Housing Wire

AUGUST 14, 2024

Planet Home Lending confirmed on Tuesday the acquisition of certain retail assets from Axia Home Loans , describing the transaction as an opportunity to expand its operations in the Western, Northwestern, and Midwestern markets. s origination staff and branches in the retail space. HousingWire broke the news in early August.

Retail 417

Retail Lending Loan Officers Finance 417

Housing Wire

MAY 30, 2025

Transitioning from the structure of a retail mortgage company and striking out on your own at an independent brokerage brings its own set of challenges from selecting a tech stack to navigating unexpected hurdles and figuring out which resources to tap into. … We give you all the resources of a retail company. Bianchi agrees.

Retail 387

Retail Mortgage Brokerage Loan Officers 387

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release.

Retail 436

Retail Lending Loan Officers Finance 436

Housing Wire

MAY 28, 2025

“We’re really interested in their retail business, that’s what attracted us to the organization from the get go,” Pezzani said in an interview. ” Pezzani said that MiMutual runs a mix of distributed retail and P&L branches. .”

Lending 389

Lending Retail Loan Officers Business 389

Housing Wire

OCTOBER 24, 2024

Weaker demand from the local community developers buying at auction suggests continued weakness in the retail housing market into early 2025 given that those local community developers are anticipating retail market conditions about six months into the future,” Daren Blomquist, vice president of market economics at Auction.com, said in a statement.

Housing Market 468

Housing Market Marketing Retail Development 468

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. Accordingly, we are refining our expenses and eliminating some roles in our retail and corporate divisions as our business simplifies.

Retail 467

Retail Finance Business Modernization 467

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. That’s 2.4

Retail 441

Retail Tools Lending Technology 441

Housing Wire

NOVEMBER 13, 2024

The New York-based digital homeownership platform saw its revenue take a dip as it continues to invest in artificial intelligence (AI) and build out its retail channel. We expect to bring on their retail branches, which are about 50 retail branches, onto our better platform,” Garg said on the call. “And

Retail 369

Retail Mortgage Loan Officers Technology 369

Housing Wire

JUNE 25, 2025

trillion in retail originations and $920 billion to $1.15 With about 75,000 licensed retail loan officers and another 25,000 mortgage brokers in operation, the opportunity is clear—especially for those ready to serve rising borrower segments. That includes $1.15 trillion to $1.38 trillion in wholesale.

Mortgage 403

Mortgage Loan Officers Retail Tools 403

Housing Wire

OCTOBER 24, 2024

Equity stripping An analysis of more than 10,000 properties that have sold on the retail market so far in 2024 after previously being scheduled for foreclosure auction on Auction.com shows that pre-foreclosure buyers are purchasing at an average discount of 14% below estimated after-repair market value. “I’m I don’t think that’s fair.”

Retail 430

Retail Buyers Renovations Finance 430

Appraisal Buzz

MARCH 4, 2025

Cloudvirga reports that it has completed an enhanced integration for its Horizon Retail POS product and Encompass Partner Connect , the latest API framework for mortgage technology from Intercontinental Exchange (ICE).

Retail 150

Retail Modernization Technology Development 150

Housing Wire

JANUARY 8, 2025

Jett Farrington Farrington will aim to expand AmeriTrust’s operations on the wholesale and retail side of business. Since 2022, the lender has expanded its licensing from one to 35 states, operating in the wholesale and retail channels. Growth may be an understatement, especially since AmeriTrust funded more than $1.1

Mortgage 388

Mortgage Retail Business Lending 388

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions.

Housing Market 370

Housing Market Retail Marketing Sellers 370

Housing Wire

FEBRUARY 5, 2025

Demand from the local community developers buying at distressed property auctions is often sensitive to retail market mortgage rates because those auction buyers are often selling their renovated properties to retail buyers using traditional financing. But these ratios vary significantly across local markets.

