Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. ” . .

Mortgage 386

Mortgage Loan Officers Retail Marketing 386

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 349

Mortgage Retail Loan Officers Brokerage 349

Housing Wire

MARCH 16, 2023

The Federal Housing Finance Agency ’s (FHFA’s) decision to delay implementing the controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income (DTI) ratios gave mortgage lenders a breather. “I think the industry supports eliminating the DTI-based LLPA,” he said.

Mortgage 369

Mortgage Finance Loan Officers Law 369

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 412

Housing Market Marketing Insurance Mortgage 412

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

DECEMBER 6, 2022

However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah.

Real Estate 356

Real Estate Real Estate Agent Clients Agents 356

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Buyers seem like they can’t get a break,” Kechian said. “I Kechian: In 2022, it was almost 90% purchase mortgages.

Marketing 354

Marketing Inventory Loan Officers Buyers 354

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Parker is a HousingWire 2022 Mortgage Marketing Leader with a focus on business development and marketing.

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Loan Officers Business Mortgage Clients 286

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage. HW+ has been a major resource in getting my knowledge base to where it needs to be!

Real Estate 356

Real Estate Realtors Brokerage Business 356

Housing Wire

SEPTEMBER 16, 2020

A well-qualified buyer these days can find a mortgage at historically low interest rates. But that’s not good enough for United Wholesale Mortgage CEO Mat Ishbia. Actually, those are the only loans we’re doing – 98% of our loans are in the 30-year fixed in the twos or the ones. UWM CEO Mat Ishbia.

Mortgage 453

Mortgage Marketing Technology Loan Officers 453

Housing Wire

FEBRUARY 24, 2021

Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage. But we also must acknowledge that the core definition of any stimulus is to implement something that causes an immediate, short-term response.

Real Estate Agent 280

Real Estate Agent Real Estate Agents Loan Officers 280

Housing Wire

OCTOBER 27, 2020

Your credit plays a huge part in your ability to get a mortgage. It influences what loans you’re eligible for, how much you can take out, and how much you’ll pay in interest over the life of your loan. Myth 2: You can’t buy a house if you have lots of student loan debt. Fortunately, that’s just not true.

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Loan Officers Technology Mortgage Buyers 303

Housing Wire

MARCH 31, 2022

Non-QM, like any mortgage product, is affected by interest rate fluctuations. That’s because non-QM rates are generally 2 to 3 points higher than QM loans, and candidates for non-QM refinances probably aren’t being bombarded with refinance offers every time rates drop a quarter of a point.

Marketing 321

Marketing Investors Technology Loan Officers 321

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 323

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 436

Mortgage Loan Officers Inventory Business 436

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 370

Business Loan Officers Clients Inventory 370

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 403

Business Mortgage Loan Officers Inventory 403

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. We are definitely seeing an uptick in demand. We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We

Mortgage 446

Mortgage Buyers Inventory Technology 446

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 405

Real Estate Agent Loan Officers Real Estate Agents 405

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Annual Percentage Rate (APR).

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

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Loan Officers Mortgage Lending Real Estate Agent 366

Appraisal Today

SEPTEMBER 15, 2023

To read more click here My comments: Definitely an appraisal challenge! == GSE FAQs: Appraiser Independence (AIR) (Aug. May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

PennyMac

APRIL 5, 2022

Enter perhaps the most important item on your homebuying preparation list: the mortgage pre-approval. In short, it serves as proof to sellers that you’re a serious and reliable buyer. No guarantees are made — it’s simply a model of what your mortgage could look like, should you be approved. Which buyer would you go with?

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Mortgage Sellers Finance Buyers 36

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. To read more, click here My comments: If you want to know more, before (or after) accepting an Airbnb appraisal, definitely read this article. Taking his classes is definitely worth the time.

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Appraisal Contracts Business Construction 80

Appraisal Today

MAY 10, 2024

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. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Reconsideration of Value Appraisal Real Estate Insurance 73

Will Springer Realtor

MARCH 30, 2021

In this seller-friendly market, sometimes dozens of buyers make bids on a single home. To receive such a letter, the lending company’s underwriter has already verified the buyer’s credit, income and assets (or “CIA”) to essentially guarantee the loan. They are definitely being earnest with a strong deposit amount.

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Inspection Sellers Buyers Real Estate 36

Chicagoland Appraisal Blog

MARCH 14, 2017

Althoff in the Illinois Senate introduced legislation that would remove a provision requiring written disclosure to a mortgage loan applicant of the total compensation paid to the real estate appraiser when the home appraisal has been ordered through an appraisal management company. On February 9, 2017, Sen.

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Appraisal Real Estate Property Appraisal Loan Officers 78

Appraisal Today

OCTOBER 21, 2022

Until we get past this period over the next few months it may be hard to say definitively what is exactly happening. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. The best market analysis is always retrospective, as they say, “Hindsight is 20/20.”

Appraisal 52

Appraisal Marketing Contracts Insurance 52

PennyMac

JULY 25, 2022

Today, we want to take a closer look at two of the most commonly purchased mortgage types: conventional loans and FHA loans. What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity.

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Insurance Government Investing Mortgage 36

Appraisal Today

MAY 12, 2023

NOTE: Please scroll down to read the other topics in this long blog post on humor, non-lender appraisals, mortgage forecast, staying positive when you’re slow, unusual homes, mortgage origination stats, etc. Most buyers were tech people from the Bay Area. Mortgage lending is very, very cyclical.

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Appraisal Architecture Business Contracts 52

PennyMac

APRIL 18, 2022

Buyer builds equity in the home. Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Buyer has full control over home improvements and upgrades. Mortgage Matters.

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Landlords Property Taxes HOA Insurance 36

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. By McKissock.

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Appraisal Insurance Real Estate Business 52

PennyMac

OCTOBER 13, 2021

So why not give [buyers] what they want: [To get an inside look without feeling guilty or obligated!] 360° virtual tours enable [prospective buyers] to get a better sense of the space and feel as if they're in the property itself. Invest in educating potential [buyers] digitally. 2) Step Up Your Marketing With Instagram.

Real Estate 41

Real Estate Marketing Real Estate Agent Agents 41

PennyMac

NOVEMBER 29, 2022

We’ll walk you through the loan qualification requirements, various first-time homebuyer programs, and loan options available. How Do I Get a First Time Homebuyer Loan? The first step in obtaining a mortgage loan is determining your financial goals and how much home you can afford. Government Loans.

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Government Mortgage Finance Design 36

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

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Housing Market Marketing Brokerage Real Estate 402

Housing Wire

AUGUST 9, 2023

This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. billion), U.S.

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Marketing Retail Mortgage Investors 312

Clear Capital

SEPTEMBER 29, 2021

” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. So it’s something that is definitely worth further investigation. And then he actually gets a voicemail from a potential buyer asking him to call him back. The buyer is like, “yeah.

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Sellers Agents Real Estate Buyers 69