Housing Wire

FEBRUARY 13, 2024

It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. The firm attributed the growth of its mortgage revenue to a 105% annual increase in purchase loan origination volume at Zillow Home Loans to $487 million. The law went into effect at the start of 2024.

Purchase and sale agreement 355

Purchase and sale agreement Agents Finance Loans 355

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 465

Equity Purchase and sale agreement Loan Officer Lending 465

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Gain a basic understanding of how private loans function. How to vet a private money lender.

Purchase and sale agreement 384

Purchase and sale agreement Investor Lending Hard money loan 384

Housing Wire

FEBRUARY 19, 2024

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.

Equity 411

Equity Purchase and sale agreement Loans Mortgages 411

Housing Wire

NOVEMBER 5, 2021

The purchase comes amid questions of whether iBuying is a viable business model following Zillow’s announcement Tuesday that the company is winding down its iBuying arm. But some investors see add on services including mortgage as a possible way for iBuyers to eventually turn a profit. Opendoor has $25.4

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Purchase and sale agreement Loan Officer Brokerage Loans 364

Housing Wire

SEPTEMBER 6, 2023

Networks that have earliest visibility at the consumer points of intention will capture the data to win loans, provide servicing, create content and build a loyal audience. Investor expectations will change, and government entities will attempt to coordinate their response. These essential tools require a collective commitment.

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Purchase and sale agreement Title Mortgages Lending 368

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 393

Marketing Purchase and sale agreement Investor Banks 393

Housing Wire

AUGUST 1, 2023

The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. What is clear here is that their long-held view that when rates went up, they could simply change their focus to purchase mortgages is not holding up.

Loan Officer 360

Loan Officer Purchase and sale agreement Loans Mortgages 360

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. million to $23.7

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Purchase and sale agreement Marketing Equity Banks 358

Housing Wire

MARCH 8, 2023

Loan origination came in at $6.4 When refi business was strong in 2021, loanDepot produced $137 billion in loans. The gain-on-sale margin came in at 2.21% in the fourth quarter, better than the 2.03% registered in the previous quarter. The company delivered negative $110.7 million in the previous quarter. Revenues dipped to $1.2

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Purchase and sale agreement Principal Loans Mortgages 370

Housing Wire

MARCH 22, 2023

Over the past two weeks, investors have considered Treasures a safe haven amid the banking system turmoil. Borrowing money will be relatively expensive, “including taking on a mortgage borrowing for a home purchase,” Jones said. The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year.

Industrial 381

Industrial Mortgages Purchase and sale agreement Banks 381

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. That concern is overblown, according to several market experts.

Purchase and sale agreement 368

Purchase and sale agreement Banks Mortgages Residential 368

HomeLight

FEBRUARY 26, 2024

We’ll look at the financial mechanics behind affording a luxury home and explore alternatives that can make your dream purchase a reality. Typically, a buyer is going to put 20% down, and they’re going to finance the rest — most of them do a traditional 30-year-fixed loan. How Much Is Your Home Worth Now?

Purchase and sale agreement 101

Purchase and sale agreement Debt-to-income ratio Equity Loans 101

Housing Wire

OCTOBER 16, 2020

million Class A shares (plus an option for the underwriters, Wells Fargo, BofA Securities and JPMorgan Chase, to purchase 1.275 million additional shares). By the looks of it, unnamed investors will be the beneficiaries of the IPO, likely the private equity backers at McCarthy. “All billion in mortgage loans held for sale.

Mortgages 370

Mortgages Purchase and sale agreement FHA loan Loans 370

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

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Purchase and sale agreement Staging Agents Brokerage 100

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 92

Sales Purchase and sale agreement Due diligence Inspection 92

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. 2 brokerages in residential sales volume nationally – and bitter rivals.

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Purchase and sale agreement Brokerage Loan Officer Mortgages 295

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. Investors are looking at the current economic situation and anticipating that an even bigger spike in foreclosures is on the horizon. The REO sales process is much the same as any traditional sales process.

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Purchase and sale agreement Short sale Loans Inspection 103

Norada Real Estate

JUNE 22, 2022

Over the last few years, more and more investors have taken to rental property investment. Demand for rental property has increased with real estate dealers reeking in millions from sales. There are a good deal of lenders out there who can readily loan you the amount you need to buy a rental property. FHA Owner-Occupancy Loans.

Hard money loan 96

Hard money loan Purchase and sale agreement Loans Banks 96

HomeLight

JUNE 9, 2023

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. If you refuse and you can’t come to an agreement, they’re free to walk away.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 142

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” What is in the sales contract that an appraiser actually needs to see?

Sales 64

Sales Purchase and sale agreement Pre-approval Development 64

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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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? It’s a long sale.

Short sale 104

Short sale Sales Purchase and sale agreement Banks 104

Marco Santarelli

DECEMBER 22, 2020

Real estate or mortgage note investing is owning real estate without property management or without becoming a landlord where the homeowner pays the investor instead of the bank. If you are experienced enough, you can potentially find and purchase your own mortgage notes. . Therefore, the loan amount would be $120,000.

Mortgages 121

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 121

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

Sales 92

Sales Purchase and sale agreement VA loan MLS 92

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection MLS Inspection contingency 100

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title MLS 93

HomeLight

JANUARY 25, 2021

House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. A traditional sale might be what you had in mind when you originally bought your home. Is the property damaged or are you facing a personal emergency?

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Purchase and sale agreement Investor Inspection Due diligence 105

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. Purchase price agreement.

Purchase and sale agreement 64

Purchase and sale agreement Equity Mortgages Due diligence 64

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 92

Housing Wire

DECEMBER 15, 2022

The repurchase-request volume, which includes both depository lenders and nonbanks, is being driven up this year by the huge volume of lower-rate loans made in 2020 and 2021 that Fannie and Freddie are continuing to vet for loan-sale representations and warranties violations.

Loans 366

Loans Debt-to-income ratio Purchase and sale agreement Mortgages 366

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

Purchase and sale agreement 91

Purchase and sale agreement Inspection MLS Inspection contingency 91

Realty Biz

SEPTEMBER 28, 2022

The appraiser will notice this form along with the purchase agreement. That could decrease the loan amount the homeowners can take out to buy the residence. If so, lenders may turn down your loan application due to the condition of the property, which could lead to additional costs for repairs.

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Purchase and sale agreement Inspection Investor Closing costs 77

Realty Biz

JANUARY 12, 2021

It’s about working with a professional agent to narrow your search and help you navigate through the purchase process. It also requires qualifying for a bank loan based on passing a set of rigid qualification standards. It means proving you are pre-qualified for a loan before you know what house you might buy.

Purchase and sale agreement 70

Purchase and sale agreement Pre-qualification Pre-approval MLS 70

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement 78

Purchase and sale agreement Inspection Title Inspection contingency 78

HomeLight

JANUARY 24, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

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Purchase and sale agreement Closing costs Closing Investor 77

HomeLight

DECEMBER 2, 2022

Investors are also very active in the Gainesville market and may find themselves in need of an influx of quick cash to manage other properties. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price.

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Purchase and sale agreement Closing costs Closing Investor 81