Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. The retail channel’s market share slipped to 54.9%

Lending 370

Lending Realtors Retail Mortgage 370

Housing Wire

JANUARY 12, 2024

As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). Wells Fargo, for example, shrunk its mortgage business dramatically in 2023, per filings with the Securities and Exchange Commission (SEC). Home lending revenues declined to $3.3

Mortgage 445

Mortgage Lending Retail Business 445

Housing Wire

FEBRUARY 22, 2024

Rocket Companies , the parent of Rocket Mortgage , was in the red again in 2023 as it reported a GAAP net loss of $390 million. The Detroit-headquartered lender reported a GAAP net loss of $233 million in Q4 2023, following a GAAP net gain of $115 million in Q3. Rocket originated $17 billion in mortgages in Q4 2023, down from $22.2

Mortgage 427

Mortgage Clients Lending Business 427

Housing Wire

NOVEMBER 16, 2023

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners. We actually do well in any kind of market,” Gagliano said in an interview in September. So it’s really the same story, just different markets,” Gagliano said.

Technology 407

Technology Lending Development Mortgage 407

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Last year, Homepoint shut down operations, while Wells Fargo closed its correspondent lending business.

Mortgage 462

Mortgage Marketing Retail Lending 462

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. The primary challenge for non-QM has been the extreme volatility in the secondary markets. HW: What is the outlook for non-QM in 2023?

Lending 427

Lending Investors Loan Officers Technology 427

Housing Wire

MARCH 12, 2024

in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. In total, more than 9.5 of overall U.S.

Real Estate Agent 454

Real Estate Agent Real Estate Buyers Realty 454

Housing Wire

OCTOBER 12, 2022

23, 2023 for Credit Suisse and March 3, 2023 for Morgan Stanley. Homepoint declined to comment on the credit line terminations, but has been open about shrinking its footprint as the mortgage market contracts from about $4 trillion to roughly $1.6 trillion in 2023. trillion this year and $1.3

Lending 395

Lending Contracts Finance Mortgage 395

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 445

Lending Tools Inventory Renovations 445

Appraisal Buzz

JUNE 6, 2024

In addition, this number left total residential lending activity down 4.8% According to ATTOM, ongoing decreases in lending activity during the first quarter resulted from losses in all major categories of residential lending. from the fourth quarter of 2023 and 4.5% decline from the previous quarter.

Mortgage 195

Mortgage Marketing Lending Appraisal 195

Housing Wire

DECEMBER 7, 2023

Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic. To watch the on-demand sessions, click on the buttons below. The full session videos are only available to HousingWire Subscribers. Not subscribed yet?

Modernization 407

Modernization Retail Valuation Insurance 407

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

Housing Market 446

Housing Market Marketing Insurance Mortgage 446

Housing Wire

JULY 5, 2023

From listening to executives at the biggest companies in real estate and mortgage to dedicated panels on growing women in leadership and how to build competitive marketing strategies , you can find inspiration on stage in Austin, Texas. Catch inspirational leaders on stage, discussing the business tactics you need to win the current market.

Development 370

Development Housing Market Marketing Mortgage 370

Housing Wire

SEPTEMBER 26, 2023

home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said. Our 10- and 20-City Composites each also rose in July 2023, and likewise stand slightly above their July 2022 levels.” National Index posted an increase of 0.6%, while the 10-City posted a 0.8% increase and 20-City Composite a 0.9%

Inventory 454

Inventory Housing Market Lending Buyers 454

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. million in loan volume last year. “We

Lending 395

Lending Retail Loan Officers Mortgage 395

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

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. Second, nearly 20,000 loan officers moved into the wholesale channel in 2023. The big question is, what caused this increase?

Retail 446

Retail Marketing Loan Officers Government 446

Housing Wire

JUNE 13, 2023

The bank expects to improve its loan-to-deposit ratio by 150 basis points by the end of 2023. Warehouse lending, one of the sources of liquidity to independent mortgage bankers (IMBs), usually has good yields and short term, according to industry experts. .” The bank had $1.7 billion in commitments, 35% down year over year.

