Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint.

Loan Officers 339

Loan Officers Retail Lending Renovations 339

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 361

Mortgage Loan Officers Retail Finance 361

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 351

Tools Mortgage Finance Lending 351

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 371

Inventory Renovations Supply Chain Buyers 371

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. Licensed in 23 states across the country, PrimeLending has 150 branches including satellite and primary retail locations. Companies may be struggling in one way or another.

Loan Officers 335

Loan Officers Marketing Retail Renovations 335

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. The performance gap between foreclosure sale dispositions and retail REO sale dispositions widened to 40 points in the downshifting 2022 market. If it’s not moving, change the pricing so it does move.

Housing Market 356

Housing Market Renovations Marketing Retail 356

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage. higher than last year.

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Construction 429

Construction Renovations Transportation Real Estate 429

Housing Wire

FEBRUARY 15, 2023

California-based retail lender American Pacific Mortgage (APM) has made leadership changes while continuing to eye expansion in the Midwest and Southeast. We believe these changes position American Pacific Mortgage for continued growth and stability.” FoA) months after it shut down its forward mortgage segment.

Retail 305

Retail Renovations Loan Officers Lending 305

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in the four weeks ending June 26 dropped 1.5%

Housing Market 384

Housing Market Buyers Marketing Retail 384

Housing Wire

JULY 14, 2022

The higher owner-occupancy rate for distressed properties sold at auction than those sold on the MLS is a surprising stat given that the MLS is much more broadly known to retail, owner-occupant buyers. The role of renovators. A deeper dive into the data helps to explain this surprising result. I buy local.

Renovations 325

Renovations Investors Buyers Retail 325

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. They are able to pay with cash, take on bigger renovations and provide current occupants with a graceful exit.

Renovations 329

Renovations Buyers Development Insurance 329

Housing Wire

APRIL 27, 2021

It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months. Finance of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market.

Finance 368

Finance Lending Retail Renovations 368

Housing Wire

FEBRUARY 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

Lending 324

Lending Renovations Construction Finance 324

Housing Wire

OCTOBER 17, 2023

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

Buyers 374

Buyers Retail Market Value Real Estate Agent 374

Housing Wire

DECEMBER 12, 2022

The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market.

Marketing 366

Marketing Lending Retail Clients 366

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. ” Amazing, right?

Appraisal Process 351

Appraisal Process Appraisal Valuation Renovations 351

Housing Wire

APRIL 2, 2021

The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading Monday following the completion of its merger with blank-check company Replay Acquisition Corp. Like virtually all mortgage lenders, FOA posted record profits and originations in 2020.

Finance 257

Finance Renovations Investors Retail 257

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? “The best time to buy is when it makes sense in your life.”

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 367

Business Loan Officers Clients Inventory 367

Appraisal Buzz

SEPTEMBER 26, 2022

Mortgage credit is tight, blocking out many potential new buyers. With less confidence, some homeowners turn to renovations on their current homes. Strategies include allowing for more small balance mortgages, underwriting flexibilities and reduced fees. Using Commercial Retail Space for Tax Revenue.

Construction 195

Construction Supply Chain Buyers Retail 195

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M It’s important to understand the difference between updates and renovations.

Tools 64

Tools Appraisal Renovations Design 64

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? Mortgage rates were at historic lows for months, but they’re beginning to edge higher.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Empire Appraisal Group

DECEMBER 28, 2023

But the nation’s biggest home improvement retailer still topped expectations for the quarter. Few people are moving from their homes after locking in ultralow mortgages at or below 3%. Sales at stores open at least a year, a key gauge of a retailer’s health, dropped 3.1%. Sales of previously occupied U.S. In the U.S.,

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78

The Robert Weiler Company

MARCH 28, 2021

The sector offers a head-spinning amalgam of residential, commercial, hotel, and retail space; however, each piece harmonizes to form an immediate community. Typically, a property owner who rents a standalone retail store or building risks a substantial decrease in revenue should they lose a tenant. Retail District Retrofit.

Investors 158

Investors Tenants Real Estate Retail 158

Dart Appraisal

APRIL 30, 2021

Vacant land, retail, industrial, multi-family, etc. . Planned renovations? Dart Appraisal Discusses Appraisal Changes On Reverse Mortgages. The following are typical must-knows for an appraiser before accepting a commercial assignment: What is the property type? What is the property location, and when is the report due? .

Contracts 69

Contracts Appraisal Tips Appraisal Clients 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%

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

FEBRUARY 16, 2024

Many downtown mixed-use buildings (retail and apartments) are in my city. NOTE: Please scroll down to read the other topics in this long blog post on appraiser fights back against bias accusation, ok behavior when taking Zoom CE classes, estate appraisal liability issues, unusual homes, mortgage origination stats, etc. =

Appraisal 80

Appraisal Contracts Training Architecture 80

Appraisal Today

APRIL 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. April 24, 2024) — Mortgage applications decreased 2.7 The refinance share of mortgage activity decreased to 30.8

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

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. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Housing Wire

APRIL 25, 2024

Whether you want to help your buyers visualize what an empty listing might look like furnished, help them find local contractors, or get them excited about renovating a fixer-upper, Houzz can help. Already have a lender you love? Invite them to join Curb Hero.

Real Estate 340

Real Estate Agents Open Houses Tools 340

Appraisal Today

APRIL 21, 2023

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. Mortgage applications decreased 8.8

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. Remember the old days with personal relationships with mortgage brokers? January 17, 2024) — Mortgage applications increased 10.4

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Appraisal Today

NOVEMBER 3, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. Mortgage markets navigate through a storm This year, mortgage markets have been stirred by significant volatility.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Appraisal Today

JULY 7, 2023

Despite the home’s age, it isn’t a money pit or desperate for a renovation. While higher mortgage rates remain a challenge, the year-over-year price decrease may help stimulate future sales. Varies widely around the country. == Mortgage applications decreased 4.4 July 6, 2023) — Mortgage applications decreased 4.4

Appraisal 76

Appraisal Real Estate Contracts Mortgage 76

Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. After 1979, mortgage rates went up to 18%. Some got teller jobs in bank retail locations. With four bedrooms and 4.5

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52