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Retail reverse mortgage production took a hit in January

Housing Wire

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). on a per-unit basis.

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With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. We’re not out building a retail person’s name. I mean we’re talking up to 30 years,” Nichols said.

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What mortgage lenders need to know about wholesale

Housing Wire

Desmond Smith: There are two ways to get a mortgage — wholesale or retail. Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities.

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Private Investors Seeking Retail Real Estate

McKissock

For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. . Private investors are moving towards investments in the retail sector because of shifts in how consumers behave.

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From Industrial to Retail: A Deep Dive into Evaluating Commercial Real Estate

The Robert Weiler Company

Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease. Ideally, you want your property to be at or very near an intermodal transit point where planes, trains, trucks, and seagoing vessels easily interchange. Swimming in Success: Restaurant and Retail Space.

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Lower has a round of layoffs to “weather upcoming rate hikes”

Housing Wire

“We’ve right-sized areas of our business impacted the most by this volatile market, such as refinance, operations, training, and recruiting,” Lindsey LeBerth, the company’s director of communications, wrote in an email to HousingWire. “In In August, Lower announced that Honor Home Loans , founded by U.S.

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How boutique lender Revolution Mortgage plans its expansion

Housing Wire

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. And, according to Covey, the changes are necessary in traditional retail lenders to navigate the industry headwinds. “LOs Hiring local, top talent.

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