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MISMO searches for participants for closing initiative

Housing Wire

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

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Smaller IMBs are better placed to weather challenges than larger ones, CHLA claims

Housing Wire

The Mortgage Bankers Association (MBA) forecasts that if the mortgage industry experiences a 65% drop in origination volume between the fourth quarter of 2020 and the first quarter of 2023, production employment will likely need to be scaled back by 24 to 31%. Department of Housing and Urban Development (HUD).

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Loan-repurchase risk threatens future M&A deals

Housing Wire

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals.

Buyers 397
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Underwriter shortage slowing the pace of private-label deals

Housing Wire

mortgage securitizations reached 5% in 2019, then declined to 2.44% in 2020, largely because of the pandemic-spawned economic slowdown. So, the delays vary, with an average now of four-to-six weeks for smaller RMBS issuers that don’t have an ongoing contract relationship with a TPR firm. Securities and Exchange Commission.

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Building With a National Builder

Eppraisal

percent above the October 2020 rate. Many national builder developments across the country are selling homes faster than they have in some time. How National Homebuilders Sell Homes National homebuilders develop communities, often times with parks and amenties within.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

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Using an Exclusive Buyer Broker is in Your Best Interest

Eppraisal

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Explain documents such as contracts and disclosures. * Help you arrange inspections.

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