Housing Wire

OCTOBER 6, 2021

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. The filing revealed that refi loans made up 85% of funded loan volume for Better.com in last six months, while purchase volume was close to 15%.

Insurance 400

Insurance Investors Real Estate Loan Officers 400

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 403

Business Mortgage Loan Officers Inventory 403

Housing Wire

OCTOBER 28, 2021

With the most recent acquisition of Floify, Porch will expand “its early access to high-intent homebuyers who need key services including insurance, warranty and moving services,” the company said in a statement. Investors reacted positively to the acquisition, with shares increasing by 12% to $19.93 as of late Thursday morning.

Mortgage 369

Mortgage Logistics Insurance Real Estate Agent 369

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eyeing market share. Their retreat opens up opportunities for rival firms to grab market share. Part I explains the jumbo market’s decline.) Part I explains the jumbo market’s decline.)

Marketing 307

Marketing Retail Mortgage Investors 307

Housing Wire

MAY 11, 2021

The special purpose acquisition company market isn’t dead yet, apparently. Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in title insurance and $1.4 billion in homeowners insurance.

Valuation 348

Valuation Insurance Investors Loan Officers 348

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex.

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

JANUARY 4, 2023

For jumbo loans (greater than $647,200), rates remained at 6.12%. Consequently, lenders and loan officers have started 2023 at a low point, hoping a recovery will come in the second half of the year. The implementation, beginning February 1, 2023, intends to “minimize market and pipeline disruption,” the agency said.

Mortgage 522

Mortgage Loan Officers Insurance Investors 522

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. “Now that we are licensed in 26 states, we can scale that pretty quickly.

Retail 352

Retail Loan Officers Brokerage Technology 352

Housing Wire

DECEMBER 14, 2020

million in a seed round from private investors. An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker. . mortgage market. “There are 2.5

Loan Officers 305

Loan Officers Investors Legal Buyers 305

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. In June, only 30% of his mortgage production came from jumbo loans.

Insurance 316

Insurance Mortgage Clients Lending 316

Housing Wire

MAY 1, 2023

Congratulations to the 2023 Rising Stars!

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. million housing units comes entirely at the bottom of the market. in 2001 to 44.8%

Insurance 367

Insurance Construction Government Lending 367

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 385

Mortgage Loan Officers Finance Investors 385

Housing Wire

APRIL 6, 2023

Strauss is also accused of suspending staffers’ health insurance coverage retroactively to May 2022, despite collecting the employees’ contributions from their paychecks. At Sprout, Strauss struggled to sell loans in the secondary market that were originated at 2-4% when investors were asking for more premiums.

Investors 272

Investors Mortgage Insurance Real Estate 272

Housing Wire

DECEMBER 18, 2020

A homebuyer’s guide to a competitive housing market. If you plan to use the property as an investment (you’ll have to indicate so on your loan application), then you could face more stringent qualifying requirements. Hard money loans. If you’re not sure if it’s a good move, talk to a financial advisor or loan officer.

HOA 457

HOA Finance Investing Loan Officers 457

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. . .” Real estate agents and LOs: the great collaboration. “I had one client in St.

Buyers 432

Buyers Real Estate Agent Real Estate Brokerage 432

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. As such, a strategic merger or acquisition is emerging as one opportunity to outmaneuver the shrinking mortgage market.

Mortgage 332

Mortgage Technology Loan Officers Investing 332

Miller Samuel

FEBRUARY 12, 2019

Over the years, I have bantered with the Espinal Adler Team (Marie Espinal and Jeff Adler) at Douglas Elliman Real Estate about the market which has been invaluable for on the ground intel. I hope you find that this apple was fully peeled: Jonathan Miller’s Market Outlook. And, in-turn, when the market falls, it will fall forever.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. business advisory firm in real estate, mortgage finance, digital mortgage, banking and capital markets. Register for the FinLedger Daily Newsletter.

Business 448

Business Law Real Estate Investors 448

Housing Wire

JUNE 15, 2022

The markets have been shaken to the core. And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compared to 50 bps previously).

