Housing Wire

MARCH 3, 2022

Amid a tough environment for forward mortgage lending, Finance of America is betting on specialty finance & services products – reverse mortgages, investor loans, commercial loans – which are expected to deliver most of the return this year. Margins in the mortgage business declined from 3.88% in 2020 to 2.86% in 2021.

Finance 380

Finance Investors Mortgage Home Improvement 380

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ). Toohig said Raymond James finished the year with some $1.1

Housing Market 368

Housing Market Marketing Contracts Lending 368

Housing Wire

MARCH 25, 2022

Home Mortgage Disclosure Act (HMDA) data, released Thursday by the Consumer Financial Protection Bureau, showed a reshuffle in the top 10 lenders by volume for 2021. Freedom Mortgage Bank of America Homepoint Guaranteed Rate. The two top lenders, Rocket Mortgage and United Wholesale Mortgage , each maintained their positions.

Mortgage 427

Mortgage Lending Home Improvement Investing 427

Housing Wire

AUGUST 2, 2022

The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire. ” Like many competitors, FoA’s traditional mortgage business has been affected by higher mortgage rates. “The market downturn is a reason for the layoffs, for sure.

Marketing 355

Marketing Human Resources Finance Business 355

Housing Wire

AUGUST 4, 2023

Indicators of manufacturing and service sector health remain lackluster, measures of inflation have moved lower, while GDP growth in the second quarter was stronger than expected and consumer spending remains resilient,” said Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan.

Marketing 321

Marketing Construction Renovations Home Improvement 321

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? The same is true for non-qualified mortgages.

Mortgage 359

Mortgage Technology Home Improvement Business 359

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

Mortgage 395

Mortgage Loan Officers Finance Investors 395

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. David Peskin: As we all know, the housing market is booming right now. HW: What are some challenges lenders may face as they introduce reverse mortgage products?

Mortgage 378

Mortgage Clients Business Training 378

Housing Wire

JANUARY 19, 2024

The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans. Tennessee-based community bank Patriot Bank agreed to pay $1.9

Loan Officers 410

Loan Officers Lending Advertising Home Improvement 410

PennyMac

JANUARY 2, 2024

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity.

Home Improvement 36

Home Improvement Renovations Investing Inspection 36

Housing Wire

SEPTEMBER 29, 2022

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . FoA originated $6 billion through the retail mortgage channel from January to June, down 50.7%

Retail 427

Retail Finance Home Improvement Business 427

Housing Wire

OCTOBER 7, 2022

Guaranteed Rate this week walked away from negotiations to acquire Finance of America ’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. It is company policy not to comment on rumors or speculation in the market,” a spokesperson for FoA said.

Retail 380

Retail Finance Home Improvement Mortgage 380

Housing Wire

DECEMBER 1, 2022

Most HELOC programs offered by big banks take on average 66 days to get approval, according to the Mortgage Bankers Association. That is money they’ve earned and saved, and we want to make it as easy as possible to access that for home improvements, debt consolidation, or whatever else they may want to use it for.”.

Renovations 425

Renovations Home Improvement Government Tools 425

Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year.

Investors 349

Investors Modernization Insurance Mortgage 349

Housing Wire

SEPTEMBER 23, 2020

There’s a mainstay in mortgage finance poised to help in working from home. The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. It allows for actual home improvements to complement contemporary lifestyles.

Renovations 543

Renovations Insurance Home Improvement Design 543

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? That compares to a record $4.4

Inventory 461

Inventory Renovations Real Estate Government 461

Housing Wire

NOVEMBER 23, 2021

As home equity reached another record high this year, mortgage companies have a big opportunity to help homeowners understand how to better manage or leverage their home’s equity to improve their housing and overall financial outlook. A recent survey from Bankrate.com found 42% of U.S. Invest in the future.

Investing 417

Investing Home Improvement Home Value Mortgage 417

Housing Wire

FEBRUARY 14, 2023

Managing a profitable mortgage business can be challenging in the best of markets. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. Servicing retention generates servicing fee income and helps servicers improve the customer experience.

Modernization 353

Modernization Insurance Investors Tools 353

Housing Wire

JUNE 10, 2021

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Staging Costs. Bottom Line.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

APRIL 27, 2021

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 of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market.

