Housing Wire

JUNE 9, 2022

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million.

Loans 397

Loans Purchase and sale agreement Investor Finance 397

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. Bids for the FNA 2022-RPL4 offering are due by Sept.

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

Purchase and sale agreement 370

Purchase and sale agreement Title Agents MLS 370

Housing Wire

JANUARY 31, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

Purchase and sale agreement 370

Purchase and sale agreement Title Agents MLS 370

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

JULY 28, 2023

JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California ‘s purchase of PacWest Bancorp , Bloomberg reported. The bank entered into an agreement to buy $1.8 The mortgage transaction is expected to close by late 2023 or early 2024 when the merger is scheduled to be completed, Reuters reported.

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Property managers and real estate agents who are interested in working with investors.

Purchase and sale agreement 397

Purchase and sale agreement Hard money loan Investor Lending 397

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 435

Marketing Purchase and sale agreement Investor Banks 435

Housing Wire

FEBRUARY 9, 2022

Whether you’re a seasoned real estate investor or a first-time homebuyer, it’s a big financial transaction. In what other industry is the preferred method of moving a large amount of money — say, the consideration for the home purchase — a cashier’s check or the wire? There’s really no experience quite like buying a home.

Industrial 418

Industrial Purchase and sale agreement Pre-approval Banks 418

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

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Purchase and sale agreement Property Management Hard money loan Investor 105

Housing Wire

AUGUST 24, 2023

at the closing on Thursday. from the previous close of $17.45 At that time, the company was valued by its investors at $7.7 But Better’s debut came at a low point in the mortgage market, with mortgage rates at their highest levels in more than two decades and historically low levels of home sales. the prior day.

Purchase and sale agreement 370

Purchase and sale agreement Title Mortgages Equity 370

Housing Wire

FEBRUARY 19, 2024

One of the examples I was researching for this month got a $58,000 partial claim granted,” said Houston-based real estate investor Francois Delille, referring to the partial claim program for mortgages insured by the Federal Housing Administration (FHA). down, he was able to get close to a 30% partial claim mortgage,” Delille continued.

Equity 468

Equity Purchase and sale agreement Loans Mortgages 468

Housing Wire

MARCH 21, 2024

per FICO score, and that constitutes less than two-tenths of 1% of the average closing costs of $6,000 per mortgage and is 15% or less of the average cost of a $70 tri-merge credit report.” In 2012, the parties started to renegotiate their license agreement since FICO royalties had been flat for three decades.

Mortgages 476

Mortgages Purchase and sale agreement Closing costs Finance 476

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. “The million to $23.7

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

SEPTEMBER 6, 2023

Investor expectations will change, and government entities will attempt to coordinate their response. Portals: These destinations become marketplaces that integrate the supply chain and allow consumers and their advisors to choose and close within minutes – not months. These essential tools require a collective commitment.

Purchase and sale agreement 370

Purchase and sale agreement Title Mortgages Lending 370

Housing Wire

MARCH 8, 2023

million in the fourth quarter, down from $274 million in the previous quarter, “driven primarily by lower market activity due to increased interest rates and a seasonal slowdown in purchase volume,” the company told investors. Vision 2025 initially projected loanDepot’s headcount to be 6,500 as 2022 came to a close.)

Purchase and sale agreement 370

Purchase and sale agreement Principal Loans Mortgages 370

The Close

NOVEMBER 7, 2024

While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. Have a clear investment strategy and long-term goals before purchasing. A well-structured plan will guide your decisions and attract potential partners or investors. Don’t stop reading, though.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

The Close

MARCH 13, 2025

Selling a house with tenants in place can add an extra layer of complexity to the sale of an investment property. For a smooth sale, you will want to do all you can to minimize the impact on the tenant while maximizing your profitability during the sale. Knowing the type of lease will help you determine your legal options.

