Housing Wire

SEPTEMBER 7, 2023

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. Tozer suggested “a fee of 1.3%

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

NOVEMBER 4, 2024

Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. I wanted to make sure I was comfortable with what the inventory in my price range might look like before I began taking up an agent’s valuable time.

Agents 435

Agents Inspection Real Estate Sellers 435

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. It may be due to inventory levels continuing to drop.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Buzz

FEBRUARY 5, 2025

The mortgage industry has experienced significant contraction over the past two years, adjusting operations to align with the reduced demand for refinance and purchase financing. Rising Housing Inventory and a Potential Flood of Buyers With housing inventory rising 30 % over the past six months and new and existing homes currently topping 4.7

Marketing 221

Marketing Loan Officers Training Technology 221

Housing Wire

MAY 12, 2022

Inventory is contracting. Scale for scalability’s sake doesn’t mean anything if a company has to contract at the first sign of market stress. Rate increases, declining inventory and fewer customers test lenders’ resilience and sustainability as well as their ability to cater to the customers they do have.

Lending 369

Lending Marketing Technology Contracts 369

Housing Wire

JULY 25, 2023

Loan officers — myself included — need to strengthen their mindset. MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years. When you look at a sales contract that is obtaining mortgage financing, 70% of the components of that offer are mortgage-related.

Real Estate Agent 353

Real Estate Agent Mortgage Real Estate Training 353

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. Signed contracts to purchase existing homes declined a wider-than-expected 8.6%

Housing Market 321

Housing Market Marketing Loan Officers Buyers 321

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. But its members noticed “many real estate agents are already writing sales contracts that require the buyer to pay the buyer’s real estate commission.”

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. I remember loan officers telling me that I needed to be “creative” with my appraisals. Months of Housing Inventory Historically.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

JUNE 2, 2023

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.

Retail 370

Retail Inventory Mortgage Loan Officers 370

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change.

Retail 370

Retail Real Estate Agent Business Mortgage 370

Housing Wire

JUNE 15, 2022

The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs. Instead of getting maximum financing (between 75%-80% loan to value), they are now putting much more down (between 35-50%),” he said. More layoffs to come.

Mortgage 397

Mortgage Investors Clients Marketing 397

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending.

Lending 397

Lending Mortgage Real Estate Loan Officers 397

Realtor

OCTOBER 16, 2023

This can give buyers the edge, as Ameer points out, “given today’s tight market with low inventory. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” Being fully approved also allows buyers to close the deal in a much shorter time—two to three weeks in most cases.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Got questions? We’ve got answers.

Sellers 64

Sellers Buyers Real Estate Agent Inventory 64

Appraisal Today

SEPTEMBER 8, 2023

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.

Appraisal 80

Appraisal Contracts Business Construction 80

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. But today, housing inventory has dropped far below this level: The National Association of REALTORS® (NAR) reports that there’s currently just a 2.1-month Love your loan as much as you love your new house.

Renovations 43

Renovations Home Improvement Loan Officers Real Estate Agent 43

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Appraisal Today

MAY 10, 2024

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?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

MAY 12, 2023

The residential lending appraisal business depends on low-interest rates, the same as for loan officers. Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers. from 0.63 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 21, 2022

Inventory levels. My comments: The video presentation is a bit “over the top,” but the two guys have been doing these videos for many years, focusing on mortgage brokers and loan officers. from 0.97 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. percent from 6.81

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Appraisal Today

OCTOBER 14, 2022

Inventory levels have an impact on property valuation, at least in the short term. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.81

Appraisal 52

Appraisal Insurance Real Estate Business 52

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers.

Marketing 459

Marketing Law Government Mortgage 459

Housing Wire

NOVEMBER 7, 2023

One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. Be one step ahead of the process once they’re under contract. Find them their dream home.

Clients 459

Clients Buyers Real Estate Agent Real Estate 459

Housing Wire

OCTOBER 24, 2024

Nonetheless, America is still faced with low inventory, uncertain interest rates, and cash-strapped homebuyers. In addition to low housing inventory and uncertain rates, next year’s homebuyers are likely to be somewhat apprehensive about the “fear of missing out (FOMO).”

Training 435

Training Mortgage Reconsideration of Value Architecture 435

Appraisal Today

AUGUST 13, 2023

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.

Appraisal 75

Appraisal Contracts Real Estate Agent Real Estate 75

Housing Wire

OCTOBER 26, 2024

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. As you can see, we have made progress in inventory growth year after year.

Inventory 523

Inventory Sellers New Listings Mortgage 523