Housing Wire

AUGUST 8, 2022

Mortgage rates trended down in July from their peak above 6% in June, but that wasn’t enough to spur mortgage lending activity. Rate lock volume in July fell 14.4% drop in rate/term refinance locks, which are down 93.6% drop in rate/term refinance locks, which are down 93.6%

Lending 381

Lending Mortgage Housing Market Home Value 381

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 464

Buyers Marketing Sellers Loan Officers 464

Housing Wire

MARCH 31, 2022

Bao Huynh: In terms of borrower demand for non-QM, it’s still a little early to tell. Non-QM, like any mortgage product, is affected by interest rate fluctuations. But it may not be as sensitive as the more traditional refinance market. So, non-QM refinance may be a little more resilient. And their ranks are growing.

Marketing 381

Marketing Investors Technology Loan Officers 381

Housing Wire

DECEMBER 16, 2021

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. I think 99% of the loans that I was writing there were refinances. But there was trouble ahead. The layoffs take effect on Jan.

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

APRIL 11, 2023

Last week’s listings rate remained super low and available inventory of homes for sale fell again by almost 1% to 410,000, according to Altos Research. HousingWire: How have the current mortgage rate and inventory challenges impacted the direction of Corcoran’s marketing strategies?

Marketing 369

Marketing Agents Inventory Sellers 369

Housing Wire

OCTOBER 21, 2022

As mortgage rates continue to rise, originations are not the only side of the industry affected. The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because of fewer opportunities to refinance a loan,” said Eric Friedman, managing director of Servicing at Acra Lending. “At

Mortgage 366

Mortgage Investors Lending Property Taxes 366

Housing Wire

MAY 17, 2023

“If we’re at historic refinance lows and if we’re at secular purchase lows, you largely can paint a picture over the coming years that we’ll see both of those expand. Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon.

Marketing 362

Marketing Clients Mortgage Business 362

Housing Wire

JUNE 30, 2022

As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. Despite these challenges, a new report from Fitch Ratings found statutory capital will remain strong for U.S. According to Fitch Ratings Senior Director Gerry Glombicki, the U.S.

Marketing 368

Marketing Insurance Business Clients 368

Housing Wire

FEBRUARY 7, 2022

HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S. Santander’s mortgage division is the first victim as the landscape shifts away from historic mortgage origination volumes and record rate-term refinance business. This appears to be just the beginning.

Mortgage 370

Mortgage Business Retail Finance 370

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

Mortgage 414

Mortgage Valuation Investors Housing Market 414

Housing Wire

NOVEMBER 15, 2022

HousingWire: As mortgage lenders continue to look for ways to cut costs amid a high-rate environment, where are some key areas that they should still look to innovate? HousingWire: As mortgage lenders continue to look for ways to cut costs amid a high-rate environment, where are some key areas that they should still look to innovate?

Housing Market 430

Housing Market Marketing Loan Officers Tools 430

Housing Wire

MAY 23, 2023

Cohen trailed behind Guaranteed Rate ‘s Shant Banosian , who originated $925 million during the same period. Read on to learn more about the two sides of the Southern California housing market and how Cohen stays competitive. Cohen funded $751.4 Among mortgage brokers, Cohen ranked first. It’s a two-sided market here.

Marketing 373

Marketing Mortgage Inventory Loan Officers 373

Housing Wire

DECEMBER 3, 2021

HousingWire: What has been one of your biggest learning opportunities? Reina Ramos: My biggest learning opportunities were working for both large and small institutions. Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

MARCH 13, 2024

It’s the perfect way to introduce seasoned agents to AI without the intimidation factor – or the steep learning curve. Similarly, data-driven marketing can be more cost effective, helping you focus your marketing budget on homeowners who are most likely to sell, and on buyers who are actively looking for their next home. Need more examples?

Real Estate Agent 408

Real Estate Agent Tools Real Estate Agents 408

Housing Wire

SEPTEMBER 29, 2021

When we’re in a refinance market we’re doing business with borrowers that have experience with mortgage loans. For those with a score greater than 640, improving their score means improving their financing options, and often lowering the interest rate and fees they pay for a mortgage. The borrower fails to become a homeowner.

Marketing 373

Marketing Investing Mortgage Lending 373

Housing Wire

DECEMBER 14, 2021

Over the next several years, however, assuming interest rates continue to tick upward absent great volatility, the non-QM (or non-qualified mortgage) market has the potential to grow tenfold, according to some industry executives. Could someone one day come up with the right technologies [for automating underwriting of] non-QM?

Lending 374

Lending Technology Government Investors 374

Housing Wire

OCTOBER 21, 2022

But in combination with uncertainty about interest rates and the overall economy, the fact is that there will be industry contraction into 2023. We also learned some lessons that could come in handy this time around. Have a long-term capitalization plan…always. 2022 and 2023 will not mirror the conditions of 2008 and beyond.

Marketing 280

Marketing Business Agents Investing 280

Housing Wire

MAY 18, 2022

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded.

Mortgage 393

Mortgage Clients Insurance Tools 393

Housing Wire

MARCH 2, 2021

Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes. The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. but projects to be at 5% by 2023. million in 2021.

