Housing Wire

APRIL 24, 2024

Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. In September 2023, to support its operations, Freedom Mortgage raised $1.3 compared to the previous year.

Mortgage 365

Mortgage Business Finance Investing 365

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA did $6.29

Mortgage 433

Mortgage Brokerage Loan Officers Business 433

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. Proprietary product offerings are on the table as well.

Mortgage 399

Mortgage Loan Officers Investors Business 399

Housing Wire

APRIL 18, 2024

The recent hotter-than-expected inflation reading sent mortgage rates upward. On Thursday, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.31%, up from 7.19% a week earlier. Mortgage applications, for instance, increased for the second week in a row on the back of a strong economy.

Mortgage 390

Mortgage Housing Market Realtors Inventory 390

Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data.

Mortgage 510

Mortgage Inventory New Listings Housing Market 510

Housing Wire

APRIL 15, 2024

Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters. Industry educators have long aimed to position a reverse mortgage as a financial planning tool for retirement. The beneficiaries can get more.

Mortgage 442

Mortgage Tools Investing 442

Housing Wire

MARCH 9, 2024

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. We haven’t broken either yet.

Mortgage 483

Mortgage Inventory New Listings Housing Market 483

Housing Wire

APRIL 23, 2024

On Tuesday at The Gathering by HousingWire in Scottsdale, Arizona, Guild Mortgage CEO Terry Schmidt sat down with HousingWire editor in chief Sarah Wheeler to talk about the principles guiding much of the lender’s actions in recruiting, mergers and acquisitions (M&A) and overall business outlook.

Retail 412

Retail Mortgage Technology Development 412

Housing Wire

APRIL 12, 2024

Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. Volumes are down The macroeconomic landscape adds more pressure on mortgage volumes, which are already shrinking. billion in Q1 2024.

Mortgage 432

Mortgage Retail Lending Business 432

Housing Wire

APRIL 18, 2024

Every business is on the brink of significant transformation driven by the potential of Artificial Intelligence (AI) and workflow automation, and the mortgage industry is no exception. HousingWire spoke with Gareth Borcherds , managing director at Ascent Software Group about how AI is speeding up processes in the mortgage industry.

Appraisal 414

Appraisal Mortgage Appraisal Process Tools 414

Housing Wire

APRIL 10, 2024

loans from mortgage services and place them in its portfolio at a fixed 2.5% Mortgage servicers will identify qualified borrowers and submit requests to the program on behalf of veterans, so veterans will not apply directly for VASP. The program ended in October 2022, when mortgage rates were higher. interest rate.

Mortgage 422

Mortgage Government Lending Law 422

Housing Wire

APRIL 17, 2024

One planner solicited for input thinks that a reverse mortgage could be a worthy consideration, among other options, according to a new blog. “I I used to dislike reverse mortgages. A 2023 study published by Mutual of Omaha Mortgage suggested that misunderstandings about reverse mortgages remain rampant.

Property Taxes 424

Property Taxes Mortgage Tools Clients 424

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

Brokerage 413

Brokerage Mortgage Development Insurance 413

Housing Wire

APRIL 16, 2024

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. I was wondering if you guys could explain reverse mortgages,” the listener asked the group.

Mortgage 424

Mortgage Advertising Tools Marketing 424

Housing Wire

JANUARY 10, 2024

Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan.

Mortgage 493

Mortgage Government Marketing Finance 493

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgage 464

Mortgage Construction Buyers Inventory 464

Housing Wire

JANUARY 24, 2024

Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

Mortgage 471

Mortgage Retail Buyers 471

Housing Wire

APRIL 15, 2024

Wholesale lender A&D Mortgage unveiled a new and enhanced version of its partner portal, Artificial Intelligence in Mortgage, or AMI, on Monday. The AI -powered portal integrates advanced technologies into A&D Mortgage’s existing partner portal. We are excited to introduce AIM to the mortgage industry.

