Missed Calls: The Impact on Real Estate Agents’ Closures
Agents risk significant revenue loss, averaging $16,000 monthly, from unanswered leads. With a 20% conversion rate, each closure could yield $8,000.
Changes Ahead for Home Equity Cap Linked to Medicaid Eligibility
New Medicaid rule to limit home equity to $1 million for long-term care eligibility may impact senior homeowners and private lenders in the coming years.
MISMO White Paper Outlines Strategy to Standardize Mortgage Fee Descriptions
Discover MISMO’s latest white paper on standardized fee naming, highlighting potential reductions in TRID cure costs and enhancements in mortgage fee transparency.
Wisconsin Home Sales Increase Despite Limited Housing Inventory
Wisconsin home sales see a notable increase alongside rising median prices, highlighting a competitive market amid inventory constraints. Read more for insights.
Mortgage Delinquencies Remain Steady at 3.35%
April delinquencies remained steady at 3.35%, while serious delinquencies increased to 577,000, indicating trends that may affect private lending strategies.
FHA to Maintain Tri-Merge Credit Reports with New Scoring Model Shift
The FHA will maintain tri-merge credit report requirements to ensure prudent risk management during its transition to new credit scoring models, impacting lenders.
Navigating Real Estate Crises: Strategies from Leading Industry Figures
"Amid market disruptions, a long-term strategy empowers agents to remain steady, continually prospect, and identify new opportunities in private lending."
Mortgage Lock-In: A New Era of Financial Commitment
Explore how the prolonged mortgage lock-in effect is reshaping the housing market, impacting mobility and decision-making for private lenders and borrowers alike.
Impact of Iran Conflict Resolution on Mortgage Rates
Achieving pre-conflict levels for the 10-year yield and mortgage rates poses significant challenges, regardless of conflict resolution. Insights for private lenders.
Clients are approaching real estate agent interviews with new criteria.
Clients prioritize real estate agents who excel in listening, transparency, and consistent follow-up, highlighting the need for service excellence amid uncertainty.