Housing Wire
JANUARY 17, 2024
But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).
Housing Wire
APRIL 12, 2022
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.
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Housing Wire
APRIL 7, 2022
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?
Housing Wire
DECEMBER 8, 2023
Visit OnlineEd Overview OnlineEd is a licensed real estate school and insurance school that has been offering online courses since 1998. An approved NMLS course provider of continuing education since 2009, OnlineEd’s teaching and instruction is done via the Internet and through a unique course management system.
Appraisal Today
FEBRUARY 9, 2024
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.
Appraisal Today
MAY 26, 2023
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.
Housing Wire
NOVEMBER 5, 2020
It reminds me of the early 2000s, when the focus was growth and anyone who had a heartbeat could become a broker, whether they had proper training or not. We’re also working on finding solutions for the qualified mortgage and on issues surrounding flood insurance. That mentality is going to backfire on us.
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