Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. 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. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

Mortgage 411

Mortgage Retail Lending Sellers 411

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.

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Loan Officers Investors Mortgage Clients 393

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

JANUARY 17, 2023

The latest numbers have many in the industry starting the year on a hopeful note, with the possibility that we’ll see mortgage rates returning to the 5% range in 2023. The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A A 5% market will be good. Make a plan. “It

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Loan Officers Marketing Real Estate Agent Real Estate 396

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Housing Wire

NOVEMBER 22, 2022

Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. The shrinking mortgage market is the primary reason why. Mike Brennan, president of movement mortgage.

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion in sold loans through its direct-to-consumer channel and $9.6 Rocket generated $22.3

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Clients Business Inventory Mortgage 362

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. According to the Mortgage Bankers Association ’s yearly forecast, purchase mortgage originations are expected to grow by 9% to $1.73

Marketing 393

Marketing Real Estate Agent Loan Officers Advertising 393

Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. Mike is an experienced mortgage loan officer. Mike Jameson doesn’t think this, however. Not anymore.

Business 423

Business Marketing Technology Tools 423

Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market.

Marketing 367

Marketing Lending Loan Officers Training 367

Housing Wire

APRIL 5, 2021

And even with fast-rising home prices and an uptick in mortgage rates , 30% of those surveyed said they wouldn’t move to an area with natural disasters or rising sea levels even if home prices were affordable. “I had one client in St. ” Real estate agents and LOs: the great collaboration. .”

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Buyers Real Estate Agent Real Estate Brokerage 464

Housing Wire

FEBRUARY 9, 2021

Last June, Angel Oak Mortgage Solutions was bracing itself for an influx of non-QM borrowers after the pandemic. We have already prepared for that knowing mortgage originators will need solid non-QM loans to get deals closed. . HW: How does vertical integration benefit a loan officer? How has that been going?

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Lending Loan Officers Business Investors 396

Housing Wire

AUGUST 9, 2023

Over the last year, the nation’s largest banks, spooked by surging rates and increased regulatory risks, have shied away from the jumbo mortgage market. Nunes also sought input from industry experts, lenders and loan officers. By contrast, the overall mortgage market declined 61% year over year in Q1 2023.

Loan Officers 353

Loan Officers Mortgage Clients Retail 353

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements.

Training 380

Training Loan Officers Lending Mortgage 380

Housing Wire

AUGUST 9, 2023

This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. billion), U.S.

Marketing 364

Marketing Retail Mortgage Investors 364

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

OCTOBER 23, 2023

” Martell’s first big move as CEO was to announce the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. By the way, some of that is book [losses]. We don’t hold loans on our balance sheet.

Technology 414

Technology Loan Officers Retail Marketing 414

Housing Wire

MAY 16, 2022

As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights (MSRs), cut costs and diversified revenue stream to survive the mortgage storm. Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2 million clients in the servicing portfolio and generates $1.4

Mortgage 381

Mortgage Lending Business Finance 381

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? The property and/or borrower cannot get a conventional loan. September 13, 2023) — Mortgage applications decreased 0.8

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Appraisal Real Estate Agent Contracts Real Estate 83

Appraisal Today

MAY 12, 2023

NOTE: Please scroll down to read the other topics in this long blog post on humor, non-lender appraisals, mortgage forecast, staying positive when you’re slow, unusual homes, mortgage origination stats, etc. Mortgage lending is very, very cyclical. Mortgage applications increased 6.3 Those who adapt survive.

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Appraisal Architecture Business Contracts 52

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. However, the Freedom case represented a “wakeup call.”

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Real Estate Agent Loan Officers Real Estate Agents 440