Retail 402

Retail Renovations Buyers Finance 402

Appraisal Buzz

DECEMBER 18, 2024

By comparison, retail construction has slowed dramatically, averaging just 41-million square feet annually in recent years due to the rise of e-commerce. While retail spaces and office parks dominated the landscape in the 1980s, todays trends are focused on multifamily housing and self-storage. Looking Forward: Shifting Trends in U.S.

Real Estate 368

Real Estate Development Logistics Retail 368

Appraisal Buzz

OCTOBER 22, 2024

Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter but declined for loans backed by lodging, retail and industrial properties,” said Jamie Woodwell, MBA’s Head of Commercial Real Estate Research. of retail balances were delinquent, down from 4.5%. the previous quarter.

Mortgage 354

Mortgage Retail Real Estate Finance 354

Housing Wire

MAY 23, 2024

Improved financial performance for retail lenders coincides with a more stable secondary mortgage market , which has seen spreads narrow since they peaked in fall of 2023. Median productivity — measured by loans closed per retail or consumer-direct production employee — remained unchanged at 1.1 loans per employee in the first quarter.

Retail 460

Retail Mortgage Valuation Inventory 460

Appraisal Buzz

OCTOBER 25, 2024

In their new study , “ghost towns” are modern metro areas on the edge of decline due to decreasing population and increasing home and retail vacancies. Homes vacant for longer than two years show a pattern of long-term decline, while retail vacancy rates impact the local economy and decreasing new building permits show lesser investments.

Retail 355

Retail Modernization Construction Realtors 355

Housing Wire

JANUARY 6, 2025

Per the Chrisman Commentary, a daily mortgage newsletter produced by Rob Chrisman , GVC said that Peachman “will play an integral role in expanding our retail branch network across the GVC Lending footprint.”

Lending 403

Lending Mortgage Retail 403

Housing Wire

NOVEMBER 12, 2024

The world’s largest home improvement retailer and fourth-largest U.S. retailer by market capitalization reported $40.2 Home Depot raised its fiscal outlook after strong third-quarter 2024 sales, driven by demand for seasonal goods and hurricane preparation in the Southeast. billion in sales for the quarter ending Oct. Revenue was up 6.6%

Housing Market 417

Housing Market Marketing Retail Home Improvement 417

Housing Wire

NOVEMBER 21, 2024

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. Digital payments have been the norm for years in spaces such as retail and restaurants.

Property Management 370

Property Management Retail Technology Transportation 370

Housing Wire

JANUARY 2, 2025

The updated numbers for October also illustrate the divide between retail and wholesale HECM originations. The growth of the wholesale channel (18.6%) nearly tripled that of the retail segment (6.7%) in October. But RMI found that only half of the industrys top 10 lenders recorded volume gains compared to September.

Mortgage 401

Mortgage Retail Insurance Business 401

Housing Wire

APRIL 28, 2025

The deal also gives Rocket which has historically focused on call center and broker-driven origination a new retail arm through Bay Equity. Rocket hasn’t said anything to suggest they want to do more in the distributed retail arena; I assume Bay Equity will be rolled into Rocket Mortgage and continue doing what its doing.

Loan Officers 383

Loan Officers Retail Brokerage Real Estate 383

Housing Wire

OCTOBER 15, 2024

million people — Fairway had three retail loan offices and three desks in real estate offices, all in majority-white areas. In neighborhoods with Black populations of 80% or more, Fairway granted loans at less than one-eighth of the rate of its competitors. The regulators added that in the Birmingham area — which has six counties and about 1.1

Advertising 451

Advertising Lending Loan Officers Retail 451

Housing Wire

JANUARY 10, 2025

The bulk of the job gains in December occurred in the care (+46,000 jobs), government (+33,000 jobs), retail trade (+43,000 jobs), and social assistance (+23,000 jobs) sectors. The unemployment rate has hovered at 4.1% for the past seven months. The number of unemployed people was 6.9 million in December.

