Housing Wire

FEBRUARY 28, 2024

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Additionally, the CFA noted that at least 13 states require brokers to use buyer agency agreements. This provision has the potential to inflate seller or buyer costs,” the report states.

Purchase and sale agreement 374

Purchase and sale agreement Agents Brokerage Industrial 374

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. The sale of MSRs does not directly impact earnings as a revenue stream, given the MSRs are already accounted for as assets on the balance sheet.

Sales 411

Sales Purchase and sale agreement Loans Mortgages 411

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.

Loans 350

Loans Purchase and sale agreement Sales Principal 350

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 425

Purchase and sale agreement Agents Sales Closing 425

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

Sales 346

Sales Purchase and sale agreement Principal Loans 346

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 483

Purchase and sale agreement Agents Closing Brokerage 483

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. HTL offers a whole suite of products.

Purchase and sale agreement 370

Purchase and sale agreement Equity Loan Officer Mortgages 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 283

Purchase and sale agreement Title Closing Industrial 283

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

Purchase and sale agreement 435

Purchase and sale agreement MLS Agents Brokerage 435

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 NAR Monthly Supply Data Before This report As a nice jump in monthly supply, we see the seasonal push in inventory tied to sales falling, which means the months of supply should increase. The housing nightmare continues.

Purchase and sale agreement 540

Purchase and sale agreement Marketing Sales Mortgages 540

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. It is quite common that our customers are faced with challenges around selling their current home before they can purchase a new home,” Ruoff Mortgage CEO Clint Morgan said in a statement.

Purchase and sale agreement 387

Purchase and sale agreement Mortgages Equity Finance 387

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.

Purchase and sale agreement 393

Purchase and sale agreement Due diligence MLS Brokerage 393

Housing Wire

AUGUST 13, 2024

According to Anthony Lamacchia , the broker-owner of Lamacchia Realty , he and his agents have seen disputes over buyer broker fees for years, highlighting the importance of having a signed buyer representation agreement , which will soon be required by the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement.

Purchase and sale agreement 446

Purchase and sale agreement Agents Brokerage Industrial 446

Housing Wire

NOVEMBER 5, 2024

And for all talk about getting a good deal on a purchase or sale, people still just want to find the right home and have a smooth process. 1 need, while only 14% said they wanted help in negotiating the terms of the sale. The survey also shed light on the different methods by which agents are marketing homes for sale.

Purchase and sale agreement 385

Purchase and sale agreement Agents MLS Sales 385

Housing Wire

MARCH 15, 2024

Also, fields displaying broker compensation on MLSs must be eliminated, there is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation and buyers’ agents must have written agreements. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

HomeLight

JULY 23, 2024

As a seller, you’ll first encounter a purchase agreement when you receive an offer from a buyer. The purchase agreement outlines the buyer’s offer price, along with contingencies , financing terms, closing costs , possession date, and more. A minor oversight can lead to home sale delays — or worse, trap you in a bad deal.

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Purchase and sale agreement Sales Closing costs Finance 115

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. Put everything in writing.

Purchase and sale agreement 395

Purchase and sale agreement Finance Closing costs Closing 395

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.

Purchase and sale agreement 545

Purchase and sale agreement MLS As-is Sales 545

Housing Wire

NOVEMBER 4, 2024

loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states.

Purchase and sale agreement 234

Purchase and sale agreement Mortgages New Construction Lending 234

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.

Purchase and sale agreement 363

Purchase and sale agreement Agents Seller concession Closing costs 363

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.

Purchase and sale agreement 422

Purchase and sale agreement Mortgages Closing costs Sales 422

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.

Purchase and sale agreement 462

Purchase and sale agreement Agents MLS Seller concession 462

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 filing revealed that refi loans made up 85% of funded loan volume for Better.com in last six months, while purchase volume was close to 15%.

Purchase and sale agreement 429

Purchase and sale agreement Loans Investor Equity 429

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 389

Purchase and sale agreement Equity Lending Investor 389

Housing Wire

APRIL 27, 2022

“Gain on sale revenue was under significant pressure throughout the quarter as the velocity of the increase in mortgage rates rose at the fastest rate this century,” Alessandro DiNello, president and chief executive officer of Flagstar Bancorp, said in a statement. from the prior quarter, to $53 million. billion in Q1 2021 to $5.7

Purchase and sale agreement 411

Purchase and sale agreement Mortgages Banks Branding 411

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.

Purchase and sale agreement 426

Purchase and sale agreement Brokerage Technology Marketing 426

Housing Wire

MAY 8, 2024

The plaintiffs in the Batton 1 homebuyer commission lawsuit are making a last-minute effort to prevent the court from granting final approval to the commission lawsuit settlement agreements reached by Anywhere , Keller Williams and RE/MAX on Thursday.

Purchase and sale agreement 370

Purchase and sale agreement Residential Brokerage Development 370

Housing Wire

MARCH 12, 2024

First piloted in a handful of markets in September 2023 and formally launched in early February, the 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%

Purchase and sale agreement 367

Purchase and sale agreement Brokerage Agents Closing 367

Housing Wire

JULY 30, 2024

The nation’s largest MLS also added a field to indicate whether the amount being offered was a dollar amount of a percentage of the sales price of the home. The modified forms, including the Residential Listing Agreement (RLA) and the Multiple Listing Service Addendum (MLSA), do not include offers of broker-to-broker compensation.

Seller concession 403

Seller concession Purchase and sale agreement MLS Residential 403

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. For the most part, brokers said buyers are willing to sign these agreements.

Purchase and sale agreement 408

Purchase and sale agreement Agents MLS Inspection 408

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 386

Loans Purchase and sale agreement Investor Finance 386

Housing Wire

AUGUST 21, 2024

While there have not been any “ horror stories ” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals.

Purchase and sale agreement 416

Purchase and sale agreement Agents Industrial As-is 416

Housing Wire

FEBRUARY 23, 2023

Fighting against unfair fee agreements Recently, there has been an increase in the filing of unfair real estate fee agreements in property records, so-called Non-Title Recorded Agreements for Personal Services (NTRAPS). As an industry, we united against these unfair fee agreements.

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Title Industrial Purchase and sale agreement Title search 476

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. As of last month, the firm reported 9,800 homes it purchased but has yet to sell, and 8,200 it is contractually obliged to buy – or a shade under 18,000 total.

Purchase and sale agreement 444

Purchase and sale agreement Investor As-is Industrial 444

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. The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. billion — or a bit more than half of the RPL sales by loan count and $5.7 billion.

Loans 387

Loans Purchase and sale agreement Principal Due diligence 387

Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

Purchase and sale agreement 365

Purchase and sale agreement Agents Brokerage MLS 365

HomeLight

MARCH 7, 2024

But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? In this guide, we’ll break down what you need to know about buyer cancellation of a purchase agreement. What is a home purchase agreement?

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Purchase and sale agreement Earnest money deposit Option period Due diligence 116