Buyer Beware: Hollywood Special Effects Now Permeate Property Listings
Technology lets home sellers change photos to stage rooms with virtual furniture and perform HGTV-style makeovers
Updated March 5, 2019 5:56 p.m. ET
Carve Out a Niche to Secure Your Future
Mortgage originators need to explore unconventional areas to attract new business
By Shirleen Von Hoffmann, principal, Home Builders Edge | bio
In this business, it’s always better to deal with problems now than wait until later. A problem facing mortgage originators is figuring out where their future business will come.
Fringe Borrowers Deserve Another Look
Passed-over clients could finally realize their homebuying dreams, but originators need to lead the way
By Michael Sunnaa, production manager for neighborhood lending, Wallick & Volk | bio
The age of the vanilla client took hold for the mortgage industry post-crash in 2008. Mortgage companies suddenly catered only to the top-of-the-line clients, the 720-FICO-score, full-doc, W-2 borrowers with plenty of assets.
Close More Loans by Becoming a FICO Master
Understanding the factors that can improve a client’s credit score improves your value as a broker
By Lukas Bull, credit analyst, Prime Commercial Lending | bio
FICO credit scores are used by most lenders to determine credit risk and the interest rate that borrowers will be charged. Your clients have three distinct FICO scores from each of the three credit bureaus — Experian, TransUnion and Equifax.
Fannie Mae increases multifamily small-loan cap to $6 million
Fannie Mae’s effective doubling of its multifamily small-balance loan cap was an independent decision, but one that certainly signals heightened competition in the rental-housing sector going forward.
Millennials bucking stereotypes to claim their share of mortgages
Feb 27, 2019 12:00 ET
Realtor.com’s recent report that millennials now top the mortgage market for dollar volume of loans originated confirmed something that many people knew was coming.
Court Deals Blow to Santa Barbara’s Ban on Coastal Vacation Rentals
By Joshua Molina, Noozhawk Staff Writer | @JECMolina | February 23, 2019 | 8:05 p.m.
In a big blow to the City of Santa Barbara, a court has ruled that the city must again allow vacation rentals in the coastal zone.
It’s long been projected that Millennials are destined to dominate the housing market in upcoming years. Now, new data from Realtor.com reveals that it’s finally happening. Millennials are buying houses. Lots of them.