Housing Wire

NOVEMBER 2, 2023

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. homeowners.

Purchase and sale agreement 406

Purchase and sale agreement Marketing Equity Finance 406

Housing Wire

AUGUST 10, 2022

That’s a healthy showing, considering over the same period UWM’s loan-origination volume dipped from $59.2 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

Sales 395

Sales Purchase and sale agreement Loans Mortgages 395

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. The annual investment volume in the U.S. billion have been completed.

Equity 437

Equity Finance Purchase and sale agreement Investor 437

Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement?

Purchase and sale agreement 56

Purchase and sale agreement Earnest money deposit Sales Title 56

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

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

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?” In this post, we will walk you through everything you need to know about transferring or “assuming” a home loan. What types of loans are assumable?

Loans 106

Loans Purchase and sale agreement VA loan Mortgages 106

Housing Wire

FEBRUARY 13, 2024

While the full version of Zillow’s Super App experience is currently only available in certain test markets, firm executives said that the company plans to expand its “enhanced” experience to a total of 40 markets nationwide by the end of 2024. The law went into effect at the start of 2024.

Purchase and sale agreement 406

Purchase and sale agreement Agents Finance Loans 406

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 trillion agency MBS portfolio? The Feds existing $2.7

Marketing 407

Marketing Purchase and sale agreement Investor Banks 407

HomeLight

OCTOBER 20, 2021

Whether you sell your home FSBO (for sale by owner) or with the help of a top real estate agent , you will enter into a purchase agreement that will come from the buyer or buyer’s agent. Missteps or misunderstandings in this important contract can delay the sale of your home or even box you into a bad deal.

Purchase and sale agreement 82

Purchase and sale agreement Earnest money deposit Inspection Finance 82

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 454

VA loan Agents Seller concession FHA loan 454

Housing Wire

OCTOBER 6, 2021

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. The average lender is closer to a two-thirds refi-purchase mix. loans per months, compared to the industry average of 7.1

Purchase and sale agreement 407

Purchase and sale agreement Investor Equity Loans 407

Housing Wire

APRIL 27, 2022

“Gain on sale revenue was under significant pressure throughout the quarter as the velocity of the increase in mortgage rates rose at the fastest rate this century,” Alessandro DiNello, president and chief executive officer of Flagstar Bancorp, said in a statement. market share in the correspondent channel and more than 1,100 partners.

Purchase and sale agreement 395

Purchase and sale agreement Mortgages Banks Branding 395

Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. Lend Smart, a company with 107 active loan originators, is licensed in 29 states and originated $378.8 billion.

Lending 395

Lending Purchase and sale agreement Loan Officer Loans 395

Housing Wire

AUGUST 28, 2023

on Thursday — funded a loan volume of $1.7 billion across 4,768 loans in the first six months of 2023. In Q2, Better’s origination volume was $900 million across 2,421 loans, compared to production of $800 million across 2,347 loans funded in Q1. Better’s funded loan volume of $1.7

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

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 462

Equity Purchase and sale agreement Loan Officer Lending 462

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

Loan Officer 370

Loan Officer Purchase and sale agreement Loans Mortgages 370

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 437

Equity Purchase and sale agreement Loans Mortgages 437

Housing Wire

JULY 6, 2022

PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. Subsidiaries of Pennymac Financial Services Inc. Securities and Exchange Commission (SEC).

Purchase and sale agreement 383

Purchase and sale agreement Mortgages Finance Loans 383

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?

Purchase and sale agreement 106

Purchase and sale agreement Residential Closing Pre-approval 106

Housing Wire

APRIL 4, 2023

Mortgage analysts expect to see consolidation if the deal were to go through, but also forecast that strong players in the servicing and loan origination system side will emerge. Prior to the FTC’s suit, Black Knight announced the sale of its Empower business to a subsidiary of Canada’s Constellation Software Inc.

Purchase and sale agreement 383

Purchase and sale agreement Loans Technology Mortgages 383

Housing Wire

MAY 26, 2021

will acquire 178,000 loans sold to or securitized by Fannie Mae and Freddie Mac , boosting its overall total servicing portfolio by about 16%. Ocwen’s acquisition of the MSR portfolio is expected to close later in the second quarter, with the underlying loans transferring in September. Ocwen’s subsidiary PHH Mortgage Corp.

Purchase and sale agreement 395

Purchase and sale agreement Banks Lending Loans 395

HomeLight

APRIL 30, 2024

When you’re considering buying a home, one option might be to assume the seller’s mortgage instead of obtaining a new loan. We’ll also break down the concept of mortgage assumption, clarify what loan types might qualify, and provide tips about this growing homeownership trend. Are all mortgage loans assumable?

