Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business. About 23.7%

Housing Market 385

Housing Market Mortgage Marketing Inventory 385

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. Congratulations to the 2023 HW Insiders! This year 75 honorees were honored as HW Insiders. This year 75 honorees were honored as HW Insiders.

Technology 426

Technology Development Real Estate Realty 426

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. from $490 billion in the second quarter. year over year as of the third quarter of last year.

Lending 434

Lending Inventory Mortgage Finance 434

Housing Wire

MARCH 28, 2024

the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. million in Q4 2023, down from a loss of $339.4 For all of 2023, the New York-based digital lender reported a GAAP net loss of $534.4

Loan Officers 385

Loan Officers Technology Investing Realtors 385

Housing Wire

FEBRUARY 2, 2024

In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. million net income in 2023, down from $475.5 billion in unpaid principal balance (UPB) in 2023, down 9% year over year. million in Q4 2023, compared to a pretax income of $101.2

Technology 355

Technology Legal Mortgage Contracts 355

Housing Wire

APRIL 23, 2024

The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. This impact is evident in the achievements of HousingWire’s 2023 Marketing Leaders honorees. brands, including brokerage, mortgage, title, insurance and technology.

Marketing 328

Marketing Project Management Advertising Real Estate 328

Housing Wire

MAY 11, 2024

Mortgage rates and the bond market have fallen a bit recently and the spreads between the 10-year yield and 30-year mortgage rate have improved over last year’s levels. In the past two years, demand has always picked up whenever mortgage rates have moved lower with some duration. That’s a 0.50% difference in rates.

Mortgage 411

Mortgage Inventory New Listings Housing Market 411

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgage 384

Mortgage New Listings Inventory Sellers 384

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

Mortgage 318

Mortgage Finance Business Development 318

Housing Wire

MARCH 13, 2024

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. Guild’s in-house retail reverse mortgage originations reached $49.8

Mortgage 351

Mortgage Lending Retail Investing 351

Housing Wire

JUNE 6, 2024

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. In 2023, Celink renewed subservicing deals with major reverse mortgage lenders including Finance of America and Mutual of Omaha Mortgage.

Mortgage 329

Mortgage Contracts Investors Investing 329

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1. Cincinnati and Miami.

Retail 438

Retail Sellers Buyers Market Value 438

Housing Wire

JUNE 13, 2024

The banking giant is fighting the plaintiffs’ motion to create a class of at least 119,100 people who allegedly faced discrimination when applying for a mortgage or home equity loan between 2018 and 2022. The systems merely indicate whether an applicant’s mortgage would be eligible for purchase by Fannie or Freddie.

Mortgage 315

Mortgage Tools Development Business 315

Housing Wire

JANUARY 13, 2023

As nominations continue to roll in for the 2023 TECH100 award — nominations close today! — Looking ahead in 2023, all signs are pointing to an industry that will focus on increasing efficiencies and, in turn, cutting costs. Both organizations were recognized as 2022 TECH100 winners for their innovation in mortgage solutions.

Tools 348

Tools Technology Development Real Estate 348

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

Brokerage 354

Brokerage Mortgage Development Insurance 354

Housing Wire

NOVEMBER 13, 2023

Big Four title firm Old Republic is selling its mortgage insurance business to Arch Capital Group Ltd., and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business. “We are pleased to announce this definitive exit from the mortgage insurance business. million in Q3 2022.

Insurance 392

Insurance Mortgage Business Development 392

Housing Wire

JANUARY 9, 2024

Is 2023 a year to forget? In the case of the mortgage industry, 2023 was not a pretty one. The rapid pace of change from the highs of 2021 to 2023 happened at breakneck speed, driven by one of the most aggressive monetary tightening cycles in history. That’s just what 2023 proved to be.

