Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Wax said about 50 to 60% of his clients are first-time homebuyers.

Loan Officers 370

Loan Officers Inventory Real Estate Agent Buyers 370

Housing Wire

SEPTEMBER 22, 2022

Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said. to a seasonally adjusted annual rate of 4.8 Existing home sales are down 19.9%

Mortgage 406

Mortgage Loan Officers Buyers Inventory 406

Housing Wire

APRIL 16, 2024

To get a better idea of the dynamics driving this data, RMD spoke with Jon McCue, RMI’s director of client relations, for additional perspective and a breakdown of why business moved this way. It’s because of the hard work of all the professionals in this space working very hard to help their clients.”

Retail 315

Retail Mortgage Business Loan Officers 315

Housing Wire

AUGUST 3, 2023

Our focus on servicing clients through innovation in this challenging market is working,” Bill Emerson, interim CEO of Rocket Companies, told analysts in its earnings call. A third of the way into Q3, Rocket sees purchase mortgage shares growing but the lack of inventory will continue to be a challenge. “The Rocket generated $22.3

Clients 312

Clients Business Inventory Mortgage 312

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term. USPAP Rule 1-3 (d) (v) makes this clear.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2 Financial advisors?

Business 375

Business Loan Officers Clients Inventory 375

Housing Wire

MARCH 2, 2023

I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I There are two reasons for this price stability—record low inventory and record high equity. Applications have definitely slowed down in the last few weeks. He wants to wait and see where interest rates go.”

Mortgage 431

Mortgage Buyers Loan Officers Marketing 431

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% I get people calling me all the time looking for inventory, but we just don’t have any,” he said.

Housing Market 373

Housing Market Marketing Real Estate Agent Real Estate 373

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Nguyen plans on utilizing his proprietary platform to partner with Realtors after his refi-dependent sale volume dropped to a staggering 20% this year. We have subscriptions that go out to Realtors weekly,” Nguyen said.

Renovations 384

Renovations Realtors Construction Mortgage 384

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He has been focused on getting referrals from prior clients and online.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

SEPTEMBER 30, 2022

An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages. There is more inventory relative to demand, and deals can be found. This will be a time of changes,” he said.

Buyers 449

Buyers Mortgage Loan Officers Retail 449

Cornerstone

MARCH 12, 2021

Even in a typical year, you can expect clients to ask routine questions — and you’ll give them routine answers back. With so many changes taking place related to the pandemic, the economy, and the political sphere, your clients are going to come to you with complex questions. 4 smart answers to your clients’ top 4 questions.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. While Nourmand said most of his clients have been local Californians, he has worked with a few Floridians and New Yorkers. “We Rapid City, South Dakota. Rapid City, South Dakota.

Housing Market 327

Housing Market Marketing Real Estate Real Estate Agent 327

Realtor

OCTOBER 16, 2023

. “Many lenders, especially in more recent years, have started to charge hidden points in an effort to advertise a much lower mortgage rate to potential applicants,” warns Jason Gelios , author of “Think Like a Realtor” and a real estate agent with Community Choice Realty in South East Michigan.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. I was beyond done.

Mortgage 390

Mortgage Marketing Realtors Sellers 390

Housing Wire

AUGUST 16, 2023

Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. Of course, the risk in winning purchase business in a volatile, high-rate environment is that other lenders could snag your client as soon as rates drop just months later.

Retail 333

Retail Real Estate Agent Business Mortgage 333

Housing Wire

MARCH 25, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Low inventory, high trash-talking at RE/MAX. Real estate agents and LOs: the great collaboration.

Brokerage 403

Brokerage Agents Real Estate Agent Real Estate 403

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. The last two years have been good to Christian Dicker.

Housing Market 409

Housing Market Marketing Brokerage Real Estate 409

Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. The same trend is seen in existing-home sales due in large part to a lack of inventory of available homes for sale. Median new-home sales prices rose 17.5%

Finance 345

Finance Construction Law Inventory 345

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. However, some experts, including Lawrence Yun, Chief Economist at the National Association of Realtors, anticipate a drop to about 6% by next spring, influenced by economic factors and the Federal Reserve’s decisions.

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

MAY 12, 2023

Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. The residential lending appraisal business depends on low-interest rates, the same as for loan officers.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

JANUARY 21, 2021

” Hale added that builder optimism is higher than it was one year ago, but rising material costs and low land inventory are weighing on builder confidence in the short term. “Brokers should be ready to support clients looking to secure their dream home,” he said. above the revised November rate of 1.635 million.

Construction 542

Construction Loan Officers Realtors Buyers 542