Housing Wire

NOVEMBER 8, 2024

Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Department of Veterans Affairs can still use their loan benefit when working with a buyer’s agent regardless of how their agent is being compensated. Let’s protect the consumer; let’s work together.”

VA loan 368

VA loan Commercial Staging Loans 368

Housing Wire

MARCH 25, 2024

NAR’s settlement, which could go into effect as early as July, will eliminate the long-standing “Participation Rule” that requires listing agents to make an offer of cooperative compensation to buyers’ agents. Under the current system, the buyer agent’s commission is baked into the price paid for a home.

Agents 468

Agents VA loan Loans Mortgages 468

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. ” The VA also clarified that veterans can still ask sellers to cover these fees.

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VA loan Loans Brokerage MLS 523

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. REALITY: There is no limit.

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VA loan Loans Mortgages Lending 468

Housing Wire

JUNE 20, 2024

Interest rates are a major headache for real estate agents across Illinois. On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Again, agents attribute the cooler market to interest rates.

Agents 448

Agents Marketing VA loan FHA loan 448

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

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. VA loans are probably the best loans on the market.

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VA loan Loans Principal Mortgages 476

Housing Wire

NOVEMBER 16, 2020

Top five questions to ask a potential real estate agent. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs. More for Real Estate Enthusiasts.

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VA loan FHA loan Mortgages Loans 501

Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. While I’m a fan of improving antiquated systems, I first wonder if the VA, the MBA, or Congress were open enough about the problems with the current system. A fundamental change.

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VA loan Loans HR Due diligence 83

Housing Wire

NOVEMBER 7, 2023

Unfortunately, too many veterans, as well as too many real estate professionals, don’t have the understanding they need to successfully utilize VA loans. Throughout his career, Smith had the opportunity to train over 228,000 real estate agents and consumers on the benefits of VA mortgage products.

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Lending VA loan Loans Mortgages 410

Housing Wire

MARCH 22, 2023

Most offers on homes written by Redfin agents in January were not part of bidding wars , which differs significantly from 2021 and early 2022. The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year prior.

VA loan 435

VA loan FHA loan Loans Mortgages 435

Housing Wire

MARCH 21, 2022

It also does not preclude a real estate broker or agent and a lender from collaborating on marketing activities. The loan is not insured when assumed, and the mortgage lender possesses no authority to accept future parties for the assumption. Lyle Solomon is the principal attorney with Oak View Law Group in California.

Agents 369

Agents VA loan Land Construction 369

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.

VA loan 476

VA loan Closing costs MLS Loans 476

Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves. How do you help real estate agents? Included in that total were nearly $1.5

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VA loan Mortgages Loans Agents 468

Housing Wire

DECEMBER 6, 2024

Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. Content: Agents can include any combination of data and information. When you buy through our links, we may earn a commission.

Pre-approval 396

Pre-approval Design Industrial Agents 396

RIS Media

APRIL 28, 2023

VA loans can look very attractive if you are a veteran or in the military. Buyers need to know that VA loans have property condition… The post The Pros and Cons of VA Loans appeared first on RISMedia. Despite offering good terms, they might not be the best option for everyone.

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VA loan Loans Industrial Agents 130

Inman

MAY 22, 2024

Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process.

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VA loan Agents Loans Mortgages 195

Housing Wire

FEBRUARY 6, 2024

The fees are typically lower than those of new loans and no appraisal is needed. Hampered by numerous hurdles To begin with, assumptions are limited to FHA and VA loans, with rare allowances for U.S. Fannie Mae and Freddie Mac loans, which represent nearly two-thirds of the mortgage market, cannot be assumed.

Mortgages 479

Mortgages VA loan Loans Closing 479

Housing Wire

DECEMBER 14, 2020

Then, once a buyer wants to make an offer, they are connected with an Opendoor agent to represent them. Opendoor added that it has also launched a refinancing product and have incorporated FHA and VA loans into its offerings. Opendoor can also conduct a virtual tour in any home. The blog post ended with “More to come!”

VA loan 448

VA loan Loans Finance Technology 448

Real Trends

DECEMBER 14, 2022

A Marine’s best weapon may be their rifle, but a real estate agent ’s best weapon is knowledge. . Vetted VA’s Chris Griffith says, ‘tap, rack, bang,’ is a statement all Marines know by heart. For many homebuyers and housing industry professionals, there are lots of myths and misunderstandings about the VA loan and lending process.

