Housing Wire

APRIL 7, 2025

In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Now theyre relying more on state and local grants, if available. Despite the setback, Herrera remains optimistic. Our community is resilient.

Commercial 370

Commercial Title Closing costs Equity 370

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 466

Closing costs Development Equity Mortgages 466

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development. It is also wary of some of the proposals.

Construction 534

Construction Closing costs Renovation Title 534

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

NOVEMBER 7, 2023

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. “But agent commissions have never been a closing cost from a buyer perspective.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

SEPTEMBER 10, 2022

The SPCP, called “closing the gap,” permits a 1% down payment with a free appraisal, free home warranty program, free homebuying counseling and financial assistance with closing costs. The SPCP loan program will be piloted in Atlanta, Baltimore, Chicago, Detroit, Memphis and Philadelphia.

Loans 421

Loans Development Closing costs Finance 421

Housing Wire

JULY 12, 2023

The lender said qualified buyers will receive up to $10,000 toward their downpayment/closing costs with BorrowSmart Geo-Target, or $5,000 toward their downpayment/closing costs and up to $1,000 toward home warranty and appraisal costs with the HomeReady SPCP.

Closing costs 370

Closing costs Finance Lending Development 370

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 421

Equity Lending Closing costs Development 421

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. Certner cited fair lending concerns and the potential of undue borrower influence. These consumer protections have always been an important aspect of the HECM program.”

Mortgages 408

Mortgages Closing costs Equity Construction 408

Housing Wire

JULY 5, 2023

For example, Wells Fargo has developed an ‘Earn the Business’ program for the Bilingual team. In the fall of 2022, management created a mandatory Bilingual team program whereby employees were instructed to offer a ‘Refinance Cash Out’ product without directly mentioning the substantial financial cost of the product to borrowers.”

Mortgages 370

Mortgages Closing costs Lending Closing 370

Housing Wire

JUNE 28, 2024

Unfortunately, the Consumer Financial Protection Bureau (CFPB) recently issued a Request for Information (RFI) on mortgage closing costs—including title insurance—that continues a concerning pattern of labeling legitimate, well-regulated, and transparently disclosed costs and services as “junk fees.”

Title 384

Title Closing costs Closing Industrial 384

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Some of these costs, such as property taxes and insurance, apply to homeownership in general.

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

Housing Wire

DECEMBER 16, 2022

However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy. Diane Tomb, ALTA CEO Contributor.

Title 473

Title Title search Closing costs Land 473

Housing Wire

AUGUST 4, 2022

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. The government-sponsored enterprise will start accepting such loans immediately.

Loans 496

Loans Principal Banks Closing costs 496

RIS Media

JANUARY 18, 2022

If you’re planning to buy a home, you may be eligible for help with closing fees. How Do Closing Cost Assistance Programs Work? Each state has programs that provide homebuyers with funds that can be used for a down payment and/or closing costs. Department of Housing and Urban Development to offer assistance.

Closing costs 96

Closing costs Closing Loans Mortgages 96

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

Construction 397

Construction Loans Loan Officer New Construction 397

Housing Wire

FEBRUARY 8, 2022

Bobby Burns , VP, Product Management at OJO Labs spearheaded the development of one of the real estate industry’s first and only end-to-end platform for homebuying and selling, providing unparalleled support to consumers and real estate partners alike.

Closing costs 356

Closing costs Finance Development Industrial 356

Housing Wire

MAY 1, 2024

First-generation homebuyers as a cohort are “less likely to receive financial assistance from parents to help with the down payment and other upfront costs when purchasing a home,” according to Freddie Mac.

Mortgages 431

Mortgages Finance Loans Closing costs 431

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 397

Lending Closing costs Title Mortgages 397

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

Housing Wire

OCTOBER 13, 2022

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference. We are protecting the American Dream,” Tomb said.

Title 384

Title Closing costs Title search Closing 384

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 97

Closing costs Closing Seller concession Purchase and sale agreement 97

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 358

Closing costs Equity Agents Technology 358

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.

Investor 382

Investor Finance MLS Closing costs 382

Housing Wire

JANUARY 17, 2024

They are able to maximize their cash investment on a new home and more comfortably afford an upscale home or a property in a more desirable location — whether it be closer to family or in a luxury housing development with additional amenities. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We bps toward closing costs at the time of the closing. “We We believe that this is the time of opportunity because the rates can go up, but sooner or later, they will start coming down.”

Mortgages 397

Mortgages Loans Investor Banks 397

Housing Wire

NOVEMBER 27, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. below the revised September rate of 719,000 but is 17.7% above the October 2022 estimate of 577,000. in the Northeast, 5.8%

Sales 420

Sales New Construction Construction Closing costs 420

Housing Wire

MARCH 28, 2022

These companies are advancing the market and closing fragmentation gaps by using technology to digitize and simplify multiple aspects of the real estate value chain to create a better customer experience. iBuyers are property companies that do the buying and selling of a home digitally. alone is worth about $40T.

Marketing 384

Marketing Title Technology Closing costs 384

RIS Media

AUGUST 21, 2023

And, for agents, every opportunity to help clients save money is an opportunity to gain their trust and appreciation—two ingredients for… The post Uncovering Hidden Savings: Helping Create Lifelong Clients by Reducing Title and Closing Costs appeared first on RISMedia.

Closing costs 98

Closing costs Title Closing Mortgages 98

Housing Wire

OCTOBER 21, 2021

The resources help families with 80% or less of the area median income for down payments or closing costs, for example. Ritchie Torres (D-NY) introduced a bill in both houses proposing changes to the program due to the economic crisis caused by the pandemic, and to spur economic development in low-income communities.

Banks 370

Banks Loans Equity Development 370

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 441

Finance Closing costs Property Management Equity 441

Housing Wire

MAY 20, 2024

The CFPB advises that upfront fees can be “as much as $6,000 plus closing costs in an initial mortgage insurance premium,” in addition to an annual mortgage insurance premium and obligations related to property taxes and homeowners insurance. Department of Housing and Urban Development (HUD).

Mortgages 417

Mortgages Equity Loans Closing costs 417

Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. How much are closing costs on a cash offer?

Closing costs 31

Closing costs Closing Purchase and sale agreement Title search 31

Housing Wire

MAY 23, 2022

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. These digital solutions, especially those offered by ServiceLink, work just as well in the home equity title/close process.

Equity 383

Equity Title Technology Loans 383

Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”.

Equity 369

Equity Finance Loans Development 369

Housing Wire

AUGUST 19, 2024

The groups criticizing CFA, and by extension, DOJ, argue that uncoupling commissions will harm first-time home buyers, especially Black and Hispanic homebuyers who may have limited resources to pay down payment and closing costs.

Purchase and sale agreement 431

Purchase and sale agreement Finance Industrial Agents 431

Housing Wire

JULY 22, 2024

ZL: What are the core principles or pillars that underpin Consolidated Analytics’ approach to quality control, and how do these principles guide the development and implementation of your QC initiatives?

Lending 411

Lending VA loan Banks Investor 411