Lending

The trouble with appraisals: How the wild market is making it harder to get financing

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.

Mortgage applications dip as rates increase in latest MBA survey

“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

Guaranteed Rate’s Shant Banosian: ‘It’s getting easier to get a mortgage.’

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.

Mortgage rates jump for a sixth straight week

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.

Guaranteed Rate launches tech company

The new technology streamlines workflow in the mortgage industry.

Boston mortgage delinquency rates on the rise

“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.

Guaranteed Rate Super Bowl ad inspires positivity

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.

Loan limit boost of 7.4% good for Boston buyers

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

Renovo Financial locates new office in Massachusetts

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

Guaranteed Rate’s Shant Banosian shatters record, topping $1B in loans

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.

Will COVID-19 push appraisals toward automation?

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.

Will forbearance backfire? What to tell clients about their options

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

Eviction and forbearance moratorium could face legal challenge

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

Report warns landlords to think twice about evictions

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

Government-backed loan program is just the beginning

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

Buyer experience improving with mortgage lenders

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

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