Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices. I think it is important that we stay a step ahead of this,” Olson said. “We

Lending 389

Lending Mortgage Government Finance 389

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. decline in applications for government loans. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior.

Inventory 378

Inventory Contracts Government Mortgage 378

Housing Wire

FEBRUARY 7, 2024

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. This new dataset will replace our proprietary data standard on April 1, 2024.

Retail 376

Retail Project Management Insurance Landlords 376

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. and government loans were up 13% last week, according to the MBA estimates. It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week.

Mortgage 347

Mortgage Loan Officers Investors Government 347

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. It also allows home sellers to receive top dollar for the home, he said. The product, known as an assumable mortgage, is not new.

Mortgage 355

Mortgage Loan Officers Government Buyers 355

Housing Wire

AUGUST 2, 2024

Auction.com , the nation’s largest online platform for distressed real estate sales, recently reported that demand for homes sold at auction began to decline late in the second quarter of 2024 even as the available supply of foreclosed homes also contracted.

Inventory 384

Inventory Retail Buyers Renovations 384

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. That’s blatantly wrong.

Contracts 360

Contracts Inventory Housing Market Buyers 360

Housing Wire

MAY 17, 2024

The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. In just the past year, the Department of Justice has called for a full dislocation of real estate agent commissions between sellers and buyers, and new appraisal bias protections have been set up.

Lending 357

Lending Real Estate Agent Contracts Government 357

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Instead of mortgages, borrowers looking to finance more modest properties turn to land contracts, seller-financed mortgages, lease-purchase agreements, and personal property loans.

Mortgage 372

Mortgage Finance Lending Development 372

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. Department of Agriculture (USDA). Nationally, there was a year-over-year decrease of 2.3% during the same time.

Mortgage 388

Mortgage Construction Lending Real Estate 388

Housing Wire

OCTOBER 19, 2022

The basic IMB business model is to originate federally backed mortgages including FHA, VA, government-sponsored enterprise (GSE). With homeownership affordability under pressure and mortgage rates and home prices rising, the report urged federal policy makers to refrain from taking actions that contract mortgage credit in this environment.

Mortgage 355

Mortgage Contracts Design Government 355

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 326

Mortgage Marketing Retail Construction 326

Housing Wire

MARCH 14, 2024

People are taking their time to actually come see things now instead of buying site unseen, and occasionally we see some seller concessions, but the traffic and the demand is still there; you might just work a little longer with people because we don’t have anything for sale,” Clarkson said.

Inventory 371

Inventory Buyers Agents Real Estate 371

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 292

Law Real Estate Real Property Contracts 292

Housing Wire

FEBRUARY 15, 2024

Benefits of owning and building equity Of the various DPA options available — including government-sponsored DPA programs, nonprofit-driven programs and employer-assisted programs — Federal Housing Administration (FHA) loans layered with a DPA benefit have grown in popularity. “A

Mortgage 451

Mortgage Buyers Loan Officers Sellers 451

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) It never will be. I’ll explain later.)

Agents 384

Agents Buyers Sellers Inventory 384

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

Marketing 344

Marketing Contracts Technology Mortgage 344

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

Buyers 370

Buyers Agents Loan Officers Real Estate 370

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. Sometimes distant relatives—or an ex-spouse—may surface with a claim that they actually own the home, and that the seller had no right to sell it to you in the first place. Clear the title.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Appraisal Buzz

JUNE 20, 2022

The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. Borrowers, sellers, and real estate agents are seeking to lay blame for failed real estate transactions and often target the appraiser as the villain.

Appraisal 418

Appraisal Modernization Property Appraisal Real Property 418

Housing Wire

MAY 24, 2024

Consider getting pre-approved if possible, as this not only gives you a realistic idea of how much you’ll be able to borrow, but it also signals to home sellers that you’re serious rather than casually looking. Other government-backed loan programs include FHA loans which typically require only a 3.5%

Mortgage 367

Mortgage Insurance Contracts Design 367

Miller Samuel

JUNE 28, 2020

The days on market (DOM) metric is significant to sellers because they don’t want their home to be perceived as overpriced if it sits unsold too long. Sellers look at DOM too and become concerned when their listing sits too long relative to the competition, typically blaming the agent for not marketing the property enough.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. In short, the IMB industry will contract and reconfigure via failures, asset sales, mergers and acquisitions, according to Capasse’s forecast.

Mortgage 343

Mortgage Marketing Buyers Sellers 343

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 402

Real Estate Insurance Law Real Estate Agent 402

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Related Posts: Seller Filed a Racial Bias Complaint Against Me So what’s caused the sudden loss of income? Goliath’s strength is in his messaging. It is appraisers who are destroying the message.

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Appraisal Valuation Lending Contracts 135

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

Mortgage 312

Mortgage Government Contracts Insurance 312

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 362

Marketing Mortgage Investors Sellers 362

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Who will buy these assets?

Marketing 342

Marketing Investing Mortgage Investors 342

Realtor

NOVEMBER 1, 2023

It also shows home sellers and listing agents that you’re a strong home-buying candidate. Getting under contract Signing a contract to purchase a home comes next. VA appraisal Once a veteran is under contract, their lending team will order an appraisal, which is conducted by an independent VA appraiser.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

Realtor

APRIL 14, 2021

Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In In this market, we are seeing a lot of appraisal gaps being written into contracts. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 159

Mortgage Real Estate Agent Real Estate Buyers 159

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An agent does a floorplan scan when they make a listing. An offer comes in at 5 p.m.

Appraisal 411

Appraisal Inspection Real Estate Agent Training 411

The Robert Weiler Company

SEPTEMBER 19, 2022

A simple conservation easement definition is a legal contract to protect private land, permanently. When an Ohio landowner or investor decides to preserve their property, they likely turn to a conservation organization such as a state government agency or land trust. A contract between the landowner and the buyer is legally binding.

Easement 148

Easement Legal Government Contracts 148

Housing Wire

JANUARY 27, 2022

Even though the cap was suspended in September of 2021, the wheels were already set in motion for larger lenders, particularly nonbanks, to convert their agency loan-sale pipelines to favor swap transactions with government-sponsored enterprises (GSEs) Fannie and Freddie. You have to get a different kind of contract.

Mortgage 309

Mortgage Investors Finance Contracts 309

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” “Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 359

Mortgage Marketing Lending Buyers 359

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement. Lenders also typically require a minimum 3.5% of the offer price for a down payment.)

Contracts 55

Contracts Buyers HOA Inspection 55