Housing Wire

MARCH 17, 2025

In mid-January, Pennsylvanias former attorney general Michelle Henry filed a kickback lawsuit against Barry Newhart and six mortgage entities he controls: Bright Financial Group , Conquest Mortgage , Flagship Home Loans , Legacy Mortgage Partners , Nittany Home Loans , MCT Financial , Conquest Holdings and Newhart Holdings.

Brokerage 293

Brokerage Mortgages Purchase and sale agreement Loans 293

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

FEBRUARY 11, 2025

This agreement is really a great win-win, Zillow CEO Jeremy Wacksman said on the earnings call. Its mortgage origination business is one of the companys links in the end-to-end transaction, and its revenue in this category continues to rebound after it peaked during the post-COVID housing boom.

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Purchase and sale agreement Loan Officer Loans Finance 349

Housing Wire

AUGUST 26, 2024

The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. Move Sales , OpCity Acquisitions , OpCity Inc. The suit claims that NAR, along with Move Inc., and REA Group Ltd.

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Purchase and sale agreement Sales Agents Design 514

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 435

Debt-to-income ratio Purchase and sale agreement Sales Loans 435

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. Heading into Aug. which is no longer in effect.

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Purchase and sale agreement Agents Sales Closing 468

Housing Wire

OCTOBER 1, 2024

RESPA Section 8 and CFPB Regulation X maintain firm prohibitions against kickbacks and unearned fees, with particular statutory exemptions, about all settlement services involving federally related mortgage loans. ” 12 U.S.C. Unambiguously, 12 U.S.C. 2607(c)(3) and 12 C.F.R.

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Purchase and sale agreement Agents Brokerage Loans 435

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. Relatedly, the commission rates could decline by 200 bps or more.

Agents 497

Agents Purchase and sale agreement Brokerage Finance 497

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% The average interest rate on a 30-year-fixed mortgage was 7.07% in August. The median U.S.

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Purchase and sale agreement Mortgages Closing costs Sales 448

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. 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 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

NOVEMBER 1, 2021

If you make your living by originating new mortgage loans, I don’t have to tell you that the business is changing. You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. That means you’ve been thinking about real estate agents…a lot. Who saw that coming?

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Lending Purchase and sale agreement Agents Loan Officer 448

Housing Wire

MARCH 7, 2022

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 It also gives real estate agents ideas. Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. That’s when a 70-year-old brick home in the St.

Sales 501

Sales Purchase and sale agreement Title Inspection 501

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-term mortgage rates will fall if economic data indicates a weakening economy. Mortgage rates are data-dependent.

Mortgages 448

Mortgages Purchase and sale agreement Industrial Loans 448

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.

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Purchase and sale agreement Agents Closing Brokerage 493

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Put everything in writing.

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Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

JULY 17, 2024

Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase. Dramatic change is what it means.

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Purchase and sale agreement Real-estate owned Agents Brokerage 493

Housing Wire

OCTOBER 25, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S.

VA loan 448

VA loan Purchase and sale agreement Loans Agents 448

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. Treasuries and mortgage-backed debt.

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Purchase and sale agreement Construction Agents As-is 537

Housing Wire

APRIL 22, 2024

With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms. What is your motivation for pursuing that partner or pursuing a sale?

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Brokerage Purchase and sale agreement Title Industrial 467

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. The annual investment volume in the U.S. The annual investment volume in the U.S.

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Equity Finance Purchase and sale agreement Investor 468

Housing Wire

FEBRUARY 13, 2024

Our for-sale growth pillars mark the pathway to meeting our goals to grow customer transaction share from 3% to 6% by the end of 2025 and grow revenue alongside that transaction share growth,” Jeremy Wacksman, Zillow’s chief operating officer, said. The law went into effect at the start of 2024.

Purchase and sale agreement 435

Purchase and sale agreement Agents Finance Loans 435

Housing Wire

MARCH 24, 2021

A week after the deadline to pick sides in United Wholesale Mortgage ‘s “all-in” ultimatum to mortgage brokers, Fairway Independent Mortgage is speaking out. Real estate agents and LOs: the great collaboration. “I would say it’s in every mortgage broker agreement.

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Purchase and sale agreement Loans Loan Officer Mortgages 397

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.”

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Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

APRIL 16, 2024

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground.

Loan Officer 488

Loan Officer Loans Agents Mortgages 488

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. According to the latest Q2 report from the St.

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Purchase and sale agreement Marketing Equity Finance 434

Housing Wire

NOVEMBER 13, 2023

Potentially, the seller’s agent may have more of a voice than they historically have had in terms of recommending a title provider,” Frasier said. 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 448

Title Industrial Purchase and sale agreement Agents 448

Housing Wire

FEBRUARY 9, 2022

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.

Industrial 418

Industrial Purchase and sale agreement Pre-approval Banks 418

Housing Wire

AUGUST 28, 2023

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. billion in production volume in the first half of 2023, refis accounted for $131 million and purchase loans consisted of $1.6 residential mortgages, the company said. in the same period in 2022.

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Purchase and sale agreement Loans Banks Finance 370

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

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Loan Officer Purchase and sale agreement Loans Mortgages 370

HomeLight

MARCH 7, 2024

But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? In this guide, we’ll break down what you need to know about buyer cancellation of a purchase agreement. What is a home purchase agreement?

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Purchase and sale agreement Earnest money deposit Option period Inspection 116

The Close

JANUARY 16, 2025

If youre looking to buy a home but have financial concerns or hesitations about bank loans, choosing the rent-to-own path is a great option, as opposed to the traditional mortgage path. A rent to own home is a type of real estate investment when a tenant purchases the property theyre renting after a specific time.

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Purchase and sale agreement Investor Finance Equity 98

Housing Wire

SEPTEMBER 8, 2023

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. But most understand that there are a lot of phone calls, emails and texts exchanged.

Title 418

Title Purchase and sale agreement Technology Closing 418

Housing Wire

SEPTEMBER 6, 2023

The most likely outcomes include: Lenders: Fewer than 50 mortgage lenders will transition to a federated model that enforces the controls necessary for secure cross-industry interoperability. Audience assets will be valued based on transaction volumes and bundles of listings, lending, loan sales and servicing and trading content.

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Purchase and sale agreement Title Mortgages Lending 370

Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We

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Purchase and sale agreement Title Brokerage Branding 369

Toronto Realty Blog

NOVEMBER 4, 2024

But as I write this blog post (over the weekend), I can only guess as to how October sales will look. In my monthly “TRREB Stats” blog post, I always examine three essential statistics in our real estate market: price, sales, and new listings. That , in my opinion, is the number-one reason why sales are slow right now.

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Sales Purchase and sale agreement Agents Pre-approval 106

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels.

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Purchase and sale agreement Agents As-is Inspection 468

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. billion in mortgages last year.

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Purchase and sale agreement Brokerage Loan Officer Mortgages 305