Housing Wire

OCTOBER 27, 2020

Lots of young homebuyers seek financial help when securing their dream homes. Though it can definitely help further your home-buying goals, there are some serious drawbacks to consider, especially with the economy as it currently stands. Are you considering tapping the Bank of Mom and Dad for your home purchase?

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Insurance Mortgage Real Estate 394

Housing Wire

JUNE 1, 2023

The changes, which sparked a Culture Wars debate, reduce or eliminate LLPA fees for first-time homebuyers and those with low and moderate incomes, and raise fees on most borrowers with credit scores of 720 and 759 and down payments of between 10 and 20%. We spoke to multiple loan officers and Washington, D.C.-based

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Loan Officers Insurance Mortgage Real Estate Agent 362

Housing Wire

JANUARY 27, 2022

The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. Therefore, a fair number of current homeowners could continue to benefit from refinancing to lower their mortgage payment.”. for the week ending Jan.

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Mortgage Marketing 458

Housing Wire

APRIL 28, 2023

Blend’s goal is to cut its operating losses to $20 million per quarter by the end of this year, Ghamsari said, giving the company about four years to burn through the liquidity of $350 million in its balance sheet. “That’s assuming we don’t keep improving from that $20 million,” Ghamsari said.

Mortgage 372

Mortgage Investing Business Marketing 372

Housing Wire

APRIL 15, 2021

The national median home-sale price hit a record high of $353,000 in March — up 17% from 2020 — according to a new report from Redfin. Active listings — the count of all homes that were for sale at any time during the month — fell 29% year-over-year to their lowest level on record.

Housing Market 479

Housing Market Marketing Real Estate Agent Real Estate 479

Housing Wire

DECEMBER 17, 2020

And at the end of this month — absent immediate and urgent action by Congress and the administration — millions of American families will be put into eviction and foreclosure proceedings that will take them from their homes at the worst possible moment. Since the coronavirus began spreading, home has been the first line of defense.

Landlords 525

Landlords Housing Market Mortgage Marketing 525

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability? That said, there was just a 3-month supply of homes during the buying frenzy.

Supply Chain 429

Supply Chain Tools Mortgage Marketing 429

Housing Wire

MAY 5, 2022

If you have the time, waiting for the lease to expire is the easiest way to sell a rental home. Once the tenants leave, you can fix up the home and sell it as a vacant home. Most buyers looking for a primary residence won’t consider a home with tenants in it. Options to Sell a Rental Property. Pay Your Tenant to Leave.

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Tenants Investing Buyers Bracketing 366

Housing Wire

OCTOBER 23, 2020

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. 1, and runs through May 1.

Housing Market 536

Housing Market Marketing Real Estate Agent Real Estate 536

Housing Wire

SEPTEMBER 12, 2023

About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said.

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Loan Officers Investors Mortgage Clients 397

Housing Wire

FEBRUARY 22, 2024

The outcome the DOJ wants would only reduce costs for sellers, but it Is going to put buyers in a hole,” Murray said. They seem to think that the benefits to sellers, who are the only beneficiaries of this, outweigh all the downside.” Nearly six months later, Murray stands by this assertion. “If

Sellers 421

Sellers Buyers Real Estate Agents 421

Housing Wire

FEBRUARY 3, 2022

A potential strategy for 2022 will likely depend on whether the market transitions to a purchase-heavy mortgage market, understanding why people buy homes and implementing an effective system to work with potential buyers. This article is part of our HousingWire 2022 forecast series. For many, it will represent a highlight in their careers.

Housing Market 410

Housing Market Marketing Supply Chain Mortgage 410

Housing Wire

AUGUST 18, 2020

As companies try to manage longer appraisal turn times and a finite number of underwriters and support staff for all loans, refinances might get put on the back burner. According to Sean Johnson, branch manager at loanDepot , historically low rates have been the greatest driver of the refi boom, but people working from home is also a factor.

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Advertising Loan Officers Clients Marketing 441

Housing Wire

JANUARY 14, 2022

In November, Rochester’s median home sales price was $154,838, according to Redfin , less than half of the national median that month of $335,519. Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. Rochester, New York.

Agents 417

Agents Inventory Buyers Marketing 417

Housing Wire

OCTOBER 13, 2022

“We continue to see a tale of two economies in the data: strong job and wage growth are keeping consumers’ balance sheets positive, while lingering inflation, recession fears and housing affordability are driving housing demand down precipitously,” Sam Khater, Freddie Mac’s chief economist, said in a statement. .

Mortgage 369

Mortgage Housing Market Business Marketing 369

Housing Wire

FEBRUARY 8, 2022

America suffers from a severe shortage of affordable homes. This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 million homes. Pouring money into programs that help families afford homes will have little effect if there are too few homes available to move into.

Construction 370

Construction Investing Development Landlords 370

Housing Wire

APRIL 22, 2024

Last year, there were (number) homes sold here, and the average selling price was (dollar figure). (If If you have any homes you personally sold in the neighborhood, include those here). I would be happy to give you an equity analysis and let you know how much equity you have in your home.

