Housing Wire

SEPTEMBER 18, 2024

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Instead of giving up the business, the referring agent introduces the potential client to another real estate agent who is better positioned to help them.

Real Estate 453

Real Estate Real Estate Agent Agents Brokerage 453

Housing Wire

MARCH 27, 2024

At that time, outgoing president Dave Bunton informed the foundation that he would be retiring at the end of his current contract. Bunton’s contract with the organization expires on Dec. Davids is scheduled to assume the role of president on March 31, at which point Bunton will transition into a new role as a senior adviser.

Appraisal 425

Appraisal Contracts Real Estate Valuation 425

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 447

Retail Project Management Insurance Landlords 447

Housing Wire

SEPTEMBER 6, 2023

Specifically, mortgage companies and banks who contract with housing counseling agencies for pre- and post-purchase housing counseling services have clear authority under RESPA to use a fee for service.” This list is provided for ease of reference. It is not exhaustive of all HUD documents that continue to apply.”

Mortgage 421

Mortgage Contracts Real Estate Development 421

Appraisal Buzz

AUGUST 12, 2024

“Whether as stand-alone transactions or paired with our pioneering Structured Agency Credit Risk offerings, every ACIS contract features large, well-diversified loan reference pools managed according to Freddie Mac’s end-to-end risk mitigation protocols.”

Insurance 195

Insurance Contracts Investing Mortgage 195

McKissock

OCTOBER 15, 2021

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions. The following outlines some of the reference manual features. Organization.

Appraisal 52

Appraisal Appraisal Process Contracts Design 52

Appraisal Buzz

NOVEMBER 5, 2024

Almost a century ago, a small band of progressive-era reformers and socialists looked to Europe for models of affordable housing programs, which they referred to as municipal, public, or, yes, social housing,” von Hoffman explained in the essay “Problems and Progress: Public Housing in an American Social Housing System.”

Development 396

Development Finance Contracts Agents 396

Housing Wire

NOVEMBER 13, 2020

Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. Do you have any references I can contact? If you think a real estate agent might be a good fit, always ask for a reference or two first before signing on that dotted line.

Real Estate Agent 545

Real Estate Agent Real Estate Agents Contracts 545

Housing Wire

AUGUST 13, 2024

So, you need to have the conversation again at the time of making the offer and then again when the contract comes back. They’re already negotiating how long a contract lasts or whether a seller can move in early, or whether appliances can be included in the deal, said Sharran Srivatsaa , the president of The Real Brokerage.

Clients 475

Clients Agents Buyers Sellers 475

Housing Wire

OCTOBER 9, 2024

In reference to the purchase market, Fratantoni observed that a couple key factors continue to play a role in consumer demand. “As The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week. of new applications. For the week ending Oct.

Mortgage 410

Mortgage Government Retail Contracts 410

Housing Wire

OCTOBER 8, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the sharpest economic contraction since the Great Depression. economy contracted 31% in the second quarter, compared to a year earlier, as the nation struggled to contain the worst public health crisis in more than a century.

Mortgage 445

Mortgage Contracts Housing Market Marketing 445

Housing Wire

SEPTEMBER 27, 2024

The first tip explores a phenomenon called “the condo curse,“ which refers to instances where agents fail to understand the difference between warrantable and non-warrantable condominiums when searching for financing. Unfavorable contract terms may also burden condo buyers with a higher interest rate or a larger lender point requirement.

Finance 401

Finance Agents Mortgage Loan Officers 401

Housing Wire

DECEMBER 14, 2021

In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

Appraisal 459

Appraisal Valuation Finance Training 459

Housing Wire

AUGUST 21, 2024

In addition, the company did not stop collecting private mortgage insurance on time and charged late fees that were higher than the mortgage contracts allowed for.

Law 394

Law Contracts Insurance Mortgage 394

Housing Wire

AUGUST 2, 2024

Singh explains that general AI models cannot answer detailed real estate-related prompts without referring to general resources. CoreLogic ensures that its data is used under the proper legal contracts and obligations. Therefore, including accurate and diverse data is vital in developing AI and gathering good data. Risk factors.

Real Estate 448

Real Estate Clients Tools Development 448

Housing Wire

JULY 27, 2022

Trident, which ceased doing business in 2021, will have to contract with a lender to open offices in minority areas and conduct outreach. It must also contract with a lender to administer $18.4 To resolve the DOJ and CFPB’s claims of redlining, Trident will pay $18.4 Trident will also pay a civil penalty of $4 million to the CFPB.

Loan Officers 418

Loan Officers Mortgage Law Contracts 418

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. In fact, for the latter product, also referred to as home equity investments (HEIs) or home equity agreements (HEAs), the market is poised to expand even further.

Housing Market 437

Housing Market Marketing Contracts Finance 437

Housing Wire

FEBRUARY 22, 2022

Many people are referring to this time as a ‘profitless boom’ for the building industry. Be cautious when signing fixed-price contracts. Enter into contracts that are malleable to market prices. In most cases, the builder will have to bear the additional cost – eroding any net profit left in the project.

