Housing Wire

FEBRUARY 9, 2024

UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. Earlier this month, Fairway — the nation’s ninth-largest mortgage originator — announced a 100% business shift to retail lending. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 448

Contracts Retail Lending Mortgage 448

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 Correspondent channel volume came in at $2.5

Retail 468

Retail Mortgage Contracts Finance 468

Housing Wire

MAY 25, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) marginally fell to 10.4% The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) also dropped slightly to 5.02% from 5.03% a year earlier. from 10.5%

Mortgage 459

Mortgage Contracts Retail Inventory 459

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. and Delaware employees also transitioned to the retail competitor. A Movement representative did not return a request for comments. Additional Maryland, Washington, D.C.,

Retail 448

Retail Contracts Legal Business 448

Housing Wire

FEBRUARY 7, 2024

The new Selling Guide also updates various definitions related to retail mortgage origination, “to remove the references to joint ventures and voting shares,” the update stated. Additional servicing guidance will be published in a new update that is expected on Feb.

Retail 476

Retail Project Management Insurance Landlords 476

Housing Wire

MAY 11, 2022

The average contract interest rate for 30-year-fixed mortgages with conforming loan balances ($647,200 or less) rose to 5.53% this week from the previous week’s 5.36%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) increased to 5.08%, from 4.92% the prior week.

Mortgage 459

Mortgage Contracts Retail Buyers 459

Housing Wire

NOVEMBER 16, 2022

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) dropped to 6.9% retail residential mortgage applications. central bank stops raising interest rates. from the previous week’s 7.14%. Jumbo mortgage loans (greater than $647,200) rose marginally to 6.51% from 6.50%. .

Mortgage 545

Mortgage Retail Contracts Marketing 545

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 334

Retail Mortgage Contracts Loan Officers 334

Housing Wire

JUNE 15, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 36% 2023: 31% 2022: 27% Pending sales Below is our weekly pending contract data on a year-over-year basis to show demand in real time. With more sellers who are buyers, we have a tad more demand this year.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

JUNE 1, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($642,000 or less) fell to 5.33% from 5.46% in the prior week. The average contract interest rate for a 30-year fixed-rate mortgage with jumbo-loan balances (greater than $642,000) also dropped to 4.93% from 5.02% a week earlier.

Mortgage 459

Mortgage Contracts Retail Marketing 459

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business.

Lending 397

Lending Business Retail Client Relationships 397

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.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

JULY 3, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. found that the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) increased by 10 basis points to 7.03% during the week ending June 28.

Mortgage 435

Mortgage Retail Contracts Inventory 435

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 435

Loan Officers Retail Lending Contracts 435

Housing Wire

MARCH 21, 2024

By contract, the country’s top 50 lenders as a whole saw volumes fall by more than 50% during the same period. He will focus on product development and building the company’s retail lending network. Bolstered by its 2022 acquisition of Homepoint ’s delegated correspondent channel, Planet originated $13.9

Lending 447

Lending Retail Contracts Construction 447

Housing Wire

SEPTEMBER 11, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The MBA’s survey showed that the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) decreased to 6.29% last week, down 14 basis points (bps) from the previous week.

Retail 476

Retail Contracts Mortgage Tools 476

Housing Wire

MAY 18, 2022

According to the MBA, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49% this week, down from 5.53% in the previous week. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications. from 10.5% a week earlier.

Mortgage 418

Mortgage Contracts Retail Marketing 418

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 370

Loan Officers Marketing Retail Renovations 370

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 445

Mortgage Law Legal Brokerage 445

Housing Wire

AUGUST 7, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The MBA’s survey showed the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) decreased to 6.55% during the week ending Aug. 2 compared to the previous week.

