Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lending.

Loan Officers 450

Loan Officers Lending Real Estate Brokerage 450

Housing Wire

MARCH 20, 2023

Retail lender Guild Mortgage announced Monday that Mary Ann McGarry is retiring from the CEO position in late June, remaining on the California-based lender’s board of directors after retirement. McGarry has also led the lender through several acquisitions of late, including Cherry Creek Mortgage , Inlanta Mortgage and Legacy Mortgage.

Retail 331

Retail Loan Officers Mortgage Investing 331

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. In 2007, when sales were down big, total active listings peaked at over 4 million.

Inventory 481

Inventory Housing Market Marketing New Listings 481

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 407

Housing Market Marketing Insurance Mortgage 407

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. There was so much information to absorb and retain.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 382

Lending Mortgage Real Estate Loan Officers 382

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. At that point, Dodson was actively working on a jumbo loan for friends of his from church. So when that happens, you don’t originate, you don’t lend at par for something at 88. So you stop.”.

Business 423

Business Mortgage Investors Loan Officers 423

AmeriMac

SEPTEMBER 1, 2021

However, they were not widely used until after the mortgage crisis in 2007 and 2008. In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC).

Appraisal 36

Appraisal Valuation Law Lending 36

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The Appraisal Process Explained The appraisal process is a crucial step in determining the value of a property for various purposes, including mortgage lending.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Will Springer Realtor

SEPTEMBER 28, 2022

You want to buy a home but you’re worried you won’t qualify for a mortgage because of your student loan debt. Half of non-homeowners (51%) say student loan debt is delaying them from buying a home, according to a survey from the National Association of Realtors ®. The average student loan payment is $460 a month.

Buyers 36

Buyers Loan Officers Mortgage Realtors 36