Housing Wire
JANUARY 24, 2024
Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. In fact, for many new buyers entering the market this year, this will be the first time they ever hear the words “ title insurance.” What is title insurance?
Housing Wire
MARCH 1, 2024
For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.
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Housing Wire
JULY 21, 2023
Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers. Bush administration in 2004. “If If this change were made, the FHA program would join the other government-insured programs offered by the U.S.
Housing Wire
NOVEMBER 9, 2020
Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral.
Housing Wire
FEBRUARY 14, 2022
And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal.
Will Springer Realtor
MARCH 11, 2024
The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. Prospective home sellers are smart people.
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