Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4 compared to 2020. Origination volumes eclipsed $4.3 in the broker channel.

Mortgage 521

Mortgage Marketing Retail Lending 521

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

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. trillion in new loans in 2020 and $3.9 trillion in 2022 and $2.3

Housing Market 417

Housing Market Marketing Loan Officers Mortgage 417

Housing Wire

JULY 16, 2021

By both companies’ admission, a major key to Success’s success will be hiring loan officers. Many LOs still have a relatively full pipeline thanks to lower-than-expected mortgage rates and slowly climbing housing inventory – it will be a challenge convincing them to leave their current shops.

Mortgage 406

Mortgage Lending Brokerage Agents 406

Housing Wire

JUNE 4, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. Presented by: Rocket Pro TPO. year over year, to $465,000.

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Marketing Sellers Finance Loan Officers 492

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Conway, Arkansas. Rochester, New York.

Housing Market 381

Housing Market Marketing Agents Real Estate 381

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”. I remember loan officers telling me that I needed to be “creative” with my appraisals. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008.

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Inventory Market Value Appraisal Contracts 243

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. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 427

Business Mortgage Loan Officers Inventory 427

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. Your loan officer may even put your file through an initial underwriting.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. There’s still plenty of money and demand emanating from New York City and Philadelphia and very little inventory. I mean very little inventory. In May 2020, it was $425,000.

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Loan Officers Marketing Inventory Real Estate Agent 382

Housing Wire

AUGUST 16, 2023

Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. Of course, the risk in winning purchase business in a volatile, high-rate environment is that other lenders could snag your client as soon as rates drop just months later.

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Retail Real Estate Agent Business Mortgage 369

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. With a deadly combination of the tight housing inventory , reduction in refis and surging mortgage rates, consolidation seems to be the natural path. Of the $387.2

Mortgage 382

Mortgage Technology Loan Officers Investing 382

Housing Wire

MARCH 25, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Low inventory, high trash-talking at RE/MAX. Real estate agents and LOs: the great collaboration.

Brokerage 407

Brokerage Agents Real Estate Agent Real Estate 407

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. The last two years have been good to Christian Dicker.

Housing Market 437

Housing Market Marketing Brokerage Real Estate 437

Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. The same trend is seen in existing-home sales due in large part to a lack of inventory of available homes for sale. Median new-home sales prices rose 17.5%

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Finance Construction Law Inventory 394

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. A tough moment for banks Originating jumbos became trickier in the wake of the 2020-2021 refi boom.

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Insurance Mortgage Clients Lending 369

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. McKnight died in 2020 at the age of 87. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+ bath, 2,908 sq.ft., You can adjust the level of the waterfall pretty easily.

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

AUGUST 13, 2023

To read more, click here My comments: I remember the easy days before 2020, with enough sales, listings and pendings to figure out the market. The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates.” percent of total applications from 28.9

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Housing Wire

JANUARY 21, 2021

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. An estimated 1.380 million housing units were started in 2020 – 7% percent above the 2019 figure of 1.29 That’s up 27.8%

Construction 542

Construction Loan Officers Realtors Buyers 542

Housing Wire

OCTOBER 10, 2023

.” Kickbacks in a shrinking market A shrinking market, defined by high mortgage rates and low inventory levels , appears to have exacerbated the existing mortgage kickbacks problem, industry pros told HousingWire. That’s because real estate agents and loan officers are in survival mode and desperate to close new business.

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Real Estate Agent Loan Officers Real Estate Agents 445