Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 358

Mortgage Loan Officers Lending Business 358

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

Mortgage 324

Mortgage Loan Officers Insurance Business 324

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Let’s start with the good news.

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Inventory Marketing Mortgage Supply Chain 390

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. . Stricter regulations, new guidelines.

Mortgage 349

Mortgage Bracketing Loan Officers Investors 349

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. That has contributed to UWM’s competitors taking losses on loans when they can least afford it. Jumbo loan volume increased 3.1% Homepoint’s financial statements tell the story.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

MAY 24, 2022

Some went risky with a popular ARM loan and got a 6.5% Servicers of the ARM loan start calling them in 2008 for a locked rate or fixed, lower rate. This saves them $150 more a month, and it is stable in this wild upside-down market. For starters, there will be fewer of us — loan officers, banks, brokers.

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Mortgage Real Estate Agent Business Loan Officers 423

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. In March, FHA Commissioner Julia Gordon made it a little cheaper.

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Loan Officers Insurance Mortgage Real Estate Agent 330

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. Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? There was so much information to absorb and retain.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

OCTOBER 29, 2021

This week’s HW+ spotlight features Mark Jones, co-founder and CEO at Amerifirst Home Mortgage. Jones was also recently installed as vice chairman of the Mortgage Bankers Association for the 2022 membership year. Mark Jones: The 2008 financial crisis.

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Loan Officers Insurance Business Finance 284

Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage. As a novice real estate investor at the time, the market downturn completely wiped me out.

Real Estate 351

Real Estate Realtors Brokerage Business 351

Housing Wire

FEBRUARY 11, 2021

Tai Christensen, CBC Mortgage Agency’ s director of government affairs, will join other housing luminaries to discuss how lenders can increase their diversity to impact minority homeownership at HousingWire’s Spring Summit on March 4. She also serves as an advisory council member for the American Mortgage Diversity Council.

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Loan Officers Real Estate Technology Mortgage 208

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. Self-employed borrowers take advantage of the tax laws,” said Dodson, who runs Mortgage Capital Advisors.

Business 423

Business Mortgage Investors Loan Officers 423

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Each of these points is reminiscent of the previous market run-up in terms of what the appraiser’s face. We are seeing that as a profession again.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

Insurance 315

Insurance Mortgage Clients Lending 315

Cornerstone

FEBRUARY 15, 2022

When the pandemic first hit in early 2020, mortgage forbearance plans were announced, allowing homeowners in crisis to temporarily stop payments. There were analysts who expressed concern that once forbearance plans expired, the real estate market could see a foreclosure surge, similar to what followed the housing bubble 15 years prior.

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Loan Officers Housing Market Inventory Mortgage 59

Genworth MI Blog

MAY 28, 2020

Remember when manufactured housing used to equate to mobile homes? Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? A Duty to Serve.

Construction 148

Construction Loan Officers Training Lending 148

Cornerstone

MARCH 12, 2021

Low rates may lower a monthly mortgage payment, making now an ideal — and affordable — time to trade up or downsize. In a market this competitive, a seller has an advantage. Partner with a local loan officer who has the tried-and-tested technology to help you and your clients move fast.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Genworth MI Blog

MAY 28, 2020

Remember when manufactured housing used to equate to mobile homes? Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? A Duty to Serve.

Construction 78

Construction Loan Officers Training Lending 78

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. By purchasing mortgages from lenders, Fannie Mae helps to ensure that there is a steady supply of mortgage funds available to homebuyers.

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Government Housing Market Mortgage Investors 36

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Reconsideration of Value Appraisal Real Estate Insurance 73

PennyMac

JANUARY 20, 2021

Have you been keeping a close eye on today’s housing market? Low Mortgage Rates Making History — For Now. According to Freddie Mac, mortgage rates remained at their lowest levels in history for the first week of January, 2021, with 30-year fixed-rate loans averaging 2.65% as of January 7, 2021.

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Sellers Mortgage Loan Officers Housing Market 36