Housing Wire

MAY 26, 2022

As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. The conventional 30-year mortgage rate would have to be in the mid- to high-5% range for the ARM to be in the high-3% range,” said a loan officer in Washington.

Loan Officers 387

Loan Officers Housing Market Mortgage Buyers 387

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officers 379

Loan Officers Real Estate Agent Real Estate Finance 379

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 302

Real Estate Agent Real Estate Project Management Agents 302

Housing Wire

MARCH 10, 2021

In the last decade, community lenders—those credit unions, community banks, and independent mortgage banks who serve their local markets—have grown to own the market. Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance.

Marketing 382

Marketing Technology Lending Business 382

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Others have expressed concerns that we are headed for a housing crash, like in 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. My slowest years were the years leading up to 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

AUGUST 23, 2023

Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. The 10-year Treasury started this week with an upward swing at 4.3%, a level last seen during the 2008 financial crisis. Others expect to refinance their loans in a few months at a lower rate. When asked why U.S.

Mortgage 360

Mortgage Loan Officers Inventory Housing Market 360

Appraisal Buzz

MAY 17, 2021

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based They’re trying to protect their portfolios and make good loans. based think tank Urban Institute to hear their takes.

Loan Officers 338

Loan Officers Insurance Mortgage Real Estate Agent 338

Housing Wire

JULY 15, 2022

This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

Real Estate 359

Real Estate Realtors Brokerage Business 359

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. While many lenders laid off some of their staff to cut costs, others continue opening offices to capitalize on demand from homebuyers.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . Stricter regulations, new guidelines. in 2005, the MBA said.

Mortgage 355

Mortgage Bracketing Loan Officers Investors 355

Housing Wire

MAY 24, 2022

In the early ’80s, rates were above 18% for a fixed-rate loan. Most people paid those loans for 30 years, on time. Refinances were not marketed then like they are today, nor were they the norm for a homeowner. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan.

Mortgage 423

Mortgage Real Estate Agent Business Loan Officers 423

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 387

Mortgage Loan Officers Finance Investors 387

Cornerstone

FEBRUARY 15, 2022

There were analysts who expressed concern that once forbearance plans expired, the real estate market could see a foreclosure surge, similar to what followed the housing bubble 15 years prior. The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Cornerstone

MARCH 12, 2021

As the market professional, it’s your job to respond as well as you can and to provide insights that support your insider opinion. The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. In a market this competitive, a seller has an advantage.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

AmeriMac

MARCH 15, 2024

In this blog, we will delve into the world of AMCs, exploring their evolution, core functions , regulatory framework, and the benefits they offer to lenders, homeowners , and buyers. The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Town & Country Residential Appraisals

JANUARY 24, 2020

The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” The overall health of the real estate market relies upon all parties acting in an ethical fashion, and as a consumer, you have a part to play in that.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Most buyers were tech people from the Bay Area.

Appraisal 52

Appraisal Architecture Business Contracts 52

PennyMac

JANUARY 20, 2021

Have you been keeping a close eye on today’s housing market? According to Freddie Mac, mortgage rates remained at their lowest levels in history for the first week of January, 2021, with 30-year fixed-rate loans averaging 2.65% as of January 7, 2021. Your Buying Power With Low Interest Rates.

Sellers 36

Sellers Mortgage Loan Officers Housing Market 36