Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. We do not see new construction returning in a meaningful way any time soon. Mortgage rates have nearly doubled to around 6.5% in 2023. “Now

Mortgage 406

Mortgage Loan Officers Buyers Inventory 406

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex.

Loan Officers 339

Loan Officers Buyers Contracts Mortgage 339

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 378

Mortgage Loan Officers Inventory Retail 378

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. Both trends will help some buyers regain purchasing power,” said Kan. said buyers are tired of waiting for lower prices and rates. Nik Shah, CEO of Home LLC.

Mortgage 321

Mortgage Marketing Loan Officers Contracts 321

Housing Wire

OCTOBER 6, 2023

The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. “It’s hard for brokers to win deals now.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. Slow construction and restrictive zoning laws. One of the major causes of low inventory has been due to slowed construction. Let’s start with the good news.

Inventory 392

Inventory Marketing Mortgage Supply Chain 392

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. San Diego, California. I sold a home to a hedge fund guy in New York.

Housing Market 337

Housing Market Marketing Real Estate Agent Agents 337

Housing Wire

SEPTEMBER 22, 2023

But somebody has to replace the Fed, and the Fed is not an economic buyer. So they are a policy buyer. They may require wider spreads than the Fed because the Fed is not an economic buyer. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time.

Housing Market 427

Housing Market Marketing Buyers Investors 427

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 377

Business Loan Officers Clients Inventory 377

Housing Wire

MARCH 1, 2022

Vishal Garg and his dolphins (google it) aim to “radically overhaul the analog mortgage process, which still involves commissioned loan officers, 2,000 pages of paperwork and manual intervention at every step.”. Knock.com offers solutions for both buyers and sellers. Meanwhile, Fathom Realty recently launched intelliAgent 2.0,

Real Estate 329

Real Estate Brokerage Real Estate Agent Technology 329

Riverfront Appraisals

JANUARY 18, 2021

The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […].

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Final Inspection Inspection Appraisal Loan Officers 92

Will Springer Realtor

SEPTEMBER 6, 2022

Consumers who rely on third-party financing to make a bid on a home or contingent on the sale of an existing property have a tough hill to climb against buyers purchasing with all cash. The program puts prequalified buyers on equal footing with cash buyers in a competitive situation. CashEdge© provides the cash at closing.

Sellers 41

Sellers Buyers Lending Finance 41

PennyMac

OCTOBER 13, 2021

And when it comes to choosing whether to purchase an existing home or opt for new construction, there's a lot more to factor in than the curb appeal or how it would look dressed up in Christmas lights. The Pros of Buying a Newly Constructed Home. The Cons of Newly Constructed Homes. Lasting construction. Let's explore.

Construction 36

Construction Property Taxes Inspection HOA 36

Housing Wire

MAY 31, 2022

When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. Planet is in a unique position because there are very few non-depository lenders offering a construction product,” Hattan said.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. Appraisal vs Home Inspection.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. One home recently had over 60 offers!

Loan Officers 345

Loan Officers Marketing Inventory Real Estate Agent 345

Housing Wire

AUGUST 24, 2023

However, given the already very low pace of sales, the majority of highly interest-rate-sensitive borrowers are already on the sidelines and current sales activity is being supported by less rate-sensitive buyers, Fannie Mae said. In contrast, new home sales and construction, while choppy in recent months, have generally been on an upswing.

Construction 269

Construction Retail Mortgage Contracts 269

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. With over 200 branches in West Virginia, Ohio, Pennsylvania Kentucky, Tennessee and Indiana, Trew said the bank is focused on purchase and the construction business.

Mortgage 441

Mortgage Brokerage Retail Business 441

PennyMac

JULY 21, 2021

When evaluating potential yard renovation ideas, it is important to consider not just what you want to add, but how those features will be used — by both your family and future potential buyers. Justin Krzyston is President and Chief Executive Officer of Stonehurst Construction and Design, Inc.

Renovations 36

Renovations Real Estate Investing Design 36

Cleveland Appraisal Blog

MARCH 30, 2021

TODAY’S HOME BUYERS ARE LIKE THE CARP. This year, it appears that buyer panic is even worse than last year. It could be that interest rates are now creeping up, which has some buyers panicked that they their buying power is shrinking. But buyers should think seriously about how much they are willing to spend right now. .

