Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. One top-producing California -based loan officer said she was excited when a top 35 mortgage lender tried to recruit her with the promise of multiple pricing buckets.

Loan Officers 458

Loan Officers Clients Law Legal 458

Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

Lending 379

Lending Technology Tools Loan Officers 379

Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Obviously, you need legal counsel, but you may also need USPAP counsel as well. Mortgage applications increased 3.0

Appraisal 75

Appraisal Mortgage Business Contracts 75

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible.

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Appraisal Today

APRIL 26, 2024

What should appraisers look for in a sales contract? NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. April 24, 2024) — Mortgage applications decreased 2.7

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

D Fritz Appraisals

FEBRUARY 22, 2023

Taking equity out of your home to buy another house can be a financially advantageous option, as it allows homeowners to tap into the built-up value of their primary residence without worrying about saving up for a second mortgage. Homeowners can access this equity through refinancing, taking out a second mortgage or HELOC.

Real Estate 124

Real Estate Investing Appraisal Market Value 124

Eppraisal

JANUARY 23, 2024

    Exploitive Lending and Mortgage Relief There have been 35 mortgage relief scams filed by the Federal Trade Commission in recent years, in which scammers promise to negotiate your rate with mortgage lenders, audit loan paperwork or provide legal services for a fee.

Legal 36

Legal Real Estate Agent Lending Real Estate 36

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?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Eppraisal

JULY 21, 2023

Rent-to-own contracts involve intricate legal and financial considerations, which can vary significantly from one region to another. Navigating these legal complexities can be cumbersome for both buyers and sellers, leading many to opt for more straightforward and traditional sales methods.

Real Estate 36

Real Estate Sellers Investors Finance 36

Housing Wire

MARCH 7, 2022

Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration. The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. Perhaps “cash-strapped” county governments may yet use a blockchain platform on a pilot basis, Ozair said.

Real Estate 485

Real Estate Law Inspection Agents 485

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services.

Appraisal 74

Appraisal Training Lending Land Management 74

Zillow

JULY 15, 2019

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Quicken Loans

JUNE 7, 2021

You might not think you’ll ever need to understand the basics of power of attorney, which is the act of granting someone else the power to sign legal documents on your behalf. A power of attorney is a form required to grant someone else the power to sign legal documents on your behalf. How Does Power Of Attorney Work?

Legal 60

Legal Agents Contracts Design 60

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. When reading contracts, words will always have their ordinary meaning unless defined otherwise. adjective.

Valuation 360

Valuation Contracts Appraisal Legal 360

Appraisal Today

AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae.

Appraisal 52

Appraisal Business Contracts Advertising 52

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. mortgage industry drives the best in consumer options and experience.

Business 539

Business Retail Mortgage Lending 539

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 384

Lending Mortgage Real Estate Loan Officers 384

PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. After all, you’re already paying a down payment, potentially a mortgage payment, and potentially other fees. From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. Closing Fee. Courier Fee.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Quicken Loans

APRIL 12, 2021

Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. The lender is allowed to take back the home because a mortgage is a secured loan.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Houston Properties

JANUARY 13, 2021

COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Household Finances – The Best (Ever).

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. You can then check with the government department that issued the qualification to confirm it is in good standing.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Appraisal Today

FEBRUARY 16, 2024

Preservation restrictions, often governed by the National Register or local historical commissions, can add value by ensuring the property’s integrity. My comments: MORTGAGE LENDING IS VERY SLOW NOW. percent from one week earlier = Mortgage applications decreased 2.3 February 14, 2024) — Mortgage applications decreased 2.3

Appraisal 81

Appraisal Contracts Training Architecture 81

Appraisal Today

APRIL 1, 2023

This begs the question of why two reviewers went out of their way to compliment my work, when it seems that almost every mortgage assignment that I complete for a production group, comes back with stipulations. Changing rules A few years ago, appraisers could work directly for mortgage companies without any issue. Worth reading.

Clients 52

Clients Appraisal Contracts Business 52

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Will Springer Realtor

APRIL 6, 2021

Mortgage options vary just like the number of home types available for purchase. In Seattle, getting a mortgage on a home at Madison Tower is different than, say, Insignia Towers, and just as it’s different when buying new construction at KODA (opening soon) versus Nexus (open for more than a year now).

HOA 36

HOA Mortgage Buyers Insurance 36

The Robert Weiler Company

SEPTEMBER 7, 2022

Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. Consider this: Central Ohio homes under contract in June 2021 proved to be the best for the month and a record high for any month, ever! Offer a Land Contract: What is a land contract? Don’t believe it’s time to sell?

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

APRIL 10, 2024

However, this poses its own risks, as listing agents are legally obligated to prioritize their contractual relationship with the seller. The average mortgage holder paid $4.90 For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. The settlement could be rejected or amended. (A

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 356

Renovations Investing Real Estate Marketing 356

Housing Wire

NOVEMBER 30, 2023

From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent. Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today.

Real Estate 420

Real Estate Real Estate Agent Law Inspection 420

Will Springer Realtor

MAY 13, 2024

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. Prices rose, too, to near-record highs.

HOA 36

HOA Transportation Construction Buyers 36

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

Valuation 69

Valuation Technology Lending Real Estate 69

Housing Wire

APRIL 7, 2021

. “My concern is that the bureau is overstepping its bounds and violating in essence agreements that have already been previously made,” said Dave Stevens, chief executive officer of Mountain Lake Consulting and former CEO of the Mortgage Bankers Association. But data shows that servicers are already serving borrowers well.

Investors 432

Investors Legal Contracts Government 432

Will Springer Realtor

JULY 13, 2023

Local government, developers, architects and others will need to step up and take responsibility for the sake of our city. It is lack of labor, land/lots, lumber/materials, lending for builders and land developers and ever-costly legal/regulatory costs,” he said. This is a time for leadership and for action,” Smith said.

Construction 36

Construction Supply Chain Real Estate Development 36

Housing Wire

JULY 8, 2022

Recently, the Federal Housing Finance Agency (FHFA) announced that mortgage lenders will be required to include in loan packets the Supplemental Consumer Information Form (SCIF), which registers a borrower’s language preference, in order for those loans to be eligible for sale to Freddie Mac or Fannie Mae.

Law 397

Law Advertising Contracts Government 397