Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. retail residential mortgage applications.

Mortgage 389

Mortgage Loan Officers New Listings Government 389

Housing Wire

NOVEMBER 1, 2022

Caliber Home Loans is suing another direct competitor for raiding its talent pool, accusing rival Union Home Mortgage of trying to “cripple” its retail mortgage operation in the Southeast. The company had 520 active loan officers as of October, per Modex’s data. million profit for Caliber.

Retail 269

Retail Mortgage Contracts Loan Officers 269

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. retail residential mortgage applications. ” Who is jumping into the market?

Mortgage 364

Mortgage Loan Officers Investors Government 364

Housing Wire

APRIL 1, 2024

I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Parks has overseen other changes in the division, including growth of its third-party associate channel that works alongside Longbridge’s loan officer corps.

Loan Officers 338

Loan Officers Training Business Retail 338

Housing Wire

OCTOBER 6, 2022

The Mortgage Bankers Association (MBA), however, measured the average contract for conforming at 6.75% this week, compared to 6.52% the previous week. For jumbo loans, it went from 6.01% to 6.14% in the same period. Despite rates higher than a year ago, mortgage loans are still an attractive alternative for them.”.

Mortgage 358

Mortgage Marketing Loan Officers Retail 358

Housing Wire

JANUARY 30, 2023

According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. It was part of the Atlanta-based mortgage lender’s strategy for developing a retail mortgage sales division. million when considering all 140 potential class members.

Loan Officers 440

Loan Officers Retail Contracts Mortgage 440

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

Loan Officers 382

Loan Officers Retail Lending Contracts 382

Housing Wire

JUNE 10, 2022

Last year, taking advantage of lower mortgage rates and a refi boom, Wyndham actively expanded, opening two hubs in Dallas and Phoenix, which pushed its office count to five. The company also launched a retail division in July 2021 and hired former Citi executive Karen Mayfield in August to lead the national effort.

Mortgage 363

Mortgage Loan Officers Retail Contracts 363

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 346

Mortgage Loan Officers Retail Training 346

Housing Wire

AUGUST 1, 2022

The former employees started working for Cardinal Financial Company a few days after leaving Guaranteed Rate Affinity – Engler landed a senior vice president and retail divisional leader job at the new company, similar to his position at the previous lender, according to the lawsuit. billion in business.

Loan Officers 371

Loan Officers Mortgage Retail Contracts 371

Housing Wire

NOVEMBER 9, 2022

Ultimately, we determined the market conditions have fundamentally changed and we need to change with them,” Graham Fleming, FoA’s president and interim CEO, told analysts during a call. Fraud risk continues to rise even as the market contracts . FoA produced a $1.1

Mortgage 344

Mortgage Finance Retail Business 344

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. ” Ishbia says that the wholesale channel should reach 33% market share by 2026, compared to the current level of 22%.

Retail 353

Retail Inventory Mortgage Loan Officers 353

Housing Wire

AUGUST 16, 2023

That alone suggests better days ahead for IMBs, even if rates don’t fall into the 6s for a few more months, the secondary market remains a mess, and seasonality results in low volume in the first quarter of 2024. This should contribute to the biggest IMB lenders gobbling up additional market share, even if no single lender is at 10%.

Retail 333

Retail Real Estate Agent Business Mortgage 333

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market.

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

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 368

Mortgage Retail Finance Investors 368

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. As a mentor in my career once said, “You never own market share, you only rent it.”.

Business 539

Business Retail Mortgage Lending 539

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 268

Construction Retail Mortgage Contracts 268

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market.

Business 74

Business Retail Realtors Loan Officers 74

Appraisal Today

SEPTEMBER 15, 2023

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. No one is allowed to provide a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. Markets hate uncertainty. Or hit the reply button.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing.

Reconsideration of Value 70

Reconsideration of Value Appraisal Real Estate Insurance 70

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. My market is very volatile. They are one of the easiest adjustments to make. Worth reading.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. After all, this isn’t the first time the unique property has been listed.

Appraisal 80

Appraisal Contracts Business Construction 80

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Looking again at data from MBA’s Quarterly Performance Report, loans closed per production employee [1] per month (in the retail and consumer direct channels combined) ranged from 1.3 in the third quarter of 2020.

Lending 383

Lending Mortgage Real Estate Loan Officers 383

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

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. Very tough market now with many layoffs.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. Utah’s Largest Home Hits the Market With a Bowling Alley and Lazy River for $17.5M, discounted from the initial $21 million listing last year.

Appraisal 52

Appraisal Insurance Real Estate Business 52