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 420

Lending Retail Contracts Construction 420

McKissock

SEPTEMBER 5, 2022

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. . Private investors are moving towards investments in the retail sector because of shifts in how consumers behave.

Retail 73

Retail Real Estate Investors Real Estate Agent 73

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 315

Retail Mortgage Contracts Loan Officers 315

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 416

Mortgage Law Brokerage Legal 416

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

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 421

Retail Contracts Legal Business 421

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 421

Technology Retail Contracts Tools 421

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 384

Lending Business Retail Client Relationships 384

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

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 432

Mortgage Contracts Retail Inventory 432

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. Go Mortgage, licensed in 44 states, originates in both the retail and wholesale channels.

Mortgage 370

Mortgage Marketing Retail Construction 370

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

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 432

Mortgage Contracts Retail Buyers 432

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. loanDepot filed the lawsuit on Oct.

Contracts 410

Contracts Legal Retail Training 410

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 432

Mortgage Contracts Retail Marketing 432

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 397

Mortgage Contracts Retail Marketing 397

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 397

Mortgage Contracts Retail Marketing 397

Appraisal Buzz

JANUARY 11, 2022

Aspire Home Loans LLC, an independent mortgage banker, has signed a contract to implement Black Knight Inc. ’s These advanced capabilities will support first mortgages for Aspire Home Loans’ retail lending channel and help enhance the borrower experience, support its employees and help drive business growth.

Retail 195

Retail Contracts Lending Business 195

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 397

Mortgage Contracts Retail Lending 397

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 473

Loan Officers Retail Contracts Mortgage 473

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

Housing Wire

FEBRUARY 15, 2023

Several of Celebrity’s retail businesses transitioned to Luminate Home Loans in December and January, including Neo Home Loans. The company would assume leasing contracts, computers and other assets from the branches. The company has a distributed retail platform, Lamb said.

Retail 284

Retail Loan Officers Contracts Business 284

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 397

Mortgage Inventory Contracts Retail 397

Housing Wire

OCTOBER 26, 2022

retail residential mortgage applications. The survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.16% last week, the highest level since 2001. from the prior week when it reached its 25-year low.

Mortgage 383

Mortgage Retail Contracts 383

Housing Wire

JANUARY 12, 2024

But the retail channel also declined – to $24 billion in 2023 from $64 billion the previous year – due in large part to higher rates. Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space. Meanwhile, volumes declined 42% year over year in the retail branches to $22.4 billion from $4.2

Mortgage 450

Mortgage Lending Retail Business 450

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 421

Inventory Mortgage Retail Contracts 421

Housing Wire

APRIL 5, 2023

retail residential mortgage applications. The MBA data shows the average contract interest rate for a conventional 30-year fixed-rate mortgage ($726,200 or less) fell five basis points from the prior week to 6.40% last week. Overall, mortgage applications declined 4.1%

Government 410

Government Mortgage Housing Market Retail 410

Housing Wire

JULY 6, 2022

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) decreased to 5.74%, from 5.84% the previous week, falling 24 basis points during the past two weeks. retail residential mortgage applications. The seasonally adjusted Purchase Index fell 4.3% from the previous week and 7.8%

Mortgage 384

Mortgage Retail Contracts Inventory 384

Housing Wire

APRIL 1, 2024

A lot of companies don’t necessarily have that [process], especially when you’re dealing with a retail shop,” she said. Parks sees this kind of development as a key differentiating factor for the Longbridge NFS division when compared to competitors. “A

Loan Officers 420

Loan Officers Training Business Retail 420

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 410

Loan Officers Retail Lending Contracts 410

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. Let’s look at the retail industry, for instance. Back in the 80s, more than half of our retail transactions unfolded inside shopping malls.

Retail 397

Retail Real Estate Clients Modernization 397

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 432

Mortgage Retail Contracts Housing Market 432

Housing Wire

JUNE 10, 2022

The company also launched a retail division in July 2021 and hired former Citi executive Karen Mayfield in August to lead the national effort. As the market contracts, originators Interfirst Mortgage Co. Purchase mortgage rates reached 5.23% this week – and some of those same lenders are making further cuts.

Mortgage 397

Mortgage Loan Officers Retail Contracts 397

Housing Wire

NOVEMBER 9, 2022

retail residential mortgage applications. The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) rose to 7.14% from the previous week’s 7.06%. 4 declined 0.1% from the previous week. Mortgage loan application volume plummeted 70.3%

Mortgage 384

Mortgage Retail Contracts 384

Housing Wire

APRIL 12, 2023

retail residential mortgage applications. The MBA shows the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.3% Overall, mortgage applications increased last week by 5.3% The survey, which has been conducted weekly since 1990, covers over 75% of all U.S.

Mortgage 384

Mortgage Retail Housing Market Contracts 384

Housing Wire

APRIL 27, 2022

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 5.37% from 5.20%. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications. The FHA share of total applications increased to 10.6% from 10.1%.

Housing Market 384

Housing Market Mortgage Marketing Retail 384

Housing Wire

NOVEMBER 9, 2022

He added that the company’s executives “expect to materially complete the wind down across both retail and wholesale mortgage channels by the end of this year.” Fraud risk continues to rise even as the market contracts .

Mortgage 397

Mortgage Finance Retail Business 397