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Selling your home to a family member in 5 easy steps

Housing Wire

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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‘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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Rising interest rates trigger an exuberant MSR market 

Housing Wire

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

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Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

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.

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Ocwen to buy $48B MSR package from AmeriHome

Housing Wire

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.

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

Housing Wire

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.”. We firmly believe that reopening the 2020 General QM Rule would not be in the public interest.”

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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. The fair market value of MSRs it controls increased by about $1.3 billion to $6.7