article thumbnail

Is the spring housing market about to rebound?

Housing Wire

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. in April 2023, according to the National Association of Realtors (NAR). This article is part of our ongoing 2023 Housing Market Forecast series. million in April.

article thumbnail

How EPM plans to win in the TPO channel after exiting retail

Housing Wire

The Atlanta-based lender has fully exited the retail channel, a change in strategy the company has been preparing for over the past few months. EPM’s CEO Eddy Perez had previously shared plans with HousingWire to double down on wholesale while scaling down its retail footprint. It’s all about the consumer. EPM originated $1.05

Retail 381
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How auction buyer data foreshadows housing market shifts

Housing Wire

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

article thumbnail

Daren Blomquist’s 2023 housing outlook

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Retail 421
article thumbnail

Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Job openings were essentially unchanged at 8.9

article thumbnail

Non-QM lender NewFi launches correspondent lending channel

Housing Wire

The market for non-QMs, which doesn’t meet the Consumer Financial Protection Bureau ‘s requirements for qualified mortgages, only represents about 4% of the first mortgage market, according to CoreLogic. As of the first quarter of this year, market share for the correspondent channel rose to 29.5%

Lending 340
article thumbnail

This growing IMB aims to capture leads through its proprietary tech, not agent referrals

Housing Wire

Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. So that’s something that we’re approaching the market a little bit differently.”