Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreement by changing the driver of the car starting in May 2022.

Legal 270

Legal Contracts Lending Loan Officers 270

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. billion in 2022, with 50% through wholesale. “Wholesale is growing. in 2014. .”

Retail 363

Retail Loan Officers Landlords Lending 363

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. billion, according to a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 375

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.” I think listing agents are going to win.

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Buyers Agents Loan Officers Real Estate 374

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. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” Tozer suggested “a fee of 1.3%

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Mortgage Loan Officers Government Buyers 363

Housing Wire

AUGUST 22, 2022

With average home sale prices in Baltimore having increased by about 25% since then, a loan officer at loanDepot told the couple that “we should be good” because the estimated value was “pretty conservative.”. loanDepot contracted 20/20 Valuations and after the appraisal, the lender said it would not extend the loan.

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Appraisal Loan Officers Valuation Finance 366

Housing Wire

MAY 31, 2022

Chicago’s housing market started out hot in 2022. increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

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Mortgage Construction Lending Real Estate 382

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.

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Marketing Law Government Mortgage 415

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. A Movement representative did not return a request for comments.

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Retail Contracts Legal Business 352

Housing Wire

APRIL 21, 2022

Nominations for HousingWire’s Women of Influence award are now open through Friday, April 29, 2022. But Carrie Gusmus , President and CEO of Aslan Home Lending Corporation, has a more positive outlook despite the current headwinds. CG : At Aslan, our team has a higher than average percentage of loan officers who are under 30.

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Mortgage Contracts Technology Lending 366

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. HousingWire: What do lending executives need to understand when it comes to supporting top producers? 1 LO in the U.S.

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Real Estate Agent Mortgage Real Estate Training 249

Housing Wire

SEPTEMBER 8, 2022

Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. The lender has a contract with Moder , the business outsourcing arm of Archwell Holdings , sources said. HousingWire wasn’t able to confirm if that figure included staff overseas.

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Mortgage Loan Officers Clients Investing 498

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

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Mortgage Loan Officers Retail Training 339

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. through the rest of 2022.

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Housing Market Marketing Loan Officers Buyers 300

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. At 5 basis points in first-quarter 2022, and at a loss of 5 basis points in second-quarter 2022, the industry is now struggling with the perfect storm of lower volume, lower revenues, and higher costs per loan.

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Lending Mortgage Real Estate Loan Officers 382

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing.

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Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

AUGUST 16, 2023

over that same period but 25% below the volume of July 2022. The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Ishbia says 2022 and 2023 are the grind-it-out years and 2024 will be a bit better. Overall lock volumes are up 4.8%

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Retail Real Estate Agent Business Mortgage 325

Housing Wire

FEBRUARY 3, 2022

Executives of publicly traded nonbank mortgage lenders will instead have to sooth the fears of their investors in 2022, a consequence of the cyclical inevitability of higher rates , lower refinance volumes, and fiercer-than-ever competition, according to analysts who cover the sector. trillion in 2022, according to the trade group.

Mortgage 362

Mortgage Retail Finance Investors 362

Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. The trajectory of merger and acquisition (M&A) deals bears that reality out.

Mortgage 366

Mortgage Marketing Buyers Lending 366

Housing Wire

JUNE 2, 2023

The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Mat Ishbia: In the 2022 and 2023 markets, rates went up a lot. I think 2022 and 2023 are equally tough years. million in net income in 2022, including a $284.1

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Retail Inventory Mortgage Loan Officers 347

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. Home values are expected to continue to rise into 2022.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Appraisal Today

MAY 12, 2023

Whimsical Casa Luna Bounces Onto the Market in Big Sur for $6,600,000 (dropped from $7M in December 2022) (Mickey) Manning architecture and designed homes to complement their natural surroundings. Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined?

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Appraisal Architecture Business Contracts 52

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023.

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Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There are few bank-owned (REO) sales right now, but when they happen, they’ve been a combination of older loans and some newer ones (but not really people who bought in 2022 at peak prices). Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender?

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). In the October 2022 issue of the monthly Appraisal Today Newsletter. Redfin Survey October 07, 2022. By Ken Dicks, October 3, 2022.

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Appraisal Insurance Real Estate Business 52