Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

Mortgage 500

Mortgage Inventory Marketing Finance 500

Inman

FEBRUARY 10, 2023

In his latest interview with Bloomberg, former Goldman Sachs investor Don Mullen explains why iBuyers won't survive much longer, calling them the "forced sellers" of today's market.

Investors 113

Investors Sellers Marketing Technology 113

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot.

Loan Officers 398

Loan Officers Mortgage Buyers Inventory 398

Housing Wire

JANUARY 3, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. Pennymac ranked as the second-largest mortgage lender, trailing United Wholesale Mortgage (UWM), in the first nine months of 2023, according to data from Inside Mortgage Finance.

Loan Officers 375

Loan Officers Development Investors Finance 375

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 422

Mortgage Investors Tools Technology 422

Housing Wire

FEBRUARY 8, 2024

DocuSign began to cut operating costs for fiscal year 2025, including areas such as program spending, professional fees and noncritical open roles, according to a message that CEO Allan Thygesen shared with employees on Tuesday. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said.

Technology 402

Technology Investors Finance Business 402

Housing Wire

SEPTEMBER 11, 2023

historical data to support credit model updates in the first quarter of 2025. By the fourth quarter of 2025, the FHFA was to have incorporated credit score model updates into capital and pricing. Mortgage trade groups applauded the agency for the longer implementation timeline.

Finance 379

Finance Government Mortgage Investors 379

Housing Wire

AUGUST 8, 2023

The California-based mortgage lender had its second consecutive double-digit revenue gain amid increasing origination volumes and margins. Changes in leadership came with the decision to consolidate LDI Digital, including mellohome, into its existing production channels, under the direction of LDI Mortgage President Jeff Walsh.

Human Resources 326

Human Resources Lending Investors Mortgage 326

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 391

Mortgage Loan Officers Finance Investors 391

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. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

MARCH 8, 2023

As expected, California-based mortgage lender loanDepot reported another unprofitable period in the fourth quarter of 2022, its third consecutive quarterly loss. The red ink resulted from declining mortgage production and came despite the company’s decision to exit the wholesale channel , trim its workforce , and invest in new products.

Housing Market 370

Housing Market Investing Mortgage Real Estate 370

Housing Wire

FEBRUARY 22, 2024

On a call with investors and analysts, Stewart CEO Fred Eppinger noted that the company’s focus in 2023 was on creating a more resilient firm that would be able to succeed in all phases of the real estate market cycle. “As as reported,” Nolan told investors and analysts during the firm’s Q4 2023 earnings call. “As

Marketing 394

Marketing Investors Housing Market Investing 394

Housing Wire

FEBRUARY 13, 2024

It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. The firm attributed the growth of its mortgage revenue to a 105% annual increase in purchase loan origination volume at Zillow Home Loans to $487 million.

Agents 355

Agents Sellers Buyers Law 355

Housing Wire

NOVEMBER 1, 2023

Zillow’s financial results Despite a slower residential housing market environment caused by rising mortgage rates and low housing inventory, Zillow Group still managed to record an annual increase in revenue in the third quarter of 2023. It’s a year of execution as we prepare to scale in 2024 and 2025.

Real Estate 440

Real Estate Advertising Agents Realtors 440

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. ” Wells Fargo predicted mortgage rates of 7.2-6.7%

Mortgage 412

Mortgage Realtors Real Estate Marketing 412

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. “Wholesale is growing. in 2014. .

Retail 368

Retail Loan Officers Landlords Lending 368

Housing Wire

AUGUST 10, 2023

The class action was filed on behalf of investors who purchased loanDepot’s class A common stock in connection with the company’s initial public offering on February 16, 2021. It also includes investors who acquired company stock between March 16, 2021 and September 22, 2021. loanDepot stock was trading at $2.14

Investors 356

Investors Investing Marketing Legal 356

Housing Wire

AUGUST 2, 2023

As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. Zillow’s mortgage arm, Home Loans, on the other hand, recorded a 17% year-over-year decline in revenue to $24 million.

