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Chase Home Lending increases its closing guarantee

Housing Wire

has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday. The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. It also offers a homebuyer grant that distributes up to $7,500 in eligible areas.

Lending 477
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Opinion: More can be done to shorten the average time to close

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” It doesn’t lend itself to a 24-hour cycle.

Closing 488
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Point, Atalaya Capital close on $141M securitization

Housing Wire

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. Nomura Securities International was the sole structuring agent for the issuance. were co-managers on the transaction.

Closing 446
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Rocket to shut down origination channel for real estate and insurance agents

Housing Wire

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. billion in closed loans through its direct-to-consumer division and $8.5

Agents 516
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

By focusing on these pillars, brokerages can enhance their overall consumer experience, adapt to industry changes, and drive sustainable growth.

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Opinion: Navigating buyer agent compensation

Housing Wire

The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. Here is an example of how that might work. In a seller’s market, that may well occur.

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The Real Brokerage surpasses 20,000 agents

Housing Wire

Fast-growing firm The Real Brokerage is celebrating its 10 th anniversary by announcing that it has surpassed 20,000 agents. In an announcement on Tuesday, the firm said it has added roughly 1,000 agents per month throughout the first half of 2024. “I The team closed nearly $120 million in sales volume in 2023. Jill & Co.

Brokerage 448
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