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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception.

Finance 418
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Cardinals of a different feather: Inside Samson Properties’ unique model

Housing Wire

Samson is so agent-centric, in fact, that its agents receive a 100% commission split and services like training, office desks, and help with marketing. In return, the Samson agent is asked – not told, asked – to refer clients to Cardinal Title Group , a title insurer wholly owned by Samson. “I That changed amid the Great Recession.

Brokerage 370
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RON is here to stay – Here’s what you need to know

Housing Wire

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Before you do anything, you should ask your underwriter whether they will insure RON closings at all. How should you prepare for RON?

Law 348
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Appliances for FHA appraisals

Appraisal Today

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. In addition to reducing upfront costs, Rocket Mortgage says ONE+ completely eliminates the expensive monthly mortgage insurance fee for the client —which is traditionally required if the buyer places less than 20% down on their purchase.