2008 Clients Inventory Loan Officers 
Housing Wire
DECEMBER 28, 2023
In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5
Housing Wire
DECEMBER 3, 2021
Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion. As the loan officer, the more information I can share with my borrower and referral partners the more valuable I become to the transaction and future referrals.
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Housing Wire
AUGUST 23, 2023
Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. The 10-year Treasury started this week with an upward swing at 4.3%, a level last seen during the 2008 financial crisis. Inventory remains thin. Inventory this past week last year was above 550,000 homes.
Housing Wire
JULY 26, 2023
When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California.
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 We also find that FHA mortgages serve minority clients in a higher percentage than conventional mortgages for lower credit scores.
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.
Housing Wire
JUNE 16, 2022
The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I
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