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How LOs, mortgage execs are preparing for 2024

Housing Wire

So my concern is that rates are going to come down but inventory is not going to just all of a sudden be plentiful and now we’re in a situation where home prices get driven up because there is still low inventory. We’re laying the constant groundwork word doing the agent training. If people got rates of 7% and 7.5%

Mortgage 440
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How retaining servicing provides a competitive advantage

Housing Wire

Originators are using them to help lower-income borrowers get into homes. There is still evidence that higher LTV loans with Private Mortgage Insurance are attractive to buyers who don’t have much money saved up for a down payment. Low down payment programs are also rising in popularity.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

It comes at a time in which the housing market favors buyers and seller concessions become more frequent. The new products complement UWM’s “Game On” initiative , a cut-rate pricing strategy devised to grow market share with purchase buyers. Time and training.

Mortgage 387
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The Hybrid Appraisal: It’s Cheaper, but Does It Protect Homebuyers?

Realtor

Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure. The appraisal also protects you as a buyer. Deciding between a hybrid and traditional appraisal lies with the lender, not the buyer.

Appraisal 107
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What to Know About Home Renovations in 2023

Lamacchia Realty

According to the Home Builders Institute, an estimated 2.2 million construction workers will need to be hired and fully trained within the next 3 years to meet the projected home renovation demand. Additional Resources Making Home Improvements?

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. What is a Home Appraisal and Why is it Important?

Appraisal 105
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How to Check for Flood Risk During Home Buying

Will Springer Realtor

You start wondering, could my dream home be at risk for flood damage? The fact is home buyers need to pay attention to their flood risk and the need for flood control. All home buyers. Then, together, the buyer and broker can look for that dream home with confidence.