Housing Wire

AUGUST 17, 2023

The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023. That 10-year yield channel equates to 5.75%- 7.25% mortgage rates. of the time.

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Mortgages Banks As-is Closing 369

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

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Technology Mortgages Loans Industrial 366

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. If you increase the productivity, you increase the capacity, but you also increase the velocity. “If

Equity 398

Equity Bankruptcy Loans Mortgages 398

Housing Wire

APRIL 26, 2024

Zebulon Lowe: Keith, thank you for speaking with us. Zebulon Lowe: Keith, thank you for speaking with us. How does Acra manage liquidity so that you don’t just survive but thrive? I said, “This is where we have to be. This is where the market is.” ZL: Did you receive pushback from your AEs?

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Lending Loans Technology Industrial 368

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. .

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. “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.

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Marketing Banks Mortgages Industrial 331

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns.

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Industrial Mortgages Loan Officer Banks 397

Housing Wire

MAY 8, 2023

Flagstar Bank , a top-25 U.S. mortgage lender, recently participated in two M&A deals. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. “We are what we call a one-stop shop mortgage model,” he said. .

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Banks Lending Loans Mortgages 319

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. I think cybersecurity today is different than it used to be. million current and customers , including 32,000 reverse mortgage customers.

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Title Mortgages Industrial Closing 419

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The client had just started a new job, and that can be tricky. All FHA mortgage lenders use a system by the U.S.

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Loan Officer FHA loan Loans Mortgages 379

Housing Wire

APRIL 30, 2023

The other focus should be where mortgage rates go; only a little happened last week. Mortgage rates, once again, didn’t move too much this last week; the bottom level range was 6.50%, while the top was 6.67%; we ended the week at 6.59%. The fear of not having an increase in inventory this spring should be put to rest.

Marketing 519

Marketing Banks Mortgages As-is 519

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. We’ll get more definitive data when we get the fourth-quarter results to see if the trends continue at that point.” . …

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Loans Due diligence Investor Technology 394

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

Lending 397

Lending Brokerage Mortgages Banks 397

Housing Wire

AUGUST 23, 2023

Our overall model has changed from being a one-stop-shop, where we do everything in-house, to being a one-stop-shop where we do the things in-house that we’re the best at,” Vishal Garg , Better’s CEO, said in an interview. The change resulted in Better’s exit from its real estate business. We aim for a similar mix.”

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Debt-to-income ratio Technology Mortgages Pre-approval 365

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. “Some of these borrowers have hundreds of products that they can choose from. Blend’s mortgage banking software processed 23.2%

Loan Officer 360

Loan Officer Loans Banks Technology 360

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Marketing Radio.

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Loan Officer Mortgages Lending Loans 410

Housing Wire

FEBRUARY 22, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Cave , former deputy director at the FHFA where he ran their FinTech Office, to talk about where mortgage tech is falling short, and what the government should do to help. Sarah Wheeler: What led you to leave FHFA for the private sector?

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Technology Banks Mortgages As-is 298

Housing Wire

NOVEMBER 15, 2022

While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. Prospecting for these borrower types can help protect your business during market shifts. Prospecting for these borrower types can help protect your business during market shifts.

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Bankruptcy Short sale Investor Title 374

Housing Wire

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. Sprout Mortgage imploded in early July, leaving its employees out in the cold. Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders.

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Lending Banks Bankruptcy Loans 376

Housing Wire

DECEMBER 7, 2023

Sarah Wheeler: Can you give us a quick overview of where we are on fraud? They’ve been focused on mortgage payoffs, although they’re getting more sophisticated on mortgage payoff payment diversion. SW: How are they using generative AI?

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Title Technology Industrial Banks 441

Housing Wire

OCTOBER 1, 2020

“I can’t comment about any other fundraising, other than to say Better today is actually fundamentally profitable, with enviable profit margins and profit, not like startup-fuzzy-math-profit but actually like, the cash balance in your bank account goes up every month profit,” Garg said. billion a month in loans.

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Banks Loans As-is Development 355

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. billion, according to data from Inside Mortgage Finance.

Loan Officer 356

Loan Officer Marketing Pre-approval Fixed-rate mortgage 356

Housing Wire

APRIL 27, 2021

Better, faster, cheaper has long been the promise of technology in the mortgage industry. Some may argue whether today’s technology is that much better than the tools we used in the past, particularly in the servicing business where many still use platforms designed and first built decades ago.

Mortgages 405

Mortgages Technology Loans Closing 405

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .

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Banks Title Investor Technology 384

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

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Lending Mortgages Pre-approval Loans 449

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officer 397

Loan Officer Loans Investor Mortgages 397

Housing Wire

MARCH 25, 2024

Using trending videos, educational content and humor to reveal all the secrets about buying a house, Betley, known as @thatmortgageguy , has reached 870,000 followers and garnered 15.5 We get paid for it and we’ve monetized our brands tremendously,” Betley said in an interview. “I’ve ban of the short-form video app.

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Loan Officer Loans Lending Mortgages 384

Housing Wire

NOVEMBER 13, 2020

Later, you may have taken out a personal or small business loan. Eventually, you purchased your first house, maybe got a home equity line of credit. There’s a common denominator in all of these transactions: It’s you. Chances are, you don’t work for the same company that employed you when you got your first apartment.

Banks 490

Banks Loans Technology Mortgages 490

Housing Wire

MARCH 30, 2022

We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. Can you tell me a little bit about some of these new investments and why they stood out to you? As of Sept. Here is how Hurst, via email, responded to our questions.

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Title Mortgages Commercial Technology 353

Housing Wire

FEBRUARY 11, 2022

We know that refinance volume is declining, Agency business will shrink and get more expensive and an increasing number of borrowers will not qualify under Agency guidelines. Below are current market obstacles and how Angel Oak Mortgage Solutions can help through non-QM products. If not, it is time you did.

Loans 353

Loans Banks Mortgages Closing 353

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 366

Equity Marketing Debt-to-income ratio Lending 366

Housing Wire

JUNE 21, 2023

Home Point Capital surprised the market on April 7 when it announced that the acquirer of its struggling mortgage origination business was a small wholesale shop few had even heard of. Add this to the list: control costs while growing and use an off-the-shelf tech system when you are small.

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Loans Lending Mortgages Equity 344

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Among its dozens of limited partners are major banks, which are the kinds of customers Blend is servicing, Mayopoulus pointed out. Stay tuned for updates.

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Loans Banks Loan Officer Branding 495

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgages 359

Mortgages Loan Officer Loans Technology 359

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. Summer is here, and housing inventory is finally growing!

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Marketing Mortgages Days on market Sales 410

Housing Wire

JULY 16, 2021

As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. SG: Investing in our Mortgage Mavericks is a top priority for FGMC.

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Development Mortgages Branding Banks 371

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Mortgage products expected to get love .

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Loans Renovation Construction Mortgages 401