Housing Wire

FEBRUARY 28, 2024

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Additionally, the CFA noted that at least 13 states require brokers to use buyer agency agreements. This provision has the potential to inflate seller or buyer costs,” the report states.

Purchase and sale agreement 442

Purchase and sale agreement Agents Brokerage Industrial 442

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Purchase and sale agreement 410

Purchase and sale agreement Inspection contingency Inspection Title 410

Housing Wire

MARCH 15, 2024

Also, fields displaying broker compensation on MLSs must be eliminated, there is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation and buyers’ agents must have written agreements. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. “Dana brings the ideal combination of local market expertise and strong industry relationships — exactly what we need as we shape a new path for the future of our industry,” Joseph Burks, REcolorado’s new owner, said in a statement.

Purchase and sale agreement 409

Purchase and sale agreement Sales MLS Industrial 409

Housing Wire

MARCH 29, 2023

title insurance company had “no-poach” agreements with rivals. My office will continue standing up for workers’ rights by stopping no-poach agreements and holding companies accountable for their bad actions.” The agreement comes as Fidelity’s volumes are declining due to fewer real estate sales.

Purchase and sale agreement 362

Purchase and sale agreement Title Closing Industrial 362

Housing Wire

NOVEMBER 15, 2024

NAR’s settlement agreement — which closed a number of antitrust class-action lawsuits against NAR and major brokerages for allegedly inflating Realtor commissions, and is pending final approval this month — outlines 13 practice changes required of NAR-affiliated MLSs. While LDC doesn’t make a photo compliance tool, MLSs can purchase Restb.ai

MLS 409

MLS Purchase and sale agreement Technology Agents 409

Housing Wire

MARCH 20, 2025

on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Monarch Mortgage provides mortgage banking services, including the origination and processing of residential mortgages primarily for sale on the secondary market.

Banks 264

Banks Purchase and sale agreement Mortgages Residential 264

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. Meadow has 25 years of mortgage industry experience.

Debt-to-income ratio 406

Debt-to-income ratio Purchase and sale agreement Sales Loans 406

Housing Wire

NOVEMBER 12, 2024

Over the past few months, the market has thrown our industry almost every curve ball imaginable,” Varun Krishna , CEO and director of Rocket Companies, told analysts during an earnings call on Tuesday. But the company delivered a GAAP net loss of $481 million from July through September, a figure that was driven by a loss of $878.3

Purchase and sale agreement 384

Purchase and sale agreement Mortgages Principal Loans 384

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Why is the industry still transferring money the old-fashioned way? There’s really no experience quite like buying a home.

Industrial 397

Industrial Purchase and sale agreement Pre-approval Banks 397

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

Title 421

Title Industrial Purchase and sale agreement Agents 421

Housing Wire

AUGUST 13, 2024

According to Anthony Lamacchia , the broker-owner of Lamacchia Realty , he and his agents have seen disputes over buyer broker fees for years, highlighting the importance of having a signed buyer representation agreement , which will soon be required by the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement.

Purchase and sale agreement 458

Purchase and sale agreement Agents Brokerage Industrial 458

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry.

Purchase and sale agreement 410

Purchase and sale agreement Due diligence MLS Brokerage 410

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. Borrowing money will be relatively expensive, “including taking on a mortgage borrowing for a home purchase,” Jones said.

Industrial 397

Industrial Mortgages Purchase and sale agreement Banks 397

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent?

Agents 421

Agents Brokerage Purchase and sale agreement Commercial 421

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

Purchase and sale agreement 473

Purchase and sale agreement Agents Closing Brokerage 473

Housing Wire

MARCH 7, 2022

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 For example, purchasing an NFT of a JPEG of a painting transfers the intellectual property rights of the painting. But Ethereum was the first with a blockchain that enabled NFT sales. That’s when a 70-year-old brick home in the St.

Sales 485

Sales Title Purchase and sale agreement Inspection 485

Housing Wire

AUGUST 10, 2022

When the sky is falling in the mortgage industry, generally there is something else that is rising. Rising interest rates have crimped loan production for virtually all mortgage lenders as more and more borrowers are forced to forestall home purchases or have no incentive to refinance. billion to $29.9 million to $348 million.

