Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 417

Real Estate Brokerage Valuation Contracts 417

Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The stock car team is also accusing EPM of breaching the contract by failing to make more than $4 million in sponsorship payments following a “margin call” from its investors.

Legal 379

Legal Contracts Lending Loan Officers 379

Housing Wire

AUGUST 4, 2021

“Thirty-year mortgage rates dropped below 3% in our survey for the first time since February, presenting an opportunity for many homeowners who have not yet refinanced to lower their rate and payments,” he said. ” The refinance share of activity of total mortgage applications increased slightly to 67.6% from 67.5%

Contracts 475

Contracts Mortgage Inventory Marketing 475

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? An appraisal gap clause can be written into a contract. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.

Appraisal 397

Appraisal Market Value Contracts Buyers 397

Housing Wire

FEBRUARY 14, 2024

Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform. Visit Coffee & Contracts 2. Don’t try to do everything or be everything to everyone!

Real Estate Agent 417

Real Estate Agent Real Estate Agents Luxury Properties 417

Housing Wire

MARCH 26, 2024

Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. On March 22, Moulder, who worked with Keller Williams from 2002 to 2011, filed a complaint aiming for class-action status in the U.S. District Court for the Western District of Texas in San Antonio.

Brokerage 497

Brokerage Legal Agents Realty 497

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. Presented by: Truework. and West (96.9)

Inventory 497

Inventory Contracts Housing Market Buyers 497

Housing Wire

NOVEMBER 18, 2020

Presented by: TeamworkIQ. Here’s how they can. Here is a more detailed breakdown of this week’s mortgage application data: The USDA share of total mortgage applications increased to 0.5% Here is a more detailed breakdown of this week’s mortgage application data: The USDA share of total mortgage applications increased to 0.5%

Mortgage 469

Mortgage Contracts Marketing 469

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If Presented by: Evocalize. All four major U.S.

Contracts 395

Contracts Realtors Inventory Marketing 395

Housing Wire

FEBRUARY 27, 2024

loanDepot is accused of negligence, breach of contract and unjust enrichment, among other allegations. Customers filed several class-action lawsuits following the cyberattack, claiming they were “placed in an imminent and continuing risk of harm from fraud, identity theft, and related harm caused by the data breach.”

Contracts 437

Contracts Insurance Mortgage Marketing 437

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. In addition, the contract stipulated that agents must join their local Realtor association.

Law 427

Law Agents Realtors Contracts 427

Housing Wire

MARCH 31, 2021

Presented by: Angel Oak. The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.29% from 3.35% — the first decrease in three weeks The average contract interest rate for 15-year fixed-rate mortgages decreased to 2.71% from 2.72% The average contract interest rate for 5/1 ARMs increased to 2.85% from 2.79%.

Mortgage 427

Mortgage Contracts Inventory Lending 427

Housing Wire

SEPTEMBER 22, 2022

Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. In exchange, the homeowner inks a contract providing the company with a slice of the homeowner’s future equity. billion have been completed involving HELOCs as collateral.

Marketing 383

Marketing Contracts Finance Home Value 383

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. Presented by: WFG. Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. pending home sales slid for the third consecutive month in November, dropping 2.6%

Contracts 533

Contracts Inventory Realtors Government 533

Housing Wire

MAY 11, 2022

Presented by: RMF. The average contract interest rate for 30-year-fixed mortgages with conforming loan balances ($647,200 or less) rose to 5.53% this week from the previous week’s 5.36%.

Mortgage 427

Mortgage Contracts Retail Buyers 427

Housing Wire

SEPTEMBER 23, 2022

Eghbal “Eddie” Saffarinia, 62, of Alexandria, Virginia, perpetrated a scheme to conceal key facts, including the extent and nature of his relationship with a “personal friend” who was the owner and CEO of an information technology company, according to court documents and evidence presented a trial.

Government 395

Government Development Contracts Technology 395

Housing Wire

FEBRUARY 8, 2023

When the “non-neutral use or presentation of information has the effect of steering the consumer to use,” thus constituting referral activity, and when the operator receives a “payment or other thing of value” that is, at least in part, for the referral activity, a mortgage comparison site will be hit with a prohibited referral fee, the CFPB stated.

Mortgage 370

Mortgage Real Estate Contracts Development 370

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. Presented by: Auction.com.

Inventory 417

Inventory Renovations Contracts Buyers 417

Housing Wire

JULY 12, 2022

Presented by: ServiceLink. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation. Unison also shares some of the downside if the property loses value over the course of the contract.

