Housing Wire

SEPTEMBER 30, 2022

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. There is more inventory relative to demand, and deals can be found.

Buyers 454

Buyers Mortgage Loan Officers Retail 454

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. Really struggling.

Loan Officers 407

Loan Officers Mortgage Buyers Finance 407

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Then, we have all the traditional financing options, including jumbo.”

Mortgage 469

Mortgage Real Estate Agent Renovations Finance 469

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. months to exhaust the current inventory of existing homes at last month’s sales pace. Mortgage rates have nearly doubled to around 6.5% in 2023. “The

Mortgage 417

Mortgage Loan Officers Buyers Inventory 417

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business.

Loan Officers 395

Loan Officers Real Estate Agent Real Estate Finance 395

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. I do see that changing, though.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

DECEMBER 14, 2023

Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. This harms inventory as homeowners are reluctant to let go of their low mortgages. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 481

Mortgage New Listings Loan Officers Inventory 481

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. The pendulum hasn’t swung back to where buyers are asking 10, 15, 20% lower than what listings are for.”

Loan Officers 383

Loan Officers Inventory Real Estate Agent Buyers 383

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

Marketing 374

Marketing Mortgage Inventory Loan Officers 374

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “We received about a dozen offers, which is actually a low number by today’s standards.

Marketing 492

Marketing Sellers Finance Loan Officers 492

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

Loan Officers 369

Loan Officers Insurance Mortgage Real Estate Agent 369

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. There were clear consequences from the last spike.

Housing Market 304

Housing Market Marketing Loan Officers Buyers 304

Housing Wire

JUNE 29, 2022

Millennials and Gen Zs make up the largest cohort of potential homebuyers today, the majority of which are first-time buyers bullish to get a foot on the property ladder. As mortgage rates rise, inventory remains low and digital trends accelerate, navigating the changing borrower landscape requires tailored strategies.

Loan Officers 427

Loan Officers Mortgage Modernization Business 427

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

Clients 395

Clients Agents Buyers Sellers 395

Housing Wire

APRIL 18, 2023

When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. When we get a borrower that comes in online, we do our good work to get them qualified to buy a home – these are mostly early stage buyers. Kim: NAF bought Marketplace Home Loans in 2018.

Retail 358

Retail Business Agents Loan Officers 358

Housing Wire

NOVEMBER 10, 2023

That doesn’t take into consideration the number of buyers that had already applied and were sitting on the sidelines. Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. “I think we were up right around 15% increase in the number of initial mortgage applications.

Mortgage 427

Mortgage Inventory Marketing Retail 427

Housing Wire

MARCH 10, 2023

Part of our resilience is our concentration on purchase mortgages, including targeting the first-time buyer and diverse market,” Mary Ann McGarry, chief executive officer, told analysts in its fourth quarter and 2022 earnings call. “For Net income also rose 16% from the previous year’s $283.8

Business 369

Business Mortgage Loan Officers Retail 369

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. The closer, the better.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

JUNE 15, 2022

. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. . Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments. It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 370

Mortgage Bracketing Loan Officers Investors 370

Realtor

OCTOBER 16, 2023

for first-time buyers is $12,274 (around 6%), in addition to $1,983 in closing costs. “Buyers may not be able to even see a home without providing a copy of their pre-approval letter just to schedule an appointment,” says Ameer. Pre-approval is better because it means lenders have reviewed your finances.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

SEPTEMBER 5, 2023

It’s so important in this market that when a buyer puts an offer on a home, it’s 100% clear that financing is available and ready to support the purchase. And then closing as fast as possible because we’re still in a tight housing market with tight inventory.

Technology 390

Technology Mortgage Tools Insurance 390

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. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 427

Business Mortgage Loan Officers Inventory 427

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.”

Mortgage 446

Mortgage Loan Officers Inventory Business 446

Genworth MI Blog

JANUARY 24, 2019

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loan officers or others involved in process.

Loan Officers 78

Loan Officers Mortgage Buyers Real Estate Agent 78

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Housing Wire

JUNE 15, 2022

Lenders, loan officers and economists who spoke to HousingWire this week said that the current volatility in the markets will reduce originations even further in 2022, bringing additional rounds of layoffs. “So, it’s helped first-time homebuyers who are competing against all-cash buyers or corporate buyers.”

Mortgage 383

Mortgage Investors Clients Marketing 383

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. For buyers desperately in need of more listings, this is exciting news. And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Genworth MI Blog

JANUARY 24, 2019

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loan officers or others involved in process.

Loan Officers 60

Loan Officers Mortgage Buyers Real Estate Agent 60

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” Studio inventory is up 21% percent.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Cornerstone

FEBRUARY 15, 2022

Connect with a local loan officer to find out how. Struggling homeowners had two additional years to work on their finances and come up with a plan for repayment. “ To maintain balance, the housing market requires a six-month inventory supply. In the past two years, there have been significantly fewer foreclosures.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. Inventory remains thin. Altos Research shows that single-family inventory rose to 496,541 on August 18 from 492,140 on August 11. Inventory this past week last year was above 550,000 homes.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Cornerstone

JANUARY 18, 2022

Home prices appreciating at record levels, surging equity, tight inventory, and historically low mortgage rates gave homeowners the motivation to move into new homes that better fit their changing, often remote, lifestyles. That’s right: Buyers remain active, and sellers continue to have the upper hand. Reading Time: 4 minutes.

Sellers 49

Sellers Inventory Business Loan Officers 49

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Step 2: Find a Lender and Discuss REO Financing. Once you’ve found a property you are interested in, talk to a lender about your financing options.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Buyers want to know that they will be able to get a low mortgage rate when they lock in a rate.

Mortgage 454

Mortgage Buyers Inventory Technology 454

Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. The same trend is seen in existing-home sales due in large part to a lack of inventory of available homes for sale. Median new-home sales prices rose 17.5%

Finance 390

Finance Construction Law Inventory 390

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? If buyers cannot get insurance or it is very expensive, it will affect value.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Cleveland Appraisal Blog

MARCH 30, 2021

TODAY’S HOME BUYERS ARE LIKE THE CARP. There is a lot of demand out there, with very little inventory. This year, it appears that buyer panic is even worse than last year. It may be due to inventory levels continuing to drop. 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