Housing Wire

FEBRUARY 5, 2024

Dallas-based OneTrust Home Loans brought on James Hecht as its CEO to spearhead the company’s various mortgage lending divisions. As a result, co-founders Josh Erskine and Shane Erskine will be pivoting to the roles of CEO and president at Warp Speed Holdings , respectively.

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Lending Retail Construction Tools 340

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 355

Mortgage Loan Officers Retail Finance 355

Housing Wire

APRIL 23, 2024

“This rule strengthens standards by increasing elevations and flood proofing requirements of properties in areas at risk of flooding, where federal funds are used to develop or provide financing for new construction within the now defined FFRMS floodplain,” HUD explained. “It

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Insurance Construction Finance Development 330

Housing Wire

OCTOBER 27, 2022

Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months? Traditionally, when economic data gets better, the 10-year yield sells off and yields go up with mortgage rates. However, the U.S.

Mortgage 542

Mortgage Housing Market Marketing Construction 542

Housing Wire

JANUARY 19, 2024

Plus, seeking the most efficient tools to service this segment and help create income while the for-sale market remains challenged and provides less opportunities. Continuously elevated mortgage rates coupled with inflated property prices have created a sort of stagnation in the for-sale segment.

Marketing 424

Marketing Real Estate Construction Agents 424

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

Tenants 463

Tenants Finance Construction Government 463

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Like so many other production pipelines, the construction of new homes, along with shortages in building materials like concrete and lumber , caused a significant decrease in new homes for purchase. Push for tech.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Appraisal Buzz

MAY 2, 2024

Walker has almost 20 years of mortgage industry experience helping lenders mitigate risk. She is currently a board member for the Spokane Association of Mortgage Professionals serving as secretary and website committee chair. Danielle will continue to play a pivotal role in helping Xactus advance the modern mortgage.”

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Development Business Valuation Modernization 195

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

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Mortgage Brokerage Retail Business 440

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. Public health officials note that we have many more tools to address this latest — and likely not the last — challenge.

Marketing 446

Marketing Mortgage Supply Chain Inventory 446

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. Low mortgage rates, driven by quantitative easing by the Federal Reserve helped fuel a boom in both mortgage refinancing and purchases, making 2020 the second-best year in U.S.

Development 412

Development Lending Mortgage Marketing 412

Inman

FEBRUARY 6, 2023

Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage.

Construction 90

Construction Mortgage Tools Buyers 90

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. Construction has traditionally been slow to pick up new technology compared to other industries.

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Construction Logistics Technology Real Estate 450

Housing Wire

JUNE 8, 2023

An aligned team of operational leaders can transition your business into the future, but first, you need the tools to get there. Register Sarah Gonzalez is the president and chief operating officer of Panorama Mortgage Group. Her biggest piece of advice for mortgage leaders in this market? “Be Be decisive and move quickly.”

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Retail Business Construction Tools 294

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search. Innovative building materials and home features matter.

Construction 417

Construction Real Estate Buyers Sellers 417

Housing Wire

JULY 20, 2022

Specifically, there is a high cost in constructing accessory dwelling units – or ADUs – which are secondary residences on a land parcel zoned for single-family housing. Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans.

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Finance Legal Landlords Construction 364

Housing Wire

APRIL 12, 2024

For one, the mortgage servicing industry adopted some COVID-era, rescue-type packages where a house does not go into immediate foreclosure. In addition, to address the problem of borrowers having difficulty keeping up with their mortgage payments, the Biden administration has launched programs to assist owners at risk of losing their homes.

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Property Taxes Insurance Mortgage Home Value 338

Housing Wire

SEPTEMBER 14, 2023

But we’re making all the tools and all the data available to them to be able to do that.” Social is a new construct, especially in the fixed-income markets and in the mortgage-backed securities space,” she said. And I think it’s important to say that we don’t determine if it’s social impact, investors do.

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Investors Investing Government Tools 320

Housing Wire

JUNE 30, 2022

With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market. We’re well-capitalized and committed to mortgage, particularly the broker channel. Lee Smith: EVP, President of Mortgage. Our brokers are our partners.

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Lending Housing Market Technology Business 298

Housing Wire

JUNE 15, 2023

Doing so helps you move on and focus your energy constructively. Volly ’s most successful customers use our tools to engage with a combination of email, social, print and other multi-mediums that when choreographed together successfully blankets the market. This is when marketing automation tools can be especially impactful.

