Live Breaking News & Updates on David laz lazowski

Stay informed with the latest breaking news from David laz lazowski on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in David laz lazowski and stay connected to the pulse of your community

Uncovering the hidden impact: Low appraisals in Boston's real estate boom

“The lender does not want to lend a maximum price in a frenzied market. We’ve seen what happens when they do.”

Boston , Massachusetts , United-states , Cambridge , Cambridgeshire , United-kingdom , Peggy-pratt , Rick-lipof , Dave-twombly , David-laz-lazowski , Lipof-real-estate-services-in-newton , Lipof-real-estate-services

Uncovering the hidden impact: Low appraisals in Boston's real estate boom

Uncovering the hidden impact: Low appraisals in Boston's real estate boom
boston.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boston.com Daily Mail and Mail on Sunday newspapers.

Boston , Massachusetts , United-states , Cambridge , Cambridgeshire , United-kingdom , Dave-twombly , Rick-lipof , David-laz-lazowski , Peggy-pratt , Housing-finance-agency , Lipof-real-estate-services-in-newton

Wholesale, TPO, Verification, Appraisal Products; What are Lenders Doing About Rising Credit Costs?

Yesterday, a clown held the door open for me. It was such a nice jester. On the flip side, it’s not nice being taken advantage of and lenders are feeling Thunderstruck about, as this Commentary has mentioned several times, credit costs being jacked (more below). On the inflation theme and a little more mainstream, for me and plenty of people who read this Commentary every day, is the egg price fixing that has been occurring. (Remember when prices were way up around Easter?) Although inflation has been slowing, we don’t need this stuff. And the price of the twelve gifts described in the classic song “The 12 Days of Christmas” is at a record high of $46,730, according to PNC’s 2023 Christmas Price Index. At the other end of the cost spectrum, how’d you like to live like Martha Stewart (for a night) for $11.23? Rent her place! (Today’s podcast can be found here, and this week’s is sponsored by MCT. MCT’s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged — offering clients the tools to perform under any market condition.) Lender and Broker Products and Services Exciting news in the real estate appraisal world! Class Valuation has just strengthened its market presence through the strategic acquisition of Valuation Connect. In a game-changing move, Class Valuation is set to elevate its position as a market leader by joining forces with the dynamic Valuation Connect. This union of industry powerhouses signifies a commitment to innovation and excellence in real estate appraisal solutions. Class Valuation CEO John Fraas expresses enthusiasm, stating, "Combining forces is going to be a win-win for all stakeholders." The collaboration promises operational efficiency, enhanced service offerings, and cutting-edge appraisal technology. Integrating seamlessly with Class Valuation's culture, Valuation Connect brings a centralized retail presence and technology that aligns perfectly with the vision of both companies. This strategic acquisition reinforces Class Valuation's commitment to providing efficient, intentional products and services to mortgage lenders with the combined entity offering expanded resources, enhanced technology, and a broader range of modernization products. Read the full announcement here.

Chicago , Illinois , United-states , Justin-demola , John-fraas , Ginnie-mae , Martha-stewart , David-laz-lazowski , Anjelica-nixt , Freddie-mac , Dave-stevens , Michael-crockett

Tech Stack Analysis, LO Efficiency, Fair Lending Products; NAR is Lawyering Up; STRATMOR on Retaining Customers

Here in the Milwaukee area (yes, the autumn colors are stellar), I attended a Newrez joint venture event and one of the conversation topics (besides lenders either saying “no mas” and exiting or being purchased, more below, or NAR’s legal events, more below) is the changing landscape of down payments and down payment assistance programs. STRATMOR’s current blog is titled, “Mind the Down Payment”. Despite high mortgage rates and low buyer demand, home prices are still at record highs in many parts of the country leading to higher down payments. LendingTree analyzed data from more than 580,000 users of our platform who lived in one of the nation’s 50 largest metropolitan areas. A down payment on a home across the nation’s 50 largest metros averages $84,499. While down payments vary significantly by location, no metro in this year’s study has an average of less than $47,900. California is home to the three metros where down payments are highest, Buffalo, N.Y., Oklahoma City, and Virginia Beach, VA, have the lowest. (Today’s podcast can be found here, sponsored by Visio Lending and its top notch broker program. Visio is the nation's premier lender for buy and hold investors with over 2.5 billion closed loans for single-family rental properties, including vacation rentals. Listen to interview with Visio Lending’s Jeff Ball on trends in DSCR Loans.) Lender and Broker Software, Products, and Services They say money doesn’t grow on trees. But that hasn’t deterred the 48,000 people who have hammered coins into the Ingleton Coin Tree over the centuries in the hopes of receiving good fortune and wealth in return. Mortgage lenders searching for prosperity can save themselves a transatlantic flight and register instead for the latest installment in TrustEngine’s Path to Profitability webinar series. Ben Miller, EVP of nCino’s U.S. Mortgage Suite, will join Churchill Mortgage’s Matt Clarke and TrustEngine’s Dave Savage to share consultative selling and technology strategies used by today’s 9-figure producers to create modern, tailored experiences that resonate with clients. It’s free and it’s happening today at 2 pm ET. Save your spot here.