Sales 397

Sales Purchase and sale agreement Loans Mortgages 397

Housing Wire

MARCH 12, 2024

First piloted in a handful of markets in September 2023 and formally launched in early February, the Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5%

Purchase and sale agreement 433

Purchase and sale agreement Brokerage Agents Closing 433

Housing Wire

AUGUST 30, 2024

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. In an attempt to capitalize on the real estate industry’s new normal, Sitzer teamed up with Galen, whose startup fintech firm Zero was acquired by Avant in 2021, and Batra to found Landian.

Purchase and sale agreement 432

Purchase and sale agreement Brokerage Agents Closing 432

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. According to the filing, Better’s gain-on-sale margin declined from 301 basis points in the first quarter to 160 bps in the second, which in turn resulted in a drop in revenue of $171.8

Purchase and sale agreement 410

Purchase and sale agreement Loans Equity Loan Officer 410

Housing Wire

JUNE 28, 2024

Paul Giangrande “Paul brings a distinguished reputation in the mortgage industry with an uncanny sense of distribution. His impressive industry acumen and established mortgage credentials add significant strength and valuable perspective to our management team.” billion have been issued since August 2021.

Equity 378

Equity Purchase and sale agreement Mortgages Finance 378

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. For the most part, brokers said buyers are willing to sign these agreements.

Purchase and sale agreement 421

Purchase and sale agreement Agents MLS Inspection 421

Housing Wire

JUNE 20, 2023

The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment. These companies know how to make their agreements sound good. To date, six state attorneys general have filed complaints against these agreements.

Purchase and sale agreement 384

Purchase and sale agreement Title Land Brokerage 384

Housing Wire

JUNE 13, 2025

Stearns said the company’s disciplined cost structure has led to consistent profitability — without considering sales of mortgage servicing rights ( MSRs ) — which sets it apart from many independent mortgage banks ( IMBs ) that continue to operate in the red. So we started off with a completely different mindset.” He’s not wrong.

Mortgages 213

Mortgages Lending Purchase and sale agreement Bankruptcy 213

Housing Wire

AUGUST 19, 2024

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. The landmark date of Aug.

Purchase and sale agreement 450

Purchase and sale agreement Agents MLS Seller concession 450

Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Cooperative compensation offers can also be — and should be, if the client wishes — included in purchase agreements.

Purchase and sale agreement 441

Purchase and sale agreement Agents Seller concession MLS 441

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. As of last month, the firm reported 9,800 homes it purchased but has yet to sell, and 8,200 it is contractually obliged to buy – or a shade under 18,000 total.

Purchase and sale agreement 432

Purchase and sale agreement Investor As-is Industrial 432

Housing Wire

AUGUST 30, 2024

Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. Additionally, the previously guaranteed compensation is now only a representation, requiring a separate agreement between brokerages before most offers from a buyer would be submitted.

Purchase and sale agreement 418

Purchase and sale agreement Brokerage Agents As-is 418

Housing Wire

JUNE 9, 2022

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million.

Loans 384

Loans Purchase and sale agreement Investor Finance 384

Housing Wire

APRIL 22, 2024

(Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. Wright and Murray also said that the headwinds facing the industry are creating a buyer’s market for acquisitive firms. My advice is to start simple.

Brokerage 433

Brokerage Purchase and sale agreement Title Industrial 433

Housing Wire

NOVEMBER 1, 2021

You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. Stevens, President at SRE.

Lending 421

Lending Purchase and sale agreement Agents Loan Officer 421

Housing Wire

MAY 13, 2025

The company said AI-powered underwriting now supports 75% of its locked loans up from just over 40% immediately after its launch and is helping loan officers close more than three times the mortgage industry median per month. In the second quarter, it signed an agreement with a bank to power its entire mortgage operation.

Purchase and sale agreement 215

Purchase and sale agreement Loan Officer Loans Equity 215

Housing Wire

AUGUST 19, 2024

Since the 1940s, the DOJ has repeatedly sued the industry to introduce more price competition. Today, price competition has a chance because of their efforts and class action litigation, culminating in a jury decision against the industry. New industry rules prohibit mandatory offers of compensation through multiple listing services.

Purchase and sale agreement 431

Purchase and sale agreement Finance Industrial Agents 431

Housing Wire

SEPTEMBER 20, 2024

But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days? Long time coming The cut was long overdue for many in the industry, including the Community Home Lenders of America (CHLA).

Mortgages 418

Mortgages Purchase and sale agreement Industrial Loans 418

Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

Purchase and sale agreement 384

Purchase and sale agreement Agents Brokerage MLS 384

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. But the most frightening — or exciting? Who’s most exposed?

Agents 479

Agents Purchase and sale agreement Brokerage Finance 479