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Mortgage demand picks up as seller concessions rise

Housing Wire

Concessions, mortgage rate buydowns save deals. According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns. of home sellers gave concessions to homebuyers in the fourth quarter of 2022 through money for repairs and mortgage-rate buydowns.

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

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. Consequently, mortgage industry executives believe buyers will pay agents out of pocket or ask sellers to pay their agent fees through concessions.

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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

The importance preparing yourself with non-QM options The mortgage industry is fickle. Luck and success favor the prepared and that fact remains in the mortgage industry. Beyond that, Deephaven allows up to 3% seller concessions at closing. Supply chain issues and other factors can raise national interest rates.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception. In fact, a veritable upheaval is headed for the housing market already.

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Tech hub housing markets cool as industry turmoil dampens demand

Housing Wire

Phoenix is also among the markets with the biggest upticks in seller concessions — another indicator of dampening demand. Phoenix was another magnet for remote tech workers during the pandemic — and the housing market in this city has experienced a similar fate.

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Consumer watchdog releases criteria for evaluating buyer agency agreements

Housing Wire

These criteria will assist regulators, consumer groups, and the industry itself to assess the fairness of new buyer agreements,” Brobeck said in a statement. The CFA said the proposed criteria was created after the group received requests from several unnamed real estate companies.

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Bay East MLS removes field showing seller’s willingness to consider concessions

Housing Wire

We appreciate your understanding as we navigate the current challenges in our industry.” ” In late July, the California Regional MLS (CRMLS) announced that it would be removing the seller concessions-in-price data field from its platform. . “As an MLS, it is our duty to protect you and your data.

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