Real Estate 387

Real Estate Open Houses Brokerage Real Estate Agent 387

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

Real Estate Agent 402

Real Estate Agent Real Estate Agents Clients 402

Housing Wire

MARCH 13, 2024

So they need unbiased experts to work with that will help them grow their business — someone who has been there, who has done it, and who is able to see their business from both the 35,000-foot view and down in the weeds.” Vetted by HousingWire | Our editors independently review the products we recommend. Ventures. “So Ventures 1.

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Real Estate Real Estate Agent Agents Training 432

Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

Mortgage 384

Mortgage Investors Clients Marketing 384

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Investing 314

Investing Marketing Contracts Investors 314

Housing Wire

MAY 23, 2022

The old conservative economist’s adage that “a rising tide lifts all boats” was quickly called-out by activists who didn’t see the trickle down effects of a “booming economy” benefit the working people of America. The market rose almost 20% in 2021, adding $7 trillion in value.

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Government Supply Chain Finance Development 371

Housing Wire

JUNE 21, 2023

Home Point Capital surprised the market on April 7 when it announced that the acquirer of its struggling mortgage origination business was a small wholesale shop few had even heard of. The people we’ve hired allow us to take it from $20 million to $400 million a month. This interview has been condensed and edited for clarity.

Business 354

Business Lending Marketing Government 354

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. The lower comp rate stung.

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Loan Officers Clients Law Legal 458

Housing Wire

SEPTEMBER 7, 2023

NAR, however, contends that the current commission structure, which has been in place for over 100 years, actually benefits consumers. NAR, however, contends that the current commission structure, which has been in place for over 100 years, actually benefits consumers. million , which suggests major changes could be on the horizon.

Buyers 395

Buyers Agents Loan Officers Real Estate 395

Housing Wire

MARCH 22, 2024

Automated marketing campaigns keep you top-of-mind with the top 20% of households most likely to sell, with completely done-for-you online ads, email marketing, postcards, and handwritten letters to the homeowners in your targeted area. Drive leads to home valuation landing pages It’s the 21st century.

Real Estate 408

Real Estate Sellers Real Estate Agent Tools 408

Cleveland Appraisal Blog

AUGUST 13, 2023

If you’re like me, you put off plumbing work until the winter months when there is less to do outside. In this article, he shares some things to keep in mind when it comes to plumbing efficiency and tips for avoiding bigger plumbing problems down the road. I hope you’re having a great summer! At least in Cleveland anyway.

Appraisal 257

Appraisal Inspection Transportation Renovations 257

Housing Wire

NOVEMBER 2, 2021

It can also help explain the benefits of changing the FHA MIP policy to a sliding scale to better reflect FHA’s actual risk and the economics of a GSE transaction. It can also help explain the benefits of changing the FHA MIP policy to a sliding scale to better reflect FHA’s actual risk and the economics of a GSE transaction.

Insurance 374

Insurance Mortgage Development Home Value 374

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Those looking to buy a home this year need to do all they can to make the strongest offer when the right house becomes available.

Buyers 67

Buyers Inspection Sellers Real Estate 67

Housing Wire

FEBRUARY 1, 2021

Pre-foreclosure sales as a foreclosure alternative also benefit neighborhoods by limiting the volume of vacant properties, which drag down surrounding home values. Those loan modifications attempted to right-size mortgage payments to help keep distressed borrowers in homes. Falling Short. More than 1.7 Opportunity Lost.

Buyers 392

Buyers Mortgage Marketing Home Value 392

Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. That's where our home appraisal for PMI removal comes in. of your loan amount per year.

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Appraisal Home Value Appraisal Process Insurance 98

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. So, it’s not just our loans supplying into this ecosystem … it could be any originator.”.

Mortgage 450

Mortgage Technology Investing Investors 450

Housing Wire

SEPTEMBER 14, 2020

Zillow , for instance, is still enticing new home buyers to transact and Carvana makes it possible to buy a new or used car from the comfort of home. The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. COVID-19 has put an end to that.

Lending 464

Lending Mortgage Technology Business 464

Movoto

MAY 15, 2024

Like many other types of home loans , there is a specific process to follow to obtain pre-approval for a veteran mortgage that enables you or a real estate agent to place offers and eventually purchase a home. In most cases, a mortgage for veterans is the ideal option when buying a home for those who qualify.

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Mortgage Real Estate Agent Lending Real Estate 36

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. . The work was not complex, he said.

Mortgage 522

Mortgage Marketing Retail Lending 522

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

Insurance 146

Insurance Appraisal Buyers Real Estate 146

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Pre-Approval Letter Have your lender keep your pre-approval letter current, within 20 days, and if possible, specific to the property you’re bidding on. Appeal to their emotions.

Sellers 71

Sellers Buyers Inspection Bracketing 71