Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We

Investors 438

Investors Marketing Inventory Real Estate 438

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. Their innovative solution supports our commitment to streamlining the lending process for our partners.”

Lending 339

Lending Mortgage Technology Construction 339

Housing Wire

APRIL 24, 2024

Congratulations to the 2024 Rising Stars! Rising Stars have impressive professional momentum, and are building reputations for driving growth and change while making those around them better. Take a look below to see this year’s list of honorees. Name Job Title Company Name A.T.

Real Estate 424

Real Estate Realty Realtors Project Management 424

Housing Wire

NOVEMBER 28, 2023

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The ceiling rate for these areas is $1,724,725 for a one-unit property in 2024.

Finance 469

Finance Construction Mortgage Government 469

Housing Wire

APRIL 24, 2024

Cooper Group unveiled strong financial results during the first quarter of 2024, buoyed in part by a strong servicing and subservicing business. in Q1 2024, up from 12.5% Servicing generated pretax operating income, excluding other mark-to-market, of $273 million in Q1 2024. in the fourth quarter of 2023.

Technology 303

Technology Lending Investing Contracts 303

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgage 382

Mortgage Retail Lending Sellers 382

Housing Wire

MARCH 20, 2024

A fresh set of quarterly economic projections from Fed officials showed that borrowing costs are expected to end the year at 4.6%, suggesting that the central bank still plans to make three cuts of 25 basis points (bps) each in 2024. It seems to me they didn’t want to make that same mistake today.” “I

Mortgage 406

Mortgage Government Lending Investors 406

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. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It I have a lot of connections in Ohio.

Mortgage 441

Mortgage Loan Officers Inventory Business 441

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 441

Mortgage Marketing Retail Lending 441

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Due to a tightened credit market and other factors, non-QM has been more in demand and the interest among lenders is growing.

Investors 392

Investors Real Estate Lending Loan Officers 392

Housing Wire

DECEMBER 1, 2023

Mortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations. In 2024, Fair Isaac Corp. With this in mind, Equifax is not increasing the costs related to the Equifax credit file component of the tri-merge credit report for 2024.”

Mortgage 449

Mortgage Retail Lending Clients 449

Housing Wire

NOVEMBER 14, 2023

Government sponsored-enterprises (GSEs) Fannie Mae and Freddie Mac will each have a $70 billion cap for multifamily loan purchases in 2024, the Federal Housing Finance Agency (FHFA) announced Tuesday. The combined $140 billion volume considers the given market condition. Over the last two years, the cap has been reduced.

Finance 312

Finance Government Lending Business 312

Housing Wire

MAY 29, 2024

As already evidenced by its ambitious new marketing campaign, “ Old Wives ,” the company is also aiming to streamline its existing presence in the reverse mortgage market. Chris Clow/RMD: We’re quickly approaching the halfway point of 2024. Clow: We spoke a bit about one of those new things (the marketing campaign) already.

Business 316

Business Loan Officers Mortgage Clients 316

Housing Wire

FEBRUARY 1, 2024

Congratulations to the 2024 Tech100 Mortgage winners. Take a look below to see the full list of this year’s honorees. optimalblue.com/ Loan Origination and Secondary Plano, TX OptiFunder optifunder.com/ Loan Origination and Secondary St.

Mortgage 437

Mortgage Valuation Insurance Appraisal 437

Housing Wire

FEBRUARY 12, 2024

But a new year brings new opportunities, and the NAF reverse mortgage division is bullish about its own prospects and the prospects of the industry as a whole in 2024. Beyond that, Robinson is engaged with the company’s financing and capital markets teams to determine the best courses of action in a challenging market.

Business 404

Business Loan Officers Clients Mortgage 404

Housing Wire

NOVEMBER 7, 2023

As we plan for a gradual cycle turn in 2024, a few hot topics feel especially hot right now. Please reach out with your intel so we can all sharpen up ahead of 2024. Here are the MBA’s 2024 rate predictions by quarter: 6.8% How should mortgage firms rethink tech strategy in 2024? for Q1, 6.6% for Q2, 6.3% for Q3 and 6.1%

Mortgage 361

Mortgage Loan Officers Valuation Tools 361

Housing Wire

DECEMBER 1, 2023

Now he is off the sideline because a 5% down payment is completely doable,” said Krichmar, a mortgage banker at Legend Lending Corporation. Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024.

