How Rocket Pro TPO continues to give its broker partners the upper hand

Mortgage brokers are facing a vastly different landscape than this time last year. In 2020, the refinance boom caused lenders and brokers to go on hiring sprees, and loan originators were putting in substantial hours. Now, as refinance volume slows and we get deeper into … Continue readingHow Rocket Pro TPO continues to give its broker partners the upper hand

Profit margins are just going to get worse, lenders say

Lenders’ profit margin outlook declined in the second quarter of 2021, the third consecutive quarter of pessimism on the profit front, according to Fannie Mae‘s quarterly Mortgage Lender Sentiment Survey. According to the second-quarter survey, 69% of lenders believe profit margins will decrease in the … Continue readingProfit margins are just going to get worse, lenders say

Unwrapping what to expect in your home inspection, appraisal and closing

What’s the difference between a home inspection and an appraisal? Have you budgeted for closing costs? The home-buying journey can seem daunting when questions like these are around each turn. Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing … Continue readingUnwrapping what to expect in your home inspection, appraisal and closing

Margins Slipping? Use Data for More Accurate, Dynamic Pricing

The mortgage landscape continues to become increasingly more competitive each day. Thanks to the convenience of online rate-shopping tools, a boost in consumer knowledge of the homebuying process, and a growing number of independent mortgage banks, it is now more difficult than ever to lock … Continue readingMargins Slipping? Use Data for More Accurate, Dynamic Pricing

Industry groups urge Biden to let CDC eviction ban sunset

A broad swath of the housing industry is calling for the Biden administration to let the Centers for Disease Control (CDC) eviction ban lapse at the end of this month. In a letter, 12 industry groups including the National Association of Realtors, the National Multifamily … Continue readingIndustry groups urge Biden to let CDC eviction ban sunset

RealTrends 1000: 50% increase in transaction sides in ’20

No surprise, big growth is the theme of 2020, with RealTrends + Tom Ferry The Thousand and America’s Best Real Estate Professionals showing huge boosts in transactions sides and volume, yet productivity has not increased year to year (2019-2020). Today, RealTrends + Tom Ferry announced … Continue readingRealTrends 1000: 50% increase in transaction sides in ’20

How non-QM lenders can make the origination process easier for brokers

There are a number of challenges affecting the non-QM market, but there are also opportunities. By partnering with a mortgage company that understands how to streamline non-Qm loans, brokers can close loans quickly and effectively. HousingWire recently sat down with John Jeanmonod, Regional Vice President of … Continue readingHow non-QM lenders can make the origination process easier for brokers

Selling your home? Make sure you’re aware of hidden costs

It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis, the average homeowner spends over $15,000 in “hidden costs” to sell their home.  While a … Continue readingSelling your home? Make sure you’re aware of hidden costs

Here are the cities that ranked among the best and worst places to raise a family

Whether moving to be near family or relocating for a job, moving is common. Take the pandemic, for instance. The housing market saw a huge spike in the number of moves as people relocated from big cities to avoid COVID-19. According to data obtained by USPS, … Continue readingHere are the cities that ranked among the best and worst places to raise a family