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

SEPTEMBER 5, 2023

TB: The reality is that the mortgage process, particularly in today’s purchase market, is still a deeply human process. TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA.

Technology 333

Technology Mortgage Tools Insurance 333

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. Investors were nonplussed. How could they resist?

Mortgage 362

Mortgage Retail Finance Investors 362

Housing Wire

MARCH 15, 2022

He’s outspoken on his view that the government-sponsored enterprises exist to serve markets that are not well-served by the private sector, and he has some suggestions for how they might accomplish that mission. So you’ve got to pay loan officers the same on any loans they originate. That’s just counterintuitive.

Government 312

Government Insurance Finance Investing 312

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. mortgage market by origination volume, according to HMDA data. So far this year, it’s processed $771 billion in loan volume. Stay tuned for updates.

Investing 486

Investing Loan Officers Technology Development 486

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

Mortgage 329

Mortgage Real Estate Investing Technology 329

Assurance Financial

MARCH 2, 2022

Why Market Adoption is Critical to the Success of Mortgage Process Digitization. Katherine Campbell, Chief Digital Officer at Assurance Financial, shares her tips for achieving mortgage process digitization and handling market adoption. After a few months, however, these capabilities made the loan officers the heroes.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. The loan is usually repaid over a period of years. Ownership: Once the loan is fully repaid, you own the property outright. Insurance Does a mortgage payment include insurance?

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

PennyMac

JUNE 2, 2022

For example, typical annual costs include things like: Insurance. Sepehr Niakan, a licensed real estate broker at HB Roswell Realty and founder of CondoBlackBook , has sold hundreds of bank-owned properties in Miami and is an avid real estate investor. Decide Whether To Loan or Buy In Cash. Property taxes. Maintenance costs.

Real Estate 69

Real Estate Investing Tenants Property Management 69

PennyMac

MARCH 20, 2023

A conventional loan doesn’t have to be guaranteed or insured by the federal government, but it does adhere to Fannie Mae and Freddie Mac guidelines in most cases. A conforming loan, on the other hand, describes a certain set of characteristics, mainly loan amount, contained within a home loan.

Government 36

Government Insurance Loan Officers Mortgage 36

PennyMac

FEBRUARY 13, 2024

New FHA Mortgage: A new 30-year FHA loan for a home priced and appraised at $230,769, with a principal loan balance of $222,692 (after the buyer put a minimum of 3.5% and an approximate total loan cost of $273,543.07 (paid over 25 years). Total Loan Cost (principal +interest) $493,615.06 $273,543.07 $220,071.99

Mortgage 53

Mortgage Sellers Buyers Finance 53

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Like Fannie Mae, its primary mission is to help make the housing market more stable. Like Fannie Mae, Freddie Mac is regulated by the FHFA.

Government 36

Government Housing Market Mortgage Investors 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. REO properties are attractive to homebuyers or real estate investors for several reasons. What is a Real Estate Owned (REO) Property? Step 10: Closing.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Clear Capital

SEPTEMBER 29, 2021

” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. You know, things to really support the listing process, marketing of the listing process, bringing that world together with the fintech world, and helping financial services make better decisions. Watch ClearCast E19.

Sellers 69

Sellers Agents Real Estate Buyers 69

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

Appraisal 52

Appraisal Architecture Business Contracts 52

PennyMac

JANUARY 16, 2022

Couple this with the improved job market and an upswing in home values, and you have a tidal wave of homeowners willing to invest in fixer-upper dwellings. You may want to consider which vacation home markets are hot, and which are trending down. The right fixer-upper can be a great investment and a lot of fun.

Investing 36

Investing Property Taxes Real Estate Renovations 36

Assurance Financial

SEPTEMBER 28, 2021

The market can be volatile, but your mortgage payment is showing up no matter what the market’s doing. So if you have $100,000 in investments and the market takes a turn, your portfolio could take a devastating hit. But we don’t want you to settle for a loan officer who’s in it for the commission.

Mortgage 36

Mortgage Investing Finance Loan Officers 36