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. We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

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. But for loan professionals, relief doesn’t pay the bills. million to 1.93

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, At the time of the announcement, the lender had 1,300 employees.

Mortgage 370

Mortgage Loan Officers Retail Construction 370

Housing Wire

JULY 25, 2022

The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Employees on the technology, marketing and human resources teams are on the list. 5, according to the document reviewed by HousingWire. The workforce reduction reaches junior positions and vice-presidents.

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Human Resources Loan Officers Construction Mortgage 370

Housing Wire

JULY 7, 2022

Black Knight reported that May was the least affordable housing market in 16 years. For the first time in three years, we have seen an increase in homes on the market and price reductions. 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.

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Inventory Marketing Mortgage Supply Chain 397

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Renovations 410

Renovations Realtors Construction Mortgage 410

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 410

Business Loan Officers Clients Inventory 410

Genworth MI Blog

MAY 28, 2020

Remember when manufactured housing used to equate to mobile homes? Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? Dependable construction timing (e.g.

Construction 148

Construction Loan Officers Training Lending 148

Housing Wire

JULY 20, 2023

The economy — coupled with resilience in the labor market and active new home construction — experienced a stronger pace of economic growth than Fannie Mae previously expected. The reason, if a recession occurred was going to be mild, was because of housing.

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Lending Technology Business Construction 370

Genworth MI Blog

MAY 28, 2020

Remember when manufactured housing used to equate to mobile homes? Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? Dependable construction timing (e.g.

Construction 78

Construction Loan Officers Training Lending 78

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. It is likely that the market data just doesn’t support the price. I had new construction sales that were very comparable.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

MARCH 1, 2022

Clearly, we love that the housing market supports so many professionals and households. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. This could be read through a negative lens. Jobs are important. We must innovate. We must become more efficient.

Real Estate 384

Real Estate Brokerage Real Estate Agent Technology 384

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA). during the same time.

Mortgage 384

Mortgage Construction Lending Real Estate 384

Will Springer Realtor

SEPTEMBER 6, 2022

CashEdge© is a program that can work for consumers in any housing market and strengthens the opportunity to negotiate better terms when purchasing as a cash buyer. It’s standard language: The home must be owner-occupied, sit on land no greater than five acres and cannot be new construction. What about the fine print?

Sellers 41

Sellers Buyers Lending Finance 41

Housing Wire

MAY 10, 2023

It shows about 50 people waiting in line at an open house in Mount Laurel, New Jersey. The house ended up having five offers and sold for $50,000 over ask. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left.

Loan Officers 384

Loan Officers Marketing Inventory Real Estate Agent 384

Housing Wire

AUGUST 24, 2023

However, in a recession, a weaker labor market, tighter credit, and lower consumer confidence would act as downward pressure on housing, Fannie Mae noted. In contrast, new home sales and construction, while choppy in recent months, have generally been on an upswing. Single-family housing starts jumped in July by 6.7%

Construction 284

Construction Retail Mortgage Contracts 284

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 450

Mortgage Brokerage Retail Business 450

Housing Wire

OCTOBER 29, 2021

As such, we were one of the few lenders in the country that refused to offer subprime loans. At the time, that decision cost us loan officers left and right as they departed for firms that would let them originate anything they wanted. Our company has been through six major market cycles now, and that remains true to this day.

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Loan Officers Insurance Business Finance 370

Housing Wire

DECEMBER 15, 2021

HousingWire: What are the current challenges when it comes to affordable housing? Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. Loan officers and brokers need to reconnect with past clients and show their value. That value lies primarily in our knowledge and expertise.

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Finance Construction Law Inventory 397

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. Healthy Housing Market Purchasing a house is a significant investment, so it helps to know the local housing market is healthy.

Logistics 36

Logistics Housing Market Investing Loan Officers 36

Cornerstone

JANUARY 19, 2021

These are the highlights: The expert outlook on the 2021 housing market is optimistic. Mortgage rates are expected to stay low, and increased buyer demand is anticipated to spur more home sales and keep driving up housing prices. Is there a Cornerstone office near you? 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 80

Appraisal Contracts Business Construction 80

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. where Busch originates loans, jumbos comprised 32.4% from June 2022.

Insurance 370

Insurance Mortgage Clients Lending 370

Raleigh Realty

APRIL 24, 2022

As a veteran, you may want to pay extra attention to an area's: Department of Veteran Affairs (VA) facilities; Hospitals; Housing market; Job market; Noise and activity levels; Proximity to family and friends; Veteran-friendly activities, events, and atmosphere. When searching, keep in mind any accommodations you may need.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Government 78

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Black homeownership rates have declined from 48.4% in 2001 to 44.8%

Insurance 384

Insurance Construction Government Lending 384

Assurance Financial

MARCH 18, 2021

Our licensed loan officers can help you determine whether a refinance makes sense for you and assist you in navigating the process. Maybe you live in an expensive housing market or maybe you just want a large, beautiful home. Whatever the case, a jumbo loan can help you finance the home of your dreams.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Appraisal Today

AUGUST 13, 2023

High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Dear Sellers, the housing market misses you It’s tough to value properties today! garage as well.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Housing Wire

JANUARY 21, 2021

An estimated 1.380 million housing units were started in 2020 – 7% percent above the 2019 figure of 1.29 Remarkably, most industry experts believe construction rates will climb even higher in 2021. “More construction also means more local job creation,” he said.

Construction 542

Construction Loan Officers Realtors Buyers 542