Know Your Borrower – Underserved Market Opportunities

5/8/2019

Too often, the common wisdom tells us the underserved market is a vast mortgage wasteland, a place filled with delinquencies and foreclosures, an arena to be avoided. The better idea, it’s argued, is to stick with the “safe” borrowers — those with weekly paychecks and thick files who are most likely to fly through the application process.

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Hard Money Lenders

Escape the Wild West

Private lenders are adopting set underwriting standards to protect borrowers

Commercial mortgage brokers tend not to associate hard money, or private money, with a strict set of underwriting guidelines. Long regarded as the wild west of the lending world, the hard money realm historically followed a model of letting each lender establish a standard as they go. Hard money came to be known for its flexible underwriting — the fewer guidelines, the better.

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Suburban Apartment Market

Commercial Department: Property Typecast: May 2019

Property Typecast

Are suburban apartment markets playing catch-up?

The expansion of the U.S. apartment market over the past seven years has been largely concentrated in metro areas and, more specifically, within the urban cores of these metros. This trend is due to growth in both supply and demand in multifamily housing, as millennial renters prefer to live close to work and job growth also has been centered in urban cores. Continue reading

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Lower Mortgage Rates Entice Buyers

New home sales pick up the pace on lower mortgage rates

Housing market strongest in a year

Sales of new homes rose in February to the highest level in almost a year as lower mortgage rates enticed buyers.

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New FHA Standards

WSJ: New FHA standards could flag 50,000 loans yearly

Wall Street Journal

March 26, 2019

Updated standards from the Federal Housing Administration (FHA) regarding high-risk mortgages could affect up to 50,000 loans annually, according to the Wall Street Journal.

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Rosy Outlook for Home-Affordability

Home-affordability outlook is rosy but could be short-lived

Scotsman Guide

March 25, 2019

For mortgage originators with clients who’ve been waiting for the right time to buy a home, it may be a rosy spring buying season, according to First American Financial Corp.

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Real Estate Firms Optimistic

Majority of Real Estate Firms Remain Optimistic, Evolving Technology Remains a Challenge


NEWS PROVIDED BY

National Association of Realtors 

Mar 06, 2019, 10:00 ET


WASHINGTONMarch 6, 2019 /PRNewswire/ — The evolving technological landscape, competition from nontraditional market participants and housing affordability continue to be among the biggest challenges facing real estate firms in the next two years, according to a report by the National Association of Realtors®

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SmartAgent sues HomeAway

SmarterAgent sues HomeAway over patent infringement

The Keller Williams-owned platform has aggressively defended its GPS technology over the years.
By Dennis Lynch | Research by Haru Coryne

March 13, 2019

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Untangling Government Mortgages

Scotsman Guide

March 2019

What are the possible solutions for untangling the GSEs from the federal government? One would be to get rid of the GSEs entirely and let banks find a way to securitize the mortgages they originate.

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Larger Homes Sit Empty

The Wall Street Journal

Candace Taylor

3/22/2019

A growing problem in real estate: Too many big houses

Large, high-end homes across the Sunbelt are sitting on the market, enduring deep price cuts to sell.

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