Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

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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. There is also the matter of efficiency versus increased lending cost. Why partner with Newrez?

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Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. We’re in an area that’s 90% condo [business], so it’s harder for lenders that don’t know this market to lend here. Buyers seem like they can’t get a break,” Kechian said. “I

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

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Mortgage Marketing Retail Lending 519

Housing Wire

JUNE 4, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. The jumbo market for brokers is back in a huge way.

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Housing Wire

JUNE 15, 2022

. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. . The surprising surge in rates – up from 3% in January to over 6% in June – breathed new life into ARMs on the demand side, especially for loans with large balances. Not a one-size fits all”.

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Mortgage Bracketing Loan Officers Investors 363

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

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Housing Wire

JUNE 24, 2021

As the market moves into a post-refi-boom era, loan officers face tough competition for purchase loans. HousingWire recently spoke with William Tessar, president of Civic Financial Services , about the private lending space and how LOs can benefit from serving real estate investors. .

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Housing Wire

SEPTEMBER 5, 2023

And then closing as fast as possible because we’re still in a tight housing market with tight inventory. SW: Affordable housing initiatives are on the radar of more lenders this year, but your typical loan officer may not have a lot of experience there. SW: AI has really stepped into the spotlight this year.

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Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

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Mortgage Loan Officers Inventory Business 441

Miller Samuel

FEBRUARY 12, 2019

Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market. Studio inventory is up 21% percent. Miller said that real estate investors should stop trying to perfectly time the market (both with rate and supply vs. demand). Real estate) is more of a long-term asset.”.

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Marketing Real Estate Appraisal Sellers 221

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.” There will be changes. There will be some evolution to the rule itself.

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Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. With a deadly combination of the tight housing inventory , reduction in refis and surging mortgage rates, consolidation seems to be the natural path. million in the first quarter of 2022.

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Mortgage Technology Loan Officers Investing 355

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

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Mortgage Loan Officers Valuation Tools 368

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, because their cost structure has to shrink,” Hunsaker said. “So,

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Real Estate Mortgage Marketing Inventory 356

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Customer demand for jumbo loans remains strong, she said, driven by property appreciation, material and labor inflation low inventory in new developments and limited resale listings.

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Marketing Retail Mortgage Investors 332

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. The last two years have been good to Christian Dicker.

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Housing Market Marketing Brokerage Real Estate 420

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.) from June 2022.

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Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. Bank Home Mortgage , said at the MBA Annual convention.

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

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Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. While home inventories remain low, the prospects for first-time buyers diminish. Competition favors institutional investors and households with higher incomes and stellar credit.

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