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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

Mortgage 306
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Taking the Pulse of Mortgage Servicing: Industry Leaders on What’s Ahead

Appraisal Buzz

Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology. What strategies are you implementing to mitigate risk?

Mortgage 410
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Consumer advocate says policy changes are needed to help FHA buyers compete

Housing Wire

Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. ”

Buyers 476
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Zillow’s new AI feature can talk to home shoppers like it’s a friend

Housing Wire

It is also training machine learning models to get better at responding to users’ queries in “human-like sentences.” “Beyond easy-to-filter criteria like bedrooms and bathrooms, buyers are considering many other specific features that match their unique lifestyle,” Jenny Arden, Zillow’s chief design officer, said in a statement.

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Most good things change, and most change is good!

Appraisal Buzz

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). There are also the economics of training new appraisers and the numerous and disparate state laws and lender prohibitions. Some of these have been around for many years.

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HW+ Member Spotlight: Amanda Hill

Housing Wire

Below, Hill answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova. They had a young executive team who valued fresh ideas and were not afraid to train inexperienced novices like me.

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No. 1 originator Shant Banosian named president of Rate

Housing Wire

And nobody understands the modern day law officer better than I do, because I’m one of them. SB: Some of the challenges are affordability, lack of housing inventory and slow sales. But my biggest focus initially is going to be the loan officers. SW: What’s the biggest challenge for loan officers right now?