Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 416

Marketing Mortgage Investors Sellers 416

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde worked at Optimal Blue for five years before joining Go Mortgage, according to her LinkedIn profile.)

Mortgage 369

Mortgage Marketing Retail Construction 369

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. billion, according to a review of bond-rating and industry reports.

Housing Market 412

Housing Market Marketing Contracts Finance 412

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

Mortgage 380

Mortgage Legal Lending Investors 380

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

Mortgage 370

Mortgage Legal Lending Investors 370

Housing Wire

OCTOBER 21, 2022

As mortgage rates continue to rise, originations are not the only side of the industry affected. The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because of fewer opportunities to refinance a loan,” said Eric Friedman, managing director of Servicing at Acra Lending.

Mortgage 365

Mortgage Investors Lending Property Taxes 365

Housing Wire

SEPTEMBER 11, 2020

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% The data comes from about 95 lenders and investors, MBA said. 20 forecast.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ.

Contracts 378

Contracts Lending Investing Investors 378

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We’re not huge, but we’re not small either.”.

Mortgage 441

Mortgage Technology Investing Investors 441

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Pennymac is the latest mortgage lender to freeze rates for borrowers. The product does not require a property address to guarantee a mortgage rate.

Mortgage 381

Mortgage Contracts Valuation Marketing 381

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right.

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

JULY 8, 2022

There is unquestionably a need for regulatory innovation across the broader mortgage industry, but none more pressing than de-risking the mortgage servicing space. Broad lessons were learned on how to curb predatory lending practices following the subprime mortgage crisis. The true benefit of quantitative easing.

Mortgage 395

Mortgage Technology Investors Law 395

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ). I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreement by changing the driver of the car starting in May 2022.

Legal 333

Legal Contracts Lending Loan Officers 333

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 381

Mortgage Loan Officers Government Buyers 381

Housing Wire

SEPTEMBER 22, 2022

All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”. Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. 21, according to Mortgage News Daily.

Marketing 381

Marketing Contracts Finance Home Value 381

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. 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. Investors were nonplussed. Finance data.

Mortgage 381

Mortgage Retail Finance Investors 381

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 Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 423

Contracts Investors Investing Market Value 423

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. Meanwhile, investors are taking steps to acquire the business. ban of the short-form video app. million ‘likes’ on TikTok. The bill is now in the Senate, where the outcome is unknown.

Loan Officers 407

Loan Officers Tools Business Clients 407

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. “Wholesale is growing. in 2014. .

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

DECEMBER 2, 2020

billion of it coming through its forward-lending arm. “Our platform was purpose-built to create a business that could better withstand the cyclicality of most consumer lending businesses,” CEO Mary Cook said on an earnings call. Reverse mortgage originations declined 19% from the second quarter to $626 million.

Finance 231

Finance Lending Retail Business 231

Housing Wire

MAY 13, 2022

Today, established actors in settlement services are collaborating on the same ledger with the same form of smart contract to eliminate transaction overheads. For example, the DLT and smart contract structure for trade transaction settlement are encapsulated by the vested industry actors.

Contracts 345

Contracts Technology Architecture Government 345

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability.

Real Estate 367

Real Estate Supply Chain Architecture Brokerage 367

Housing Wire

SEPTEMBER 20, 2022

Delray Beach, Florida-based mortgage lender ResMac, Inc. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger.

Marketing 368

Marketing Investors Retail Mortgage 368

Housing Wire

OCTOBER 12, 2021

Redwood Trust CEO Christopher Abate laid out a bold vision of growth for the real estate investment trust at an investor conference in New York City last month. That is done via what is called a home-equity investment contract, or an HEI. This content is exclusively for HW+ members.

Contracts 381

Contracts Marketing Investing Real Estate 381

Housing Wire

JANUARY 20, 2023

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. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” Also, this is what the Federal Reserve wants.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

JUNE 9, 2022

That bolt-like spike in rates put many mortgage lenders into crisis mode. Still, a good portion of the lower-rate mortgage paper has worked its way through the system and is being replaced by higher-rate mortgage loans. Interest rates jumped by more than 2 percentage points over the first quarter of 2021.

Marketing 381

Marketing Contracts Technology Mortgage 381

Housing Wire

FEBRUARY 22, 2023

The residential mortgage-backed securities (RMBS) market took a beating in 2022, nearly stalling as the year came to an end — on the heels of interest rates jumping more than 3 percentage points over the first half of 2022. 16, according to Freddie Mac , the interest rate for a 30-year-fixed mortgage stood at 6.32%.

Marketing 360

Marketing Finance Mortgage Lending 360

Housing Wire

MARCH 5, 2021

However, as Ishbia had just announced that UWM would no longer partner with mortgage brokers who also work with Rocket Mortgage or Fairway , the discussion became a broader conversation about the lenders’ overall strategy to grow broker share. “Our investors understand our history of growing in all markets.

Investors 393

Investors Real Estate Agent Loan Officers Technology 393

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. It is difficult to obtain a mortgage today.

Realtors 393

Realtors Housing Market Marketing Buyers 393

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

Realtors 370

Realtors Technology Insurance Mortgage 370

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. I thought it was sparse.

Lending 392

Lending Real Estate Agent Loan Officers Retail 392

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. He is afraid of losing his home.

Mortgage 379

Mortgage Government Contracts Insurance 379

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Mortgage rates weren’t wildly different in ’09 compared to today. That process can take time. “If

Marketing 221

Marketing Real Estate Appraisal Sellers 221

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. You should also consider non-QM lenders (non-qualified mortgage lenders). Non-lending appraisal courses.

Appraisal 74

Appraisal Training Lending Land Management 74

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

Appraisal 67

Appraisal Real Estate Contracts Design 67