Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

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Housing Wire

OCTOBER 6, 2021

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. And it wasn’t great.

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Housing Wire

AUGUST 24, 2023

and created a refi boom for mortgage lenders like Better. But Better’s debut came at a low point in the mortgage market, with mortgage rates at their highest levels in more than two decades and historically low levels of home sales. The agreement reduced SoftBank’s maximum commitment to $550 million.

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Housing Wire

OCTOBER 25, 2023

On Wednesday, top executives at the company told analysts that Mr. Cooper is now the largest servicer in the country and will continue to grow its portfolio by acquiring large bulks of mortgage servicing rights (MSRs), mainly from banks expecting additional capital requirements through Basel III rules. Mr. Cooper had 4.3 billion in Q2 2023.

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Housing Wire

AUGUST 28, 2023

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. billion in production volume in the first half of 2023, refis accounted for $131 million and purchase loans consisted of $1.6 Better’s total market share of 0.2% in the same period in 2022.

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CT Homes

MARCH 7, 2024

If you’re a homeowner pondering the possibility of selling your house, you might find yourself wrestling with a common question: Can you sell a home with a mortgage ? It’s a widespread belief that a mortgage chains you to your property until every last penny is paid off.

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HomeLight

DECEMBER 28, 2023

Whether it’s to buy a house with a lower interest rate or to purchase a property from a family member, more home shoppers today are asking: Can I take over mortgage payments?” However, the concept of taking over mortgage payments on an existing home is often misunderstood. What is an assumable mortgage?

Loans 101

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Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Down Payment : The amount of money you pay upfront towards the purchase of your home.

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HomeLight

JANUARY 19, 2024

The decision to waive the mortgage contingency, while potentially making your offer more appealing, carries a sloshing bucket of risks and considerations. But it can also tilt a sale in your favor. You can then make a strong offer on your next home with no home sale contingency. Learn More What is a mortgage contingency?

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HomeLight

FEBRUARY 26, 2024

Today, in some parts of the country, home prices have made it almost a necessary reality for those who need to live in high-cost housing markets. We’ll look at the financial mechanics behind affording a luxury home and explore alternatives that can make your dream purchase a reality. But how do people afford million-dollar homes?

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Toronto Realty Blog

NOVEMBER 13, 2023

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall. And what does Bob the Buyer do?

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GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This is the third update to the market map and includes over 100 additional companies — a testament to the pace of entrepreneurship in this segment.

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Realty Biz

JANUARY 15, 2024

In today's real estate market, buying a house before selling yours is possible. One popular option is a bridge loan, a short-term loan that allows you to finance the purchase of a new home while you wait for your existing home to sell. Before utilizing this option, many buyers will look to qualify for two mortgages instead.

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HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. billion in mortgages last year. Guaranteed Rate’s $73.9

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Broke Agent Media

MAY 16, 2023

BAM Key Details: The results of a new Opendoor survey reveal an inconsistency in housing market expectations, along with areas where buyers and sellers can meet in the middle. Data from a new Opendoor survey is shedding some light on how buyers and sellers see the housing market, what their top concerns are, and what they can agree on.

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Broke Agent Media

JANUARY 18, 2023

Researchers at Capital Economics recently shared their predictions on the 2023 housing market. . Sam Hall, Property Economist, pointed to signs the housing market may be close to a trough, with recent improvements in affordability, albeit from a record low. . housing market this year is likely to be tepid. .

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HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” What buyer contingencies might put a listing back on the market? You wonder, what’s the difference between under contract versus pending?

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Realty Biz

OCTOBER 4, 2022

Here’s how to determine if rent-to-own or a mortgage is best for you. . Rent-to-own is a contract between the homeowner and the buyer that sets aside a certain percentage of rent towards an agreed-upon home purchase price. A portion of the rent goes towards the sale of the house when the lease agreement ends.

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Realty Biz

JULY 11, 2022

When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. Buyers and sellers will often negotiate these items before reaching an agreement. Buyers and sellers will often negotiate these items before reaching an agreement.

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HomeLight

SEPTEMBER 30, 2020

For a homeowner, that might look like not being able to make mortgage payments for a period of time. Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. Short sales 101.

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GeekEstate

MARCH 4, 2024

We have a job opportunity to share from a member of GEM Diamond, EasyKnock , an institutionalized sale-leaseback residential platform. Company Description EasyKnock is a equity solutions platform giving homeowners flexible, quick solutions for their financial needs.

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Realty Biz

DECEMBER 12, 2022

There might be a prenuptial agreement, or you might be in a community property state or an equitable distribution state. There are three main ways property is divided in a divorce: Both spouses sell it and split the equity. Both spouses agree to defer a sale until a later date. One spouse buys out the other. The Family Home.

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HomeLight

SEPTEMBER 30, 2020

As excited as you are about the prospect of a successful sale, you’re hesitant to sign a contract without knowing you’ll have somewhere to go. Enter the use and occupancy agreement. While a use and occupancy agreement might seem a lot like a lease, there are some fundamental differences. Source: ( Andrea Davis / Unsplash ).

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HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements. Lease-purchase agreements.

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HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Check your equity to get started. As a military member selling a house, the options available to you depend on your equity , which is the percent of your home that you own outright. VA-backed mortgage as marketing.

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HomeLight

OCTOBER 25, 2021

“In the right scenario, yes,” it may make sense to sell to your renter, says AJ Petterson with The Advisory Realty Group , a high performance real estate team in Minneapolis that also specializes in Townhome sales. As is advisable in any home sale, work with a top real estate agent to evaluate the strength of your renter’s offer.

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RIS Media

OCTOBER 14, 2020

If you agree to a sale price that’s less than the appraised value, you’ll have to pay the difference out of pocket. If the purchase agreement contains an appraisal contingency, the seller may have to negotiate with you to get the sale price within a specific percentage of the appraised value. Lack of Equity.

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Realty Biz

NOVEMBER 14, 2022

Some liens are voluntary, granted by the property owner — such as a mortgage. Some liens are a common and expected part of being a homeowner such as a mortgage that was already mentioned. This is more likely to happen to a person who outright owns their home or property than it is to a person paying a mortgage. Mechanics Lien.

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HomeLight

NOVEMBER 9, 2021

Any additional information the appraiser used in the appraisal process, including market sales data, public land records, or tax records. If you are selling or refinancing your home, the lender that is financing the mortgage will schedule the appraisal. Appraisal for a lender-financed home sale. Qualified appraisal.

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Redfin

MAY 7, 2021

Homeowners in a seller’s market face a conundrum. You can expect high prices in a competitive housing market where homes are selling in record time. Here are six options to consider when deciding on selling and buying in a seller’s market. 6 options for selling and buying in a seller’s market.

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Zolo

AUGUST 13, 2020

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . I was wondering if you know of any strategies to solve our mortgage interest deduction dilemma. . The plan is to take out a mortgage on property C and move into this property as our new principal residence.

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Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. properties with a foreclosure filing. This becomes REO.

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Realty Biz

MAY 19, 2022

Most people buy their homes with the assistance of mortgages or VA loans. Down payments can vary depending on the terms of your mortgage or loan, ranging anywhere from 5% to 20%. That means if you’re buying a $200,000 home, you will need to pay anywhere from $10,000 to $40,000 up front as part of your purchase and loan agreement.

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Redfin

APRIL 13, 2022

Simply put, a rent-to-own home is a residential property that you agree to live in as a rental for a set number of years with the option to purchase the house at the end of the rental term. With most rent-to-own agreements, the renter pays an additional monthly payment that goes toward the down payment. a mortgage).

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HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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