Housing Wire

JANUARY 15, 2025

It may be a new year, but Howard Hanna Real Estate Services is picking up right where it left off. On Wednesday, the family-owned brokerage announced its acquisition of Ohio -based Home Experts Realty. Founded in 2011, Home Experts Realty has grown to nearly 400 agents. The financial terms of the deal were not disclosed.

Closing 370

Closing Brokerage Principal Agents 370

Housing Wire

JANUARY 9, 2025

Williams: By the numbers Farm area: Virginia Beach Deals closed in year one: 2 Deals closed in year two: 24 Number of agents on his team: 15 Number of social media followers: 26,000 Favorite real estate software: kvCORE Favorite script: LPMAMA Embrace the cringe Think youre going to become an overnight sensation on Instagram?

Closing 370

Closing VA loan Agents Loans 370

Housing Wire

OCTOBER 25, 2024

Novaprime is starting with post-close quality control functions and working backwards. Miami-based Novaprime utilized smart contracts that conform to MISMO standards and extract all the loan data and compare it to source data of documents as well as agency eligibility, all in real time.

Loans 435

Loans Investor Closing Lending 435

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.

Title 501

Title Land Closing As-is 501

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

NOVEMBER 13, 2024

While seasonal factors may slow things down briefly, we’ll be watching closely to see how these recent dynamics affect the market in the coming year.” California (one in 3,152) and South Carolina (one in 3,272) followed closely behind. Cleveland (one in 2,186) and Fresno, California (one in 2,247) followed close behind.

Real-estate owned 448

Real-estate owned Mortgages Closing Banks 448

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.” According to CHLA, the credit costs for closing a single loan have increased from $50 in 2022 to between $150 and $200 in 2024. ” Leading U.S.

Mortgages 435

Mortgages Loan Officer Closing costs Loans 435

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. The home builder’s holiday incentives range by location.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

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%. However, despite wide expectations that home prices will continue to rise and that the U.S.

Loans 476

Loans FHA loan Equity Closing costs 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

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. Teams are led by a team leader.

Purchase and sale agreement 418

Purchase and sale agreement Branding Agents Closing 418

Housing Wire

OCTOBER 25, 2024

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! TD: DSCR loans are one of the easiest and quickest loans to close.

Investor 448

Investor New Construction Construction Loans 448

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

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 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.

Construction 511

Construction Residential Sales Mortgages 511

Housing Wire

DECEMBER 9, 2024

After many years of serving consumers, EasyKnock has closed its doors, a message on the companys website states. In February 2024, the company closed a $28 million Series D funding round from new and existing investors, including Gaingels , Moderne Ventures , QED Investors and Zillow co-founder Spencer Rascoff.

Equity 370

Equity Investor Residential Closing 370

Housing Wire

OCTOBER 22, 2024

For title professionals who must manage property records, closing statements and other critical documents, this time adds up. SoftPro is committed to delivering superior solutions to the real estate title, closing and escrow industry. So, always double-check any AI-generated communication for accuracy.

Title 448

Title Industrial Technology Closing 448

Housing Wire

JANUARY 6, 2025

Vanderbilt knowingly traps people in risky loans in order to close the deal on selling a manufactured home, CFPB Director Rohit Chopra said in a statement. Vanderbilt is a unit of the largest U.S. builder of manufactured homes , Clayton Homes Inc. , a wholly owned subsidiary of Berkshire Hathaway.

Loans 448

Loans Finance Lending Mortgages 448

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

MAY 28, 2024

Expect that demand to be noticeable if the 30-year fixed rate gets close to 6.5%. A few thousand more homes are under contract to close in June than there were a year ago. These 404,000 pending single-family home sales will close mostly in June. These are sales that will close mostly in June.

Sales 534

Sales Mortgages Closing Marketing 534

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.

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

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

DECEMBER 2, 2024

According to a press release, the merger is expected to close in 2025 and is subject to regulatory approval. In an 8-K filing with the Securities and Exchange Commission (SEC), Compass informed its shareholders that it will purchase the companies for $150 million in cash at closing, along with roughly 44.13

Brokerage 435

Brokerage Closing As-is Sales 435

Housing Wire

SEPTEMBER 30, 2024

It’s the idea of keeping close ties with family that are not “not too close.” Eric Klinenberg, a sociology professor at New York University , said that this is also driven by an accelerating trend of what he calls “intimacy at a distance.” Based on the U.S.

Technology 482

Technology Closing Development As-is 482

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

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development. 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

AUGUST 29, 2024

of the retirement-age population in that state is still working, followed closely by other New England states: Massachusetts (23.8%), New Hampshire (23.0%) and Connecticut (22.6%). This near doubling of worker participation aligns closely with significant changes in government policy.” After reaching a low of 10.8%

Closing 468

Closing As-is 468

Housing Wire

OCTOBER 23, 2024

Do you closely analyze your competitors on major projects like this and, if so, what have you learned in this instance? At Rate, we don’t necessarily track or follow our competitors’ moves closely. Could you offer more specific details on that, and do you have a goal for the typical application-to-closing timeline?

Mortgages 435

Mortgages Technology Loans Development 435

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

JANUARY 15, 2025

However, direct premiums and escrow fees collected rose 9% annually, due to a 7% increase in the average revenue per direct order closed to $3,926, and a 1% increase in the number of the direct title orders closed. During the third quarter of 2024 , First Americans title division generated $1.29

Title 370

Title Technology Closing As-is 370

Housing Wire

DECEMBER 19, 2024

million sales in 2025, a number that is close to the current rate of 4.15 The existing-home sales report comes as major real estate companies are releasing their forecasts for the 2025 housing market. HousingWires forecast , penned by Lead Analyst Logan Mohtashami and Altos Research President Mike Simonsen, project 4.2 million by NAR.

Sales 459

Sales Land Industrial Closing 459

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. As these business practice changes begin Aug.

Debt-to-income ratio 488

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

Housing Wire

NOVEMBER 11, 2024

Not even close. ” If a deal closes, Zillow will collect 40% of the agent’s commission. No real estate platform in America gets more eyeballs. The lead generation program is designed for top-producing agents and teams who spend thousands a month on Zillow leads.

Mortgages 459

Mortgages Loan Officer Loans Agents 459

Housing Wire

JANUARY 4, 2025

If we apply the worst spread levels from 2023 to today’s rates, we would see an increase of an additional 0.77% on the mortgage rate, bringing us close to 8%. Last year’s lowest point for inventory was in February, so we will monitor this closely. Weekly inventory change (Dec.

Mortgages 508

Mortgages Sales Closing Construction 508