Housing Wire

SEPTEMBER 27, 2022

Growing obstacles in 2022’s market. Still, local lenders face rising challenges that threaten their ability to serve the American home buyers who need them most. These solutions give local lenders an edge not only due to what they provide, but also due to the complexities, resources and headaches they offload from lending teams.

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Housing Market Marketing Logistics Lending 382

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. We’re following the tried-and-true VC [venture capital] path,” Kasle said. “We

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Appraisal Buzz

JUNE 13, 2024

He has also held leadership roles and served as an individual revenue contributor at WNS North America, Capgemini, Recovery Management International, along with roles at various other mortgage lending institutions. Click here for more on ServiceLink’s State of Homebuying Report.

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Buyers Housing Market Lending Investors 221

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans was acquired by investment firm Pretium in November 2021.

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Investors Housing Market Finance Construction 418

Housing Wire

JUNE 11, 2024

Historically, buyers have had unlimited access to agents without ever needing to compensate them for their time,” Garg said. The settlement of the commission lawsuits mandates that buyers now sign a contract to compensate their agents directly before touring homes or even identifying potential properties.

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Real Estate Real Estate Agent Design Technology 360

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” We increased our liquidity and found more buyers for our loans.

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Marketing Loan Officers Lending Brokerage 332

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. The days on market were too low.

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Inventory Housing Market New Listings Marketing 538

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

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Mortgage Marketing Investors Lending 339

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

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Finance Marketing Renovations Investors 354

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. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Marketing Mortgage Investors Sellers 373

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

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Inventory Law Housing Market Design 543

Housing Wire

SEPTEMBER 24, 2021

As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase. Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. The only problem?

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Lending Renovations Finance Investors 369

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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Housing Market Finance Marketing Mortgage 346

Housing Wire

JULY 29, 2021

According to Sam Khater, chief economist at Freddie Mac, while there is some uncertainty about the Covid-19 Delta variant, the housing market is still enjoying record low rates. “As As rates change and the market shifts to a more purchase-driven origination environment, lenders need to carefully monitor margins and profitability.

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Mortgage Valuation Investors Housing Market 414

Housing Wire

MARCH 22, 2023

The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 371

Housing Wire

MARCH 22, 2023

In addition, the stress on smaller banks may result in tightening lending standards, requiring fewer rate hikes from the Fed to cool down the economy and combat high inflation. Impact on the housing market In the housing market, the bank collapses over the last few weeks have sent mortgage rates downward, though they remain volatile.

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Lending Housing Market Mortgage Marketing 379

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. The jumbo market for brokers is back in a huge way. “Some are cases of an extremely motivated buyer who was willing to pay way over asking price to secure the home they wanted.

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Marketing Sellers Finance Loan Officers 488

Housing Wire

JANUARY 26, 2022

For qualifying buyers, loans can be distributed in amounts up to $3 million. Building the next generation of tech: Three ways to digitize home lending. Meanwhile, in October 2020, Tomo picked up $40 million in a seed round led by the same investors. Refinancing is also not an option.

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Mortgage Advertising Lending Brokerage 317

Housing Wire

AUGUST 5, 2021

Economists and investors are waiting for any indication that the Federal Reserve may begin tapering its asset purchases. As rates change and the market shifts to a more purchase-driven origination environment, lenders need to carefully monitor margins and profitability. Presented by: Black Knight.

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Mortgage Valuation Housing Market Renovations 523

Housing Wire

JULY 6, 2023

This, in part, is causing the tight inventory we’re seeing in the housing market today, as two out of every three houses have mortgages with interest rates below 4% and aren’t motivated to sell their house unless a significant circumstance warrants it.” Just because there’s vacant homes in the U.S.

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Inventory Renovations Real Estate Government 452

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Last year, investor Redwood and Point, the latter founded in 2014, completed a first-of-its- kind securitization backed by HEI contracts.

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Contracts Investors Investing Market Value 401

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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Loan Officers Agents Retail Technology 373

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Lenders will align with marketing and services partners to gain pricing power.

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Supply Chain Real Estate Technology Mortgage 366

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. The buyer must submit to the application and underwriting process to qualify, just as they would in any new mortgage.

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Mortgage Loan Officers Government Buyers 369

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 ). LLR is not a newcomer to mortgage technology or the overall fintech market. This isn’t a new story in mortgage lending or real estate brokerage.

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Real Estate Brokerage Real Estate Agent Technology 328

Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. They are businesses that lend money, borrow money and invest money that they hold on behalf of their customers. How Do Bank Failures Affect the Real Estate Market? What Happens when a Bank Fails?

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Lending Housing Market Marketing Real Estate 28

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. And they have to sell them now [in the whole loan market or via securitization when we are seeing] 6%, 6.5%

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Marketing Real Estate Mortgage Investors 366

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. million — once that happens, I can take the unhealthy label off the housing market.

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Housing Market Marketing Inventory Lending 392

Housing Wire

AUGUST 25, 2022

. “But I don’t think it can be meaningful for the big companies just because these other markets are smaller than the traditional mortgage market.” The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. ” Just a little less vanilla.

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Mortgage Loan Officers Finance Investors 388

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.

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Mortgage Clients Retail Marketing 358

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Nor can we ever have a credit sales boom again with lending standards back to normal. Case in point, purchase application data is already below 2008 levels today.

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Inventory New Listings Law Housing Market 381

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.” Connie Kim : Tell us about your main market.

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Marketing Inventory Loan Officers Buyers 356

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market. million, below the 2019 range of 1.52 million to 1.93

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Mortgage Loan Officers Inventory Retail 378

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should buyers and sellers be doing right now? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. Or are some doing better than others?

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Housing Market Real Estate Marketing Buyers 36

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. And then closing as fast as possible because we’re still in a tight housing market with tight inventory. But I think there’s a dynamism in the U.S.

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Technology Mortgage Tools Insurance 344

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

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Mortgage Loan Officers Bracketing Investors 357

Housing Wire

OCTOBER 7, 2022

Williams IV, founder and CEO of Percy.ai, about what housing professionals can do to improve their deal flow despite the turbulence of the current housing market, and how investing in valuable data insights could be the key to success. . HousingWire recently spoke with Charles J. What do I mean by that?

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Housing Market Real Estate Agent Marketing Real Estate 338