DC Attorney General Brian Schwalb found that four title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3 million. Continue reading
Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac’s federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance. Continue reading
Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. Continue reading
SingleSource Property Solutions and Voxtur launch an alternative to title insurance that’s designed with Fannie Mae and Freddie Mac’s new guidelines in mind. Continue reading
Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading
The deal is expected to close in the third quarter if it receives regulatory approvals and meets “customary closing conditions.” Continue reading
In low-inventory, ultra-competitive markets like the one we’re currently experiencing, buyers and their agents are coming up with a host of creative contract terms to help sway sellers. Here are a few. Continue reading
Although the real estate market is red-hot, we can improve our buyers’ odds by presenting a deal that directly helps the sellers. Addressing price, time, convenience and certainty can position our buyers to win the home, and building relationships with… Continue reading
Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey by the National Association of Realtors. Continue reading
There’s no rhyme or reason in the world why the homebuying and selling process should be so archaic, inefficient and painful for consumers. Whoever can race to address these issues first will dominate the future of the real estate business. Continue reading