Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. In early 2020, Zoom was barely a known company in America. history for mortgage origination volume. Take working remotely for example.

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Development Lending Mortgage Marketing 413

Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

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Housing Wire

OCTOBER 12, 2022

has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. The financing arrangement was also dated June 3, 2020. It originated a mortgage volume of $21.7 trillion in 2023.

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Appraisal Buzz

MAY 17, 2021

s latest Originations Market Monitor report, which looks at data through the end of April, shows that downward-trending interest rates did not entice higher numbers of borrowers to execute on closings. The post Rate/Term Refinance Mortgage Lending the Lowest Since January 2020 appeared first on Appraisal Buzz.

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Lending Mortgage Technology Appraisal 221

Housing Wire

OCTOBER 22, 2020

This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. Still, this seems like a booming housing market, right? million and purchase applications would never hit 300 until the years 2020-2024. Well, here we are in 2020 entering into the best housing demographic patch ever recorded in U.S.

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Housing Market Mortgage Buyers Government 535

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. It funded $4.2

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Lending Loan Officers Mortgage Government 429

Housing Wire

JANUARY 5, 2021

It’s unclear what the deal values Stearns at, but the lender originated $20 billion in mortgages last year, according to Guaranteed Rate, which claims to have originated $73 billion in mortgages in 2020. Guaranteed Rate ended the year as the 11th-largest lender in the country, according to Inside Mortgage Finance.

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Lending Retail Real Estate Agent Brokerage 536

Housing Wire

AUGUST 10, 2021

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Purchase mortgages rose to 51% of closed mortgages in June, up from 47% in May, according to the latest origination report from ICE Mortgage Technology (formerly Ellie Mae).

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Mortgage Marketing Technology Lending 393

Housing Wire

AUGUST 20, 2021

The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020.

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Insurance Mortgage Marketing Lending 423

Housing Wire

MARCH 15, 2021

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. Power 2020 U.S. Record low-interest rates have driven U.S.

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Lending Retail Mortgage Loan Officers 377

Housing Wire

SEPTEMBER 8, 2020

trillion in home loans between April and June, marking the biggest quarter in at least two decades, according to mortgage data firm Black Knight. Most took advantage of 3% interest rates to lower monthly payments; cash-out lending comprised just 3 out of 10 refi originations in the second quarter, Black Knight found.

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Lending Mortgage Marketing 471

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.

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Mortgage Marketing Investors Lending 326

Housing Wire

DECEMBER 14, 2020

The evidence for this can be seen here in a series of charts published with the article: Considering all the wild machinations in the market that we lived through from the date of the first infections to the present, I thought it would be useful to recap some of the year’s significant economic milestones. But the 2020 U.S.

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Housing Market Government Marketing Mortgage 545

Housing Wire

FEBRUARY 5, 2021

Kind Lending , national wholesale mortgage lender and second brainchild to mortgage veteran Stearns, announced that the lender originated $1 billion in the first six months of production – a feat that took Stearns first company, Stearns Lending , 15 years to accomplish. What 2021 holds for Rocket Pro TPO.

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Lending Mortgage Marketing Housing Market 310

Housing Wire

OCTOBER 18, 2022

To say that mortgage lenders are facing challenging times would be a considerable understatement. But since the onset of the pandemic in March 2020, the rate has generally been much lower. The substantial increases this year present challenges in the mortgage sector, as the note rates produced can become illiquid if not hedged.

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Mortgage Marketing Lending Finance 344

Housing Wire

DECEMBER 7, 2022

The Consumer Financial Protection Bureau stated on Tuesday that it will be lenient when enforcing changes made in the 2020 Home Mortgage Disclosure Act Final Rule on the closed-end loan reporting threshold. On September 23, 2020, the U.S. How to reach the growing segment of Hispanic American homebuyers in 2023.

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Mortgage Lending Investors Housing Market 309

Housing Wire

JUNE 7, 2022

The Federal Housing Finance Agency ‘s (FHFA) inaugural mission report, released Monday, offers a glimpse into the fair lending performance of Fannie Mae and Freddie Mac , showing the agencies continue to back fewer loans to Black and Latino applicants, despite an uptick in applications submitted by those minorities.