Purchase and sale agreement 104

Purchase and sale agreement Mortgages VA loan Loans 104

Realty Biz

AUGUST 22, 2022

That’s probably why the price was a little below the market average. Yeah, I’ve been studying the market for a while and knew what houses were selling for. In a few short weeks, the market has gotten much softer in this neighborhood and I’m not even sure the house will appraise for my purchase offer. What do you think?

Purchase and sale agreement 96

Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. 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.

Purchase and sale agreement 370

Purchase and sale agreement Title Mortgages Lending 370

Housing Wire

DECEMBER 1, 2021

Company officials say the moves will allow refi-heavy Better to increase its strength in a mortgage market that is increasingly becoming purchase-focused. Company sources told HousingWire that refi-focused, salaried loan officers made up the majority of the hundreds of employees who received pink slips.

Purchase and sale agreement 395

Purchase and sale agreement Loan Officer Finance Loans 395

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. Opendoor began Opendoor Home Loans in 2019, and the mortgage loan originator operates today in 26 markets and eight states. Opendoor has $25.4

Purchase and sale agreement 395

Purchase and sale agreement Loan Officer Brokerage Loans 395

Housing Wire

OCTOBER 11, 2023

That should result in some market share ‘up for grabs,’ and we think the full-time agents are the most likely to capture it. commission for a buyer agent was too much (the exercise assumed the agent worked 150 hours over 2 months, implying $83/hour, to earn $12,500 on a $500,000 home purchase). “Excluding the U.S.

Agents 475

Agents Purchase and sale agreement Brokerage Finance 475

Housing Wire

OCTOBER 25, 2023

The earnings included, among other things, a $67 million gain from the collapse of a securitization trust and a $96 million preliminary bargain purchase gain related to the Home Point Capital acquisition. The firm also had a $39 million loss associated with equity investments primarily related to the sale of its title business in 2021.

Purchase and sale agreement 406

Purchase and sale agreement Equity Principal Banks 406

Realtor.com

JANUARY 7, 2021

First, let’s talk about why a home buyer might not be approved for a loan. Still, pre-approval is not a guarantee that a buyer will get a loan. The most likely reasons for a loan being shot down include the following: The buyer’s credit score isn’t as high as the lender requires.

Loans 133

Loans Purchase and sale agreement Pre-approval Debt-to-income ratio 133

Housing Wire

AUGUST 5, 2022

During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. The fair market value of MSRs it controls increased by about $1.3 billion to $6.7

Purchase and sale agreement 395

Purchase and sale agreement Loans Mortgages Lending 395

Housing Wire

MARCH 22, 2023

In return, rates will continue to fluctuate over the coming weeks as incoming data changes and market participants adjust to the new reality as it unfolds, Green projected. Borrowing money will be relatively expensive, “including taking on a mortgage borrowing for a home purchase,” Jones said. What does it mean for buyers, sellers?

Industrial 395

Industrial Mortgages Purchase and sale agreement Banks 395

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. “2022 was a year of dramatic volatility and extreme challenge for the mortgage and broader housing markets,” Frank Martell, loanDepot’s president and CEO, said in a statement. Revenues dipped to $1.2

Purchase and sale agreement 370

Purchase and sale agreement Principal Loans Mortgages 370

Housing Wire

MAY 11, 2021

billion in closed loan volume in the first quarter, down from the $54.7 According to the wholesale giant ‘s quarterly earning statement, UWM posted a gain-on-sale margin of 2.19%, an 86 basis point decline from the 3.05% margin it posted in the fourth quarter. billion in purchase mortgages, up slightly from the $12.1

Purchase and sale agreement 383

Purchase and sale agreement Mortgages Industrial Technology 383

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?

Purchase and sale agreement 106

Purchase and sale agreement Debt-to-income ratio Equity Loans 106

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 383

Purchase and sale agreement Investor Hard money loan Lending 383

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 395

Purchase and sale agreement Banks Mortgages Residential 395

Realty Biz

SEPTEMBER 19, 2022

Question from Ellie in ID: Hi Brian, We had a purchase offer accepted more than four months ago but it hasn’t closed yet. If you’re having second thoughts and want to back out of an accepted purchase offer, things can get complicated. When you sign a purchase agreement for real estate, you’re legally bound to the contract terms.

Purchase and sale agreement 96

Purchase and sale agreement Finance Inspection Mortgages 96