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VA loan Loans Lending Loan Officer 107

The American Genius for Real Estate

JULY 10, 2022

An anti-trust lawsuit is scheduled for trial in 2023 that could impact how real estate agents receive compensation, affecting FHA & VA loans. The post Real estate agents brace for the potential demise of FHA & VA loans appeared first on The American Genius Real Estate.

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VA loan Loans Agents FHA loan 111

Keeping Current Matters

JULY 29, 2021

Below, we can see just how small of a share of total financing VA loans made up in June of 2021, according to that Ellie Mae report: The drop in VA loan usage can be attributed to the difficulties veterans continue to face when buying a home. They are on the bottom of the hierarchy.” Bottom Line.

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VA loan Loans Finance Mortgages 297

Inman

SEPTEMBER 18, 2024

Are your clients considering a Veterans Affairs home loan? Let Clever Real Estate’s Luke Babich walk you through the most common pain points to help ease the process for your buyers.

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VA loan Loans Agents Mortgages 183

Housing Wire

MAY 26, 2021

How to defend your team against the top three threats to loan quality. Lenders today need a way to validate the closing agents, ensure the legitimacy of the wire transfer information and confidently fund loans with exacting precision. Here’s how to do just that: Presented by: DataVerify.

Closing 476

Closing Mortgages VA loan FHA loan 476

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.” Under current regulations, VA buyers are not allowed to pay for buyer’s representation.

Lending 448

Lending Mortgages VA loan Finance 448

Housing Wire

JULY 20, 2021

Redfin reported recently that 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% Conventional mortgage loans composed 74.4% of loan applications in June, while FHA loans composed 14%. RHS/USDA loans composed 1% and VA loans composed 10.6%.

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Marketing VA loan FHA loan Loans 511

HomeLight

NOVEMBER 29, 2023

If you’re eyeing a property with a VA loan attached, you might be wondering about the potential of assuming the loan to benefit from a lower interest rate. This guide will walk you through the concept of an assumable VA loan. Get Started What is a VA assumable loan?

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VA loan Loans Mortgages Agents 111

Housing Wire

OCTOBER 6, 2023

The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. “It’s hard for brokers to win deals now.

Mortgages 493

Mortgages VA loan Finance Renovation 493

HomeLight

SEPTEMBER 20, 2024

If you’re on active duty, a military veteran, or the surviving spouse of someone who has served in the military, buying a home could be more affordable than you realize, thanks to the home loan offered by the Department of Veterans Affairs (VA). VA loan basics: How common are these types of mortgages?

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VA loan Loans Mortgages Renovation 105

Housing Wire

DECEMBER 16, 2022

Potential buyers who may have had an FHA or VA loan were left behind as about one-quarter of the market was paying all cash for homes. Four-fifths of buyers’ agents say it is easier to visualize the buyer in the future property. At the height of the spring market, the typical home had 5.5

VA loan 497

VA loan Staging Equity Mortgages 497

Housing Wire

JULY 22, 2024

Brooklee Han: Right now in the real estate industry, we are seeing a tremendous amount of adoption of artificial intelligence at a time when we are also seeing many parties questioning the value of a real estate agent. Now, agents are responsible for so much. How is RE/MAX working to meet this moment?

Industrial 454

Industrial Technology VA loan FHA loan 454

BAM Media

NOVEMBER 11, 2024

® released a report showcasing the benefits that VA loans offer to military families. of homes purchased with VA loans involved down payments of less than 10%, and 74.5% purchased with 0% down—a standout feature of VA loans. average for conforming loans. .” average for conforming loans.

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VA loan Loans Agents Industrial 52

Housing Wire

MARCH 28, 2024

Approximately 91% of the company’s volume last year consisted of purchase loans, with refis accounting for 5% and the remaining share coming from home equity lines of credit (HELOCs). Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product.

Loan Officer 459

Loan Officer VA loan Loans Technology 459

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Government, FHA, and VA loans do not apply and the program is not available in 16 states, including New York, Massachusetts, and Rhode Island.

Closing 397

Closing Loans VA loan Mortgages 397

Realty Biz

MARCH 28, 2023

A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. We look at a home's requirements when applying for a VA loan. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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VA loan Inspection Loans Land 94

Housing Wire

JANUARY 17, 2023

That’s one reason why Prosperity’s focus is expanding by helping their partner real estate agents close more deals rather than prioritizing branch expansions. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS.

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Mortgages VA loan Loans Banks 418

Housing Wire

JANUARY 9, 2025

He also shared his advice for new agents and his take on whether or not social media is still worth the effort in 2025. He shares his simple but clever posting strategies for agents below. “For example, if you want military buyers, you want VA home loan buyers, make content specifically for them.

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Closing VA loan Agents Loans 370