Housing Wire

MARCH 23, 2021

mortgage after serving in the role since December. Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support.

Retail 478

Retail Mortgage Clients Lending 478

Housing Wire

SEPTEMBER 15, 2020

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. The annual average U.S.

Lending 545

Lending Mortgage Realtors Housing Market 545

Housing Wire

SEPTEMBER 22, 2022

Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. A Spanish website and mortgage applications tool to help Hispanics overcome language barriers went live this week by CrossCountry Mortgage. billion in loans.

Marketing 353

Marketing Tools Loan Officers Finance 353

Housing Wire

APRIL 22, 2022

the top depositary mortgage lender in the country, is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. The company did not specify the size of the workforce reduction, though sources told HousingWire it affected hundreds of mortgage processors.

Mortgage 409

Mortgage Lending Retail Business 409

Housing Wire

SEPTEMBER 11, 2020

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% trillion, the most since 2003, MBA said. 20 forecast. 20 forecast.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

FEBRUARY 27, 2024

California-based New American Funding (NAF), which recently acquired Draper and Kramer Mortgage Corp. Last year, she produced about $78 million in mortgages, consisting mainly of Federal Housing Administration (58.8% of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Of the total, 53.6%

Loan Officers 402

Loan Officers Development Mortgage Real Estate 402

Housing Wire

SEPTEMBER 17, 2020

Average mortgage rates for a 30-year fixed mortgage increased slightly to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86% , while the less-popular 15-year rate fell to a new low of 2.35%, Freddie Mac said on Thursday. rate for a 30-year fixed mortgage will be 3.1%

Mortgage 511

Mortgage Lending Finance Buyers 511

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Chicago, I think, is suffering more than most markets in the United States. Steinway, who closed more than $1.5

Loan Officers 369

Loan Officers Retail Finance Buyers 369

Housing Wire

OCTOBER 6, 2023

NAF Insurance and NAF Concierge will be integrated into NAF’s loan process to remove friction from the mortgage, home buying and moving experience, the California-headquartered lender said. Mortgage customers can bundle food, wind, auto, pet, life and other personal lines of insurance through NAF Insurance, which is powered by Matic.

Insurance 390

Insurance Brokerage Government Real Estate 390

Housing Wire

FEBRUARY 8, 2024

A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. Founded in 2003 by Tom Gonser, DocuSign went public in 2018 and was valued at about $6 billion at the time. DocuSign’s market capitalization is close to $10.5 DocuSign had 7,336 employees at the end of 2023.

Technology 404

Technology Investors Finance Business 404

Housing Wire

SEPTEMBER 23, 2020

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. UWM’s move into the public markets follows that of rival Rocket Companies , the country’s largest mortgage lender by volume.

Mortgage 542

Mortgage Lending Business Inventory 542

Housing Wire

APRIL 14, 2022

had their mortgage businesses hit hard by the higher interest rate landscape in the first quarter of 2022. That’s a taste of what to expect from other mortgage lenders who have yet to report Q1 results. . mortgage lender by volume, originated $37.9 The mortgage banking noninterest income came in at $693 billion, down from $1.3

Mortgage 397

Mortgage Retail Business Lending 397

Housing Wire

SEPTEMBER 21, 2023

In a statement on Thursday, QC Ally said the acquisition would allow the company to further its mission of helping financial services firms achieve “true enterprise quality” throughout the lifecycle of the loan, from origination to servicing and deeper into secondary markets.

Investors 348

Investors Clients Technology Mortgage 348

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

Mortgage 401

Mortgage Inventory Housing Market Construction 401

Housing Wire

DECEMBER 2, 2020

The Mortgage Bankers Association reported that applications dropped 0.6% Purchase activities continued to show impressive year-over-year gains, with both the conventional and government segments of the market posting another week of growth,” Kan said. The refinance share of mortgage activity decreased to 69.5% the previous week.

Mortgage 298

Mortgage Contracts Government Inventory 298

Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. In the 2020 market, on the other hand, refinances were not driven just by an increase in equity but lower mortgage rates. Already a member?

Lending 538

Lending Housing Market Mortgage Marketing 538

Housing Wire

JANUARY 6, 2021

While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond. According to the Mortgage Bankers Association, mortgage origination volume is expected to reach $3.1

Housing Market 450

Housing Market Technology Marketing Mortgage 450

Housing Wire

MAY 2, 2022

in February, which was the first month to see price growth greater than 20%, according to Black Knight ’s monthly mortgage monitor report. Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market.

Housing Market 421

Housing Market Mortgage Investors Finance 421

Housing Wire

OCTOBER 22, 2020

history next to 2003. Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. A top originator this year may become a challenge as the market shifts if they are heavily weighted in refinance. Conclusions ?

Mortgage 401

Mortgage Training Contracts Loan Officers 401

Housing Wire

FEBRUARY 7, 2023

The NBA Board of Governors announced on Monday that it had approved the group, led by mortgage industry executive Mat Ishbia, to acquire the Phoenix Suns and Phoenix Mercury. Mat Ishbia, chairman and CEO of United Wholesale Mortgage (UWM), and his brother Justin, are buying 50% ownership of the franchises, including Sarver’s interest.

