Housing Wire

FEBRUARY 12, 2024

Shannon Robinson has been serving as vice president for the reverse mortgage division at New American Funding (NAF) for just over a year, a time that was marked by a lot of challenges across the reverse mortgage. It was a challenge for so many in the reverse space, but also in the mortgage space, generally,” she said.

Business 410

Business Loan Officers Clients Mortgage 410

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

Mortgage 485

Mortgage New Listings Loan Officers Inventory 485

Housing Wire

JANUARY 2, 2024

In the mortgage industry, we saw a significant number of loan officers and real estate agents join the platform to share educational home-buying tips targeted toward a younger audience and first-time homebuyers. So now, the question we’re all asking: What can we expect for 2024?

Real Estate Agent 450

Real Estate Agent Loan Officers Advertising Mortgage 450

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , hopes to woo brokers with a slew of product enhancements and services. Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year. “The

Loan Officers 346

Loan Officers Real Estate Agent Tools Business 346

Housing Wire

MAY 8, 2024

mortgage lender Newrez , owned by asset manager Rithm Capital , is imposing a round of layoffs to its workforce following the acquisitions of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). The layoffs include mortgage professionals such as processors, underwriters and loan officers.

Loan Officers 420

Loan Officers Retail Legal Mortgage 420

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 450

Investors Real Estate Lending Loan Officers 450

Appraisal Buzz

MAY 3, 2024

Usherpa , which offers a customer relationship engagement platform (REP), is now a preferred partner with The Mortgage Collaborative (TMC), a mortgage cooperative. TMC’s growing network of mortgage lenders account for approximately 10% of the mortgage volume originated in the U.S. “We

Loan Officers 195

Loan Officers Mortgage Technology Business 195

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The final mortgage rate, however, will ultimately be different for every borrower’s situation.

Sellers 432

Sellers Real Estate Agent Loan Officers Mortgage 432

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. Of the total, 61% were conventional and 80% were purchase loans. billion in MSRs). billion in MSRs).

Mortgage 432

Mortgage Loan Officers Retail Finance 432

Housing Wire

APRIL 30, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Savvy marketing leaders like Coleen Bogle, CMO at New Jersey-based mortgage lender The Money Store have become critical to the industry. Click here to nominate someone.

Loan Officers 421

Loan Officers Technology Modernization Project Management 421

Housing Wire

MAY 14, 2024

the parent of digital lender Better , strongly improved its mortgage production and revenues in the first three months of 2024. Better also produced more loans via its direct-to-consumer channel (54% of the total) than through business-to-business (46%) in the quarter. Better Home & Finance Holding Co. ,

Loan Officers 421

Loan Officers Business Finance Mortgage 421

Housing Wire

MARCH 28, 2024

the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. Better Home & Finance Holding Co. ,

Loan Officers 431

Loan Officers Technology Investing Realtors 431

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. Financial details of the merger, which is expected to close in the first quarter of 2024, were not disclosed.

Mortgage 432

Mortgage Retail Loan Officers Finance 432

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) Zap Mortgage (no.294) The companies are U.S.-based,

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Inman

JANUARY 2, 2024

As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024.

Loan Officers 186

Loan Officers Mortgage Marketing 186

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers 397

Loan Officers Agents Retail Technology 397

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. In third-quarter 2023 , it posted mortgage volume of $731 million, down from $900 million in Q2 2023 and $1.1 billion in Q3 2022. “VA

Loan Officers 408

Loan Officers Finance Mortgage Lending 408

Housing Wire

FEBRUARY 12, 2024

Amanda Phillips, EVP of Compliance, ACES Quality Management In the current mortgage landscape, ensuring the highest standards of loan quality is paramount not only during the origination process but also over the life of the loan. AP: QC is crucial for lenders to ensure loan quality and mitigate risk.

Mortgage 410

Mortgage Technology Inventory Lending 410

Housing Wire

APRIL 30, 2024

After striking two M&A deals late last year, digital multichannel lender Lower plans to acquire at least one other business in 2024. Founded in Denver in 1981, Universal added 60 loan officers to Lower. That deal was followed by the acquisition of Texas-based Thrive Mortgage in December.

Retail 421

Retail Loan Officers Lending Mortgage 421

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The reverse mortgage industry, he added, is adding its own brand of perseverance to the table.

Retail 411

Retail Mortgage Business Loan Officers 411

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. The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products.

Loan Officers 420

Loan Officers Clients Mortgage Construction 420

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview.

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 410

Loan Officers Technology Lending Tools 410

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 397

Mortgage Retail Loan Officers Brokerage 397

Housing Wire

NOVEMBER 10, 2023

Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I I think we were up right around 15% increase in the number of initial mortgage applications.

Mortgage 432

Mortgage Inventory Marketing Retail 432

Housing Wire

OCTOBER 18, 2023

For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. Well, it’s certainly been a down market. I asked the good folks at mortgage data technology firm InGenius to run the numbers. How has the broker channel fared in the wake of the Fed rate hikes ? Take a look.

Retail 515

Retail Loan Officers Brokerage Mortgage 515

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 458

Finance Real Estate Agent Real Estate Insurance 458

Housing Wire

FEBRUARY 7, 2024

In the mortgage space, the parent of multichannel lender Newrez earned most of its profits from the servicing business. Lower interest rates, however, reduced the value of mortgage servicing rights (MSR) in the final three quarters of the year and affected the company’s overall performance during the period. Rithm had $1.9

Valuation 420

Valuation Business Mortgage Loan Officers 420

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%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. Kim: Spreads in the mortgage space are wide.

Housing Market 450

Housing Market Marketing Buyers Investors 450

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 421

Housing Market Marketing Contracts Finance 421

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

FEBRUARY 16, 2024

For most of its history, New American Funding (NAF) has focused on organic growth, but earlier this month, the company acquired Draper and Kramer Mortgage Corp. Sarah Wheeler: Market conditions have fueled a lot of M&A activity recently. SW: What differentiates New American Funding in this market?

Loan Officers 421

Loan Officers Retail Clients Real Estate Agent 421

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

Mortgage 450

Mortgage Loan Officers Inventory Business 450

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. We’re very excited to work with her.

Loan Officers 420

Loan Officers Business Mortgage Clients 420

Housing Wire

SEPTEMBER 7, 2023

At a time when affordability is constraining first-time buyers from entering the market and interest rates are still expected to climb, “it’s going to do nothing but hurt the potential buyer,” argued Michael Borodinsky, a vice president and branch manager at Caliber Home Loans. “You’ve

Buyers 397

Buyers Agents Loan Officers Real Estate 397