Housing Wire

MARCH 28, 2024

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are asking federal housing officials to confirm their treatment of interested party contributions (IPCs) to home purchase transactions. Sellers or buyers can pay the buyer’s agent’s fees. NAR also sent a letter to the U.S.

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Real Estate Agent Sellers Buyers Agents 399

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario?

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Will Springer Realtor

NOVEMBER 21, 2023

For those seeking an alternative route to homeownership, wraparound mortgages may just be the answer. A wraparound mortgage is a financing method that allows consumers to buy a property without securing a traditional mortgage. It starts with the current homeowners and their existing mortgage. Flexible Terms.

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Mortgage Legal Sellers Buyers 65

Housing Wire

SEPTEMBER 13, 2023

Gavin Newsom of California on Tuesday received a senate bill legalizing remote online notarizations ( RON ). The senate bill, introduced by State Senator Anthony Portantino, would allow homebuyers, sellers and borrowers to close their home purchase or refinance transactions remotely. He has until Oct. 14 to act on it.

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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 1, 2024

Former NEXA Mortgage president Mat Grella has accused his partner at the firm, Mike Kortas, of making aircraft-related purchases with company money without his consent, resulting in his “abrupt” termination from the company. I had some concerns about where our focus was because it had shifted away from mortgages and more on aviation.

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Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Rajesh Bhat serves as a Board Director of The Mortgage Office.

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Housing Wire

NOVEMBER 28, 2023

Decades ago, zoning laws were used to legally segregate local communities based on race. Smaller lot sizes mean more units can be built, and legalizing accessory dwelling units (ADUs) makes more efficient use of already-existing homes. The Fair Housing Act made the explicit segregation of communities by race illegal.

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Housing Wire

APRIL 22, 2024

Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. However, before firms can begin to dive into the financial side of the deal, prospective buyers and sellers must figure out if they are a match.

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Brokerage Real Estate Agents Sellers 337

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. There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

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Buyers Agents Loan Officers Real Estate 369

Housing Wire

OCTOBER 27, 2023

The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider. The seller normally pays on the West Coast. It’s important the buyer asks how the closing/settlement will be handled.

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Insurance Real Estate Buyers Real Estate Agent 488

Eppraisal

FEBRUARY 14, 2024

Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. While the specific expenses may vary depending on factors such as location and the type of mortgage, both buyers and sellers can expect to incur closing costs when completing a property sale.

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Sellers Buyers Property Taxes Real Estate Agent 36

Housing Wire

MAY 13, 2024

Goodwin Procter , a global law firm, acted as legal adviser for the deal, but further terms were not disclosed. By the end of the year, EasyKnock aims to integrate all of its products and services into a single platform, creating a one-stop shop for financial solutions that serves homeowners, buyers and sellers across the country.

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Housing Wire

OCTOBER 25, 2023

It’s a negotiation with the seller.” However, Blefari said that those are just ranges, and he cited appraisal fees being waived or points on the mortgage as reasons why commission fees could change. However, he said this might not be in the best interest of the seller. “The value I add, I believe, is worth 6%.

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Sellers Realtors Agents Buyers 382

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. A legal battle impacted fourth-quarter earnings. million, compared to a gain of $92.87

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Technology Legal Mortgage Contracts 334

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

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Real Estate Law Inspection Agents 452

Housing Wire

APRIL 23, 2024

a brokerage that lists and markets properties for sellers, allowing them to decide if they wish to compensate the buyer’s broker. Is that in the seller’s best interest? Equally important as having these conversations with sellers is to have them with buyers about what agents can offer them. O’Koniewski said.

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Brokerage Sellers Buyers Agents 288

Housing Wire

JANUARY 11, 2024

There was industry-wide shock when the Missouri jury found NAR, Keller Williams and HomeServices of America liable for colluding to artificially inflate real estate agent commissions.

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Real Estate Agent Real Estate Buyers Agents 417

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Like the other commission lawsuits, the Parker suit alleges that the defendants colluded “to impose, implement, and enforce anticompetitive restraints that cause home sellers in Florida to pay inflated commissions in connection with the sale of their homes.”

