Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Industrial MLS FHA loan Agents 414

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

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Closing Marketing Title Title search 259

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence. They’re using it to help shape the process going forward.

Mortgages 369

Mortgages Closing costs Equity Construction 369

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.

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Closing costs Closing Seller concession Purchase and sale agreement 75

Housing Wire

NOVEMBER 3, 2023

homegenius Real Estate understands the need to deliver differentiated value in a very congested market. Through this offering, consumers may also be eligible to receive a rebate* at closing. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

Closing costs 381

Closing costs Short sale Technology New Construction 381

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” “But agent commissions have never been a closing cost from a buyer perspective.

VA loan 449

VA loan Agents Seller concession FHA loan 449

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced.

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Mortgages Loan Officer Marketing Seller concession 356

Housing Wire

MARCH 9, 2023

The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. We know that closing costs continue to be a barrier for homebuyers – especially among underserved populations and first-time homebuyers,” a Fannie Mae spokesperson wrote in an email. “We

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Title Closing costs Finance Land 393

Realty Biz

OCTOBER 10, 2023

The current real estate market is facing a number of unfavorable factors, including rising interest rates , inflation, and a limited supply of homes. However, there are a number of things that real estate professionals can do to market their properties effectively in this market. Is it in a desirable location?

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Industrial Marketing Staging Closing costs 86

Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. Meanwhile, Rocket is as committed as ever to becoming a fintech company and reducing its customer acquisition cost by adding more consumer-focused products, such as the app Rocket Money.

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Marketing Banks Mortgages Industrial 351

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. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 447

Finance Seller concession Loan Officer Loans 447

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.

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Closing costs Equity Agents Technology 351

Housing Wire

MARCH 28, 2023

Rocket Companies has rolled out its first credit card in order to attract potential homebuyers and existing homeowners into its ecosystem amid one of the most challenging mortgage markets in decades. In turn, homebuyers can use points to get discounts on their closing costs in the future.

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Closing costs Finance Principal Mortgages 404

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs.

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Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

FEBRUARY 12, 2024

This is why it’s more important than ever for independent mortgage brokers across the country to establish themselves as an expert and trusted advisor in the mortgage industry. Are they interested in buying, but worried about down payment and closing costs? Read up on industry news every day.

Mortgages 441

Mortgages Loans Closing costs Industrial 441

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

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VA loan Loans Mortgages Lending 433

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. Due to a misfiling, nobody knew of an encroachment until months after closing.

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Title Title search Closing costs Closing 464

Housing Wire

APRIL 26, 2023

Another tactic is to capitalize on newly built homes – a silver lining in the inventory-lacking market – which now account for a third of available inventory, double than normal levels, according to Redfin. Capitalizing on the two-story market New builds represent another silver lining.

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. And Posnick is certainly not alone in his apprehension. “It

Agents 424

Agents Industrial Closing costs As-is 424

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Market research backs that up. Scale for scalability’s sake doesn’t mean anything if a company has to contract at the first sign of market stress.

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Lending Marketing Pre-qualification Pre-approval 346

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. It is also the third-biggest source of claims in our industry right now.

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Title Closing costs Title search Closing 347

Housing Wire

SEPTEMBER 16, 2020

In an interview this week with HousingWire, the 40-year-old Ishbia dished on how the third quarter is shaping up , capacity limits in the mortgage industry, the likely impact of the upcoming adverse market fee , and the company’s latest low-rate mortgage product, a 30-year fixed cash-out refi at rates as low as 2.5%.

Mortgages 457

Mortgages Marketing Title Loans 457

Housing Wire

MAY 14, 2024

While most people are focused on how the proposed NAR commission settlement might change the realty industry, not enough focus is on first-time homebuyers, who might have to come up with significantly higher down payments, which in turn could exacerbate biases against homebuyers using FHA loans. But now a new threat is emerging on this front.

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FHA loan Loans Title Mortgages 308

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. The third iteration was pioneered by Calque and is the most cost-effective model of the three.

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Backup offer Loan Officer Home sale contingency Branding 401

Housing Wire

APRIL 18, 2023

In slow or even healthy purchase markets, these points can put a lender at a competitive disadvantage and constrict margins unnecessarily. They could also include improving the post-closing process. And, in particular, closing fees. Finally, we know that the average time to close remains above 50 days.

Mortgages 368

Mortgages Technology Closing costs Title 368

Housing Wire

APRIL 11, 2022

In addition, letters must be addressed to the lender and all successors-in-interest, be commonly accepted in the property’s jurisdiction, provide gap coverage for the duration between closing and recordation, and include certain other information. Fannie Mae did not return a request for comment.

Title 404

Title Closing costs Loans Closing 404

Housing Wire

DECEMBER 31, 2021

This week’s HW+ member spotlight features Sarah DeCiantis, chief marketing officer at United Wholesale Mortgage. As a 2019 Vanguard and Women of Influence , DeCiantis is the catalyst behind United Wholesale Mortgage’s strategic approach to marketing, which has helped the company become the No. 1 wholesale lender.

Industrial 381

Industrial Closing costs Mortgages Closing 381

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 363

Investor Finance MLS Closing costs 363

Marco Santarelli

MAY 11, 2024

housing market has been on a rollercoaster ride in recent years. Let's dissect the data from ATTOM, a leading real estate data provider, to gain a clearer picture of the current market's health. Let's dissect the data from ATTOM, a leading real estate data provider, to gain a clearer picture of the current market's health.

Mortgages 103

Mortgages Marketing Equity Pre-approval 103

Housing Wire

DECEMBER 30, 2022

The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry trends. The first is the overall business transformation that’s taking place in the mortgage industry. These are top of mind for my team, our clients and the industry. Because I am.

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Lending Industrial Mortgages Loans 364

Housing Wire

FEBRUARY 8, 2022

Each year, HousingWire’s Rising Stars award spotlights 50 industry-changing young professionals in housing who have made their mark in the housing economy before their 40th birthdays. Take a look at some of our 2021 Rising Star recipients below and click here to see the full list. nominate them today !

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Closing costs Finance Development Industrial 324

Housing Wire

MAY 9, 2022

The layoffs affect mainly mortgage consultants, specialists, and assistants, but it targets underwriting and closing professionals. It specializes in low-rate mortgage refinances, in which it originates a loan with no closing costs, including appraisal, credit report, escrow and title. Guaranteed Rate is ranked No.

Lending 391

Lending Closing costs Mortgages Title 391

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ wrote in the filing. “If

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MLS Lending Closing costs Agents 424

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Here are five seller concessions that I’m using that can help navigate today’s market: 1. Home repairs One way of receiving seller concessions is when the seller agrees to pay for the buyer’s repair costs.

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Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officer 392

Loan Officer Equity Finance Loans 392

Realty Biz

OCTOBER 25, 2021

Digital closing software startup Endpoint Closing Inc. Endpoint sells a mobile-backed platform that relies on artificial intelligence-powered smarts to streamline document submission and handling and speed up the time it takes to close on a home sale. it said this week. billion worth of transactions so far.

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Closing Title Development Closing costs 94

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. These features make VA loans one of the most attractive loan programs available in the industry.

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VA loan Loans Mortgages Closing costs 412