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.” trillion in 2022 and $2.17

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Housing Market Marketing Mortgage Buyers 370

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch. Rapid City, South Dakota.

Housing Market 348

Housing Market Marketing Real Estate Real Estate Agent 348

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 397

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

Housing Market 351

Housing Market Marketing Agents Real Estate 351

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. I think it’s already priced in the market.”.

Housing Market 301

Housing Market Marketing Loan Officers Buyers 301

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 With insurers fleeing the state, the California FAIR Plan, the state’s insurer of last resort, saw enrollment jump to 272,846 homes in 2022.

Insurance 364

Insurance Housing Market Marketing Supply Chain 364

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. billion in Q1 2022 (which was roughly in line with industry peers).

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Loan Officers Marketing Retail Renovations 358

Housing Wire

JULY 20, 2023

The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. Following one major layoff and furlough in 2022, the Arizona-based lender eliminated costs and is positioned to grow revenue, executives said.

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Loan Officers Brokerage Real Estate Lending 259

Housing Wire

SEPTEMBER 11, 2023

The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually. The lender has about 80 loan officers and aims to hire up to 100 in states.

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Loan Officers Agents Retail Technology 383

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 437

Finance Real Estate Agent Real Estate Insurance 437

Housing Wire

MAY 26, 2022

. “As rates have moved higher, ARM loans have gotten more attractive to borrowers because it gives them a lower monthly payment,” said Joel Kan, associate vice president of economic and industry forecasting at the MBA. ” How lenders can improve business models in 2022.

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Loan Officers Housing Market Mortgage Buyers 390

Housing Wire

DECEMBER 16, 2022

The housing market has been in a recession since mid-year 2022. Most industry experts predict mortgage rates will be back down around 5.25% in 2023 after peaking at 7.25% in 2022. As we bid farewell to 2022 (like peace the heck out!) and the host of “The Loan Officer Podcast”

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Mortgage Loan Officers Training Housing Market 387

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. American Financing Corporation originated $4.13

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Loan Officers Modernization Finance Housing Market 405

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. But for loan professionals, relief doesn’t pay the bills. million to 1.93

Mortgage 380

Mortgage Loan Officers Inventory Retail 380

Housing Wire

MARCH 23, 2022

Nominations for HousingWire’s Marketing Leaders award are now open through Friday, March 25, 2022. Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage.

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Finance Loan Officers Lending Housing Market 288

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion in 2022, down from the previous year’s $4.4

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Lending Realtors Real Estate Agent Mortgage 344

Housing Wire

SEPTEMBER 5, 2023

They would rather invest money in the housing market than in the stock market,” he said. I estimate roughly a third of our competitors are out of business or have exited the market, and that is good for Acra,” Lind said. We increased our liquidity and found more buyers for our loans.

Marketing 352

Marketing Loan Officers Lending Brokerage 352

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 371

Mortgage Loan Officers Clients Housing Market 371

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said.

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Marketing Mortgage Inventory Loan Officers 345

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.

Mortgage 368

Mortgage Loan Officers Lending Business 368

Housing Wire

SEPTEMBER 7, 2023

The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. The broker channel made up for 16.8% EPM originated $1.05

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Retail Loan Officers Business Lending 390

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. million existing homes on the market in August and would take 3.2 Mortgage rates have nearly doubled to around 6.5% According to the NAR, there were 1.28

Mortgage 409

Mortgage Loan Officers Buyers Inventory 409

Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. estimated by the markets.

Mortgage 391

Mortgage Loan Officers Retail Marketing 391

Housing Wire

AUGUST 23, 2023

Loan officers were let go in August as well, according to former employees. I would say the turnaround time on marketing projects has been slowed down because of the market for sure,” another former employee said on the condition of anonymity due to fear of retaliation. market share, IMF data showed.

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Human Resources Loan Officers Project Management Training 284

Housing Wire

AUGUST 22, 2022

Well, here we are rounding out another spring and summer market. Kudos to the Loan Officers who have found a way to transition from the refinance boom of 2020 — 2021 and into the purchase market of 2022. To the Loan Officers still standing – I salute you.

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Loan Officers Lending Marketing Real Estate 367

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. The new program and tool launches come as potential Hispanic home buyers face a tight housing market with historic low level of supply for affordable homes. billion in loans.

Marketing 361

Marketing Tools Loan Officers Finance 361

Cornerstone

JANUARY 7, 2022

Now it’s 2022, and both homebuyers and sellers have questions. Will more houses become available? To give you accurate answers, we’ve gone to the source: trusted housing industry experts. Housing market predictions 2022: Insight from 5 experts. Hot market conditions should cool slightly.

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Housing Market Marketing Sellers Inventory 52

Housing Wire

DECEMBER 1, 2022

Layoffs at the site in Pewaukee, Wisconsin are “expected to commence on November 29, 2022, and to proceed until completion of wind-down in early 2023,” Buege said. The letter showed that the first round of layoffs will start on December 2 and will impact marketing staff, loan processors, underwriters and a loan officer.

Mortgage 365

Mortgage Loan Officers Buyers Business 365

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%

Mortgage 377

Mortgage Loan Officers Government Buyers 377

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 389

Business Loan Officers Clients Inventory 389

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. Rates for jumbo loan balances (greater than $726,200) went from 6.44% to 6.49% in the same period.

Mortgage 374

Mortgage Loan Officers Investors Government 374

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The bottom for 2022 was 240,194.

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Mortgage Loan Officers New Listings Government 390

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. What should your content look like?

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Loan Officers Business Mortgage Clients 314

Housing Wire

DECEMBER 3, 2021

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. HousingWire: What do you think will be t he big themes for the housing market in 2022?

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Inventory Loan Officers Clients Mortgage 381

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Joel Kan, associate vice president of economic and industry forecasting, at the Mortgage Bankers Association said rates could head even higher in 2022. “If Randy Howell, president of Mortgage Power Inc.

Mortgage 381

Mortgage Contracts Loan Officers Insurance 381

Housing Wire

DECEMBER 10, 2021

3) Inflation and higher interest rates will likely lead us into the next recession, which contrary to popular belief, can be positive for the housing market due to lower interest rates. HousingWire: What do you think will be the big themes for the housing market in 2022?

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Loan Officers Housing Market Mortgage Tools 363

Housing Wire

FEBRUARY 10, 2023

.” While his origination volume dropped by about 55% to $378 million in 2022 from the previous year, Kechian is confident he could capitalize on the purchase market by tapping into the network he’s been building with realtors over the last year. “We We feel like we picked up more market share in 2022,” Kechian said.

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Marketing Inventory Loan Officers Buyers 366