Housing Wire

OCTOBER 25, 2024

Novaprime is starting with post-close quality control functions and working backwards. Novaprime is starting with post-close quality control functions and working backwards. “Once it’s committed, we help them create the delivery files as well so they can go and deliver the loan.” That adds up.

Loans 435

Loans Investor Closing Lending 435

Housing Wire

DECEMBER 18, 2024

This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. As 2024 comes to a close, the Fed has managed to overlook these issues for another year due to the factors mentioned above. We will soon find out. Lets take a closer look at the data.

Construction 511

Construction Residential Sales Mortgages 511

Housing Wire

AUGUST 5, 2024

Despite the seemingly common occurrence of seller impersonation fraud, 46% of respondents reported that it was at least “somewhat common” to catch fraud attempts before closing, while 26% said it was more common to catch fraud after closing. Seller impersonation fraud is on the rise.

Title 501

Title Land Closing As-is 501

Housing Wire

OCTOBER 31, 2024

If a consumer is in the homebuying process, the fraudster will send false wiring instructions to the homebuyer ahead of closing—often appearing as if they are from a trusted representative in the transaction. The title industry works closely with financial institutions and the FBI to help recover incorrectly transferred funds.

Title 476

Title Industrial Land Banks 476

Housing Wire

JANUARY 17, 2025

This is why it’s essential to monitor builders’ forward-looking outlooks closely. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data. This is 15.8 percent (14.4 percent (11.3

Mortgages 468

Mortgages Construction Sales As-is 468

Housing Wire

SEPTEMBER 9, 2024

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

Mortgages 476

Mortgages Closing costs Title Technology 476

Housing Wire

MARCH 7, 2024

Biden will also call for “lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters,” according to the White House announcement. The mortgage relief credit would provide “middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years,” according to the announcement.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

AUGUST 13, 2024

ALTA argues that consumers are in fact very well informed about the price of closing costs as under the CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule, the cost of title insurance and related services is disclosed to consumers at the start of the loan underwriting process and prior to closing.

Title 468

Title Mortgages Land Closing costs 468

Housing Wire

FEBRUARY 28, 2024

All real estate agents, insurance agents and other financial pros must submit new mortgage applications by March 29, 2024, and loans in the pipeline must close by June 28, 2024, Rocket said in the email. He said the company would continue to provide credit reports at no cost to brokers who close loans through Rocket.

Agents 516

Agents Loans Mortgages Closing 516

Housing Wire

OCTOBER 25, 2024

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Close one loan for a real estate investor and you have a repeat client for life!

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

DECEMBER 27, 2024

Fleet Homes Real Estate Team – Keller Williams Real estate teams are comprised of real estate agents and other professionals working together towards one common goal to close deals. Depending on the team’s structure, agents can work closely together or independently. Joining a team is a very personal decision.

Purchase and sale agreement 418

Purchase and sale agreement Branding Agents Closing 418

Housing Wire

NOVEMBER 15, 2024

Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year. In Charlotte , borrowers to lock in a lower rate on select Quick Move-In homes that can close by the end of the year. That’s right, there are Black Friday home sales!

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The elephant in the room is affordability. Homes are already staying on the market 20% longer than a year ago.

Marketing 543

Marketing Sales Mortgages As-is 543

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.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Of course, we have to keep watching the sales rate too.

Sales 534

Sales Mortgages Closing Marketing 534

Housing Wire

OCTOBER 29, 2024

Bryan VantHof, a member of the RE/MAX Advantage Plus -brokered The Minnesota Real Estate Team , also believes the amount the seller nets is central to getting a deal closed. Per the settlement, the agreement must outline how much the buyer broker will be compensated — pending the successful closing of a transaction.

Marketing 448

Marketing Agents Closing costs Industrial 448

Housing Wire

DECEMBER 19, 2024

million sales in 2025, a number that is close to the current rate of 4.15 The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1%

Sales 459

Sales Land Industrial Closing 459

Housing Wire

OCTOBER 9, 2024

As the buy-side agent, you don’t want to get to the closing table and realize that the seller isn’t going to cover your compensation because you didn’t ask for it in the purchase and sales and your buyer doesn’t have the money to come out of pocket,” McIntire said. Heading into Aug. which is no longer in effect. Hampe Associates.

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

Housing Wire

NOVEMBER 7, 2024

Climate change is increasing the intensity and severity of natural disasters. It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

NOVEMBER 20, 2024

“With total average closing costs of $6,000, FICO’s share of total average closing costs before this new per-score royalty was only approximately two-tenths of one percent.” And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In early November, Fair Isaac Corp.

