Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California.

Insurance 370

Insurance Housing Market Marketing Supply Chain 370

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota. Rapid City, South Dakota. Bend, Oregon.

Housing Market 367

Housing Market Marketing Real Estate Real Estate Agent 367

Housing Wire

APRIL 29, 2022

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 housing markets. Conway, Arkansas. Rochester, New York.

Housing Market 376

Housing Market Marketing Agents Real Estate 376

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.

Inventory 382

Inventory Marketing Business Buyers 382

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent.

Clients 393

Clients Agents Buyers Sellers 393

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. million, below the 2019 range of 1.52 million to 1.93 million, below the 2019 range of 1.52

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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Loan Officers Agents Retail Technology 393

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.

Marketing 373

Marketing Mortgage Inventory Loan Officers 373

Housing Wire

DECEMBER 3, 2021

Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion. As the loan officer, the more information I can share with my borrower and referral partners the more valuable I become to the transaction and future referrals.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

SEPTEMBER 19, 2022

For the past two years, the refinance business has been booming, but a purchase market signals a shift not only for loan officers but also real estate agents. Housing market super session. What will the future of the housing market look like? What conditions will your clients be buying and selling in?

Real Estate Agent 369

Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. million existing homes on the market in August and would take 3.2 months to exhaust the current inventory of existing homes at last month’s sales pace.

Mortgage 414

Mortgage Loan Officers Buyers Inventory 414

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. Wax said about 50 to 60% of his clients are first-time homebuyers. A lot of them were lower price homes or hard deals.

Loan Officers 382

Loan Officers Inventory Real Estate Agent Buyers 382

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 403

Business Loan Officers Clients Inventory 403

Housing Wire

DECEMBER 10, 2021

Josh Mettle: (1) Housing will continue to appreciate (albeit at a slower pace) until the supply of housing reaches balanced inventory levels. 3) Inflation and higher interest rates will likely lead us into the next recession, which contrary to popular belief, can be positive for the housing market due to lower interest rates.

Loan Officers 380

Loan Officers Housing Market Mortgage Tools 380

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. I really think they had about three months last year where it was a buyers market in the fourth quarter. Connie Kim : Tell us about your main market. in the fourth quarter of 2022.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based We also find that FHA mortgages serve minority clients in a higher percentage than conventional mortgages for lower credit scores.

Loan Officers 369

Loan Officers Insurance Mortgage Real Estate Agent 369

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Austin has become a popular destination for homebuyers for several years now, and the onset of the COVID-19 pandemic drove home prices up even higher as inventory dwindled.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” Tozer suggested “a fee of 1.3%

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

MARCH 2, 2023

That has essentially frozen the market, particularly for buyers who were considering making the jump but perhaps missed the small window in winter, when for one day rates fell to 5.99%. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market.

Marketing 367

Marketing Lending Loan Officers Training 367

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Others have expressed concerns that we are headed for a housing crash, like in 2008. I remember loan officers telling me that I needed to be “creative” with my appraisals.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Cornerstone

MARCH 12, 2021

Even in a typical year, you can expect clients to ask routine questions — and you’ll give them routine answers back. With so many changes taking place related to the pandemic, the economy, and the political sphere, your clients are going to come to you with complex questions. 4 smart answers to your clients’ top 4 questions.

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Clients Sellers Loan Officers Real Estate 62

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. . It’s important for clients to see their options between ARMs and a fixed-rate mortgage and see what the differences are, Neat Home Loans’ Johnson said.

Mortgage 370

Mortgage Bracketing Loan Officers Investors 370

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. The more transactions you do in a certain market, you get to know all the players.

Renovations 403

Renovations Realtors Construction Mortgage 403

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. 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.

Mortgage 442

Mortgage Loan Officers Inventory Business 442

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. It may be due to inventory levels continuing to drop. Be safe out there!

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. The last two years have been good to Christian Dicker.

Housing Market 432

Housing Market Marketing Brokerage Real Estate 432

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. Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. Inventory remains thin. Inventory this past week last year was above 550,000 homes. to its clients.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. 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.

Loan Officers 379

Loan Officers Marketing Inventory Real Estate Agent 379

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. 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.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

SEPTEMBER 14, 2023

Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. Through Aspire, Redwood plans to directly originate HEIs by leveraging the company’s nationwide correspondent network of loan officers and establishing direct-to-consumer origination channels, the company said.

Investors 379

Investors Investing Mortgage Real Estate 379

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. HousingWire: What are the current challenges when it comes to affordable housing? Loan officers and brokers need to reconnect with past clients and show their value.

Finance 388

Finance Construction Law Inventory 388

Housing Wire

AUGUST 8, 2023

In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market. Spoiler alert: the volatile, high-rate mortgage landscape is hitting jumbos harder than the overall mortgage market. When banks do jumbo loans, they want to have money from the client in the bank.

Insurance 366

Insurance Mortgage Clients Lending 366

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. an ever-evolving economic environment, key aspects such as inflation, employment, and the housing market are undergoing significant changes in August 2023. The 30-year fixed mortgage rate decreased to 7.21

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

OCTOBER 14, 2022

Consistent application of both quality control and quality assurance processes for appraisal review may also be in part a reason for improvement, as appraisers have a better understanding of what is needed by their client. I have always collected all the money owed from my lender clients using the collection techniques I write about.

Appraisal 52

Appraisal Insurance Real Estate Business 52