Insurance 369

Insurance Real Estate Investing Finance 369

Housing Wire

FEBRUARY 8, 2021

Join expert panelists to learn how the pandemic is ushering in a new era of digital lending and leading to the formation of a hybrid lending model. In terms of channel mix, loanDepot most closely resembles Rocket. The multi-channel mortgage lender hopes to raise $300 million by pricing its shares between $19 and $21.

Valuation 450

Valuation Retail Lending Real Estate Agent 450

Housing Wire

JULY 12, 2022

HousingWire sat down with Bell to learn about how the VA is working to revamp the image of the loans it offers, how it plans to modernize its appraisal processes, how it coordinates with other agencies, and whether its COVID-19 partial claim program will get an extension. But the VA is hoping to change that. How is the VA addressing this?

Modernization 369

Modernization Appraisal Process Appraisal Training 369

Housing Wire

APRIL 7, 2022

In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. It’s a stock that’s in short-term mortgage jail.”. Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. He was right.

Mortgage 382

Mortgage Technology Clients Insurance 382

Housing Wire

AUGUST 9, 2023

On top of closing the gap on “speed-to-lead”, Verse’s AI learns and evolves with every interaction, refining its approach, and delivering increasingly personalized responses, thus fostering a deeper connection with clients. Those unwilling to embrace and adopt these cutting-edge tools will likely be left behind.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

Housing Wire

JULY 28, 2022

Lenders continue to face tightening profit margins as interest rates stay substantially higher than they were last year. In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment.

Technology 380

Technology Business Lending Training 380

Housing Wire

FEBRUARY 27, 2024

Let’s learn how. It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. But what if you could find them first? What if you could target the right prospects, at the right moment using data? Summary How does SmartZip work? FAQs Is SmartZip right for you?

Advertising 415

Advertising Tools Real Estate Sellers 415

Housing Wire

OCTOBER 26, 2020

Of course, it’s a good problem to have, but difficult to navigate in terms of scalable solutions. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes. A Comprehensive Solution. Solutions to Pandemic Era Issues. And they’re not alone.

Clients 381

Clients Valuation Technology Inspection 381

Housing Wire

JULY 14, 2022

HousingWire reached out to Sieffert for an update on market conditions in the world of reverse and to learn more about the role leadership plays within FAR’s company culture. Rates rose quickly, and the benefits for those refinances are not nearly as strong as they were a few months ago.

Mortgage 368

Mortgage Business Lending Marketing 368

Housing Wire

APRIL 1, 2022

HousingWire sat down with this Woman of Influence winner to find out some of the important lessons she learned along the way. HousingWire: One of your first jobs in the industry was at Salomon Brothers , starting in 1979. What part of that job did you love? CMOs or collateralized mortgage obligations were developed. There was no safety net.

Finance 379

Finance Development Business Tools 379

Housing Wire

SEPTEMBER 14, 2020

We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. Low interest rates have kept refinance loan volumes robust, but no one knows for how long. But are all lenders equipped to make that transition? Peering into the future of lending.

Lending 457

Lending Mortgage Technology Business 457

Clear Capital

APRIL 1, 2024

Offering the right home equity loan product for your clients and the current market There are three primary home equity loan types lenders can use to provide homeowners with access to their equity: fixed-rate loans, home equity lines of credit, and cash-out refinances. Home equity line of credit (HELOC) A HELOC is a revolving debt.

Lending 36

Lending Valuation Home Value Design 36

Lamacchia Realty

OCTOBER 31, 2022

Amidst ceaseless mortgage rate hike and inflationary headlines , the mortgage industry is abuzz with talk of buydowns. Buydowns aren’t a new product, on the contrary they’ve been around for a long time, but they’re resurfacing now as a mechanism to combat the rising mortgage rates. goes into an escrow account at closing.

Sellers 65

Sellers Buyers Mortgage Real Estate Agent 65

Appraisal Today

MARCH 15, 2024

When I worked for a northern California assessor’s office with rural areas I learned a lot about almond growing (the main crop) and other ag topics. It is not hard to learn the valuation factors. How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding.

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Appraisal Inspection Modernization Business 70

Housing Wire

FEBRUARY 21, 2023

Learn quickly. Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. That was new back then. With the Feb.

Clients 343

Clients Mortgage Business Home Value 343

McKissock

OCTOBER 17, 2021

Cap rate is one of those things you hear all the time in the marketplace, but many people don’t know exactly what it means. What is cap rate? It refers to the capitalization rate and is the net operating income divided by the cost. percent capitalization rate. percent capitalization rate.

Investing 85

Investing Real Estate Finance Valuation 85

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Be one of a handful of people who know that USPAP is not a medical term.

Appraisal 76

Appraisal Contracts Legal Business 76

Assurance Financial

JUNE 28, 2021

Of the various loan terms, 15-year and 30-year mortgages tend to be the most common. Each loan term has its benefits, depending on your financial situation. Learn more about how the loan term affects the interest rate, monthly payment and other mortgage features. Options include 10, 15, 20 and 30-year mortgages.

Mortgage 74

Mortgage Insurance Renovations Marketing 74

Assurance Financial

MARCH 2, 2021

Should You Refinance Your Home? Whether or not to refinance your home is a big decision. Your choice will likely hinge on several factors, including your goals, your current financial situation and the terms of the new loan you can get. Is it good or bad to refinance your home? The answer is that it depends.

Investing 69

Investing Mortgage Home Value Marketing 69