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Even super hot housing markets like LA are cooling off

Housing Wire

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. We were having like 20 to 30 offers every time we had a listing on the market and the offers would come in from day one until the seller said enough is enough. Rapid City, South Dakota.

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Bridging the gaps in the home buying process

Housing Wire

Agents who have chosen to step into this role focus on five critical areas: culture, project management, communications, technology, and education. Taking the time to establish these requirements for the real estate agent, lender, buyer and seller will help the agent craft a more cohesive plan for achieving those goals.

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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 446
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Opinion: Automate title status check info with AI

Housing Wire

Loan officers dread having to email an appraisal firm for the report they’re waiting on. Title agents dread being blamed by everyone from the buyer to the seller, from the real estate agent to the lender, for that delay that falls between the signing of a sales agreement and the signing of the closing documents.

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Opinion: More can be done to shorten the average time to close

Housing Wire

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. When asked why it takes an average of six to seven weeks to get to closing , there are a lot of complex (and honest) answers.

HOA 462
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Opinion: More should be done to shorten the average time to close

Housing Wire

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. When asked why it takes an average of six to seven weeks to get to closing, there are a lot of complex (and honest) answers. But there’s also room for improvement.

HOA 427