Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

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 367

Housing Market Marketing Mortgage Buyers 367

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. It’s a bifurcated market in that sense. So it happens quietly.

Housing Market 419

Housing Market Marketing Buyers Investors 419

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 375

Housing Market Marketing Contracts Finance 375

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 367

Business Loan Officers Clients Inventory 367

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 In our weekly DataDigest newsletter, HW Media Managing Editor James Kleimann breaks down the biggest stories in housing through a data lens.

Insurance 345

Insurance Housing Market Marketing Supply Chain 345

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% a loan officer in Washington noted.

Mortgage 302

Mortgage Marketing Loan Officers Real Estate Agent 302

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. Based on 2023 numbers, that will give us 94% coverage of all purchase transactions that have happened in the country.

Loan Officers 344

Loan Officers Clients Mortgage Construction 344

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officers 335

Loan Officers Marketing Retail Renovations 335

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. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Renovations 377

Renovations Realtors Construction Mortgage 377

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 332

Real Estate Mortgage Marketing Inventory 332

Housing Wire

JUNE 27, 2023

According to HousingWire ‘s Q3 2023 LenderPulse survey, industry workers said they would cut down on marketing spend and tools, as well as reduce additional headcount, if they had to further contain costs. Roughly 44% are neutral about the economic climate in the third quarter of 2023 while about 43.4% are optimistic.

Mortgage 313

Mortgage Marketing Tools Open Houses 313

Housing Wire

DECEMBER 16, 2022

The housing market has been in a recession since mid-year 2022. Most industry experts predict mortgage rates will be back down around 5.25% in 2023 after peaking at 7.25% in 2022. Homebuyers are projected to start hopping off the fence as early as spring 2023. and the host of “The Loan Officer Podcast”

Mortgage 372

Mortgage Loan Officers Training Housing Market 372

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 375

Mortgage Loan Officers Inventory Retail 375

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 401

Mortgage Loan Officers Buyers Inventory 401

Housing Wire

NOVEMBER 17, 2022

Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. At Deephaven, we are continuously running webinars to bring new loan officers into the non-QM fold.

Lending 301

Lending Investors Real Estate Agent Loan Officers 301

Housing Wire

AUGUST 23, 2023

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. In August 2023, its latest forecast was for rates to end the year at 6.2%.

Mortgage 357

Mortgage Loan Officers Inventory Housing Market 357

Housing Wire

SEPTEMBER 5, 2023

“The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” billion in 2023, an increase from $2.1 First, Lind said, it is important to note that nearly 50% of non-QM production right now is investor loans. billion last year.

Marketing 321

Marketing Loan Officers Lending Brokerage 321

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. There were very low levels of mortgage applications in the weeks prior to the surprising uptick.

Mortgage 357

Mortgage Loan Officers Investors Government 357

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. With the mortgage market rapidly shrinking – some experts believe it might contract to just $1.3

Buyers 463

Buyers Marketing Sellers Loan Officers 463

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. Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.

Mortgage 439

Mortgage Loan Officers Inventory Business 439

Housing Wire

AUGUST 23, 2023

Loan officers were let go in August as well, according to former employees. billion in the first six months of 2023, according to data from Inside Mortgage Finance. market share, IMF data showed. million between April 2021 and July 2023, according to the U.S. Guaranteed Rate originated $10.6 Census Bureau.

Human Resources 282

Human Resources Loan Officers Project Management Training 282

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Modernizing origination to stay competitive in today’s housing market.

Loan Officers 389

Loan Officers Modernization Finance Housing Market 389

Housing Wire

DECEMBER 7, 2022

But even with the drop in rates to the mid-6s, the market is still nowhere near ‘normal,’ and consequently, industry experts predict a long, cold winter for loan officers. and interest rates at 4% by the end of 2023. “Growth in the job market and rental growth provide a floor to prices,” Juan said.

Mortgage 339

Mortgage Loan Officers Development Housing Market 339

Housing Wire

DECEMBER 1, 2022

Layoffs at the site in Pewaukee, Wisconsin are “expected to commence on November 29, 2022, and to proceed until completion of wind-down in early 2023,” Buege said. The letter showed that the first round of layoffs will start on December 2 and will impact marketing staff, loan processors, underwriters and a loan officer.

Mortgage 335

Mortgage Loan Officers Buyers Business 335

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 384

Mortgage Loan Officers New Listings Government 384

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. and helping the general consumer understand those positives,” she said.

Loan Officers 280

Loan Officers Business Mortgage Clients 280

Housing Wire

SEPTEMBER 7, 2023

The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. The broker channel made up for 16.8%

Retail 382

Retail Loan Officers Business Lending 382

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. Adjusted operating expenses posted $199 million in Q3 2023, up about 32.7% from Q3 2022’s $276 million.

Business 247

Business Mortgage Technology Real Estate Agent 247

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. Read on for more about Kechian’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees.

Marketing 350

Marketing Inventory Loan Officers Buyers 350

Housing Wire

JUNE 13, 2023

In addition, the borrower must close or have closed their purchase loan with Guild between October 17, 2022 and December 29, 2023 with a non-bond FHA, VA, USDA or conventional conforming or high balance loan in order to be eligible for the payment protection program. million net loss in Q1 2023. The lender originated $2.7

Buyers 379

Buyers Retail Mortgage Insurance 379

Housing Wire

OCTOBER 4, 2023

Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018. Nearly two-thirds of lenders (65%) in 2023 said that they are familiar with AI/ML technology, consistent with 2018 (63%). “As

Technology 345

Technology Lending Valuation Mortgage 345

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 345

Mortgage Retail Loan Officers Brokerage 345

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market. I cut [my team] down a lot.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

AUGUST 24, 2023

In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. The group upgraded its 2023 real GDP growth outlook to 1.9% Mortgage originations forecast little changed The forecast for purchase origination volume in 2023 is largely unchanged at $1.3 decline from 0.1%

Construction 263

Construction Retail Mortgage Contracts 263

Housing Wire

MARCH 13, 2023

The Justice Department is working to ensure an open and fair housing market by taking on appraisal bias, modern-day redlining, discriminatory loan pricing practices, and other forms of discrimination that may rear their ugly head at any stage of the home-buying process.”

Appraisal 338

Appraisal Valuation Law Loan Officers 338

Housing Wire

OCTOBER 6, 2023

billion in production volume in the first half of 2023, according to Inside Mortgage Finance (IMF). NAF was looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business.

Insurance 363

Insurance Brokerage Government Real Estate 363