Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

OCTOBER 27, 2023

Since 2015, ALTA has provided education through Home Closing 101, a consumer-focused website that provides information about the closing process, how they can protect their property rights, how to file a claim, and how to find a title company. Closing on a loan can vary from state to state, and even within the same county or city.

Title 511

Title Title search Land Closing 511

Housing Wire

DECEMBER 5, 2024

Without accountability, even the best leads won’t translate into closed deals. Step 4: Develop a recruitment and retention strategy Attracting and retaining top talent is critical to scaling your team. Offer training, mentorship, and career development plans to support long-term success.

Development 370

Development Technology Closing Agents 370

Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). FHFA Director Sandra Thompson lauded the development in a statement accompanying the report.

Banks 459

Banks Loans Development Finance 459

Housing Wire

MARCH 11, 2024

“Lorraine is a powerhouse in the Manhattan luxury scene, boasting almost two decades of expertise and Kathy is synonymous with excellence and her extensive knowledge of Manhattan luxury and new developments across the city makes her an unstoppable force,” Kevelyn Guzman, regional vice president of Coldwell Banker Warburg, said in a statement.

Development 459

Development Brokerage Banks Agents 459

Housing Wire

NOVEMBER 15, 2024

The promotion applies to select homes in various housing developments across multiple cities. Magnolia Ridge, one of the participating housing developments in the Greater Houston deal, is offering $7,500 to $7,500 off select homes , with a few of the homes seeing prices drop from $289,200 to $244,990 and $248,590 to $239,990.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

APRIL 10, 2024

In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test. Violations identified vary across different stages of the loan process.

Banks 447

Banks Brokerage Mortgages Loans 447

Housing Wire

JULY 18, 2024

It is our team’s job to understand how LeadingRE can best support them, which may mean recommending specific courses from our Institute learning platform, introducing technologies from a Solutions Group provider, engaging them in our commercial real estate program, or helping them build new development business through Destinations by LeadingRE.

Industrial 441

Industrial Commercial Brokerage Development 441

Housing Wire

DECEMBER 20, 2024

The reasoning seems simple: if someone excels at closing deals, building relationships with realestate agents , and generating revenue, they must also have the ability to inspire and manage others. Skills such as coaching, conflict resolution, and teammotivation are rarely developed through sales roles alone. Heres how: 1.

Industrial 364

Industrial Loan Officer Mortgages Loans 364

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. Throughout the development process, we worked hand in hand with our staff to develop and perfect it.

Mortgages 435

Mortgages Technology Loans Development 435

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 NHC lauded the development. This would be accomplished by an expansion of the Low-Income Housing Tax Credit (LIHTC) to build or preserve 1.2

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

MARCH 15, 2024

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.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Through Blue Sage DSP, lenders will be able to close loan transfers, process individual and batch payments, onboard loans as well as collect payments, the company said.

Lending 448

Lending Loans Technology Investor 448

Housing Wire

JUNE 21, 2024

The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program. The pilot program includes several limitations to the types of loans the government-sponsored enterprise will be allowed to purchase.

Mortgages 459

Mortgages Equity Closing Loans 459

Housing Wire

AUGUST 15, 2024

Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). The litigation is taking place in the midst of the development of a new HMBS program by Ginnie Mae, which the entire industry is watching closely. Attorneys for the U.S.

Bankruptcy 466

Bankruptcy Banks Development Loans 466

Housing Wire

JUNE 17, 2024

Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6 loanDepot recorded a non-GAAP adjusted net loss of $38 million in first-quarter 2024 and is expected to soon close an extension of its debt that is currently due at the end of 2025.

Lending 447

Lending Mortgages Banks Closing 447

Housing Wire

AUGUST 29, 2024

Additionally, urbanization is closely linked to the concept of “aging in place,” where more individuals choose to remain in urban areas as they age, necessitating housing solutions tailored to their specific needs. As cities become denser, the challenge of providing sufficient, affordable housing becomes more acute.

Development 459

Development Renovation New Construction Land 459

Housing Wire

JULY 1, 2024

Over the last 15 years, we have developed close relationships with the communities that we serve,” Higgins said in a statement. “We Mark has assembled and developed a highly respected group of real estate professionals who share the same values of collaboration and community.

