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%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 391

Business Loan Officers Clients Inventory 391

Housing Wire

MAY 7, 2024

According to [NAR] Chief Economist Lawrence Yun, home sales in 2023 fell to their lowest levels in nearly 30 years, but are finally on the uptick as of February,” a second article said. Boomers are said to be one reason inventory has been in short supply and the housing market has been frozen.”

Mortgage 434

Mortgage Real Estate Agent Inventory Housing Market 434

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Adjusting to a “new normal”.

Renovations 397

Renovations Realtors Construction Mortgage 397

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself. Hello friends! I hope you enjoy it!

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Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. This decline, coupled with the aforementioned low inventory levels, is set to rekindle suppressed buyer demand. Will we get more inventory?

Real Estate Agent 430

Real Estate Agent Real Estate Buyers Agents 430

Housing Wire

MARCH 31, 2022

And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% The central bank has signaled that it will raise interest rates another six times this year and several more in 2023 to control inflation, which reached the highest level in 40 years in February, at 7.9%.

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Supply Chain Mortgage Inventory Loan Officers 509

Housing Wire

JANUARY 12, 2023

In the first half, there was record low inventory and high buyer demand due to low interest rates. Both agree that the two biggest housing indicators going into 2023 are mortgage rates and housing inventory. We will see inventory growth throughout the year, it is just a question of how much,” says Simonsen. “We

Marketing 336

Marketing Inventory Real Estate Clients 336

Housing Wire

MARCH 20, 2024

The recent team of hires reflects a variety of roles and meets the needs of our clients,” Boyd said. The product, offered through an affiliated NAF company, allows homebuyers to make cash offers, which makes them more competitive amid low inventory levels. mortgage lender at the end of 2023. billion in 2023, down 34.5%

Mortgage 398

Mortgage Loan Officers Inventory Finance 398

Housing Wire

JANUARY 29, 2024

2023 was the weirdest real estate market on record. We played mortgage rate ping-pong, had unprecedented low levels of inventory and still there were escalating prices. All this happened, but you survived it, so go you! Now it’s time to make this your year. How can you increase your chances of that happening?

Real Estate Agent 433

Real Estate Agent Real Estate Agents Inventory 433

Housing Wire

JULY 18, 2023

Since signing on to The Agency in mid-July, she has already brought $5 million in existing home inventory online and $8 million in builder listings to the firm. He has a background in managing sales operations and brokering transactions between clients in the U.S. The Williamsons launched The Agency Dallas in January 2023.

Agents 365

Agents Loan Officers Brokerage Clients 365

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion in origination volume in Q2, up about 31% from $17 billion in Q1 2023. Rocket generated $22.3

Clients 331

Clients Business Inventory Mortgage 331

Housing Wire

MAY 4, 2023

Elevated mortgage rates hurt Rocket Companies , the parent of Rocket Mortgage , again in the first quarter of 2023. Adjusted revenue exceeded the top end of our guidance, driven by healthy client demand and strong execution,” Jay Farner, CEO of Rocket Companies, said in a statement. decline from $19 billion in Q4 2022.

Real Estate Agent 389

Real Estate Agent Clients Mortgage Inventory 389

Housing Wire

APRIL 2, 2024

Because of the lack of inventory and multiple offers, the NAF Cash product will give an advantage for my clients over other butter that cannot make a cash offer,” said Steinway. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode. The lender originated $9.6

Loan Officers 375

Loan Officers Retail Finance Buyers 375

Housing Wire

APRIL 11, 2023

Nominations for HousingWire’s Marketing Leaders award are now open through Friday, April 21, 2023. Click here to nominate someone you know — a client, colleague, boss or friend — it can even be you! HousingWire: How have the current mortgage rate and inventory challenges impacted the direction of Corcoran’s marketing strategies?

Marketing 357

Marketing Agents Inventory Sellers 357

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low.

Inventory 393

Inventory Technology Design Tools 393

Housing Wire

APRIL 16, 2024

To get a better idea of the dynamics driving this data, RMD spoke with Jon McCue, RMI’s director of client relations, for additional perspective and a breakdown of why business moved this way. That’s because those were the two lowest case number assignment months in all of 2023, McCue said. The retail channel volume decrease of 15.7%

Retail 336

Retail Mortgage Business Loan Officers 336

Housing Wire

JANUARY 3, 2024

The survey, which was conducted between the end of November and the end of December 2023, garnered 136 respondents, with 28 from the Northeast, 26 from the Southeast, 33 from the Midwest, 33 from the Southwest and 16 from the Northwest. Realtors & NAR have always had the client’s best interest. Always will too,” one wrote.