Retail 476

Retail Contracts Mortgage Government 476

Housing Wire

JULY 25, 2024

Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4

Business 493

Business Retail Contracts Mortgage 493

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 370

Mortgage Retail Lending Law 370

Housing Wire

JULY 17, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. showed that the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) decreased to 6.87% during the week ending July 12, compared to 7% the previous week. of all applications, up from 34.9%

Business 468

Business Mortgage Retail Contracts 468

Housing Wire

SEPTEMBER 25, 2024

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less dropped by 2 bps to 6.13%. retail residential mortgage applications through commercial banks, independent mortgage banks and thrifts. Adjustable-rate mortgages (ARMs) accounted for 5.9%

Mortgage 448

Mortgage Retail Contracts Government 448

Housing Wire

MARCH 6, 2024

million in damages related to a breach of contract claim in a four-year dispute between the companies. He will be responsible for developing a road map to expand Pennymac’s proprietary servicing platform, Servicing Systems Environment (SSE). HousingWire reported in December that an arbitrator awarded Black Knight $155.2

Technology 448

Technology Retail Contracts Tools 448

Housing Wire

JANUARY 30, 2023

It was part of the Atlanta-based mortgage lender’s strategy for developing a retail mortgage sales division. The lawsuit includes allegations of fraud, breach of contract, negligence, intentional interference with prospective economic relations, violations of the Warn Act and defamation, among others.

Loan Officers 493

Loan Officers Retail Contracts Mortgage 493

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 418

Mortgage Contracts Retail Marketing 418

Housing Wire

APRIL 6, 2022

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.90% from 4.80%. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications. The FHA share of total applications dropped to 9.2%

Inventory 448

Inventory Mortgage Retail Contracts 448

Appraisal Buzz

AUGUST 5, 2024

During the second quarter of 2024, the demand for distressed properties at auction displayed strong performance initially but showed signs of decline in June, even as the supply of available auction properties continued to contract, according to Auction.com’s latest Auction Market Dispatch report. “The

Retail 273

Retail Renovations Inventory Contracts 273

Housing Wire

NOVEMBER 23, 2022

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%. The average contract interest rate for 5/1 ARMs increased from 5.73% to 5.78% in the same period, reducing borrowers’ appetite for the product. Presented by: Teraverde.

Mortgage 418

Mortgage Contracts Retail Lending 418

Housing Wire

JUNE 8, 2022

The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,000) rose to 4.90% from 4.93%. year over year. . from 10.8% from 10.2%

Mortgage 418

Mortgage Inventory Contracts Retail 418

Housing Wire

OCTOBER 9, 2024

The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week. retail residential mortgage applications across a variety of independent mortgage banks, commercial banks and thrifts. For the week ending Oct. of all applications, while U.S.

Mortgage 458

Mortgage Government Retail Contracts 458

Housing Wire

DECEMBER 21, 2021

They expect shops with a consumer direct model, which tend to be refi-heavy and rely on call centers for intake, will be more likely than retail shops to cut employees in the months to come. Retail people don’t get laid off as much because they own their book of business.

Loan Officers 468

Loan Officers Retail Business Mortgage 468

Housing Wire

NOVEMBER 29, 2022

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. retail residential mortgage applications. during the same period.

Mortgage 370

Mortgage Contracts Retail Marketing 370

Housing Wire

JUNE 22, 2024

10-year yield and mortgage rates Considering the softness in the economic data last week, with retail sales and housing starts at COVID-19 recession levels, which I wrote about here , the 10-year yield held up well. This contract data will grow if mortgage rates head lower and stay lower.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

NOVEMBER 2, 2022

The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) unexpectedly decreased from the previous week’s 7.16% to this week’s 7.06%. retail, residential mortgage applications. The FHA share of total applications decreased slightly to 13.5%

Mortgage 459

Mortgage Retail Contracts Housing Market 459

Housing Wire

MAY 4, 2022

According to the MBA, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.36% this week, down from 5.37% the previous week, but still 2 percentage points higher than a year earlier. percent, up from 4.89 percent the prior week. from 10.6% from 10.2%.

Mortgage 370

Mortgage Contracts Retail Inventory 370