Investor 52

Investor Purchase and sale agreement Staging Sales 52

Toronto Realty Blog

JANUARY 16, 2025

” While you and I might think that the math is simple, the idea of “less than nothing” could be significantly more difficult for an 8-year-old girl to understand, or, for an unfortunate, confused, entitled real estate agent and “investor” to grasp when selling his home at a loss. Ron was willing to play ball.

Closing 59

Closing Purchase and sale agreement Brokerage Mortgages 59

Housing Wire

AUGUST 1, 2023

The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. What is clear here is that their long-held view that when rates went up, they could simply change their focus to purchase mortgages is not holding up.

Loan Officer 370

Loan Officer Purchase and sale agreement Loans Mortgages 370

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

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Purchase and sale agreement Brokerage Loan Officer Mortgages 305

Toronto Realty Blog

OCTOBER 10, 2023

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

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Purchase and sale agreement Sales Due diligence Title 98

Marco Santarelli

MARCH 18, 2025

Investor confidence : Trade wars create uncertainty, which can make investors hesitant to put money into the housing market. Investor Pullback: 66.42% believe Canadian investors will pull back from the US. Tariffs and trade tensions could deter Canadian investors, leading to a decrease in demand for US properties.

Marketing 87

Marketing Investor Purchase and sale agreement Construction 87

HomeLight

APRIL 19, 2022

Gone are the days where a simple handshake could solidify a working agreement between a buyer and their real estate agent. Instead of a handshake, buyer’s agents are presenting homebuyers with a document called a “buyer broker agreement” — and you might not know what that is! Buyer-broker agreements, explained.

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Purchase and sale agreement Agents Inspection Brokerage 111

Marco Santarelli

AUGUST 28, 2020

But with a 1031 exchange , you get to defer paying those taxes if you reinvest the proceeds in a new property, making an “exchange” rather than a sale. There are many investors who would like to do a 1031 exchange. However, you don't have to close on these properties immediately. Ideally, you'd have begun the purchase process.

Investor 137

Investor Purchase and sale agreement Title Land 137

The Close

DECEMBER 12, 2024

Ill explore exactly what a probate lead is, the pros and cons of probate leads and properties, and how to find and purchase them. In most cases, probate leads refer to real estate properties that become available for sale as part of the legal process following an individuals passing. What is a Probate Lead?

Purchase and sale agreement 97

Purchase and sale agreement Investor Probate sale Land 97

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

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Purchase and sale agreement Staging Agents Brokerage 105

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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Short sale As-is Purchase and sale agreement Sales 105

Marco Santarelli

APRIL 4, 2025

Refinance Rates : Similar to purchasing rates, refinance rates have also dropped, now averaging 6.49% for 30-year mortgages. When uncertainty prevails in the economy, investors typically gravitate toward safer, less volatile assets like U.S. Treasuries, leading to a decline in interest rates, including those for mortgages.

Mortgages 73

Mortgages Debt-to-income ratio Purchase and sale agreement Loans 73

HomeLight

MAY 5, 2022

Nothing deflates the excitement of buying a home faster than a seller who’s still in the house after closing. That said, a seller remaining in the home after closing isn’t always a nightmare scenario. They may need additional time to find their next home but need the money from the home sale for their down payment.

Rent back 111

Rent back Closing Purchase and sale agreement Agents 111

Realty Biz

JULY 23, 2021

Existing home sales rose by 1.4% million units, following four months of declining sales. The sales numbers are based on transactions closed in the month, so they could be contracts signed in April or May, the National Association of Realtors reported. Sales are still up massively on an annual basis. month supply.

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Sales Purchase and sale agreement New Construction Investor 103

HomeLight

OCTOBER 30, 2020

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. Cash purchases, too, can get held up by a range of potential delays. Why do sellers love cash so much? Because it’s fast. Not always!

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. In this article, we explain how to find and sell to a Los Angeles area cash home buyer.

Sales 105

Sales Purchase and sale agreement Inspection Due diligence 105

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. If you refuse and you can’t come to an agreement, they’re free to walk away.

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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Short sale Sales Purchase and sale agreement Banks 113