Remove Closing costs Remove Investor Remove Staging
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CFPB director open to changing mortgage regs to fix refi process

Housing Wire

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. We’re also looking at identifying ways to jumpstart competition in certain closing cost categories, which can also help spur more activity.

Mortgages 476
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How non-QM lender A&D Mortgage grew origination volume in 2022

Housing Wire

A&D is also in the final stages of its non-QM automated underwriting system, which will be distributed to broker partners in the coming months. While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. bps toward closing costs at the time of the closing. “We

Mortgages 418
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Black Knight’s Expedite Close eClosing solution uses automation to select the best way to close each loan

Housing Wire

Black Knight is committed to helping all stakeholders involved in a real estate transaction move closer to a secure, paperless closing environment, while shortening the closing timeline to effectively reduce closing costs.

Closing 370
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Chopra: Credit reporting industry’s fee hikes “raise big questions”

Housing Wire

Rohit Chopra , the head of the Consumer Financial Protection Bureau , and frequent critic Bob Broeksmit, the president and CEO of the Mortgage Bankers Association , sparring on stage over what constituted a junk fee. ” Chopra also took aim at related verifications that are required by investors to buy a loan.

Mortgages 482
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Tavant adds automated asset analysis product to its lending platform

Housing Wire

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

Lending 396
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Yes, Cash Buyers Pay Closing Costs, and Sometimes Even the Seller’s Fees

HomeLight

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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What do the D.C. attorney general’s actions mean for the future of title joint ventures?

Housing Wire

The four firms in question all had joint ventures (JVs) or affiliated business arrangements (ABAs) in which real estate agents, who were also business referral sources, were investors. DC has the highest housing closing costs in the country,” Schwalb wrote in a post in late August. “We

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