Construction 432

Construction Supply Chain Contracts Business 432

Housing Wire

JUNE 17, 2024

The ROOF team responds to leads needing human intervention and refers leads who are ready to speak to an agent. How does Offrs’ AI-powered lead generation work? Offrs take a comprehensive approach that involves four essential steps. Predictive Analytics Predictive analytics data is the starting point for every you can do with Offrs.

Advertising 417

Advertising Real Estate Tools Contracts 417

Appraisal Buzz

JUNE 11, 2024

The coverage on this contract may be discontinued by Fannie Mae at any time on or after the five-year anniversary of the effective date by paying a cancellation fee. Since inception to present, Fannie Mae has bought roughly $27.2 billion in insurance coverage on $913.4 Since inception to present, Fannie Mae has bought roughly $27.2

Insurance 221

Insurance Contracts Mortgage Business 221

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

Housing Wire

MARCH 29, 2024

CMLS goes on to argue that the court should evaluate the settlement agreement proposed by the plaintiffs and MLS PIN without any reference to the DOJ’s statement of interest. According to CMLS’ reading of the proposed agreement, two main policy changes are proposed.

Sellers 457

Sellers Real Estate Buyers Contracts 457

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 to Zillow’s return on these sales, the spokesperson referred back to a statement last month that the company expects a 5-7% loss on resales compared to the purchase price.

Inventory 458

Inventory Real Estate Agent Investors Market Value 458

Housing Wire

JULY 26, 2024

Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction. However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed.

Market Value 435

Market Value Real Estate Agent Real Estate Finance 435

Housing Wire

NOVEMBER 17, 2023

In the video cited, Blefari discusses commission negotiation with trainees, stating: “[W]hen homesellers saw that I had written a 6% commission into the contract, and would ask, ‘Gino, but aren’t commissions negotiable?’ I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

Training 418

Training Realtors Agents Real Estate 418

Housing Wire

JANUARY 10, 2024

Agents do pay for these leads, with Zillow’s “Zillow Flex” now taking a percentage of commissions from referred leads. That’s good news for real estate agents and brokers looking to attract leads.

Real Estate 398

Real Estate Real Estate Agent Tools Contracts 398

Housing Wire

OCTOBER 21, 2024

The bank loan officers were thrilled to refer clients they couldn’t help, knowing that our loan officer wasn’t going to compete for the banking relationship. We also show them how to pre-qualify bank statement loans before the borrower is even under contract or what the rent survey needs to come back at on a DSCR loan.

Lending 396

Lending Loan Officers Tools Mortgage 396

Housing Wire

FEBRUARY 7, 2022

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts. Unison also shares some of the downside if the property loses value over the course of the contract.

Investing 309

Investing Marketing Contracts Investors 309

Housing Wire

MAY 10, 2024

Additionally, the board also voted to change Article 4’s first standard of practice, which currently reads: “For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by Realtors prior to the signing of any contract.” represent themselves 2. represent a member of their immediate family 3.

Realtors 361

Realtors Finance Agents Legal 361

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 326

Inventory Contracts New Listings Buyers 326

Housing Wire

AUGUST 14, 2024

Saphire, who like Harvey only lists properties on the MLS, but also offers additional al a carte services such as contract review, transaction coordination and negotiation coaching for additional fees, has also adjusted how he is educating sellers on offering commissions to buy-side agents.

Agents 433

Agents Sellers Buyers Contracts 433

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

Contracts 381

Contracts Lending Investing Investors 381

Housing Wire

DECEMBER 11, 2020

For each deal, a smart contract known as a Passport Token is created that contains the borrower’s ATP analytics along with immutable references to the underlying source data, including their lending needs. The smart contract presents the borrower’s lending request to the exchange. The ATP is already in the blockchain.”.

Lending 434

Lending Contracts Investors Technology 434

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. When reading contracts, words will always have their ordinary meaning unless defined otherwise. adjective.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

NOVEMBER 1, 2024

Referral agent: A referral agent is a real estate agent who refers clients to other agents in exchange for a referral fee. This course covers real estate law, contracts, finance and ethics. The two terms are often used interchangeably and refer to the licensed broker responsible for the overall operation of a real estate brokerage.

Real Estate 447

Real Estate Real Estate Agent Agents Brokerage 447

Empire Appraisal Group

JUNE 29, 2023

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. If the deadline expires without association approval, then the contract will terminate, and the buyer is entitled to a return of the deposit. . – With over 1.5

HOA 78

HOA Contracts Sellers Buyers 78

Housing Wire

DECEMBER 13, 2022

“New home sales are holding up better than existing home sales because new home sales really took a dive during the foreclosure crisis and never fully recovered from that, and hence they had a low base reference to compare,” Yun said. Fraud risk continues to rise even as the market contracts . to $384,500.

Realtors 435

Realtors Mortgage Housing Market Real Estate 435