Housing Wire

DECEMBER 15, 2021

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. from the week prior.

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Inventory Contracts Government Mortgage 408

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

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Mortgage Marketing Buyers Sellers 369

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

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Mortgage Contracts Design Government 402

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They come in the forms of grants, second mortgages, deferred loans and forgivable loans. said Michael Ullmann, a producing branch leader at Movement Mortgage.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Government Real Estate Agent Insurance Property Taxes 148

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement. This person represents the best interests of the mortgage company.

Contracts 55

Contracts Buyers HOA Inspection 55

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

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Agents Buyers Sellers Inventory 409

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

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Buyers Agents Loan Officers Real Estate 396

Housing Wire

JUNE 9, 2022

That bolt-like spike in rates put many mortgage lenders into crisis mode. Still, a good portion of the lower-rate mortgage paper has worked its way through the system and is being replaced by higher-rate mortgage loans. Interest rates jumped by more than 2 percentage points over the first quarter of 2021.

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Marketing Contracts Technology Mortgage 382

Realtor

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. ” And did we mention that economists expect mortgage rates to rise? Some sellers are even receiving dozens of all-cash offers.

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Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. “They’ve had a manageable budget due to mortgage forbearance. .

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Mortgage Government Contracts Insurance 374

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Outright sales of 2% and 2.5%

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Marketing Investing Mortgage Investors 381

Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022. You have to get a different kind of contract. Fannie does not. …We

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Mortgage Investors Finance Contracts 363

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Meanwhile, sellers are anchored to another market completely, he said. In 2018 the discount was 5.2%.

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Marketing Real Estate Appraisal Sellers 221

Realtor

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at HomeTown. ” And did we mention that economists expect mortgage rates to rise? Some sellers are even receiving dozens of all-cash offers. Get pre-approved ASAP.

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Mortgage Real Estate Agent Buyers Real Estate 78

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 77

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.

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Appraisal Inspection Real Estate Agent Training 410

Eppraisal

DECEMBER 6, 2022

An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. The problem for property sellers is that their sale might be a casualty of this tightening. Similarly, higher rates might price some purchasers out of receiving mortgage loans.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

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Appraisal Contracts Business Construction 77

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. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Department of Agriculture (USDA).

Mortgage 384

Mortgage Construction Lending Real Estate 384

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There Land Loan A land loan differs from a home mortgage in that the collateral does not include any structure. Why does this matter?

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Development Finance Sellers Home Value 36

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

PennyMac

MARCH 4, 2024

If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. A good mortgage lender is a valuable resource and can make the home-buying process easier and less stressful. Mortgage brokers. When comparing lenders, it’s worth taking your time and choosing carefully.

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Loan Officers Insurance Mortgage Sellers 65

Hank Miller Team

JULY 12, 2023

Owners Love Low Mortgages Pretty simple. During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. Why give up that sweet mortgage rate? mortgaged homeowners have a rate below 6, 82.4 Fewer buyers, fewer contract and sales.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Zillow

JULY 15, 2019

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Housing Wire

APRIL 19, 2021

The most surprising truth here is that the mortgage industry, awash with profits from the past year or so, has turned an almost blind eye toward these steps. In fact, he works for an FHFA director who controls everything from executive hiring decisions, public communications and mortgage policy. But where is the private sector?

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Mortgage Government Investors Marketing 516

Genworth MI Blog

AUGUST 31, 2022

Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues.

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Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 484

Real Estate Law Inspection Agents 484

Eppraisal

JULY 21, 2023

Let's examine the current status of rent-to-own agreements and explore whether they remain a viable option for both buyers and sellers. As property prices soared in many regions, sellers are less inclined to offer rent-to-own options. One of the primary reasons for this decline is the revitalization of the housing market.

Real Estate 36

Real Estate Sellers Investors Finance 36

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. Repurchase requests are prompted after GSE quality-review teams uncover underwriting errors in mortgages purchased by the agencies. “It

Mortgage 370

Mortgage Marketing Buyers Lending 370

Appraisal Today

JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. 2) Many sellers are distracted by hot headlines from the past. Mortgage applications increased 0.7 Mortgage applications increased 0.7

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Appraisal Contracts Insurance Real Estate 52

Housing Wire

FEBRUARY 7, 2024

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. The update also clarifies the qualifying interest rate for adjustable-rate mortgages (ARMs) with terms of 7 and 10 years, respectively.

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Retail Project Management Insurance Landlords 432

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. They really help.

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Appraisal Business Contracts Real Estate 72

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. That’s blatantly wrong.

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Contracts Inventory Housing Market Buyers 404

Hank Miller Team

MAY 3, 2022

One thing that's not debated, the mortgage rate increases (with more promised) have been an ice bucket challenge to the market. Does it matter though if we go from 6 days to 9 days for homes to go under contract? Are we returning to the normal "spring market" where listings in highly desirable school districts pour in?

Real Estate 52

Real Estate Marketing Buyers Inventory 52

PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller.

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Insurance Property Taxes Sellers Inspection 36

Housing Wire

OCTOBER 12, 2022

The latest forecast also projects total mortgage origination activity at $1.6 The mortgage market is projected to slip further to $1.3 trillion in 2023, according to the government-sponsored enterprise. annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7%

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Contracts Modernization Housing Market Mortgage 421