Title 427

Title Brokerage Development Closing 427

Housing Wire

SEPTEMBER 9, 2024

million in cash paid on the closing date, $1.5 This acquisition furthers our long-term plan of developing a full-service commission-free homebuying and financing technology platform powered by our proprietary AI technology and dedicated professionals,” Brent Miller, chief financial officer of reAlpha, said in a prepared statement.

Brokerage 454

Brokerage Mortgages Technology Branding 454

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. Craft, however, points out that this also is a risk that would develop potentially if all CES securitization went through the private-label market.

Equity 491

Equity Loans Investor Mortgages 491

Housing Wire

JUNE 11, 2024

Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa. “HUD Open Mortgage has continued to operate in the forward lending space.

FHA loan 475

FHA loan Mortgages Loan Officer Loans 475

Housing Wire

AUGUST 2, 2024

Gromowski, the company’s head of data science, and Singh, the vice president of GenAI property insights, discussed the importance of data in the development of artificial intelligence and offered advice for companies that wish to integrate AI into their business processes. From there, Wheeler segues into AI cybersecurity.

Development 468

Development Technology Industrial Closing 468

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

FEBRUARY 27, 2024

Ironic, isn’t it, that an industry purposed to help consumers achieve arguably the most important financial transactions of their lives has a tough time keeping them close? These figures point to a “stickiness” that’s largely missing in our industry.

Finance 448

Finance Technology Loans Industrial 448

Housing Wire

OCTOBER 16, 2024

Dubbed “HMBS 2.0,” the forthcoming program’s development was initially announced early this year before Ginnie Mae released a more detailed term sheet over the summer. we’ve consulted closely with issuers and industry experts to identify the needs of the market and get their input.” For HMBS 2.0,

Development 448

Development Industrial Equity Land 448

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing.

Finance 448

Finance Principal Residential Development 448

Housing Wire

APRIL 9, 2024

In the meantime, Rocket developed its patented platform, which the lender claims relies on more than 10 petabytes of proprietary data, 50 million annual call transcripts, deep learning, and generative AI systems. The lender says the technology allows the company to close loans 2.5 times faster than the industry average. “By

Loans 486

Loans Technology Mortgages Finance 486

Housing Wire

JULY 1, 2024

On Friday, the Anthony Lamacchia -helmed firm announced that Atallah had recently joined Lamacchia Realty as its new senior vice president of business development. Prior to joining Lamacchia Realty, Atallah served as senior vice president of sales, development and M&A at Anywhere since May 2023.

Brokerage 448

Brokerage Development Sales As-is 448

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier. JI: The short answers are innovation and education.

Lending 454

Lending Investor Finance Development 454

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

OCTOBER 22, 2024

The company announced the addition of the Maine -based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. This allows me to focus on what I do best: finding, developing, and nurturing top talent.” eXp Realty continues to add agents and teams at a fast clip.

Agents 428

Agents Residential Technology Development 428

Housing Wire

SEPTEMBER 30, 2024

It’s the idea of keeping close ties with family that are not “not too close.” And academic researchers have also helped to develop smart-home technology platforms for such a purpose. Based on the U.S. Census Bureau ’s 2023 Current Population Survey, nearly one-third (28%) of the 65-and-older population lives alone.

Technology 482

Technology Closing Development As-is 482

Housing Wire

JULY 11, 2024

He was previously an agent who pounded the phones to develop his business. According to the company, he closed 24 deals that were purely generated by cold calling. OpenHome is a platform for managing open-house visitors, with the goal of progressing these leads into closed sales.

Technology 434

Technology Land Design Agents 434

Housing Wire

APRIL 30, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced their decision late last week to walk back some of these plans. Certner cited fair lending concerns and the potential of undue borrower influence. These consumer protections have always been an important aspect of the HECM program.”

Mortgages 442

Mortgages Closing costs Equity Construction 442

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

SEPTEMBER 11, 2024

In an email to partners on Tuesday, ICE said that it will be closing down the Encompass SDK (Software Development Kit) on the same day it sunsets the program’s Technology Partner Network, Total Quality Loan Services, PSDK and ePass.

Industrial 459

Industrial Mortgages Technology Development 459

Housing Wire

JULY 12, 2024

Department of Housing and Urban Development (HUD) underwriting requirements in connection with the underwriting of approximately 1,500 [HECMs],” they explained. But by failing to develop causation evidence, the DOJ is now limited to seeking only civil penalties against Nutter. 9 — the defense is encouraged by this development.

Loans 444

Loans Development Mortgages Equity 444