Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

Loan Officers 433

Loan Officers Mortgage Finance Buyers 433

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. I think it’s already priced in the market.”.

Housing Market 301

Housing Market Marketing Loan Officers Buyers 301

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. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. billion, according to data from Inside Mortgage Finance.

Loan Officers 343

Loan Officers Marketing Retail Renovations 343

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. It’s no longer about just outlasting a bad market for a couple of months. “I Instead of Mary and Bob Smith buying a place, it’s Mary and Bob Smith and Bob’s mom,” said Dominic Carlucci, sales manager at CMG Home Loans. Really struggling.

Loan Officers 403

Loan Officers Mortgage Buyers Finance 403

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. It also enables OJO Labs to continue to add value for agents and loan officers by equipping them to better engage with consumers.

Finance 178

Finance Renovations Loan Officers Agents 178

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 358

Mortgage Loan Officers Clients Housing Market 358

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Modernizing origination to stay competitive in today’s housing market. American Financing Corporation originated $4.13

Loan Officers 396

Loan Officers Modernization Finance Housing Market 396

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. million existing homes on the market in August and would take 3.2 Mortgage rates have nearly doubled to around 6.5% According to the NAR, there were 1.28 About 9.1%

Mortgage 406

Mortgage Loan Officers Buyers Inventory 406

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement.

Mortgage 477

Mortgage New Listings Loan Officers Inventory 477

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. The new program and tool launches come as potential Hispanic home buyers face a tight housing market with historic low level of supply for affordable homes. billion in loans.

Marketing 348

Marketing Tools Loan Officers Finance 348

Housing Wire

AUGUST 31, 2022

With more than 20 years of experience, CreditXpert has rolled with the punches brought on by a turbulent housing market and has excelled at adapting to the industry’s growing digital revolution and shift towards fast fintech solutions. However, CreditXpert isn’t just helping those with lower scores qualify for mortgages.

Mortgage 316

Mortgage Clients Loan Officers Finance 316

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market.

Buyers 350

Buyers Retail Loan Officers Insurance 350

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, The lender’s origination volume increased 25.8% from 2020 to 2021, to $13 billion.

Mortgage 309

Mortgage Loan Officers Retail Construction 309

Housing Wire

APRIL 12, 2023

Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Many are curious about buydowns but we are currently operating in what is still a seller’s market so not seeing many seller-funded buydowns,” a loan officer in Boston noted. from the Midwest, 16.8%

Mortgage 312

Mortgage Marketing Loan Officers Real Estate Agent 312

Housing Wire

SEPTEMBER 7, 2023

The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. The broker channel made up for 16.8%

Retail 386

Retail Loan Officers Business Lending 386

Housing Wire

AUGUST 23, 2023

Loan officers were let go in August as well, according to former employees. billion in the first six months of 2023, according to data from Inside Mortgage Finance. market share, IMF data showed. The company had 2,186 sponsored LOs as of Wednesday, per the National Multistate Licensing System (NMLS).

Human Resources 283

Human Resources Loan Officers Project Management Training 283

Housing Wire

OCTOBER 3, 2023

“Newrez and Newrez Ventures’ commitment to bringing affordable housing to borrowers nationwide continues as Onward’s vast product suite tailors uniquely to the needs of today’s borrowers, from FHA to First Time Homebuyer programs,” Newrez said. A joint venture typically ramps up faster than a traditional mortgage company.

Real Estate Agent 382

Real Estate Agent Mortgage Realty Loan Officers 382

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said. ” Monson said.

Loan Officers 371

Loan Officers Inventory Real Estate Agent Buyers 371

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. housing policy, it is being executed in a very complicated manner.

Loan Officers 340

Loan Officers Insurance Mortgage Real Estate Agent 340

Housing Wire

DECEMBER 18, 2020

Are you thinking of buying a house to rent out on Airbnb? Here’s what you need to know about financing that purchase. Conventional loans. A conventional loan is a smart way to finance an income-earning property. How much house can you afford to buy? A homebuyer’s guide to a competitive housing market.

HOA 457

HOA Finance Investing Loan Officers 457

Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve.

Mortgage 363

Mortgage Loan Officers Lending Business 363

Housing Wire

AUGUST 31, 2023

Encompass Lending Group , a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Elite Financing Group will operate under the umbrella of Cary, North Carolina-based Encompass, which has a presence in the Dallas-Fort Worth area.

Finance 358

Finance Lending Retail Mortgage 358

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said.

Marketing 324

Marketing Mortgage Inventory Loan Officers 324

Housing Wire

DECEMBER 4, 2023

Our goal is to turn loan officers and agents into the first responders of the financial literacy crisis,” said Savage. This tool not only aids in personal financial education but also allows ambassadors to stay connected with new leads.

Tools 394

Tools Loan Officers Real Estate Development 394

Housing Wire

JULY 12, 2021

The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. the housing market in the U.K. market and were surprised to see how we could make it so much better for consumers buying and financing a home for the first time. Like the U.S.,

Brokerage 371

Brokerage Mortgage Loan Officers Finance 371

Housing Wire

MARCH 1, 2021

Want to make sure you’re getting the best deal and making the right choice for your finances? Will we have a buyer’s housing market in 2021? How much house can you afford to buy? There are plenty of other mortgage options out there, too, so be sure to talk to a mortgage broker or loan officer for guidance.

Mortgage 424

Mortgage Loan Officers Real Estate Insurance 424

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 388

Mortgage Loan Officers Finance Investors 388

Housing Wire

MAY 25, 2022

There’s no question that 2022 has seen serious changes to the housing market. Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success.

Lending 365

Lending Investing Loan Officers Design 365

Housing Wire

FEBRUARY 10, 2023

Read on for more about Kechian’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees. Connie Kim : Tell us about your main market. They would take a line of credit or an equity loan or a personal loan. in the fourth quarter of 2022.

Marketing 356

Marketing Inventory Loan Officers Buyers 356

Housing Wire

DECEMBER 22, 2020

They’ll need a small amount of information about your income and finances, and if all looks good, they’ll give you a preapproval letter stating how much money you can likely borrow. Once you find a house, your lender will want to be sure it’s worth the money you’re asking to borrow for it. How much house can you afford to buy?

Mortgage 414

Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. It now roughly now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers.

Valuation 375

Valuation Loan Officers Investors Finance 375

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other. Connect with a local loan officer now.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Housing Wire

MARCH 15, 2023

Mortgage News Daily showed the average 30-year jumbo mortgage rates at 6.15% on Wednesday afternoon, compared to 6.55% for conventional loans. billion in 12 months, through 30 active loan officers and 20 branches, according to mortgage tech platform Modex. The company’s average mortgage loan was about $1.45

Mortgage 335

Mortgage Loan Officers Insurance Business 335

Housing Wire

AUGUST 17, 2023

HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7.18% on Wednesday, compared to 6.98% the previous week. At Mortgage News Daily on Thursday morning, the 30-year fixed rate for conventional loans was 7.34%, up 29 basis points from the previous week. on Wednesday.

Mortgage 339

Mortgage Supply Chain Government Buyers 339

Housing Wire

OCTOBER 6, 2023

billion in production volume in the first half of 2023, according to Inside Mortgage Finance (IMF). NAF was looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business.

Insurance 374

Insurance Brokerage Government Real Estate 374