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What would it take to crash the housing market?

Housing Wire

housing market, and we should never ease lending standards to try to facilitate demand. Lending standards are already liberal enough, so we don’t need to go down that avenue. Late cycle lending is always a risk in the lending industry. However, late-cycle lending is always a risk for short sales and foreclosures.

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Credit Plus integrates with LendingWise

Housing Wire

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In Download this case study to find out about the integration process and the results it yielded.

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What happens after the Fed’s rate hike?

Housing Wire

Both these laws paved the way for more responsible lending and a more responsible consumer. However, unlike the credit stress of 2005 to 2008, we are back to traditional late-cycle lending risk with primary homeowners. In 2000, we saw a lot of credit stress in the system. Today, we are at 1.25 have rates of 5% and below.

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WFG expands title offerings for servicers

Housing Wire

” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. Presented by: Auction.com.

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A Seller’s Guide to Finding a Top-Notch Short Sales Realtor®

HomeLight

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

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The 2023 Housing Market: A Look Ahead

Housing Wire

First, mortgage lending standards have remained high after the last bubble. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity.

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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.