Housing Wire

FEBRUARY 9, 2023

The company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans. Most of the originations were conventional and purchase loans. Most of the originations were conventional and purchase loans.

Mortgage 341

Mortgage Retail Loan Officers Lending 341

Housing Wire

OCTOBER 10, 2022

“Angel Oak Home Loans continues to serve homebuyers across the country and maintains staffing levels to meet the changing dynamics of the residential mortgage market.”. According to the mortgage data platform Modex , Angel Oak Home Loans originated a total volume of $2.44 of the volume consisted of conventional loans and 54.1%

Retail 333

Retail Loan Officers Mortgage Government 333

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. In industries where the government is just waiting for someone on your team or extended team to make a mistake, this doesn’t work as well. It’s the sprint that can really set lenders apart.

Mortgage 409

Mortgage Technology Tools Business 409

Housing Wire

NOVEMBER 10, 2022

The transaction follows Angel Oak Home Loans slashing 15% of its workforce, or 57 employees, in October. billion in volume in the last 12 months through 156 active loan officers and 39 branches, according to mortgage data platform Modex. Of the total volume, conventional loans accounted for 85.7% The lender originated $2.32

Retail 299

Retail Loan Officers Investors Lending 299

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 440

Mortgage Loan Officers Inventory Business 440

Housing Wire

MAY 25, 2021

Like VA loans, which are popular with investors but not homesellers , the benefit would allow the borrower to skip the down payment altogether. Samuel Royer, the national director for Heroes First Home Loans at Churchill Mortgage and a veteran, came up with the idea for the program, to acknowledge first responders’ sacrifices, he said.

Finance 464

Finance Insurance Loan Officers Government 464

Housing Wire

MARCH 31, 2022

BH: There’s no question that non-QM is more difficult to originate than conforming or government loans, so many mainstream brokers and loan officers have been reluctant in the past to offer these products. And investor guidelines are continually evolving. But, as we’ve noted, necessity is changing this.

Marketing 325

Marketing Investors Technology Loan Officers 325

Housing Wire

AUGUST 17, 2023

According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation. 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.

Mortgage 336

Mortgage Supply Chain Government Buyers 336

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Borrowers were not comfortable turning over their credentials to loan officers or processors.

Technology 441

Technology Mortgage Investors Investing 441

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. The hiring trend at non-QM lenders stands in sharp contrast to recent layoffs at some consumer-direct lenders, which specialize in conventional refinance loans. trillion in 2022.

Lending 322

Lending Loan Officers Real Estate Mortgage 322

Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

Marketing 418

Marketing Law Government Mortgage 418

Housing Wire

OCTOBER 6, 2022

“The jumbo rates are offering an excellent opportunity in terms of where they are now compared to the conventional ones, especially jumbo ARMs,” a South Carolina retail loan officer told HousingWire. The government is trying to choke this off.”. Fannie Mae and Freddie Mac don’t have a lot of appetite right now.

Mortgage 358

Mortgage Marketing Loan Officers Retail 358

Housing Wire

MAY 29, 2024

In the mortgage space, loan officers, brokers and lenders are trying to figure out the best way to deal with this type of debt amid what they call a lack of guidance or transparency. The government-sponsored enterprises Fannie Mae and Freddie Mac , which account for about two-thirds of the mortgages originated in the U.S.,

Mortgage 356

Mortgage Clients Sellers Loan Officers 356

Housing Wire

MAY 3, 2023

I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 393

Agents Real Estate Agent Brokerage Real Estate 393

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. “We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Abate: There are a couple of things investors care about.

Investors 320

Investors Investing Mortgage Real Estate 320

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Reducing government-insured and guaranteed mortgage loan fees.

Insurance 371

Insurance Construction Government Lending 371

Housing Wire

MARCH 15, 2022

He’s outspoken on his view that the government-sponsored enterprises exist to serve markets that are not well-served by the private sector, and he has some suggestions for how they might accomplish that mission. Government agencies have been looking at that for a while. That’s why the government is in that space.

Government 320

Government Insurance Finance Investing 320

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. They are specialists when it comes to buying and servicing government loans. But, as mentioned, history has demonstrated that refis go up and down in dramatic swings.

