Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

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Housing Wire

NOVEMBER 17, 2022

HousingWire recently spoke with John Keratsis, president and CEO of Deephaven Mortgage, about what lenders should be doing to capitalize on the boom in non-QM lending and why our preconceived notions about non-QM could be all wrong. All of which means there will be a sustained demand for non-QM loans for many years to come.

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Housing Wire

FEBRUARY 5, 2024

RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. In 2020, it originated $8.5 2 in a U.S.

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Retail Contracts Loan Officers Mortgage 354

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” Mortgage-origination volume between 2021 and yearend 2023, however, is projected to drop 63% — from $4.44 trillion to $1.64

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Mortgage Loan Officers Finance Buyers 430

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S. the Nationwide Multistate Licensing System (NMLS) showed.

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Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. Regarding EPM’s strategy in the wholesale space, Kevin DeLory, chief lending officer, said it is not chasing borrowers with specific credit scores or being aggressive in pricing. “Wholesale is growing.

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Retail Loan Officers Landlords Lending 360

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

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Appraisal Real Estate Agent Contracts Real Estate 82

Housing Wire

AUGUST 16, 2023

Most of the publicly traded IMBs cut costs in the first half of 2023, and several pledged to keep sharpening their knives. The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. As such, it’s unlikely that we’ll reach $1.8 UWM originated $31.8

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Retail Real Estate Agent Business Mortgage 318

Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. The trajectory of merger and acquisition (M&A) deals bears that reality out.

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Mortgage Marketing Buyers Lending 364

Housing Wire

JUNE 2, 2023

The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Mat Ishbia: In the 2022 and 2023 markets, rates went up a lot. I think 2022 and 2023 are equally tough years. The stuff we’re doing in 2023 was built in 2020.

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Retail Inventory Mortgage Loan Officers 342

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. It is also unclear in the BLS data how mortgage loan servicing personnel are categorized.

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Lending Mortgage Real Estate Loan Officers 382

Housing Wire

FEBRUARY 3, 2022

Analysts at Cider Knoll Holdings , an equity research firm specializing in nonbank mortgage originators, project earnings per share for 10 nonbank mortgage companies to contract 30% in the fourth quarter, compared to the previous quarter. The pessimism about nonbank mortgage lenders reflects market conditions.

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Mortgage Retail Finance Investors 357

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. over the course of 2024, declining from the 2023 average of 6.9%. baths, 7,455 sq.ft., Scroll down past the big yellow signup block.

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Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 12, 2023

Mortgage lending is very, very cyclical. To read more about this topic from the March 2023 newsletter, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. After the economy produced 800,000 jobs in the first two months of 2023, they shifted the forecast to a slight recession during the second half of the year.

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