Large brokerage mergers will lead to a larger company for high-end boutique companies

The real estate sector again gets the headlines with mergers and acquisitions that are designed to form massive conglomerates to pursue a larger market share. These Headline-Grabbling Movements embody a philosophy of ‘quantity above quality’, reflected in their average prices sold ranging from $ 500,000 to $ 800,000. The average price sold of our company […]

ClosingLock introduces Fincen AML Compliance Tool

The solution is immediately available for all ClosingLock customers without extra costs. After an extension was announced on Tuesday, the new rule will be in force in March and will require title and settlement companies to collect information about certain non-financeed residential closures, which represent approximately one in 10 national transactions. Control provisions were previously […]

Fannie and Freddie see a few loan requirements in the midst of closing

Fannie Mae And Freddie Mac Delete some requirements for lenders because of the potential inability to confirm income, reserves, tax and social security information from borrowers in the midst of the delay in government activities. Their guidance remains in force until the operations are completely resumed. Freddie said it will “follow the situation” and can […]

Housing industry is ‘particularly vulnerable’ for the effects of government closure

Industry leaders warn that unless the congress acts quickly to restore NFIP, buyers and sellers in flood -sensitive areas can have with canceled closures, higher costs of the money insurance or in some cases the loss of financing total. “Real estate transactions are especially vulnerable during a government closure and the stability of NFIP is […]