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Take more time, ask better questions: How loan officers are getting clients in homes as rates soar

Housing Wire

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Also, seller-funded temporary buydowns may not be available depending on how hot market conditions are. With rates around 6.9% versus a 6.5%

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FHA does a solid for mortgage credit rejects. Will it move the needle for loan officers?

Housing Wire

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. It’s not going to be more business.

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Local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market. HousingWire Magazine delivered to your home or office.

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The 2022 housing market: A tale of two halves

Housing Wire

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.

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Fannie Mae’s chief economist on housing market outlook

Housing Wire

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. So, the servicing valuation on those loans is strong, because pre-payments are low.

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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. It is just a super tight housing market. Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy.

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The housing market correction will be deep, and ugly

Housing Wire

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” ” Where is the housing market heading?