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. But for loan professionals, relief doesn’t pay the bills. million to 1.93

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. Mortgage rates have nearly doubled to around 6.5%

Mortgage 414

Mortgage Loan Officers Buyers Inventory 414

Housing Wire

SEPTEMBER 7, 2023

The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. The broker channel made up for 16.8%

Retail 393

Retail Loan Officers Business Lending 393

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. With the mortgage market rapidly shrinking – some experts believe it might contract to just $1.3

Buyers 464

Buyers Marketing Sellers Loan Officers 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. and helping the general consumer understand those positives,” she said.

Loan Officers 334

Loan Officers Business Mortgage Clients 334

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. We feel like we picked up more market share in 2022,” Kechian said. Connie Kim : Tell us about your main market. in the fourth quarter of 2022.

Marketing 369

Marketing Inventory Loan Officers Buyers 369

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. of loans in October, according to the MBA. For the week ending Feb.

Loan Officers 381

Loan Officers Inventory Real Estate Agent Buyers 381

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I I never had to work with realtors, but now I spend a lot of time working with realtors – supporting them and partnering with them,” Nguyen said in an interview with HousingWire.

Business 74

Business Retail Realtors Loan Officers 74

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 385

Mortgage Retail Loan Officers Brokerage 385

Housing Wire

JANUARY 31, 2023

His goal is to bring his sales numbers up to $450 to $500 million, with origination coming from different states, and potentially capitalizing on a little refinance boom in the latter part of 2023. But that’s really what the market is here, at least at this moment. Kim: What are your sales goals for 2023?

Inventory 371

Inventory Marketing Business Buyers 371

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 283

Construction Retail Mortgage Contracts 283

Housing Wire

MAY 24, 2022

We need a reset and one that will continue into 2023. The market has fixed it for us. For starters, there will be fewer of us — loan officers, banks, brokers. The hundreds of thousands of homes sold in 2022 and 2023 above 5% will want to save that $200, so the cash-out refinances and ARM loans all need to reset.

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

I’ve seen thousands of appraisals over the years where appraisers made no Positive or Negative Market Conditions adjustments, as though the market is always in balance and prices are always stable, even during periods of rapidly changing prices. over the course of 2024, declining from the 2023 average of 6.9%.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68