Housing Wire

JULY 30, 2024

In response to a poaching lawsuit filed two months by Home Mortgage Alliance Corp. The OCMBC counterclaim brings eight counts, including defamation, breach of contract, fraud and unfair business practices. dba Jet Advantage Mortgage, and Jet Alliance’s wrongful conduct with blatant misdirection.” dba In-House Lender.

Sellers 437

Sellers Business Contracts Mortgage 437

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates.

Construction 532

Construction Buyers Development Contracts 532

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 397

Lending Business Retail Client Relationships 397

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. “We FHFA was comfortable approving VantageScore 4.0 that use trended credit bureau data.

Legal 447

Legal Mortgage Contracts Insurance 447

Housing Wire

FEBRUARY 23, 2021

Then, mortgage rates plummeted to historic-lows , opening the homebuying floodgates and propelling prices skyward. gain “marks the best performance of housing prices in a calendar year since 2013,” said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones. December 2020’s 10.4%

Inventory 468

Inventory Finance Contracts Construction 468

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. When the pandemic forced a shutdown of the economy, Congress gave blanket permission for any affected consumer to place their mortgage in forbearance,” Schwartz said.

Lending 435

Lending Contracts Investors Technology 435

Housing Wire

AUGUST 22, 2024

I could always show it and then negotiate up the BBC in the contract but figured, why go through the hassle when we have three other great listings paying 2.5-4%. For example, of the top 10 brokerages by closed sides in 2013, only three remain in the top 10 in 2023.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

OCTOBER 28, 2021

Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets. Broader market considerations also come into play.

Mortgage 472

Mortgage Contracts Insurance Realtors 472

Housing Wire

OCTOBER 23, 2020

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. Contracts during this time also skyrocketed 62%. The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years. So it’s been a crazy year.

Housing Market 537

Housing Market Marketing Real Estate Agent Real Estate 537

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. My housing economic mindset really starts from 1996 as mortgage rates are much lower now than in previous decades. Of course, today is a much different story; our demographics are much better, and mortgage rates are lower.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

APRIL 7, 2023

When this back and forth was unfolding, mortgage demand rose 2.9% compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. Don’t leave it up to them to translate the noise they’ll likely encounter on their voyage.

Retail 418

Retail Real Estate Clients Modernization 418

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Outright sales of 2% and 2.5%

Marketing 397

Marketing Investing Mortgage Investors 397

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. We had missed sales estimates in 2013, 2014 and 2015. It’s more complicated with mortgage rates near 6% than with mortgage rates near 4%.

Construction 370

Construction Housing Market Sellers Real Estate 370

Appraisal Buzz

AUGUST 12, 2024

Since the first transaction in 2013, Freddie Mac has credit protected more than $2.5 trillion unpaid principal balance (UPB) of mortgage loans via $35 billion of ACIS coverage with (re)insurers. billion, protecting more than $99 billion UPB of mortgage loans. Issuance included three STACR and four ACIS transactions.

Insurance 195

Insurance Contracts Investing Mortgage 195

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 397

Lending Mortgage Real Estate Loan Officers 397

MN Real Estate Services

JUNE 24, 2016

Perhaps due to Brexit, financing costs for mortgages are now at 3 year lows. Mortgage applications up 3% on lowest rates in three years. Total mortgage application volume increased 2.9 percent last week on a seasonally adjusted basis from the previous week. percent, from 3.79 percent, with points increasing to 0.33

Finance 78

Finance Realtors Real Estate Retail 78

Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. Varies widely around the country. == Mortgage applications increased 1.1

Appraisal 89

Appraisal Real Estate Contracts Business 89

Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

Appraisal 77

Appraisal Contracts Business Mortgage 77

Lamacchia Realty

JANUARY 30, 2024

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. 2023 concluded with the fewest pending sales since 2013. Maine Sales Decreased by 18.9% Pending Sales Decreased by 16.4%

Inventory 71

Inventory Sellers Buyers Contracts 71

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. I quit commercial lender appraisals when my local bank was bought out in 2013 (competitive bidding for low fees). Too cyclical.

