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.

Inventory 400

Inventory Contracts Government Mortgage 400

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.

Appraisal 136

Appraisal Valuation Lending Contracts 136

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 359

Mortgage Marketing Retail Construction 359

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. Instead of mortgages, borrowers looking to finance more modest properties turn to land contracts, seller-financed mortgages, lease-purchase agreements, and personal property loans.

Mortgage 383

Mortgage Finance Lending Development 383

Housing Wire

OCTOBER 19, 2022

The basic IMB business model is to originate federally backed mortgages including FHA, VA, government-sponsored enterprise (GSE). With homeownership affordability under pressure and mortgage rates and home prices rising, the report urged federal policy makers to refrain from taking actions that contract mortgage credit in this environment.

Mortgage 387

Mortgage Contracts Design Government 387

Realtor

NOVEMBER 1, 2023

It also shows home sellers and listing agents that you’re a strong home-buying candidate. Getting under contract Signing a contract to purchase a home comes next. VA appraisal Once a veteran is under contract, their lending team will order an appraisal, which is conducted by an independent VA appraiser.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

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

HOA 78

HOA Contracts Sellers Buyers 78

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) It never will be. I’ll explain later.)

Agents 403

Agents Buyers Sellers Inventory 403

Appraiserblogs

JANUARY 4, 2024

Buyers, Sellers, & Refinancers – The U.S. Government from the top down have provided the media and the public in general with so much toxic misinformation and encouragement that any appraiser doing their job, a job that can lead to lower values than expected, can now be turned to HUD itself, or a state appraisal board for racial bias.

Appraisal 152

Appraisal Government Sellers Buyers 152

Housing Wire

FEBRUARY 15, 2024

Benefits of owning and building equity Of the various DPA options available — including government-sponsored DPA programs, nonprofit-driven programs and employer-assisted programs — Federal Housing Administration (FHA) loans layered with a DPA benefit have grown in popularity. “A

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

Buyers 391

Buyers Agents Loan Officers Real Estate 391

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Sellers 59

Sellers Buyers New Listings Inventory 59

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.

Marketing 370

Marketing Mortgage Investors Sellers 370

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.”

Marketing 373

Marketing Contracts Technology Mortgage 373

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. Sellers look at DOM too and become concerned when their listing sits too long relative to the competition, typically blaming the agent for not marketing the property enough.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

The Robert Weiler Company

SEPTEMBER 19, 2022

A simple conservation easement definition is a legal contract to protect private land, permanently. When an Ohio landowner or investor decides to preserve their property, they likely turn to a conservation organization such as a state government agency or land trust. A contract between the landowner and the buyer is legally binding.

Easement 148

Easement Legal Government Contracts 148

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 366

Mortgage Marketing Buyers Sellers 366

Appraisal Buzz

JUNE 20, 2022

The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. Borrowers, sellers, and real estate agents are seeking to lay blame for failed real estate transactions and often target the appraiser as the villain.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Appraisal Buzz

AUGUST 29, 2022

This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking. Though the federal government has yet to pass legislation directly tackling the current housing crisis, some bills may affect it indirectly. More people are searching for homes than there are houses available.

Transportation 370

Transportation Law Investing Investors 370

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.

Mortgage 349

Mortgage Government Contracts Insurance 349

Realtor

APRIL 14, 2021

Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In In this market, we are seeing a lot of appraisal gaps being written into contracts. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

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.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

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. Meanwhile, high-profile online presence is a must while offering seller financing is a plus. A good lawyer will see them coming.

Development 69

Development Sellers Legal Home Value 69

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 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

Marketing Real Estate Appraisal Sellers 221

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?

Marketing 372

Marketing Investing Mortgage Investors 372

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.

Agents 36

Agents Sellers Realtors Buyers 36

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. Sometimes distant relatives—or an ex-spouse—may surface with a claim that they actually own the home, and that the seller had no right to sell it to you in the first place. Clear the title.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Housing Wire

JANUARY 27, 2022

Even though the cap was suspended in September of 2021, the wheels were already set in motion for larger lenders, particularly nonbanks, to convert their agency loan-sale pipelines to favor swap transactions with government-sponsored enterprises (GSEs) Fannie and Freddie. You have to get a different kind of contract.

Mortgage 348

Mortgage Investors Finance Contracts 348

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. Without the intense competition, sellers have to be more flexible in pricing.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Realtor

APRIL 14, 2021

Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In In this market, we are seeing a lot of appraisal gaps being written into contracts. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Eppraisal

JULY 21, 2023

Let's examine the current status of rent-to-own agreements and explore whether they remain a viable option for both buyers and sellers. As property prices soared in many regions, sellers are less inclined to offer rent-to-own options. One of the primary reasons for this decline is the revitalization of the housing market.

Real Estate 36

Real Estate Sellers Investors Finance 36

Will Springer Realtor

FEBRUARY 13, 2024

We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. higher than January 2023. fewer (1842) than on Jan.

New Listings 54

New Listings Buyers Inventory Lending 54

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 The advantages of an all-cash deal are several: - Sellers are more open to a lower price with cash-only offers. Why does this matter?

Development 36

Development Finance Sellers Home Value 36

Appraisal Today

FEBRUARY 9, 2024

The government and those that write the rules have made it illegal (a punishable violation) to refuse an appraisal assignment in an area which consists primarily of non-whites. That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 5/1 ARMs decreased to 6.14

Appraisal 79

Appraisal Contracts Insurance Construction 79

Movoto

MARCH 25, 2024

Think of getting pre-approved for a mortgage as a kind of stamp of approval: it shows sellers you’re a serious contender with the financial backing to buy their home. For self-employed individuals or freelancers, most written work contracts should suffice. Identification (valid government ID). Produce a counteroffer.

Mortgage 36

Mortgage Real Estate Agent Sellers Real Estate 36

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An agent does a floorplan scan when they make a listing. An offer comes in at 5 p.m.

Appraisal 409

Appraisal Inspection Real Estate Agent Training 409

Genworth MI Blog

AUGUST 31, 2022

Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78