Housing Wire

SEPTEMBER 27, 2023

Builders have been adjusting to the shifting market by lowering prices, and also by offering concessions, upgrades, and relatively more attractive builder financing,” Bright MLS Chief Economist Lisa Sturtevant said on Tuesday regarding new home sales. Part of the price drop has been a shift to sales of smaller, less expensive homes.”

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Marketing New Construction Finance Construction 507

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Make sure your buyers understand the difference between being prequalified, preapproved and loan-committed.

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Proof of funds Inspection contingency Inspection MLS 405

Housing Wire

MARCH 1, 2023

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

MLS 319

MLS Loan Officer Technology Loans 319

Housing Wire

SEPTEMBER 7, 2023

The three class action suits Moehrl , Sitzer/Burnett , and Nosalek , named after their lead plaintiffs, take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

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Agents Loan Officer Lending MLS 387

Housing Wire

OCTOBER 11, 2022

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform. The post Mortgage Coach integrates with Insellerate appeared first on HousingWire.

Mortgages 373

Mortgages Loan Officer Loans MLS 373

Housing Wire

AUGUST 22, 2022

NFTYDoor says traditional home equity lenders take 30 to 90 days to fund loans due to their manual underwriting. Borrowers can apply for up to three loans, subject to a limit of $750,000 per borrower. The Virginia-based mortgage lender provides $25,000 to $250,000 in home equity with a 25-year fixed-rate term. Schacknies stepped down.

Equity 346

Equity MLS Renovation Loans 346

Housing Wire

DECEMBER 14, 2023

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate on conventional loans at 6.9% Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. on Thursday. One LO said he quoted an FHA borrower at 5.7%.

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Mortgages Fixed-rate mortgage Loan Officer MLS 477

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

JANUARY 25, 2024

And HousingWire’s Mortgage Rates Center showed that Optimal Blue’s average 30-year fixed rate for conventional loans was 6.713% on Thursday, up from 6.709% at the same time last week. Meanwhile, the Bright MLS forecast for 2024 calls for mortgage rates to decline further this year, reaching 6.2% by the fourth quarter.

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Mortgages Fixed-rate mortgage MLS Banks 397

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

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Technology Development Title Lending 430

Housing Wire

OCTOBER 5, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7.60% on Wednesday, compared to 7.43% the previous week.

Fixed-rate mortgage 442

Fixed-rate mortgage Mortgages MLS Loans 442

Housing Wire

NOVEMBER 9, 2023

However, the gap between mortgage rates now and a year ago has narrowed, Bright MLS Chief Economist Lisa Sturtevant said. “At HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate for conventional loans at 7.444% on Thursday, compared to 7.576% the previous week. for the week ending Nov.

Mortgages 457

Mortgages MLS Loans Investor 457

Housing Wire

NOVEMBER 30, 2023

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate on conventional loans at 7.1% Bright MLS ’ 2024 forecast indicates that mortgage rates will fall to 6.5% That’s down significantly from last week ’s 7.29% and up from 6.49% the same week a year ago. on Thursday.

Mortgages 506

Mortgages MLS Investor Development 506

Housing Wire

OCTOBER 12, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct. Other indices showed significantly higher home loan rates this week. That’s up 8 basis points from 7.49% the previous week.

Fixed-rate mortgage 379

Fixed-rate mortgage Mortgages MLS Investor 379

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7.20% on Wednesday, compared to 7.07% the previous week.

Mortgages 422

Mortgages Fixed-rate mortgage Marketing MLS 422

Housing Wire

AUGUST 1, 2022

Bright MLS. Caliber Home Loans. Finance of America Reverse. Finance of America. Vice President, Head of Loan Portfolio Management & Structuring. Camelia Martin. Vice President of Industry and Regulatory Affairs. Carey Armstrong. Co-founder and Chief Revenue Officer. Cindy Ariosa. Chair, Board of Directors.

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Lending Title Technology Finance 382

Housing Wire

OCTOBER 11, 2023

projection is undoubtedly that between 60% and 80% of agents could wash out in the industry as buyers find alternatives to their services , MLS networks/NAR weaken, and the power paradigm shifts dramatically to sell-side agents. But the most frightening — or exciting? Who’s most exposed?

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Agents Purchase and sale agreement Brokerage Finance 469

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. their lenders) if homebuyer assistance is right for them.

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Finance Loans Closing Closing costs 359

Housing Wire

JANUARY 11, 2024

HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.66% on Thursday, down from 6.68% recorded at the same time last week. The 15-year fixed-rate mortgage averaged 5.87% this week, down from 5.89% the prior week.

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Fixed-rate mortgage Mortgages Closing costs MLS 397

Housing Wire

SEPTEMBER 26, 2023

“The Case Shiller index indicates that the typical home price in July 2023 is about 45% higher than it was four years ago in July 2019,” said Bright MLS Chief Economist Lisa Sturtevant. Mortgage holders are well-qualified and subprime loans are rare. The West (-3.8%) and Southwest (-3.6%) remained the weakest regions.