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Agents Realtors Clients Real Estate Agent 366

Housing Wire

NOVEMBER 2, 2023

Amid the most challenging mortgage market in decades, Rocket Companies , the parent of Rocket Mortgage , remained profitable in the third quarter of 2023, showing higher margins in the direct-to-consumer and wholesale channels. billion in Q2 2023. 30, 2023, compared to $504 billion as of June 30, 2023. The company had 2.4

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Technology Tools Business Mortgage 414

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. In 2023, the Federal Housing Administration (FHA) and the U.S. Launched in September 2023, the company secured $1.25 However, we have found that assumption demand is growing significantly and volume was up by 50% in 2023.

Mortgage 418

Mortgage Buyers Agents Real Estate Agent 418

Housing Wire

FEBRUARY 22, 2024

months as of December 2023), and implementing measures to moderate home price appreciation, fostering increased affordability. VRM goes beyond expectations, delivering tailor-made solutions that not only elevate efficiencies but also significantly cut operating costs, all while expertly mitigating risks for our valued clients.

Business 369

Business Marketing Real Estate Legal 369

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Clark’s team of 73 loan originators who cover the East Coast funded $81 million in loans in January 2024, up 35% from January 2023.

Loan Officers 403

Loan Officers Mortgage Buyers Inventory 403

Housing Wire

APRIL 7, 2022

Several LOs told HousingWire that clients had locked loans in the 5% to 5.3% The central bank has signaled that it will raise interest rates another six times this year and several more in 2023 to control inflation, which reached the highest level in 40 years in February, at 7.9%. The problem, of course, is inventory.

Mortgage 383

Mortgage Supply Chain Inventory Investors 383

Housing Wire

JANUARY 9, 2024

This is an extension of the Fee Freedom initiative Rocket launched in January 2023, which provided credit reports for its broker partners at no cost. That price is higher than it was in 2023. As I am also aware of the credit report fees going up again – they started going up early January 2024. “If

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Loan Officers Real Estate Agent Tools Business 269

Housing Wire

JUNE 5, 2023

As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. billion in 2023 and expects a target production of $4 billion in 2024.

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Loan Officers Mortgage Lending Retail 379

Housing Wire

SEPTEMBER 22, 2022

LOs interviewed by HousingWire said that most of their past clients don’t have a reason to sell their houses and that prospective buyers are waiting on the sidelines unless life happens — job relocations, marriage, divorce, pregnancy and death. “The million, below the 2019 range of 1.52 million to 1.93

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

DECEMBER 1, 2023

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan.

Finance 415

Finance Buyers Mortgage Inventory 415

Housing Wire

APRIL 11, 2024

For all real estate professionals , from brokers managing their business, to team leaders managing their colleagues, to agents managing their clients, an unpredictable market is an opportunity to cement yourself as a pillar of reliance and predictability. I once had a client pay me one of my favorite compliments I have ever received.

Real Estate 315

Real Estate Real Estate Agent Clients Agents 315

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. in the fourth quarter of 2022.

Marketing 364

Marketing Inventory Loan Officers Buyers 364

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 Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. That comes with its own risks – in many cases, wildfires.

Insurance 362

Insurance Housing Market Marketing Supply Chain 362

Housing Wire

JANUARY 19, 2023

Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates.

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Mortgage Sellers Housing Market Buyers 404

Housing Wire

JULY 28, 2023

Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We billion and $138.5 million in net income.

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Insurance Investors Housing Market Development 312

Housing Wire

SEPTEMBER 22, 2022

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. months to exhaust the current inventory of existing homes at last month’s sales pace. Interest rates can move higher as the economy stays firm, Logan Mohtashami, Lead Analyst at HousingWire said.

Mortgage 414

Mortgage Loan Officers Buyers Inventory 414

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. Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023.

Business 421

Business Mortgage Loan Officers Inventory 421

Housing Wire

SEPTEMBER 12, 2023

After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said. “For my clients, if rates do get into the 5s, we’re going to jump in [to originate refis]. Meanwhile, economists at Fannie Mae expect rates to end 2023 at 6.7%

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Loan Officers Investors Mortgage Clients 395

DW Slater Company

DECEMBER 22, 2023

As we’re getting ready to say goodbye to 2023 and welcome 2024, we wanted to wish each of you a very Merry Christmas and a Happy New Year! 2023 recap: This year, we saw many changes in the real estate market. This did not however bring on a huge decline or glut of inventory. Denton County $455,000 | -0.9%

Construction 107

Construction Real Estate Inventory Clients 107

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions.

Real Estate 396

Real Estate Real Estate Agent Tools Agents 396

Housing Wire

APRIL 22, 2024

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. Many of us are in sellers’ markets with very low inventory. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes.

Real Estate 366

Real Estate Open Houses Brokerage Real Estate Agent 366