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. Union originated roughly $13 billion in residential mortgages in 2021. billion in mortgage production.

Retail 287

Retail Mortgage Contracts Loan Officers 287

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 361

Mortgage Marketing Retail Construction 361

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. Interest in purchases fell 15.2%, while refinances dropped 75.8%

Mortgage 397

Mortgage Contracts Retail Marketing 397

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% 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. Refinance share of the mortgage activity declined to 31.5% The post MBA: Mortgage apps decline 2.3% of total applications from 32.3%

Mortgage 430

Mortgage Contracts Retail Marketing 430

Housing Wire

NOVEMBER 29, 2022

Mortgage rates dropped last week, but it wasn’t enough to spur mortgage demand. The market composite index, a measure of mortgage loan application volume, declined 0.8% from the previous week, according to the Mortgage Bankers Association. Additionally, mortgage rates for most other loan types declined,” he said.

Mortgage 365

Mortgage Contracts Retail Marketing 365

Housing Wire

FEBRUARY 9, 2024

A lawsuit against the “ All-In” initiative at United Wholesale Mortgage (UWM) should be dismissed, a federal judge said, citing inadequate evidence to prove accusations against the lender. UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers.

Contracts 412

Contracts Retail Mortgage Lending 412

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). The data shows that the bank produced $25.3

Mortgage 403

Mortgage Lending Retail Business 403

Housing Wire

OCTOBER 19, 2022

Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). The MBA survey shows that the mortgage composite index for the week ending Oct. retail residential mortgage applications. from 13.5%

Mortgage 388

Mortgage Contracts Retail Marketing 388

Housing Wire

NOVEMBER 23, 2022

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% retail residential mortgage applications.

Mortgage 397

Mortgage Contracts Retail Lending 397

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA). last week, down from 24.4%

Government 402

Government Mortgage Housing Market Retail 402

Housing Wire

NOVEMBER 15, 2023

mortgage lender, has decided to close its wholesale channel, which produced over $1 billion in volume in the first half of this year. Citizens was among the few large depository banks operating in retail, wholesale and correspondent in the mortgage space. In 2018, it acquired Franklin American Mortgage. in the period.

Retail 430

Retail Mortgage Brokerage Finance 430

Housing Wire

OCTOBER 26, 2022

Mortgage rates have been on an upward trend for more than two months, and would-be homebuyers are increasingly hitting the brakes on their home purchase plans. . The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Oct. retail residential mortgage applications.

Mortgage 330

Mortgage Retail Contracts 330

Housing Wire

JULY 13, 2022

Demand for mortgages declined for the second consecutive week, led by a dip in purchase mortgage applications — despite rates on a downward trend. The market composite index, a measure of mortgage loan application volume, decreased 1.7% for the week ending July 8, according to the Mortgage Bankers Association (MBA).

Mortgage 397

Mortgage Retail Contracts Government 397

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Purchase mortgage rates, after hitting a 13-year high of 5.27% in May, fell for three consecutive weeks, according to the Freddie Mac PMMS. year over year. .

Mortgage 397

Mortgage Inventory Contracts Retail 397

Housing Wire

NOVEMBER 2, 2022

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. A different index measures this week’s rates higher at 7.09% , according to Mortgage News Daily. from 13.9%

Mortgage 412

Mortgage Retail Contracts Housing Market 412

Housing Wire

MAY 4, 2022

Individuals across the country chasing the American dream of homeownership helped to push mortgage-application volume up by 2.5% The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) jumped to 4.92 for the week ending April 29, compared with the prior week.

Mortgage 369

Mortgage Contracts Retail Inventory 369

Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Meanwhile, for jumbo mortgage loans (greater than $647,000), rates on average jumped to 4.51% from 4.40% in the same period.

Inventory 417

Inventory Mortgage Retail Contracts 417

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. 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. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 396

Mortgage Loan Officers New Listings Government 396

Housing Wire

JULY 6, 2022

Fewer applications show borrowers’ demand for mortgage loans fell this week, despite a decline in rates due to concerns of an economic recession, according to the Mortgage Bankers Association (MBA). . The survey, which includes adjustments to account for the long Fourth of July weekend, shows mortgage applications down 5.4%

Mortgage 363

Mortgage Retail Contracts Inventory 363

Housing Wire

FEBRUARY 23, 2022

Mortgage applications decreased 13.1% 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% retail residential mortgage applications. for the week ending Feb. of total applications last week, from 52.8%

Mortgage 397

Mortgage Retail Contracts Inventory 397

Housing Wire

MARCH 21, 2024

Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S. I’m here to build on our presence in the West by fostering an environment where mortgage loan originators and branch managers can truly thrive.”

