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. billion, according to data from Inside Mortgage Finance.

Loan Officers 360

Loan Officers Marketing Retail Renovations 360

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Other indices put mortgage rates even higher. It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. Randy Howell, president of Mortgage Power Inc.

Mortgage 384

Mortgage Contracts Loan Officers Insurance 384

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 381

Mortgage Loan Officers Government Buyers 381

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 410

Lending Technology Loan Officers Clients 410

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

SEPTEMBER 1, 2020

There’s a lot of mortgages to be processed. “Activity [in New York City] has definitely picked up in the last month-and-a-half since showings resumed,” said Melissa Cohn , a mortgage lender and broker with William Raveis Mortgage. “People are out there, they’re looking for the best deal.”

Loan Officers 401

Loan Officers Retail Lending Contracts 401

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 384

Clients Valuation Real Estate Appraisal 384

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.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

PennyMac

JANUARY 2, 2024

When you’re buying a house, you have more to consider than just which property to purchase. You’ll need to understand the mortgage process, including if and when you should apply for a rate lock. What Is a Mortgage Rate Lock? What Is a Float-Down Loan Option? When Should You Lock Your Mortgage Rate?

Mortgage 36

Mortgage Contracts Loan Officers Marketing 36

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).

Mortgage 384

Mortgage Construction Lending Real Estate 384

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

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.

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Inspection Appraisal Marketing Appraisal Process 78

McKissock

JANUARY 18, 2022

Dale Schaechterle, the founding partner and CEO at Realty Executives Integrity , shares with Forbes that the services of a good real estate agent are essential for a first-time home buyer given the complicated network of mortgage rates and tax laws that they will have to navigate. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

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. I have about five loan officers helping me, and I have more than 30 processors and assistants helping me.

Business 74

Business Retail Realtors Loan Officers 74

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. We have calls with lenders every single week in that category.”

Mortgage 370

Mortgage Marketing Buyers Lending 370

Cornerstone

JULY 1, 2021

.* Sellers who list may find a golden opportunity: Right now, you’re likely to sell your house quicker and at a better price. This summer, sellers benefit from the fact that mortgage rates still hover around the rock-bottom lows seen during last year’s COVID crisis. ICE Mortgage Technology, April 2021. Got questions?

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

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

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 367

Loan Officers Marketing Inventory Real Estate Agent 367

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. The timing is right from the capital markets perspective, too.

Lending 337

Lending Investors Real Estate Agent Loan Officers 337

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 279

Construction Retail Mortgage Contracts 279

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.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Topics include: The Fed, Home Sales, Employment, Mortgage Rates and Commercial Real Estate.In This post analyzes the recent data and insights, highlighting potential impacts and the overarching market conditions.

Appraisal 79

Appraisal Contracts Business Construction 79

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Consider the increasing housing supply and its impact on property values. baths, 7,455 sq.ft., Bright MLS – 6.1 Bankrate – 5.78

Appraisal 66

Appraisal Contracts Mortgage Marketing 66

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. Dossman says this is the most common outcome. Appeal the appraisal.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. Dossman says this is the most common outcome. Appeal the appraisal.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

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. Lean on your loan officer for guidance.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. How does your market compare with Ryan’s?

Appraisal 73

Appraisal Contracts Real Estate Agent Mortgage 73

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Insurance Real Estate Business 52