Housing Wire

APRIL 17, 2023

As the COVID-19 national emergency draws to a close, the forbearance rate has decreased month over month, according to a report from the Mortgage Bankers Association (MBA) on Monday. of total loans were in the initial plan stage last month and 52.9% The survey showed that 33.8% were in a forbearance extension. The remaining 13.3%

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Housing Wire

APRIL 18, 2023

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

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Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

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Housing Wire

JANUARY 22, 2025

The announcement comes shortly after Rocket unveiled the first stage of its rebrand and is a part of the company’s conscious effort to unify Rockets many companies under a single umbrella. Since its launch, the company claims that its AI tool has tripled its conversion rate from website visits to loan closings.

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Housing Wire

AUGUST 1, 2021

More than ever, borrowers want and expect to close their loans digitally, from the initial loan application through the final review and approval of their loan package. But while eClosings are convenient, it can be challenging to offer the same level of customer service online as with in-person closings.

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Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. E-mortgage volume spikes. History of ‘e’. Treasury recommends standardization.

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Housing Wire

DECEMBER 9, 2024

Setting the Stage for 2025 Heres the good news, 2025 is set to stabilize. Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. Many sellers are offering to cover 2-3% of closing costs. The key takeaway? and 6%, with potential dips below 6% by mid-year.

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Mortgages FHA loan Closing costs Staging 370

Housing Wire

JULY 31, 2022

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. TCX provides a perfect mix of technology and service, providing its clients with the choice of how to close a loan at every stage of its digital evolution. Alan Frelix, CEO.

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Housing Wire

JANUARY 21, 2025

It also helps include them in solution-building, setting the stage for a negotiation that everyone leaves satisfied with. This shows you care and sets the stage for the other party to do the same. All these extra negotiation efforts will not only help you close more deals, theyll also help you earn more money using the next technique.

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Housing Wire

JANUARY 20, 2025

Both the weekly new contracts and all the homes in the contract pending stage are below last year. Overall, the number of homes in the contract pending stage is just over 257,000, thats almost 2% fewer than a year ago. Again, the real-time measure is of the contracts pending the stage before the sale closes.

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HomeLight

DECEMBER 4, 2024

If you’re looking to receive top dollar from your home, have a speedier sale with less time on the market , and appeal to more buyers online and at showings, you should strongly consider staging your home. Here’s what you need to know about staging a bedroom. The kitchen (81%) and dining room (69%) are also common rooms to stage.

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Housing Wire

NOVEMBER 20, 2024

Some sellers (65%) touted that their cash buyer experience led to them closing within a month and 31% sold without listing their home. Cash buyer companies appeal to sellers with property issues, the report pointed out, as 54% avoid expenses like repairs or staging.

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HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

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Housing Wire

JANUARY 13, 2025

Mortgage rates pushed this week close to 7.25%. There are just 252,000 single-family total homes in the contract pending stage. Those 252,000 home sales will close mostly in January and February. This is the trend that will be the theme for 2025. So there were 12% more new listings and 3% fewer sales started. That means 4.2

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Housing Wire

JUNE 10, 2021

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Staging Costs. According to HomeAdvisor , the average seller pays almost $1,500 in staging costs. A concession is when the seller agrees to pay part of a buyer’s closing costs. Bottom Line.

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Housing Wire

DECEMBER 27, 2024

Fleet Homes Real Estate Team – Keller Williams Real estate teams are comprised of real estate agents and other professionals working together towards one common goal to close deals. Depending on the team’s structure, agents can work closely together or independently. Teams are led by a team leader.

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Housing Wire

JANUARY 14, 2025

Its title producer and appraisal management arm, Amrock , will now be known as Rocket Close. Rocket Companies , the parent of Rocket Mortgage , on Tuesday unveiled a refresh to its brand identity in an effort to unify Rocket’s many companies under a single umbrella. As part of this effort, Rocket is rebranding some of its businesses.

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Housing Wire

NOVEMBER 27, 2024

During the Great Recession, I had the opportunity and duty to work with thousands of families that had aspired to homeownership, but found themselves in varying stages of the default process. Saving for the down payment and closing costs takes time, sacrifice and determination.

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Housing Wire

JANUARY 27, 2025

To do so, develop strategies and programs that cater to buyers and sellers at every stage. Consider platforms that centralize operations from lead generation to closing. For buyers, focus on delivering second-to-none service and support. Its a win-win for real estate professionals and clients alike.

