Housing Wire

OCTOBER 30, 2020

Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development. In his new role, Myers will oversee new client acquisition, emerging market expansion, new product growth with existing clients and sales strategy.

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Lending Clients Real Estate Development 335

Housing Wire

MARCH 11, 2022

Unfortunately for lenders, these are never anything more than predictions as only time will tell how the markets will play out. With the increasing regulatory focus on expanding affordable lending programs, mortgage lenders need to have a plan to serve the underserved. Finding the ‘why’. Where the rubber meets the roadblock.

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Lending Mortgage Contracts Finance 325

Housing Wire

FEBRUARY 9, 2024

Okavage refused to sign an addendum, which states that brokers cannot engage in business with Fairway or Rocket. UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 395

Contracts Retail Mortgage Lending 395

Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

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Lending Contracts Investors Technology 399

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows. “The billion in 2021 to $9.6

Housing Market 359

Housing Market Marketing Contracts Lending 359

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 351

Mortgage Marketing Retail Construction 351

Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. As a result, brokers will be forced to look to the purchase market to fill their volume needs. Overall, it is stressful and hard on business.

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Marketing Lending Inventory Mortgage 396

Housing Wire

JUNE 11, 2024

Seattle -based proptech company Flyhomes announced Tuesday that it has acquired the assets of startup ZeroDown and is launching an artificial intelligence (AI)-powered home search portal to bring “conversational real estate search and research to the market.“ How does the job market here compare to other cities?”

Real Estate 361

Real Estate Real Estate Agent Design Technology 361

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

Marketing 374

Marketing Mortgage Investors Sellers 374

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. Wells Fargo, for example, shrunk its mortgage business dramatically in 2023, per filings with the Securities and Exchange Commission (SEC). Home lending revenues declined to $3.3 The business grew to $9.8

Mortgage 376

Mortgage Lending Retail Business 376

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. Its foray into iBuying has hurt its bottom line, and its business model is vulnerable to sudden shifts in the market.

Marketing 369

Marketing Real Estate Real Estate Agent Brokerage 369

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

SEPTEMBER 20, 2022

It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger. ” According to Tullos, the company made an arrangement to work on a contract basis with some of the employees that were laid off. . To grow in the coming years, it seeks to raise capital.

Marketing 343

Marketing Investors Retail Mortgage 343

Housing Wire

JUNE 9, 2022

That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market. So, when rates are rising, and the market is compressing, non-QM becomes a more vogue product,” Yoon added. Non-QM is a counter cyclical product.

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Marketing Contracts Technology Mortgage 363

Housing Wire

AUGUST 31, 2020

And hiring in a wave of high volumes can mean layoffs when the market is less robust. Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. To learn more about the automation continuum and Indecomm’s solutions, visit [link].

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Lending Technology Tools Training 404

Housing Wire

FEBRUARY 2, 2023

The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio amid a shrinking market in 2022. Looking ahead, Pennymac’s executives expect the market to decline even further this year as overcapacity remains. Despite their efforts, profits still dropped to $475.5

Marketing 296

Marketing Business Contracts Mortgage 296

Appraisal Buzz

JUNE 7, 2024

During his tenure at the FTC, he successfully worked to strengthen sanctions against repeat offenders, to reverse the agency’s reliance on no-money, no-fault settlements in fraud cases, and to halt abuses of small businesses. Chopra previously served at the CFPB from 2010-2015.

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Contracts Insurance Legal Business 195

Housing Wire

APRIL 24, 2024

“PennyMac Financial reported strong operating earnings in the first quarter, with an annualized operating return on equity of 15 percent in what is expected to be the one of the smallest quarterly origination markets of this cycle,” chairman and CEO David Spector said in a news release.

Lending 381

Lending Legal Contracts Mortgage 381

Housing Wire

FEBRUARY 5, 2024

The deal gave Guild a substantial foothold in the Northeast and a bevy of purchase businesses. However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. In 2020, it originated $8.5 billion in mortgage loans. 2 in a U.S.

