Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception.

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s There are also advantages to working with buyers in a less competitive marketplace.

Loan Officers 418

Loan Officers Mortgage Inventory Clients 418

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. At least one occupying borrower must be a first-time homebuyer, and the applicants must have an income at or below 80% of the county area median income (AMI).

Buyers 370

Buyers Retail Loan Officers Insurance 370

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

OCTOBER 10, 2024

Two weeks after Helene hit, Movement Mortgage loan officer Mitch Davidson still has no power or running water at his Asheville home — and he says it could be months before they return. “Whether you’re a loan officer like me, or a Realtor, we’re all pretty worried about income,” he said.

Agents 434

Agents Insurance Housing Market New Listings 434

Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

Insurance 535

Insurance Loan Officers Housing Market Appraisal 535

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 459

Business Mortgage Loan Officers Inventory 459

Housing Wire

MAY 25, 2023

[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Appraisal Buzz

MAY 22, 2024

Technology firm Finaya has launched an AI-based homeownership marketplace super-app that integrates home buying and selling, mortgage, insurance, title, closing and other related services supported by a marketplace of on-demand realtors, loan brokers, lenders and service providers.

Insurance 195

Insurance Real Estate Agent Mortgage Real Estate 195

Housing Wire

DECEMBER 14, 2020

Homebuyer , an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $1.4 An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker. “There are 2.5

Loan Officers 434

Loan Officers Investors Legal Buyers 434

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We of the production was conventional loans and 49% consisted of purchase loans.

Insurance 83

Insurance Loan Officers Mortgage Clients 83

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 368

Real Estate Agent Real Estate Agents Loan Officers 368

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

Insurance 370

Insurance Loan Officers Sellers Mortgage 370

Housing Wire

OCTOBER 1, 2022

The DOJ said that all of Lakeland’s branches were located in majority-white neighborhoods and that its loan officers did not serve the credit needs of Black and Hispanic neighborhoods in and around Newark. Lakeland, a community bank, operates 68 branches in northern New Jersey and in New York’s Hudson Valley.

Law 435

Law Loan Officers Lending Advertising 435

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. “But agent commissions have never been a closing cost from a buyer perspective. “VA loans are probably the best loans on the market.

Agents 482

Agents Sellers Buyers Finance 482

Housing Wire

NOVEMBER 18, 2022

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. According to the power buyer, it recorded a revenue increase of five-fold year over year through February 2022. Cutting hundreds of jobs.

Loan Officers 448

Loan Officers Modernization Finance Housing Market 448

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. In March, FHA Commissioner Julia Gordon made it a little cheaper.

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. Technological connectivity The new generation of buyers is going all in on technology.

Real Estate Agent 437

Real Estate Agent Real Estate Project Management Agents 437

Housing Wire

JUNE 24, 2021

According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

Valuation 411

Valuation Real Estate Agent Real Estate Clients 411

Housing Wire

FEBRUARY 27, 2023

Consider, for example, just one aspect of purchasing a new home in 2023: obtaining mortgage insurance. Most borrowers don’t even know what mortgage insurance is, let alone how much it adds to their cost. Speed in buyer communication is absolutely critical. Respond immediately to any buyer inquiry — by text or by call.

Insurance 418

Insurance Contracts Buyers Mortgage 418

Housing Wire

DECEMBER 22, 2020

You can offer more if you’re looking to get a leg up over other buyers. Most lenders require you to pay for home insurance and property taxes as part of your monthly payment. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help. You’re not alone.

Mortgage 448

Mortgage Property Taxes Loan Officers Sellers 448

Housing Wire

JUNE 13, 2023

Add Guild Mortgage to the list of lenders offering down payment assistance programs in order to court more buyers at a time when mortgage rates remain elevated. To qualify for the 1% down payment advantage program, buyers must have a minimum credit score of 620 and a 95 to 97% loan-to-value first mortgage.

Buyers 448

Buyers Retail Mortgage Insurance 448

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. Demand falls for homebuilders.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. ”

Mortgage 529

Mortgage Loan Officers Insurance Investors 529

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

Clients 418

Clients Agents Buyers Sellers 418

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. The new program and tool launches come as potential Hispanic home buyers face a tight housing market with historic low level of supply for affordable homes.

Marketing 370

Marketing Tools Loan Officers Finance 370

Housing Wire

NOVEMBER 4, 2024

Although I was certainly nervous about the process, I knew I was far better prepared — and had far more resources and industry experts available for consultation — than most first-time buyers. Lamacchia Realty is using its own buyer representation agreements , and I found the form straightforward and easy to understand.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

DECEMBER 16, 2024

The cost to originate loans rises, alongside appraisal fees, credit reports, FICO verification , digital verification and insurance. The second episode explores how owners can maximize their companys value in the eyes of a potential buyer. We may be in a purchase-style market for at least another year or two.

Technology 245

Technology Loan Officers Business Insurance 245

Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Technology plays a big role. In real estate, data is king.

Real Estate 476

Real Estate Business Valuation Technology 476

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Housing Wire

SEPTEMBER 23, 2022

“This creates a very challenging environment for volume-sensitive businesses such as mortgage originators and title insurers,” the analysts said. “Given the magnitude of the move in rates, we think there could be a downside to current estimates for industry volumes in 2023.” trillion in 2022 and $2.17

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Realtor

NOVEMBER 7, 2023

If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance.

Inspection 196

Inspection Insurance Sellers Buyers 196

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

Technology 418

Technology Mortgage Tools Insurance 418

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Cooper has been able to process loan documents quicker and more accurately, helping close loans faster and provide a better customer experience.

Lending 370

Lending Technology Investing Loan Officers 370

Housing Wire

AUGUST 27, 2021

Where I take issue with the GSEs’ pricing methodology is how they combine loan-level pricing adjustments ( LL P A’s ) on top of base g-fees for low downpayment borrowers at levels that some have stated seem excessive. When I started my career as a loan officer, there were no credit scores.

Mortgage 448

Mortgage Lending Loan Officers Insurance 448

Housing Wire

MAY 7, 2023

Tracking the 10-year yield and mortgage rates are essential for housing inventory because when rates fall, buyer demand gets better, allowing more homes to be bought and getting a lid on inventory growth, which we have seen since 2012. While the labor market is getting less tight, it’s not broken yet.

Inventory 505

Inventory Housing Market Marketing New Listings 505