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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. The settlement requires listing agents to stop making offers of compensation for buyer’s agents on Multiple Listing Services (MLSs). It explicitly allows for such offers to be made off-MLS, however.

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Lenders: Looking to simplify closings? Work with an insurance agency

Housing Wire

An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. An independent agent can shop for you to maximize savings, as well as bundle ancillary policies like auto or flood.

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Divvy launches new product aimed at homeownership readiness

Housing Wire

They wanted to understand their credit, they wanted to understand their debt-to-income ratio, they wanted to understand how to build their savings, and they wanted education.” According to Hefets, real estate agents can register with Divvy. With these customer needs in mind, Hefets and her team set out to create DivvyUp.

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Consumer advocate says policy changes are needed to help FHA buyers compete

Housing Wire

Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S. mortgage market in 2023, up from 14.3%

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Flyhomes acquires Home Sale Assured

Housing Wire

Consumers, agents and lenders are all looking for practical solutions to overcome these institutional challenges and Flyhomes has been at the forefront of this category. During this 90-day period, the client can work with a real estate agent to list their prior home.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

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. First, he has his clients lender call the listing agent. Somebody has a problem once and then that story just spread.

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Housing market hinges on mortgage rates and supply, not commission structures

Housing Wire

“Now they will have to come up with payment for real estate agent services, but that may be challenging for some who are already challenged in terms of coming up with enough down payment,” Hepp said of first-time buyers. “So, So, say it gets rolled into their mortgage or they have to get another loan to pay it off.