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

Housing Wire

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% The data comes from about 95 lenders and investors, MBA said. 20 forecast.

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Top-producing Draper and Kramer LOs spurn NAF

Housing Wire

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. This is reflected in data collected by the mortgage tech platform Modex and the Nationwide Multistate Licensing System (NMLS). NAF, founded in 2003 by Patty and Rick Arvielo , originated $8.4 billion in mortgages in 2023. and NFM Lending.

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ReverseVision acquired by Constellation Software

Housing Wire

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

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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.

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What will housing credit look like in next recession?

Housing Wire

One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages. It means certain mortgage products might not be offered, FICO score requirements might be raised, and it can mean pricing for certain loans goes up to account for the risk. housing market.

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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. His clients include Loan Depot, Caliber Home Loan, United Wholesale Mortgage, Rocket Mortgage, and US Bank, among others.

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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. His clients include Loan Depot, Caliber Home Loan, United Wholesale Mortgage, Rocket Mortgage, and US Bank, among others.