The LO Down - Prime Rates

Posted by Sawyer Jones on June 01, 2022

As the mortgage market fluctuates and interest rates continue to rise, you may be hearing more people talking about Prime.  So what is it exactly, and how does it affect the average consumer? 

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The LO Down - HELOCs

Posted by Sawyer Jones on May 18, 2022

A HELOC or Home Equity Lines of Credit is a second mortgage that allows the borrower to pull equity out of their home, without refinancing their first mortgage.  If a borrower has a low-interest rate on their mortgage but is looking to pull out some...

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The LO Down - CE Standardization

Posted by Sawyer Jones on May 04, 2022

From the outside, the fact that massive federal training requirements are placed on nonbank LOs but not LOs at depository institutions can feel a little unfair. But is it?

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The LO Down - Is There a Housing Bubble?

Posted by Sawyer Jones on April 20, 2022

A recent headline from the Dallas Fed seems to have caused many to worry over whether or not we are in a housing bubble. To be clear, we don’t believe that this is a bubble. We agree with the recent housingwire article on this subject that while...

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The LO Down - Bye Bye Refis

Posted by Sawyer Jones on April 06, 2022

Early this month, we watched as refis dipped below 50 percent, and with rates continuing to rise, many have declared the death of the refi era. Last year, rising home prices led to the highest level of cash-out refi's since 2005, with lenders...

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The LO Down - Love Letter Reprise

Posted by Sawyer Jones on March 16, 2022

"Love letters" written by potential home buyers are, once again, allowed in Oregon. While they are a common part of the home buying process, some in the industry view them as lawsuits waiting to happen. Did you use a love letter when you bought your...

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The LO Down - Buying VS. Building

Posted by Sawyer Jones on March 02, 2022

When it comes to buying VS building, some aspiring homeowners are seeing their options become increasingly dictated by changes in the market. As for now, there are three major factors affecting the Buying VS Building debate in our industry. In no...

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The LO Down: UWM vs America's Moneyline

Posted by Sawyer Jones on February 16, 2022

Last year, UWM issued a controversial ultimatum which pressured brokers to choose between sending loans to them, or have the ability to send loans to Rocket Mortgage and Fairway Independent Mortgage. As UWM attempts to enforce that ultimatum nearly...

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The Zoom 10 Commandments

Posted by Ren Reed on April 07, 2021

Still getting used to Zoom life? You're not alone! Here are the 10 Zoom Commandments to help you perfect your Zoom etiquette!

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The "F" Word

Posted by Ren Reed on May 28, 2020

There is a lot of misinformation circulating around Forbearance - how it works and who it's for. Some borrowers are even entering forbearance immediately after closing on a new home. Educate your borrowers on all of the variables that pertain to...

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