Page 4 - Loan Originators News Today

/PRNewswire/ -- UMortgage, a national mortgage company committed to creating life-changing opportunities through homeownership, has developed a habit of...

I head to Central Texas today (A53 on Southwest; something about maybe seeing an eclipse); statewide Texas home ownership rate is about 64 percent. This is a shade lower than the 66 percent nationwide. (Home ownership & operational challenges facing lenders are a couple of the topics Mike Metz with Arizona’s V.I.P. Mortgage will discuss today at 2PM CT.) And a huge percentage of those homeowners have low fixed rates. People can be “locked-in” or constrained in th...

CINCINNATI, OHIO, March 26, 2024 (GLOBE NEWSWIRE) -- UMortgage—a national mortgage company that’s creating life-changing opportunities through...

The new final rule is designed to ease access for more community-based entities into FHA lending programs, according to the agency.

I’m so tired of the mainstream press talking about the 2024 election, 10 months out. Given that the median age of U.S. citizens is about 38 years, one would think we could find someone under the age of 75 to be president, regardless of party affiliation. On the other end of the age spectrum, at age 34, Gabriel Attal became France’s youngest prime minister. France’s inflation rate is running at 3.7 percent, which I mention because inflation and the actions of central banks ar...

Those who were in it for a quick buck are gone, yielding market share

This morning (as I head to Chicago) and every morning, I keep myself sharp by regularly asking myself the tough questions like, “What happened yesterday?” and “What was I planning on doing just now?” Looking forward, as some attendees of last week’s conference made note of the MBA Annual’s dates in Denver for next year butting up against Halloween, successful salespeople will tell you that many of their best business meetings last week, or at any confere...

The Asian Real Estate Association of America (AREAA) today released its annual A-List which honors 162 individual real estate agents and 83 teams for outstanding production in 2022, along with 36 mortgage professionals. The A-List honorees, all AREAA members, generated more $15.4 billion in sales volume from 20,472 transaction sides in 2022. A-List honorees will

“Happy” 15-year anniversary of Lehman Brothers going belly up. “I was struggling to understand how lightning works and then it struck me.” One of the conversation topics here at the NAMMBA event in Orlando is how Florida has its share of estimated lightning strikes every year. (As does the rest of the nation: here’s a link to an interesting real-time map.) Another topic is Florida’s Senate Bill 264 which prohibits the direct or indirect ownership of spec...

Inflation and price increases can be widespread and impact many, like gasoline or flour, or can be very specific and impact only a small portion of the population, like guitar strings or limoncello. Continued rent increases impact many, not the least of which are the roughly 50 million tenants themselves along with their potential loan originators who could help them finance a house. Word has it that owners stay in their homes 13 years, although this source says 16 years, whereas tenants stay in...