by increasing their share of the fast-growing home equity market.

Equity 316

Equity Title Technology Loans 316