Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

Housing Market 320

Housing Market Marketing Agents Real Estate 320

Housing Wire

SEPTEMBER 11, 2023

Target buyers for Cliffco include non-traditional buyers seeking investor loans. On the non-QM side, only 3% of the market has been penetrated. The lender has about 80 loan officers and aims to hire up to 100 in states. The market is retracting but it’s the best time to build,” Watanasuparp said.

Loan Officers 365

Loan Officers Agents Retail Technology 365

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? from the week prior.

Mortgage 357

Mortgage Loan Officers Investors Government 357

Housing Wire

SEPTEMBER 5, 2023

First, Lind said, it is important to note that nearly 50% of non-QM production right now is investor loans. There are a lot of very strong tailwinds with investors understanding there is a shortage of somewhere between three and five million homes in the U.S. We increased our liquidity and found more buyers for our loans.

Marketing 321

Marketing Loan Officers Lending Brokerage 321

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. But for loan professionals, relief doesn’t pay the bills. million to 1.93

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. He described today’s non-QM market as a “very large bucket.”.

Loan Officers 440

Loan Officers Lending Mortgage Housing Market 440

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 349

Mortgage Loan Officers Clients Housing Market 349

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. Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.

Mortgage 439

Mortgage Loan Officers Inventory Business 439

Housing Wire

JULY 7, 2022

Black Knight reported that May was the least affordable housing market in 16 years. For the first time in three years, we have seen an increase in homes on the market and price reductions. In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings.

Inventory 390

Inventory Marketing Mortgage Supply Chain 390

Housing Wire

AUGUST 23, 2023

Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. ” The housing market According to Ratiu, viewed from the perspective of the past 20 years, the current 30-year fixed mortgage has high watermark rates. When asked why U.S.

Mortgage 357

Mortgage Loan Officers Inventory Housing Market 357

Housing Wire

OCTOBER 6, 2021

Better also expects this trend to continue, telling investors in the filing that gain-on-sale levels will remain “depressed through 2021 relative to the levels of the quarter ended March 31, 2021.”. Better’s workforce of loan originators is entirely in-house and does not work on commission, a rarity in the mortgage world.

Insurance 400

Insurance Investors Real Estate Loan Officers 400

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” Tozer suggested “a fee of 1.3%

Mortgage 363

Mortgage Loan Officers Government Buyers 363

Housing Wire

APRIL 7, 2021

And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. points to 81.7. Real estate agents and LOs: the great collaboration.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA). during the same time.

Mortgage 382

Mortgage Construction Lending Real Estate 382

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. The jumbo market for brokers is back in a huge way. At this time last year, only two homes had been sold in Austin for more than $300,000 above asking price. Presented by: Rocket Pro TPO.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

NOVEMBER 10, 2020

According to the memo, the company has now raised a total of $410 million, with investors in this round that included Activant Capital , Ally Financial , American Express Ventures , Ping An and 9Yards Capital. It now roughly now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers.

Valuation 371

Valuation Loan Officers Investors Finance 371

Housing Wire

NOVEMBER 17, 2022

Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. Offering non-QM loans provides access to those millions of borrowers who want mortgages but are unable to qualify for a traditional loan.

Lending 301

Lending Investors Real Estate Agent Loan Officers 301

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. .” Real estate agents and LOs: the great collaboration.

Buyers 432

Buyers Real Estate Agent Real Estate Brokerage 432

Housing Wire

JULY 15, 2022

This week’s HW+ member spotlight features Brian Gubernick, chief real estate officer at Homeward. He has more than 15 years of industry experience, holding multiple positions in the industry including being an investor, team owner/leader, brokerage operating partner, coach and trainer and corporate executive.

Real Estate 353

Real Estate Realtors Brokerage Business 353

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 367

Business Loan Officers Clients Inventory 367

Housing Wire

DECEMBER 18, 2020

How much house can you afford to buy? A homebuyer’s guide to a competitive housing market. Is 2021 a good time to buy a house? If you plan to use the property as an investment (you’ll have to indicate so on your loan application), then you could face more stringent qualifying requirements. Hard money loans.

HOA 457

HOA Finance Investing Loan Officers 457

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. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgage 385

Mortgage Loan Officers Finance Investors 385

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. Why partner with Newrez?

Lending 356

Lending Investing Loan Officers Design 356

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. trillion residential mortgage market. 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.

Brokerage 360

Brokerage Mortgage Loan Officers Finance 360

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 313

Investors Investing Mortgage Real Estate 313

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 350

Mortgage Bracketing Loan Officers Investors 350

Housing Wire

MARCH 2, 2023

Investors are expecting inflation to remain elevated for longer, requiring the Federal Reserve to keep increasing its policy rate. The Fed signaled that it sees its monetary tightening having an effect on price growth, but with a strong employment market, wages keep consumers spending.

Mortgage 429

Mortgage Buyers Loan Officers Marketing 429

Housing Wire

JUNE 1, 2023

Hunsaker said the interest rate that IMBs need to charge the borrowers “in order for them to securitize [loans through the agencies] and make a profit has to be pretty darn high, to the point where it’s going to drive down volume.” “So, And I think that’s a recipe for a healthier housing market.”

Real Estate 332

Real Estate Mortgage Marketing Inventory 332

Housing Wire

APRIL 30, 2021

In 2021, SitusAMC, a provider of technology and services to the real estate finance industry, acquired ReadyPrice, a mortgage technology company that connects mortgage loan originators (MLOs) and lenders to streamline loan origination. A solution for the secondary market. A benefit to brokers and lenders.

Mortgage 302

Mortgage Technology Investors Lending 302

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. And it doesn’t.

Business 423

Business Mortgage Investors Loan Officers 423

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 329

Mortgage Supply Chain Government Buyers 329

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. Kechian : Individual loan officers mostly, [and] no other teams besides mine. As a branch we did $1.5

Marketing 350

Marketing Inventory Loan Officers Buyers 350

Housing Wire

DECEMBER 15, 2021

It also means we have to get back to the basics of building relationships with our clients and being their loan adviser for life instead of treating them as transactional customers. Loan officers and brokers need to reconnect with past clients and show their value. That value lies primarily in our knowledge and expertise.

Finance 335

Finance Construction Law Inventory 335

Housing Wire

SEPTEMBER 5, 2023

It’s so important in this market that when a buyer puts an offer on a home, it’s 100% clear that financing is available and ready to support the purchase. And then closing as fast as possible because we’re still in a tight housing market with tight inventory. But I think there’s a dynamism in the U.S.

Technology 333

Technology Mortgage Tools Insurance 333

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 ). LLR is not a newcomer to mortgage technology or the overall fintech market. Hey Clayton …” and a link. Jobs are important. We must innovate.

Real Estate 318

Real Estate Brokerage Real Estate Agent Technology 318

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. Programs to scale up affordable housing. in 2001 to 44.8% Prices continue to rise.

Insurance 367

Insurance Construction Government Lending 367

Housing Wire

DECEMBER 30, 2022

At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. This also means the LOs who don’t have the tech to bring in sales or a strong partnership with Realtors will have to take on more loans with reduced compensation to make ends meet. .

Renovations 377

Renovations Realtors Construction Mortgage 377