Housing Wire

SEPTEMBER 30, 2022

Lenders will close and some others will need to merge because of the new liquidity regulations that are coming in 2023.”. Pressure on rates has sharply reduced demand for mortgage loans, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume , declined 3.7%

Buyers 450

Buyers Mortgage Loan Officers Retail 450

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 403

Business Loan Officers Clients Inventory 403

Housing Wire

APRIL 18, 2023

When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. Read on to learn more about New American Funding’s business model of outside distributed retail, their in-house tech stack rebuild, its expansions plans and prospects in 2023. Is NAF done rightsizing?

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Retail Business Agents Loan Officers 358

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.

Mortgage 393

Mortgage Loan Officers New Listings Government 393

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. year-over-year.

Mortgage 414

Mortgage Loan Officers Buyers Inventory 414

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

MARCH 6, 2023

He was cautiously optimistic for a better 2023. The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. It’s almost like there was a false start,” Monson said.

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Loan Officers Inventory Real Estate Agent Buyers 382

Housing Wire

APRIL 16, 2024

That’s because those were the two lowest case number assignment months in all of 2023, McCue said. Case numbers, product types In terms of case numbers, the low-issuance months at the end of 2023 served as a bit of a telegraph, McCue noted. With that said, you shouldn’t be too surprised to see endorsements fall off in February.

Retail 378

Retail Mortgage Business Loan Officers 378

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

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

NOVEMBER 10, 2023

That doesn’t take into consideration the number of buyers that had already applied and were sitting on the sidelines. Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. The CPI report for October 2023 – set to release on Nov. in 2023 and move up to 6.9%

Mortgage 424

Mortgage Inventory Marketing Retail 424

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 2023.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

MARCH 30, 2023

My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets. We want to sustainably grow throughout 2023.

Mortgage 390

Mortgage Retail Loan Officers Brokerage 390

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.

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Business Mortgage Loan Officers Inventory 423

Housing Wire

SEPTEMBER 22, 2023

With the majority of Fed officials expecting another rate hike before the end of 2023, how do you think this decision will affect housing and your forecast for the economy? But somebody has to replace the Fed, and the Fed is not an economic buyer. So they are a policy buyer. Are you optimistic this trend will continue?

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Housing Market Marketing Buyers Investors 441

Housing Wire

SEPTEMBER 23, 2022

trillion in 2023 will look awfully rosy. “Given the magnitude of the move in rates, we think there could be a downside to current estimates for industry volumes in 2023.” trillion in 2023. You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range.

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Housing Market Marketing Mortgage Buyers 370

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. 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.”

Mortgage 442

Mortgage Loan Officers Inventory Business 442

Housing Wire

APRIL 14, 2022

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. of its originations were purchase loans last year. The closer, the better. in consumer direct and 2.3% year-over-year.

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Mortgage Marketing Retail Lending 519

Housing Wire

JUNE 15, 2022

Lenders, loan officers and economists who spoke to HousingWire this week said that the current volatility in the markets will reduce originations even further in 2022, bringing additional rounds of layoffs. trillion in 2023. Dominguez said his origination volume is up over the past few weeks due to increased inventory.

Mortgage 382

Mortgage Investors Clients Marketing 382

Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. Here we are, heading into the fourth quarter of 2023 expecting more rate hikes, not any cuts,” Cohn said. In August 2023, its latest forecast was for rates to end the year at 6.2%. Inventory remains thin.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Buyers want to know that they will be able to get a low mortgage rate when they lock in a rate.

Mortgage 450

Mortgage Buyers Inventory Technology 450

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 billion in the first quarter of 2023, down 31.6% IMF data suggests BofA’s production in Q1 2023 was $2.8 year over year.

Marketing 364

Marketing Retail Mortgage Investors 364

Housing Wire

MAY 24, 2022

Multiple crops per year: Move-up buyers and refinancing. We need a reset and one that will continue into 2023. For starters, there will be fewer of us — loan officers, banks, brokers. There will be more loans than we can efficiently process for years. The builders will have more inventory. The survivors.

Mortgage 424

Mortgage Real Estate Agent Business Loan Officers 424

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. First finished homes projected to be finished in September, 2023.What Interesting that the Fannie change came out September 7. == New in the September 2023 issue of Appraisal Today Appraisers vs. Lenders.

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Appraisal Contracts Business Construction 81

Appraisal Today

MAY 12, 2023

Most buyers were tech people from the Bay Area. To read more about this topic from the March 2023 newsletter, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. The residential lending appraisal business depends on low-interest rates, the same as for loan officers. Mortgage applications increased 6.3

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Appraisal Architecture Business Contracts 52