Housing Wire

MARCH 19, 2024

“One of those models could be that you, as lenders, license your loan officers as real estate agents and offer the buying agent service for less than a 3% fixed fee point. Others of you will say that is a great retention opportunity for my loan officers and the market will figure all this out,” Broeksmit added.

Loan Officers 484

Loan Officers Real Estate Agent Real Estate Agents 484

Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues. In 2024, rates are expected to drop to 4.6% in 2024 and 4.4% The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3%

Mortgage 339

Mortgage Loan Officers Inventory Buyers 339

Housing Wire

MAY 22, 2024

This has led to 2024 being an active year for H4P conversations, but members of the industry are split on whether or not it will serve as a major boon to reverse mortgage business in the months and years ahead. “I The inventory is so low, so people are wanting to figure out how they can move into a home.”

Mortgage 341

Mortgage Loan Officers Lending Business 341

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.” and the second quarter of 2024 at 5.6%. and 2024 at 6%. “I’m a relationship maker.

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. According to data from Ingenius , tens of thousands of loan officers exited the industry in 2023. An additional 21% closed 1.5

Business 408

Business Mortgage Loan Officers Inventory 408

Housing Wire

FEBRUARY 12, 2024

HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024? Mortgage applications hit their lowest level since 1996, and lenders were faced with the compounding challenges of dwindling origination volume, soaring home prices, rising interest rates and inadequate housing inventory.

Mortgage 356

Mortgage Technology Inventory Lending 356

Housing Wire

AUGUST 23, 2023

And after reaching the peak, they may come down slightly, still hovering around 7% at least in the first half of 2024. Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. And that’s expected to be sometime in mid-2024,” Boesel said. Inventory remains thin.

Mortgage 360

Mortgage Loan Officers Inventory Housing Market 360

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. How big is the company? How are you recruiting new LOs?

Mortgage 352

Mortgage Retail Loan Officers Brokerage 352

Housing Wire

SEPTEMBER 7, 2023

Sitzer/Burnett is scheduled to head to trial in mid-October and Moehrl is expected to head to court in the first half of 2024 with Nosalek most likely following shortly thereafter. One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 378

Buyers Agents Loan Officers Real Estate 378

Housing Wire

DECEMBER 11, 2023

For 2024, roughly 75% of origination volume is expected to come from purchase loans. in 2024, followed by 5.5% in 2024 before declining to 6.9% in 2024 before declining to 6.9% And for originations business to pick up, a stability of low rates as well as a supply in inventory would have to work in tandem. “I

Mortgage 450

Mortgage Buyers Inventory Technology 450

Housing Wire

APRIL 16, 2024

Earlier in the year, RMD spoke to reverse mortgage managers and loan officers across the country, who did in fact report a more steady stream of inbound inquiries and product interest. Industry perseverance But other data suggests that seniors may be more willing to move again.

Retail 314

Retail Mortgage Business Loan Officers 314

Housing Wire

NOVEMBER 10, 2023

Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. at the end of 2024 and drop to 5.5% Loan originators emphasized any decline in rates improves affordability while the lack of housing inventory and higher home prices will continue to be a challenge. in 2023 and move up to 6.9%

Mortgage 416

Mortgage Inventory Marketing Retail 416

Housing Wire

JUNE 2, 2023

The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? We’ll get a lot better in 2024.

Retail 352

Retail Inventory Mortgage Loan Officers 352

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 343

Lending Technology Business Construction 343

Housing Wire

AUGUST 16, 2023

That alone suggests better days ahead for IMBs, even if rates don’t fall into the 6s for a few more months, the secondary market remains a mess, and seasonality results in low volume in the first quarter of 2024. Goldman Sachs economists predict that the cut will come by the end of June 2024.

Retail 332

Retail Real Estate Agent Business Mortgage 332

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

SEPTEMBER 22, 2023

We expect production volumes to remain low through 2024 and start to pick up maybe toward the end of 2024. Kim: The silver lining in the current housing market is an uptick in new construction sales due to a lack of existing-home inventory. The employment data comes out on a lag basis for brokers and loan officers.

Housing Market 424

Housing Market Marketing Buyers Investors 424

Housing Wire

JUNE 1, 2023

Hunsaker said the interest rate that IMBs need to charge the borrowers “in order for them to securitize [loans through the agencies] and make a profit has to be pretty darn high, to the point where it’s going to drive down volume.” “So, because their cost structure has to shrink,” Hunsaker said. “So,

Real Estate 340

Real Estate Mortgage Marketing Inventory 340

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Housing Wire

OCTOBER 5, 2023

Through Aspire, Redwood plans to directly originate HEI [shared-equity contracts] by leveraging the company’s nationwide correspondent network of loan officers, and by establishing direct-to-consumer origination channels,” the company said in announcing the new platform.

Housing Market 382

Housing Market Marketing Contracts Finance 382

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Still, a revival in purchase originations is anticipated in 2024 as the market adjusts and more homes become available. For the remainder of the year, mortgage originations are expected to remain stagnant.

Appraisal 80

Appraisal Contracts Business Construction 80