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Guild acquires small retail lender Legacy Mortgage

Housing Wire

Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. The company has 39 active loan officers across its retail branches, according to Modex data. By joining Guild, Legacy loan officers can offer additional mortgage products and specialized loan programs.

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Surging mortgage rates prompt borrowers to leave no stone unturned

Housing Wire

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

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The 2022 housing market: A tale of two halves

Housing Wire

The 2002 housing market has been a tale of two halves,” said Green. As they (existing clients) went to do business in these new states, we figured out where the real estate agents are, and who the players are, where the markets they’re buying and did some research and started making phone calls,” he said in an interview with HousingWire.

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The Similarities Between 2007 and Today

Appraisal Buzz

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We provide a service that helps clients make informed decisions on how to proceed.

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ChatGPT for Appraisers

Appraisal Today

Rates increased for all loan types in our survey, with the 30-year fixed mortgage rate increasing to 7.09 percent, the highest rate since 2002. percent, the highest level since November 2022,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. Additionally, the rate for FHA mortgages increased to 7.02

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Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. The residential lending appraisal business depends on low-interest rates, the same as for loan officers. His homes are as unique as he was,” says Heinrich. “He Most appraisers were lender staff appraisers and were laid off.

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Appraisers and Local Market Analysis

Appraisal Today

Your clients count on you to let them know the market today, not in the past. My comments: The video presentation is a bit “over the top,” but the two guys have been doing these videos for many years, focusing on mortgage brokers and loan officers. To read more and see the graphs, click here.