Housing Wire

NOVEMBER 15, 2023

Citizens was among the few large depository banks operating in retail, wholesale and correspondent in the mortgage space. billion in mortgages through the retail channel, a 60.3% In 2018, it acquired Franklin American Mortgage. In the first half of the year, Citizens originated $2.4 Meanwhile, wholesale production was smaller, at $1.1

Retail 402

Retail Mortgage Brokerage Contracts 402

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 378

Inventory Housing Market Marketing Construction 378

McKissock

SEPTEMBER 5, 2022

In recent years, the real estate industry has noticed some significant trends in the commercial and residential housing markets. For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. .

Retail 73

Retail Real Estate Investors Real Estate Agent 73

Housing Wire

SEPTEMBER 20, 2022

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. ” According to Tullos, the company made an arrangement to work on a contract basis with some of the employees that were laid off. . To grow in the coming years, it seeks to raise capital.

Marketing 334

Marketing Investors Retail Mortgage 334

Housing Wire

MARCH 6, 2024

The California-based lender and servicer promoted Jim Follette to chief digital officer, a new role to pursue opportunities in digital innovations, commercial markets and solutions for homeowners. million in damages related to a breach of contract claim in a four-year dispute between the companies.

Technology 366

Technology Retail Contracts Tools 366

Housing Wire

APRIL 13, 2024

Some argue that money will go into the safety of the bond market, while others say a wider war can lead to higher inflation and higher rates. Now, with the specter of a wider war in the Middle East as Iran launches strikes against Israel , what will the bond market do? The week ahead will answer some of those questions early on.

Inventory 426

Inventory Mortgage New Listings Retail 426

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 362

Lending Real Estate Agent Loan Officers Retail 362

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. A fellow Ohio distributed retail lender, CrossCountry Mortgage , has arguably been the most aggressive. million profit for Caliber.

Retail 261

Retail Mortgage Contracts Loan Officers 261

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. According to the South Carolina LO, some homebuyers applying for jumbo loans are borrowers that historically would pay in cash but are hit hard by the current turbulent stock market.

Mortgage 354

Mortgage Marketing Loan Officers Retail 354

Housing Wire

MAY 25, 2022

The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. . Higher mortgage rates also impacted purchase market conditions, according to the MBA. from 10.5% from 11.1%

Mortgage 402

Mortgage Contracts Retail Inventory 402

Housing Wire

MAY 11, 2022

The Market Composite Index, a measure of loan application volume, rose 2 percent on a seasonally adjusted basis for the week ending May 6, from the previous week, according to the Mortgage Bankers Association. The rapid rise in mortgages rates continues to hit the refinance market, with activity 70 percent below a year ago. from 10.3%

Mortgage 424

Mortgage Contracts Retail Buyers 424

Housing Wire

JUNE 1, 2022

for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Mortgage applications decreased to its lowest level since December 2018, as the purchase market continues to struggle with supply and affordability challenges.”. from 11.3%

Mortgage 415

Mortgage Contracts Retail Marketing 415

Housing Wire

NOVEMBER 16, 2022

The market composite index, a measure of mortgage loan application volume, increased 2.7% With the bond and stock market rallying on the lighter-than-expected inflation, Federal Reserve Governor Christopher Waller on Sunday reiterated that “we’ve still got a ways to go” before the U.S. retail residential mortgage applications.

Mortgage 542

Mortgage Retail Contracts Marketing 542

The Robert Weiler Company

SEPTEMBER 23, 2021

When buying commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Swimming in Success: Restaurant and Retail Space. Of all the subtypes of commercial real estate Ohio has to offer, restaurant and retail space are perhaps the most “fun.”

Retail 158

Retail Real Estate Business Training 158

Housing Wire

MARCH 19, 2024

The “All-In” addendum amended the 2018 broker agreement “by adding a warranty and representing that Atlantic Trust would not submit loans to select retail lenders (Rocket and Fairway), and if it did, such submissions would be a breach of the agreement,” UWM’s suit stated. district court in Michigan. UWM sued Kevron Investments Inc.,

Mortgage 309

Mortgage Law Brokerage Legal 309

Housing Wire

MAY 18, 2022

Individuals across the country put the American dream of homeownership on standby for the week ending May 13, reducing mortgage application volume by 11% compared to the prior week, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. The FHA share of total applications increased to 11.1% from 10.5%

Mortgage 392

Mortgage Contracts Retail Marketing 392

Housing Wire

NOVEMBER 29, 2022

The market composite index, a measure of mortgage loan application volume, declined 0.8% MBA estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) fell to 6.49% from the previous week’s 6.67%. The average contract interest rate for 5/1 ARMs decreased to 5.48% from 5.78% the previous week.

Mortgage 351

Mortgage Contracts Retail Marketing 351

Housing Wire

APRIL 5, 2023

retail residential mortgage applications. But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. Overall, mortgage applications declined 4.1% The survey, conducted weekly since 1990, covers over 75% of all U.S.

