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Consumer protection is what title insurance is all about

Housing Wire

Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. In fact, for many new buyers entering the market this year, this will be the first time they ever hear the words “ title insurance.” What is title insurance?

Insurance 468
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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Insurance 467
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Lift the ban on lenders providing down payment assistance on FHA loans: Ted Tozer

Housing Wire

Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers. Bush administration in 2004. “If If this change were made, the FHA program would join the other government-insured programs offered by the U.S.

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Remote online notarization is the proper path forward for digital closings

Housing Wire

Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral.

Law 468
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal.

Business 370
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Types of Appraisal Values

Appraisal Today

This price assumes a reasonable exposure time on the market, with both buyer and seller acting prudently and without duress. Types of Value (Partial List) Assessed Value Investment Value Insurable Value Value in Use Book Value Intangible Value To read more, Click Here My Comments: Read this article! Don’t overpay or over-insure.

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May Housing Prices Set Record Highs Despite Signs of Pending Slowdown

Will Springer Realtor

Del Prete said sellers are bringing more inventory to market, but with “aspirational pricing” that buyers are not willing to – or simply cannot – pay. King County has seen a quarter of single-family homes cut prices and the broader Seattle/Tacoma region is experiencing a drop in single-family prices on 27% of the homes for sale.

Buyers 62