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. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 452

Inventory Renovations Real Estate Government 452

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients.

Mortgage 314

Mortgage Loan Officers Retail Clients 314

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. If home prices and lending costs moderate in 2024, significant demand could flow into the market.

Bracketing 431

Bracketing Mortgage Lending Inventory 431

Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Mortgage lending is facing the same disproportionate dilemma that technology, in many ways, can make worse.

Lending 306

Lending Marketing Technology Contracts 306

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 429

Mortgage Renovations Appraisal Process Finance 429

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. Serious buyers showed discernment as they know inventory is growing. To that I say, timing is everything in real estate. With only 1.3

Inventory 319

Inventory Lending Real Estate Housing Market 319

Appraisal Buzz

MAY 7, 2024

Strong home price growth – propelled by lack of inventory – pushed U.S. mortgage holders’ tappable equity to a record $11 trillion in March, according to ICE Mortgage Technology’s Mortgage Monitor report. On average, that works out to roughly $206,000 in tappable equity per mortgage holder.”

Inventory 370

Inventory Lending Mortgage Appraisal 370

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending.

Mortgage 344

Mortgage Loan Officers Lending Retail 344

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officers 389

Loan Officers Mortgage Inventory Clients 389

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. With mortgage rates hovering below 3% for over six months now, Sam Khater, Freddie Mac’s chief economist, said this may be a sign of an economy still struggling.

Mortgage 542

Mortgage Lending Training Inventory 542

Housing Wire

FEBRUARY 12, 2024

Amanda Phillips, EVP of Compliance, ACES Quality Management In the current mortgage landscape, ensuring the highest standards of loan quality is paramount not only during the origination process but also over the life of the loan. Amanda Phillips: 2023 was a year of trials and tribulations for financial institutions.

Mortgage 360

Mortgage Technology Inventory Lending 360

Housing Wire

FEBRUARY 24, 2023

Mortgage delinquencies were down across the board in January, with the overall national delinquency rate declining to 3.38%, a drop of 10 basis points from December, according to Black Knight ’s month-end mortgage performance statistics. Inventories that were 90-plus days late on mortgage payments increased largely in Florida.

Mortgage 380

Mortgage Inventory Lending Marketing 380

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). Home lending revenues declined to $3.3

Mortgage 375

Mortgage Lending Retail Business 375

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. We just see a lot of growth opportunities here in terms of building our branch and building our team,” Lotsoff said in an interview with HousingWire.

Loan Officers 372

Loan Officers Mortgage Lending Retail 372

Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Department of Agriculture fell by.1%,

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

AUGUST 28, 2023

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment.

Mortgage 352

Mortgage Retail Loan Officers Construction 352

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. from the week prior.

Mortgage 423

Mortgage Contracts Inventory Lending 423

Housing Wire

JULY 16, 2021

The second big mortgage joint venture announcement this week is a meeting of the Glenns. Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology. Presented by: SimpleNexus.

Mortgage 387

Mortgage Lending Brokerage Agents 387

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. All about the rates. Push for tech.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 320

Housing Market Mortgage Marketing Real Estate 320

Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes.

Mortgage 402

Mortgage Housing Market Inventory Lending 402

Housing Wire

FEBRUARY 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

Lending 334

Lending Renovations Construction Finance 334

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

JULY 12, 2022

Lenders continued to tighten credit standards in June as higher mortgage rates slowed refinance and purchase activity. The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Purchase mortgage rates , measured by the Freddie Mac PMMS Index , were at 5.3%

Mortgage 380

Mortgage Government Inventory Lending 380

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. The roots of racial disparities in housing and mortgage markets run deep. Justice Department charges of fair-lending violations. As with many industries, the mortgage-lending market has increasingly moved online.

Mortgage 498

Mortgage Lending Real Estate Agent Government 498

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire.

Mortgage 307

Mortgage Retail Technology Lending 307

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 355

Mortgage Retail Loan Officers Brokerage 355

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. The monthly Mortgage Credit Availability Index fell by 0.7% last month, according to the Mortgage Bankers Association. Presented by: CreditXpert.

Mortgage 350

Mortgage Government Inventory Lending 350

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 401

Mortgage Buyers Agents Real Estate Agent 401

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 374

Marketing Mortgage Investors Sellers 374

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 339

Mortgage Marketing Investors Lending 339

Housing Wire

JANUARY 28, 2021

The average mortgage rate for a 30-year fixed loan fell four basis points last week to 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. This is the second week mortgage rates have ticked downwards since Jan. The 15-year fixed mortgage rate also shifted downward to 2.2 Presented by: Acra Lending.

Mortgage 414

Mortgage Lending Construction Inventory 414

Housing Wire

MAY 25, 2023

The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. The origination activity will cease effective July 31, 2023, but all outstanding mortgage loans will continue to be serviced in accordance with the terms and conditions of the agreements.

Business 365

Business Mortgage Loan Officers Inventory 365

Housing Wire

JULY 15, 2021

Mortgage credit availability dipped 8.5% in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. “Mortgage credit has not recovered since the sharp downturn in the first half of 2020,” Kan said.

Mortgage 450

Mortgage Government Inventory Lending 450

Housing Wire

DECEMBER 12, 2022

Mortgage rates were on a declining trend in November despite the Federal Reserve ‘s efforts to tame inflation — but lower rates haven’t been enough to convince home buyers to lock in their mortgages rates in this volatile market. Rate lock dollar volume was down 21.5%

Mortgage 378

Mortgage Inventory Lending Investors 378

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

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. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 378

Mortgage Loan Officers Inventory Retail 378