Finance 370

Finance Lending Retail Renovations 370

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Appraisal Buzz

APRIL 29, 2024

Prior to the 2008 dust-up, this strategy had helped us become a dominant player in our market. What could we do to fortify our business to withstand another market shock in the future? That option evaporated overnight, as many of our clients abandoned those relationships and started using AMCs to distribute their appraisal orders.

Clients 195

Clients Business Appraisal Lending 195

Housing Wire

SEPTEMBER 16, 2021

national increase of existing home sales, we see that, for the fifth year in a row, the largest brokerage firms in the country gained market share. Closed sides were up 15.8% When compared to the 5.6% Sales volume was up an astounding 25.9%. Both of these growth factors are the largest that RealTrends has ever seen in its rankings.

Real Estate 353

Real Estate Business Brokerage Open Houses 353

Appraisal Hub

NOVEMBER 30, 2023

In the bustling real estate market of Toronto, understanding the true value of your residential property is more crucial than ever. Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key.

Appraisal 78

Appraisal Property Taxes Valuation Market Value 78

Housing Wire

AUGUST 14, 2023

Though this would typically signal a time for panic across the residential real estate profession, those who can focus on servicing their clients with a mind for the future will be well positioned for whenever the economics for home buying become more favorable. Provide clients with market updates. Educate and update Stay connected.

Real Estate Agent 331

Real Estate Agent Real Estate Clients Agents 331

Housing Wire

AUGUST 5, 2022

Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Not only would the homeowner incur closing costs, but in most cases, the borrower would also have to stomach a higher rate on the existing mortgage balance.

Lending 393

Lending Home Improvement Home Value Mortgage 393

Housing Wire

OCTOBER 29, 2021

Until recently, mortgage servicing was more about cash-flow math than consumer experience. From where a consumer sits, they spend months in the origination process — 30-90 days on a refi and up to 360 days in a long lead purchase in a market where more than half of deals have bidding wars.

Clients 382

Clients Modernization Home Improvement Technology 382

Housing Wire

APRIL 1, 2022

Patti Cook: When I look back on my time at Salomon Brothers, what drew me to that work and kept me there was the innovation coming to the fixed-income markets during that decade. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

Finance 367

Finance Development Business Tools 367

Housing Wire

AUGUST 31, 2020

The strong foundation at Citadel Servicing is such an ideal situation to build on – growing the people, processes and technology that will fuel the next stage of market leadership. Things move quickly in the mortgage business and that is especially true now as we navigate the COVID-19 pandemic.

Lending 379

Lending Retail Housing Market Home Improvement 379

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 446

Mortgage Loan Officers Inventory Business 446

Housing Wire

MARCH 22, 2023

HousingWire: How is today’s market shaping the need for a better customer experience particularly when it comes to closings? Tom Kriby: Higher interest rates and inflation have exasperated the home affordability issue. We’ve seen savings of up to 30% in difficult markets like Texas and Florida.

Insurance 392

Insurance Property Taxes Buyers Clients 392

PennyMac

JULY 26, 2023

Second mortgages can be a great way to use the equity in your home to free up cash for important needs. Just like any other loan, there are some essential components you should know about second mortgages before you begin the application process. What Is a Second Mortgage? What Can I Use a Second Mortgage for?

Mortgage 36

Mortgage Home Improvement Renovations Lending 36

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Despite continuous caterwauling from the MSM about a crash, home prices around greater Atlanta haven't really moved from a year ago. In fact, some market are ahead of those record highs of '22.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. How is Home Value Measured?

Renovations 117

Renovations Home Value Market Value Valuation 117

Empire Appraisal Group

DECEMBER 28, 2023

NEW YORK – Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer still topped expectations for the quarter. Few people are moving from their homes after locking in ultralow mortgages at or below 3%.

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 391

Mortgage Real Estate Inventory Construction 391

Appraisal Today

MAY 17, 2024

I always do market conditions adjustments (or explain why not) and for views and other factors that significantly add to value. Not for a number, but about marketability. Originally hitting the market in 2022 for $72 million, the estate has seen various price decreases since then. I use Excel and MLS data. baths, 45,000 sq.ft.,

Tools 64

Tools Appraisal Renovations Design 64