Housing Wire
SEPTEMBER 7, 2023
“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.
Housing Wire
MAY 3, 2023
Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. The legal threat that looms largest is what’s known as the “Moehrl case.”
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Housing Wire
MARCH 15, 2024
Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals.
PennyMac
DECEMBER 22, 2020
The lender initiates legal proceedings against the borrower to foreclose on the property. In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Foreclosure. 10 Steps to Buying REO Properties.
Appraisal Today
MAY 10, 2024
The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.”
Housing Wire
AUGUST 31, 2022
For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending. Source: Bureau of Labor Statistics, Mortgage Bankers Association.
Housing Wire
APRIL 13, 2022
Since 2016, legal immigration growth has declined by 40%. Increasing the supply of legal immigrant construction workers would accelerate economic growth. While home inventories remain low, the prospects for first-time buyers diminish. Prices continue to rise.
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