Eyes on Housing

MAY 7, 2024

According to the Federal Reserve Board’s April 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened further for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the first quarter of 2024.

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Lending Loan Officers Real Estate Finance 119

Housing Wire

NOVEMBER 7, 2023

As we plan for a gradual cycle turn in 2024, a few hot topics feel especially hot right now. Please reach out with your intel so we can all sharpen up ahead of 2024. Here are the MBA’s 2024 rate predictions by quarter: 6.8% How should mortgage firms rethink tech strategy in 2024? for Q1, 6.6% for Q2, 6.3% for Q3 and 6.1%

Mortgage 342

Mortgage Loan Officers Valuation Tools 342

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. In springtime, people start moving again, but so far in 2024 I feel like I’ve at least been getting more proposals out, which as we all know, results in more applications eventually.”

Business 362

Business Mortgage Loan Officers Marketing 362

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. ” As 2024 is not expected to be stellar , analysts foresee more M&A and exits next year. HousingWire spoke to two lenders to understand their M&A strategies for 2024.

Mortgage 364

Mortgage Retail Lending Sellers 364

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. 2024 HECM limit On Jan. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA).

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Mortgage Clients Loan Officers Tools 327

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. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

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Investors Real Estate Lending Loan Officers 373

Housing Wire

JANUARY 2, 2024

In the mortgage industry, we saw a significant number of loan officers and real estate agents join the platform to share educational home-buying tips targeted toward a younger audience and first-time homebuyers. So now, the question we’re all asking: What can we expect for 2024?

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Real Estate Agent Loan Officers Advertising Mortgage 379

Housing Wire

JANUARY 9, 2024

In 2024, regardless of mortgage lenders’ volume, Fair Isaac Corp. Moving away from the tier-based pricing structure it implemented in early 2023, FICO will also collect the same per score price for soft and hard pulls in 2024. “As Clearly the answer was that we do continue providing benefits to our broker partners.”

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Loan Officers Real Estate Agent Tools Business 246

Housing Wire

FEBRUARY 14, 2024

As reverse mortgage industry professionals continue to look ahead into 2024 after enduring a challenging year for business in 2023, the prevailing attitude is optimistic. To understand how loanDepot’s business has started the year, RMD sat down with Moriello to hear about what she’s seeing and what the company’s loan officers are telling her.

Business 349

Business Mortgage Advertising Clients 349

Inman

JANUARY 2, 2024

As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024.

Loan Officers 159

Loan Officers Mortgage Marketing 159

Housing Wire

MAY 8, 2024

On May 2, Newrez sent Worker Adjustment and Retraining Notification Act (WARN) notices to state authorities in Florida and Colorado, confirming that 123 employees are expected to be separated from employment beginning July 1, 2024. The layoffs include mortgage professionals such as processors, underwriters and loan officers.

Loan Officers 343

Loan Officers Retail Legal Mortgage 343

Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. Responses were received from 64 domestic banks and 20 U.S.

Lending 462

Lending Mortgage Loan Officers Government 462

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. Potempa had a joint venture with OneTrust from March 2022 to March 2024.

Loan Officers 381

Loan Officers Mortgage Retail Lending 381

Housing Wire

MAY 10, 2024

Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024. Meanwhile, Better had 227 sponsored LOs and seven branches, the NMLS shows.

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Loan Officers Law Finance Mortgage 273

Housing Wire

SEPTEMBER 11, 2023

About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024. Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products.

Loan Officers 364

Loan Officers Agents Retail Technology 364

Housing Wire

APRIL 30, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loan officer requests, effectively halving the time it takes to fulfill them.

Loan Officers 411

Loan Officers Technology Modernization Project Management 411

Housing Wire

MAY 14, 2024

the parent of digital lender Better , strongly improved its mortgage production and revenues in the first three months of 2024. Regarding expenses, Better has shifted its compensation structure to loan officers. Better Home & Finance Holding Co. , Better posted a net loss of $51.5

Loan Officers 347

Loan Officers Business Finance Mortgage 347

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers.

Loan Officers 368

Loan Officers Technology Investing Realtors 368

Appraisal Buzz

MAY 3, 2024

According to TMC’s 2024 “Pulse of the Network” survey of 2,000 industry executives, finding new business development opportunities to grow volume and market share ranked first among the Top 5 most critically important issues facing mortgage lenders in 2024.

