Housing Wire
MARCH 5, 2024
Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.
Housing Wire
APRIL 20, 2023
Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S
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Housing Wire
JUNE 13, 2023
This has resulted in the company closing branches and laying off loan officers on the retail side. EPM filed a counterclaim against JIM for breaching the sponsorship contract by changing the car’s driver starting May 2022. “Wholesale is growing. It’s a shift that is happening in the market.
Housing Wire
NOVEMBER 1, 2023
Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” We could be down to 60,000 to 70,000 originators by 2025.”
Housing Wire
JUNE 2, 2023
Meanwhile, 2025 and 2026 will be off the charts. And 2024, 2025 and 2026, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% And 2025 and 2026 will be off the charts. Nunes: I spoke to a loan officer who is sending almost all of his loans, 98% to be exact, to UWM.
Housing Wire
AUGUST 16, 2023
The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change.
Housing Wire
JULY 19, 2023
It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” So, what people are now talking about is mid-2024 or maybe 2025 will be a killer [renewed boom].”
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