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CRMLS removes seller concession fields from platform

Housing Wire

California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. 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.

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

Housing Wire

Rather, it’s an age-specific, federally-insured loan option that helps eligible buyers aged 62+ make a residential purchase while retaining more of their money than they could with a conventional mortgage or an all-cash purchase, generally leaving their savings and assets intact for retirement and any heirs.

Finance 482
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Despite a drop in mortgage shoppers, opportunities are out there: report

Housing Wire

Lenders, including United Wholesale Mortgage and Rocket Mortgage Pro TPO , launched temporary rate buydowns that allow borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Rocket launched a similar product in September.

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UWM enters the HELOC space

Housing Wire

Last week, it launched temporary rate buydowns , allowing borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. . Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp.

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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

“The biggest difference is that sellers need to have the new format and commission structure explained to them fully and carefully,” said Rachael Dotson, an agent at Rhode Island-based Residential Properties Ltd. Many are interested in the potential savings created by the new commission structure.

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Surging mortgage rates prompt borrowers to leave no stone unturned

Housing Wire

When borrowers show hesitancy due to high mortgage rates, loan officers work with options such as temporary rate buydowns, which allow homebuyers to receive lower mortgage rates at the start of their loan terms by using seller concessions as part of the payment. retail residential mortgage applications.

Mortgages 397
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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

The company also launched temporary rate buydowns, which allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgages 418