Housing Wire

NOVEMBER 7, 2023

Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. “VA loans are probably the best loans on the market.

Agents 450

Agents Sellers Buyers Finance 450

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Buyers seem like they can’t get a break,” Kechian said. “I So more realtors in the area have started working with us.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

APRIL 16, 2024

That’s because those were the two lowest case number assignment months in all of 2023, McCue said. Case numbers, product types In terms of case numbers, the low-issuance months at the end of 2023 served as a bit of a telegraph, McCue noted. With that said, you shouldn’t be too surprised to see endorsements fall off in February.

Retail 378

Retail Mortgage Business Loan Officers 378

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

OCTOBER 6, 2023

Some of these professionals spoke to HousingWire during AIME Fuse 2023, an Association of Independent Mortgage Experts conference held Oct. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. 4-7, in Las Vegas. “It’s hard for brokers to win deals now.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Our buyers are smarter than the media gives them credit for, and they’re coming in strong.

Loan Officers 350

Loan Officers Business Mortgage Clients 350

Housing Wire

MARCH 6, 2023

He was cautiously optimistic for a better 2023. The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. It’s almost like there was a false start,” Monson said.

Loan Officers 382

Loan Officers Inventory Real Estate Agent Buyers 382

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 2023.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 382

Inventory Marketing Business Buyers 382

Housing Wire

SEPTEMBER 23, 2022

trillion in 2023 will look awfully rosy. “Given the magnitude of the move in rates, we think there could be a downside to current estimates for industry volumes in 2023.” trillion in 2023. You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range.

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

MARCH 30, 2023

My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets. We want to sustainably grow throughout 2023.

Mortgage 390

Mortgage Retail Loan Officers Brokerage 390

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. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 453

Real Estate Agent Loan Officers Real Estate Agents 453

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 392

Lending Real Estate Agent Loan Officers Retail 392

Housing Wire

AUGUST 24, 2023

In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. The group upgraded its 2023 real GDP growth outlook to 1.9% million in July 2022, according to the National Association of Realtors. “If on a Q4/Q4 basis and revised its 2024 GDP growth prediction to a 0.2% decline from 0.1%

Construction 284

Construction Retail Mortgage Contracts 284

Housing Wire

MAY 24, 2022

Multiple crops per year: Move-up buyers and refinancing. We need a reset and one that will continue into 2023. For starters, there will be fewer of us — loan officers, banks, brokers. There will be more loans than we can efficiently process for years. The customer bought a home to stay in for 30 years.

Mortgage 424

Mortgage Real Estate Agent Business Loan Officers 424

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. First finished homes projected to be finished in September, 2023.What Interesting that the Fannie change came out September 7. == New in the September 2023 issue of Appraisal Today Appraisers vs. Lenders.

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. over the course of 2024, declining from the 2023 average of 6.9%. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Appraisal Today

MAY 12, 2023

Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Most buyers were tech people from the Bay Area. Very tough market now with many layoffs.

Appraisal 52

Appraisal Architecture Business Contracts 52

Will Springer Realtor

SEPTEMBER 28, 2022

You want to buy a home but you’re worried you won’t qualify for a mortgage because of your student loan debt. Half of non-homeowners (51%) say student loan debt is delaying them from buying a home, according to a survey from the National Association of Realtors ®. The average student loan payment is $460 a month.

Buyers 36

Buyers Loan Officers Mortgage Realtors 36