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Realty Realtors Brokerage Real Estate 410

Housing Wire

OCTOBER 27, 2023

Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner. They coordinate with lenders and research mortgage rates and terms. These local MLS broker marketplaces work in favor of consumers every day. Real estate agents know city and county property taxes.

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Real Estate Agent Real Estate Realtors Buyers 454

Housing Wire

MARCH 22, 2021

For mortgage brokers looking to make the jump to mortgage banking, non-delegated lending is the perfect way to build the resume they need on their journey to a fully delegated, agency-approved seller and servicer.

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Business Lending Investors Sellers 414

Housing Wire

JANUARY 26, 2024

Lamacchia also stressed that it is impossible to claim that the system is rigged because sellers can choose how much compensation they offer the buyers’ broker, or whether they even want to offer cooperative compensation. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to.

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Realtors Law Agents Real Estate 401

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

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Law Legal Technology Real Estate 431

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process. When Do I Need an Attorney?

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Real Estate Legal Law Contracts 70

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

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Buyers Sellers Finance Contracts 333

Housing Wire

JULY 28, 2022

HousingWire: As mortgage forbearance programs come to an end, how should at-risk homeowners deal with potential foreclosure? The borrower’s equity can be further eroded by legal and other fees. Their bank or mortgage servicing company will be a great source of information, presenting options to assist the borrower.

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Real Estate Sellers Mortgage Legal 344

Housing Wire

SEPTEMBER 30, 2020

Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. In these four quadrants we service conforming and government mortgages, small balance commercial loans and private securities.

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Mortgage Investors Business Human Resources 350

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. I have had agents tell me, ’You’re not getting any of my mortgage business anymore,’ he said. according to the company.

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Real Estate Agent Loan Officers Real Estate Agents 396

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

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Contracts Tenants Legal Sellers 143

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. Barton also touched upon the terms of NAR’s settlement agreement.

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Agents Real Estate Contracts Real Estate Agent 330

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the seller is eager to sell the property, they might lower the listing price to match the appraisal. On the other hand, the seller might disagree with the appraisal and refuse to negotiate.

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Inspection Appraisal Buyers Appraisal Process 422

Housing Wire

MARCH 29, 2024

Additionally, Wang wrote in his complaint that as a repeat buyer, he did not rely on his agents for advice or recommendations on inspectors, contractors, mortgage brokers or electricians. The plaintiff also claimed that the agents and brokers he worked with falsely advertised that they would represent him for free as a buyer.

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Advertising Real Estate Realtors Buyers 387

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! Again, this is a legal document that needs to be done right!

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Real Estate Sellers Legal Inspection 77

Housing Wire

OCTOBER 2, 2022

United Wholesale Mortgage (UWM) CEO Mat Ishbia announced three initiatives for brokers at AIME Fuse on Saturday. Consumers will pay more in the long run by taking on additional risk and losing the legal defense obligation of the title company in a title dispute.

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Insurance Legal Buyers Real Estate 294

Housing Wire

MARCH 24, 2022

A HUD spokesperson denied the department has any intention of eliminating the use of these programs with FHA-insured mortgages. Leaders of the tribes wrote that HUD had not met its legal obligation to consult with them before the proposed rule. They voiced their concerns in a March letter to HUD Sec. Marcia Fudge.

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Government Finance Insurance Development 379

Housing Wire

DECEMBER 18, 2023

In the seven-minute interview, Kasper addressed the commission lawsuits and the overall housing market , telling Evans that the projected decline in mortgage rates in 2024 is good news for the real estate industry. “We Despite the good news surrounding mortgage rates, Kasper said the inventory shortage will still be an issue in 2024. “We

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Real Estate Realtors Buyers Real Estate Agent 405

Housing Wire

MARCH 28, 2024

Then, they think about the mortgage : a good rate, good monthly payments, and approval. Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. Then, they might become hopeful. It doesn’t lend itself to a 24-hour cycle.

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HOA Property Management Real Estate Agent Technology 403