Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers 393

Loan Officers Agents Retail Technology 393

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 393

Mortgage Retail Loan Officers Brokerage 393

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Roomvu is backed by REACH, the venture capital arm of the National Association of Realtors (NAR).

Marketing 411

Marketing Real Estate Agent Tools Realtors 411

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors. But if you’re an originator, that simply means that your target group is now smaller,” said Brian Hale, CEO of Mortgage Advisory Partners. “If

Buyers 393

Buyers Agents Loan Officers Real Estate 393

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 433

Mortgage Buyers Loan Officers Marketing 433

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 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

Buyers 450

Buyers Mortgage Loan Officers Retail 450

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. Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million homes bought and sold in the U.S.

Loan Officers 393

Loan Officers Real Estate Agent Real Estate Finance 393

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. With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory.

Loan Officers 382

Loan Officers Inventory Real Estate Agent Buyers 382

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

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. mortgage industry to fund $4.1 The consumer-price index rose 8.6%

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

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.

Renovations 404

Renovations Realtors Construction Mortgage 404

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Housing Market 302

Housing Market Marketing Loan Officers Buyers 302

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion in sold loans through its direct-to-consumer channel and $9.6 billion from $8.1

Clients 370

Clients Business Inventory Mortgage 370

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 404

Business Loan Officers Clients Inventory 404

Realtor

OCTOBER 16, 2023

“Doing your due diligence can help you avoid some of the most common rookie mistakes, so you come out not only with the home of your dreams, but also a mortgage you can afford.” Here are some common blunders homebuyers make when attempting to secure a mortgage.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% I get people calling me all the time looking for inventory, but we just don’t have any,” he said.

Housing Market 404

Housing Market Marketing Real Estate Agent Real Estate 404

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. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

Clients 393

Clients Agents Buyers Sellers 393

Cornerstone

OCTOBER 5, 2021

As a recent Realtors Confidence Index published by the National Association of REALTORS® (NAR) shows, homes are still selling at a rapid pace — staying on the market for an average of only 17 days. Fall in love with your new mortgage. Though we’re seeing some improvements, housing inventory still hovers around record lows.

Sellers 53

Sellers Loan Officers Inventory New Listings 53

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. To overcome the disparity in my income, my father agreed to be our co-borrower on the mortgage assumption application. We decided to rent a bigger home.

Mortgage 393

Mortgage Marketing Realtors Sellers 393

Cornerstone

FEBRUARY 15, 2022

When the pandemic first hit in early 2020, mortgage forbearance plans were announced, allowing homeowners in crisis to temporarily stop payments. Most homeowners whose forbearance plans are ending appear to have either paid up on their mortgage or have a plan in place from their lender that has enabled them to begin paying again.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S. Low mortgage rates and low for-sale inventory drove the increase in home prices.”.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Cornerstone

JANUARY 7, 2022

Mortgage rates should increase. With more housing inventory to hit the market, the intense multiple offers will start to ease. – Lawrence Yun , NAR’s (National Association of REALTORS®) Chief Economist. Or, use LoanFly to fly into your mortgage. Housing market predictions 2022: Insight from 5 experts. Fly the coop.

Housing Market 52

Housing Market Marketing Sellers Inventory 52

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. Plus, the high demand for housing mixed with low inventory has certainly created many obstacles for borrowers. Despite this, those of us in the mortgage industry are staying alert and vigilant.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Housing Wire

MAY 24, 2022

Over 25 years, this one person has been a mortgage customer of six different mortgage companies, each saving him over $100 per month. For starters, there will be fewer of us — loan officers, banks, brokers. There are fewer mortgage people doing all the work. Mortgages will be easier to do and complete.

Mortgage 424

Mortgage Real Estate Agent Business Loan Officers 424

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Got questions? We’ve got answers.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

JANUARY 18, 2022

Home prices appreciating at record levels, surging equity, tight inventory, and historically low mortgage rates gave homeowners the motivation to move into new homes that better fit their changing, often remote, lifestyles. month supply (inventory) of homes for sale. Get prequalified for your next mortgage from anywhere.

Sellers 49

Sellers Inventory Business Loan Officers 49

Housing Wire

MAY 3, 2023

” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities. ” Ahead of the Fed meeting, mortgage applications picked up this week as rates dropped slightly.

Real Estate Agent 382

Real Estate Agent Inventory Loan Officers Mortgage 382

Cornerstone

JUNE 8, 2021

As the National Association of REALTORS® (NAR) recently reported, there are 410,000 fewer homes listed than there were just a year ago.* Locking in a historically low mortgage rate, while they can. To provide an example, if you sell your home right now, you’re giving a buyer the chance to secure today’s record-low mortgage rates.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Housing Wire

OCTOBER 31, 2023

HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology , about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. As a borrower today, I may have to interact with my Realtor in one place and my lender in another.

Technology 424

Technology Tools Loan Officers Development 424

Cornerstone

APRIL 2, 2021

Mortgage rates reached new lows multiple times, and buyers took advantage of this surge in affordability by snapping up available houses. Buyer activity remains high , and low inventory continues to pose a problem. The majority of realtors ask their sellers to amp up their curb appeal before listing, and we can see why.

Decorating 41

Decorating Buyers Sellers Loan Officers 41

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. Low rates may lower a monthly mortgage payment, making now an ideal — and affordable — time to trade up or downsize. Find a loan officer who cares as much as you do.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Retail 370

Retail Real Estate Agent Business Mortgage 370

Cornerstone

MAY 4, 2021

But today, housing inventory has dropped far below this level: The National Association of REALTORS® (NAR) reports that there’s currently just a 2.1-month Since every home is different, consulting with your agent and your loan officer can set you up for success (and profit) when you’re ready to sell.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

PennyMac

DECEMBER 22, 2020

In order to become an REO property, it must go through these general steps: Loan Default. The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. Foreclosure. 10 Steps to Buying REO Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69