Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 427

Construction Supply Chain Inventory Housing Market 427

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officers 381

Loan Officers Mortgage Retail Lending 381

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Mack Walker: The non-QM sector is similar to other sectors in the mortgage space that endured headwinds throughout 2023 relative to volume in past years.

Investors 373

Investors Real Estate Lending Loan Officers 373

Housing Wire

NOVEMBER 14, 2023

Government sponsored-enterprises (GSEs) Fannie Mae and Freddie Mac will each have a $70 billion cap for multifamily loan purchases in 2024, the Federal Housing Finance Agency (FHFA) announced Tuesday. To prevent market disruption, FHFA will not reduce the cap if the size of the 2024 market is smaller than initially projected.

Finance 298

Finance Government Lending Business 298

Housing Wire

MARCH 13, 2024

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. Guild’s in-house retail reverse mortgage originations reached $49.8 9 positions.

Mortgage 334

Mortgage Lending Retail Investing 334

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgage 409

Mortgage Finance Insurance Lending 409

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. According to the most recent annual report to Congress by the U.S. That’s not saying all that much. A sleeping giant?

Mortgage 332

Mortgage Loan Officers Lending Business 332

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb.

Human Resources 378

Human Resources Mortgage Loan Officers Finance 378

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona.

Mortgage 287

Mortgage Finance Real Estate Best Value 287

Housing Wire

APRIL 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) announced this week that Peter Sciandra, EVP of reverse lending and secondary marketing at Fairway Independent Mortgage Corporation , has joined its board of directors for the remainder of the 2023-2024 term. ”

Lending 366

Lending Mortgage Development Business 366

Housing Wire

MARCH 8, 2024

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry. And, as they are fixed, they have an “outsized impact on borrowers with smaller mortgages,” it added.

Mortgage 427

Mortgage Legal Insurance Finance 427

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) Zap Mortgage (no.294) Trius Lending Partners (no.678),

Loan Officers 358

Loan Officers Mortgage Development Lending 358

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. HousingWire: How do you view the lending landscape for 2024? The easiest way to build that awareness was to build a robust lending platform.

Lending 328

Lending Development Investors Finance 328

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

Lending 365

Lending Government Legal Law 365

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The original effective date as announced last fall remains in effect, which will be April 29, 2024.

Real Estate Agent 411

Real Estate Agent Development Real Estate Law 411

Housing Wire

JANUARY 2, 2024

While most have their eyes on the horizon, HousingWire’s dedicated reverse-centric publication, Reverse Mortgage Daily (RMD), will look back one more time at a year of challenge. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) has taken a more critical look at the situation.

Mortgage 337

Mortgage Government Business Lending 337

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development (HUD), Julia Gordon. The commissioner also discussed the rise in mortgage loan assumptions. ” Gordon spoke during the Mortgage Bankers Association (MBA) Annual Conference held Oct. 14-17 in Philadelphia. ” The FHA cut the annual premium to 55 basis points from 85 bps.

Mortgage 360

Mortgage Government Insurance Tools 360

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land Lease 388

Land Lease Law Finance Government 388

Housing Wire

JANUARY 24, 2024

The GSEs also laid the groundwork for their other major development consisting of aligned single-family social bond programs, the pair said. The GSEs say that investor demand for these MBS “may result in lenders focusing more on lending to these populations, with loans underwritten to the Enterprises’ strong credit standards.”

Investors 390

Investors Lending Finance Design 390

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. historical dataset.

Legal 340

Legal Mortgage Contracts Insurance 340

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 343

Mortgage Retail Loan Officers Brokerage 343

Housing Wire

JANUARY 22, 2024

Could 2024 be the worst year ever for real estate wire fraud ? As an industry, we have a window of opportunity to update our processes and invest in technology that will ensure 2024 is known for a market rebound, and not a banner year for fraud. in Q1 2024. Tyler Adams is CEO and cofounder of CertifID.

Real Estate 389

Real Estate Tools Sellers Buyers 389

Housing Wire

APRIL 12, 2024

Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.” Vonder Haar spoke to HousingWire about the strategies that set her apart in the competitive residential lending market.

Loan Officers 264

Loan Officers Lending Real Estate Marketing 264

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. Jumbo loans account for approximately 12% of all loans originated as of February 2022.

Construction 334

Construction Lending Finance Mortgage 334

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. percent (±11.9

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

AUGUST 1, 2023

Senate last week put forward their versions of the Fiscal Year 2024 (FY24) Transportation, Housing and Urban Development (T-HUD) appropriations bills. Department of Housing and Urban Development (HUD) than its Senate counterpart , which could set the stage for a drawn-out reconciliation process.

Government 282

Government Transportation Development Lending 282

Housing Wire

OCTOBER 24, 2023

. “The rule maintains a focus on evaluating bank performance in areas where banks have deposit-taking facilities, but also enables evaluation of retail lending and community development activities outside of branch networks,” Michael S. Barrs, Fed vice chair for supervision, said in a statement.

Retail 310

Retail Law Modernization Lending 310

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

NOVEMBER 30, 2023

Program follows a blueprint developed by the OH Association of Realtors®. Real Estate Law: Covers Real Estate Law and Legal areas Impacting real estate professionals Examine the law of agency as applied to real estate brokers and sales personnel, law of fixtures, estates, mortgages and liens, OH license laws of Ohio, zoning & more.

Real Estate 367

Real Estate Real Estate Agent Law Inspection 367

Housing Wire

APRIL 27, 2022

Chattel loans, which make up 42% of the manufactured housing market, have higher interest rates and fewer consumer protections than mortgages. Freddie Mac also recently preempted its larger counterpart on targeted lending programs. They are also disproportionately used by minorities, a Consumer Financial Protection Bureau report found.

Finance 370

Finance Real Property Government Mortgage 370

Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. As the GSE’s revamp their 2022-2024 Duty to Serve plans, the rejected plans will be used on an interim basis, the FHFA said.

Legal 514

Legal Law Government Lending 514

Housing Wire

AUGUST 18, 2021

” The federal regulator said that for 2022 through 2024, it is proposing two new single-family home purchase subgoals to replace the existing low-income areas subgoal: One new subgoal targets low-income neighborhoods, while the other targets minority communities. Under the proposed benchmark level, that would increase to 28%.

Design 510

Design Tools Finance Development 510

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Much has changed in the mortgage market over the five years since our last major product launch.

Buyers 368

Buyers Tools Mortgage Lending 368

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. billion, according to a review of bond-rating and industry reports.

Housing Market 374

Housing Market Marketing Contracts Finance 374

Lamacchia Realty

APRIL 8, 2024

has released its “Top Producing REALTORS®,” for March 2024! March 2024 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field. Most recently, Laurie was featured on the 2024 Who’s Who List in Boston Agent Magazine.

Realtors 71

Realtors Realty Real Estate Agents 71

Housing Wire

MARCH 22, 2023

Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. at the end of 2024, up from 4.1% Mortgage rates are historically correlated to the 10-year Treasury, which has dropped by more than 40 basis points since the beginning of March.

Lending 369

Lending Housing Market Mortgage Marketing 369

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. “You’ve The lender and LO can make or break the transaction.”

Buyers 373

Buyers Agents Loan Officers Real Estate 373