Redfin, Seattle, found home sellers gave concessions to buyers in 44.4% of transactions in the first quarter.
Tag: Pricing Concessions
Optimal Blue’s Melissa Leidy: Discretion or Discrimination? Lenders Face Tight Scrutiny on Pricing Concessions
A 2015 survey by Garrett, McAuley found that roughly half of respondents were monitoring fair lending compliance of their pricing concessions as expected by regulators. While the mortgage market has shifted since 2015, challenges in navigating the waters of pricing concessions and fair lending persist and could present more risk than you think.