Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 443

Housing Market Marketing Insurance Mortgage 443

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4%

Mortgage 343

Mortgage Marketing Loan Officers Real Estate Agent 343

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. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. The median existing house price increased 7.7%

Mortgage 419

Mortgage Loan Officers Buyers Inventory 419

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 381

Mortgage Loan Officers Government Buyers 381

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market.

Mortgage 379

Mortgage Loan Officers Investors Government 379

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. As of mid-March, Richards said the company had signed up more than 20 clients with an aggregate total of more than 5,000 mortgage originations.

Loan Officers 387

Loan Officers Clients Mortgage Construction 387

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. United Wholesale Mortgage (UWM) launched the product in August. A year ago at this time, rates averaged 3.14%. Searching for new options.

Mortgage 375

Mortgage Loan Officers Clients Housing Market 375

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 451

Finance Real Estate Agent Real Estate Insurance 451

Housing Wire

DECEMBER 16, 2022

For those of us in the mortgage industry, the next 100 days is meaningful as it will be a period that requires the most focus and greatest amount of perseverance. Dustin Owen Waterstone Mortgage Contributor. The housing market has been in a recession since mid-year 2022. This will pass. We keep our heads down.

Mortgage 393

Mortgage Loan Officers Training Housing Market 393

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

APRIL 13, 2023

Mortgage rates have declined over the last several weeks, and it’s helping to lure buyers back into what started out as a slow spring home buying season, Melissa Cohn, regional vice president of William Raveis Mortgage , said. And, the recent rate declines are sparking optimism among economists and loan officers. “On

Mortgage 367

Mortgage Buyers Housing Market Loan Officers 367

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 363

Buyers Retail Loan Officers Insurance 363

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 441

Mortgage Buyers Loan Officers Marketing 441

Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. How much house can you afford to buy?

Mortgage 421

Mortgage Property Taxes Loan Officers Sellers 421

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. That has contributed to UWM’s competitors taking losses on loans when they can least afford it. Jumbo loan volume increased 3.1% Homepoint’s financial statements tell the story.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

Insurance 369

Insurance Loan Officers Sellers Mortgage 369

Housing Wire

SEPTEMBER 29, 2022

Included in this agenda are also four, breakout sessions that cover different key parts of the housing sector. In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. Housing professionals don’t want to miss this one!

Loan Officers 364

Loan Officers Real Estate Technology Business 364

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.

Marketing 496

Marketing Sellers Finance Loan Officers 496

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Mortgage 306

Mortgage Technology Investors Lending 306

Housing Wire

MARCH 6, 2023

There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. Rising rates will likely scare buyers away from the market, as it makes monthly mortgage payments less affordable, loan officers interviewed by HousingWire said.

Loan Officers 381

Loan Officers Inventory Real Estate Agent Buyers 381

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage. As a novice real estate investor at the time, the market downturn completely wiped me out.

Real Estate 384

Real Estate Realtors Brokerage Business 384

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. I really think they had about three months last year where it was a buyers market in the fourth quarter. in the fourth quarter of 2022.

Marketing 366

Marketing Inventory Loan Officers Buyers 366

Housing Wire

APRIL 5, 2021

And even with fast-rising home prices and an uptick in mortgage rates , 30% of those surveyed said they wouldn’t move to an area with natural disasters or rising sea levels even if home prices were affordable. A growing number of sophisticated investors are also betting that climate change will dramatically impact the housing market.

Buyers 464

Buyers Real Estate Agent Real Estate Brokerage 464

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 395

Clients Agents Buyers Sellers 395

Cornerstone

JANUARY 7, 2022

Now it’s 2022, and both homebuyers and sellers have questions. Will more houses become available? To give you accurate answers, we’ve gone to the source: trusted housing industry experts. Housing market predictions 2022: Insight from 5 experts. Mortgage rates should increase. More sellers should list. “We

Housing Market 52

Housing Market Marketing Sellers Inventory 52

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 450

Mortgage Loan Officers Inventory Business 450

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. 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 ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 355

Real Estate Brokerage Real Estate Agent Technology 355

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. Here’s a closer look at which four factors are creating this never-before-seen market. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 359

Housing Wire

OCTOBER 19, 2022

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability? Supply chain issues, too, are easing.

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Supply Chain Tools Mortgage Marketing 427

Cleveland Appraisal Blog

OCTOBER 14, 2021

At that time, the handful of bad appraisers doing this kind of thing were also getting a lot of business from lenders and mortgage companies, because they were hitting the numbers, while honest appraisers were beginning to lose business. I remember loan officers telling me that I needed to be “creative” with my appraisals. (See

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Inventory Market Value Appraisal Contracts 243

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Cornerstone

MAY 21, 2021

But digging into five mainstream myths about today’s housing market can provide you with more clarity. Along with busting these myths, it’s important to work with a skilled, local loan officer every step of the way, who can help you separate fact from fiction. When the fixed-rate for a mortgage is at 2.75

Real Estate 57

Real Estate Loan Officers Bracketing Sellers 57

Housing Wire

OCTOBER 7, 2022

With mortgage rates on the rise, mortgage professionals have been dealing with their fair share of challenges this year. Williams IV : Mortgage market volatility should not be having a huge impact on quality deal flow if your tech stack is tried and true. utilizing data to help improve deal flow in today’s market?

Housing Market 362

Housing Market Real Estate Agent Marketing Real Estate 362

PennyMac

JANUARY 2, 2024

When you’re buying a house, you have more to consider than just which property to purchase. You’ll need to understand the mortgage process, including if and when you should apply for a rate lock. What Is a Mortgage Rate Lock? What Is a Float-Down Loan Option? When Should You Lock Your Mortgage Rate?

Mortgage 36

Mortgage Contracts Loan Officers Marketing 36

Cornerstone

OCTOBER 5, 2021

With all the activity we’re seeing in the current housing market, homeowners want to know: Is it smarter to sell my house now, or should I wait until next year? Should I sell my house now? 4 things to know about fall’s housing market. This is excellent news if you’re a seller. percent, rising to 3.8

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Sellers Loan Officers Inventory New Listings 53