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Top News In Servicing Guide Today - Breaking & Trending Today

Servicing, Non-QM DSCR, RON Products; Freddie and Fannie News; Rate Cut Outlook

Here in the Hill Country near Austin, Texas, there’s an active market of sellers and buyers of real estate. It is a safe bet that most use agents; around 90 percent of buyers use them, and Clever released data on average real estate commission rates in the U.S. as they stand now. Clever found that on the median-priced home of $431,000, the average U.S. home seller pays real estate commission fees of about $23,662. In a survey of 630 partner agents, the average real estate commission rate in the U.S. is 5.49 percent, divided between the listing agent (2.83 percent) and the buyer's agent (2.66 percent). The average commission rate rose from 5.37 percent in 2023. Most real estate agents typically work within a range of 2.5 percent to 3 percent. Several key factors influence this, such as property value, client relationship & circumstances, sale complexity, services provided, and market conditions. Hawaii is home to the lowest average real estate commission rate ....

United States , West Virginia , Greg Faranello , Freddie Fannie , Freddie Mac , Josh Neumarker , Montell Watson , Nicole Perrone , Ken Larsen , Closing Exchange , Fannie Mae , Movement Mortgage , Key At Movement , Appraisal Network , Banner Bank , Federal Reserve , Mortgage Technology , Broker Program , Hill Country , Cross Country Mortgage , Broker Products , Design Events , Visio Lending , Account Executive , Co Founder Bill Decker , Amerivet Securities Head ,

2nd, HELOC, Automation, Homeowner Portal Products; Conforming Conventional News; STRATMOR Ops Workshop

Yesterday’s Commentary had a note about Atlantic Bay’s “LinkedIn traffic picking up.” I have been assured by Atlantic Bay’s CEO that the company continues to enjoy its 27 years in business and will remain independent! I apologize for any confusion yesterday’s note caused, and the Commentary continues. The conference in New Orleans also continues, with talk of repurchases, credit & verification costs skyrocketing (you’ll see it on your February 1 CRA invoice), and how servicing income “saved the bacon” of many a lender in 2023. The average elevation of New Orleans is 20 feet. Are you going to want to service, or insure, properties on the East Coast that are not only experiencing rising sea levels but also are sinking by a third of an inch a year? “Affecting more than 2 million people and 800,000 properties on the East Coast.” During a 30-year mortgage that’s “only” ten inches. ( ....

United States , Peter Sandler , Freddie Mac , Loancare Eric Seabrook , National Production John Wise , Home Loan Bank , Broker Services , Community Financial Institutions , Department Of Labor , Fannie Mae , Housing Finance Agency , Access Program , Atlantic Bay , New Orleans , East Coast , Loancare Analytics , Eric Seabrook , Compliance Newshub , Underwriter Automation , Cino Customer , Listing Flyers , Loan Automation , Best Offer Wizard , Virtual Loan Officer , Correspondent Loan , Olympic Fixed Second ,

Vendor and Lender Tools; Agency News; 2023: Hottest Year on Record

Is it just my imagination or do restaurants no longer have salt and pepper shakers on the tables after COVID? Is it just my imagination or do organizations with initials that begin with “N” have trouble keeping their leadership? In August of 2023 the chief of NAR resigned, last week it was the NRA, and this week it is NAR’s turn again, this time losing Tracy Kasper to blackmail! Meanwhile, keeping on with real estate news, and realizing that anyone can sue anyone, news came out after Christmas that Zillow, which also owns Zillow Home Loans, is suing rivals over software that schedules property showings.  Agency news Freddie Mac (FHLMC) and Fannie Mae (FNMA) still have the lion’s share of the applications coming through lenders. What’s going on with their conventional conforming products? Fannie Mae SVC-2023-06 December Servicing Guide update advises large non-depository sellers/servicers of updates to the frequency of financial ....

United States , Shasta County , Fannie Mae , Peter Sandler , Jerry Mccoy , Wood Dragon , Chris Sabbe , Orleans Jan , Richard Plummer , Tracy Kasper , Tani Lawrence , Freddie Mac , Business Development , Bank Statement , Union Pacific , Zillow Home Loans , Servicing Guide , Uniform Loan Delivery Dataset , December Appraiser Quality Monitoring , Rental Income , Self Employed Borrowers , Home Mortgage Announcement , Amerihome Mortgage Disaster Announcement , Business Optimism Index , Fed Vice Chair , New Year ,