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Mortgage lenders, borrowers react to banks closures 

Housing Wire

” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said.

Mortgage 370
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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 416
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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. These may be full-time jobs or contracted services. Non-lending appraisal courses.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Motivational books and recordings help you stay up when business is stressful. This program, often known simply as “Tidewater,” initiated in—you guessed it—the Tidewater area of Virginia (i.e., These appraisals kept appraisers busy.

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How owner finance investing works and how to navigate it (with Brandon Smith, 13+ years of investing and lending experience) – Real Estate Real Fast EP9

Listing Spark

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. Where can you find good sources of lending. It usually involves wrapping the existing mortgage and obtaining title insurance from a title company.

Finance 36
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An Inside Look at the VA Loan Process

Realtor

Getting under contract Signing a contract to purchase a home comes next. The VA allows sellers to pay all of a buyer’s mortgage-related closing costs and up to 4% of the purchase price in concessions, which can include things like prepaid taxes and homeowners insurance and even paying off collections.

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NFT mania and the future of the home sale

Housing Wire

A deed transfer often includes the new owner ensuring they are the property holder through title insurance. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. Historic records are recorded, “On big, old ledger books that are done on paper.”.