Michael Banner discusses the struggles of HECM for Purchase adoption.
Reverse mortgage expert Michael Banner highlights how stigmas, inadequate staffing, and limited outreach hinder the underutilization of HECM for Purchase opportunities.
Transforming Declined Loan Analysis into Successful Mortgage Closings
Declined loans represent lost resources for lenders. Understanding underwriting decisions can help improve funding rates and enhance profitability for IMBs.
The rise of Coming Soon listings prompts concerns over value and transparency.
Explore strategies for private lenders as MLS rules may limit visibility to 24 hours, while portals enhance syndication partnerships for broader outreach.
PHH Successfully Transitions to Onity Mortgage Branding
Onity Group's mortgage subsidiary, PHH Mortgage Corp., has rebranded as Onity Mortgage, signaling a strategic shift in branding and services for private lenders.
Balance Homes Enhances Co-Ownership Program with Fee Rebates and Counseling
Balance Homes enhances its co-ownership program, offering HUD counseling, progress tracking, and fee rebates for efficient home equity buyback processes.
Real Estate Agents Transforming into Housing Advisors: A Strategic Shift
Experts discuss the evolving workflows in the housing market, focusing on inventory challenges, technological advancements, and affordability issues for private lenders.
Housing demand continues to rise as mortgage rates reach a critical juncture.
Amid rising oil prices and persistent mortgage rates, existing home sales show resilience, signaling potential opportunities for private lenders in the market.
The Senate’s Housing Bill: An Initial Step, Not a Comprehensive Solution
Discover the implications of the ROAD to Housing Act's passing, focusing on potential impacts for private lenders amidst changes in employer housing benefits.
Virginia Reports a 7.4% Increase in Home Sales for February
Virginia's median home sales price rises to $410,000, signaling market strength with a 7.4% increase in sales, highlighting opportunities for private lenders.
Survey Finds 60% Worry AI Job Losses Will Affect Housing Market
Many workers fear that AI job displacement could have significant implications for the housing market, potentially affecting private lenders and investment strategies.