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. We are honored to have him lead our expanding mortgage financing efforts,” David Shapiro, EquiFi’s CEO and founder, said in a statement.

Equity 394

Equity Purchase and sale agreement Mortgages Finance 394

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 trillion agency MBS portfolio? The Feds existing $2.7

Marketing 435

Marketing Purchase and sale agreement Investor Banks 435

Housing Wire

MARCH 12, 2024

In an announcement on Tuesday, the brokerage noted that it had expanded the program to more than a dozen additional markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. of the purchase price of the house. of the purchase price of the house. The buyer will receive the refund at closing.

Purchase and sale agreement 465

Purchase and sale agreement Brokerage Agents Closing 465

Housing Wire

NOVEMBER 5, 2024

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.

Purchase and sale agreement 435

Purchase and sale agreement Agents MLS Sales 435

Housing Wire

MAY 21, 2024

This increased demand is resulting in tighter credit spreads for private label, non-QM RMBS securitizations; increased prices for a broad range of mortgage loans including seconds, home equity agreements, bridge loans, and alternative documentation loans; and strategic transactions between investors and originators.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Cooperative compensation offers can also be — and should be, if the client wishes — included in purchase agreements.

Purchase and sale agreement 468

Purchase and sale agreement Agents Seller concession MLS 468

Housing Wire

AUGUST 19, 2024

They do not mention commissions at all in their marketing and on their websites. The regulations also, at the industry’s initiative, effectively require buyers working with buyer brokers to sign agreements before touring homes. Financed commissions would truly uncouple rates, making it possible for buyers to negotiate them.

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

NOVEMBER 1, 2021

You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. Stevens, President at SRE.

Lending 448

Lending Purchase and sale agreement Agents Loan Officer 448

Housing Wire

APRIL 22, 2024

Wright and Murray also said that the headwinds facing the industry are creating a buyer’s market for acquisitive firms. Anytime there is a downturn in housing sales or a shock to the industry like with the litigation settlement, although we have not faced anything like this in my 47 year career, there is uncertainty,” Murray said.

Brokerage 464

Brokerage Purchase and sale agreement Title Industrial 464

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

FEBRUARY 13, 2024

While the full version of Zillow’s Super App experience is currently only available in certain test markets, firm executives said that the company plans to expand its “enhanced” experience to a total of 40 markets nationwide by the end of 2024. The law went into effect at the start of 2024.

Purchase and sale agreement 433

Purchase and sale agreement Agents Finance Loans 433

Housing Wire

JULY 17, 2024

Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase. Dramatic change is what it means.

Purchase and sale agreement 493

Purchase and sale agreement Real-estate owned Agents Brokerage 493

Housing Wire

DECEMBER 1, 2021

Company officials say the moves will allow refi-heavy Better to increase its strength in a mortgage market that is increasingly becoming purchase-focused. The company plans to automate some of its refi processes and is now focused on purchase operations, one company official, who requested anonymity, said.

Purchase and sale agreement 418

Purchase and sale agreement Loan Officer Finance Loans 418

Housing Wire

JULY 6, 2022

PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. Subsidiaries of Pennymac Financial Services Inc. Both note offerings receive a BBB rating from KBRA.

Purchase and sale agreement 397

Purchase and sale agreement Mortgages Finance Loans 397

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.”

VA loan 482

VA loan Agents Seller concession FHA loan 482

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. The loan offering is being marketed with assistance from Citigroup Global Markets Inc.

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. The lender also hired former employees from about 35 to 40 retail branches of Finance of America Companies Inc.

Lending 418

Lending Purchase and sale agreement Loan Officer Loans 418

Housing Wire

MAY 26, 2021

Technology for navigating secondary market challenges. In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Presented by: MCT. Presented by: MCT.

Purchase and sale agreement 418

Purchase and sale agreement Banks Lending Loans 418

HomeLight

JULY 23, 2024

As a seller, you’ll first encounter a purchase agreement when you receive an offer from a buyer. The purchase agreement outlines the buyer’s offer price, along with contingencies , financing terms, closing costs , possession date, and more. Curious What Your Home Is Worth?

Purchase and sale agreement 115

Purchase and sale agreement Sales Closing costs Finance 115

HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? What is a home purchase agreement?

