Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 525

Housing Market Marketing Real Estate Agent Real Estate 525

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 469

Buyers Marketing Sellers Loan Officers 469

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 427

Loan Officers Tools Business Clients 427

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. The company alleges that two of her eligible loans became subject to recapture events. The lender originated $10.6

Loan Officers 407

Loan Officers Legal Real Estate Lending 407

Housing Wire

FEBRUARY 5, 2024

RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. In 2020, it originated $8.5 2 in a U.S.

Retail 417

Retail Contracts Loan Officers Mortgage 417

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? from the week prior.

Mortgage 383

Mortgage Loan Officers Investors Government 383

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Meanwhile, the peak for 2023 so far is 472,680.

Mortgage 395

Mortgage Loan Officers New Listings Government 395

Housing Wire

NOVEMBER 1, 2023

“We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. Mortgage-origination volume between 2021 and yearend 2023, however, is projected to drop 63% — from $4.44 And it’s going to be horrible.” trillion to $1.64

Mortgage 437

Mortgage Loan Officers Finance Buyers 437

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. This has resulted in the company closing branches and laying off loan officers on the retail side. It’s a shift that is happening in the market.

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

FEBRUARY 15, 2024

On FHA endorsements for home purchase financing, approximately 40% included down payment assistance in both 2022 and 2023, while the share was roughly 30% in 2021. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023. Every city, county and state have different underwriting guidelines.

Mortgage 446

Mortgage Buyers Loan Officers Sellers 446

Housing Wire

NOVEMBER 9, 2022

Ultimately, we determined the market conditions have fundamentally changed and we need to change with them,” Graham Fleming, FoA’s president and interim CEO, told analysts during a call. Fraud risk continues to rise even as the market contracts . FoA produced a $1.1

Mortgage 395

Mortgage Finance Retail Business 395

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Flávia Nunes: Where are we at in terms of the current mortgage market cycle? So, the market is great.

Retail 370

Retail Inventory Mortgage Loan Officers 370

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market.

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Business Retail Realtors Loan Officers 74

Housing Wire

JUNE 15, 2022

The markets have been shaken to the core. And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compared to 50 bps previously).

Mortgage 383

Mortgage Investors Clients Marketing 383

Housing Wire

FEBRUARY 3, 2022

Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgage 383

Mortgage Retail Finance Investors 383

Housing Wire

JULY 25, 2023

HW: What are the common misconceptions surrounding growth in this market? Loan officers — myself included — need to strengthen their mindset. In today’s market, it is very easy to have a weak mindset. HW: How do you plan to continue your outstanding level of production as the market changes?

Real Estate Agent 363

Real Estate Agent Mortgage Real Estate Training 363

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 395

Lending Real Estate Agent Loan Officers Retail 395

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Housing Wire

AUGUST 16, 2023

Most of the publicly traded IMBs cut costs in the first half of 2023, and several pledged to keep sharpening their knives. That alone suggests better days ahead for IMBs, even if rates don’t fall into the 6s for a few more months, the secondary market remains a mess, and seasonality results in low volume in the first quarter of 2024.

Retail 370

Retail Real Estate Agent Business Mortgage 370

Housing Wire

NOVEMBER 17, 2022

Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. First, the non-QM market is poised for long-term, sustainable growth. The timing is right from the capital markets perspective, too.

Lending 370

Lending Investors Real Estate Agent Loan Officers 370

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market. The trajectory of merger and acquisition (M&A) deals bears that reality out.

Mortgage 370

Mortgage Marketing Buyers Lending 370

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 284

Construction Retail Mortgage Contracts 284

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. First finished homes projected to be finished in September, 2023.What What Can We Do?

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. Markets hate uncertainty. Markets hate uncertainty.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. The monthly Employment Situation Summary news release based on the CES data is regarded as a key report in gauging the health of the overall job market. By comparison, we are forecasting total volume of about $2.3

Lending 383

Lending Mortgage Real Estate Loan Officers 383

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. My market is very volatile. over the course of 2024, declining from the 2023 average of 6.9%.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

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. Very tough market now with many layoffs.

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Appraisal Architecture Business Contracts 52