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Chase Home Lending increases its closing guarantee

Housing Wire

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. Dimon wrote. This overlap creates difficulties, not only for banks, but for the regulators, too.

Lending 348
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Catch the No. 1 purchase mortgage originator on stage at HW Annual 2023

Housing Wire

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? HousingWire: What do lending executives need to understand when it comes to supporting top producers? Back in 2010, I created a structured offer process that real estate agents can follow, compete and win in a multiple offer scenario.

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Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount.

Agents 379
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market. Another reason why distressed sales are likely low, is that lending standards remain tight.

Realtors 373
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How brokers can help today’s unique borrower

Housing Wire

In 2019, the share of gig workers in companies jumped 15% compared to 2010, according to data from the ADP Research Institute. BD: First and foremost, the biggest pain point for brokers is finding lenders that offer mortgage solutions outside of the conventional lending box.

Finance 369
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The Apple Peeled - Ask the Experts: Market Dynamics with Jonathan Miller

Miller Samuel

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221
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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). The true barometer will be measured by the number of homeowners who enter the market this year – depending on lending rates and personal factors. That’s a whopping 134% more than December and a solid 7.0%