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Lending Finance Mortgage Government 314

Housing Wire

JULY 29, 2021

Stay-at-home orders spurred by the COVID-19 pandemic did not have a notable impact on the velocity of fair housing complaints received in 2020 by organizations, according to a yearly trends report published by the National Fair Housing Alliance this week. Real estate sales complaints comprised 2.6% Real estate sales complaints comprised 2.6%

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Government Real Estate Lending Development 424

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. fair lending laws has been on regulators’ radar in recent years. Its findings showed that mortgage lenders violated U.S.

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Mortgage Lending Law Loan Officers 406

Appraisal Buzz

JUNE 2, 2022

BLOG VIEW: The mortgage market is shifting. Experts had been predicting that interest rates would be rising as early as late 2020. The post Mortgage Lending Creativity Adding Risk appeared first on Appraisal Buzz. Now that it’s here, the impacts are landing. Now that it’s here, the impacts are landing.

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Lending Mortgage Business Appraisal 150

Housing Wire

APRIL 13, 2021

Across the mortgage industry, revenues swelled to record highs in 2020. Nonbank lenders and mortgage subsidiaries of chartered banks reaped the rewards – they nearly tripled their profit per loan last year. There was a downside to the heightened production revenue led by secondary market gains.

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Valuation Mortgage Marketing Housing Market 370

Housing Wire

MAY 25, 2021

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year. HousingWire: What did the mortgage industry learn from the past year from an operational perspective?

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Clients Lending Technology Modernization 381

Housing Wire

MAY 11, 2022

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. ” But how does an all-cash offer benefit a mortgage lender? Planet Home Lending entered into a $2.5 Presented by: Finance of America.

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Lending Real Estate Agent Investors Finance 368

Housing Wire

APRIL 13, 2021

The share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight ‘s new monthly data report, the Originations Market Monitor. The implications of this shift touch nearly every area of mortgage lending, which in turn has implications for the wider economy.”

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Mortgage Marketing Lending Buyers 403

Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Windsor, Ontario-based Edison Financial will officially change its name to Rocket Mortgage Canada and operate as Rocket Mortgage on August 8.

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Brokerage Mortgage Real Estate Lending 366

Housing Wire

FEBRUARY 4, 2021

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. million security backed by non-QM mortgages that have seasoned for an average of nine months, a presale report from S&P Global Ratings showed. in Q3 2020. to 3%; it was 2.8%

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Mortgage Marketing Lending Government 300

Housing Wire

OCTOBER 2, 2023

Prices in nearly half of the nation’s 50 largest markets climbed by 0.75% or more. Even on a non-adjusted basis, August’s gain of 0.24% was more than 60% larger than the 25-year average for the month, according to a mortgage monitor report from Intercontinental Exchange, Inc.

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Mortgage Lending Marketing Housing Market 380

Housing Wire

FEBRUARY 9, 2021

Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of several new product lines. Non-QM lending is poised for growth in 2021. Back in March, Mega Capital Funding became one of many mortgage lenders that ceased all non-QM operations. Presented by: Angel Oak.

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Lending Investors Mortgage Marketing 322

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Overall, record low mortgage rates are still fanning the refi flame regardless of who’s snagging the offer. The average LO managed to produce $2.6

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Mortgage Lending Training Inventory 541

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Marketing Mortgage Supply Chain Inventory 447

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had. The housing market won’t be like this forever.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Then known as Citadel Servicing, the company was acquired by HPS Investment Partners, LLC in February 2020 for an undisclosed price. When COVID-19 hit, the non-QM market disappeared.

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Lending Investing Business Retail 308

Housing Wire

APRIL 22, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. And it doesn’t plan to cut prices.

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Mortgage Marketing Human Resources Clients 361

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. However, the uptrend in the bond market since the lows of August 2020 is intact.

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Mortgage Supply Chain Lending Marketing 545

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HW: How is broker market share trending?

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Mortgage Retail Lending Loan Officers 342

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Another loan closing today is for a real estate agent who is an investor and has done many mortgages in the past. I feel she’s going to know what the national average (for a 30-year fixed mortgage rate) is at around 6.8%. She’s well educated.

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Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. “You’re still seeing some activity in the purchase market, which is good, but affordability does start to become an issue as rates continue to increase.”

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