Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. and government loans were up 13% last week, according to the MBA estimates. It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week.

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Mortgage Loan Officers Investors Government 376

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate.

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Mortgage Loan Officers Government Buyers 378

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

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Agents Buyers Sellers Inventory 400

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. decline in applications for government loans. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior.

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Inventory Contracts Government Mortgage 398

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Related Posts: Seller Filed a Racial Bias Complaint Against Me So what’s caused the sudden loss of income? Goliath’s strength is in his messaging. It is appraisers who are destroying the message.

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Appraisal Valuation Lending Contracts 131

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 441

Mortgage Buyers Loan Officers Sellers 441

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Tara Roche, who co-authored the report, said that making small-dollar loans more accessible would help curb buyers’ reliance on riskier and costlier alternative financing.

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Mortgage Finance Lending Development 381

Empire Appraisal Group

JUNE 29, 2023

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. For example, both include room for a seller to disclose whether association approval is required. . – With over 1.5 million condominium units (condos) in Florida, and over 3.71

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HOA Contracts Sellers Buyers 78

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

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Marketing Mortgage Investors Sellers 396

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. In short, the IMB industry will contract and reconfigure via failures, asset sales, mergers and acquisitions, according to Capasse’s forecast.

Mortgage 368

Mortgage Marketing Buyers Sellers 368

Miller Samuel

JUNE 28, 2020

The days on market (DOM) metric is significant to sellers because they don’t want their home to be perceived as overpriced if it sits unsold too long. When a potential home buyer looks at a listing on a public-facing web site, they look at DOM as one way to determine whether the listing price is reasonable. Only sellers matter?

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Housing Market Marketing Real Estate Sellers 221

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

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Marketing Contracts Technology Mortgage 375

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Who will buy these assets?

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Marketing Investing Mortgage Investors 374

Realtor

APRIL 14, 2021

Experts say p otential buyers should make pre-approval their first step. Buyers all over the country are facing bidding wars after making an offer. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Some sellers are even receiving dozens of all-cash offers.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Miller Samuel

FEBRUARY 12, 2019

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 said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” In 2018 the discount was 5.2%. That process can take time.

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Marketing Real Estate Appraisal Sellers 221

Eppraisal

FEBRUARY 7, 2023

First of all, sellers need to know who shops for vacant land, as noted above. Secondly, owners need to prepare the land just as a home seller needs to stage a house. Having a detailed survey prepared demonstrates a desire to deal honestly with buyers. Mow the grass, pick up litter and even plant wildflowers for aesthetic appeal.

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Development Sellers Legal Home Value 69

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 77

Movoto

APRIL 29, 2024

They don’t set, they don’t set commissions, they don’t govern commissions, they don’t dictate commissions. Really NAR and part of their mission all along has been to protect and provide for the American home buyers and sellers. The local associations, for the most part, govern the MLSs.

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Agents Sellers Realtors Buyers 36

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

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Mortgage Government Contracts Insurance 354

Genworth MI Blog

AUGUST 31, 2022

With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. More buyers began purchasing homes as-is, waiving repairs.

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Inspection Appraisal Marketing Appraisal Process 78

Realtor

APRIL 14, 2021

Experts say p otential buyers should make pre-approval their first step. Buyers all over the country are facing bidding wars after making an offer. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Some sellers are even receiving dozens of all-cash offers.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Eppraisal

JULY 21, 2023

" This unique arrangement allowed prospective buyers to lease a property with the option to purchase it later. Let's examine the current status of rent-to-own agreements and explore whether they remain a viable option for both buyers and sellers.

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Real Estate Sellers Investors Finance 36

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% In Wise County , there were only 56 listings.

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Inventory Buyers Agents Real Estate 402

Hank Miller Team

MAY 3, 2022

Has the move away from historic inventory shortages and home buyer frustration finally started? Does it matter though if we go from 6 days to 9 days for homes to go under contract? As rates jumped, buyers did as well. Zeroed in on the first time buyers up to 400K shows the impact of rising rates.

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Real Estate Marketing Buyers Inventory 52

Hank Miller Team

JULY 12, 2023

During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. Combine that with rent and daily expenses, it's no wonder the buyers on the edge fell off when rates jumped. Fewer buyers, fewer contract and sales. Those numbers are rising again.

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Housing Market Marketing Buyers Sellers 40

Eppraisal

DECEMBER 6, 2022

The problem for property sellers is that their sale might be a casualty of this tightening. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns. Such a development takes a large portion of the potential home buyer population out of play.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Zillow

JULY 15, 2019

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Buyers should budget for an amount that is 1% to 3% of the home's purchase price.

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Real Estate Agent Insurance Inspection Buyers 56

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There However, buyers must consider the cash flow of their business or household while taking an accurate measure of their assets.

Development 36

Development Finance Sellers Home Value 36

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. Alternative appraisals, however, rely more on objective data and an “arm’s-length” process between the appraiser and the homeowner or buyer, sometimes assisted by technology, a spokesperson for the GSE said.

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Appraisal Inspection Real Estate Agent Training 404

Appraisal Today

JUNE 23, 2023

A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. Later disclosure to buyers), and appraiser data (only available to GSEs and can vary between appraisers). The models aren’t able to think like buyers and sellers. The problem? It’s too much to ask of a machine.

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Appraisal Real Estate Valuation Contracts 87

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 473

Real Estate Law Inspection Agents 473

Appraisal Today

APRIL 5, 2024

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. to 7% range for mortgage rates and anticipated fluctuations will significantly impact buyer affordability and demand. The average contract interest rate for 5/1 ARMs increased to 6.37

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Appraisal Contracts Business Construction 77

PennyMac

JUNE 28, 2022

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

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Insurance Property Taxes Sellers Inspection 36

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. That’s blatantly wrong.

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Contracts Inventory Housing Market Buyers 391

Appraisal Today

JULY 1, 2022

2) Many sellers are distracted by hot headlines from the past. 10) Buyers have more opportunities. More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained at 5.62

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Will Springer Realtor

JANUARY 3, 2023

Supreme Court decision ruled the covenants as enforceable contracts. A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. It has taken a collective effort – from government leaders, racial justice activists, Realtor associations and academia – to get there.

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Real Estate Technology Investing Legal 36