Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% of purchase agreements.

Inspection 459

Inspection Mortgages Agents Marketing 459

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. Meadow has 25 years of mortgage industry experience.

Debt-to-income ratio 435

Debt-to-income ratio Purchase and sale agreement Sales Loans 435

Housing Wire

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. The plaintiffs allege that the other data involved in the “unlawful bundling” is generated by anyone who interacts online with keywords such as “home, property, real estate, house, mortgage, and rent.” The suit claims that NAR, along with Move Inc., and REA Group Ltd.

Purchase and sale agreement 514

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.

Purchase and sale agreement 448

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. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 397

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.

Purchase and sale agreement 435

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. Its mortgage origination business is one of the companys links in the end-to-end transaction, and its revenue in this category continues to rebound after it peaked during the post-COVID housing boom.

Purchase and sale agreement 349

Purchase and sale agreement Loan Officer Loans Finance 349

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 two nonperforming loans pools sold to MCLP consisted of a total of 3,320 mortgages valued at $489.6

Loans 397

Loans Purchase and sale agreement Sales Principal 397

Housing Wire

AUGUST 10, 2022

When the sky is falling in the mortgage industry, generally there is something else that is rising. the parent of United Wholesale Mortgage (UWM), what is rising in their favor is the value of mortgage servicing rights (MSRs). UWM, the nation’s largest wholesale mortgage lender, recorded net income of $215.4

Sales 418

Sales Purchase and sale agreement Loans Mortgages 418

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

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 million, with an average loan size of $153,097 and an average mortgage note rate of 4.62%. Terms of the sale were not disclosed. The top bidder is MCLP Asset Co.

Loans 370

Loans Purchase and sale agreement Sales Principal 370

Housing Wire

MARCH 29, 2023

title insurance company had “no-poach” agreements with rivals. My office will continue standing up for workers’ rights by stopping no-poach agreements and holding companies accountable for their bad actions.” The agreement comes as Fidelity’s volumes are declining due to fewer real estate sales.

Purchase and sale agreement 393

Purchase and sale agreement Title Closing Industrial 393

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. She’s just been incredible.”

Purchase and sale agreement 448

Purchase and sale agreement Equity Loan Officer Mortgages 448

Housing Wire

MAY 12, 2022

An ebullient m ark et for mortgage-servicing rights (MSRs) helped to buoy the profitability of at least three major nonbank lenders that are publicly traded and abated losses for a fourth, based on their recently announced first-quarter financial results. the parent of United Wholesale Mortgage ; Rocket Companies Inc.,

Sales 397

Sales Purchase and sale agreement Principal Loans 397

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% The average interest rate on a 30-year-fixed mortgage was 7.07% in August. The median U.S.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Closing costs Sales 448

Housing Wire

APRIL 27, 2022

parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Mortgage revenue decreased $36 million in the same period, to $74 million from January to March. Michigan-based Flagstar Bancorp , Inc.

Purchase and sale agreement 418

Purchase and sale agreement Mortgages Banks Branding 418

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. In Florida, Tom Baker — the district sales manager of The Keyes Co.’

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

Housing Wire

SEPTEMBER 20, 2024

But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days? Long-term mortgage rates will fall if economic data indicates a weakening economy. Mortgage rates are data-dependent.

Mortgages 448

Mortgages Purchase and sale agreement Industrial Loans 448

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. Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of experience in the financial services and mortgage arenas.

Equity 396

Equity Purchase and sale agreement Mortgages Finance 396

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. These strong fund flows are resulting in tighter credit spreads, higher prices, and an increased focus on sourcing new originations.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Purchase and sale agreement 540

Purchase and sale agreement Marketing Sales Mortgages 540

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Does your buyer need to secure a mortgage ?

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

MARCH 21, 2024

(FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. Julie May, vice president and general manager of B2B Scores at FICO, said that in the mortgage space, the company charges “$3.50 ” Representatives at the DOJ did not reply to requests for comment.

Mortgages 476

Mortgages Purchase and sale agreement Closing costs Finance 476

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.

Purchase and sale agreement 493

Purchase and sale agreement Agents Closing Brokerage 493

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.

Purchase and sale agreement 448

Purchase and sale agreement Equity Lending Investor 448

Housing Wire

JULY 28, 2023

JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California ‘s purchase of PacWest Bancorp , Bloomberg reported. The bank entered into an agreement to buy $1.8 JPMorgan acquired First Republic Bank ‘s mortgage loans – almost entirely jumbos – when it bought the troubled bank in May.

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” What does it mean for buyers, sellers?

Industrial 418

Industrial Mortgages Purchase and sale agreement Banks 418

Housing Wire

OCTOBER 6, 2021

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. And it wasn’t great.

Purchase and sale agreement 435

Purchase and sale agreement Loans Equity Investor 435

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. But Redfin is first eliminating 121 mortgage roles, less than 2% of the total staff, mainly in sales support, capital markets, and operations.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

AUGUST 6, 2024

California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage servicing rights (MSRs).

Purchase and sale agreement 448

Purchase and sale agreement Principal Loan Officer Mortgages 448

Housing Wire

OCTOBER 16, 2020

Add lender-servicer Guild Mortgage to the ranks of the nonbank mortgage lenders going public. million Class A shares (plus an option for the underwriters, Wells Fargo, BofA Securities and JPMorgan Chase, to purchase 1.275 million additional shares). billion in mortgage loans held for sale. million in cash and $1.98

Mortgages 370

Mortgages Purchase and sale agreement FHA loan Loans 370

Housing Wire

JUNE 9, 2022

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million.

Loans 397

Loans Purchase and sale agreement Investor Finance 397

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. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million in unpaid principal balance; pool 2 is at $342.5

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

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. How do real estate agents get paid? Buyer’s agent : The buyer’s agent represents the buyer.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

NOVEMBER 1, 2021

If you make your living by originating new mortgage loans, I don’t have to tell you that the business is changing. You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. Real estate agents, like mortgage loan officers, work from wherever they are today.

Lending 448

Lending Purchase and sale agreement Agents Loan Officer 448

Housing Wire

OCTOBER 1, 2024

RESPA Section 8 and CFPB Regulation X maintain firm prohibitions against kickbacks and unearned fees, with particular statutory exemptions, about all settlement services involving federally related mortgage loans. ” 12 U.S.C. 2607(c)(3) safe harbor applicability for any of their referrals.

Purchase and sale agreement 435

Purchase and sale agreement Agents Brokerage Loans 435

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. The annual investment volume in the U.S. The annual investment volume in the U.S.

Equity 468

Equity Finance Purchase and sale agreement Investor 468