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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

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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Underwriter shortage slowing the pace of private-label deals

Housing Wire

They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. There’s absolutely been cases where you’re hoping to close by a certain date, and it gets pushed out 30 days because of due diligence [needs]. …It

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Offers: Outline how making a competitive offer will work, including how price, contingencies, due diligence funds, and earnest money will impact how the seller views an offer. Set the stage: Educate your clients on the market This is your time to shine! Negotiations: Prepare your clients for the possibility of counteroffers.

Closing 228
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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The Urban Institute report, published in November 2023, shows that the average number of months from origination to repurchase between 2005 to 2008 (prior to and during the early stages of the global financial crisis ) was 46 months for Freddie Mac and 52 months for Fannie Mae.

Loans 448
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Regulation hasn’t caught up to generative AI

Housing Wire

Generative AI is still at an infancy stage and It’s important for lenders to experiment with what works and what doesn’t work for using generative AI, Stucky added. Vendors might not be as experienced with utilizing AI, so asking due diligence questions for for data security is also key, Joseph Zeibert, vice president of FICO , pointed out.

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Judge grants motion to dismiss NEXA Mortgage lawsuit against former president

Housing Wire

Apart from that, is it truly Mr. Kortas’s view that due diligence on a $25 million real estate transaction would not have involved someone asking about Nexa’s basic authority to make such a transaction?”

Mortgages 435
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Mr. Cooper CEO Jay Bray on the challenges and opportunities in acquiring Home Point Capital

Housing Wire

Once we got to the stage where we were able to execute on a transaction, really, all that was left was predominantly the servicing asset,” Bray said. There were no real surprises to be found in the transaction process that were not previously identified by prior due diligence conducted by Mr. Cooper, Bray added.