Housing Wire

FEBRUARY 15, 2024

We’ve done the hard work in 2023 to be leaner, to be more agile, to be able to rescale the business in a sustainable fashion.” Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022. After posting a $1.4 billion for full year 2023.

Business 419

Business Advertising Inventory Contracts 419

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. For lenders, the market offers the prospect of a new and growing line of business.

Business 450

Business Finance Buyers Lending 450

Housing Wire

FEBRUARY 2, 2024

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We This is the second title-affiliated business agreement eXp has announced in the past year.

Business 404

Business Realty Brokerage Real Estate 404

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I Wells Fargo’s correspondent lending business was already in a freefall.

Lending 522

Lending Business Finance Mortgage 522

Housing Wire

OCTOBER 16, 2023

The way I see it, there are two types of people in the mortgage space right now: those who are simply waiting around for rates to drop and those who are putting in the work to better their business. At UWM, we ensure our clients have a full suite of resources to help them grow their business in any market. They want the house.

Business 421

Business Real Estate Agent Marketing Clients 421

Housing Wire

NOVEMBER 3, 2023

When it comes to marketing your real estate business, video is king. Here are 13 video marketing best practices for your real estate business. Videos for your real estate business are no different. Engagement builds relationships and trust — exactly what you need to build your business.

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Real Estate Business Marketing Real Estate Agent 545

Housing Wire

JUNE 20, 2023

During this National Homeownership Month in particular, homeowners should be wary of a new business practice preying upon vulnerable homeowners — non-title recorded agreements for personal service ( NTRAPS ), long-term listing agreements that entrap consumers. Together, we can end this predatory business practice once and for all.

Business 384

Business Brokerage Contracts Real Estate 384

Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in.

Business 421

Business Loan Officers Mortgage Lending 421

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Mortgage lending work is only one type of business where appraisals are needed. Isn’t this just good business practice anyway? It just means we’re kind, and that can lead to more business and referrals. I do generate a little extra business from offering home measurement and floor plan services.

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

DECEMBER 15, 2023

2 position among business news podcasts in the United States. About HousingWire: HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes.

Business 430

Business Advertising Real Estate Law 430

Housing Wire

FEBRUARY 12, 2024

The start to 2024 When asked about how business has progressed in the early days of the year, Robinson said that the company is focused on looking ahead at potential interest rate relief and any changes in Federal Reserve policy that may come.

Business 410

Business Loan Officers Clients Mortgage 410

Housing Wire

MAY 25, 2023

has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. Texas-based Colonial Savings, F.A.

Business 384

Business Mortgage Loan Officers Inventory 384

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29

Lending 384

Lending Business Retail Client Relationships 384

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. It will also include the company’s local traditional consumer mortgage and construction-to-permanent businesses.

Business 421

Business Mortgage Lending Insurance 421

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

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Lending Business Government Design 384

Housing Wire

NOVEMBER 2, 2023

In addition, the Nationwide Multistate Licensing System (NMLS) shows that Jacksonville, Florida-based Smart Rate is no longer authorized to conduct business as of Oct. Strauss’s restriction to do business started Oct. 3, indicating a voluntary surrender.

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Business Loan Officers Law Mortgage 441

Inman

APRIL 10, 2024

Citing recent court victories, UWM says, "It is not uncommon nor illegal for a broker to send most or all of their business to a specific lender."

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Business Mortgage 180

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February.

Business 369

Business Insurance Finance Retail 369

Housing Wire

FEBRUARY 21, 2023

Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. FOA announced its intention to exit the forward mortgage originations business in late 2022 by winding down the operations of Finance of America Mortgage.

Business 370

Business Lending Finance Real Estate 370

Housing Wire

NOVEMBER 2, 2023

residential mortgage industry” for its mortgage business outperforming in Q3 even as the industry experienced a nearly 20% decline in origination volumes. We don’t have a business of selling leads to real estate brokers and the like. ICE attributed “an analog to digital conversion occurring in the U.S.

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Business Mortgage Technology Real Estate Agent 314

Housing Wire

SEPTEMBER 8, 2022

But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. How marketing automation saved Mike’s business. Thanks to this technology, most of his customers and business partners didn’t even know he was sick.

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Business Marketing Technology Tools 432

Housing Wire

JUNE 5, 2023

The lender is also consolidating its business line in response to another financial loss in the first quarter of 2023. Sidi joined loanDepot in March 2022 , when the lender created a new business division called mello to operate side-by-side with the company’s mortgage origination and servicing division.