Government 380

Government Mortgage Housing Market Retail 380

Housing Wire

MARCH 11, 2022

Lenders One did not disclose the financial terms of the contract. This is not the first deal amongst mortgage lenders and big-box retailers: Costco has a partnership with Ohio-based CrossCountry Mortgage , which in 2020 acquired First Choice Loan Services , inheriting Costco’s mortgage program. It’s not necessarily easy.

Mortgage 346

Mortgage Retail Lending Law 346

Housing Wire

MAY 4, 2022

The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume. for the week ending April 29, compared with the prior week. percent, up from 4.89

Mortgage 364

Mortgage Contracts Retail Inventory 364

Appraisal Buzz

JANUARY 11, 2022

Aspire Home Loans LLC, an independent mortgage banker, has signed a contract to implement Black Knight Inc. ’s s Black Knight Empower LOS and integrated origination performance solutions, including the Surefire customer relationship management (CRM) and marketing automation systems.

Retail 195

Retail Contracts Lending Business 195

Housing Wire

JUNE 8, 2022

Despite the recent decline in mortgage rates , they were not low enough to spur refinance activity, which led to the decline of the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months.

Mortgage 392

Mortgage Inventory Contracts Retail 392

Housing Wire

MAY 31, 2023

The trade group’s market composite Index declined 3.7% retail residential mortgage applications. The MBA data shows the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) reached 6.91% last week, up compared to 6.69% the prior week.

Mortgage 343

Mortgage Retail Contracts Government 343

Housing Wire

NOVEMBER 23, 2022

The market composite index, a measure of mortgage loan application volume, rose 2.2% MBA estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) fell to 6.67% from the previous week’s 6.90%. retail residential mortgage applications. increase in the previous week.

Mortgage 392

Mortgage Contracts Retail Lending 392

Housing Wire

APRIL 26, 2023

The Market Composite Index, a measure of application volume, increased 3.7% retail residential mortgage applications. In its last meeting in March, the Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis points, climbing from 4.75% to 5%, its ninth consecutive rate hike.

Mortgage 385

Mortgage Loan Officers New Listings Government 385

Housing Wire

OCTOBER 19, 2022

Depositary banks such as JPMorgan Chase , Wells Fargo and Bank of America have already experienced double-digit contraction in their production in the third quarter, which is also expected of their non-depository peers. retail residential mortgage applications. “The The survey, conducted weekly since 1990, covers 75% of all U.S.

Mortgage 366

Mortgage Contracts Retail Marketing 366

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. ” It also claimed the company needed its “COO to step up” when the market was booming.

Contracts 341

Contracts Legal Retail Training 341

Housing Wire

APRIL 6, 2022

“Mortgage application volume continues to decline due to rapidly rising mortgage rates, as financial markets expect significantly tighter monetary policy in the coming months,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. the previous week and 51% a year ago.

Inventory 399

Inventory Mortgage Retail Contracts 399

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 374

Loan Officers Retail Lending Contracts 374

Housing Wire

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. retail residential mortgage applications. ” Who is jumping into the market? “We’re seeing a lot more investors enter the market to secure a better deal while competition is low,” Fullmer said. from the week prior.

Mortgage 358

Mortgage Loan Officers Investors Government 358

Housing Wire

SEPTEMBER 7, 2022

Demand for mortgage loans declined last week as the markets continue to exert pressure on rates. With the 30-year fixed-rate hovering above the 6% level again , there’s no sign of a rebound in applications yet, despite a robust job market and growing housing inventory. retail, residential mortgage applications.

Mortgage 403

Mortgage Inventory Retail Contracts 403

Housing Wire

JANUARY 30, 2023

It was part of the Atlanta-based mortgage lender’s strategy for developing a retail mortgage sales division. billion war chest to navigate the challenging market, according to the lawsuit. During job interviews, executives at AmeriSave allegedly said the company had a $1.5 million when considering all 140 potential class members.

Loan Officers 430

Loan Officers Retail Contracts Mortgage 430

Housing Wire

APRIL 7, 2023

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. Reading headlines or, in this case, Tweet threads , rooted in the “demise of the market,” tend to create false pretenses that sway investment decisions, often when they shouldn’t.

Retail 337

Retail Real Estate Clients Modernization 337

Housing Wire

JULY 27, 2022

The market composite index, a measure of mortgage loan application volume, declined 1.8% “Increased economic uncertainty and prevalent affordability challenges are dissuading households from entering the market,” Joel Kan, associate vice president of economic and industry forecasting at MBA, said in a statement.

Mortgage 369

Mortgage Retail Contracts Inventory 369

Housing Wire

JULY 13, 2022

The market composite index, a measure of mortgage loan application volume, decreased 1.7% The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) remained at 5.74%, unchanged from the previous week. retail residential mortgage applications.

Mortgage 388

Mortgage Retail Contracts Government 388

Housing Wire

JANUARY 12, 2024

The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some residential mortgages. Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space.

Mortgage 366

Mortgage Lending Retail Business 366

Housing Wire

APRIL 12, 2023

The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines. retail residential mortgage applications. Overall, mortgage applications increased last week by 5.3% last week.

Mortgage 331

Mortgage Retail Housing Market Contracts 331