Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. Companies may be struggling in one way or another.

Loan Officers 328

Loan Officers Marketing Retail Renovations 328

Housing Wire

SEPTEMBER 27, 2023

According to Paasonen, when the housing market is contracting, Maxwell is doubling down on its origination infrastructure to become a “one-stop shop for lenders.” Meanwhile, Colorado-headquartered Maxwell claims it has facilitated over $275 billion in loan volume to date and serves more than 300 lenders nationwide.

Lending 360

Lending Technology Loan Officers Clients 360

Housing Wire

MAY 10, 2023

This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. I sent pre-approvals two-to-three times a day, and then there are 30-plus offers on the homes and I virtually never get contracts,” one veteran loan officer told HW in late March.

Loan Officers 327

Loan Officers Marketing Inventory Real Estate Agent 327

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 463

Buyers Marketing Sellers Loan Officers 463

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire.

Mortgage 381

Mortgage Loan Officers New Listings Government 381

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. There were very low levels of mortgage applications in the weeks prior to the surprising uptick.

Mortgage 351

Mortgage Loan Officers Investors Government 351

Housing Wire

FEBRUARY 11, 2022

“Bad news for the general economy is paradoxically good for the housing market in so far as rates would decline,” said Len Kiefer, deputy chief economist of Freddie Mac. Few industries are as impacted by market fluctuations as housing. Margins have already fallen in the case of Wells Fargo and loanDepot.

Mortgage 382

Mortgage Contracts Loan Officers Insurance 382

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. And as a result, few mortgage loan officers have experience or comfort with the product. Tozer suggested “a fee of 1.3%

Mortgage 358

Mortgage Loan Officers Government Buyers 358

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 382

Mortgage Construction Lending Real Estate 382

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. .

Loan Officers 366

Loan Officers Retail Lending Contracts 366

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

Housing Wire

NOVEMBER 17, 2022

Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. First, the non-QM market is poised for long-term, sustainable growth. As demands grows, competition for non-QM loans will, too.

Lending 294

Lending Investors Real Estate Agent Loan Officers 294

Housing Wire

JUNE 30, 2021

Even amid the current appraisal shortage and challenges within the housing industry, PCV Murcor helps move the appraisal process forward by creating a service-first culture while also mitigating risk and compliance exposure. Despite uncertain economic times, the housing market experienced a surge during the pandemic.

Clients 381

Clients Valuation Real Estate Appraisal 381

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value. I kid you not!

Inventory 243

Inventory Market Value Appraisal Contracts 243

Appraisal Buzz

MAY 17, 2021

As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 259

Construction Retail Mortgage Contracts 259

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. As the heat rises, so too does the number of lenders seeking to exit the market.

Mortgage 364

Mortgage Marketing Buyers Lending 364

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. As CoreLogic’s Chief Appraiser Shawn Telford explains : “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support. For educational purposes only.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

PennyMac

JANUARY 2, 2024

It differs from a typical rate lock since you lock in the rate while shopping for a house—with the intention that you’ll find one in the next 60 days or so—and lock the rate once you go under contract. A BuyerReady Certification is Pennymac’s unique loan certification process that can tell you the mortgage amount you could qualify for.

Mortgage 36

Mortgage Contracts Loan Officers Marketing 36

McKissock

JANUARY 18, 2022

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market.

Business 74

Business Retail Realtors Loan Officers 74

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. percent from 7.31 percent, with points decreasing to 0.69

Appraisal 80

Appraisal Contracts Business Construction 80

Cornerstone

JULY 1, 2021

It’s also the question most real estate agents and housing authorities are asking: “When will sellers start returning to the market?” Having such a shortage of homes has made the housing market even more competitive for prospective buyers, creating a strong seller’s market. Got questions? We’ve got answers.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Appraisal Today

AUGUST 13, 2023

Dear Sellers, the housing market misses you It’s tough to value properties today! How does your market compare with Ryan’s? To read more, click here My comments: I remember the easy days before 2020, with enough sales, listings and pendings to figure out the market. To read more, click here My comments: Good comments.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JANUARY 12, 2024

2024 Housing Market Predictions and Insights for Appraisers January 8, 2024 By Kevin Hecht Mortgage rates The 30-year fixed mortgage rate is predicted to average 6.5–6.8% Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers?

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Love your loan as much as you love your new house.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Realtor

DECEMBER 15, 2016

But although the appraiser is hired by the buyer, “The appraiser doesn’t represent the seller or the buyer,” says Joe Parsons , senior loan officer at PFS Funding in Dublin, CA. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

But although the appraiser is hired by the buyer, “The appraiser doesn’t represent the seller or the buyer,” says Joe Parsons , senior loan officer at PFS Funding in Dublin, CA. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Appraisal Today

OCTOBER 14, 2022

I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. The news that job growth and wage growth continued in September is positive for the housing market, as higher incomes support housing demand. from 0.79 (including the origination fee) for 80 percent LTV loans.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Assurance Financial

DECEMBER 20, 2021

The approval process for a short sale usually takes longer than for a traditional sale since the seller has to convince the lender they can’t pay off their loan. If you sell your home quickly, you might have to find temporary housing before purchasing your new home. Bridge Loan. Linked Sources: [link].

Mortgage 74

Mortgage Sellers Buyers Finance 74

PennyMac

JUNE 28, 2022

This fee will cover the attorney preparing and reviewing agreements and contracts. To close on a house, you’ll need to pay whoever handles the closing for their services. Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates.

Insurance 36

Insurance Property Taxes Sellers Inspection 36