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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Beyond that, Deephaven allows up to 3% seller concessions at closing. Bank statement loans Accepting a borrower who doesnt have a traditional 9-5 job can be a challenge for some lenders. Bank Statement loans are designed for self-employed borrowers. Bank Statement loans are designed for self-employed borrowers.

Loans 341
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UWM expands buydown options to combat high mortgage rates

Housing Wire

With the seller-paid version, seller concessions, which are closing costs the seller agrees to pay, are deposited as a lump sum into the buydown account. The temporarily lower rate is made possible by a lump sum that is deposited into a buydown account. Presented by: Flagstar. primary home purchases.

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Seller Concessions in Real Estate Explained

Realty Biz

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

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Home prices will drop to 2008-levels in these four cities: Goldman Sachs

Housing Wire

The multinational investment bank and financial services company says home prices, which have been on the decline since June 2022, will fall further this year than previously predicted. According to Redfin, San Diego and Phoenix are among the most popular markets for seller concessions.

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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. For example, a 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. a loan officer in Washington noted.

Mortgages 417
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Reverse mortgage volume, securities issuance fall in February

Housing Wire

I think the best places to focus right now are giving the H4P a muscular new push due to the seller concessions update , and working with forward mortgage distribution and servicing opportunities to convert forward loans into new reverse borrowers,” he said. The reverse mortgage industry (in 2014) was in transition,” Kelly explained.

Mortgages 467
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From consultation to closing: The definitive homebuying checklist

Housing Wire

This typically includes: Recent pay stubs Last two years tax returns Recent bank statements Proof of any additional income or assets Discuss the budget Once you have the mortgage pre-approval, have an open conversation about your client’s financial situation.

Closing 371