Agents 363

Agents Finance Sellers Housing Market 363

Housing Wire

JULY 24, 2023

The transaction is expected to be neutral to Rithm earnings in 2024 and accretive in 2025. We have long sought a partner with the stable capital structure, culture and vision to help unlock the potential for our platform to deliver more and greater value to our fund investors,” Levin said in a statement. Rithm is paying $11.15

Investing 215

Investing Real Estate Business Investors 215

Housing Wire

FEBRUARY 10, 2023

And investors can expect the company to keep growing its servicing business in the months to come. ” Jay Bray , chairman and CEO of Mr. Cooper, said that last October, as mortgage rates were trending higher, Mr. Cooper eliminated 1,000 positions, most of them in originations. trillion from 2023 to 2025. Mr. Cooper has $1.9

Business 302

Business Mortgage Lending Investors 302

Housing Wire

OCTOBER 14, 2020

San Francisco-based StreamLoan has forged a partnership with insurance giant Progressive enabling home buyers and homeowners who use StreamLoan’s digital mortgage platform to obtain quotes for homeowners’ insurance. Founded in 2015, StreamLoan licenses its software to mortgage lenders, fintech companies and mortgage brokers.

Insurance 351

Insurance Technology Lending Real Estate Agent 351

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. These differences can cause volatile MSR values.

Sellers 296

Sellers Investors Valuation Finance 296

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. If 4% – 4.5%

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. If 4% – 4.5%

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

JANUARY 18, 2024

Our recent acquisition of assets from Evolve mortgage, SigniaDocuments, include its SMART Doc engine and whole set of docs for mortgage, including HELOCs. We expect things to pick up this year, but certainly 2025 should be a great year so ’24 is that bridge year.

Technology 281

Technology Real Estate Architecture Investing 281

Housing Wire

MARCH 21, 2024

(FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. Julie May, vice president and general manager of B2B Scores at FICO, said that in the mortgage space, the company charges “$3.50 ” Representatives at the DOJ did not reply to requests for comment.

Mortgage 422

Mortgage Government Marketing Business 422

Housing Wire

DECEMBER 3, 2020

The more inventory available, the more they are able to compete with cash buyers and investors who snap up all the ‘good deals’ And allowing elderly, disabled, and those displaced by natural disasters to carry their tax basis with them across the state just makes sense.”. The state’s going to make a lot of money.”.

Property Taxes 328

Property Taxes Realtors Law Inventory 328

Housing Wire

JUNE 8, 2022

2013 : What they said: Because mortgage rates were rising and the Fed was tapering, housing would crash. The reality: The Silver Tsunami didn’t happen; this was supposed to be a decade-long process up to 2025, and still hasn’t happened. I do believe higher mortgage rates work, but it needs time to work itself in our housing market.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

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 spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 441

Mortgage Loan Officers Inventory Business 441

Lamacchia Realty

DECEMBER 26, 2023

The unique thing about this time is there is a major lack of sellers because no one wants to give up their low mortgage interest rate. The problem (or the good news) depending on how you look at it is over 89% of homes with outstanding mortgages have a rate below 6%. This means that we could see 7% mortgage rates again.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Housing Wire

DECEMBER 13, 2023

in 2025, indicating four more 25 bps cuts. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S. Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

FEBRUARY 21, 2024

“We took some time to listen to the industry about what they wanted in a mortgage servicing platform,” Perry Hilzendeger, executive vice president of servicing at Sagent, said in an interview. “Our mortgage servicing industry has a very fragmented process.” mortgage servicers.

Technology 351

Technology Modernization Clients Mortgage 351

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. In April, a typical 30-year, fixed-rate mortgage surpassed 7.0% This has left potential homebuyers with the difficult decision to delay a purchase or enter the market and consider refinancing their mortgage later.

Marketing 36

Marketing Inventory Buyers Sellers 36

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. It alleviated some pressure on mortgage rates, which declined over the past week. But uncertainties over the Federal Reserve ‘s (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% ”

Mortgage 387

Mortgage Investors Inventory Housing Market 387

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. We’re just trapped in this equilibrium of low inventory, house prices not coming down, high mortgage rates and current owners who have a strong incentive to just sort of stay where they are and wait this out.” There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

JUNE 1, 2023

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. debt limit until January 2025 and cap government spending. debt limit until January 2025 and cap government spending. trillion U.S. trillion U.S. The same rate averaged 5.09% a year ago at this time.

Mortgage 372

Mortgage Government Housing Market Marketing 372

Housing Wire

JANUARY 21, 2022

ESG securities such as bonds are backed by collateral, like mortgages, that can be defined as meeting environmentally sustainable, socially responsible, or good governance criteria. Digital mortgage platform MAXEX , backed by investment from financial-services giant JPMorgan , sees a bright future in the ESG market.

Marketing 385

Marketing Investors Development Mortgage 385