Purchase and sale agreement 116

Purchase and sale agreement Earnest money deposit Option period Due diligence 116

Housing Wire

APRIL 27, 2021

As the mortgage market navigates an uncertain and challenging time, extending the date by which lenders must comply with the CFPB’s new General QM definition will help provide options and flexibility for both lenders and borrowers.”.

Purchase and sale agreement 370

Purchase and sale agreement Loans Finance Lending 370

Housing Wire

MARCH 21, 2024

(FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. ” Hawley’s move follows a December report showing that FICO would start charging one price to all mortgage lenders that access credit reports, regardless of their sales volumes. ”

Mortgages 476

Mortgages Purchase and sale agreement Closing costs Investor 476

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. This approach ensures Veterans remain competitive in the homebuying market without being disadvantaged by the settlement.

VA loan 448

VA loan Purchase and sale agreement Loans Agents 448

Housing Wire

AUGUST 13, 2024

There are more than enough homes sales in your market for every one of you to hit your goals if you do the right things. If you don’t do your contact and your lead gen throughout time, whether it is good or bad, when the market changes you are always behind,” Keller said. This is what we as professionals get paid to do.”

Agents 345

Agents Purchase and sale agreement Marketing Banks 345

Housing Wire

APRIL 29, 2022

Connecticut-based mortgage servicer and lender Planet Home Lending has entered into an agreement to acquire assets from Homepoint ‘s delegated correspondent channel for $2.5 However, the gain-on-sale margins in the correspondent channel were just 31 basis points last year, compared to 234 bps in the wholesale channel.

Lending 397

Lending Purchase and sale agreement Residential Finance 397

Housing Wire

MARCH 24, 2021

The Mortgage Bankers Association on Tuesday sent a letter to Treasury Secretary Janet Yellen and Federal Housing Finance Agency Director Mark Calabria expressing concern over several amendments to the Senior Preferred Stock Purchase Agreements announced in January , including changes to investment properties.

Debt-to-income ratio 418

Debt-to-income ratio Purchase and sale agreement Loans Principal 418

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. That concern is overblown, according to several market experts.

Purchase and sale agreement 418

Purchase and sale agreement Banks Mortgages Residential 418

Housing Wire

AUGUST 28, 2023

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 billion in production volume in the first half of 2023, refis accounted for $131 million and purchase loans consisted of $1.6 Better’s total market share of 0.2% Better’s funded loan volume of $1.7

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

Housing Wire

DECEMBER 27, 2024

It can vary widely depending on the size of the team, its overall goals and the type of market it serves. The Multi-Level Marketing (MLM) Team Team members focus on recruiting agents to build the team while receiving residual income for agents in their downline. They handle property searches, showings, and contract negotiations.

Purchase and sale agreement 418

Purchase and sale agreement Branding Agents Closing 418

Housing Wire

APRIL 11, 2023

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. This is especially important in today’s fast-paced real estate market, where time is of the essence.

Title search 397

Title search Title Purchase and sale agreement Preliminary report 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 456

Purchase and sale agreement Title Agents Equity 456

Housing Wire

OCTOBER 3, 2023

Potential outcomes of the commission lawsuits The specific details of the lawsuits , the tying agreements, the anti-competitiveness of clear cooperation and the arguments surrounding potential steering and inflated compensation have been written about extensively. outcomes of these cases. Most importantly, how to prepare for them.

Purchase and sale agreement 435

Purchase and sale agreement Brokerage Agents MLS 435

Housing Wire

APRIL 4, 2023

In mid-2022, the ICE-Black Knight deal prompted concerns that it would raise costs for consumers and give ICE too much pricing power in the mortgage data market, which lenders rely on. Prior to the FTC’s suit, Black Knight announced the sale of its Empower business to a subsidiary of Canada’s Constellation Software Inc.

Purchase and sale agreement 397

Purchase and sale agreement Loans Technology Mortgages 397

Housing Wire

AUGUST 24, 2023

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. 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 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. A copy of the buy and sale agreement indicates that the transaction is ready to close once the funds are received.

Purchase and sale agreement 397

Purchase and sale agreement Investor Hard money loan Lending 397

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. billion in profit in 2020 and $6.1 billion in 2021.

Loan Officer 370

Loan Officer Purchase and sale agreement Loans Mortgages 370