Construction 387

Construction Housing Market Retail Real Estate 387

Housing Wire

MARCH 14, 2025

Flagstar Bank’s parent company, Flagstar Financial , revealed in its fourth-quarter 2024 earnings call in January that it was planning to close “approximately” 20 private client offices and 60 retail branches. There were about 20 private client retail locations that we are looking to consolidate.

Retail 362

Retail Clients Business Real Estate 362

Housing Wire

OCTOBER 18, 2024

Condos in Florida have to be next level,” said one retail lending executive. Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Condos are hard.

Marketing 523

Marketing Mortgage Finance Lending 523

Housing Wire

OCTOBER 31, 2024

According to Inside Mortgage Finance estimates, the broker channel accounted for a mortgage market share of slightly more than 18% from January 2024 to June 2024, lower than that of the correspondent (28.5%) and retail (53.3%) channels. The analysis includes first-lien mortgage originations.

Lending 480

Lending Mortgage Brokerage Loan Officers 480

Housing Wire

JANUARY 2, 2025

The MBA’s weekly applications survey includes closed-end residential mortgage applications originated through retail and consumer-direct channels. Rates for 5/1 adjustable-rate mortgages shed 14 bps to average 5.97%. The index is benchmarked at 100 in March 1990.

Mortgage 451

Mortgage Retail Contracts Government 451

Housing Wire

JUNE 18, 2025

Executives at Guild, a pure distributed retail mortgage lender, will remain in place, and the company will retain its brand. Our expertise in distributed retail origination, retained servicing, and the customer-for-life balanced business model makes this a complementary partnership that has powerful potential for growth and innovation.”

Retail 308

Retail Investors Mortgage Finance 308

Housing Wire

MARCH 15, 2025

Also, dont forget we have retail sales data on Monday, which could shake up the bond market a bit. I’m especially looking forward to the Q&A session.

Mortgage 536

Mortgage New Listings Inventory Housing Market 536

Housing Wire

DECEMBER 27, 2024

Robinson added that one of the ways that NAF is aiming to address the messaging challenge is by spreading it across multiple platforms and divisions, including the retail lending and distributed field sales divisions at her company. But growth can also bring a series of challenges. And we do that like we do everything else: very carefully.

Mortgage 388

Mortgage Retail Lending Business 388

Housing Wire

APRIL 30, 2025

” As COO, Folk will lead company-wide operations, focusing on scalable infrastructure, enhanced service delivery, and continued expansion in the wholesale and retail mortgage space, a press release from the company confirmed. We are thrilled to have her join our team and help lead us into the next chapter of success.”

Lending 342

Lending Loan Officers Retail Mortgage 342

Housing Wire

NOVEMBER 15, 2024

Home improvement retailers have also taken notice, with The Home Depot refreshing an in-house brand with accessibility in mind for things like grab bars and easier-to-use faucets. In 2021, Lowe’s established a single stop for items including wheelchair ramps and shower benches, the AP reported.

Design 417

Design Renovations Retail Home Improvement 417

Housing Wire

OCTOBER 17, 2024

Individual members must pay a retail price to use Hive MLS. Hive MLS will officially launch at the North Carolina Realtors ‘ Convention & Expo from Oct. The company will have a booth to welcome agents and other professionals interested in learning more about the new tools.

Real Estate 429

Real Estate Real Estate Agent Realtors Tools 429

Housing Wire

DECEMBER 2, 2024

In January 2023, Wells Fargo also announced its exit from the correspondent lending space and a revised focus on bank customers and minority homebuyers through its mortgage retail team.

Lending 388

Lending Retail Mortgage Investing 388

Housing Wire

APRIL 3, 2025

Depository banks JPMorgan Chase and Wells Fargo made the top five, while Cleveland-based retail lender CrossCountry Mortgage continued its upward trajectory and was No. Rocket originated nearly as many loans as UWM at 361,000, and claimed a 25.1% growth rate. 4 in the 2024 HMDA rankings. CCM produced $39.4

Mortgage 392

Mortgage Retail Lending Real Estate 392