Lending 370

Lending Finance Insurance Investors 370

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. trillion as of the fourth quarter of 2023 from an expected $19.4 Tappable home equity is expected to decrease to a forecasted $18.1

Lending 383

Lending Valuation Mortgage Government 383

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 382

Lending Loan Officers Mortgage Investors 382

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). million mortgages originated in 2023. million to 3.8

Housing Market 454

Housing Market Marketing Mortgage Lending 454

Housing Wire

FEBRUARY 28, 2024

United Wholesale Mortgage (UWM) ended 2023 as the top U.S. million in 2023, compared to a profit of $719.4 The GAAP net loss in 2023 was $69.7 billion in mortgages in 2023, lower than the $127.3 billion in Q3 2023 and $25.1 billion in Q3 2023 and $25.1 billion in 2023, including $20.6

Mortgage 417

Mortgage Inventory Marketing Lending 417

Housing Wire

JANUARY 2, 2024

2023 is in the rearview mirror — a year of tumult, reduced volume and a wave of industry exits and consolidations. However, the business continued to feel the ongoing impact of RMF’s collapse throughout 2023, and it will likely persist well into the new year.

Mortgage 417

Mortgage Government Business Lending 417

Housing Wire

MARCH 6, 2024

Guaranteed Rate hired Bijoy John, former head of marketing at Newrez , as its vice president of marketing. John’s new tasks will include consumer direct marketing and the crafting of strategies for new products. What led me to Guaranteed Rate’s marketing team was Victor Ciardelli’s vision for the company.

Marketing 417

Marketing Loan Officers Retail Lending 417

Housing Wire

JANUARY 10, 2023

Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months. The agency expects the average 30-year fixed rate mortgage rate in 2023 to rise to 6.3% in the same period.

Buyers 481

Buyers Lending Mortgage Government 481

Housing Wire

SEPTEMBER 1, 2023

Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward. Congratulations to the 2023 HW Insiders! This year 75 honorees were honored as HW Insiders.

Technology 446

Technology Development Real Estate Realty 446

Housing Wire

FEBRUARY 12, 2024

New Jersey-based mortgage lender The Money Store named industry veteran Coleen Bogle as chief marketing officer, the company announced on Monday. The hiring follows changes in marketing leadership at other mortgage companies, including Guild Mortgage and Rocket Companies.

Marketing 407

Marketing Loan Officers Advertising Retail 407

Housing Wire

AUGUST 2, 2023

Its aggressive inflation-crushing policy extinguished the greatest refi market in history – these days, nearly 90% of residential mortgage originations are purchase loans. For this exercise, I’ll be relying on Inside Mortgage Finance data and looking at origination volume, purchase market share percentage and the lender’s overall mix.

Marketing 370

Marketing Business Retail Lending 370

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. Congratulations to the 2023 Women of Influence winners.

Real Estate 370

Real Estate Realty Lending Mortgage 370

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. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges.

Mortgage 394

Mortgage Marketing Loan Officers Real Estate Agent 394

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. 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 billion last year.

Marketing 395

Marketing Loan Officers Lending Brokerage 395

Housing Wire

OCTOBER 11, 2023

This year, 100 honorees were selected for their outstanding leadership in the midst of market volatility. The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change. Take a look at the full list below.

Realty 462

Realty Real Estate Technology Lending 462

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 407

Loan Officers Advertising Technology Realty 407

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

Brokerage 395

Brokerage Real Estate Lending Mortgage 395

Housing Wire

APRIL 23, 2024

Cooper Group named former Wells Fargo Home Lending executive Ranjit Bhattacharjee and former Piper Sandler analyst Kevin Barker to its leadership team on Tuesday. He will be responsible for oversight of capital markets and correspondent lending , reporting directly to chairman and CEO Jay Bray.

Lending 416

Lending Finance Mortgage Investing 416

Housing Wire

SEPTEMBER 7, 2022

The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023. 6, the lender said Tuesday. They’ll require a full appraisal.

Home Value 462

Home Value Mortgage Government Lending 462

Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), Non-qualified mortgage ( non-QM ) wholesale lender AD Mortgage scooped up origination volume largely due to the improvement in tech that ultimately helped it gain market share from competitors, Max Slyusarchuk, CEO of A&D Mortgage, previously said in an interview with HousingWire. Zap Mortgage (no.294)

Loan Officers 370

Loan Officers Mortgage Development Lending 370