Tennessee , United-states , New-york , California , John-owens , David-laz-lazowski , Mike-seminari , Steve-jacobson , Shannon-schmidt , Matt-clarke , Matt-vanfossen , Phil-treadwell

Tech Sales, LO Jobs; Correspondent, Verification, Pricing Products; Mitigating Credit Costs

“Who closes the door when the bus driver gets off? The world is full of questions. “Why have all the predictions of lower rates been wrong?” Yesterday I was in the SF Bay Area giving a speech to a group of LOs and management and was asked, “Rob, are you hearing that lenders are requesting clients pay for the credit report(s) up front?” Absolutely I am. Lenders have grown weary of paying for the credit reports of loans that don’t fund and heaping those rising costs on the loans that do. “Rob, are mergers and acquisitions going to pick up?” Yes. We had one recent depository bank deal (Mississippi’s Guaranty Capital Corporation will acquire Lafayette Bancorp, Inc.), but we can expect continued deals in an 8 percent mortgage rate world as lenders and vendors, big and small, re-evaluate either their position in the market or even if they want to continue to exist. (Today’s podcast can be found here: Sponsored by nCino, maker of the nCino Mortgage Suite, built for the modern mortgage lender. The nCino Mortgage Suite unites the people, systems, and stages of the mortgage process. Hear an interview with nCino’s Ben Miller on the rapidly evolving digital mortgage suite of products.) Lender and Broker Software, Products, and Services Truv saves Lenders 60-80% over The Work Number. That’s the savings of multiple full-time employees. For example, Compass Mortgage saved roughly 60 percent in verification costs and maintained their same conversion rate. "Truv has given us the ability to lower costs, all while speeding up the verification process and providing better employment data" said Justin Venhousen, COO, Compass Mortgage. Stop wasting money. Contact TRUV today to discuss how we can help you with your income, employment, insurance, and asset verifications.

Mississippi , United-states , New-york , Washington , David-laz-lazowski , Justin-venhousen , Steve-jacobson , Mike-johnson , Cino-ben-miller , Anjelica-nixt , Sam-bjelac , Caleb-mittelstet

Market Intel, Borrower Experience Tools; Misc. Investor News; Interview With Fairway's CEO Steve Jacobson

The old joke, “Why don’t the Phillies have a website? Because they can’t string three W’s together!” is no longer true. The Phillies are doing just fine, and the MBA Annual is underway. Talk in the hallways includes the Community Home Lenders of America, National Association of Realtors, and Independent Community Bankers of America sending a letter calling on the administration to reduce the historically high, long-term mortgage rates relative to long-term Treasury bonds, and the supposed UMortgage financials (showing loans held for sale, typically the sign of a mortgage banker not a broker, but really, financials on Reddit?). For many IMBs, their goals by going to the MBA Annual here in Philadelphia include searching for the reason for the wide bid/ask spreads in MBS trading, the reason for the increased Agency buybacks (increased inspection rates and not taking chances on seller servicers not being around in the future, are usually mentioned as the culprits), finding the least expensive credit reporting company, a great HELOC and/or 2nd program, seeing what’s new with down payment assistance programs, and seeing the latest in under-served markets. There is, of course, the thread of continuing over-capacity, personnel, and technology cutbacks, as well as continuing to negotiate better deals with vendor partners. (By the way, anyone displaced can post their resume for free here where potential employers can view all the resumes for several months for only $75.) (Today’s podcast can be found here: Sponsored by nCino, maker of the nCino Mortgage Suite, built for the modern mortgage lender. The nCino Mortgage Suite unites the people, systems and stages of the mortgage process. Hear and interview with Fairway Independent’s Steve Jacobson on false reports of his company’s takeover and the problems with defamation.)

Philadelphia , Pennsylvania , United-states , Gaza , Israel-general- , Israel , America , Andrea-zubiate , Adam-carmel , Kevin-marek , David-doyle , Patrick-harker