Lending 360

Lending Retail Contracts Construction 360

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. retail residential mortgage applications. In addition, adjustable-rate mortgages rose 13.9%

Mortgage 376

Mortgage Loan Officers Investors Government 376

Housing Wire

SEPTEMBER 21, 2022

Demand for mortgage loans increased for the first time in six weeks, ahead of the Federal Reserve ’s meeting on Wednesday, when observers expect at least another 75 basis points hike to the federal funds rate. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week past week.

Mortgage 384

Mortgage Retail Contracts Housing Market 384

Housing Wire

NOVEMBER 9, 2022

Potential homebuyers stayed on the sidelines for mortgages amid the Federal Reserve ’s announcement of another interest rate hike. The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Nov. Mortgage loan application volume plummeted 70.3% The index dropped 41.4%

Mortgage 374

Mortgage Retail Contracts 374

Housing Wire

APRIL 12, 2023

Mortgage rates tumbled downward by nearly 1% last week on the heels of a lackluster jobs report, which helped to spur renewed interest in mortgage loans by potential homebuyers. Overall, mortgage applications increased last week by 5.3% retail residential mortgage applications. from 12% the week prior.

Mortgage 359

Mortgage Retail Housing Market Contracts 359

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. The first transaction is the most important, but we want to make sure we have a relationship with you afterward.

Loan Officers 380

Loan Officers Mortgage Lending Retail 380

Housing Wire

SEPTEMBER 7, 2022

Demand for mortgage loans declined last week as the markets continue to exert pressure on rates. The market composite index, a measure of mortgage loan application volume, fell 0.8% 2, compared to the previous week, according to the Mortgage Bankers Association (MBA). Refinance share of all mortgage activity increased to 30.7%

Mortgage 410

Mortgage Inventory Retail Contracts 410

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. Last week, the U.S. debt ceiling to avoid a default on June 1.

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Housing Wire

AUGUST 24, 2022

Demand for mortgage loans continued to decline last week, remaining at the lowest level in two decades, according to the Mortgage Bankers Association (MBA). The market composite index , a measure of mortgage loan application volume, fell 1.2% It showed the 30-year fixed-rate mortgage decreasing last week to an average of 5.13%.

Mortgage 364

Mortgage Government Retail Contracts 364

Housing Wire

JULY 20, 2022

Weakening economic outlook, high inflation and affordability challenges took a toll on buyer demand, leading to a drop in both purchase and refi applications last week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, declined 6.3% from 4.71% a week prior.

Mortgage 377

Mortgage Retail Contracts Buyers 377

Housing Wire

JUNE 10, 2022

Consumer direct lender Wyndham Capital Mortgage is doing a new round of layoffs, according to a Worker Adjustment and Retraining Notification (WARN) notice filed with the North Carolina Department of Commerce. Purchase mortgage rates reached 5.23% this week – and some of those same lenders are making further cuts.

Mortgage 381

Mortgage Loan Officers Retail Contracts 381

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. Meadow has 25 years of mortgage industry experience.

Contracts 366

Contracts Real Estate Agent Tenants Retail 366

Housing Wire

AUGUST 10, 2022

Mortgage demand remained relatively flat last week amid volatility in mortgage rates in recent weeks. The market composite index , a measure of mortgage loan application volume, rose a marginal 0.2% for the week ending August 5, according to the Mortgage Bankers Association (MBA). MBA’s estimate shows rates rising.

Mortgage 358

Mortgage Real Estate Agent Retail Contracts 358

Housing Wire

APRIL 27, 2022

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. from a year ago. from the prior week and was down 16.6%

Housing Market 384

Housing Market Mortgage Marketing Retail 384

Housing Wire

AUGUST 17, 2022

Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. economy, according to the Mortgage Bankers Association (MBA). . The market composite index , a measure of mortgage loan application volume, fell 2.3% for the week ending Aug.

Mortgage 380

Mortgage Retail Contracts Buyers 380

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. Licensed in 23 states across the country, PrimeLending has 150 branches including satellite and primary retail locations. Companies may be struggling in one way or another.

Loan Officers 356

Loan Officers Marketing Retail Renovations 356