Contracts 383

Contracts Investing Real Estate Investors 383

Housing Wire

NOVEMBER 23, 2022

MBA estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) fell to 6.67% from the previous week’s 6.90%. Presented by: Teraverde. The average contract interest rate for 5/1 ARMs increased from 5.73% to 5.78% in the same period, reducing borrowers’ appetite for the product.

Mortgage 395

Mortgage Contracts Retail Lending 395

Housing Wire

MARCH 9, 2023

LoanCare , which services loans for banks, credit unions, independent mortgage companies and portfolio investors, also renewed its contract for Black Knight’s mortgage service software MSP, which includes the system’s abilities to integrate with technologies and data, regulatory updates, and client-owned data protection. Black Knight, Inc.

Clients 370

Clients Investors Contracts Technology 370

Housing Wire

APRIL 19, 2023

The couples initially sued the lender in October 2022 on seven counts, including breach of contract, negligence and fraud. In his ruling, Judge Leeson said that termination of the mortgage process is not a breach of contract and lenders do not owe a duty of care to borrowers. in March and April of 2022,” the suit said. of the U.S.

Contracts 383

Contracts Lending Mortgage Legal 383

Housing Wire

NOVEMBER 27, 2023

Davis’ original complaint stated that after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers.

Technology 487

Technology Agents Training Realty 487

Housing Wire

AUGUST 31, 2023

According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd.

Contracts 407

Contracts Brokerage Business Training 407

Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. Despite all the challenges that were presented by the market in 2023, we prioritized growing our assets under management, which ended the year at $145 billion.” Servicing fee income rose to $132.5 million in the previous quarter. “In

Legal 417

Legal Contracts Marketing Mortgage 417

Housing Wire

JANUARY 27, 2021

Presented by: FundingShield. Wire fraud threats have greatly increased since the COVID-19 pandemic began. Using Consumer Wire Account Verification Service protects consumers when wiring down payments and allows lenders to process loans safely. Kan noted that the unadjusted purchase index was still 16% higher than the same week one year ago.

Mortgage 321

Mortgage Contracts Government Inventory 321

Housing Wire

NOVEMBER 7, 2023

Present to your buyer clients just like you would in a listing presentation. Be one step ahead of the process once they’re under contract. Goal: Provide such overwhelming value that you’re all they’re talking about to their friends! Repeat, referral, lather, rinse and repeat. Overcommunicate.

Clients 427

Clients Buyers Real Estate Agent Real Estate 427

Housing Wire

JANUARY 4, 2024

” “Presentation within the listing discussion of the option of the seller not to pay the buyer agent per our state’s new contract.” Some comments include: “Defining services offered and compensation charged for applicable services.” ” “Transparency in commission structure.”

Brokerage 417

Brokerage Real Estate Training Buyers 417

Housing Wire

NOVEMBER 16, 2021

Presented by: ServiceLink. As part of that effort, Redwood Trust has partnered with Palo Alto, California-based Point , a fintech firm that markets a product called a home-equity investment contract, or an HEI. Learn about the tools lenders should leverage to streamline home equity title and closing. Approximately 24.9%

Investors 406

Investors Marketing Contracts Investing 406

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Presented by: Weichert.

Renovations 383

Renovations Real Estate Construction Contracts 383

Housing Wire

AUGUST 31, 2022

So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients. Rather than taking hours, the geniusprice platform is allowing agents to do pricing estimates much more quickly – even in less than five minutes.

Agents 370

Agents Real Estate Technology Clients 370

Housing Wire

DECEMBER 4, 2020

However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon. Presented by: Xome. “I Especially when contract interest rates for refis are below 3%.

Mortgage 509

Mortgage Contracts Construction Inventory 509

Housing Wire

NOVEMBER 17, 2023

In the video cited, Blefari discusses commission negotiation with trainees, stating: “[W]hen homesellers saw that I had written a 6% commission into the contract, and would ask, ‘Gino, but aren’t commissions negotiable?’ I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

Training 417

Training Realtors Agents Real Estate 417

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% Presented by: Fannie Mae. Pending home sales looks specifically at contracts that have been signed but where the transaction has not closed on sales of already existing inventory. pending home sales fell 1.1% compared to a year ago.

Realtors 533

Realtors Inventory Contracts Development 533

Housing Wire

APRIL 15, 2024

“With buyers who are asking I explain the situation and let them know that there could be a strong possibility they would need to pay a percentage if not all of the commission agreed upon to me as their buyers’ agent and that we need to enter into a contract.”

Inventory 417

Inventory Agents Real Estate Sellers 417

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. “It is important to get that notice out up front, and this contract is now going to make that a little bit more clear.

Contracts 36

Contracts Real Estate Sellers Buyers 36