Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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 478

VA loan Agents Seller concession FHA loan 478

Housing Wire

NOVEMBER 3, 2023

Not available anywhere else in the industry today, consumers can gather inspiration on social media networks like Pinterest, upload photos of their dream home and homegeniusIQ, homegenius Real Estate’s proprietary technology, will instantly analyze the photos and present homes with similar features.

Closing costs 381

Closing costs Short sale Technology New Construction 381

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.

Closing 254

Closing Marketing Title Title search 254

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 370

Closing costs Equity Agents Technology 370

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. With this latest enhancement, homebuyers aged 62+ can participate in seller concessions for up to 6% of the sales price toward borrower origination fees, other closing costs, prepaid items, and discount points.

Finance 466

Finance Seller concession Loan Officer Loans 466

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.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

HomeLight

SEPTEMBER 1, 2023

In fact, some states require a licensed real estate attorney to conduct the closing of your home sale. If you’re selling on behalf of a deceased relative , for instance, or if you’re purchasing a property from out of state , you may encounter certain roadblocks come closing time.

Closing 106

Closing Title Closing costs Agents 106

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. In granting the motion to stay the case, Saris closed the docket before reopening it midday on Thursday so the DOJ could file its statement of interest.

MLS 459

MLS Lending Closing costs Agents 459

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. But it still appears that the emphasis is on the big systems — with the focus on Point-of-Sale (POS) and Loan Origination System (LOS) technology especially. They could also include improving the post-closing process.

Mortgages 358

Mortgages Technology Closing costs Title 358

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. HW: How does Calque help facilitate industry partnerships?

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Backup offer Loan Officer Home sale contingency Branding 408

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. They actually seem more on the side of the real estate agents,” Posnick said. “It

Agents 457

Agents Industrial Closing costs As-is 457

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. About 47.1%

Mortgages 346

Mortgages Loan Officer Marketing Seller concession 346

Realty Biz

OCTOBER 10, 2023

Here is what you can do when it comes to marketing properties in the current state of the real estate industry. Some common buyer incentives include closing cost assistance, a home warranty, or a free move-in. Be flexible with your closing date. Be patient.

Industrial 86

Industrial Marketing Staging Closing costs 86

Housing Wire

APRIL 26, 2023

Bridge loans are popular among his clients since they allow homeowners to tap into their equity when buying a home, as well as a professional mortgage where buyers in a specific industry can make a 10% down payment without mortgage insurance, Parkinson explained. Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 416

Loan Officer Mortgages Loans Closing costs 416

Housing Wire

APRIL 3, 2024

This policy requires brokers not to shop after locking a loan, which in the mortgage industry usually occurs at the beginning of the loan process. In addition, UWM borrower origination costs are $2,500 more than the most competitively priced lenders (those whose origination costs are at the 20th percentile), the lawsuit contends.

Loans 482

Loans Loan Officer Mortgages Closing costs 482

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.

VA loan 434

VA loan Loans Mortgages Closing costs 434

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. bps toward closing costs at the time of the closing. “We Rising rates caused refinances to dry up, production plummeted, and pink slips were issued to employees.

Mortgages 416

Mortgages Investor Loans Banks 416

Housing Wire

AUGUST 9, 2022

Luna has worked her way through the ranks and is now among the most recognizable pros in the title industry. “I I have worked every position in the title industry, from the front desk to file clerk, to copy girl, to a notary, to an escrow officer. BH: You mentioned doing sales for a builder before getting back in title.

Title 387

Title Principal Closing Industrial 387

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. In the past year, there was roughly $12 billion in sales of manufactured homes.

Loans 406

Loans Mortgages Land Finance 406

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.

Lending 350

Lending Industrial Mortgages Loans 350

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.

Closing 94

Closing Title Development Closing costs 94

Housing Wire

MAY 25, 2023

[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If

Loan Officer 410

Loan Officer Equity Finance Loans 410

Housing Wire

NOVEMBER 3, 2022

At a time when “housing affordability is at a 30-year low and weakening consumer sentiment is leading to a rapidly deteriorating home purchase market,” Jay Farner, CEO of Rocket Companies, said further consolidation is expected in the industry. Farner and other executives on the call didn’t speak much to the quarterly decline.

Principal 397

Principal Mortgages Closing costs Title 397

Realty Biz

JULY 31, 2022

Whether you are a buyer, seller, or potential real estate agent thinking about entering the industry, we will cover what you need to know about commissions and how much a Realtor makes in a year. The commission is a percentage of a home’s total sale price for working on a sale. Let’s dive in. Yes, you can.

Sales 94

Sales Brokerage Agents Closing 94

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. You are certainly not alone. In some areas of the U.S.,

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

Closing costs 353

Closing costs Closing Loans Title 353

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors. Anywhere Real Estate just settled two of the cases for a total of $83.5

Agents 409

Agents Loan Officer Lending MLS 409

HomeLight

APRIL 13, 2023

However, there’s another set of fees and charges you must be prepared for, and those are closing costs. According to ClosingCorp, which provides real estate closing cost data for the mortgage industry, closing costs in Florida, including transfer taxes, average 2.3% of the sales price.

Closing costs 78

Closing costs Closing Title Inspection 78

Housing Wire

JUNE 13, 2022

From Multiple Listing Services (MLS) to consumer-facing giants like Zillow , Realtor.com and Redfin , the real estate industry is raising awareness about homebuyer assistance programs through agent education and self-service tools that help consumers find programs they qualify for. counties. What to do.

Finance 356

Finance Loans Closing Closing costs 356

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 97

Sales Investor Renovation Due diligence 97

Toronto Realty Blog

AUGUST 12, 2022

I’m not exactly complimentary of the pre-construction industry, or developers, or assignments,” I added. “I’d rather not pay that fee if I can avoid it,” he told me. “I’m hoping we can build that into the sale.” And what will the closing costs look like? Or inquiring.

Sales 93

Sales Marketing Purchase and sale agreement Construction 93

Toronto Realty Blog

JANUARY 27, 2023

TorontoRealtyBlog “SCE” Three letters that are wreaking havoc in the real estate industry right now. Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. This offer is for $1,485,000, however, it’s unconditional , and with a quicker closing date.

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Purchase and sale agreement Sales MLS Closing 77

RIS Media

MARCH 23, 2022

QuickBuy® includes various “instant” home-sale solutions that combine instant offers with the company’s local market experience, the company stated. Offering QuickBuy® is another way to give our clients more choices and more control over their home sale,” said Berkshire Hathaway HomeServices Florida Network Realty CEO Kevin Waugaman.

Sales 82

Sales Closing Agents Closing costs 82

HomeLight

APRIL 14, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

Purchase and sale agreement 86

Purchase and sale agreement Closing costs Closing Sales 86

HomeLight

DECEMBER 30, 2022

Perhaps you need a fast home sale to start a new job. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. Request Offer.

Purchase and sale agreement 83

Purchase and sale agreement Closing costs Closing Agents 83

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

Purchase and sale agreement 76

Purchase and sale agreement Closing costs Closing Agents 76

HomeLight

DECEMBER 6, 2022

Perhaps you need a fast home sale to start a new job right away. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. Request Offer.

Purchase and sale agreement 87

Purchase and sale agreement Closing costs Closing Sales 87