Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? trillion in 2023 will look awfully rosy. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.”

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

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 418

Housing Market Marketing Contracts Finance 418

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 407

Business Loan Officers Clients Inventory 407

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. Check out Han’s excellent feature here.

Insurance 369

Insurance Housing Market Marketing Supply Chain 369

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. in 2023, peaking to 6.5%

Renovations 409

Renovations Realtors Construction Mortgage 409

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. But for loan professionals, relief doesn’t pay the bills. million to 1.93

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. 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. Mortgage rates have nearly doubled to around 6.5%

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

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. Meanwhile, the peak for 2023 so far is 472,680.

Mortgage 397

Mortgage Loan Officers New Listings Government 397

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. of loans in October, according to the MBA. For the week ending Feb.

Loan Officers 384

Loan Officers Inventory Real Estate Agent Buyers 384

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 369

Marketing Inventory Loan Officers Buyers 369

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 392

Mortgage Retail Loan Officers Brokerage 392

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes.

Lending 368

Lending Technology Business Construction 368

Housing Wire

JUNE 1, 2023

The private-label and agency mortgage-backed securities (MBS) markets , the primary sources of liquidity for many mortgage lenders, are taking a beating so far this year. That dour performance mirrors what’s happening in the primary mortgage market — where origination volume is down drastically year to date in 2023.

Real Estate 378

Real Estate Mortgage Marketing Inventory 378

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. 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.

Mortgage 450

Mortgage Loan Officers Inventory Business 450

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. Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. Here we are, heading into the fourth quarter of 2023 expecting more rate hikes, not any cuts,” Cohn said.

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. trillion as of Q3 2023, nearing its 2022 peak. “We’ve in 2024 before declining to 6.9%

Mortgage 458

Mortgage Buyers Inventory Technology 458

Housing Wire

MAY 24, 2022

We need a reset and one that will continue into 2023. The market has fixed it for us. For starters, there will be fewer of us — loan officers, banks, brokers. The hundreds of thousands of homes sold in 2022 and 2023 above 5% will want to save that $200, so the cash-out refinances and ARM loans all need to reset.

Mortgage 432

Mortgage Real Estate Agent Business Loan Officers 432

Housing Wire

SEPTEMBER 14, 2023

Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. 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.

Investors 375

Investors Investing Mortgage Real Estate 375

Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) Jumbos represented 22.7%

Insurance 362

Insurance Mortgage Clients Lending 362

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 83

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!

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Appraisal Contracts Real Estate Agent Mortgage 78