Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Homeowners typically repay the funds provided by selling their property, with the HEI provider recouping their initial investment plus a portion of the sales price.

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

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. homeowners saw home equity increase 1.7%

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. This platform enables over 400 financial institutions to browse and purchase loans in single loan transactions or by selecting individual loans to place into a small portfolio for purchase.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 468

Equity Purchase and sale agreement Loans Mortgages 468

Housing Wire

JULY 9, 2024

Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. EasyKnock agreed to permanently end its sale-leaseback solution in Massachusetts, and to pay $200,000 to the state as part of the terms of its settlement.

Purchase and sale agreement 448

Purchase and sale agreement Lending Equity Investor 448

Housing Wire

OCTOBER 6, 2021

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. The filing revealed that refi loans made up 85% of funded loan volume for Better.com in last six months, while purchase volume was close to 15%.

Purchase and sale agreement 435

Purchase and sale agreement Loans Equity Investor 435

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Home sellers with high equity aren’t as sensitive to higher rates because they bring a more significant down payment. month supply at the current sales pace, up from 2.2 The housing nightmare continues. million , down 3.4%

Purchase and sale agreement 540

Purchase and sale agreement Marketing Sales Mortgages 540

Housing Wire

NOVEMBER 2, 2023

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. In fact, they might have become more challenging in many cases.

Purchase and sale agreement 434

Purchase and sale agreement Marketing Equity Finance 434

Housing Wire

OCTOBER 6, 2021

agreed to form a title insurance underwriter joint venture with a $210 million investment from private equity investment firm Centerbridge Partners , a move sure to shake up the title space. The sale-and-JV formation will allow Realogy to gain liquidity from the sale of its title insurance business while still maintaining a position in title.

Title 390

Title Purchase and sale agreement Equity Brokerage 390

Housing Wire

AUGUST 6, 2024

We are presently negotiating the terms of a settlement agreement, and plaintiffs will likely submit it for court approval later in the third quarter. Its pull-through gain-on-sale margin was 3.22% in Q2 2024, compared to 2.74% in Q1 2024 and 2.85% in Q2 2023. Purchase loans comprised 72% of loanDepot’s total volume in Q2 2024.

Purchase and sale agreement 448

Purchase and sale agreement Principal Loan Officer Mortgages 448

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

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 billion of single-family residential loans at a discount, according to the outlet.

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

APRIL 25, 2022

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . Competition will be intense over the next 12 to 24 months, driving gain-on-sale margins down even further, Moody ’s analysts wrote in March.

Purchase and sale agreement 397

Purchase and sale agreement Loan Officer Loans Mortgages 397

Housing Wire

NOVEMBER 9, 2023

Based on the jury verdict in the Sitzer/Burnett lawsuit, Murray believes the DOJ will not be satisfied with the terms and the scale of changes outlined in RE/MAX’s and Anywhere’s settlement agreements and that it will get involved. loosing 5%-6% of the sale price is substantial equity stripping in their minds.”

Purchase and sale agreement 459

Purchase and sale agreement Title Agents Equity 459

The Close

JANUARY 16, 2025

A rent to own home is a type of real estate investment when a tenant purchases the property theyre renting after a specific time. In this kind of deal, part of what the tenant pays in rent goes towards building equity in the home, or the owner credits it toward the purchase price.

Purchase and sale agreement 98

Purchase and sale agreement Investor Finance Equity 98

Housing Wire

OCTOBER 25, 2023

The earnings included, among other things, a $67 million gain from the collapse of a securitization trust and a $96 million preliminary bargain purchase gain related to the Home Point Capital acquisition. The firm also had a $39 million loss associated with equity investments primarily related to the sale of its title business in 2021.

Purchase and sale agreement 435

Purchase and sale agreement Equity Principal Banks 435

Housing Wire

OCTOBER 16, 2020

million Class A shares (plus an option for the underwriters, Wells Fargo, BofA Securities and JPMorgan Chase, to purchase 1.275 million additional shares). By the looks of it, unnamed investors will be the beneficiaries of the IPO, likely the private equity backers at McCarthy. billion in mortgage loans held for sale.

Mortgages 370

Mortgages Purchase and sale agreement FHA loan Loans 370

Housing Wire

AUGUST 24, 2023

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 agreement reduced SoftBank’s maximum commitment to $550 million. That puts heavy pressure on its business.

Purchase and sale agreement 370

Purchase and sale agreement Title Mortgages Equity 370

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

Inspection 435

Inspection Inspection contingency Purchase and sale agreement Residential 435

Housing Wire

AUGUST 28, 2023

billion in production volume in the first half of 2023, refis accounted for $131 million and purchase loans consisted of $1.6 The lender’s gain-on-sale margin increased to 2.34% for the six months ended June 30, 2023, from 0.99% for the six months ended June 30, 2022. Better’s funded loan volume of $1.7

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

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.

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Investor 105

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 Residential 305

HomeLight

AUGUST 23, 2024

If you’re hoping to purchase a home in the near future, you should be aware of a major change to the home-buying process that has altered how homes are purchased and shopped across the country. You can then make a strong offer on your next home with no home sale contingency. What is a broker-buyer agreement in real estate?

Purchase and sale agreement 110

Purchase and sale agreement Home sale contingency Agents Equity 110

The Close

NOVEMBER 7, 2024

Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance. Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Stay updated on local and national real estate trends and regulations.

Hard money loan 98

Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale 98

Short sale Closing costs Closing Sales 98

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?

Short sale 105

Short sale As-is Purchase and sale agreement Sales 105

Toronto Realty Blog

NOVEMBER 13, 2023

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall. And what does Bob the Buyer do?

Purchase and sale agreement 112

Purchase and sale agreement Residential Closing Pre-approval 112

HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. These clauses are most often used when a buyer needs to sell their current home before purchasing a new one. A contingency is a condition that must be met for the purchase to proceed.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 111

HomeLight

OCTOBER 31, 2024

Sell Your Inherited Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. Each category includes specific documents to verify your authority and ensure a smooth sale process.

Purchase and sale agreement 64

Purchase and sale agreement Title Title search Loans 64

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. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 105

Sales Purchase and sale agreement Inspection Due diligence 105

HomeLight

MARCH 24, 2025

Sell Your Inherited West Virginia Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. Be certain you understand the homes financial obligations before you proceed with the sale. Request Offer 1.

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Purchase and sale agreement Title search Title Equity 52

HomeLight

JULY 12, 2024

Unlock Your Equity and Buy Before You Sell Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Get Started What does ‘in escrow’ mean in real estate?

Purchase and sale agreement 111

Purchase and sale agreement Earnest money deposit Home sale contingency Title search 111

HomeLight

MAY 23, 2024

If you lack upfront deposit money, have poor credit, or are just nervous about a home-purchase commitment, a condo rent-to-own program can help you get a foot in the door to homeownership. This ease-in process can also help you build equity while renting, improve your financial standing, and give you time to decide if condo life suits you.

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Purchase and sale agreement Finance Equity Agents 119

HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. If significant defects are found, the buyer can renegotiate or withdraw from the sale without penalty.

Purchase and sale agreement 115

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 115

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property. It involves buying a property, renovating it, renting it out, refinancing it to pull out equity, and repeating the process with the profits.

Hard money loan 52

Hard money loan Purchase and sale agreement Due diligence Renovation 52