Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. The answer is no!

Inventory 534

Inventory Housing Market Marketing New Listings 534

Housing Wire

JANUARY 18, 2023

Like its competitors, Tennessee-based First Community Mortgage, Inc. (FCM) FCM) reduced the company’s size through 2022 amid a tough mortgage market. “There is certainly optimism in the air as mortgage applications have started to pick up on,” Keith Canter, CEO at First Community Mortgage, said.

Inventory 441

Inventory Mortgage Retail Training 441

Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. .

Inventory 417

Inventory Mortgage Retail Contracts 417

Housing Wire

FEBRUARY 14, 2024

Mortgage demand was weaker last week as interest rates moved higher across the board. Mortgage applications decreased by 2.3% 9, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. Last week, refis comprised 34.2%

Mortgage 388

Mortgage Retail Inventory Marketing 388

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 362

Mortgage Retail Loan Officers Construction 362

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

Mortgage 530

Mortgage Inventory New Listings Sellers 530

Housing Wire

MARCH 6, 2024

The typically busy spring housing market seems to already be at the doorstep despite stubbornly higher mortgage rates. Mortgage applications increased by 9.7% on a seasonally adjusted basis during the week ending March 1, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey.

Mortgage 431

Mortgage Retail New Listings Inventory 431

Housing Wire

FEBRUARY 7, 2024

Mortgage demand picked up last week as lower interest rates steered homebuyers back into the market, but activity remains weaker than a year ago because of limited inventory. Mortgage applications increased by 3.7% Mortgage applications increased by 3.7% The 30-year fixed-rate mortgage averaged 6.63% as of Feb.

Mortgage 446

Mortgage Retail Inventory Marketing 446

Housing Wire

FEBRUARY 28, 2024

Higher interest rates in recent weeks have made a dent in housing activity, bringing down mortgage demand. Mortgage applications decreased by 5.6% 23, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. However, mortgage rates above 7% sure don’t help.” the previous week.

Mortgage 371

Mortgage Retail Inventory Marketing 371

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier.

Mortgage 530

Mortgage Inventory Retail Construction 530

Housing Wire

AUGUST 13, 2023

Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly active inventory grew slowly again and purchase apps were down week to week again.

Mortgage 368

Mortgage Inventory New Listings Retail 368

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 375

Mortgage Retail Loan Officers Brokerage 375

Housing Wire

MARCH 15, 2022

HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? The goal for inventory is to get back to 1.52-1.93 Inventory is about to increase as it always does during this year. Thus nullifying any mortgage yield declines? Back to the inventory crisis. However, we are far from that.

Inventory 406

Inventory Housing Market Retail Marketing 406

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%). The data shows that the bank produced $25.3

Mortgage 403

Mortgage Lending Retail Business 403

Housing Wire

APRIL 4, 2022

South Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a more challenging origination landscape. . compared to the previous year, according to Inside Mortgage Finance. The higher-rate landscape is affecting all mortgage companies.

Mortgage 450

Mortgage Supply Chain Retail Loan Officers 450

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac ’s chief economist in a statement. By contrast, the 30-year was at 5.54% a year ago at this time. “As

Mortgage 320

Mortgage Construction Inventory Investors 320

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 330

Mortgage Retail Technology Lending 330

Housing Wire

MARCH 12, 2023

Mortgage rates fell even though the jobs report was stronger than anticipated. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. As a result, mortgage rates, which climbed as high as 7.05% last week, fell to a low of 6.76% on Friday.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 396

Mortgage Loan Officers New Listings Government 396

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. Steinway left Guaranteed Rate last month, eight years after he returned to the Illinois retail lender in January 2015.

Mortgage 357

Mortgage Loan Officers Lending Retail 357

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 380

Loan Officers Retail Finance Buyers 380

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Purchase mortgage rates, after hitting a 13-year high of 5.27% in May, fell for three consecutive weeks, according to the Freddie Mac PMMS. of total applications.

Mortgage 397

Mortgage Inventory Contracts Retail 397

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. Last week, the U.S. of total applications last week from 6.5%

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Housing Wire

NOVEMBER 8, 2023

California lender Guild M o rtgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory. We have remained consistent with our strategy of growing market share in the retail purchase mortgage market while retaining the servicing of those loans. Guild reported a $54.2

Retail 402

Retail Inventory Mortgage Valuation 402

Housing Wire

SEPTEMBER 7, 2022

Demand for mortgage loans declined last week as the markets continue to exert pressure on rates. With the 30-year fixed-rate hovering above the 6% level again , there’s no sign of a rebound in applications yet, despite a robust job market and growing housing inventory. Refinance share of all mortgage activity increased to 30.7%

Mortgage 410

Mortgage Inventory Retail Contracts 410

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8% in the same period. .”

Buyers 371

Buyers Mortgage Marketing Inventory 371

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

Mortgage 425

Mortgage Contracts Retail Inventory 425

Housing Wire

MAY 10, 2023

The expectation that the Federal Reserve might be done with hiking rates spurred the mortgage market last week. The MBA data shows that mortgage applications increased 6.3% retail residential mortgage applications. Borrowers’ demand followed a decrease in mortgage rates. bps to 5% to 5.25%. the prior week.

Mortgage 374

Mortgage Retail Inventory Buyers 374

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 380

Loan Officers Mortgage Lending Retail 380

Housing Wire

NOVEMBER 10, 2023

Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I I think we were up right around 15% increase in the number of initial mortgage applications. What’s going on with mortgage rates?

Mortgage 430

Mortgage Inventory Marketing Retail 430

Housing Wire

JULY 6, 2022

Fewer applications show borrowers’ demand for mortgage loans fell this week, despite a decline in rates due to concerns of an economic recession, according to the Mortgage Bankers Association (MBA). . The survey, which includes adjustments to account for the long Fourth of July weekend, shows mortgage applications down 5.4%

Mortgage 363

Mortgage Retail Contracts Inventory 363

Housing Wire

APRIL 12, 2023

Mortgage rates tumbled downward by nearly 1% last week on the heels of a lackluster jobs report, which helped to spur renewed interest in mortgage loans by potential homebuyers. Overall, mortgage applications increased last week by 5.3% retail residential mortgage applications. from 12% the week prior.

Mortgage 359

Mortgage Retail Housing Market Contracts 359

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. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage. higher than last year.

Mortgage 383

Mortgage Loan Officers Inventory Retail 383

Housing Wire

FEBRUARY 23, 2022

Mortgage applications decreased 13.1% 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% retail residential mortgage applications. for the week ending Feb. of total applications last week, from 52.8%

Mortgage 397

Mortgage Retail Contracts Inventory 397

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

MAY 8, 2023

In the first quarter of 2023, California-based lender Guild Mortgage , which announced a leadership transition in March, continued to face pressures from high mortgage rates and low inventory levels – just like its peers. Guild, the purchase-focused lender with a distributed retail model, delivered a $37.2 ”

Retail 364

Retail Inventory Mortgage Business 364

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 344

Housing Market Mortgage Marketing Real Estate 344