Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 393

Inventory Marketing Mortgage Supply Chain 393

Housing Wire

OCTOBER 27, 2022

Everyone knows that the current market is a challenging environment for housing professionals, as high rates mean fewer originations and even less refi business. But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In Focus on the controllables.

Loan Officers 381

Loan Officers Clients Mortgage Marketing 381

Housing Wire

AUGUST 25, 2022

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. . The company was first established in the New England region in Rhode Island.

Brokerage 471

Brokerage Mortgage Loan Officers Real Estate Agent 471

Housing Wire

JULY 22, 2022

Founded in 2008, Live Oak Bank has a digital, cloud-based bank serving small business owners in all 50 states. Crawford, a former pro football player, founded distributed retail nonbank Movement Mortgage in 2008. Not immune to the downturn in the mortgage market, the lender originated $6.7

Loan Officers 377

Loan Officers Retail Lending Mortgage 377

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officers 392

Loan Officers Real Estate Agent Real Estate Finance 392

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We over the past 15 years from 5.5%, but building in Moderate FHSZ has nearly doubled since 2008.

Insurance 367

Insurance Housing Market Marketing Supply Chain 367

Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. After launching his career at UBS in New York City, Yeager returned to the Pacific Northwest to open his own brokerage, which merged with Cobalt Mortgage in 2008.

Loan Officers 352

Loan Officers Retail Lending Investing 352

Housing Wire

MAY 26, 2022

As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. The conventional 30-year mortgage rate would have to be in the mid- to high-5% range for the ARM to be in the high-3% range,” said a loan officer in Washington.

Loan Officers 393

Loan Officers Housing Market Mortgage Buyers 393

Housing Wire

NOVEMBER 10, 2022

“We want to grow,” Casey Crawford , a former pro football player who founded distributed retail nonbank Movement in 2008, said in a statement to HousingWire. Movement says it employs more than 1,500 loan officers nationwide and has over 550 branches.

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

MARCH 10, 2021

In the last decade, community lenders—those credit unions, community banks, and independent mortgage banks who serve their local markets—have grown to own the market. Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance.

Marketing 382

Marketing Technology Lending Business 382

Housing Wire

JUNE 5, 2023

Mortgage brokers emerged as key players in the industry in the 1980s because they offered access to multiple lenders and loan products. Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. Now, they are sitting at 22% and climbing, because they offer the most loan options to borrowers.

Mortgage 367

Mortgage Retail Lending Loan Officers 367

Housing Wire

MARCH 11, 2021

I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? Most answer LOs because most industry market share is still LO-driven. But let’s go deeper to see if this answer holds up for execs and LOs over full market cycles. million units this year (per MBA ).

Loan Officers 470

Loan Officers Clients Mortgage Lending 470

Housing Wire

APRIL 4, 2022

Founded in 2008, Movement Mortgage focuses on providing loans quickly and easily to homebuyers, with a network of loan officers in more than 775 locations nationwide, and more than 4,500 employees, the company’s website shows. Movement cut 180 jobs in 2018 due to a nationwide downturn in the housing and mortgage market.

Mortgage 441

Mortgage Supply Chain Retail Loan Officers 441

Housing Wire

JUNE 15, 2022

“Mortgage rates increased for all loan types, with the 30-year fixed rate last week jumping 25 basis points to 5.65% – the highest level since 2008. Multiple loan officers told HousingWire on Monday — after the MBA survey for the week had closed — that mortgage rates moved beyond 6% for even the most credit-worthy of borrowers.

Mortgage 343

Mortgage Loan Officers Brokerage Inventory 343

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based They’re trying to protect their portfolios and make good loans. based think tank Urban Institute to hear their takes.

Loan Officers 363

Loan Officers Insurance Mortgage Real Estate Agent 363

Housing Wire

MAY 13, 2022

Movement Mortgage was founded in 2008 with a mission to create a “movement of change” in the mortgage industry after one of the hardest financial episodes in American history. We have a goal of increasing our market share within diverse communities along with bringing more diverse loan officers into the industry.

Loan Officers 386

Loan Officers Mortgage Design Lending 386

Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. Smaller business .

Mortgage 369

Mortgage Loan Officers Lending Business 369

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Others have expressed concerns that we are headed for a housing crash, like in 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. My slowest years were the years leading up to 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

NOVEMBER 22, 2022

. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. The shrinking mortgage market is the primary reason why. billion in annual mortgage loan volume to its platform. . It added $1.5

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

MARCH 15, 2023

He joined Fannie Mae in the wake of the financial crisis in 2008-2009 and served as CEO from 2012 to 2018. SVB operated as a portfolio lender in the residential mortgage space, not selling loans on the secondary market. of the production was conventional loans and 49% consisted of purchase loans. In total, 76.6%

Mortgage 361

Mortgage Loan Officers Insurance Business 361

Housing Wire

MARCH 1, 2021

For Weidel, this frenzied period — in which trillions in mortgages have been originated and lender capacity has stretched like never before — created an opportunity to not only to capture market share, but to create a more stable and sustainable mortgage workforce that could grow with the business. Live by the sword, die by the sword.

Mortgage 275

Mortgage Loan Officers Retail Business 275

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 368

Mortgage Bracketing Loan Officers Investors 368

Appraisal Buzz

MAY 17, 2021

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

APRIL 12, 2021

In today’s market, efficiency is everything and this new integration makes it much easier for lenders using the LendingWise platform to get new deals into their pipeline faster,” said Greg Holmes, Credit Plus CEO and president. The move establishes Credit Plus in the commercial and private money lending spaces. “In Presented by: CoreLogic.

Property Taxes 230

Property Taxes Lending Loan Officers Business 230

Housing Wire

JULY 15, 2022

This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

Real Estate 385

Real Estate Realtors Brokerage Business 385

Housing Wire

FEBRUARY 11, 2021

Christensen has 17 years of mortgage industry knowledge, jumpstarting her career as a loan officer in 2003 until 2008 when she began to work with the many American families facing foreclosure due to the Great Recession. The focus of the Spring Summit is The Year-Round Purchase Market.

Loan Officers 223

Loan Officers Real Estate Technology Mortgage 223

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 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

FEBRUARY 28, 2022

Interest rates were at or near historical lows, home prices showed strong appreciation and market participants set volume and profitability records. As part of the development process, Pennymac held focus sessions with key partners and took detailed feedback from a variety of users, including loan officers, processors and broker owners.

Technology 364

Technology Clients Business Investing 364

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. At that point, Dodson was actively working on a jumbo loan for friends of his from church. Mark Dodson was having a promising start to the year. ” “I lost $6 million in April,” the broker added.

Business 424

Business Mortgage Investors Loan Officers 424

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

Construction 148

Construction Loan Officers Training Lending 148

Cornerstone

FEBRUARY 15, 2022

There were analysts who expressed concern that once forbearance plans expired, the real estate market could see a foreclosure surge, similar to what followed the housing bubble 15 years prior. The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

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. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 422

Business Mortgage Loan Officers Inventory 422

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

Construction 78

Construction Loan Officers Training Lending 78

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 338

Real Estate Agent Real Estate Project Management Agents 338

Housing Wire

NOVEMBER 1, 2023

Educate borrowers early and often Exotic lending products went mainstream in the early 2000s, leading, in part, to the 2008 financial crisis and the subsequent regulatory overhaul. In the run-up to 2008, many lenders emphasized low introductory mortgage rates and weren’t required to disclose the final terms until closing day.

Lending 378

Lending Loan Officers Development Mortgage 378