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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Nearly half of home sellers are offering concessions

Housing Wire

of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. a year ago and close to the record figure of 45.1% McVay said concessions have become a strategic way for sellers to meet buyers financial needs without lowering their sale price.

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

The last thing a buyer wants is to find out after the deal closes that the founder of the business registered a name or trademark in their own name and never properly assign it to the company. Material contracts There may be numerous contracts containing provisions that may trigger liability or exposure upon the sale of a business.

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Ruoff Mortgage teams with Calque on ‘buy before you sell’ offering

Housing Wire

Buyers are not required to prepare their current home for sale until after they move into the new property. It is quite common that our customers are faced with challenges around selling their current home before they can purchase a new home,” Ruoff Mortgage CEO Clint Morgan said in a statement. “We

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Here’s what buyers and sellers want from their real estate agent

Housing Wire

And for all talk about getting a good deal on a purchase or sale, people still just want to find the right home and have a smooth process. 1 need, while only 14% said they wanted help in negotiating the terms of the sale. The survey also shed light on the different methods by which agents are marketing homes for sale.

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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.

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Blue Ridge Bankshares is selling its mortgage banking division

Housing Wire

on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Monarch Mortgage provides mortgage banking services, including the origination and processing of residential mortgages primarily for sale on the secondary market.

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