Housing Wire

NOVEMBER 1, 2021

If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. The purchase money mortgage transaction begins with the real estate sales contract and that’s not something our industry controls. Don’t be left behind.

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Real Estate Agent Real Estate Agents Lending 371

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex. About 71.2%

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Loan Officers Buyers Contracts Mortgage 328

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The bottom for 2022 was 240,194.

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Mortgage Loan Officers New Listings Government 383

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. Rates for jumbo loan balances (greater than $726,200) went from 6.44% to 6.49% in the same period. ”

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Mortgage Loan Officers Investors Government 355

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. Tozer suggested “a fee of 1.3%

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Mortgage Loan Officers Government Buyers 362

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. Both trends will help some buyers regain purchasing power,” said Kan. said buyers are tired of waiting for lower prices and rates. Nik Shah, CEO of Home LLC.

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Mortgage Marketing Loan Officers Contracts 308

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Eligibility for DPA programs is determined by multiple factors, including household income and credit scores.

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Mortgage Buyers Loan Officers Sellers 438

Housing Wire

DECEMBER 31, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. But many of those elements are fading as the industry heads into 2022. In 2022, refi origination volume is expected to drop by 62% to about $860 billion.

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Marketing Law Government Mortgage 414

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. through the rest of 2022. There were clear consequences from the last spike.

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Housing Market Marketing Loan Officers Buyers 300

Housing Wire

MAY 31, 2022

Chicago’s housing market started out hot in 2022. increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

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Mortgage Construction Lending Real Estate 382

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

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Construction Retail Mortgage Contracts 262

Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. Hale added that at this time, “buyers have the upper hand.” “I

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Mortgage Marketing Buyers Lending 365

Housing Wire

JUNE 15, 2022

The lender’s loan rates, which range from 8% to 11%, are expected to grow 100 bps by the end of the year, reflecting the Fed’s tightening policy, Nigam said. Lenders expected that 2022 will be one of the most challenging years on record due to higher rates, lower refi volumes and the need to shed capacity. trillion in 2023.

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Mortgage Investors Clients Marketing 378

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Appraisal Real Estate Agent Contracts Real Estate 82

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. Many buyers will need the extra money to pay the difference.

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Sellers Loan Officers Inventory Home Value 66

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There are few bank-owned (REO) sales right now, but when they happen, they’ve been a combination of older loans and some newer ones (but not really people who bought in 2022 at peak prices). If buyers cannot get insurance or it is very expensive, it will affect value.

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023. from 0.41 (including the origination fee) for 80 percent LTV loans.

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Appraisal Contracts Mortgage Marketing 67

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. But then the price jumped in 2022 to a high of $60 million, before the listing was removed. from 0.73 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. percent from 7.31

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Appraisal Contracts Business Construction 80

Appraisal Today

MAY 12, 2023

Whimsical Casa Luna Bounces Onto the Market in Big Sur for $6,600,000 (dropped from $7M in December 2022) (Mickey) Manning architecture and designed homes to complement their natural surroundings. Most buyers were tech people from the Bay Area. from 0.63 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 14, 2022

In the October 2022 issue of the monthly Appraisal Today Newsletter. Redfin Survey October 07, 2022. Meanwhile, 15% of buyers and sellers said climate change caused them to search in a different part of their area. I have never heard about any sellers that were offering lower prices or buyers who were worried about flood risk.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

OCTOBER 21, 2022

2022 business has been very slow for many appraisers. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? My comments: Fun to look at but does it appeal to many buyers? You need coverage for those years.

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Appraisal Marketing Contracts Insurance 52