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The risk of zero-down loans while the Fed talks recession

Housing Wire

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. The entire system has to be designed to inflate the price over time. Remember, the system is designed to keep home prices inflated.

Inventory 542
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CBC Mortgage’s Tai Christensen to speak at Spring Summit

Housing Wire

Christensen has 17 years of mortgage industry knowledge, jumpstarting her career as a loan officer in 2003 until 2008 when she began to work with the many American families facing foreclosure due to the Great Recession. The focus of the Spring Summit is The Year-Round Purchase Market.

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More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

increase in total labor productivity in the US from 2003 through 2022, largely through business process improvement and automation. In 2003, the typical underwriter achieved 115 closed loans per month. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. My comments: I find this post’s appraiser comments most interesting, especially those from VA appraisers who have been required to use the VA’s Tidewater Initiative, which started in 2003.

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Lamacchia Realty Announces Top Agents for the Mid-Year 2021

Lamacchia Realty

To learn more about Kevin, click here: Kevin Cormier Genevieve Botelho started in the real estate business back in 2003, joined Lamacchia Realty in 2014, and within 12 months her business exhibited an outstanding rate of growth at 1,200% ! Over the 16 years of her real estate career, she has earned a plethora of Realtor designations.

Realty 71
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Lamacchia Realty Announces Top Producing REALTORS® for April 2022

Lamacchia Realty

Over the 18 years of her real estate career, she has earned a plethora of REALTOR® designations and recognitions, including the industry recognition of 10 Best in Middlesex County for Client Satisfaction by the American Institute of Real Estate Professionals. Kelly joined the 2021 Lamacchia Realty President’s Club for the first time !

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

The housing market is cooling-off. Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. As housing demand wanes due to rising mortgage rates and high home prices, the housing market has likely started to balance out.