Housing Wire

DECEMBER 27, 2023

United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. By the same measure, Guild had just 1.1% exits and 3.2%

Mortgage 398

Mortgage Retail Lending Sellers 398

Housing Wire

NOVEMBER 7, 2023

These clients are typically low on funds, which is why they need this type of financing. Of the $400 billion mortgage origination volume in the second quarter of 2023, FHA and VA share of loan volume consisted of 22.9%, up from 18% in Q2 2022, data from Inside Mortgage Finance (IMF) and the Urban Institute showed.

Agents 452

Agents Sellers Buyers Finance 452

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

Mortgage 445

Mortgage Buyers Loan Officers Sellers 445

Housing Wire

DECEMBER 27, 2022

And, the market looks likely to remain frozen well into 2023, experts told HousingWire. Thanks to the Federal Reserve’s benchmark rate being near zero for two full years and generating record-low mortgage rates, a tiny minority of homeowners now have an incentive to refinance at all in 2023. Or will soon.

Housing Market 515

Housing Market Marketing Real Estate Agent Real Estate 515

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. Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment.

Mortgage 415

Mortgage Loan Officers Buyers Inventory 415

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. Wax said about 50 to 60% of his clients are first-time homebuyers.

Loan Officers 380

Loan Officers Inventory Real Estate Agent Buyers 380

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. Literally, we’re right back to being a seller’s market again.” We’ve been advising them how to use it with the sellers.

Marketing 366

Marketing Inventory Loan Officers Buyers 366

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 423

Business Mortgage Loan Officers Inventory 423

Housing Wire

SEPTEMBER 30, 2022

An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages. Lenders will close and some others will need to merge because of the new liquidity regulations that are coming in 2023.”.

Buyers 454

Buyers Mortgage Loan Officers Retail 454

Housing Wire

JANUARY 31, 2023

His goal is to bring his sales numbers up to $450 to $500 million, with origination coming from different states, and potentially capitalizing on a little refinance boom in the latter part of 2023. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. Marquis: I would say half and half.

Inventory 354

Inventory Marketing Business Buyers 354

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. billion of unutilized loan funding capacity as of Dec. The closer, the better. in consumer direct and 2.3%

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

NOVEMBER 16, 2022

Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. In addition, Hale said he is currently working with three clients who are looking to buy IMBs — two of which are homebuilders and one he described as a “proptech/fintech” company. Who wants to be in the mortgage business?

Buyers 406

Buyers Mortgage Sellers Investing 406

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 394

Mortgage Loan Officers Finance Investors 394

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.

Mortgage 446

Mortgage Loan Officers Inventory Business 446

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 438

Real Estate Agent Loan Officers Real Estate Agents 438

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 385

Mortgage Loan Officers Retail Finance 385

Housing Wire

JANUARY 4, 2023

With a focus on purchase mortgages through referral sources, Reich aims to close $1 billion in loan origination volume in 2023 through his division alone. In addition to offering borrowers FHA loans, conventional purchase mortgages and refis, the lender specializes in retail channel construction loans, according to the firm.

Retail 482

Retail Mortgage Construction Loan Officers 482

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. Again, Fannie Mae followed suit, launching Value Acceptance + Property Data in April 2023. How do the solutions work? Why do we need them?

Modernization 363

Modernization Appraisal Inspection Valuation 363

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. As the heat rises, so too does the number of lenders seeking to exit the market.

Mortgage 370

Mortgage Marketing Buyers Lending 370

Appraisal Today

AUGUST 13, 2023

I have written about it before in these email newsletters. == New in the August 2023 issue of Appraisal Today Annual E&O/Liability Issue E&O Insurance Update 2023 – Claims, Disclaimers, Discrimination, etc 2023 E&O Insurance – Where to get, what to look for in a policy, etc. Click here for more info!

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. Bright MLS – 6.1

Appraisal 68

Appraisal Contracts Mortgage Marketing 68