Finance 400

Finance Buyers Mortgage Inventory 400

Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. The short (and long) answer is no, not a chance.

Lending 477

Lending Mortgage Business Inventory 477

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 350

Lending Retail Loan Officers Mortgage 350

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following.

Appraisal 370

Appraisal Marketing Sellers Valuation 370

Housing Wire

MARCH 3, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations. The market in which these folks purchased their first home was one of record house prices, ballooning down payments , rising rates and elevated debt-to-income ratios (DTIs).

Lending 495

Lending Mortgage Buyers Government 495

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85. They crested near 7.6%

Marketing 380

Marketing Mortgage Investors Sellers 380

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 338

Lending Finance Mortgage Investing 338

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. The Loan Atlas niche is served by its coaching faculty, consisting of 19 top mortgage originators and executives from various lending companies, according to Braheem.

Mortgage 379

Mortgage Marketing Loan Officers Training 379

Housing Wire

APRIL 12, 2024

In the first quarter of 2024, the big banks showed a challenging reality for originations. The banks’ Q1 2024 earnings, released on Friday, showed declining home loan volumes compared to the prior quarter — and executives believe that the macroeconomic landscape will remain tough in the months to come. billion in Q1 2024.

Mortgage 382

Mortgage Retail Lending Business 382

Housing Wire

SEPTEMBER 8, 2023

Freddie Mac on Friday announced that Michael DeVito will retire as CEO in the first quarter of 2024 after less than three years in the job. DeVito highlighted the mortgage market challenges in his comments on the enterprise’s performance in Q2 2023. A smooth transition is anticipated,” the company said in a news release.

Finance 309

Finance Mortgage Lending Business 309

Housing Wire

SEPTEMBER 19, 2023

In August, when interest rates topped 7% for the first time in 22 years, there was a rash of articles featuring leading industry economists predicting what interest rates would do for the rest of the year and into 2024. trillion in 2024 and a 20% increase in unit production year-over-year. The other would make 2024 a replay of 2023.

Marketing 329

Marketing Technology Lending Mortgage 329

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 345

Marketing Mortgage Sellers Buyers 345

Housing Wire

MAY 15, 2024

The sale is expected to close in the third quarter of 2024. market share, according to Inside Mortgage Finance (IMF) estimates. market share, the IMF data shows. However, it affected its capital and liquidity structures amid a challenging market condition. The bank was followed by Flagstar, with $11.8 billion; 5.7%).

Mortgage 376

Mortgage Lending Business Finance 376

Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. million until 2020-2024. Here is why. Become a member today.

Housing Market 545

Housing Market Marketing Inventory Construction 545

Housing Wire

OCTOBER 2, 2023

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. The use of funds is retiring about $1 billion of unsecured debt maturing between 2024 and 2025.

Mortgage 376

Mortgage Marketing Investors Investing 376

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. If home prices and lending costs moderate in 2024, significant demand could flow into the market.

Bracketing 436

Bracketing Mortgage Lending Inventory 436

Housing Wire

JANUARY 8, 2024

HousingWire: How do you view the lending landscape for 2024? Jon Irvine: We view 2024 very favorably based on several positive economic indicators we saw at the end of last year. The easiest way to build that awareness was to build a robust lending platform. How do you overcome that?

Lending 346

Lending Development Investors Finance 346

Housing Wire

FEBRUARY 29, 2024

The original implementation timeline was for first-quarter 2024, but it was delayed by concerns expressed by stakeholders and members of the U.S. historical data, from Q1 2025 to Q3 2024. The FHFA believes the new models will increase accuracy in credit scoring as they provide multiple views of credit risk for market participants.

Government 475

Government Lending Mortgage Finance 475

Housing Wire

FEBRUARY 21, 2024

Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts. He expects hiring to pick up again on the lending side in the third quarter of 2024.

Housing Market 325

Housing Market Mortgage Marketing Real Estate 325

Housing Wire

JANUARY 26, 2024

They will try to woo you with promises of free marketing materials, high commission splits, and fancy tech tools. Brokerage Commission Split* Best for Range: 50/50 to 90/10 Agents who appreciate free perks like marketing materials, office space, etc. But how do you really decide which is the best real estate company to work for?

Real Estate 392

Real Estate Brokerage Agents Real Estate Agent 392

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. It sets up a domino effect [for market activity].”

Housing Market 390

Housing Market Marketing Contracts Finance 390