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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent.

Clients 393
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The next refi boom’s double-edged sword: EPOs

Housing Wire

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. 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. trillion or $1.7

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Rocket has a profitable quarter and a new CEO

Housing Wire

Our focus on servicing clients through innovation in this challenging market is working,” Bill Emerson, interim CEO of Rocket Companies, told analysts in its earnings call. million loans service, with approximately $500 billion in unpaid principal balance. Rocket generated $22.3 The number of Rocket accounts grew to 29.3

Clients 352
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The 7% mortgage is back with a vengeance

Housing Wire

I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I There are two reasons for this price stability—record low inventory and record high equity. Applications have definitely slowed down in the last few weeks. He wants to wait and see where interest rates go.”

Mortgage 433
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How lenders can navigate a shifting market with non-QM loan options

Housing Wire

Lenders can’t significantly impact the historically low inventory. All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. Whatever their clients are asking for, they must try and accommodate them as quickly as possible. That’s what adding Non-QM does.

Marketing 361
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The jumbo market is up for grabs (Part II)

Housing Wire

We also sought input from industry experts, lenders and loan officers. The loans themselves are… really creditworthy and being marked. But we’re not going to be putting a lot of jumbo, cheap jumbo mortgage loans in our books. They’re obviously going to have a much higher return going forward. year over year.

Marketing 355
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.