Remove Contracts Remove Inventory Remove Loan Officers Remove Retail
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Revolution Mortgage snags top loanDepot loan officers

Housing Wire

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets.

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Home loan demand increases despite higher mortgage rates

Housing Wire

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. retail residential mortgage applications.

Mortgage 389
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Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? Nunes: Surging mortgage rates is one challenge, but inventory is another. So, people who say inventory and rates and it’s bottom and it’s struggling, they just have a loser’s mentality. They buy loans.

Retail 353
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. On average, about 50% of referrals to a retail LO come from buyers’ agents, VanFossen said.

Buyers 501
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ChatGPT for Appraisers

Appraisal Today

Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. from 0.68 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraising Airbnb Properties

Appraisal Today

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21 from 0.66 (including the origination fee) for 80 percent LTV loans.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

The mortgage loan officer handling the loan? Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. Was it the borrower? A Zillow Zestimate?