Housing Wire

AUGUST 17, 2023

According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation. At Mortgage News Daily on Thursday morning, the 30-year fixed rate for conventional loans was 7.34%, up 29 basis points from the previous week.

Mortgage 348

Mortgage Supply Chain Government Buyers 348

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% ” Just a little less vanilla. ” Just a little less vanilla.

Mortgage 391

Mortgage Loan Officers Finance Investors 391

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. ” The expectation is that refis will go down even further this year. ”

Mortgage 523

Mortgage Loan Officers Insurance Investors 523

Housing Wire

JANUARY 14, 2022

Founded in 2000, Scottsdale, Arizona-based HomeSmart is the seventh largest brokerage in the country by transaction sides, or how many times a HomeSmart agent represented the buyer or seller in a deal, according to RealTrends. A not insignificant component of HomeSmart’s finances is what is funneled to, and from, Widdows. million. “The

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Brokerage Agents Real Estate Loan Officers 404

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

JUNE 15, 2022

After that initial period ends, rates adjust periodically based on a benchmark or index, such as the Secured Overnight Financing Rate, known as SOFR, based on actual transactions in the Treasury repurchase market. Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments.

Mortgage 362

Mortgage Bracketing Loan Officers Investors 362

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 340

Real Estate Brokerage Real Estate Agent Technology 340

Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

Mortgage 381

Mortgage Investors Clients Marketing 381

Housing Wire

SEPTEMBER 5, 2023

It’s so important in this market that when a buyer puts an offer on a home, it’s 100% clear that financing is available and ready to support the purchase. SW: Affordable housing initiatives are on the radar of more lenders this year, but your typical loan officer may not have a lot of experience there.

Technology 355

Technology Mortgage Tools Insurance 355

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 415

Business Mortgage Loan Officers Inventory 415

PennyMac

FEBRUARY 13, 2024

In a standard home purchase scenario, prospective homebuyers apply with a lender to obtain conventional financing to get the new home on their wishlist. Did you know, however, that there may be another financing option that could possibly benefit both the buyer and the seller under the right circumstances?

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Mortgage Sellers Buyers Finance 53

Housing Wire

DECEMBER 29, 2023

You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.

Mortgage 441

Mortgage Loan Officers Inventory Business 441

Housing Wire

MARCH 30, 2022

We’re identifying and investing in new mortgage technology companies and capitalizing on the recent interest of entrepreneurs and venture investors in commercial real estate. Hurst: On the venture investing side, the two areas I just mentioned continue to be a focus.

Mortgage 348

Mortgage Real Estate Investing Technology 348

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” That process can take time. “If

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

SEPTEMBER 14, 2020

Zillow , for instance, is still enticing new home buyers to transact and Carvana makes it possible to buy a new or used car from the comfort of home. In addition, they must change their entire approach to the business because borrowers have changed their expectations of the home finance industry. After that, it tends to get messy.

Lending 450

Lending Mortgage Technology Business 450

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 386

Loan Officers Mortgage Lending Real Estate Agent 386

Housing Wire

AUGUST 23, 2023

Mortgage lenders and loan officers said they are navigating the challenging landscape by going “back to the basics,” which means offering 30-year fixed loans to borrowers with the expectation that they will be able to refinance down the road. When asked why U.S.

Mortgage 366

Mortgage Loan Officers Inventory Housing Market 366

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. REO properties are attractive to homebuyers or real estate investors for several reasons. Step 2: Find a Lender and Discuss REO Financing.

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Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Loan officers and brokers need to reconnect with past clients and show their value.

Finance 357

Finance Construction Law Inventory 357

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Fewer buyers in the market also means homebuilders are enticing shoppers with incentives, which negatively affects margins. Though not necessarily to buyers with financing.

Housing Market 418

Housing Market Marketing Brokerage Real Estate 418

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 We took those same investors that are our partners, and we just aligned specific products to them.” year over year.

Marketing 329

Marketing Retail Mortgage Investors 329

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I’m not really focused on the margins for this quarter,” Ishbia told investors in UWM’s second-quarter earnings call. “It’s

Investing 404

Investing Loan Officers Retail Mortgage 404

PennyMac

SEPTEMBER 9, 2020

The down payment amount can vary depending on the type of loan for which you’re applying. Fortunately, there are numerous ways to save, as well as down payment assistance programs and other funding sources for buyers. Let’s first see what the down payment amount is for the type of loan you’re looking at.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Housing Wire

DECEMBER 31, 2021

One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. This is good news for the many would-be buyers who are currently priced out or delaying decisions because of low supply conditions and steep home-price appreciation.”

Marketing 421

Marketing Law Government Mortgage 421

Lamacchia Realty

MARCH 4, 2024

Because excited buyers are typically caught up in house hunting, one crucial aspect is often overlooked: hiring a mortgage broker. Whether you are a first-time homebuyer or a seasoned investor, choosing the right mortgage broker can significantly impact your overall home-buying experience.

Mortgage 69

Mortgage Legal Realty Buyers 69

Assurance Financial

SEPTEMBER 28, 2021

Each person’s finances come with a wide range of variables, such as income, expenses, debts, interest rates, credit scores, and the bank being used. If you’ve done your homework, reviewed your finances, and decided that paying off your mortgage is right for you, then we want to teach you some ways to make that dream a reality.

Mortgage 36

Mortgage Investing Finance Loan Officers 36

Clear Capital

SEPTEMBER 29, 2021

” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. And then he actually gets a voicemail from a potential buyer asking him to call him back. And the buyers like, “I would like to buy this house full asking price.” The buyer is like, “yeah.

Sellers 69

Sellers Agents Real Estate Buyers 69

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023. They are risky for the lender and its investors.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Most buyers were tech people from the Bay Area.

Appraisal 52

Appraisal Architecture Business Contracts 52

PennyMac

JANUARY 16, 2022

Andra Hopulele is a senior writer with Point2Homes whose data-driven articles have been quoted by publications including Yahoo Finance, Statista and Business Insider. Linsell has aided home buyers with everything from modest rural starter homes to massive waterside compounds. Want to know how much that vacation home will cost?

Investing 36

Investing Property Taxes Real Estate Renovations 36

Housing Wire

APRIL 13, 2022

While home inventories remain low, the prospects for first-time buyers diminish. Competition favors institutional investors and households with higher incomes and stellar credit. Some communities are not equitably served because lenders say they are unable to recruit and hire minority loan officers who reside in these communities.

Insurance 377

Insurance Construction Government Lending 377