Housing Wire

APRIL 15, 2024

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

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Buyers Agents Real Estate Agent Sellers 527

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.

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Real Estate Agent Sellers Buyers Agents 430

Housing Wire

SEPTEMBER 13, 2023

It 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. The platform advertises sellers listing to qualified buyers. in March, is also listed as a senior advisor. So why is this program so rare?

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Housing Wire

NOVEMBER 15, 2023

The wholesale lender will cover up to $600 of the appraisal cost on all conventional and government-backed home loans until March 31 when a broker uses UWM’s 1-0 temporary rate buydown. The escrow account is funded by either the seller, builder or lender via a lump-sum payment at closing.

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Appraisal Real Estate Agent Sellers Government 403

Housing Wire

FEBRUARY 21, 2024

Wood wrote on Tuesday that home sellers were “better suited to seek injunctive relief.” billion Sitzer/Burnett verdict , in which the National Association of Realtors (NAR), Keller Williams and HomeServices affiliates were found to have conspired to inflate or stabilize commissions paid by sellers. “To

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Brokerage Realtors Real Estate Law 363

Housing Wire

APRIL 30, 2024

AARP concerns “FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” HUD said in its update to the policy. Certner cited fair lending concerns and the potential of undue borrower influence.

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Mortgage Real Estate Agent Sellers Construction 349

Housing Wire

NOVEMBER 8, 2023

Citing the research, Kasper added that there is “no need to have federal government involvement in a practice that each state knows how to handle best. The proposed FEMA form would not be useful to buyers and duplicative for sellers, virtually having them check the same box on a different form.” 17 unless Congress acts.

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Housing Wire

MAY 14, 2024

In addition to sharing his thoughts on the housing market and macroeconomic landscape, Nolan also had some things to say about the recent title insurance proposals announced by the federal government. In addition, we are our first line of defense in helping protect buyers and sellers from real estate and wire fraud.

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Insurance Real Estate Sellers Housing Market 419

Lamacchia Realty

MARCH 21, 2024

March 20, 2024 – Anthony Lamacchia was recently featured in Bloomberg Government regarding the National Association of REALTORS® Buyer Commission lawsuit. Anthony continues to advocate for REALTORS® and home buyers and sellers alike by speaking out.

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Government Realtors Buyers Realty 53

Housing Wire

NOVEMBER 10, 2023

On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws. is safe from a commission lawsuit.

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Real Estate Brokerage Sellers Law 458

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

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Sellers Buyers Real Estate Contracts 424

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

OCTOBER 18, 2023

. “We’re hoping to have a final policy [for the payment supplement partial claim] out before the end of the year, although I will say keep your fingers crossed that we don’t face any lapse in appropriations that would shut down the government.” 14-17 in Philadelphia. ”

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Mortgage Government Insurance Tools 395

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion. “If

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Sellers Buyers Real Estate Agents 414

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices. I think it is important that we stay a step ahead of this,” Olson said. “We

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Lending Mortgage Government Finance 408

Housing Wire

FEBRUARY 26, 2024

Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount.

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HOA Law Insurance New Listings 474

Housing Wire

MARCH 18, 2024

Founded in 2007, Nations Direct Mortgage is a direct seller to Fannie Mae , Freddie Mac and Ginnie Mae , according to its website. The lender, which employs more than 250 staff, offers government mortgages, conventional mortgages and nonqualified mortgages (non-QMs). Nations Direct Mortgage had production origination volume of $1.4

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Mortgage Government Sellers Clients 416

Housing Wire

MAY 17, 2024

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.

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Lending Real Estate Agent Contracts Government 338

Housing Wire

MARCH 15, 2024

Cooperative compensation lives to see another day Under the terms of the settlement agreement, while sellers and their listing agents cannot advertise the commission they are choosing to offer the buyer’s agent on the MLS, it can still be part of negotiations between the buyer and the seller facilitated by their respective agents.

