Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. Congratulations to the 2023 Rising Stars!

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

APRIL 11, 2024

California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgage ’ s retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. which had 142 sponsored loan officers and 41 active branches as of April 11.

Retail 348

Retail Loan Officers Realtors Mortgage 348

Housing Wire

JUNE 27, 2023

As the mortgage industry continues to reduce capacity amid shrinking volumes, mortgage professionals are reluctant to spend on tech, services or solutions. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. were from the Northwest.

Mortgage 308

Mortgage Marketing Tools Open Houses 308

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. But at 343,000 workers in May, the mortgage LO workforce remains quite elevated for the origination volume being produced. trillion in 2023.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. In the coming months, more former FoA employees are expected to “trickle in” to Go Mortgage’s retail division, which will bring the total number to 200. Go Mortgage originated $753.2

Retail 452

Retail Mortgage Construction Loan Officers 452

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 398

Real Estate Agent Loan Officers Real Estate Agents 398

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Mortgage products expected to get love . “I

Renovations 373

Renovations Realtors Construction Mortgage 373

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. That’s because those were the two lowest case number assignment months in all of 2023, McCue said.

Retail 303

Retail Mortgage Business Loan Officers 303

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage.

Mortgage 373

Mortgage Loan Officers Inventory Retail 373

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 339

Loan Officers Clients Mortgage Construction 339

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023.

Mortgage 398

Mortgage Loan Officers Buyers Inventory 398

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” range, which is a normal mortgage market.”

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 344

Loan Officers Retail Real Estate Agent Real Estate 344

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 330

Mortgage Loan Officers Lending Retail 330

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 356

Mortgage Loan Officers Retail Finance 356

Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country.

Clients 328

Clients Real Estate Agent Technology Loan Officers 328

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 362

Business Loan Officers Clients Inventory 362

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 356

Lending Real Estate Agent Loan Officers Retail 356

Housing Wire

MAY 23, 2024

Bettios has been at NFM Lending for seven years and previously worked at US Bank Home Mortgages and First American Mortgage Solutions. Sarah Wheeler: You’ve been on different sides of the mortgage transaction. And we have 500 loan officers that are on the street every day and I can always go to them for ideas.

Loan Officers 329

Loan Officers Lending Technology Development 329

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. HW: What is the outlook for non-QM in 2023? TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising.

Lending 335

Lending Investors Loan Officers Technology 335

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

Buyers 448

Buyers Mortgage Loan Officers Retail 448

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 340

Mortgage Retail Loan Officers Brokerage 340

Housing Wire

SEPTEMBER 7, 2023

Equity Prime Mortgage (EPM) has completely shifted to the TPO business after seeing growth opportunities in the wholesale channel, a distribution channel that’s been growing in recent years. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August.

Retail 380

Retail Loan Officers Business Lending 380

Housing Wire

MAY 24, 2022

Over 25 years, this one person has been a mortgage customer of six different mortgage companies, each saving him over $100 per month. We need a reset and one that will continue into 2023. For starters, there will be fewer of us — loan officers, banks, brokers. There are fewer mortgage people doing all the work.

Mortgage 423

Mortgage Real Estate Agent Business Loan Officers 423

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 463

Buyers Marketing Sellers Loan Officers 463

Housing Wire

AUGUST 7, 2023

Despite a harsh housing landscape, Rocket Companies , the parent of Rocket Mortgage , performed better than expected in the second quarter of 2022. And a larger challenge for Rocket has been proving itself as a fintech , building a funnel and growing far beyond mortgage. That share lags behind the top 50 mortgage lenders of 84.7%

Advertising 317

Advertising Clients Loan Officers Finance 317

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

Agents 435

Agents Sellers Buyers Finance 435

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. So more realtors in the area have started working with us. Kechian: In 2022, it was almost 90% purchase mortgages.

Marketing 346

Marketing Inventory Loan Officers Buyers 346

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1 trillion in 2023.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion in origination volume in Q2, up about 31% from $17 billion in Q1 2023.

Clients 297

Clients Business Inventory Mortgage 297

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. and helping the general consumer understand those positives,” she said.

Loan Officers 275

Loan Officers Business Mortgage Clients 275

Housing Wire

MAY 3, 2023

” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities. ” Ahead of the Fed meeting, mortgage applications picked up this week as rates dropped slightly.

Real Estate Agent 368

Real Estate Agent Inventory Loan Officers Mortgage 368

Housing Wire

AUGUST 24, 2023

In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. The group upgraded its 2023 real GDP growth outlook to 1.9% million in July 2022, according to the National Association of Realtors. “If Rising mortgage rates will also exert more downward pressure on sales. decline from 0.1%

Construction 260

Construction Retail Mortgage Contracts 260

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Retail 319

Retail Real Estate Agent Business Mortgage 319

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. trillion in 2023 will look awfully rosy. 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. .”

Housing Market 366

Housing Market Marketing Mortgage Buyers 366

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I I never had to work with realtors, but now I spend a lot of time working with realtors – supporting them and partnering with them,” Nguyen said in an interview with HousingWire.

Business 74

Business Retail Realtors Loan Officers 74