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Housing Wire

NOVEMBER 21, 2024

Given that approach, it always made sense that, eventually, when I reached that stage, I would apply the same strategy to myself. In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. So, yes, realistically, I’ve always known this would be part of my plan.”

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Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Broker-in-charge or Principal broker : These roles most closely align with designated brokers.

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

SEPTEMBER 9, 2024

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

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Housing Wire

DECEMBER 21, 2023

Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Meanwhile, early-stage delinquencies (30 and 60 days past due) continued to increase. Moreover, early-stage delinquencies among VA loans hit their highest non-pandemic levels since 2009.

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Housing Wire

JANUARY 27, 2025

That deal closes in March, and by April, you should be hearing the headlines that reflect the weakness we can see in the active market data. There are 266,000 single-family homes in the contract pending stage, which is 3.5% By the end of February, well have the most price reductions of any February in many years. fewer than last year.

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Housing Wire

OCTOBER 23, 2023

This data becomes important at various stages of a transaction, and when it’s time to produce it, the process is radically easier if it is clean and organized. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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Housing Wire

MAY 22, 2024

These include requiring “clear, meaningful” notice at each stage of the tax foreclosure process; ensuring both owners and inheritors of ownership receive notice of foreclosure stages; creating alternatives to tax-initiated sales; and making redemption costs both “affordable and accessible.”

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Housing Wire

AUGUST 15, 2024

The MBA reported that mortgages in all stages of delinquency rose by 3 basis points (bps) on a quarterly basis but were 60 bps higher compared to Q2 2023. However, soaring home prices seem to continue and have spiked the value of homes across the nation, which boosts equity for homeowners at virtually every stage of paying off mortgages.

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Mortgages VA loan FHA loan Staging 473

Housing Wire

JUNE 11, 2024

Cases in the early stages may be transferred to other lenders with an FHA approval. In November 2023, the company closed its reverse mortgage origination division after lower origination volumes combined with lower pull-through rates to make its cost to close reverse mortgages too high.

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Housing Wire

MARCH 22, 2021

The Insurance Commissioner for the state of Washington apparently concluded that Modus offered real estate agents and their clients a “thing of value,” such as free home warranties, other closing-related services, in exchange for switching their escrow and title services to Modus.

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Housing Wire

OCTOBER 1, 2024

Pre-CTC review processes : In a proactive shift, some lenders are moving their QC efforts earlier in the loan process, conducting pre-clear-to-close (CTC) reviews. By identifying potential discrepancies and compliance issues upfront, lenders can prevent more significant problems from surfacing post-closing.

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Housing Wire

AUGUST 26, 2024

Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. The company is “deeply focused on building the tools and technology that solve the hardest problems that lenders face today in closing transactions,” Uher noted in a statement. according to HomeLight.

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Housing Wire

JULY 26, 2021

New entrants continue to join the market with better technology and digital processes to simplify the loan process and provide fast closing experiences to meet consumer needs. As the refi-crunch subsides and homebuyers are increasingly competing against faster all-cash offers, speed once again is center stage.

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Housing Wire

NOVEMBER 14, 2023

The increase was driven entirely by a rise in earliest-stage delinquencies – those 30-days and 60-days past due. Later-stage delinquencies – those 90 days or more past due – declined to the lowest level since the first quarter of 2020,” Marina Walsh, MBA’s vice president of industry analysis, said in a news release.

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Mortgages Marketing Staging Loans 434

Housing Wire

NOVEMBER 27, 2023

Veev , a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting out of Israel. There are talks about a “leading company” potentially acquiring California -based Veev, but the negotiations remain in the very early stages, according to Calcalist.

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Housing Wire

JUNE 5, 2024

At this stage, joining Compass, a company at the forefront of technology and agent support, makes sense for my business,” Bennett said in a statement. Bennett formerly worked with Redfin , where he was recognized by RealTrends among the top-producing agents in the state of Washington in 2023. Bennett ranked No. 17 with $47.7

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Agents Brokerage Staging Technology 445

Housing Wire

FEBRUARY 8, 2025

In this week’s episode of the Power House podcast, host Diego Sanchez sits down with a close observer from within the National Association of Realtors (NAR). The other part is getting Nykia out on the stage, which I’m looking forward to being on your stage soon. We both agreed that listening was job number one.

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Housing Wire

JUNE 25, 2024

There are three stages that agents and their clients need to be aware of. Stage 1: Preparing for the home appraisal First, if you represent buyers making an offer on a home, it’s vital to include an appraisal contingency in the offer. This stage is critical. How does the home appraisal process work?

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