Real Estate 363

Real Estate Valuation Business Marketing 363

Housing Wire

FEBRUARY 7, 2023

Get ready for Housingwire Annual 2023. Join us on October 10-12, 2023 in Austin, Texas for the ‘All Things Housing’ event of the season. We are bringing that same energy and education to 2023. Attendees can reserve their room for HousingWire Annual at a special rate through September 11, 2023.

Real Estate 358

Real Estate Development Appraisal Mortgage 358

Housing Wire

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023. He will report to Sean Dugan, chief revenue officer at DMT.

Mortgage 384

Mortgage Technology Clients Development 384

Appraisal Buzz

APRIL 23, 2024

compared with March 2023, according to estimate from the U.S. Department of Housing and Urban Development. New home sales have generally been strong so far in 2024, despite higher mortgage rates and rising home prices. New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% about an 8.3-month

Mortgage 369

Mortgage Inventory Development Finance 369

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgage 422

Mortgage Finance Insurance Lending 422

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officers 395

Loan Officers Mortgage Retail Lending 395

Housing Wire

FEBRUARY 21, 2024

Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp.

Mortgage 375

Mortgage Loan Officers Clients Lending 375

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb.

Human Resources 396

Human Resources Mortgage Loan Officers Finance 396

Housing Wire

APRIL 24, 2023

But, how you structure those agreements and the partnership you develop can make a big impact on how that service thrives. As an industry leader, maintaining relationships with mortgage and title professionals could take your business to the next level, and mortgage professional David Lykken wants to help you achieve those goals.

Real Estate 308

Real Estate Brokerage Valuation Insurance 308

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75 Cincinnati-based First Financial Bank has agreed to direct $2.4

Investing 333

Investing Mortgage Lending Loan Officers 333

Housing Wire

MAY 4, 2023

The 2023 HousingWire Annual agenda is here. These leaders will join the ranks of former HW Annual speakers like Sandra Thompson, director of of the Federal Housing Finance Agency , Laura Escobar, president at Lennar Mortgage , and Rick Haase, president at United Real Estate.

Real Estate 296

Real Estate Development Design Mortgage 296

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. January marked a surge of people signing contracts to buy new homes.

Construction 427

Construction Contracts Buyers Development 427

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgage 350

Mortgage Tools Design Development 350

Housing Wire

JUNE 5, 2024

California -based mortgage lender loanDepot (LDI) has made two additions to its sales leadership team. Andrews comes to loanDepot with 25 years of mortgage industry experience, including a recent stint as national director of branch partnerships at Movement Mortgage. A native New Englander, Jeff fits the bill all around.

Loan Officers 320

Loan Officers Legal Development Mortgage 320

Housing Wire

JUNE 14, 2024

She will now oversee all aspects of the company’s enterprise development team, which is expanding as Incenter seeks to create new solutions and bolster competitive advantages for its clients. “I In December 2023, the company completed a rebranding effort that included a pair of leadership changes.

Property Taxes 331

Property Taxes Clients Development Insurance 331

Housing Wire

MAY 23, 2024

A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. This is according to a look at the reverse mortgage product category published by Newsweek.

Mortgage 308

Mortgage Law Insurance Tools 308

Housing Wire

NOVEMBER 1, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt, and agency mortgage-backed securities. The housing market is feeling the brunt of Fed’s tight monetary policies The 10-year Treasury yield and average 30-year mortgage rates have tracked each other since 1971.

Finance 371

Finance Mortgage Realtors Investors 371

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing. Congratulations to the 2023 Women of Influence winners.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. 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. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

Mortgage 380

Mortgage Retail Lending Sellers 380

Housing Wire

JANUARY 16, 2024

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.

Mortgage 383

Mortgage Development Government Tools 383

Housing Wire

JUNE 13, 2024

million settlement agreement between Rocket Mortgage and current and former employees who alleged in a class-action-seeking lawsuit that the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire. In January 2023, employees sued the top-three U.S. A judge in Arizona has approved a $3.5

Legal 257

Legal Development Mortgage 257