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

Housing Wire

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. Assisting homebuyers and their agents adds more to an LO’s plate.

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Majority of recent homebuyers have regrets: survey

Housing Wire

Even after navigating the climate of higher mortgage rates and a dearth of available listings, 82% of recent buyers had regrets about their purchase, Clever reported. More than 40% of this group said they’ve struggled to make on-time mortgage payments or have taken on new debt to maintain their current lifestyle.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 418
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Opinion: Reframing the American Dream of homeownership

Housing Wire

This article explores these issues and underscores the role of real estate and mortgage professionals in guiding clients through these turbulent times. The role of real estate and mortgage professionals In times like these, the role of real estate agents , brokerage owners and lenders becomes even more critical.

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Buydowns become key for buyers to beat the market

Housing Wire

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Marketing 493
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Show up, don’t show off: Laura O’Connor is redefining success in real estate

Housing Wire

Second, we’ve established mandatory forms for our agents that are affiliated with JPAR – Real Estate, our real estate brokerage operating in 28 markets across Texas. Partnerships, which are all about relationships, are important for any business owner, whether that is at the brand, brokerage or agent business level.

Branding 435
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What Is the Average Cost to Sell a House in California?

HomeLight

You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Seller concessions. Seller concessions might be a cost to sell a house in California. You may not have to make concessions to make the sale. Realtor® fees.