Homebuyers lucky enough to win a bidding war for a property are increasingly running headlong into appraisals that don’t match — or even come close to — the agreed sales price, leaving them with limited ways to close the sale.

“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan

The pandemic caused the mortgage market to tighten up, but as the economic recovery gains an increasingly solid foothold, lenders are starting to return to pre-pandemic practices.

U.S. mortgage rates have increased for six straight weeks, a sign the historic low for mortgage rates is becoming a thing of the past.

The new technology streamlines workflow in the mortgage industry.

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.

This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.

“In the last five months we have expanded into the fast-growing real estate markets of Texas and now Massachusetts.” — Renovo CEO Kevin Werner

It’s a record-breaking year for a lender that’s accustomed to breaking records. Congratulations to Shant Banosian for funding over $1 billion home loans in under a year.

Both the way appraisers approach their work and the adoption of AVMs and other technology-based valuations will likely see major changes in the coming years, according to experts.

Some homeowners worry that, after a few months of forbearance, they’ll be required to pay everything they owe upfront, in one lump sum.

Landlord association says emergency legislation only protects some landlords and may be unconstitutional.

A new Marcus & Millichap report calls on multifamily owners and operators to implement a 90-day moratorium on evictions.

Small business owners could help keep their businesses running through a combination of Paycheck Protection Program loans and private loans.

But beware of the busy times: Customer satisfaction rates drop when loan volume increases.