Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

SEPTEMBER 5, 2023

First, Lind said, it is important to note that nearly 50% of non-QM production right now is investor loans. There are a lot of very strong tailwinds with investors understanding there is a shortage of somewhere between three and five million homes in the U.S. We increased our liquidity and found more buyers for our loans.

Marketing 393

Marketing Loan Officers Lending Brokerage 393

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. So why is this program so rare?

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. We feel like we picked up more market share in 2022,” Kechian said. in the fourth quarter of 2022. The numbers shook out to be like $378 million.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

MARCH 2, 2023

Lower mortgage rates back in January brought buyers back into the market. Now that rates are moving up, affordability is hindered and making it difficult for potential buyers to act, particularly for repeat buyers with existing mortgages at less than half of current rates,” he said.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. ”

Mortgage 523

Mortgage Loan Officers Insurance Investors 523

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 382

Mortgage Loan Officers Clients Housing Market 382

Housing Wire

MAY 3, 2023

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 404

Agents Real Estate Agent Brokerage Real Estate 404

Housing Wire

SEPTEMBER 22, 2022

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 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

JULY 7, 2022

2022 State of the Mortgage Industry: Affordability and Inventory. In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. Institutional Investors. In 2021, we saw the highest rate of investor-purchased properties than ever before.

Inventory 393

Inventory Marketing Mortgage Supply Chain 393

Housing Wire

MARCH 31, 2022

Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. BH: There’s no question that non-QM is more difficult to originate than conforming or government loans, so many mainstream brokers and loan officers have been reluctant in the past to offer these products.

Marketing 393

Marketing Investors Technology Loan Officers 393

Housing Wire

AUGUST 17, 2023

According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation. At Mortgage News Daily on Thursday morning, the 30-year fixed rate for conventional loans was 7.34%, up 29 basis points from the previous week.

Mortgage 370

Mortgage Supply Chain Government Buyers 370

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 trillion in 2022 and $2.3

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 404

Business Loan Officers Clients Inventory 404

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Starter homes are virtually non-existent, and there are a lot of investors purchasing homes at the lower price points,” Davis said. Conway, Arkansas. Columbus, Ohio.

Housing Market 382

Housing Market Marketing Agents Real Estate 382

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

Mortgage 382

Mortgage Investors Clients Marketing 382

Housing Wire

JUNE 15, 2022

The share of mortgage applications for ARMs is still below the historical average between 1990 and 2022 of 12.49% and significantly lower than the peak of 36.6% Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments. It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 370

Mortgage Bracketing Loan Officers Investors 370

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. trillion to $1.7 trillion.

Buyers 404

Buyers Mortgage Sellers Investing 404

Housing Wire

DECEMBER 29, 2023

You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.

Mortgage 442

Mortgage Loan Officers Inventory Business 442

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 424

Business Mortgage Loan Officers Inventory 424

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. 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.

Lending 393

Lending Real Estate Agent Loan Officers Retail 393

Housing Wire

AUGUST 23, 2023

That’s a stark contrast to what was expected at the end of 2022, when economists forecast rates to be roughly 5.5% In December 2022, the Mortgage Bankers Association (MBA) expected the 30-year fixed rate to end this year at 5.2%. “You would think that with rates going into the highest all of a sudden, buyers would stall.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 424

Loan Officers Mortgage Lending Real Estate Agent 424

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. 1 when it came to jumbo originations in 2022, with $28.7 Pontiac, Michigan-based United Wholesale Mortgage was the only nonbank on the list, in the ninth position with $7 billion in volume in 2022. billion in 2022. Who’s at the top?

Marketing 370

Marketing Retail Mortgage Investors 370

Housing Wire

MAY 31, 2022

Chicago’s housing market started out hot in 2022. The Mortgage Bankers Association expects loan origination volume to drop to about $2.5 trillion in 2022, down significantly from last year’s $4 trillion. Department of Agriculture (USDA). About 1,820 homes were sold in the city in January alone, a 7.2% during the same time.

Mortgage 382

Mortgage Construction Lending Real Estate 382

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. Fewer buyers in the market also means homebuilders are enticing shoppers with incentives, which negatively affects margins. Though not necessarily to buyers with financing.

Housing Market 433

Housing Market Marketing Brokerage Real Estate 433

Housing Wire

DECEMBER 31, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. But many of those elements are fading as the industry heads into 2022. In 2022, refi origination volume is expected to drop by 62% to about $860 billion.

Marketing 424

Marketing Law Government Mortgage 424

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I’m not really focused on the margins for this quarter,” Ishbia told investors in UWM’s second-quarter earnings call. “It’s

Investing 404

Investing Loan Officers Retail Mortgage 404

Lamacchia Realty

MARCH 4, 2024

Because excited buyers are typically caught up in house hunting, one crucial aspect is often overlooked: hiring a mortgage broker. Whether you are a first-time homebuyer or a seasoned investor, choosing the right mortgage broker can significantly impact your overall home-buying experience.

Mortgage 69

Mortgage Legal Realty Buyers 69

Housing Wire

DECEMBER 15, 2021

It also means we have to get back to the basics of building relationships with our clients and being their loan adviser for life instead of treating them as transactional customers. Loan officers and brokers need to reconnect with past clients and show their value. That value lies primarily in our knowledge and expertise.

Finance 393

Finance Construction Law Inventory 393

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Most buyers were tech people from the Bay Area.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023. They are risky for the lender and its investors.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

DataMaster

JUNE 9, 2021

As high net worth individuals and institutional investors continue to snatch up homes and further reduce the housing supply, they drive the prices even higher. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. Is there any hope for the rising generations? How Much is Too Much?

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

As high net worth individuals and institutional investors continue to snatch up homes and further reduce the housing supply, they drive the prices even higher. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. Is there any hope for the rising generations? How Much is Too Much?

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

As high net worth individuals and institutional investors continue to snatch up homes and further reduce the housing supply, they drive the prices even higher. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. Is there any hope for the rising generations? How Much is Too Much?

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78