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Retail Contracts Loan Officers Mortgage 373

Housing Wire

MARCH 31, 2021

“The housing market is in desperate need of more inventory to cool price growth and preserve affordability. HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production, who shared how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown.

Mortgage 423

Mortgage Contracts Inventory Lending 423

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

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Loan Officers Retail Lending Contracts 382

Appraisal Buzz

JANUARY 11, 2022

Aspire Home Loans LLC, an independent mortgage banker, has signed a contract to implement Black Knight Inc. ’s s Black Knight Empower LOS and integrated origination performance solutions, including the Surefire customer relationship management (CRM) and marketing automation systems.

Retail 195

Retail Contracts Lending Business 195

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. Rapidly expanding Revolution In a rising rate environment, many lenders have downsized or have gone out of business.

Loan Officers 372

Loan Officers Mortgage Lending Retail 372

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. TikTok is probably 40% to 45% of my business.” Meanwhile, investors are taking steps to acquire the business. ban of the short-form video app. million ‘likes’ on TikTok. “I’ve

Loan Officers 358

Loan Officers Tools Business Clients 358

Housing Wire

MAY 3, 2022

The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. million in venture capital through three previous funding rounds, according to business-information platform Crunchbase. Point raised about $30.4 Point raised about $30.4

Contracts 402

Contracts Investors Investing Market Value 402

Housing Wire

APRIL 3, 2023

The tumult in the banking industry set off by the failure of Silicon Valley Bank (SVB) on March 10, followed two days later by the collapse of Signature Bank , has sparked fear in the markets over a potential broader contagion infecting the entire financial industry — and ultimately the U.S. billion, according to the Fed’s data.

Lending 333

Lending Mortgage Business Valuation 333

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 369

Contracts Brokerage Investing Mortgage 369

Appraisal Buzz

APRIL 15, 2024

Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment.

Appraisal 397

Appraisal Design Lending Technology 397

Housing Wire

AUGUST 25, 2022

“With the purchase and refi origination markets way down, having a home equity product right now is an important counter cyclical business line for lenders, especially in light of record home equity levels and demand (exacerbated by secular trends like increased work from home),” Blend’s spokesperson said.

Property Appraisal 381

Property Appraisal Contracts Investing Lending 381

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

Mortgage 357

Mortgage Legal Lending Investors 357

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

Mortgage 357

Mortgage Legal Lending Investors 357

Housing Wire

MAY 13, 2022

Today, established actors in settlement services are collaborating on the same ledger with the same form of smart contract to eliminate transaction overheads. Emerging distributed ledger technologies are forming a consensus-based approaches to the blockchain within business domains.

Contracts 334

Contracts Technology Architecture Government 334

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. A potential pause on the Federal Reserve’s federal funds rate hikes may bring borrowers on the sidelines back to the market, as mortgage rates could fall even further. The recent crisis impacted homebuyers in different ways.

Mortgage 359

Mortgage Clients Retail Marketing 359

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. It’s a shift that is happening in the market. Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022.

Retail 366

Retail Loan Officers Landlords Lending 366

Housing Wire

APRIL 28, 2022

The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Adaptability will be critical to navigating the rapidly changing market but it’s just as important to have a comprehensive understanding of your business.

Mortgage 336

Mortgage Business Contracts Lending 336

Housing Wire

DECEMBER 21, 2021

There was an expectation that the market will shift and it’s just waiting for the foot to fall,” said Woodward. Retail people don’t get laid off as much because they own their book of business. “It’s easy when it’s a lead generated business to not understand how to survive in the business.”.

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Loan Officers Retail Business Mortgage 433

Housing Wire

MAY 10, 2022

The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Adaptability will be critical to navigating the rapidly changing market but it’s just as important to have a comprehensive understanding of your business’ KPIs.

Mortgage 368

Mortgage Business Contracts Lending 368