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 434

Loans Investor Closing Lending 434

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 510

Construction Residential Sales Mortgages 510

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

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

FEBRUARY 3, 2025

The last thing a buyer wants is to find out after the deal closes that the founder of the business registered a name or trademark in their own name and never properly assign it to the company. The current environment of mergers and acquisitions (M&A) is evolving. Patent & Trademark Office. The same is true of domain names.

Due diligence 418

Due diligence Purchase and sale agreement Industrial Mortgages 418

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

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

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

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 28, 2025

system are the speed of the transfer, which in our system depends only on the parties being ready to close. system are the speed of the transfer, which in our system depends only on the parties being ready to close. Once the parties have closed, it is only then that we place the transfer document (deed) in the government land records.

Title 417

Title Land Closing Sales 417

Housing Wire

JANUARY 23, 2025

In sum, our analysis shows Fannie Maes title insurance pilot will have a profound and long- lasting impact on closing costs, potentially eliminating a barrier that prevents many homeowners from pursuing a refinance or other financially beneficial transaction. Fannie Mae s title insurance pilot program could save borrowers up to $2.19

Title 468

Title Land Loans Closing costs 468

Housing Wire

FEBRUARY 8, 2025

Last week, the 10-year yield closed at approximately 4.49%. We will keep a close eye on the data in February and we will be discussing this and other housing economic topics at our big Housing Economic Summit Feb. Today, I want to explain why this topic is essential as we look ahead to the rest of 2025. 26 in Dallas.

Mortgages 489

Mortgages Banks As-is Sales 489

Housing Wire

FEBRUARY 3, 2025

It also ties into architects and builders creating smaller, denser homes to help close the affordable housing supply gap. Strickland said that 75% of the loans she closed last year were government loans, adding that all of them were purchase money. I think the same could be said for most in my industry, she added.

Debt-to-income ratio 383

Debt-to-income ratio Loans VA loan FHA loan 383

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 488

Mortgages Construction Sales As-is 488

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 430

Agents Closing As-is Industrial 430

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

FEBRUARY 12, 2025

Buyer after closing Dear (Buyer Name), It was a pleasure working with you! Co-broke agent after closing Dear (Agent Name), It was a pleasure working with you on the sale of (Address)! Lender/attorney after a tough closing Dear (Vendor), I know this wasnt an easy one, but thank you for all your help getting us to the closing table.

Agents 342

Agents Closing As-is Land 342

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

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

DECEMBER 18, 2024

SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News. Understandably, this is upsetting news to all.

Earnest money deposit 380

Earnest money deposit Principal Closing costs Brokerage 380

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

Housing Wire

NOVEMBER 23, 2024

This has caught my attention and is something I am following closely. I figured those increases would produce the same weakness in purchase apps that we saw earlier in the year. However, surprisingly, demand has held up better than I anticipated. We aren’t growing like before, but we aren’t as negative as I thought either.

Mortgages 514

Mortgages As-is Sales Marketing 514

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 Editor’s note: This is the fifth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. million in volume in 2023, according to RealTrends Verified data.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

NOVEMBER 4, 2024

These are homes that will generally close in November and December. But they’re back up to 7% now, so maybe this strength is fleeting and will evaporate as we close out the year. But they’re back up to 7% now, so maybe this strength is fleeting and will evaporate as we close out the year. That’s where we are right now.

Sales 395

Sales Staging Mortgages Closing 395

Housing Wire

OCTOBER 18, 2024

They’ve built a digital platform that brings together loan origination , closing, servicing, and data analysis into an all-in-one mortgage solution. Increased efficiency : Automation is key, helping lenders close loans faster and work smarter. What sets ICE apart is how they’ve united different tools into a single platform.

Technology 441

Technology Mortgages Marketing Loans 441

Housing Wire

OCTOBER 8, 2024

Due to Stickman’s decision to dismiss the three defendants, combined with the case being stayed for the remaining defendants due to pending settlement agreements, the court decided to close the case. Despite the closing of the case, the parties can request a status conference or seek to reopen the case by filing a motion.

MLS 447

MLS Closing Agents Industrial 447

Housing Wire

OCTOBER 31, 2024

As part of the deal that closed Oct. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. It is also offering $3.5 Before that, he spent six years at Quicken Loans.

Lending 490

Lending Mortgages Loan Officer Principal 490

Housing Wire

SEPTEMBER 19, 2024

At this time, the 10-year yield is at 3.74%, up from yesterday’s lows and slightly higher from the close. The bond market isn’t old and slow like the Fed — it moves very quickly, and for months it has been sending the 10-year yield (and mortgage rates) lower in anticipation of a series of Fed rate cuts, not just one or two.

Mortgages 531

Mortgages Marketing As-is Industrial 531