Remove 2003 Remove Marketing Remove Mortgage Remove Training
article thumbnail

Exclusive: CrossCountry Mortgage CEO Ron Leonhardt talks AmCap acquisition, future targets

Housing Wire

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. “Our basic strategy for growth has always been organically, getting into markets one by one. billion in loans in 2023.

Retail 332
article thumbnail

What MBA’s forecast means for mortgage originators

Housing Wire

history next to 2003. Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. A top originator this year may become a challenge as the market shifts if they are heavily weighted in refinance. Conclusions ?

Mortgage 375
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Former Freddie Mac CEO lashes out at mortgage lenders

Housing Wire

Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. The piece is titled, “The Policymaking Implications Of Record-High Mortgage Origination Profits During The Pandemic.”

Mortgage 414
article thumbnail

New American Funding, no longer in growth mode, lays off 240

Housing Wire

The mortgage market slowdown is unfortunately affecting our entire industry,” Rick Arvielo, CEO of New American Funding, told HousingWire in a statement. “It Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, New American Funding offers a variety of conventional, government, adjustable-rate and non-qualified mortgages.

Training 264
article thumbnail

What role can mortgage brokers play in fair housing?

Housing Wire

The National Association of Mortgage Brokers inaugurated Kimber White as its new president during the virtual NAMB National 2020 conference. White is a partner at RE Financial Service and has been an active member of the mortgage industry for more than 30 years. HousingWire: What’s the biggest challenge for mortgage brokers right now?

Mortgage 449
article thumbnail

How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

Buyers 373
article thumbnail

More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace? increase in total labor productivity in the US from 2003 through 2022, largely through business process improvement and automation. In 2003, the typical underwriter achieved 115 closed loans per month.