Business 370

Business Human Resources Retail Tools 370

Housing Wire

JANUARY 31, 2022

The nonbank mortgage lender is expanding its consumer direct lending business while some competitors are laying off employees with the expectation that the channel cools down with higher mortgage rates. PennyMac is growing fast with its consumer direct lending business. California-based PennyMac Financial Services will invest $3.9

Business 369

Business Lending Loan Officers Mortgage 369

Housing Wire

MAY 30, 2023

Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. We are fully committed to our lending business, which supports independent mortgage originators,” UBS spokesperson Erica Chase told Bloomberg in an email.

Business 397

Business Mortgage Finance Design 397

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. “It’s very different today running a mortgage business inside the bank than it was 15 years ago, and I think appropriately so,” he said. How big do you want to be?

Business 410

Business Mortgage Lending Investors 410

Housing Wire

JUNE 20, 2023

In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson. Prior to joining Truist, Smith led the mortgage lending, insurance and title businesses affiliated with Keller Williams. Truist, a top U.S. according to the IMF data.

Business 370

Business Mortgage Retail Lending 370

Housing Wire

MAY 26, 2023

Whether you believe the worst market conditions are now behind us or that the coming months will remain turbulent, there’s no doubt that title related businesses will need a combination of thrift, ingenuity, innovation and persistence to be successful for the foreseeable future. Compliance isn’t a topic most owners approach with enthusiasm.

Business 369

Business Marketing Law Technology 369

Housing Wire

AUGUST 29, 2023

A group of banks in Kentucky is seeking to block the implementation and enforcement of the Consumer Financial Protection Bureau (CFPB)’s small business lending rule , the latest in a series of challenges brought by parties including legislators and industry groups. The rule, which was finalized in March, fulfills a mandate from Congress.

Lending 397

Lending Business 397

Housing Wire

APRIL 13, 2023

The bank, consisting of 25 branches in the Southeast and operations in the Midwest, serves mortgage, small business administration (SBA) and USDA customers. First Federal Bank, a community-based mutual institution headquartered in Lake City, Florida, has assets of more than $3.6 billion, according to its website.

Business 384

Business Mortgage Loan Officers Lending 384

Housing Wire

FEBRUARY 22, 2024

Growing and changing is vital to expand your services and business growth so that you can tailor services in REO. Demand for existing homes — including REO assets — outpaces the available supply.

Business 410

Business Marketing Real Estate Legal 410

Housing Wire

NOVEMBER 2, 2021

On Tuesday Zillow announced it will be shutting down its Offers business, which wasn’t too much of a shock considering how their stock had been performing for some time. The post How Zillow’s model crushed its iBuying business appeared first on HousingWire. Exclusive access to the HW+ Slack community and virtual events.

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Business Housing Market Marketing 508

Housing Wire

JUNE 15, 2022

That’s precisely when your mortgage broker business comes to the rescue. In this article, you will find tips on how to grow your business, as well as five big mistakes that you may be making in the process. Ways to Grow Your Mortgage Broker Business. How big can your mortgage broker business grow? Market Your Business.

Business 370

Business Mortgage Clients Marketing 370

Housing Wire

SEPTEMBER 21, 2022

The new mortgage warehouse business joins Fifth Third’s correspondent lending group, capital markets whole-loan trading desk and Treasury management solutions team in serving mortgage bankers across the country. “Our Our resources and focus on relationships position us to provide solutions to our clients’ most pressing business problems.”.

Lending 384

Lending Business Finance Clients 384

Housing Wire

JULY 15, 2022

The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. According to Scharf, the bank is reassessing what makes sense in mortgage lending – in the servicing business, the primary focus should be on serving its customer base.

Business 432

Business Mortgage Lending Retail 432

Inman

APRIL 1, 2024

Mike DelPrete lays out the case for a variety of financial metrics and argues that, at the end of the day, a business eventually needs to make money.

Business 183

Business 183

Housing Wire

APRIL 13, 2023

Be deliberate in assigning time to the things that are most important to you and recognize that we must work on our business and not just in our business. If we only schedule operations and execution, then the business is running us. This means apportioning time for analysis, strategy and evaluation.

Business 379

Business Technology Construction Finance 379

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. Referral business has been a hit-or-miss proposition for many professional loan originators in the past.

Business 415

Business Loan Officers Real Estate Agent Real Estate 415