Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We According to the NMLS , Commitment Mortgage has four sponsored MLOs.

Lending 322

Lending Realtors Real Estate Agent Mortgage 322

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. Increasing lending and servicing capacity – regardless of mortgage rates. for the week ending Feb.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

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. million, down 0.4%, Fannie Mae said.

Lending 545

Lending Mortgage Realtors Housing Market 545

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. Brad Wayman.

Retail 474

Retail Mortgage Clients Lending 474

Housing Wire

JANUARY 3, 2023

Regina Lowrie, the first female chair of the Mortgage Bankers Association , died suddenly on Jan. Regina Lowrie, the first female chair of the Mortgage Bankers Association. In 2003, Lowrie accepted her nomination to serve on the MBA leadership ladder — initially serving as MBA vice chair. She was 68.

Mortgage 457

Mortgage Investing Real Estate Finance 457

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 408

Mortgage Lending Retail Business 408

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 395

Loan Officers Development Mortgage Real Estate 395

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

SEPTEMBER 23, 2020

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3% of total applications from 62.8% from 3.07%.

Housing Market 536

Housing Market Mortgage Contracts Marketing 536

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.

Mortgage 545

Mortgage Government Contracts Lending 545

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. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 359

Loan Officers Retail Finance Buyers 359

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

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 380

Insurance Brokerage Government Real Estate 380

Housing Wire

FEBRUARY 8, 2024

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 billion with a share price of $51.33 as of Thursday afternoon.

Technology 396

Technology Investors Finance Business 396

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

MAY 5, 2022

Homebuyers will have to look elsewhere to secure a mortgage, as the members-only big box store announced it’s no longer in the business of financing homes. Costco’s announcement says simply: “Members with questions regarding their current mortgage application and loan should contact the lender they have been working with.”.

Mortgage 370

Mortgage Retail Finance Business 370

Housing Wire

DECEMBER 2, 2020

The Mortgage Bankers Association reported that applications dropped 0.6% Kan added that a sustained period of low mortgage rates continues to “spark borrower demand,” leading to the mortgage industry being poised for its strongest year in originations since 2003. during the week ending Nov. 27 in its latest weekly survey.

Mortgage 294

Mortgage Contracts Government Inventory 294

Housing Wire

SEPTEMBER 21, 2023

Founded in 2003, Inglet Blair specializes in the analysis of residential mortgage loans and other forms of secured mortgage-related debt, leaning on ratings-agency approved insight. “As

Investors 338

Investors Clients Technology Mortgage 338

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 396

Mortgage Inventory Housing Market Construction 396

Housing Wire

MARCH 15, 2021

In the 2020 market, on the other hand, refinances were not driven just by an increase in equity but lower mortgage rates. Although mortgage refinance activity was the highest in 2020 than it has been since 2003, the reasons for refinancing and the quality of the equity loans are much different than they were in the 2000s.

Lending 535

Lending Housing Market Mortgage Marketing 535

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. First, the mortgage market is always volatile, but the winners are the ones who “go where the puck is going”, to use the famous Gretzky line.

Mortgage 392

Mortgage Training Contracts Loan Officers 392

Housing Wire

JANUARY 24, 2023

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 billion in volume in 2022, a decline of more than 50% from its 2021 production of $30.5

Tenants 331

Tenants Loan Officers Finance Clients 331

Housing Wire

JANUARY 6, 2021

According to the Mortgage Bankers Association, mortgage origination volume is expected to reach $3.1 trillion, with the largest refinance market since 2003 and the largest home purchase loan market since 2005 and 2006. The post 2020 housing disruption paves the way for years to come appeared first on HousingWire.

Housing Market 450

Housing Market Technology Marketing Mortgage 450

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 320

Valuation Sellers Mortgage Marketing 320

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 300

Retail Design Government Mortgage 300

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

Mortgagebroker News

JUNE 15, 2023

The rising-rate environment is taking its toll

Mortgage 57

Mortgage 57

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 347

Marketing Tools Loan Officers Finance 347

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 348

Retail Lending Clients Finance 348

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 313

Brokerage Real Estate Agent Business Loan Officers 313

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 330

Mortgage Investors Marketing 330

Housing Wire

APRIL 25, 2022

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . In 2020, the company acquired First Choice Loan Services , a New Jersey-based mortgage company with offices in 15 states. LendUS doesn’t have quite the same heft.

Retail 384

Retail Loan Officers Mortgage Lending 384

Appraisal Buzz

NOVEMBER 3, 2021

Rhedrick previously served as in-house counsel for JPMorgan Chase Bank, where she gained extensive experience representing investors and servicers in residential mortgage-backed securities focusing on root cause analysis of non-performing assets.

Real Estate 195

Real Estate Investors Finance Development 195

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. billion in mortgages in 2021. billion in the first six months of 2022, down 42.7%

Human Resources 421

Human Resources Loan Officers Mortgage Training 421

Housing Wire

AUGUST 17, 2023

It’s the third consecutive year that AccuTitle, founded in 2003, has made the Inc. 5000 list in 2023 — just 16 mortgage lenders and brokerages appeared, down from nearly 70 a year prior. New Jersey-based AccuTitle has title management platforms TitleFusion, Landtech, Closers’ Choice and TrackerPro. AccuTitle was No.

Insurance 355

Insurance Brokerage Real Estate Business 355

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 365

Advertising Mortgage Investing Marketing 365

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 448

Inventory Mortgage Marketing 448