Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? On a side note, I’m definitely noticing some familiar agents listing bank-owned homes right now (mostly people who were big REO agents back in the day). In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

PennyMac

JULY 25, 2022

What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. In a conventional loan, you’ll be expected to pay at least 3% of the total loan as the down payment.

Insurance 36

Insurance Government Investing Mortgage 36

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Homeowners Insurance. Insurance also protects you against theft.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. When banks do jumbo loans, they want to have money from the client in the bank.

Insurance 370

Insurance Mortgage Clients Lending 370

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Housing Market 441

Housing Market Marketing Brokerage Real Estate 441

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The nation’s biggest banks stepped in to stabilize the lender with $30 billion of their own money, giving the Federal Depository Insurance Corporation time to find a buyer. After a weekend of negotiations, the FDIC sold First Republic to JPMorgan.

Marketing 370

Marketing Retail Mortgage Investors 370

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). My comments: Definitely a Luxury Home! ==. Lenders want fire insurance for all mortgage loans. Is there room for more improvement?

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

MAY 12, 2023

Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical. I agree that I would be world-famous and rich if I could predict mortgage lending cycles! The insurance policies were based on reproduction cost, not replacement.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

MARCH 29, 2022

Redlining is a five-alarm word in the lexicon of American racism, but it really has a quite specific definition: The denying of credit in non-white, particularly Black neighborhoods. And HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities. But there was a catch.

Lending 370

Lending Government Law Mortgage 370

Will Springer Realtor

MARCH 30, 2021

Here are 11 thoughts, gathered from experienced real estate agents, and shared with you: Financial backing – Before considering offers, buyers should speak with their lender to request a letter that states they are strong candidates for a mortgage loan to cover the cost of the home.

Inspection 36

Inspection Sellers Buyers Real Estate 36

Clear Capital

SEPTEMBER 29, 2021

” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon. So it’s something that is definitely worth further investigation. My professional background is out of finance and lending. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69

Housing Wire

FEBRUARY 7, 2022

Being labeled a redliner can cause lasting reputational damage because of its association with the historic definition of redlining, which federal policy supported for decades. It has begun to restore HUD’s discriminatory effects standard and requested a 17% budget increase for the Office of Fair Housing and Equal Opportunity for enforcement.

Insurance 370

Insurance Modernization Lending Mortgage 370