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How homebuyers stand to lose from the commission lawsuits: AIME

Housing Wire

We’re writing today to address the unintended consequences that may result from the real estate agent commission dilemma stemming from recent lawsuits. There are multiple lawsuits challenging the prevailing structure of real estate agent commissions, and, as a result, there is no shortage of industry conversation on the topic.

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UWM to credit borrowers up to $600 for their appraisal costs

Housing Wire

Mat Ishbia, CEO of UWM, said in a statement that the move is meant to “jump-start purchase season” and that this offering will give independent mortgage brokers a significant edge with real estate agents and borrowers in a rising rate, purchase-focused environment. Sponsored Video.

Appraisal 397
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Reggora gets Series B funding, eyes 2-day appraisals

Housing Wire

Find out more about technology and solutions specifically geared to empower the community lender to offer personalized service to borrowers and to the real estate agent partners from loan application to closing. ” The post Reggora gets Series B funding, eyes 2-day appraisals appeared first on HousingWire.

Appraisal 482
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Opinion: The pros and cons of VA modernization bill

Housing Wire

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.

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Will hybrid appraisals become the new normal?

Housing Wire

According to FHFA director Mark Calabria, modernizing the appraisal process has the potential to create a more “streamlined and accurate collateral valuation process.” According to the FHFA, hybrid appraisals would increase coverage for rural markets and high-volume areas where time becomes a greater issue.

Appraisal 482
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‘Real Estate Insiders’ role play buyer and seller objections

Housing Wire

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug.

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Demystifying home appraisals

Housing Wire

These days, a home appraisal is even more valuable in a changed real estate landscape. How does the home appraisal process work? There are three stages that agents and their clients need to be aware of. Appraisers may have questions or need documentation they missed in their research.

Appraisal 397