Lending 399

Lending Loan Officers Business Investors 399

Housing Wire

MAY 25, 2022

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. As government regulations constantly shift, keeping on top of and adhering to these changes can become a time-consuming task.

Lending 362

Lending Investing Loan Officers Design 362

Housing Wire

NOVEMBER 29, 2021

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. billion, compared to $49.69

Loan Officers 416

Loan Officers Supply Chain Mortgage Marketing 416

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. Liquidity had dried up and bond investors were running for the hills. At that point, Dodson was actively working on a jumbo loan for friends of his from church. We have the bank statement program, jumbo loans.

Business 424

Business Mortgage Investors Loan Officers 424

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. It’s been a racist part of the government that doesn’t care, because its view was: if you’re going to make safe loans, you should make them to white people.”

Lending 355

Lending Government Law Mortgage 355

Housing Wire

SEPTEMBER 15, 2020

Digital notary platform Notarize also closed on a $35 million Series C round of funding in March, raising a total of $82 million with investments from real-estate focused venture capital firm Camber Creek , Boston-based Polaris Partners , and other existing strategic investors.

Business 454

Business Law Real Estate Investors 454

Housing Wire

FEBRUARY 8, 2022

Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. Non-QM loans typically make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or otherwise fall outside agency credit guidelines.

Marketing 343

Marketing Retail Lending Mortgage 343

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 325

Real Estate Brokerage Real Estate Agent Technology 325

Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) But what explains this market’s decline?

Insurance 324

Insurance Mortgage Clients Lending 324

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . The massive amount of government stimulus is helping buoy the economy. Source: The July 2020 Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices.

Lending 148

Lending Construction Tenants Real Estate 148

Miller Samuel

FEBRUARY 12, 2019

Miller said that real estate investors should stop trying to perfectly time the market (both with rate and supply vs. demand). Perfect timing is a concept that was born out of the housing bubble, he said, when investors viewed housing as a highly liquid stock, instead of in its proper context.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

PennyMac

MARCH 20, 2023

A conventional loan doesn’t have to be guaranteed or insured by the federal government, but it does adhere to Fannie Mae and Freddie Mac guidelines in most cases. A conforming loan, on the other hand, describes a certain set of characteristics, mainly loan amount, contained within a home loan.

Government 36

Government Insurance Loan Officers Mortgage 36

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Freddie Mac works with a network of lenders across the country to purchase conventional mortgages and package them into securities that are sold to investors.

Government 36

Government Housing Market Mortgage Investors 36

Assurance Financial

NOVEMBER 28, 2023

Local governments assess property taxes to fund public services like schools, fire and police departments and the public works departments that maintain municipal infrastructure. The government requires these taxes annually, but homeowners typically pay them in monthly installments as part of their mortgage payments.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

PennyMac

FEBRUARY 13, 2024

The loans that most often qualify for assumption are VA and FHA loans, which are backed by the federal government. New 30-Year FHA Mortgage Assumable FHA Mortgage Savings Principal Loan Balance $222,692 $203,249 N/A Interest Rate 6.25% 2.5% Total Loan Cost (principal +interest) $493,615.06 $273,543.07 $220,071.99

Mortgage 53

Mortgage Sellers Buyers Finance 53

Appraisal Today

JANUARY 12, 2024

They are risky for the lender and its investors. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? They have always been available, mostly for short-term financing and borrowers with poor credit or no credit history.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

PennyMac

SEPTEMBER 9, 2020

FHA loans typically have more flexible lending guidelines than other investors. FHA typically offers down payments as low as 3.5%, however, FHA requires mortgage insurance regardless of your loan to value. Fannie Mae’s HomeReady® Mortgage. Home Buying Help For Military Members and Veterans.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

PennyMac

JUNE 28, 2022

Some borrowers, like investors, commonly take out the maximum amount of funds and pay it off several times over. Any other payments made on the principal loan during this time will lessen the amount you have to pay back during the repayment period. The draw period is usually between 5 and 15 years. Tax deductions. Disadvantages.

Home Improvement 36

Home Improvement Contracts Renovations Mortgage 36