Valuation 330

Valuation Sellers Mortgage Marketing 330

Housing Wire

JANUARY 24, 2023

The majority of its revenue comes from rents, set at market rates by using third-party data. Broker Solutions , doing business as New American Funding, was ranked as the 32nd-largest mortgage lender, according to Inside Finance Mortgage. billion, mortgage data platform Modex showed. The lender originated $14.9

Tenants 341

Tenants Loan Officers Finance Clients 341

Housing Wire

MAY 15, 2023

mortgage market faced a new “ refinance boom” when mortgage rates declined by nearly 200 basis points between November 2018 and November 2020, following the Federal Reserve rate cuts that were made to remedy the economic impacts of the Covid-19 pandemic. When broken down by investor type, 38% of U.S.

Mortgage 340

Mortgage Investors Marketing 340

Housing Wire

FEBRUARY 21, 2023

Patty Arvielo founded NAF with Rick in 2003, who has been serving as CEO for more than 20 years. She created NAF’s Latino Focus and New American Dream initiatives, which is designed to boost homeownership and mortgage industry career awareness among Hispanic and Black communities. billion.

Retail 310

Retail Design Government Mortgage 310

Housing Wire

MARCH 30, 2023

housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages. However, the current housing market is much different than the credit boom-and-bust cycle of 2002-2008, and it’s vital to understand why.

Housing Market 504

Housing Market Mortgage Law Marketing 504

Housing Wire

APRIL 8, 2021

Prior to his appointment, Patel was managing director on the corporate client banking mortgage finance team, where he covered nonbank mortgage originators, mortgage REITs and mortgage servicers across the country. He joined JPMorgan Chase in 2003. billion in the fourth quarter, a 12% gain from the prior quarter.

Retail 358

Retail Lending Clients Finance 358

Housing Wire

APRIL 11, 2022

The AOL must also list “all other liens and the states in which they are subordinate,” and “state the title condition of the property is acceptable and the mortgage constitutes a lien of the required priority on a fee simple estate in the property.”. Fannie Mae did not return a request for comment.

Insurance 410

Insurance Real Estate Finance Mortgage 410

Housing Wire

APRIL 17, 2023

Multi-channel mortgage lender New American Funding (NAF) is entering the joint ventures arena, offering multiple JV models in a margin-compressed and highly regulated industry. Under the JV model, partners will have access to NAF’s infrastructure and mortgage originating process. The two lenders will each own 50% stake in the JV.

Brokerage 324

Brokerage Real Estate Agent Business Loan Officers 324

Empire Appraisal Group

NOVEMBER 9, 2023

Market Update Parkland and Coral Springs Q3 2023 Since 2005, Empire Appraisal Group, Inc. He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. His clients include Loan Depot, Caliber Home Loan, United Wholesale Mortgage, Rocket Mortgage, and US Bank, among others.

Marketing 78

Marketing Real Estate Clients Realtors 78

Empire Appraisal Group

NOVEMBER 22, 2023

Pompano Beach and Deerfield Beach Market Update Q3 2023 Since 2005, Empire Appraisal Group, Inc. He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. The post Pompano Beach and Deerfield Beach Market Update Q3 2023 appeared first on Empire Appraisal Group.

Marketing 78

Marketing Real Estate Clients Realtors 78

Housing Wire

JANUARY 10, 2022

The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. Homeland Title has served homebuyers and sellers in middle Tennessee since 2003. By investing in key markets across the country, Stewart looks to regain some of its market share.

Investing 412

Investing Insurance Real Estate Sellers 412

Housing Wire

DECEMBER 20, 2022

Billionaire mortgage executive Mat Ishbia is finalizing a purchase of the Phoenix Suns franchise in the near future, according to ESPN reporter Adrian Wojnarowski. Ishbia is chairman and CEO of Michigan-based mortgage lender United Wholesale Mortgage (UWM).

Advertising 367

Advertising Mortgage Investing Marketing 367

Housing Wire

DECEMBER 7, 2021

“That works out to nearly $178,000 available in tappable equity to the average homeowner with a mortgage before hitting a maximum combined loan-to-value ratio of 80%.”. Overall, mortgage holders withdrew more than $70 billion in equity in the third quarter, equivalent to just 0.8% will result in the tightest affordability since 2009.

Inventory 449

Inventory Mortgage Marketing 449

Housing Wire

NOVEMBER 7, 2022

The mortgage market slowdown is unfortunately affecting our entire industry,” Rick Arvielo, CEO of New American Funding, told HousingWire in a statement. “It Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, New American Funding offers a variety of conventional, government, adjustable-rate and non-qualified mortgages.

Training 274

Training Mortgage Government Finance 274

Housing Wire

AUGUST 11, 2020

I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. We didn’t have a boom in cash-out loans either, so the equity has not been whittled down like what we saw from 2003-2006.

Development 545

Development Housing Market Marketing Mortgage 545

Housing Wire

APRIL 30, 2021

Top retail mortgage lender loanDepot has formed yet another strategic joint-venture with a fast-growing homebuilder. California-based loanDepot has formed a JV partnership with LGI Homes , called LGI Mortgage Solutions , the companies announced on Thursday. As of Thursday, loanDepot had a market cap of $6.35

Retail 384

Retail Mortgage Lending Marketing 384

Housing Wire

SEPTEMBER 8, 2022

The housing market is very subsidized for demand to grow and whenever the economy gets weaker, rates fall and that impacts the housing market in a disproportionate way. As you can see below, we haven’t had the mortgage credit boom like we saw during the housing bubble years. This is what we do in America.

Inventory 543

Inventory Law Housing Market Design 543

Housing Wire

MARCH 1, 2022

Fannie said in a press release on Monday that the creation of this role cements its commitment to enabling opportunities for minority and women-owned firms in capital markets and fostering an inclusive workplace. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

Human Resources 354

Human Resources Government Finance Mortgage 354