Housing Wire

MARCH 8, 2024

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. trillion in residential mortgage debt as of first-quarter 2023. banks moved away from commercial real estate lending. FDIC), banks held $2.78

Real Estate 462

Real Estate Insurance Lending Retail 462

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 352

Housing Market Mortgage Marketing Real Estate 352

Housing Wire

FEBRUARY 10, 2023

Nashville, Tennessee-based mortgage lender Guaranty Home Mortgage Corporation (GHMC) has rolled out its new borrower online application portal, GAssist. The portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. The company had production volume of $148.76

Retail 369

Retail Tools Loan Officers Design 369

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. The LOS is a foundational piece of technology for every lender.

Technology 395

Technology Design Lending Real Estate Agent 395

Housing Wire

MARCH 1, 2021

Fred Bolstad, executive vice president of retail lending at U.S. Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bank Home Mortgage, Bolstad is responsible for over 4,000 employees, including nearly 1,400 mortgage loan officers.

Retail 392

Retail Lending Loan Officers Technology 392

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. ” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

Loan Officers 352

Loan Officers Retail Lending Investing 352

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 483

Mortgage Government Retail Lending 483

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 370

Finance Lending Retail Renovations 370

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. However, in the most challenging mortgage market in over a decade, Impac’s equity reached a negative $11.6 million in stockholder equity.

Brokerage 347

Brokerage Retail Lending Design 347

Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release.

Retail 424

Retail Loan Officers Mortgage Design 424

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 368

Loan Officers Retail Real Estate Agent Real Estate 368

Housing Wire

APRIL 24, 2023

United Wholesale Mortgage (UWM) has moved to dismiss an amended counterclaim filed by broker shop America’s MoneyLine (AML) that accuses the lender of antitrust practices regarding the “ultimatum” it imposed two years ago. A spokesperson for UWM said the company had no comment. Any broker who did so would face fines.

Legal 357

Legal Law Retail Brokerage 357

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

MARCH 25, 2021

The Tuesday filing shows that loanDepot, the nation’s second-largest retail lender, originated $25.1 ” LoanDepot’s falling profit margins follows a broader trend for mortgage lenders – while origination volumes are strong, interest rates are up 42 basis points since the quarter began to 3.09%, taking a bite out of profits.

Retail 483

Retail Mortgage Design Business 483

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. It just seemed so awesome working at a company that just came public.”

Mortgage 387

Mortgage Lending Business Technology 387

Housing Wire

JANUARY 12, 2021

to Acra Lending, the company has also launched a new jumbo prime program. Keith Lind, Acra Lending executive chairman and president. We have been working non-stop to provide programs through our retail, wholesale and correspondent channels, which have significant demand in the marketplace. Kyle Gunderlock, Acra Lending CEO.

Lending 301

Lending Development Retail Design 301

Housing Wire

FEBRUARY 26, 2021

Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage. Patterson has led Homepoint’s third-party originations business since 2015.

Design 219

Design Retail Technology Lending 219

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. Three loan officers at three different retail lenders described it as a feature of their lender’s business model. It was late 2022 and Mike was feeling the pressure.

Loan Officers 449

Loan Officers Clients Law Legal 449

Housing Wire

APRIL 16, 2023

Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. Mortgage rates didn’t move too much last week but ended the week on a higher note at 6.50%.

Inventory 536

Inventory Housing Market Marketing New Listings 536

Housing Wire

MARCH 24, 2021

A week after the deadline to pick sides in United Wholesale Mortgage ‘s “all-in” ultimatum to mortgage brokers, Fairway Independent Mortgage is speaking out. Then you might as well just go work for UWM retail. “I would say it’s in every mortgage broker agreement. .”

Real Estate Agent 382

Real Estate Agent Retail Real Estate Design 382

Housing Wire

NOVEMBER 29, 2023

Assessing key performance indicators and operations during current industry headwinds is a great way for mortgage lenders to set themselves up for success now and in the future. All of these features come together to help lenders achieve operational efficiencies across their entire business for every lending channel.

Technology 392

Technology Mortgage Lending Business 392

Housing Wire

MARCH 7, 2023

Cloud-based mortgage CRM OptifiNow has launched a version of its CRM platform called OptifiNow Flex, which is designed to support multi-channel mortgage teams. The same month, the company implemented its TPO CRM platform with Plaza Home Mortgage to leverage CRM tools to improve sales performance and marketing efficiency.

Mortgage 369

Mortgage Tools Retail Design 369

Patch of Land

AUGUST 31, 2018

It speaks to the growing interest in automation and artificial intelligence in the lending industry. When mortgage professionals gather for an industry conference it’s usually not long before someone jokes (or moans) about how slow the industry moves when it comes to adopting new technology. Written by Patch's CMO, Robert Greenberg.

Lending 28

Lending Technology Retail Mortgage 28

Appraisal Today

JULY 28, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, USPAP and Bias, Fannie changes, unusual homes, mortgage origination Futuristic in Folsom, CA, near Sacramento for $2,395,000 4bed 4.5+bath Varies widely around the country. == Mortgage applications decreased 1.8 year-over-year.

Appraisal 79

Appraisal Contracts Mortgage Clients 79

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? With only one owner, the.47-acre

Appraisal 66

Appraisal Real Estate Contracts Design 66

Appraisal Today

APRIL 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 Private Money Lending – fast turn times, high fees.

Appraisal 67

Appraisal Contracts Valuation Design 67

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = Built in 2014, the six-bedroom estate was designed to resemble an English manor. and Conditionality.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. This kept appraisers busy. Everyone was buying now.

Appraisal 68

Appraisal Inspection Modernization Business 68

Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 9.4 baths, 4,000 sq.ft.,

Appraisal 74

Appraisal Contracts Legal Business 74

Housing Wire

JANUARY 28, 2021

Mortgage Tech Demo Day. HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely. billion in 2018 and at one point had a retail operation. It’s a phenomenal rise for a lender that originated just $10.6

Retail 531

Retail Lending Valuation Mortgage 531

Appraisal Today

APRIL 14, 2023

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. Browse the following resources designed to help you avoid common appraisal errors and violations. Here are two: 1.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. It also represents yet another sweetener designed to convince brokers to choose them over rival United Wholesale Mortgage.

Real Estate Agent 381

Real Estate Agent Finance Retail Mortgage 381

Appraisal Today

JULY 14, 2023

To read click here Short video (2 minutes): Future of Condo Lending. Hearst was introduced to Julia Morgan by his tycoon father, William Randolph Hearst, who’d previously hired the architect to design his now-iconic Hearst Castle in San Simeon in 1919. of their household income on their mortgage payments. Plus other FAQs.

Tools 76

Tools Appraisal Insurance Contracts 76

Housing Wire

FEBRUARY 8, 2024

For the past three decades, I have been a fierce advocate for mortgage servicing innovation, that supports the industry’s forward momentum while increasing operational efficiency and exceeding customer expectations along the way. And what fuels my excitement is our customers’ reactions when that innovation comes to fruition.

Design 376

Design Retail Technology Tools 376

Appraisal Today

FEBRUARY 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC layoffs, adjustments, your business voicemail, unusual homes, mortgage origination stats, etc. == 11 of the Most Remote Homes in the World From the “Loneliest House in the World” to the smallest inhabited island, these homes are as beautiful as they are secluded.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century.

Appraisal 52

Appraisal Contracts Inspection Clients 52