Three trends to watch in 2023

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year,

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The winning mindset for LOs looking to get hired

After the booming volume of the last two years, this year has been more difficult than many expected. Production has dropped significantly, and many lender shops are focused on recruiting more loan officers to help make up the difference.  “As a company, we’ve had to really right-size our teams to

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How lenders can responsibly expand the credit box

Amid elevated mortgage rates, continued emphasis on regulatory oversight and a worsening 2023 market outlook, many lenders are reassessing their risk tolerance, which can lead to a tightening of their lending standards. In a contracting market, how can lenders gain a competitive advantage? According to Kristin Broadley, Chief Innovation Officer

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Class Valuation acquires Maine-based AMC PropertyVal

Class Valuation, one of the largest appraisal management companies in the U.S., has acquired yet another firm. It’s picked up PropertyVal, a Maine-based AMC that is among the largest independent residential appraisal firms in the state. “We are a regional AMC with a strong network across New England, but our

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Small lenders face onslaught of agency loans returned to sender

The repurchase-request volume, which includes both depository lenders and nonbanks, is being driven up this year by the huge volume of lower-rate loans made in 2020 and 2021 that Fannie and Freddie are continuing to vet for loan-sale representations and warranties violations. Mortgage lenders, already reeling from a downturn in

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