Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

Mortgage 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. billion in loan volume between June 2020 and June 2021.

Mortgage 282

Mortgage Investors Investing Technology 282

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in mortgage originations in 2020. billion in mortgage originations in 2020. billion in title insurance and $1.4

Valuation 347

Valuation Insurance Investors Loan Officers 347

Housing Wire

NOVEMBER 5, 2020

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. A NAMB lobbyist brought this to our attention.

Mortgage 449

Mortgage Loan Officers Tools Training 449

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth.

Mortgage 330

Mortgage Technology Loan Officers Investing 330

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? Finance data.

Mortgage 361

Mortgage Retail Finance Investors 361

Housing Wire

JULY 16, 2021

While the Federal Housing Administration ‘s Home Equity Conversion Mortgage program has seen improved performance, there are still several key areas of concern. Joseph arrives in her new role with a useful background – she worked as a loan officer earlier in her career. Reverse mortgage industry performance.

Mortgage 339

Mortgage Insurance Loan Officers Business 339

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements.

Training 335

Training Loan Officers Lending Mortgage 335

Housing Wire

OCTOBER 6, 2021

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. And it wasn’t great.

Insurance 399

Insurance Investors Real Estate Loan Officers 399

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage.

Retail 351

Retail Loan Officers Brokerage Technology 351

Housing Wire

AUGUST 20, 2021

Yes, 2020 gave certain sectors a tail-wind but nonetheless these companies all had to manage through uncertainty while growing at breakneck speeds. In 2016, Brad Sullivan’s Mortgage Financial Services ruled the roost in housing with a rank of 733. 2020 total volume for refinances and purchase mortgages totaled $3.83

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Housing Wire

APRIL 13, 2022

of GDP in 2020. As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Many minority borrowers are also immigrants and self-employed.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Over the past 14 years, FHA has insured 9.1 million in mortgages valued at $1.7

Insurance 467

Insurance Home Value Mortgage Marketing 467

Housing Wire

FEBRUARY 1, 2022

Overall, net income for the mortgage lender decreased all the way down to $623.1 Purchase loans grew 39% last year to $39 billion, with the number of retail loan officers up by 18%. billion worth of conventional conforming loans in 2021, up from $79.9 billion government-insured loans in 2021, up from $17.5

Advertising 368

Advertising Loan Officers Retail Insurance 368

Housing Wire

JUNE 1, 2021

This year’s class of Rising Stars matches the recording-breaking and unparalleled year that the housing industry experienced in 2020. These 50 young disruptors come from all sectors of housing – mortgage, real estate, fintech, servicing and more – and pushed beyond the challenges the year brought. Sierra Pacific Mortgage.

Retail 385

Retail Lending Loan Officers Finance 385

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

Housing Wire

DECEMBER 14, 2020

Homebuyer , an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $1.4 An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker.

Loan Officers 304

Loan Officers Investors Legal Buyers 304

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. million consent order with Trident Mortgage Co.,

Lending 266

Lending Advertising Design Loan Officers 266

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. Back in 2020 and into 2021, you could go out in the parking lot with a net and just catch loans. We will get lower mortgage rates one day, right?

Technology 382

Technology Loan Officers Lending Business 382

Housing Wire

JUNE 24, 2021

PPP may have meant something different in 2020, but this year the 3 P’s are the guiding light to long-term mortgage success and domination. Panelists: Bill Dallas, President, Finance of America Courtney Graham, Chief Marketing Officer Princeton Mortgage Alcynna Lloyd, Digital Media Manager, HousingWire.

Loan Officers 279

Loan Officers Lending Finance Business 279

Housing Wire

NOVEMBER 3, 2021

Building upon technology-driven efficiencies, community values and leveraging expert loan officers and top eXp agents, we aim to create a unique mortgage solution that provides a better homebuying experience,” Sanford said in a written statement. by transaction volume in 2020 with $72.2

Brokerage 304

Brokerage Lending Realty Agents 304

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. The mortgage industry has been moving in the direction of being more digital. mortgage market by origination volume, according to HMDA data.

Investing 485

Investing Loan Officers Technology Development 485

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

Housing Market 367

Housing Market Marketing Mortgage Buyers 367

Housing Wire

APRIL 5, 2021

And even with fast-rising home prices and an uptick in mortgage rates , 30% of those surveyed said they wouldn’t move to an area with natural disasters or rising sea levels even if home prices were affordable. Helena [California] whose home burned down in the last fire and only half of it was covered by the insurance company.

Buyers 430

Buyers Real Estate Agent Real Estate Brokerage 430

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.

Valuation 281

Valuation Real Estate Agent Real Estate Clients 281

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%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. This won’t only be true for the origination side of the mortgage transaction. A good oversight program can avert massive penalties before they’re on the table.

Lending 403

Lending Law Loan Officers Clients 403

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. This technology became essential amid social distancing guidelines.

Clients 325

Clients Technology Insurance Loan Officers 325

Housing Wire

MARCH 15, 2022

Latino borrowers lag non-Hispanic white borrowers in terms of homeownership, and they are underrepresented in conventional mortgage originations and refinances. Acosta chaired the Consumer Financial Protection Bureau ’s mortgage committee while Richard Cordray led the watchdog agency. Here’s what he had to say.

Government 310

Government Insurance Finance Investing 310

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

Business 447

Business Law Real Estate Investors 447

Housing Wire

OCTOBER 12, 2021

Purchasing a home is one of the biggest investments most people will make in their entire lives, but the complexity of securing a mortgage can be a grueling and fractured process for first-time homeowners. Digital transformation has taken every other industry by storm, and it’s time for the mortgage industry to catch up.

Lending 303

Lending Technology Investing Loan Officers 303

PennyMac

SEPTEMBER 2, 2020

VA home loans have many well-known benefits, including low rates and the exciting combination of no down payment and no mortgage insurance. Lenders are able to offer veterans these excellent terms because VA home loans are backed by the U.S. No Down Payment on a VA Loan. No Private Mortgage Insurance.

Insurance 36

Insurance Finance Government Mortgage 36

Assurance Financial

MARCH 2, 2022

Why Market Adoption is Critical to the Success of Mortgage Process Digitization. Katherine Campbell, Chief Digital Officer at Assurance Financial, shares her tips for achieving mortgage process digitization and handling market adoption. After a few months, however, these capabilities made the loan officers the heroes.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). There’s just a lot more to a purchase mortgage.

Marketing 231

Marketing Realtors HOA Technology 231

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. Photo provided by Calvin Bradford.

Lending 350

Lending Government Law Mortgage 350