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Selling your home to a family member in 5 easy steps

Housing Wire

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. Why is selling to a family member different?

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

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Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

Anytime there is a downturn in housing sales or a shock to the industry like with the litigation settlement, although we have not faced anything like this in my 47 year career, there is uncertainty,” Murray said. My advice is to start simple. When you get right down to it, it is a matter of risk and who is going to take what risk.”

Brokerage 467
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Ocwen to buy $48B MSR package from AmeriHome

Housing Wire

Join us to learn how they are using new strategies to bypass these frustrations, ultimately leading to a pickup in loan sale profitability. AmeriHome purchased approximately $65 billion in conventional conforming and government-insured originations in 2020. Technology for navigating secondary market challenges. Presented by: MCT.

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It’s official: QM rule compliance delayed until October 2022

Housing Wire

Today’s action means that lenders have more time to offer QM loans based on the homeowners’ DTI, and more time to use the GSE Patch, which provides QM status to loans that are eligible for sale to Fannie Mae or Freddie Mac. This follows the bureau’s notice of proposed rulemaking on the issue on March 4. “So

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Rocket’s earnings plummet, but its liquidity remains solid

Housing Wire

The new lending pact supplements an existing $1 billion line of credit agreement with Citibank — resulting in a total $2 billion credit facility extended to Rocket by the bank. Rocket indicates in the SEC filing that it plans to use the new $1 billion MSR-secured credit facility to fund servicer advances or future purchases of MSRs.

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GSEs won’t buy QM loans under GSE Patch after July 1

Housing Wire

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

Loans 353