Kakish’s top advice for brokers: “Number one, don’t chase commissions,” he told Mortgage Professional America. “Build systems. Everyone wants more production, but if you chase production you won’t get it and, even if you do, it’s a seedless watermelon. Yeah, you ate. But where does it go from there? “I think most brokers will waste … [Read more…]
Conrad has 35 years of home lending experience, with time spent at Mutual of Omaha, Finance of America Mortgage, Skyline Home Loans, and his own brokerage, Best Loans 4 U. “We are very pleased to have a knowledgeable expert like Joe join our team. He is committed to providing excellent service and has an in-depth … [Read more…]
The report highlighted the primary reasons why borrowers are seeking forbearance. Nearly 68.4% of homeowners in forbearance cited temporary hardships like job loss, divorce, disability, or the death of a family member. Another 25.9% attributed their need for forbearance to natural disasters, while only 5.7% of borrowers remain in forbearance due to ongoing financial impacts … [Read more…]
That’s because expectations of a “gangbusters” spring market are growing. “Going back to maybe the first three to five months of the year, the narrative I was putting out there to people was… we’ve got limited supply,” he said. “Once demand goes up, so will prices. Would you rather buy a house at $500,000 today, … [Read more…]
“A one-size-fits-all national code is rigid and does not account for regional differences,” said Hughes. “Such an approach would impose numerous unnecessary requirements on builders, ultimately resulting in higher costs for home buyers.” In his testimony, Hughes pointed to the Promoting Resilient Buildings Act, which would give local governments more control over how they adopt … [Read more…]
“It really made me see what the organization is about, how many rock stars are around here. So that’s a great idea for people thinking about it.” The opportunity to network and develop new industry contacts at Fuse has proven a constant benefit for Copeland – now president and chief executive officer at Summit Lending … [Read more…]
How will the mortgage market react to the Fed cut? Mortgage rates have slid in recent weeks, falling below the 7% mark and providing welcome relief to homebuyers and owners grappling with high borrowing costs. Still, those rates are unlikely to dip significantly in the immediate aftermath of today’s Fed announcement – namely because bond … [Read more…]
That starts with gaining a comprehensive understanding of what’s best for the client and which solution fits their overarching financial goals. “Even with the rates being as high as they were, we stayed really busy – just because it all goes back to [putting in] time,” he said. “It’s finding what’s the right opportunity for … [Read more…]
Expert insights with SunWest’s Pavan Agarwal | Mortgage Professional TV [embedded content] As the mortgage industry gears up for what are sure to be busy fall and winter seasons, we spoke with SunWest chief executive officer Pavan Agarwal to hear what he and his company have been keeping top of mind in the current market … [Read more…]
Fannie Mae also credited Benson in leading the launch of the Common Securitization Solutions platform. He held various executive roles during his tenure, including chief financial officer and interim CEO. “I know that we will benefit from his industry insights and operating expertise as we continue building the largest, most trusted e-commerce platform for residential … [Read more…]