Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 479

Buyers Mortgage Real Estate Agent Contracts 479

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. That rate is up from 14.3% This price was 2.8%

Buyers 421

Buyers Mortgage New Listings Real Estate Agent 421

Housing Wire

MAY 17, 2024

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. In just the past year, the Department of Justice has called for a full dislocation of real estate agent commissions between sellers and buyers, and new appraisal bias protections have been set up.

Lending 457

Lending Real Estate Agent Contracts Government 457

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. Meadow has 25 years of mortgage industry experience. The consumer has 90 days to then close of the sale of their prior home.

Contracts 410

Contracts Real Estate Agent Tenants Retail 410

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. There are many things that take place once you go under contract on a home.

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

AUGUST 10, 2022

Mortgage demand remained relatively flat last week amid volatility in mortgage rates in recent weeks. The market composite index , a measure of mortgage loan application volume, rose a marginal 0.2% for the week ending August 5, according to the Mortgage Bankers Association (MBA). Presented by: 1000watt.

Mortgage 370

Mortgage Real Estate Agent Retail Contracts 370

Housing Wire

JANUARY 26, 2022

For the next two months, United Wholesale Mortgage (UWM) will credit borrowers up to $600 for their appraisal costs, the lender said in a statement Wednesday. According to the Pontiac, Michigan-based lender, the credit will be available on all primary purchases, including jumbo mortgages. The offer will run from now until March 31.

Appraisal 384

Appraisal Real Estate Agent Real Estate Appraisal Process 384

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. But a senior HUD official in mid-July stated the obstacles to providing small-dollar mortgages, instead of giving solutions.

Mortgage 384

Mortgage Finance Lending Development 384

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 441

Mortgage Renovations Appraisal Process Finance 441

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 384

Mortgage Loan Officers Government Buyers 384

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Realtor

OCTOBER 16, 2023

“It’s very important for first-timers to do research and understand all their options before they start looking for a home,” says Cara Ameer , a real estate agent with Coldwell Banker who is licensed in California and Florida. Here are some common blunders homebuyers make when attempting to secure a mortgage.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

MARCH 1, 2023

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

Real Estate Agent 370

Real Estate Agent Technology Open Houses Loan Officers 370

Housing Wire

MAY 20, 2022

A professional appraiser or real estate agent can help you figure out how much to list your home for. There are many moving pieces to the economic part of the real estate industry that are unpredictable and uncontrollable. The mortgage company will report your debt paid as agreed. Hire a Real Estate Agent.

Real Estate Agent 410

Real Estate Agent Tenants Real Estate Agents 410

Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

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Lending Mortgage Inventory Business 450

Housing Wire

APRIL 22, 2024

“If you’re a brokerage, and you don’t have a team model within your brokers, I would actually use that starting today because you’ll generate a lot more profit from that team than you will with the independent agents,“ Djon said. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

Brokerage 421

Brokerage Real Estate Realtors Real Estate Agent 421

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. Should the buyer breach the contract (e.g., auctions, cash sales, etc.): Parties Involved.

Contracts 36

Contracts Real Estate Property Taxes Legal 36

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. A mortgage rate lockdown freezes the housing market. over asking price. High octane stuff. “The

Housing Market 527

Housing Market Marketing Real Estate Agent Real Estate 527

Housing Wire

MAY 1, 2024

During the first quarter of 2024, Zillow recorded revenue growth across all sectors of its business, including a 31% annual jump in its rentals revenue to $97 million and a 19% year-over-year increase in its mortgage revenue to $31 million. million real estate license holders, many handle only one or two transactions a year.

Agents 440

Agents Real Estate Contracts Real Estate Agent 440

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. But mortgage rates increased faster than at any point in history. On Tuesday, the other shoe dropped.

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Offer them solutions to get a better-than-average mortgage rate. This is where being proactive matters. Overcommunicate.

Clients 432

Clients Buyers Real Estate Agent Real Estate 432

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. I don’t see that changing until mortgage rates increase, which will likely happen later this year. Asking prices also reached an average of $361,875, another record high.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 For brokerages – and agents themselves – transaction sides and sales volume are easy ways to measure productivity.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Brokerage 421

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. All of these action items are things that professional, experienced real estate agents should practice already. This is how repeat and referral business happens.

Clients 432

Clients Real Estate Inspection Buyers 432

Housing Wire

NOVEMBER 29, 2023

is a go-to for real estate agents aiming to boost their marketing with eye-catching postcards. Forming partnerships with mortgage brokers can be mutually beneficial. It’s perfect for real estate agents looking to connect with a large audience personally. ProspectsPLUS!

Real Estate 410

Real Estate Buyers Tools Real Estate Agent 410

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. These documents are required nationwide and title and real estate agents have access to standard templates from ALTA.

Insurance 408

Insurance Real Estate Agent Brokerage Agents 408

Housing Wire

OCTOBER 23, 2020

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. Contracts during this time also skyrocketed 62%. And, since early July to now, it’s just getting very busy.”. Presented by: NAMB.

Housing Market 536

Housing Market Marketing Real Estate Agent Real Estate 536

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers. in the second year.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

DECEMBER 9, 2022

What does it mean for mortgage companies? Profitability is likely to remain very constrained well into 2023, until excess origination capacity in the industry declines materially,” Moody’s analysts said in a recent report on nonbank mortgage finance companies. . GDP is projected to decline 1.3% A 25% cut at UpEquity.

Real Estate 397

Real Estate Advertising Real Estate Agent Investors 397

Housing Wire

NOVEMBER 24, 2021

From injecting technology into the mortgage process to redefining the real estate agent and home shopper relationship, these leaders have laid the foundations for millions of homeowners. The first one is Jonathan Corr, who was the executive that hired me at Ellie Mae and brought me into the mortgage business.

Mortgage 396

Mortgage Technology Real Estate Contracts 396

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. More for Real Estate Enthusiasts. 5 reasons to refinance your mortgage right now. Your real estate agent can help if you decide to go this route. The purpose? They want to verify the home’s worth.

Appraisal 458

Appraisal Real Estate Agent Sellers Real Estate 458

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. I think listing agents are going to win. Fannie Mae, Freddie Mac and the U.S.

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Realtor

SEPTEMBER 13, 2023

Order a second appraisal “Most often, if the appraised value is not as high as the agreed (contract) price, the seller’s agent will ask to see the comps and get a second or third appraisal,” Saatchi says. Occasionally, real estate agents or sellers will foot the bill if they really want to keep the sale.

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

FEBRUARY 24, 2023

There are many companies that specialize in professional education and career training that could benefit from your experience in the housing industry.

Loan Officers 384

Loan Officers Real Estate Agent Real Estate Agents 384

Will Springer Realtor

OCTOBER 19, 2021

Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). housing market is 7% of all mutually accepted contracts. and “shoot!”

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41