Mortgages 435

Mortgages Loan Officer Closing costs Loans 435

Housing Wire

OCTOBER 22, 2024

For title professionals who must manage property records, closing statements and other critical documents, this time adds up. Still a little lost when it comes to AI? First, check out SoftPro’s recent blog , delving into the basics). So, always double-check any AI-generated communication for accuracy.

Title 448

Title Industrial Technology Closing 448

Housing Wire

JULY 9, 2024

The team closed nearly $120 million in sales volume in 2023. The firm closed $110 million in sales volume in 2023 and marks the first independent brokerage to join Real in New Hampshire. The California-based team serves clients in the San Joaquin Valley and closed $98 million in sales volume in 2023. Jill & Co.

Brokerage 448

Brokerage Agents Closing Sales 448

Housing Wire

NOVEMBER 19, 2024

Since a Fed president makes this claim, it’s worth examining the data closely as he and his staff should be able to see the same housing data we are all looking at. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher. percent (±11.6 percent (±9.0

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

JANUARY 3, 2025

A lot of times when seniors go through counseling and really take a close look at the loan, they can get confused. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

JANUARY 8, 2025

In 2025, we expect unsold inventory of homes on the market to get very close to the 2018 levels. Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. According to the latest FHFA data , as of Q3 2024, 17.2% of outstanding mortgages, around 8.7 The impact will be felt for years.

Mortgages 488

Mortgages Finance Loans Equity 488

Housing Wire

JANUARY 6, 2025

She will work closely with Wright to engage with brokerage leaders and better understand their needs, concerns and perspectives on the future of the real estate industry. On Monday, the National Association of Realtors (NAR) announced Chris appointment as an independent consultant and special adviser to CEO Nykia Wright.

Brokerage 458

Brokerage Branding Industrial As-is 458

Housing Wire

OCTOBER 21, 2024

Here are the five real estate contradictions we’re seeing as we close out 2024 and prepare for the new year. As 2025 approaches, the U.S. real estate market is marked by contradictions that are leaving many confused. As of early October, the 30-year fixed rate stood at 7.2 percent as opposed to the expected below 6 percent.

Marketing 493

Marketing Mortgages Finance Agents 493

Housing Wire

OCTOBER 24, 2024

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Their work is done, and it’s up to the receiving agent to serve the client and close the deal. When you buy through our links, we may earn a commission.

Agents 433

Agents Closing As-is Industrial 433

Housing Wire

JULY 30, 2024

Once the transaction is closed, which is expected on Aug. The deal is expected to close in the fourth quarter of 2024. On Monday, the mortgage lender and servicer said that its debt offering to qualified investors through subsidiary Nationstar Mortgage Holdings will bear an annual interest rate of 6.5% that is payable semiannually.

Principal 482

Principal Investor Banks Mortgages 482

Housing Wire

AUGUST 12, 2024

They are usually used to finance the down payment or closing costs and typically work in an 80-10-10 structure with the first mortgage covering 80% of the total cost, the piggyback covering 10% and the borrower paying the remaining 10%. This is according to a CoreLogic report published on Monday.

Loans 476

Loans FHA loan Equity Closing costs 476

Housing Wire

OCTOBER 7, 2024

The holistic approach: A paradigm shift in quality control The traditional view of QC as a post-closing audit function is rapidly becoming obsolete. ” This approach involves analyzing data from post-closing reviews to inform pre-funding discretionary sampling.

Lending 459

Lending Mortgages Technology Loans 459

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level.

Mortgages 518

Mortgages Banks As-is Closing 518

Housing Wire

AUGUST 8, 2024

In a normal market, homes sell and list for really close to the same dollar amount. Any given home might be over or under price, but on average, the sale-to-list price ratio is very close to 100%,” Simonsen said. Ultimately, the reason 80% of people move is because of life changes — getting married, starting a family.

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

Housing Wire

JANUARY 13, 2025

Mortgage rates pushed this week close to 7.25%. There were 45,000 new listings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward.

Sales 417

Sales Mortgages Marketing Staging 417

Housing Wire

AUGUST 19, 2024

When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. Most sellers see the value of making sure their deal closes and are open to discussions of some participation in the buyer’s agent fee.” The landmark date of Aug.

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

DECEMBER 5, 2024

Without accountability, even the best leads won’t translate into closed deals. Step 6: Focus on customer experience to build loyalty A great customer experience not only closes deals but also creates lifelong clients who bring in referrals and repeat business. Personalize follow-ups to maintain relationships long after closing.

Development 370

Development Technology Closing Agents 370

Housing Wire

JULY 25, 2024

million customers to Mr. Cooper and improve NYCB’s capital level, is expected to close in the fourth quarter of 2024. “We have long respected Flagstar as a mortgage servicer, and we feel very closely aligned with their cultural values.” As part of the deal, the Dallas-based servicer and lender will pay $1.4

Banks 493

Banks Equity Commercial Mortgages 493