Housing Wire

FEBRUARY 6, 2024

In addition, the bank discouraged these customers from obtaining home loans, according to the complaint. Lending discrimination violates the law and harms communities and entire families for generations,” Attorney General Merrick Garland said in a statement. In 2023, the bank originated about $2.3

Advertising 398

Advertising Lending Loan Officers Law 398

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Kim: One of NAF’s priorities is on lending to the Hispanic community.

Retail 346

Retail Business Agents Loan Officers 346

Housing Wire

JANUARY 10, 2024

million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. Unfortunately, we do not see this change taking place within the base period or extended base period of the Community Economic Development Agreement (CEDA),” Allen noted.

Investing 343

Investing Development Tenants Loan Officers 343

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. More than 50 mortgage loan officers were let go.

Human Resources 430

Human Resources Mortgage Loan Officers Finance 430

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. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. Meanwhile, economists at Fannie Mae expect rates to end 2023 at 6.7%

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

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%

Mortgage 406

Mortgage Retail Lending Sellers 406

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. A total of 242 senior executives from 219 lending institutions completed the survey between Aug.

Technology 391

Technology Lending Valuation Mortgage 391

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

Loan Officers 369

Loan Officers Retail Real Estate Agent Real Estate 369

Housing Wire

JULY 12, 2023

Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. mortgage lender in the first quarter of 2023, per Inside Mortgage Finance (IMF) estimates. division, to Summit. The company originated $4.1 quarter over quarter.

Retail 370

Retail Development Finance Lending 370

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers.

Loan Officers 173

Loan Officers Construction Finance Development 173

Housing Wire

NOVEMBER 2, 2023

Mack Walker: The non-QM sector is similar to other sectors in the mortgage space that endured headwinds throughout 2023 relative to volume in past years. Our expectation is that volume will be around $30 billion when 2023 comes to a close. The key to success with non-QM is to choose a non-QM lending partner wisely.

Investors 424

Investors Real Estate Lending Loan Officers 424

Housing Wire

FEBRUARY 26, 2024

OneTrust Home Loans , a direct competitor of Newrez’s retail mortgage business, conspired with James Hecht, former Newrez executive vice president for national retail lending, to orchestrate the termination of several Newrez executives and have them join OneTrust, according to the suit filed Feb. 21 in the U.S.

Retail 410

Retail Legal Lending Business 410

Housing Wire

FEBRUARY 1, 2023

UWM – which took the origination crown from competitor Rocket Mortgage in the third quarter thanks to its aggressive pricing strategy – also took another big step recently to reduce prices in 2023. The lender is offering a maximum of 40 basis points per loan to its brokers, with a total access to 125 bps, to gain market share.

Construction 393

Construction Real Estate Agent Loan Officers Legal 393

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. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

Housing Market 409

Housing Market Marketing Contracts Finance 409

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Nothing in the mortgage industry is easy right now (…) With the broker model, you’ve got so many outlets to send these loans to that it’s really easy to find a home for most borrowers.

Mortgage 385

Mortgage Retail Loan Officers Brokerage 385

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. Instagram lends itself to posting both personal and business content. Balancing your content.

Loan Officers 334

Loan Officers Business Mortgage Clients 334

Housing Wire

JULY 27, 2022

These developments have essentially brought refinance originations to a screeching halt. Having spent about 10 years of my early career in manufacturing, I’ve found applying this perspective to mortgage lending helps me view creating a loan as manufacturing a product. Ravi Correa is Chief Financial Officer at Angel Oak Lending.

Mortgage 374

Mortgage Marketing Lending Business 374

Housing Wire

APRIL 12, 2024

Marketers like 2023 Marketing Leader and USA Mortgage’s Senior Vice President of Marketing, Chelsea Vonder Haar , who has been a driving force behind USA Mortgage’s marketing success. Vonder Haar spoke to HousingWire about the strategies that set her apart in the competitive residential lending market.

Loan Officers 306

Loan Officers Lending Real Estate Marketing 306

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It

Agents 449

Agents Sellers Buyers Finance 449

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

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. ” Just a little less vanilla. . ” Just a little less vanilla. ” Tapping that equity.

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. Mike is an experienced mortgage loan officer. In 2000, Mike’s company used a CRM capable of automating the marketing for its loan officers.

Business 422

Business Marketing Technology Tools 422

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan.

Lending 390

Lending Real Estate Agent Loan Officers Retail 390

Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! Congratulations to the 2023 Rising Stars! In its tenth year, this industry award is showcasing the up-and-coming leaders in housing who have had major accomplishments all before the age of 40.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

NOVEMBER 28, 2023

The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. billion in the third quarter of 2023. A top-20 U.S. Overall, the bank posted a net income of $7.8

Law 438

Law Mortgage Loan Officers Lending 438

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 355

Marketing Retail Mortgage Investors 355

Housing Wire

DECEMBER 21, 2023

Sarah Wheeler: You joined Guaranteed Rate in January of 2023. SW: As a product leader, how did you think about products coming into a year like 2023? KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. What drew you to that role?

Technology 373

Technology Investors Development Loan Officers 373

Housing Wire

SEPTEMBER 14, 2023

Through Aspire, Redwood plans to directly originate HEIs by leveraging the company’s nationwide correspondent network of loan officers and establishing direct-to-consumer origination channels, the company said. We saw banks getting out of risky credit mortgages like option ARMs and some subprime lending happening back then.

Investors 366

Investors Investing Mortgage Real Estate 366

Lamacchia Realty

MARCH 4, 2024

Unlike loan officers at the bank or credit unions who work for a single institution, mortgage brokers have access to a vast network of lenders, providing borrowers with a wider range of options. Additional Resources Mortgages November 14, 2023 Read More » What Is a Buydown?

Mortgage 69

Mortgage Legal Realty Buyers 69

Appraisal Today

MAY 12, 2023

Mortgage lending is very, very cyclical. To read more about this topic from the March 2023 newsletter, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. After the economy produced 800,000 jobs in the first two months of 2023, they shifted the forecast to a slight recession during the second half of the year.

Appraisal 52

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. over the course of 2024, declining from the 2023 average of 6.9%. baths, 7,455 sq.ft., Scroll down past the big yellow signup block.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68