Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. Responses were received from 66 domestic banks and 19 U.S.

Lending 370

Lending Mortgage Loan Officers Government 370

Housing Wire

MAY 2, 2024

one of the latest M&A transactions amid a challenging landscape for home loan originators. “We We did transfer our branches and loan officers to ML Mortgage. Department of Agriculture (USDA) loans, as well as down payment assistance programs. One idea would be a ”builder that wants to add a lending arm,” he added.

Retail 421

Retail Loan Officers Mortgage Lending 421

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.

Lending 408

Lending Technology Design Investors 408

Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. It’s a big improvement from the $1,972 loss per loan in Q1 2023. 5000 – 2023 Magazine ‘s 5,000 fastest-growing private companies in the U.S.

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Eyes on Housing

MAY 12, 2023

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 177

Lending Real Estate Loan Officers Construction 177

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. million in volume in 2023, data from Modex showed. In 2022, Abraham ranked as the No.

Loan Officers 420

Loan Officers Retail Lending Mortgage 420

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Starting March 1, 2023, servicers will be required to maintain data on borrowers’ age, race, ethnicity, gender and preferred language.

Lending 384

Lending Finance Loan Officers Legal 384

Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart.

Lending 396

Lending Retail Loan Officers Mortgage 396

Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

Business 421

Business Loan Officers Mortgage Lending 421

Housing Wire

NOVEMBER 10, 2023

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Home equity line of credit (HELOC) and home equity loan originations increased 50% in 2022 compared to two years earlier, according to the Mortgage Bankers Association ’s Home Equity Lending Study.

Lending 445

Lending Tools Inventory Renovations 445

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. HW: What is the outlook for non-QM in 2023? TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising.

Lending 427

Lending Investors Loan Officers Technology 427

Housing Wire

FEBRUARY 7, 2024

New York-based Rithm Capital posted a profit in 2023, a year marked by several acquisitions that turned the company into a leading global asset manager. million GAAP net income in 2023 — lower than the figure of $864.8 In 2023, Rithm acquired $1.4 million in 2023. billion in Q4 2023, lower than the $11.1

Valuation 417

Valuation Business Mortgage Loan Officers 417

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool.

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Real Estate 370

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. The new product is in the near-final stages of production and will be available in-market by the end of June 2023.

Lending 377

Lending Loan Officers Mortgage Investors 377

Eyes on Housing

FEBRUARY 12, 2024

According to the Federal Reserve Board’s January 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the fourth quarter of 2023.

Real Estate 103

Real Estate Lending Loan Officers Government 103

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent lending as well. 21, NMLS showed the lender had eight loan officers and 13 branches.

Loan Officers 418

Loan Officers Retail Lending Renovations 418

Housing Wire

SEPTEMBER 7, 2022

Setting your sights on the future is important for any business owner, agent or loan officer looking to find success in the ever-changing housing market. At HousingWire Annual , plenty of speakers and panels will be looking ahead to 2023 and discussing the trends and changes that all industry professionals should be anticipating. .

Loan Officers 410

Loan Officers Advertising Technology Realty 410

Eyes on Housing

AUGUST 3, 2023

According to the Federal Reserve Board’s July 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the second quarter of 2023—banks reported that lending standards tightened for all residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 147

Lending Loan Officers Real Estate Construction 147

Housing Wire

DECEMBER 12, 2023

“We would prefer to be picking up the loan officers without the branches, without physical locations because we’re trying to backfill into where we have existing retail opportunities and we have space.” PrimeLending has been on a hiring spree to bring on high-performing LOs in 2023 to its existing branches.

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

Housing Wire

FEBRUARY 21, 2024

Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023. He also previously served as a reverse mortgage consultant for Security One Lending in the early 2010s. “I

Mortgage 410

Mortgage Loan Officers Clients Lending 410

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. ” In July 2023 , the bank said that to enhance efficiency and streamline operations, it reduced its presence in New York and exited the mortgage banking business. Republic Bank is adding $5.3

Loan Officers 406

Loan Officers Insurance Mortgage Lending 406

Housing Wire

JANUARY 25, 2024

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president. He left Rocket in the beginning of 2019.

Retail 421

Retail Lending Loan Officers Brokerage 421

Housing Wire

APRIL 30, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division. Founded in Denver in 1981, Universal added 60 loan officers to Lower. Universal president and industry veteran TJ Kennedy leads its retail and wholesale channels.

Retail 419

Retail Loan Officers Lending Mortgage 419

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. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 404

Investing Mortgage Lending Loan Officers 404

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Other cases Another lawsuit recently filed by UWM was against Madison Atrina LLC , doing business as District Lending.

Contracts 441

Contracts Loan Officers Lending Retail 441

Housing Wire

MARCH 28, 2024

billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. Kortas told HousingWire that he owns 50.5% of the company and there were no outside investors. NEXA did $6.29

Mortgage 441

Mortgage Brokerage Loan Officers Business 441

Housing Wire

FEBRUARY 12, 2024

Most of last year’s top-producing loan officers at DKMC are not transitioning to NAF, HousingWire reported. “I look forward to leveraging their nimble lending model, stellar reputation and supportive culture to further elevate the brand and provide unparalleled marketing support to their mortgage originators.”

Marketing 409

Marketing Loan Officers Advertising Retail 409

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. billion in mortgages in 2023. The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. Loan officers earn their income when they fund loans.

Loan Officers 410

Loan Officers Human Resources Law Mortgage 410

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 428

Loan Officers Tools Business Clients 428

Housing Wire

MARCH 6, 2024

Newrez has had some notable departures lately, including top loan officer John Abraham , who joined The Money Store this month. It prides itself on being a fintech company that does retail lending. In 2023, the Chicago-based lender launched its Rate App that focuses on financial education and overall wellness.

Marketing 420

Marketing Loan Officers Retail Lending 420

Housing Wire

FEBRUARY 15, 2024

“We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. Conventional loans account for 95% of Better’s portfolio, with the remaining 5% tied to other products such as jumbo loans.

Loan Officers 407

Loan Officers Finance Mortgage Lending 407

Housing Wire

JANUARY 18, 2023

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

APRIL 18, 2024

expanding its mortgage retail lending footprint in the communities in which it operates. N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS).

Mortgage 421

Mortgage Realty Loan Officers Retail 421

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. a loan officer in Washington noted. Borrowers opt for ARMs more often than a fixed rate for a more competitive rate.

Mortgage 390

Mortgage Marketing Loan Officers Real Estate Agent 390

Housing Wire

OCTOBER 18, 2023

“From the first six months of 2022 to first six months of 2023, brokers have increased their percentage from 23% to 28% while retail has decreased by that same percentage,” Jeff Walton, CEO and co-founder of InGenius, told me. In Q2 2023, the number of valid LOs fell to 89,094. Take a look. million in origination volume.

Retail 515

Retail Loan Officers Brokerage Mortgage 515

Eyes on Housing

NOVEMBER 10, 2023

According to the Federal Reserve Board’s November 2023 Senior Loan Officer Opinion Survey (SLOOS), lending standards tightened for all commercial real estate (CRE) loan categories and most residential real estate (RRE) categories in the third quarter of 2023.

Real Estate 109

Real Estate Loan Officers Lending Finance 109

Housing Wire

APRIL 11, 2024

which had 142 sponsored loan officers and 41 active branches as of April 11. CMG was the 16th-largest mortgage lender in the country in 2023, with volume of $20.16 In March 2023, the company struck a deal to acquire Homebridge Financial Services ‘ retail division and grow its footprint in the channel.

Retail 420

Retail Loan Officers Realtors Mortgage 420