Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Purchase and sale agreement Closing Industrial Mortgages 416

Housing Wire

FEBRUARY 20, 2025

Some real estate brokers have found their path blocked as they try to navigate the membership agreements mandated by NAR and their local Realtor associations to gain access to MLS listings. NARs three-way membership agreement requires Realtors to join associations at the local, state and national levels.

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MLS Purchase and sale agreement Agents As-is 289

Housing Wire

FEBRUARY 1, 2025

Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. HomeLight notes that this is becoming more common for existing-home sales. By comparison, first-time buyers comprised 40% of the market before 2008.

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Purchase and sale agreement Mortgages Agents Brokerage 482

Housing Wire

MARCH 10, 2025

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 Under the agreement, each Redfin share will convert to 0.7926 Rocket Class A shares, a 63% premium over Redfins 30-day Volume-Weighted Average Price (VWAp) as of March 7, 2025.

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Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

MARCH 20, 2025

on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Monarch Mortgage provides mortgage banking services, including the origination and processing of residential mortgages primarily for sale on the secondary market.

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Banks Purchase and sale agreement Mortgages Residential 325

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. “Dana brings the ideal combination of local market expertise and strong industry relationships — exactly what we need as we shape a new path for the future of our industry,” Joseph Burks, REcolorado’s new owner, said in a statement. .

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Purchase and sale agreement Sales MLS Industrial 435

Housing Wire

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. It also alleges that NAR relied upon the co-defendants to build its membership ranks through this licensing agreement. who purchased leads, including the so-called fake leads, from the defendants between Aug. The suit claims that NAR, along with Move Inc., and REA Group Ltd.

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Purchase and sale agreement Sales Agents Design 514

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

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Purchase and sale agreement Sales Closing costs Closing 448

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. year over year. Origination volume was $6.7

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Purchase and sale agreement Equity Loan Officer Principal 397

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.

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Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

FEBRUARY 11, 2025

This agreement is really a great win-win, Zillow CEO Jeremy Wacksman said on the earnings call. Despite a stagnant housing market, Zillow reported that its revenue was up by double-digit percentages across the board in both the fourth quarter and the entire 2024 calendar year.

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Purchase and sale agreement Loan Officer Loans Finance 348

Housing Wire

MARCH 7, 2022

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 The creation of the NFT real estate market thrusts a spotlight onto a Silicon Valley company specifically throwing itself into real estate, blockchain and NFTs. It’s a great marketing tool for the right type of listing.

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Sales Purchase and sale agreement Title Inspection 501

Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The post Fannie Mae finalizes first nonperforming loan sale of the year appeared first on HousingWire. BofA Securities Inc.

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Loans Purchase and sale agreement Sales Principal 397

Housing Wire

MARCH 29, 2023

title insurance company had “no-poach” agreements with rivals. In this model, both channels are competitors in the labor market. My office will continue standing up for workers’ rights by stopping no-poach agreements and holding companies accountable for their bad actions.” Fidelity National Financial has agreed to pay a $3.5

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Purchase and sale agreement Title Closing Industrial 393

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 I have stressed that housing doesn’t move like the stock market. This would be a more traditional level for the housing market; we are making some progress here but not where we want to be yet. The housing nightmare continues.

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Purchase and sale agreement Marketing Sales Mortgages 540

Housing Wire

AUGUST 10, 2022

Rising interest rates have crimped loan production for virtually all mortgage lenders as more and more borrowers are forced to forestall home purchases or have no incentive to refinance. million increase in the fair market value of its MSR portfolio. million decline in the fair market value of its MSRs. million, including $216.2

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Sales Purchase and sale agreement Loans Mortgages 418

Housing Wire

MAY 28, 2023

Purchase application data had a second straight week of declines. Purchase application data had its second straight week of negative data as the constant theme of higher rates impacted the weekly data. It will be critical to see how the bond market and mortgage spreads act this week.

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Mortgages Purchase and sale agreement Marketing Banks 521

Housing Wire

JUNE 14, 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

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Loans Purchase and sale agreement Sales Principal 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.

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Purchase and sale agreement Branding Agents Closing 418

Housing Wire

MAY 12, 2022

billion in proceeds from those MSR sales — with UWM accounting for $871.8 That rising value, in turn, can make sales of MSRs a lucrative option for supplementing otherwise dour revenue streams. Additionally, on March 31, 2022, [UWM] entered into an agreement to sell MSRs with an aggregate UPB of approximately $16.1

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Sales Purchase and sale agreement Principal Loans 397

Housing Wire

MAY 20, 2024

The settlement will require buyers to sign written buyer agreements that clearly disclose how much and by whom their broker are compensated. The negotiation would continue until the parties agreed to the terms of the sale. The final sales contract would be a document that supported the distribution of the funds at the closing.

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Purchase and sale agreement Agents Seller concession Closing costs 466

Housing Wire

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

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Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

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Purchase and sale agreement Agents Closing Brokerage 493

Housing Wire

JULY 10, 2024

In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry. Like many, I read with some interest the controversy surrounding the announced sale of REColorado, a Denver market area MLS , by its two shareholders to a private group.

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Purchase and sale agreement Due diligence MLS Brokerage 435

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. homeowners.

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Purchase and sale agreement Marketing Equity Finance 434

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.

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Purchase and sale agreement Brokerage Agents Closing 473

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. It sets up a domino effect [for market activity].”

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Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Also top of the list, agents are marketers. How do real estate agents get paid?

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Agents Brokerage Purchase and sale agreement Commercial 448

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.

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Purchase and sale agreement Lending Equity Investor 448

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% home sale price rose 3% year over year to $420,846 in August, the largest annual increase since October 2022.

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Purchase and sale agreement Mortgages Closing costs Sales 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 average lender is closer to a two-thirds refi-purchase mix. The digital journey starts at acquisition.

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Purchase and sale agreement Loans Equity Investor 435

Housing Wire

MARCH 17, 2025

Through this setup, Newhart and the other Defendants attempted to mask the kickbacks they paid to Real Estate Professionals as sales of stock and profit distributions to shareholders, the complaint states. The Class II Units were owned by entities controlled and largely beneficially owned by Newhart and Trinidad.

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Brokerage Mortgages Purchase and sale agreement Loans 281

Housing Wire

NOVEMBER 19, 2020

“ Because the practices have been widely adopted by NAR-affiliated MLS networks , they are “therefore, agreements among competing real estate brokers each of which reduce price competition among brokers and lead to lower quality service for American home buyers and sellers,” the complaint alleged.

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Purchase and sale agreement MLS As-is Sales 545

Housing Wire

AUGUST 31, 2023

and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers. In addition, Davis claims that franchisees were required to purchase Keller’s books.

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Purchase and sale agreement Brokerage Technology Marketing 435

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

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Purchase and sale agreement Marketing Equity Banks 370

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

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Marketing Purchase and sale agreement Investor Banks 435

Housing Wire

AUGUST 19, 2024

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. The landmark date of Aug.

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Purchase and sale agreement Agents MLS Seller concession 476