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Stop losing deals: Ask ‘why?’ to find buyers who won’t back out

USA Real Estate News-Inman - Mon, 2025-11-10 19:09
Asking the right questions that start with “why” can reveal your buyers’ true motivations and keep contracts from falling apart, writes broker Annette DeCicco.

Mortgage giants ‘very close’ to accepting new FICO score

USA Real Estate News-Inman - Mon, 2025-11-10 16:29
FHFA Director Bill Pulte says his agency is currently reviewing a potential deal with Fair Isaac to allow lenders to use the more inclusive FICO Score 10 T when submitting loans to Fannie Mae and Freddie Mac.

Great Minds Think (About Real Estate) Alike: Arizona Team Says Trust in Each Other Is Key to Success

USA Real Estate News-RISMedia - Mon, 2025-11-10 15:37

Above, from left, Lisa O’Brien and Carrie Mellon Arizona real estate agents Lisa O’Brien and Carrie Mellon had never met before that fateful time in 2019, when O’Brien had a seller, Mellon had a cash buyer, and they closed the deal in a record six days. “It was amazing from the beginning how much we…

The post Great Minds Think (About Real Estate) Alike: Arizona Team Says Trust in Each Other Is Key to Success appeared first on RISMedia.

Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers

USA Real Estate News-Inman - Mon, 2025-11-10 15:13
The Trump administration says it's also looking at assumable mortgages and "ways to give relief" on 5- and 10-year mortgages, after mortgage and financial planning experts pan 50-year mortgages as a bad deal for homebuyers.

Fannie Mae Lifts Minimum Credit Score on Desktop Underwriter Loans

USA Real Estate News-RISMedia - Mon, 2025-11-10 14:32

Government-sponsored enterprise (GSE) Fannie Mae employs an automated Desktop Underwriter (DU) system. Now, with a recent change in policy, lenders will face one less hurdle in giving loans out processed through the system. Previously, the DU system required that a borrower have a minimum credit score of 620 (or a cumulative minimum of 620 for…

The post Fannie Mae Lifts Minimum Credit Score on Desktop Underwriter Loans appeared first on RISMedia.

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