Housing Wire

MAY 7, 2023

However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. didn’t go into recession until 2008.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

Housing Market 413

Housing Market Marketing Contracts Finance 413

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

Insurance 370

Insurance Loan Officers Sellers Mortgage 370

Housing Wire

FEBRUARY 1, 2022

California-based loanDepot greatly increased loan origination volume in 2021, which guaranteed gains in marketshare compared to its competitors. But the multichannel lender’s gain-on-sale margin and net income fell significantly in the fourth quarter, reflecting changing market conditions. million in 2021, compared to $264.3

Advertising 370

Advertising Loan Officers Retail Insurance 370

Housing Wire

OCTOBER 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. The acquisition cost Porch about $76.5

Mortgage 393

Mortgage Logistics Insurance Real Estate Agent 393

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 404

Insurance Investors Real Estate Loan Officers 404

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” Stick around and see if mortgage rates climb into the 7% range.

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

NOVEMBER 3, 2021

For the sixth straight quarter , eXp World Holdings , the parent company of eXp Realty , reported record breaking revenue, according to the company’s earnings report for the third quarter of 2021, released Wednesday. Year-over-year the number of agents and brokers increased 82% in Q3 2021 to 65,269. million, while net income was $23.8

Brokerage 370

Brokerage Lending Realty Agents 370

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. . Not much better.

Mortgage 370

Mortgage Loan Officers Lending Business 370

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 523

Mortgage Loan Officers Insurance Investors 523

Housing Wire

MAY 11, 2021

The special purpose acquisition company market isn’t dead yet, apparently. SoftBank Group -backed digital lender Better.com plans to make its public debut in the fourth quarter of 2021 via SPAC , in a deal that would value the company at nearly $8 billion, the firm said Tuesday. billion in title insurance and $1.4

Valuation 391

Valuation Insurance Investors Loan Officers 391

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Rick Sharga, executive vp of marketing at realtytrac. FHA Commissioner Julia Gordon.

Insurance 471

Insurance Home Value Mortgage Marketing 471

Housing Wire

APRIL 13, 2022

The 2021 honorees persevered despite the drastic impacts that the pandemic had on women in corporate American, particularly executive women. Enact Mortgage Insurance’s Director, Quality Assurance, Sheila Klostermann , led her team in increasing productivity by ~ 25% over the last year. billion and ranked No. 1 in profit.

Loan Officers 378

Loan Officers Insurance Mortgage Business 378

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. Magazine’s list of the 5,000 fastest growing companies in America in 2021.

Retail 414

Retail Loan Officers Brokerage Technology 414

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo, the third-biggest lender by volume in 2021 , laid off at least 114 employees in its home lending division this year. Loan origination volume dropped 26% to $21.6

Mortgage 414

Mortgage Loan Officers Lending Human Resources 414

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Modernizing origination to stay competitive in today’s housing market. As of mid-November, the credit union originated $1.6

Loan Officers 414

Loan Officers Modernization Finance Housing Market 414

Housing Wire

JULY 12, 2023

Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. The departure of top sales executives also happened amid job cuts due to a shrinking mortgage market. division, to Summit. In total, the lender cut 50 employees, according to anonymous sources.

Retail 370

Retail Development Finance Lending 370

Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Will we have a buyer’s housing market in 2021? USDA loans. Considering other loans require anywhere from 3% to 10% down at minimum, this can mean serious savings from the start.

Mortgage 424

Mortgage Loan Officers Real Estate Insurance 424

Housing Wire

DECEMBER 22, 2020

Are you planning to buy a home in 2021? Fixed-rate mortgages have a set interest rate for the entirety of the loan. They’ll send out an appraiser, who will analyze the property and local market to assess its worth. A homebuyer’s guide to a competitive housing market. Fixed-rate mortgage. More for Real Estate Enthusiasts.

Mortgage 414

Mortgage Property Taxes Loan Officers Sellers 414

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

DECEMBER 18, 2020

A homebuyer’s guide to a competitive housing market. Is 2021 a good time to buy a house? 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. More for Real Estate Enthusiasts. How much house can you afford to buy?

HOA 457

HOA Finance Investing Loan Officers 457

Housing Wire

FEBRUARY 3, 2022

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. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgage 382

Mortgage Retail Finance Investors 382

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more.

Lending 414

Lending Law Loan Officers Clients 414

Housing Wire

JANUARY 25, 2022

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. Additionally, the Federal Housing Finance Agency’s recent announcement of increased upfront fees for high-balance and second-home loans is bound to create more pressure by pushing borrowers out of the market.

Mortgage 368

Mortgage Inventory Business Loan Officers 368

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

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 382

Mortgage Investors Clients Marketing 382

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. The mortgage loan officer handling the loan? Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. George Dell – his usual very interesting comments. Was it the borrower?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. As of Sept. As of Sept. Two examples of investments we have made in this space are Vesta and Polly.

Mortgage 368

Mortgage Real Estate Investing Technology 368

Housing Wire

JUNE 1, 2021

Blazing a new trail in a year that came with no road map, this class of Rising Stars tapped into their core strengths, spearheading the conversations that moved the market forward. And thanks to their dedication, hard work and drive, the housing sector is more prepared than ever before to successfully navigate 2021 and beyond.

Retail 393

Retail Lending Loan Officers Finance 393

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 423

Business Mortgage Loan Officers Inventory 423

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. Back in 2020 and into 2021, you could go out in the parking lot with a net and just catch loans. I actually have the data.

Technology 442

Technology Loan Officers Lending Business 442

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. The last two years have been good to Christian Dicker.

Housing Market 432

Housing Market Marketing Brokerage Real Estate 432

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Work with a coach to map out your business. In general, agents who work more, earn more.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

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 379

Mortgage Technology Loan Officers Investing 379

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 366

Insurance Mortgage Clients Lending 366

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. To 2021 and beyond.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021.

Lending 300

Lending Advertising Design Loan Officers 300