Mortgage 326

Mortgage Technology Design Lending 326

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

Inventory 532

Inventory Mortgage New Listings Housing Market 532

Housing Wire

APRIL 8, 2024

The Mortgage Bankers Association (MBA)’s policy advocacy group, the Mortgage Action Alliance (MAA), is urging its members in the state of Massachusetts to support the continued use of remote telephone and video counseling for reverse mortgages in the state following the lapse of an exemption allowing for remote counseling.

Mortgage 392

Mortgage Law Business 392

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 426

Mortgage Retail Inventory Marketing 426

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. Rocket Mortgage had purchase origination volume of $47.5

Mortgage 457

Mortgage Marketing Retail Lending 457

Housing Wire

MARCH 13, 2024

A decline in interest rates buoyed mortgage demand for another week. Mortgage applications increased by 7.1% on a seasonally adjusted basis during the week ending March 8, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

Mortgage 442

Mortgage Retail Government Marketing 442

Housing Wire

MARCH 29, 2024

While much of the report suggests “a continued increase in credit or consumer reporting complaints, with more than one million of these complaints being sent to the three nationwide consumer reporting companies,” the mortgage industry demonstrates general reactivity to the feedback, according to the report. were pending with the bureau.

Mortgage 415

Mortgage Lending Finance 415

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. Also recognized by the PROGRESS in Lending Association was Mortgage Cadence , which was lauded for its technology innovation.

Lending 410

Lending Mortgage Technology Construction 410

Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly ’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center. one week earlier.

Mortgage 450

Mortgage Inventory Sellers Investors 450

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. Where are mortgage rates headed? in second-quarter 2024.

Mortgage 450

Mortgage Retail Buyers Investors 450

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 342

Mortgage Real Estate Agent Real Estate Renovations 342

Housing Wire

APRIL 12, 2024

That’s because many of these potential hires are locked into super-low 30-year mortgages. homeowners carry mortgages with interest rates below 3%, while nearly 35% have rates ranging between 3% and 4%. homeowners carry mortgages with interest rates below 3%, while nearly 35% have rates ranging between 3% and 4%.

Mortgage 441

Mortgage Finance Clients 441

Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in.

Business 414

Business Loan Officers Mortgage Lending 414

Housing Wire

MARCH 26, 2024

Ellington Financial , the parent company of reverse mortgage industry lender and servicer Longbridge Financial , announced the successful closing of a new securitization backed by a pool of proprietary reverse mortgages initially originated by Longbridge. Line-of-credit versions are available in 18 states and D.C.

Mortgage 433

Mortgage Business Investors Marketing 433

Housing Wire

DECEMBER 7, 2023

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. for the first time since September, according to new data from Freddie Mac.

Mortgage 523

Mortgage Housing Market Investors Marketing 523

Housing Wire

APRIL 10, 2024

HomeEquity Bank , the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective June 30. “We for a campaign designed to inform people about bad actors targeting seniors.

Advertising 424

Advertising Mortgage Design Marketing 424

Housing Wire

NOVEMBER 1, 2023

Mortgage applications fell for the third week in a row as mortgage rates surged toward 8%. compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA). For the week ending Oct. 27, total home loan applications fell 2.1% of all applications.” the week prior.

Mortgage 414

Mortgage Government Marketing Finance 414

Appraisal Buzz

APRIL 17, 2024

Mortgage application volume increased 3.3% during the week ended April 12, driven mainly by a 5% increase is purchase applications, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Mortgage rates increased across the board, with the 30-year fixed-rate at 7.13 the previous week.

Mortgage 361

Mortgage Appraisal 361

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. According to Inside Mortgage Finance , NAF was the 31st largest U.S.

Mortgage 423

Mortgage Loan Officers Inventory Finance 423

Housing Wire

APRIL 10, 2024

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies.

Mortgage 403

Mortgage Finance Development Government 403