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Mortgage demand picks up as seller concessions rise

Housing Wire

And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . Concessions, mortgage rate buydowns save deals. According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns. According to a new Redfin report, a record 41.9%

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

Housing Wire

The importance preparing yourself with non-QM options The mortgage industry is fickle. Luck and success favor the prepared and that fact remains in the mortgage industry. Beyond that, Deephaven allows up to 3% seller concessions at closing. Supply chain issues and other factors can raise national interest rates.

Loans 343
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception. stares down the barrel of a considerable economic downturn.

Finance 482
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Consumer watchdog releases criteria for evaluating buyer agency agreements

Housing Wire

These criteria will assist regulators, consumer groups, and the industry itself to assess the fairness of new buyer agreements,” Brobeck said in a statement. The CFA said the proposed criteria was created after the group received requests from several unnamed real estate companies.

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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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.

VA loan 482
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What Are Seller Concessions in Real Estate?

RIS Media

Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process. We will… The post What Are Seller Concessions in Real Estate? appeared first on RISMedia.