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Agents Brokerage Advertising Real Estate 439

Housing Wire

NOVEMBER 16, 2022

For a 3-2-1 rate buydown, the seller contributes a lump sum at closing, which is put in the buyer’s escrow account. Many lenders are offering temporary buydowns on government sponsored enterprise/Ginnie Mae loans, but the non-agency homebuyer has fewer options,” Bob Johnson, chief operating officer at NewRez, said in an email. “By

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Sellers Government Retail Buyers 357

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. Are commission fees a future negotiation point between sellers, buyers?

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Agents Sellers Buyers Finance 448

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Real Estate Buyers Agents Sellers 471

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

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Real Estate Agent Development Real Estate Law 441

Housing Wire

AUGUST 3, 2022

The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GSEs). How borrowers can stay afloat with home equity products during difficult economic times. Presented by: Altisource.

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Inventory Clients Government Sellers 450

Housing Wire

FEBRUARY 7, 2023

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. It also allows home sellers to receive top dollar for the home, he said. The product, known as an assumable mortgage, is not new.

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Mortgage Loan Officers Government Buyers 378

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

NOVEMBER 8, 2023

Despite continuing to allow the practice of cooperative compensation on its platform, Northwest MLS has worked with Washington state government to enact the “ Agency Law ,” which goes into effect on Jan. Instead, the trade group will require the home sellers to pay the buyer’s agent commissions directly. As of Jan.

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Housing Wire

JUNE 28, 2023

per share net to the seller in cash, without interest thereon. According to Mr. Cooper, the offer is conditioned to certain conditions, including consent from state mortgage regulators, the Government Mortgage Association , the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association.

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Sellers Government Mortgage Business 267

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. When they are involved in a transaction, the risk of litigation increases.

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Realtors Real Estate Agent Real Estate Brokerage 359

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

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Law Real Estate Real Property Contracts 323

Housing Wire

APRIL 25, 2022

Large mortgage sellers and servicers faced severe margin calls , and it took several weeks for them to get the go-ahead from the Federal Housing Finance Agency to draw on their liquidity buffers. The FHFA proposed the raft of changes for GSE sellers and servicers in February.

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Sellers Government Mortgage Finance 350

Housing Wire

NOVEMBER 19, 2020

“ Because the practices have been widely adopted by NAR-affiliated MLS networks , they are “therefore, agreements among competing real estate brokers each of which reduce price competition among brokers and lead to lower quality service for American home buyers and sellers,” the complaint alleged. .

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Real Estate Buyers Realtors Sellers 545

Housing Wire

SEPTEMBER 13, 2023

The senate bill, introduced by State Senator Anthony Portantino, would allow homebuyers, sellers and borrowers to close their home purchase or refinance transactions remotely. It found that California was one of the least equitable states in the country when it came to access to financial and government services. He has until Oct.

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Real Estate Legal Government Technology 381

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. How quickly would sellers return if rates were lower? It’s no secret that 2023 was a difficult year to buy a home.

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Inventory Sellers Mortgage Marketing 411

Housing Wire

NOVEMBER 16, 2021

NAR has worked closely with a number of agencies within the federal government to advance pro-consumer reforms like the ones we announced this week. The DOJ must be governed by principle, and NAR’s simple expectation for the department is that it will live up to its commitments. We passed these rules because it’s the right thing to do.

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Real Estate Agent Agents Sellers Real Estate 357

Housing Wire

MARCH 10, 2023

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. Impac, whose stock is under threat of being de-listed on the New York Stock Exchange , expects to be a third-party originator to support its broker model as needed.

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Mortgage Retail Design Brokerage 361

Housing Wire

JUNE 23, 2023

CCM offers a range of over 120 mortgage, refinance, and home equity solutions, including conventional and jumbo mortgages, as well as government-insured programs for veterans and rural homebuyers. The company is also a direct lender and an approved seller and servicer by Freddie Mac , Fannie Mae , and Ginnie Mae.

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Buyers Retail Loan Officers Insurance 363