Housing Wire

APRIL 29, 2024

. “Customers of Republic Bank should continue to use their existing branches until they receive notice from Fulton Bank that it has completed system changes that will allow its branch offices to process their accounts as well,” the Federal Deposit Insurance Corp. billion in loans. Republic Bank is adding $5.3

Loan Officers 321

Loan Officers Insurance Mortgage Lending 321

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officers 382

Loan Officers Real Estate Agent Real Estate Finance 382

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Consumers who are introduced to the HECM for Purchase loan option are often skeptical at best, with many thinking it’s too good to be true.

Finance 428

Finance Real Estate Agent Real Estate Insurance 428

Housing Wire

MAY 22, 2024

H4P endorsements accounted for roughly 6% of the 32,963 HECMs endorsed for Federal Housing Administration (FHA) insurance that fiscal year. Education and new business RMD spoke with three national managers at different lending companies who deal in the reverse mortgage product. In a tough market, lots of folks look for silver bullets.

Mortgage 351

Mortgage Loan Officers Lending Business 351

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. business advisory firm in real estate, mortgage finance, digital mortgage, banking and capital markets.

Business 458

Business Law Real Estate Investors 458

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Mortgage 394

Mortgage Lending Loan Officers Design 394

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

Housing Market 385

Housing Market Marketing Contracts Finance 385

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. 5000 list of America’s fastest-growing private businesses.

Buyers 351

Buyers Retail Loan Officers Insurance 351

Housing Wire

OCTOBER 6, 2022

In light of macroeconomic market conditions, on Monday of this week we further restructured the mortgage operations group within our Keller Mortgage business,” Darryl Frost, a spokesperson at Keller Williams , wrote in an email confirming the layoffs. The May layoffs mainly impacted operations positions. “In

Mortgage 364

Mortgage Real Estate Loan Officers Brokerage 364

Housing Wire

NOVEMBER 18, 2021

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. Once that happens, mortgage insurance is usually waived. But borrowers would be wise to note that they’ll get hit with higher interest rates.

Insurance 399

Insurance Loan Officers Retail Mortgage 399

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. 85%) back to the pre-crisis level of.5%,”

Insurance 363

Insurance Loan Officers Sellers Mortgage 363

Housing Wire

OCTOBER 6, 2021

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. The filing revealed that refi loans made up 85% of funded loan volume for Better.com in last six months, while purchase volume was close to 15%.

Insurance 402

Insurance Investors Real Estate Loan Officers 402

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” Stick around and see if mortgage rates climb into the 7% range.

Housing Market 369

Housing Market Marketing Mortgage Buyers 369

Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. .

Mortgage 363

Mortgage Loan Officers Lending Business 363

Housing Wire

MAY 11, 2021

The special purpose acquisition company market isn’t dead yet, apparently. Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in title insurance and $1.4 billion in homeowners insurance.

Valuation 359

Valuation Insurance Investors Loan Officers 359

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. was open for business. In total, 76.6%

Mortgage 337

Mortgage Loan Officers Insurance Business 337

Housing Wire

FEBRUARY 24, 2021

HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. VL: So many areas could benefit by embracing digitalization.

Real Estate Agent 286

Real Estate Agent Real Estate Agents Loan Officers 286

Housing Wire

FEBRUARY 1, 2022

California-based loanDepot greatly increased loan origination volume in 2021, which guaranteed gains in marketshare compared to its competitors. But the multichannel lender’s gain-on-sale margin and net income fell significantly in the fourth quarter, reflecting changing market conditions. The company achieved a market share of 3.4%

Advertising 369

Advertising Loan Officers Retail Insurance 369

Housing Wire

APRIL 13, 2022

Each year, HousingWire recognizes the outstanding women in housing who are making notable contributions to both their businesses and to the industry at-large. Enact Mortgage Insurance’s Director, Quality Assurance, Sheila Klostermann , led her team in increasing productivity by ~ 25% over the last year. billion and ranked No.