Appraisal 69

Appraisal Modernization Training Business 69

Appraisal Today

DECEMBER 2, 2022

NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. Sold 4/1/2013 for $998,000. trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5% Mortgage applications decreased 0.8

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

McKissock

DECEMBER 15, 2020

The VA uses state-licensed or state-certified appraisers to provide opinions of value for the homes on which it guarantees the mortgages. From 2004 to 2013, Dan was a member of the Pennsylvania State Board of Certified Real Estate Appraisers, serving for five years as vice-chairman and three years as chairman.

Appraisal 53

Appraisal Property Appraisal Contracts Real Property 53

Birmingham Appraisal

FEBRUARY 13, 2024

A pending sale where the borrower is approved with financing and the property appraises for the contract amount and is just waiting to close is much better than one that just went under contract yesterday. With the increase in mortgage interest rates in early 2022 many buyers that could not afford the higher payments left the market.

Real Estate 64

Real Estate Inventory Buyers Appraisal 64

Appraisal Today

DECEMBER 23, 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 mortgage rate forecast, Humor, adjustments, George Dell, unusual homes, mortgage origination stats, etc. ==. Last remodel: 2013.

Appraisal 52

Appraisal Contracts Mortgage Modernization 52

McKissock

SEPTEMBER 15, 2020

My CE course contains a few examples where a mixed-use property or a commercial property is appraised as a residential property in order to obtain a residential mortgage; this can sometimes be considered the improper use and/or disclosure of a hypothetical condition. Appraisal report does not meet USPAP requirements.

Appraisal 52

Appraisal Property Appraisal Real Property Law 52

McKissock

JULY 24, 2020

Individual mortgage lenders file complaints, appraisers file complaints against other appraisers, and sometimes attorneys file complaints. From 2004 to 2013, Dan was a member of the Pennsylvania State Board of Certified Real Estate Appraisers, serving for five years as vice-chairman and three years as chairman.

Appraisal 53

Appraisal Law Government Real Estate Agent 53

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. ==. 156-acre site.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. Off and on the market since 2013. Chuck Norris eats 7% mortgage rates for breakfast. Mortgage applications decreased 3.7

Appraisal 52

Appraisal Inspection Easement Contracts 52

The People's Appraisal Blog

JANUARY 30, 2019

Services they provided for a Lender, Mortgage Company or Bank through an Appraisal Management Company or AMC as they are known. Overnight many of these Amcs were formed and began entering into contracts with the lenders to perform the duties of managing the appraisal process as Agents of the Lenders. Notice how Agents is in Bold?

Appraisal 36

Appraisal Law Agents Real Estate 36

Movoto

JULY 31, 2024

This episode is eye-opening and should be at the top of the list for anyone interested in replacing their mortgage with income. It is shocking how much $1,000 a month can do for someone, like completely covering your mortgage every month. The other angle is buying a house and then figuring out how to replace your mortgage with income.

Real Estate 36

Real Estate Open Houses Brokerage Agents 36

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. Mortgage rates have risen by about 1.6 An $800,000 mortgage last year at 3% would require a monthly payment of about $3373. soaring interest rates (bad!)

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MARCH 14, 2022

Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S., My lender friends in Seattle are quoting mortgage rates of around 4% (plus or minus an-eighth of a point), depending on individual circumstances. off their 2022 high of 3.92% (the highest level since May 2019).

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Housing Wire

DECEMBER 16, 2024

” Smith joined Flagstar Bancorp in 2013 as chief operating officer and most recently served as president of mortgage. His prior roles include partner at Matlin Patterson Global Advisers LLC , a private investment firm. Smith has a degree in economics and accountancy from Loughborough University in England.

Contracts 353

Contracts Investing Mortgage 353

Housing Wire

JANUARY 25, 2025

10-year yield and mortgage rates My 2025 forecast includes: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.70%-3.80% For all the smoke and jazz that happened last week, mortgage rates were actually very dull. I addressed Trumps demand for lower mortgages in this podcast.

Inventory 468

Inventory New Listings Contracts Housing Market 468

Appraisal Today

DECEMBER 13, 2024

Unique Properties, Rocket Mortgage Sues HUD, Trump Shifts in Housing Market? Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies Donald Trumps Second Term Could Bring Significant Shifts to the Housing Market Report: Whats Driving the Recent Refi Boom? Mortgage applications increased 5.4

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77