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It hasn’t been this hard to get a mortgage in six years

Housing Wire

The data comes from about 95 lenders and investors, MBA said. Even with tighter standards, the lowest mortgage rates on record will push home lending this year to a 15-year high of $3 trillion, MBA said in an Aug. trillion, the most since 2003, MBA said. 20 forecast. Refinancing probably will reach $1.7

Mortgage 545
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Top-producing Draper and Kramer LOs spurn NAF

Housing Wire

NAF, founded in 2003 by Patty and Rick Arvielo , originated $8.4 The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. Early payoff (EPO) fees serve as a means for investors to recoup a portion of their initially projected returns.

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

Housing Wire

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Inventory 544
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ReverseVision acquired by Constellation Software

Housing Wire

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. The company also serves “100%” of reverse mortgage investors, according to the sale announcement.

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Pompano Beach and Deerfield Beach Market Update Q3 2023

Empire Appraisal Group

He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. In addition to working with lending clients, Daniel provides valuations for attorneys, realtors, investors and homeowners in the local market.

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Market Update Parkland and Coral Springs Q3 2023

Empire Appraisal Group

He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. In addition to working with lending clients, Daniel provides valuations for attorneys, realtors, investors and homeowners in the local market.

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What will housing credit look like in next recession?

Housing Wire

Because of the qualified mortgage laws of 2010, we are lending to the capacity to own the debt, which means speculative credit cycles from primary resident homebuyers or even investors can’t occur in the same fashion as from 2002-2005. during the last few years, nor can we ever. The purchase application data below clearly shows this.