Remove Legal Fees Remove Reference Remove Sellers
article thumbnail

Lenders must address repurchase risk before they go bust

Housing Wire

Mortgage loan buybacks, often referred to as repurchases, occur when a loan sold to an investor or GSE fails to meet the agreed-upon underwriting, legal, or regulatory standards. In Q2, Freddie Mac seller repurchases rose to $430 milliona 29.1% By contrast, Fannie Mae sellers repurchased $268.5 increase from Q1.

Investors 370
article thumbnail

CLOSING COST CREDITS also known as SELLERS CONCESSIONS will become even more common!

Lamacchia Realty

CLOSING COST CREDITS also known as SELLERS CONCESSIONS will become even more common! Buyers , sellers , and sometimes even real estate agents get confused with how Closing Cost Credits or Sellers Concessions really work. For starters most REALTORS and buyers, at least in the Northeast, refer to them as a Closing Cost Credit.

Sellers 74
article thumbnail

Commercial Real Estate Investing: A Comprehensive Guide

Property Metrics

Some sponsors or sellers inflate projected rents to make the deal look more attractive. Lenders, appraisers, and brokers typically reference market value when determining loan amounts or pricing recommendations. Be on the lookout for these red flags in any proforma. Financing Requirements: Lenders often demand certain inspections (e.g.,