MLS 443

MLS Lending Equity Mortgages 443

Housing Wire

SEPTEMBER 1, 2022

Total Expert’s Customer Intelligence drives hundreds of new originations by looking for signals from customers of a need for mortgage financing. If you were the lender that provided the customer’s last loan, you’re usually out. This is key to overcoming borrower retention issues, a common struggle.

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Equity Loan Officer MLS Loans 297

Housing Wire

JANUARY 4, 2024

HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate on conventional loans at 6.68% on Thursday, up from 6.56% recorded at the same time last week. According to Bright MLS Chief Economist Lisa Sturtevant, the lack of inventory remains the main issue, keeping home prices elevated.

Fixed-rate mortgage 414

Fixed-rate mortgage Mortgages MLS Loans 414

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans.

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VA loan Agents Pre-approval Debt-to-income ratio 389

Housing Wire

JULY 20, 2023

Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. First, many builders are buying down interest rates using their in-house financing. Builders are closing loans in the 4.5 range currently! Next, the house is new.

Equity 282

Equity MLS Construction Agents 282

Housing Wire

AUGUST 10, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.96% as of August 10, up from last week ’s 6.90%. Yun was pleased to see deceleration in the rent component, which contributed to pulling down the key core CPI in July.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

FEBRUARY 24, 2021

Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. VL: The financial industry’s response has been swift and impactful, by lowering interest rates and providing fiscal stimulus – for the benefit of consumers and loan originators, of course.

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Pre-qualification Agents Loan Officer Technology 300

Housing Wire

FEBRUARY 19, 2021

The rise of AVMs over the years has waxed and waned based on the perceived risk of the product, but it’s caught fire over the last year with the COVID-19 pandemic and new initiatives by the Federal Housing Finance Agency. Condition data is the latest frontier, according to Cape and Weiss. Overall, off-market houses sell for about 2.5%

Investor 383

Investor Brokerage MLS Loans 383

Housing Wire

DECEMBER 10, 2020

“With behavioral data, lenders can see which of their consumers are in-market…around 100 days prior to a credit trigger or an MLS trigger and up to 180 days before a closed loan,” said Mike Eshelman, VP of Consumer Finance at Jornaya, a 2020 Tech100 Mortgage recipient.

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MLS Branding Mortgages Technology 257

HomeLight

MAY 8, 2024

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. No Is a real estate attorney required? If your house complies with FHA, then it complies with most other lenders’ requirements.

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As-is Inspection Finance Residential 88

Realty Biz

FEBRUARY 24, 2021

Paying for this lot with cash is the ideal scenario but with lot prices climbing into the hundreds of thousands of dollars range, most buyers will need a loan to purchase a lot. The loan you use for buying land to build a house on is very different than the traditional home mortgage loan.

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Land Loans MLS Finance 122

HomeLight

JANUARY 3, 2024

Oriana Shea , a top-rated agent in California who has been helping homebuyers for 26 years, says that, depending on local multiple list service (MLS) rules and where the property is located, a listing might actually be tagged as “contingent” rather than under contract. What contingencies might be attached to ‘under contract’ listings?

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 100

Housing Wire

APRIL 4, 2022

Besides, we all know that buying a home is subjective, with personal finances and life events often weighing in more heavily than market conditions. Though mortgage rates have gone up slightly, they still hover at bargain lows for consumers who are considering homebuying. A new generation of buyers.

Mortgages 369

Mortgages Marketing Equity MLS 369

HomeLight

JANUARY 22, 2024

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. Yes Is a real estate attorney required? If your house complies with FHA, it complies with most other lenders’ requirements.

As-is 90

As-is Inspection Equity Renovation 90

Notorious ROB

APRIL 5, 2023

DPX is an MLS The first and most important differentiator is that DPX is a Multiple Listing Service. It turns out that you cannot build an open auction platform on top of the traditional MLS. Many an MLS, for example, simply do not even allow auctions to be listed. We are a parallel platform, not a competitor to the MLS.

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Purchase and sale agreement MLS Brokerage Agents 97

Realtor.com

NOVEMBER 28, 2022

. “Two-thirds of homeowners right now are sitting on a sub-4% mortgage, and about a quarter are sitting on a sub-3% mortgage,” says Lisa Sturtevant , chief economist of the Bright MLS. It can also get you a deal since all-cash offers typically result in a 3% to 4% discount over a financed offer, Hardy notes.

Marketing 119

Marketing Pre-approval Equity Finance 119

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. For example, a homeowner and lender agree to sell a house for $200,000 even though there is a balance of $250,000 on the mortgage loan. Short sales can typically be found through the MLS database or your buyer’s agent.

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Pre-approval Short sale Banks Finance 97

HomeLight

DECEMBER 31, 2023

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

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As-is Inspection Finance Loans 83