Loan Officers 340

Loan Officers Insurance Mortgage Business 340

Housing Wire

JANUARY 4, 2023

For jumbo loans (greater than $647,200), rates remained at 6.12%. Consequently, lenders and loan officers have started 2023 at a low point, hoping a recovery will come in the second half of the year. Concerns about the business outlook could prompt more company leaders to freeze hiring or resort to broader layoffs in 2023.”

Mortgage 523

Mortgage Loan Officers Insurance Investors 523

Housing Wire

JUNE 24, 2021

Strong purchase lenders that historically did 70% purchase business, originated 70% refinance. And while that refi wave continues to drive some unbelievable production numbers – now is the time for mortgage professionals to focus on the purchase business that will be critical to success over the next decade. Not a member yet?

Loan Officers 291

Loan Officers Lending Finance Business 291

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The mystery as to what happened to its loan pipeline and funding endure. Shocked employees didn’t receive their last paychecks. Yet Strauss, who already has a $2.45

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. The bank’s revenues in the home lending business totaled $1.5 Loan origination volume dropped 26% to $21.6 loanDepot: Unknown.

Mortgage 412

Mortgage Loan Officers Lending Human Resources 412

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Modernizing origination to stay competitive in today’s housing market. Ross, general counsel at the company, wrote in the notice.

Loan Officers 397

Loan Officers Modernization Finance Housing Market 397

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. More and more, you’ll start to compete for buyer business in a similar way you do for listings now. For Sale By Owners are the same.

Clients 376

Clients Buyers Real Estate Agent Real Estate 376

Housing Wire

FEBRUARY 11, 2022

Black Knight ‘s Optimal Blue , which provides data for the secondary market, reported the average rate for 30-year conforming mortgages was 4.071% on Friday morning. It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. Few industries are as impacted by market fluctuations as housing.

Mortgage 382

Mortgage Contracts Loan Officers Insurance 382

Housing Wire

JANUARY 25, 2022

Additionally, the Federal Housing Finance Agency’s recent announcement of increased upfront fees for high-balance and second-home loans is bound to create more pressure by pushing borrowers out of the market. This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans.

Mortgage 337

Mortgage Inventory Business Loan Officers 337

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. That has contributed to UWM’s competitors taking losses on loans when they can least afford it. Homepoint has been aggressive in its attempts to stop the bleeding.

Mortgage 389

Mortgage Loan Officers Finance Investors 389

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 410

Business Mortgage Loan Officers Inventory 410

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. Early pilots have shown Buyside’s predictions to be 5x better than other published approaches. About Buyside.

Valuation 292

Valuation Real Estate Agent Real Estate Clients 292

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. As a white-label solution, the FinXperience platform is highly customizable and configurable, with the ability to align with a lender’s specific branding and marketing differentiators and customer segmentation.

Lending 197

Lending Real Estate Agent Loan Officers Architecture 197

Housing Wire

MARCH 1, 2021

But now that it’s all but certain we are coming into a true purchase market, the unknown and uncertainty that is the period prior to close will once again come under more scrutiny. With a purchase market, of course, comes higher production costs and weaker margins. There’s just a lot more to a purchase mortgage.

Marketing 236

Marketing Realtors HOA Technology 236

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more.

Lending 408

Lending Law Loan Officers Clients 408

Housing Wire

DECEMBER 14, 2020

An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker. The goal is to build a profitable business that creates wealth for our customers. mortgage market. mortgage market. “There are 2.5

Loan Officers 310

Loan Officers Investors Legal Buyers 310

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. TB: The reality is that the mortgage process, particularly in today’s purchase market, is still a deeply human process.

Technology 345

Technology Mortgage Tools Insurance 345

Housing Wire

APRIL 6, 2023

Strauss is also accused of suspending staffers’ health insurance coverage retroactively to May 2022, despite collecting the employees’ contributions from their paychecks. At Sprout, Strauss struggled to sell loans in the secondary market that were originated at 2-4% when investors were asking for more premiums.

Investors 283

Investors Mortgage Insurance Real Estate 283

Housing Wire

FEBRUARY 3, 2022

Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgage 369

Mortgage Retail Finance Investors 369