Loan Officers 195

Loan Officers Mortgage Technology Business 195

Housing Wire

DECEMBER 14, 2023

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024. Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans.

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Mortgage New Listings Loan Officers Inventory 476

Housing Wire

AUGUST 24, 2023

Fannie Mae maintains its baseline call for a recession to occur – forecasting it to begin in the first half of 2024. In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. on a Q4/Q4 basis and revised its 2024 GDP growth prediction to a 0.2% decline from 0.1%

Construction 262

Construction Retail Mortgage Contracts 262

Housing Wire

MARCH 19, 2024

“One of those models could be that you, as lenders, license your loan officers as real estate agents and offer the buying agent service for less than a 3% fixed fee point. Others of you will say that is a great retention opportunity for my loan officers and the market will figure all this out,” Broeksmit added.

Loan Officers 480

Loan Officers Real Estate Agent Real Estate Agents 480

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

Sellers 398

Sellers Real Estate Agent Loan Officers Mortgage 398

Housing Wire

MAY 6, 2024

mortgage lender in the first quarter of 2024. As of Monday, the company had 2,824 sponsored loan officers and 860 active branch locations, per the Nationwide Multistate Licensing System (NMLS). According to Inside Finance Mortgage (IMF) estimates, Fairway ranked as 13th-largest U.S. The lender originated $5.15 from Q1 2023.

Retail 355

Retail Loan Officers Legal Lending 355

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. VA loans are 12% of the mortgage market,” Garg said. “So, billion in Q3 2022. “VA He did not disclose the current size of the team.

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Loan Officers Finance Mortgage Lending 326

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. Guild is also one of the country’s largest servicers, with $84 billion in MSRs as of the first quarter of 2024, per IMF.

Mortgage 422

Mortgage Loan Officers Retail Finance 422

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.” and the second quarter of 2024 at 5.6%. and 2024 at 6%. “I’m a relationship maker.

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Loan Officers Investors Mortgage Clients 392

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loan officers were let go.

Human Resources 378

Human Resources Mortgage Loan Officers Finance 378

Housing Wire

APRIL 10, 2024

Nominations for the 2024 Marketing Leaders award are open now through April 30. Debbie launched the marketing campaign for “A Seat at the Closing Table,” designed to train loan officers on the nuances of working with underserved borrowers and to offer toolkits and templates that will help them close more loans in minority communities.

Marketing 317

Marketing Loan Officers Real Estate Training 317

Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues. In 2024, rates are expected to drop to 4.6% in 2024 and 4.4% The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3% in 2025.

Mortgage 330

Mortgage Loan Officers Inventory Buyers 330

Housing Wire

APRIL 18, 2024

N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS). Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Mortgage 370

Mortgage Realty Loan Officers Retail 370

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. Our mission is to help loan originators become better at what they do in every aspect of their business and in their life,” Braheem said.

Mortgage 363

Mortgage Marketing Loan Officers Training 363

Housing Wire

AUGUST 17, 2023

5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. At a time when refis dried up and loan officers are in desperate need of deals, some loan officers are leaning into buying leads — from companies including Zillow , Realtor.com and Freerateupdate.com.

Loan Officers 358

Loan Officers Mortgage Development Lending 358

Housing Wire

APRIL 30, 2024

After striking two M&A deals late last year, digital multichannel lender Lower plans to acquire at least one other business in 2024. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 365

Retail Loan Officers Lending Mortgage 365

Housing Wire

APRIL 1, 2024

By the end of second-quarter 2024, Flyhomes hopes to be licensed and operational in 40 states. “So, While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry. So, we are just going through that process now and on track to hit that target.

Loan Officers 343

Loan Officers Clients Mortgage Construction 343

Housing Wire

MAY 29, 2024

According to the Nationwide Multistate Licensing System (NMLS), Kind Lending had 87 sponsored loan officers and 23 active branches as of Wednesday. mortgage lender in the first quarter of 2024, the data shows. The lender originated $1.26 Kind Lending was the 44th-largest U.S.

Lending 265

Lending Loan Officers Retail Legal 265

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). Most forecasts have indicated 2024 will show an increase in origination numbers, although most of that will be of the purchase category.

Loan Officers 355

Loan Officers Technology Lending Tools 355