Housing Wire

JULY 15, 2022

Wells Fargo ‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a rapid rise in mortgage rates has eroded consumer demand, shocked capital markets and forced mass industry layoffs. The lone bright spot was higher mortgage servicing income.

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Business Mortgage Lending Retail 397

Housing Wire

APRIL 23, 2024

Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024. The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. Click here to nominate someone.

Marketing 325

Marketing Project Management Advertising Real Estate 325

Housing Wire

NOVEMBER 15, 2023

The current business environment has left originators scratching their heads and trying new things. Luckily, the mortgage industry is cyclical, so let’s take a look at how you can turn a negative into a positive and grab clients’ attention through effective marketing , ultimately growing your book while others’ shrink.

Real Estate Agent 391

Real Estate Agent Marketing Mortgage Real Estate 391

Housing Wire

APRIL 27, 2023

Mobility Market Intelligence (MMI), a data intelligence and market insight tool provider for the mortgage and real estate industries, has appointed Brian McKray as the director of product development.

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Development Real Estate Agent Real Estate Loan Officers 288

Housing Wire

APRIL 26, 2022

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. HousingWire: With interest rates gradually rising and refinance volume on the decline, how can originators benefit from adding reverse mortgages to their product mix?

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Housing Market Business Mortgage Marketing 356

Housing Wire

MAY 2, 2023

Columbus, Ohio-based Go Mortgage has announced the appointment of Jessica Manna as its chief marketing officer. In her new role, Manna will be responsible for overseeing all marketing initiatives and strategies to promote Go Mortgage’s brand further and drive business growth.

Mortgage 321

Mortgage Marketing Lending Business 321

Housing Wire

JUNE 6, 2024

But Ryan Ogata, executive vice president of reverse mortgage lending at the Chicago-based lender, added that his vast experience on the forward side has helped to facilitate the transition of other company professionals in getting up to speed with reverse lending characteristics. It’s another thing within the arsenal.

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Loan Officers Mortgage Business Lending 342

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business.

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Housing Market Mortgage Marketing Inventory 382

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. This can be a profitable strategy.

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Business Marketing Law Technology 302

Housing Wire

DECEMBER 9, 2021

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. Economists at Freddie Mac said the 15-year fixed-rate mortgage averaged 2.38% last week, down from 2.39% the week prior.

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Mortgage Marketing Government Inventory 502

Housing Wire

JUNE 14, 2024

She will now oversee all aspects of the company’s enterprise development team, which is expanding as Incenter seeks to create new solutions and bolster competitive advantages for its clients. “I I am thrilled to have the opportunity to help our clients strengthen their market positioning despite today’s challenges,” Duffy said in a statement.

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Property Taxes Clients Development Insurance 327

Housing Wire

APRIL 23, 2024

On Tuesday at The Gathering by HousingWire in Scottsdale, Arizona, Guild Mortgage CEO Terry Schmidt sat down with HousingWire editor in chief Sarah Wheeler to talk about the principles guiding much of the lender’s actions in recruiting, mergers and acquisitions (M&A) and overall business outlook.

Retail 360

Retail Mortgage Technology Development 360

Housing Wire

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023. He will report to Sean Dugan, chief revenue officer at DMT.

Mortgage 382

Mortgage Technology Clients Development 382

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

JUNE 14, 2024

Record-high home prices and elevated interest rates have weighed down mortgage markets. These market developments underscore the reality we must face: Playing the interest rate waiting game is not a viable strategy. However, a record $17 trillion of home equity is still available in the market.

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Clients Business Renovations Development 332

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JULY 27, 2022

In mid-2021, most mortgage companies enjoyed strong origination volume and were hiring additional staff in response. Rates are now reaching almost 6% for a 30-year fixed mortgage , while the Federal Reserve has enacted substantial interest rate hikes and further increases are likely on the horizon. What a difference a year makes.

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Mortgage Marketing Lending Business 346

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

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Loan Officers Mortgage Retail Lending 392

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Everyone’s market is different. So what can we do?

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 330

Investing Mortgage Lending Loan Officers 330

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Lenders in a purchase money market, like the one we’re in now, are running a long-distance race. In our business, that’s the refinance transaction. It’s the sprint that can really set lenders apart.

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Mortgage Technology Tools Business 413

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. That’s 20 basis points higher than the international standard.

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Mortgage Marketing Lending Finance 330

Housing Wire

APRIL 25, 2024

Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. Reverse mortgages for purchase are taking up more conversation on the reverse side of the business recently.

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Mortgage Finance Real Estate Best Value 296

Housing Wire

MARCH 13, 2024

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. million, representing loans it has elected not to sell on the secondary market.

Mortgage 347

Mortgage Lending Retail Investing 347

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Marketing Radio.

Loan Officers 404

Loan Officers Mortgage Lending Modernization 404

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Marketing Mortgage Supply Chain Inventory 449

Housing Wire

APRIL 25, 2024

Nathan Knottingham, COO at Vetted VA , announced the launch of a new mortgage continuing education provider, MLO Force , from the stage at HousingWire’s The Gathering this week. When I tell my friends and family that I produce mortgage continuing education for a living, they often assume it’s a boring job,” Jones said.

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Mortgage Training Design Lending 342

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending. She absolutely checked all the boxes for us.

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Lending Mortgage Training Business 322

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

Mortgage 394

Mortgage Business Legal Real Estate 394

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Diagnosing low H4P uptake. of all endorsements in 2021. of all endorsements in 2021.

Business 339

Business Real Estate Agent Real Estate Loan Officers 339

Appraisal Buzz

MAY 3, 2024

Usherpa , which offers a customer relationship engagement platform (REP), is now a preferred partner with The Mortgage Collaborative (TMC), a mortgage cooperative. TMC’s growing network of mortgage lenders account for approximately 10% of the mortgage volume originated in the U.S. “We

Loan Officers 195

Loan Officers Mortgage Technology Business 195

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

Mortgage 315

Mortgage Finance Business Development 315

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.

Mortgage 394

Mortgage Lending Loan Officers Design 394

Housing Wire

JULY 28, 2021

This is according to John Lunde, president of Reverse Market Insight (RMI) during a presentation at the National Reverse Mortgage Lenders Association (NRMLA) Virtual Summer Meeting this month. Reverse mortgage penetration remains stubbornly low. Nobody wants to see their market share go down,” Lunde says.

Business 293

Business Mortgage Clients Marketing 293

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. ” Jason Bressler, executive vice president and chief technology officer at United Wholesale Mortgage (UWM), said. billion in mortgages in the period. .

Mortgage 327

Mortgage Loan Officers Technology Tools 327

Housing Wire

APRIL 22, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. And it doesn’t plan to cut prices.

Mortgage 372

Mortgage Marketing Human Resources Clients 372

Housing Wire

JANUARY 16, 2024

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.

Mortgage 379

Mortgage Development Government Tools 379