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Mortgage lenders facing a dark, cold winter

Housing Wire

I was speaking to someone the other day who said, ‘If you’re in this business [mortgage lending], I can’t see a downside to a recession.’” We could be down to 60,000 to 70,000 originators by 2025.” ” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.” “I

Mortgage 431
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Many mortgage lenders are like frogs in a slow boil

Housing Wire

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. Hale added that at this time, “buyers have the upper hand.” “I

Mortgage 365
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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. That’s a whopping 134% more than December and a solid 7.0%

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Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

In turn, consumers experience the trickle-down effect in the form of costlier lending rates when holding credit card debt or purchasing cars and homes. That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers.

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2024 USPAP For Appraisers

Appraisal Today

2024-2025 USPAP 7-Hour Update Course is being approved or is approved, in the states. The market area that the property is located in can definitely support the price but does the price truly reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay?

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me that providing training in Q2 2025 would be more appropriate than 6 months before. Impact on Appraising As I explained, the lending system has issues with properties capable of being used for five or more units. percent from 6.51

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High Financing Hurdles Lead to Low Housing Activity in Seattle/King County

Will Springer Realtor

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

Finance 68