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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent?

Agents 448
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Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

(Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. Wright and Murray also said that the headwinds facing the industry are creating a buyer’s market for acquisitive firms. My advice is to start simple. Murray said.

Brokerage 467
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An agent’s guide to hiring a real estate photographer

Housing Wire

The more buyers through the door, the more offers youll receive quickly and the higher the sale price will be. 3D tours, virtual staging, drone photos or video, etc. Do you offer packages or discounts for purchasing multiple services? This is assuming, of course, that the listing is priced appropriately. Win more listings.

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It’s official: QM rule compliance delayed until October 2022

Housing Wire

Today’s action means that lenders have more time to offer QM loans based on the homeowners’ DTI, and more time to use the GSE Patch, which provides QM status to loans that are eligible for sale to Fannie Mae or Freddie Mac. “This act poses serious risk to mortgage finance and brings potential downstream legal risk to the industry.

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Rocket’s earnings plummet, but its liquidity remains solid

Housing Wire

During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. billion — down from net income of $1 billion on total revenue of $2.7 billion to $6.7

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GSEs won’t buy QM loans under GSE Patch after July 1

Housing Wire

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

Loans 353