Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts.

Mortgage 364

Mortgage Marketing Retail Construction 364

Housing Wire

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. Right now, we have 200 different investors.”

Loan Officers 410

Loan Officers Mortgage Retail Lending 410

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Price Correction Risk by Region.

Buyers 425

Buyers Housing Market Marketing Investors 425

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 378

Housing Market Renovations Marketing Retail 378

Housing Wire

FEBRUARY 15, 2024

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. So we’ll look for him to leverage his relationships into access to investors. portfolio of more than 150 retail centers. “We Shant has an incredible network.

Realty 363

Realty Loan Officers Retail Real Estate 363

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Cook said margins are declining because the company is originating more through the wholesale channel than the retail division.

Finance 379

Finance Investors Mortgage Home Improvement 379

Housing Wire

APRIL 14, 2022

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

APRIL 30, 2024

If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. Universal president and industry veteran TJ Kennedy leads its retail and wholesale channels. Founded in Denver in 1981, Universal added 60 loan officers to Lower.

Retail 403

Retail Loan Officers Lending Mortgage 403

Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. At the same time, the data suggests several benefits for early adopters.

Property Management 378

Property Management Marketing Real Estate Technology 378

Housing Wire

OCTOBER 11, 2023

When we think about the market that we’re today, then to the extent that we can diversify versus utilizing our capital to continue to grow our platform; doing fee-based business on a sub-servicing perspective; helping customers stay in their homes; and helping MSR owners or MSR investors service the asset that they own.

Retail 439

Retail Business Real Estate Investors 439

Housing Wire

SEPTEMBER 20, 2022

It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger. How new solutions are reinventing secondary market access for local lenders. The post How one small lender is navigating the turbulent market appeared first on HousingWire. and Sprout Mortgage.

Marketing 360

Marketing Investors Retail Mortgage 360

Housing Wire

MARCH 6, 2024

“CMG’s financial wellness approach wins over each customer with a seamless combination of experienced human advisors and easy-to-use digital tools,” said Paul Akinmade, CMG’s financial chief marketing and strategy officer. The company has been aiming to grow its market share in originations through mergers and acquisitions.

Loan Officers 365

Loan Officers Retail Tools Investors 365

Housing Wire

SEPTEMBER 11, 2023

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. Target buyers for Cliffco include non-traditional buyers seeking investor loans. Are they a warm lead, hot lead, cold lead?

Loan Officers 390

Loan Officers Agents Retail Technology 390

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 362

Marketing Retail Lending Mortgage 362

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Last week, the U.S. in March compared to a year earlier.

Mortgage 450

Mortgage Retail Buyers Investors 450

Housing Wire

DECEMBER 8, 2023

Employers picked up the hiring pace in November, shaking investors’ confidence in the Federal Reserve ’s likelihood of cutting interest rates in 2024. Inflation is declining, but further declines are likely dependent upon some slowing in the job market. Meanwhile, employment in retail trade declined. in October.

Retail 386

Retail Government Investors Marketing 386

Housing Wire

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. retail residential mortgage applications. ” Who is jumping into the market? “We’re seeing a lot more investors enter the market to secure a better deal while competition is low,” Fullmer said. .

Mortgage 378

Mortgage Loan Officers Investors Government 378

The Robert Weiler Company

SEPTEMBER 23, 2021

For commercial real estate companies and investors, looking at wide-ranging commercial property sectors, doing so can be an overwhelming (not to mention stressful and time-consuming) experience. Swimming in Success: Restaurant and Retail Space. Granted, this could be a challenge in the priciest of markets in the largest cities.

Retail 158

Retail Real Estate Business Training 158

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential. Six months after raising $3.5

Mortgage 369

Mortgage Investors Retail Investing 369

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

Loan Officers 367

Loan Officers Retail Real Estate Agent Real Estate 367

Housing Wire

MARCH 29, 2024

In 2023, Doma sold off its retail operations in Florida , the Midwest , Central and Northern California , and Texas and made a major pivot in its business strategy. Its most recent endeavor is Upfront Title , launched during the third-quarter earnings call with investors and analysts. million for the entire year.

