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Yes, Cash Buyers Pay Closing Costs, and Sometimes Even the Seller’s Fees

HomeLight

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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Selling a Home in Arizona? Here are the Closing Costs You’ll Pay

HomeLight

Arizona home sellers hoping to exchange the front door keys for a net gain on the sale should be aware that there are several closing items they’ll be responsible for, even as a hot seller’s market rocks the Sun Belt state. Most people don’t really concern themselves with the sell-side costs,” Wexler says. Closing Cost.

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How non-QM lender A&D Mortgage grew origination volume in 2022

Housing Wire

While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. Our credit committee actually works with rating agencies, investors and investment bankers to put together our own guidelines. bps toward closing costs at the time of the closing. “We

Mortgages 385
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Sundae raises $36 million in Series B funding

Housing Wire

Residential real estate marketplace Sundae has announced it closed $36 million in Series B funding on Tuesday, led by QED Investors and with additional participation from Founders Fund , Susa Ventures , Navitas Capital , Prudence Holdings and General Global Capital. million in Series A funding this June.

Investor 343
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 350
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Senator urges DOJ to investigate FICO over increasing costs to mortgage lenders

Housing Wire

per FICO score, and that constitutes less than two-tenths of 1% of the average closing costs of $6,000 per mortgage and is 15% or less of the average cost of a $70 tri-merge credit report.” Changes in credit report costs may result in lawsuits against the company.

Mortgages 401
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UWM sued over ‘corrupt’ scheme with brokers to steer loans

Housing Wire

Hunterbrook’s business model is to sensationalize public information to manipulate the stock market, thereby enriching their wealthy funders at the expense of regular investors, many of whom are hard-working UWM employees,” the spokesperson said. And even those offerings generally do not convert into actual savings for clients.”

Loans 447