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Nearly half of home sellers are offering concessions
According to Redfin, 44.4% of home sales between January and March included concessions such as money toward repairs and closing costs.
Innovative small brokers share their thoughts on CCP
While smaller brokerages may have large market shares in their strongholds, they are still concerned about a weaker Clear Cooperation Policy.
Why VA mortgage loans go to the bottom of the stack
“The reason we would do a VA loan is because it’s better; it’s a benefit they’ve earned,” said one LO. “Then they find out none of the sellers are accepting them.” HW+ Premium Content
Top CFPB official “hates” QM rules, jeopardizing safe harbor
A top CFPB official in charge of the rule-making process has heavily criticized the agency’s own qualifying mortgage rule, jeopardizing safe harbor. HW+ Premium Content
What a dismal jobs report means for the housing market
April’s U.S. jobs report on Friday was dismal at just 266,000 new jobs, but economists say they’re not worried about the housing or mortgage market. HW+ Premium Content
