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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

Lending 402
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Point Mortgage Corp. exits wholesale channel (for now)

Housing Wire

California-based Point Mortgage Corporation has decided to shut down its wholesale business GoPointDirect and lay off employees to focus on retail lending, a top executive confirmed to HousingWire. . “Our industry is saturated with Realtors and loan officers.

Mortgage 346
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How LOs are dealing with a mortgage rate lockdown

Housing Wire

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 381
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HW+ Member Spotlight: Reina Ramos

Housing Wire

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

Inventory 382
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Non-QM lenders are back. But will brokers pick up the phone?

Housing Wire

So when that happens, you don’t originate, you don’t lend at par for something at 88. But they were still hampered because lenders wouldn’t give them a loan. Realtors need to be your ally.”. And non-QM loans in my experience are harder.”. They were performing better than FHA and conventional loans, said Yonce.

Business 424
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How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. I thought it was sparse.

Lending 379
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How to Move Past Student Debt – and Into a Home

Will Springer Realtor

You want to buy a home but you’re worried you won’t qualify for a mortgage because of your student loan debt. Half of non-homeowners (51%) say student loan debt is delaying them from buying a home, according to a survey from the National Association of Realtors ®. The average student loan payment is $460 a month.

Buyers 36