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The next refi boom’s double-edged sword: EPOs

Housing Wire

“But the branches are charged into their profit and losses, so they want to try to avoid it as much as possible,” co-founder Bobby Nicely said. EPO penalties can easily be up to 3% of the individual loan pricing, translating into thousands of dollars in most cases, Nicely said. That puts me in a really bad position.

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Townhouse vs. single-family house, factors to consider

Housing Wire

Are you trying to decide whether a townhome or a detached, single-family house is the best use of your money? With a lower sales price, you’ll also need a smaller down payment — another nice perk. . Another nice perk? What is the right fit for your home purchase? Here’s what you should consider. Space and flexibility.

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HighTechLending adds Brian Boccia as key reverse mortgage specialist

Housing Wire

We’re just trying to help people out. We started off the year with a nice little rate drop, and we were anticipating that this might be a better year. Levity helps to keep customers engaged and builds trust, Boccia said. “I So, I think I’ll bring energy, especially, but maybe also the right frame of mind.”

Mortgages 405
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HW+ Member Spotlight: Omar Ennabe

Housing Wire

On a personal level, I do try to stay on top of technology trends and viral video trends. It would be nice to simplify them for consumers and not require hundreds of signatures on pages that will likely not be read or understood by most. HousingWire: When do you feel like a success in your job?

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Opinion: How marketing automation saved an LO’s business

Housing Wire

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. Often, this analysis comes down to the worst case scenario.

Marketing 402
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

The Fed trying to force a job-loss recession to make their job easier because they believe it’s the 1970s again isn’t an effective policy since we aren’t in a 1970s economy. We will have a nice batch of labor data this week to see where we are today with the state of the U.S. economy.

Marketing 474
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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Or would those be considered more of a nice to have as opposed to must have?,” Does the Realtor, in the case of an FHA or VA buyer, reduce their commission to try to close the transaction on the premise that instead of making 3% as a buyer’s agent, if I only made 2% and that helps close the transaction, is 2% better than zero?,”

VA loan 442