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Client Relationships Development Clients Tools 331

Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. In fact, mortgage applications picked up in the week leading up to the Fed meeting, signaling a wave of optimism. The CME FedWatch Tool showed a 99% chance the Fed would halt its hikes to the 5.25

Housing Market 390

Housing Market Mortgage Landlords Marketing 390

Housing Wire

JULY 20, 2022

million underwater borrowers to lower their mortgage rate. A 2015 report by the New York Federal Reserve found that “Our overall conclusion is that conservatorship achieved its key short-run goals of stabilizing mortgage markets and promoting financial stability during a period of extreme stress.”.

Law 483

Law Tools Development Mortgage 483

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

Lending 310

Lending Finance Clients Client Relationships 310

Housing Wire

NOVEMBER 19, 2021

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The HMDA data is a crucial tool for the CFPB in constructing redlining cases.

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Lending Modernization Tools Mortgage 293

Clear Capital

AUGUST 30, 2021

Clear Capital , a real estate valuation and analytics fintech leader, today announced that its ClearInsight app was named “Property Valuation Tool of the Year” in the inaugural 2021 PropTech Breakthrough Awards. August 30, 2021 —. For more information, visit PropTechBreakthrough.com. Media Contact. Laura Grace Pustmueller. 888-550-6385, ext.12.

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Valuation Tools Real Estate Technology 74

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

DECEMBER 19, 2023

Technology is set to emerge as a crucial tool in such sectors as the rental segment, with the advent of online rental screening software, enhancing efficiency, rent payment reporting and thwarting fraudulent activities.

Real Estate 433

Real Estate Marketing Technology Tenants 433

Housing Wire

FEBRUARY 1, 2022

Class Valuation, which itself is owned by private equity firm Gridiron Capital, said the acquisition of Metro-West would fit into its larger strategy of fusing tech tools such as automation and 3D measurements to help clear the well-documented capacity issues in appraisal. Terms of the deal were not disclosed.

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Valuation Appraisal Real Estate Investing 293

Housing Wire

OCTOBER 29, 2021

This week’s HW+ spotlight features Mark Jones, co-founder and CEO at Amerifirst Home Mortgage. Jones was also recently installed as vice chairman of the Mortgage Bankers Association for the 2022 membership year. Mark Jones: In the mortgage market, margin compression will be the story of the year.

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Loan Officers Insurance Business Finance 279

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. As real estate professionals strategize on how to do business in 2021’s competitive, fast-paced housing market, they’ll discover the need for better tools to market their listings.

Supply Chain 414

Supply Chain Inventory Housing Market Real Estate 414

Housing Wire

MARCH 3, 2022

A vertical which has seen a strong digital push is mortgages, with consumers, lenders and other agents increasingly using online tools and services to apply for and process home sales. A: Morty is an online mortgage marketplace, so we leverage great product and technology to first match customers with the right loan product for them.

Mortgage 282

Mortgage Technology Real Estate Investing 282

Housing Wire

JULY 12, 2023

Unfortunately, the Fed does not have the right tools to tackle high housing costs in the U.S, In the meantime, with inventory hovering around record lows and mortgage rates north of 7%, a generation of Americans is being forced to the sidelines, excluded from the ability to build wealth through homeownership. Rents were up 8.3%

Insurance 266

Insurance Construction Tools Realtors 266

Housing Wire

NOVEMBER 21, 2022

The COVID-19 pandemic brought interest rates to record lows and spurred a $4 trillion purchase and refinance mortgage boom in 2021. trillion in mortgage origination volume in 2022. The tools, capabilities and willpower exist to solve this affordable homeownership challenge.

Design 333

Design Finance Government Business 333

Housing Wire

OCTOBER 20, 2020

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis. Overcoming the challenges of zoning and job opportunities are key to building affordable housing , Frater noted.

Law 460

Law Marketing Mortgage Valuation 460

Housing Wire

MARCH 20, 2024

The company monetizes its platform’s traffic in a variety of ways, primarily by selling leads, software-as-a-service tools for agents and advertising services. In recent years, Zillow also launched segments for rental listings and mortgage origination; it briefly operated an instant buying segment, now shuttered.

Investors 380

Investors Agents Real Estate Buyers 380

Housing Wire

JULY 27, 2022

The Fed is trying to achieve price stability, but they don’t really have the tools for some of the supply constraints. Higher mortgage rates have created more supply for the existing housing market. However, higher rates have also shut down construction for this expansion. So how does this Fed action affect mortgage rates?

Marketing 405

Marketing Mortgage Housing Market Construction 405

McKissock

FEBRUARY 4, 2022

The share of new construction homes on the market rises to a record high. One-third of houses for sale are new construction, an all-time high. single-family homes for sale in December were new construction, up from 25.4% single-family homes for sale in December were new construction, up from 25.4% Read the full report.

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Construction Housing Market Appraisal Training 52