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I can get you (borrower) a conditional loan approved in 20 minutes. It’s smoother for the client,” Hussam said.

Investing 403

Investing Loan Officers Retail Mortgage 403

Housing Wire

DECEMBER 15, 2021

Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. It also means we have to get back to the basics of building relationships with our clients and being their loan adviser for life instead of treating them as transactional customers. That value lies primarily in our knowledge and expertise.

Finance 347

Finance Construction Law Inventory 347

PennyMac

SEPTEMBER 2, 2020

Garages are a very important feature for many homebuyers, and can even end up being a dealbreaker for some buyers. Deck or Patio: A stylish outdoor surface makes it easy to enjoy your yard, and many new construction materials require little to no maintenance. Home Buying Consideration #1: The Garage.

Design 36

Design Buyers HOA Investing 36

Housing Wire

DECEMBER 31, 2021

One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. Homebuilders will have more success overcoming current building material shortages and should be able to increase the pace of construction to meet the sizable demand for buying,” Fratantoni said.

Marketing 419

Marketing Law Government Mortgage 419

Appraisal Today

SEPTEMBER 15, 2023

At the same time, concrete finishes merge various construction techniques and artisan approaches that give the feeling of carved stones, whose volumes and shapes vary, but always integrated harmoniously in these habitable sculptures. Remember the old mortgage broker days of visiting an office and chatting with loan officers?

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Assurance Financial

APRIL 15, 2024

More and more buyers are choosing Atlanta for a few key reasons — the robust housing market offers a dependable and secure entry point into the city’s many lifestyle and economic opportunities. Atlanta is a thriving city in the northwestern corner of Georgia and one of the most affordable major cities in the United States.

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Logistics Housing Market Investing Loan Officers 36

Cornerstone

JANUARY 19, 2021

Mortgage rates are expected to stay low, and increased buyer demand is anticipated to spur more home sales and keep driving up housing prices. With such a competitive market, it’s smart to reach out to a local loan officer, prequalify early, and prepare to buy. Is there a Cornerstone office near you?

Construction 61

Construction Housing Market Loan Officers Mortgage 61

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. But whether the Woodstock, CT, chateau actually finds its next ruler, remains to be seen.

Appraisal 81

Appraisal Contracts Business Construction 81

Cornerstone

APRIL 23, 2021

New houses are being constructed. The National Association of Home Builders (NAHB) projects that 2021 should be even better: “For 2021, NAHB expects ongoing growth for single-family construction. It will be the first year for which total single-family construction will exceed 1 million starts since the Great Recession.”.

Construction 39

Construction Sellers Inventory Loan Officers 39

Assurance Financial

JULY 27, 2021

You can also get a loan to build your home. Construction Loan. This type of mortgage loan involves buying land on which to build a house. These loans typically come with much shorter terms than other loans, at a maximum term of one year. Rates are also higher for this mortgage loan type than for others.

Mortgage 69

Mortgage Government Construction Insurance 69

Housing Wire

APRIL 13, 2022

Housing costs, particularly at the bottom of the market, have skyrocketed with a limited supply of housing and a severe shortage of construction workers. Increasing the supply of legal immigrant construction workers would accelerate economic growth. While home inventories remain low, the prospects for first-time buyers diminish.

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Insurance Construction Government Lending 373

Appraisal Today

OCTOBER 21, 2022

The vault is constructed with 4-foot-thick, reinforced concrete walls and is plumbed for a fire suppression system. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? Excerpts: 4 bedroom, 3 bath, 2,400 sq.ft.,

Appraisal 52

Appraisal Marketing Contracts Insurance 52

PennyMac

SEPTEMBER 6, 2022

You and your real estate agent will need to research whether or not the particular properties you are interested in are eligible for a loan. Overall, there are multiple options available to you as a buyer. Qualifying for Condo Loans. Conventional Loans. FHA Rules for a Condo Loan. USDA Loans.

HOA 36

HOA Mortgage Finance Insurance 36

Housing Wire

JANUARY 21, 2021

Remarkably, most industry experts believe construction rates will climb even higher in 2021. “We expect single-family construction to move up 9% in 2021 — a much-needed relief valve for homebuyers,” said Danielle Hale, chief economist at Realtor.com. “The worst of the housing shortage could soon come to an end.”

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Construction Loan Officers Realtors Buyers 542