Insurance 385

Insurance Technology Real Estate Investing 385

Housing Wire

OCTOBER 6, 2022

“The jumbo rates are offering an excellent opportunity in terms of where they are now compared to the conventional ones, especially jumbo ARMs,” a South Carolina retail loan officer told HousingWire. With the stock market down, people don’t want to lock in their losses by selling off their investments to buy a house in cash,” the LO said.

Mortgage 368

Mortgage Marketing Loan Officers Retail 368

Housing Wire

OCTOBER 14, 2020

A conversation on mortgage capital markets wouldn’t be complete without data. Richard Koss of Recursion will set the stage with data on how capital markets participants are driving channel growth with data specific to retail, correspondent and brokered loan volume. Watch the full session below.

Marketing 212

Marketing Retail Inspection Investors 212

Housing Wire

OCTOBER 9, 2020

Changes to capital markets have been fast and furious over the last year in housing. It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.”

Marketing 370

Marketing Investors Technology Loan Officers 370

Housing Wire

DECEMBER 7, 2023

Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic. Watch Now Wednesday CEO Playbook Loan Depot Speakers: Frank Martel, CEO, loanDepot.

Modernization 389

Modernization Retail Valuation Insurance 389

Housing Wire

JANUARY 18, 2024

11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. The 30-year fixed-rate mortgage averaged 6.6%

Mortgage 529

Mortgage Inventory Retail Construction 529

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Due to a tightened credit market and other factors, non-QM has been more in demand and the interest among lenders is growing.

Investors 417

Investors Real Estate Lending Loan Officers 417

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 366

Marketing Loan Officers Business Mortgage 366

Housing Wire

JUNE 4, 2024

This is according to data compiled by Reverse Market Insight (RMI). The strong home price levels and appreciation seen in some markets will continue to create very limited pockets of refi opportunity along with dips in the 10-year rates, but I think it’s more the former than the latter given recent rates,” he said.

Mortgage 378

Mortgage Loan Officers Finance Retail 378

Housing Wire

OCTOBER 10, 2022

Atlanta-based Angel Oak Companies instituted a round of layoffs at its retail mortgage company on Friday, not long after trimming the workforce in its wholesale and correspondent business. How new solutions are reinventing secondary market access for local lenders. of the volume consisted of conventional loans and 54.1% was purchases.

Retail 366

Retail Loan Officers Mortgage Government 366

Housing Wire

NOVEMBER 12, 2020

Despite early jitters, fears of a housing market slump proved unfounded. Instead, the housing market has been a bright spot for the economy, and some experts now project $4 trillion in originations before New Year’s day. Instead, JPMorgan Chase said it would focus on its existing customers , primarily handling refinances.

Business 426

Business Mortgage Retail Lending 426

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. On the other hand, homebuilders have an edge in today’s market, and incoming data shows that homebuilder sentiment continues to rise.”

Mortgage 330

Mortgage Construction Inventory Investors 330

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. year-over-year to $210,000, according to Realtor.com.

Housing Market 358

Housing Market Marketing Agents Real Estate 358

Housing Wire

NOVEMBER 28, 2023

It’s good news in the current shrinking market. However, average gain-on-sale margins increased slightly to 1.37% in Q3 compared to 1.35% in Q2, mainly due to retail and wholesale margin improvements. “But the seasonal decline will be less than it was historically, given the already low level of purchase activity.”

Finance 406

Finance Retail Mortgage Investors 406

Inman

AUGUST 14, 2023

Retail investors and local landlords offer real estate agents a wide array of options for staying active in a market bereft of traditional inventory, you simply need to know how to connect with them.

Inventory 147

Inventory Real Estate Agent Landlords Retail 147

Housing Wire

SEPTEMBER 1, 2023

Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward. This year 75 honorees were honored as HW Insiders. Congratulations to the 2023 HW Insiders!

Technology 440

Technology Development Real Estate Realty 440

Housing Wire

FEBRUARY 11, 2021

Online retail lender loanDepot raised just $54 million by offering 3.9 LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5 But it noted that its retail strategy is more developed. million shares at $14 on Thursday, far below the range of $19 to $21 it initially had sought.

Retail 406

Retail Real Estate Agent Finance Mortgage 406