Housing Wire

MARCH 21, 2024

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). to 358 loans).

Mortgages 359

Mortgages Loans Equity Principal 359

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

Industrial 355

Industrial Mortgages Marketing Finance 355

Housing Wire

NOVEMBER 20, 2023

If this is to happen, buyer agents and mortgage companies will be forced to adapt. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing. Most successful loan officers get their business from buyer agent referrals.

Pre-approval 400

Pre-approval Agents Loan Officer Seller concession 400

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. from $490 billion in the second quarter. year over year as of the third quarter of last year.

Equity 436

Equity Lending Banks Loans 436

Housing Wire

FEBRUARY 27, 2024

Here is why and what can be done about it. The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. This is important for anyone who wants to understand Black consumers and do business with them.

Banks 408

Banks Loans Land Commercial 408

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. We are getting closer to that period where total inventory traditionally falls. But now this is a real risk. The parts of the U.S.

Mortgages 519

Mortgages As-is Marketing Finance 519

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 390

Equity Purchase and sale agreement Marketing Lending 390

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

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. Bank Home Mortgage. But it’s a challenge.

Mortgages 379

Mortgages Banks Technology Finance 379

Housing Wire

JANUARY 10, 2023

American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. All of our production is down, the industry volume is off considerably and I think there’s an opportunity for well-positioned, well-capitalized lenders,” Lowman said. We can get them (LOs) running in about 30 days.

Mortgages 341

Mortgages Loan Officer Loans Finance 341

Housing Wire

SEPTEMBER 7, 2023

The lender and LO can make or break the transaction.” The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.

Agents 384

Agents Loan Officer Lending MLS 384

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization.

Mortgages 533

Mortgages Banks Loan Officer Technology 533

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 354

Loans Purchase and sale agreement Due diligence Industrial 354

Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. “I’m done with it. . “I’m done with it. ” The initiative applies to any conventional loan on primary homes, including high-balance adjustable-rate mortgages, UWM said. .”

Loans 545

Loans Banks Mortgages Finance 545

Housing Wire

JANUARY 19, 2023

The Mortgage Bankers Association (MBA) reported that mortgage applications recently hit their lowest rate since 1996 , and Fannie Mae’s most recent estimate shows that origination volume will decline to $1.7 Lenders need a robust mortgage quality control (QC) audit and reporting program to do so effectively. trillion in 2023.

Loans 341

Loans Lending Investor Mortgages 341

Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022. So, I think that is where not going to the cash window should be better for innovation.”.

Loans 335

Loans Banks Mortgages Investor 335

Housing Wire

JULY 11, 2022

The federal government’s signature program to help homeowners from falling behind on their mortgage, having utilities shut off, or being forced out of their homes, is finally being rolled out across America through pilot programs. But because the programs vary, that can be a challenge.

Finance 287

Finance Mortgages Design As-is 287

Housing Wire

FEBRUARY 8, 2024

And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals.

Agents 381

Agents Construction Design Branding 381

Housing Wire

APRIL 8, 2024

The lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the homeless. That same dire need for affordable housing for the least prosperous among us, however, also is a serious problem in rural America — home to nearly 70 million Americans.

New Construction 482

New Construction Finance Construction Mortgages 482

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. trillion all-agency MSR market, according to mortgage-data analytics firm Recursion. Or it could signal a future MSR-market stampede. billion as of the end of 2022, U.S.

Banks 331

Banks Loans Mortgages Sales 331

Realtor.com

FEBRUARY 3, 2021

If you have only limited credit, you may not qualify for a mortgage at all. A micromortgage is a loan for $100,000 or less, and homes at this price point are still abundant in some markets—including Louisville, KY, and southern Indiana, where the program is getting started. Wondering if a micromortgage is right for you?

Loans 111

Loans FHA loan Finance Loan Officer 111

Realtor.com

FEBRUARY 3, 2021

If you have only limited credit, you may not qualify for a mortgage at all. A micromortgage is a loan for $100,000 or less, and homes at this price point are still abundant in some markets—including Louisville, KY, and southern Indiana, where the program is getting started. Wondering if a micromortgage is right for you?

Loans 98

Loans FHA loan Finance Loan Officer 98

Realtor.com

DECEMBER 19, 2022

Her lender suggested a temporary buydown that would lower her mortgage payment for the first three years. “I I don’t think I would have been able to afford it without the buydown,” Ms. Temporary buydowns offer steep but short-term savings on mortgage rates. This is a way they can get rid of that payment shock a bit.”.

Mortgages 68

Mortgages Loans Construction Finance 68

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Loans 373

Loans Mortgages Loan Officer Pre-approval 373

Housing Wire

APRIL 29, 2024

Guild Mortgage CEO Terry Schmidt speaks last week at The Gathering by HousingWire in Scottsdale, Arizona. Cherry Creek’s addition to Guild One of the biggest examples of this came during a discussion between HousingWire Editor in Chief Sarah Wheeler and Terry Schmidt, the CEO of Guild Mortgage.

Mortgages 260

Mortgages Staging Lending Equity 260

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. But if you don’t know how to get one, then you might feel daunted — even discouraged. But if you don’t know how to get one, then you might feel daunted — even discouraged.

Loans 102

Loans VA loan FHA loan Purchase and sale agreement 102

Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. But these professionals instead seemed to express that getting back to the core fundamentals of origination has proved most fruitful thus far.

Marketing 360

Marketing Fixed-rate mortgage Loans Mortgages 360

Housing Wire

JANUARY 17, 2024

Fannie Mae and Freddie Mac are in the spotlight again over the role some housing-industry experts say they could play in reducing mortgage rates if they resumed a more active investor role in the mortgage-backed securities (MBS) market. How likely that is, though, I don’t even know how to handicap.”

Marketing 356

Marketing Investor Banks Mortgages 356

RIS Media

JANUARY 3, 2021

Managing thousands of referral opportunities with a centralized platform provides consistency for Mitchell’s operations staff and agents so that they can create a scalable model in all the markets they serve. Today, the organization operates in 15 states and 33 submarkets across the USA.

Agents 104

Agents Closing Technology Industrial 104

Afford Anything

JULY 6, 2020

An anonymous listener, whom we call “Mary,” is curious about the auto-rebalancing feature offered by M1 Finance. My friend and former financial planner Joe Saul-Sehy and I answer these questions on today’s episode. Anonymous “Mary” asks (at 1:36 minutes): I’m curious about investing with M1 Finance.

Equity 78

Equity HR Finance Staging 78

Real Trends

MAY 13, 2022

For these executives, and others who clamor for a cut of the lucrative real estate pie, it can be a guessing game whether RESPA is either a tiger ready to pounce or a cat napping in the sun. In February, Lyndsi Sitcov updated her Instagram feed with a carousel of photos that showed her smiling and enjoying drinks and sunshine in Miami.

Title 75

Title Brokerage Agents Mortgages 75

The Close

AUGUST 18, 2022

Dear [First name], Timing the real estate market to sell your home quickly and for the best price can sometimes be more art than science. This is why the system I use to sell homes doesn’t rely on timing the market. Older expired listings can be a goldmine for savvy REALTORs®. Expired Listing Prospecting Letters. your website].

Purchase and sale agreement 98

Purchase and sale agreement Title Closing Short sale 98

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 Our pipeline is a lot bigger than it was at this time last year, and rates have doubled, so we’re definitely getting market share.” Lind points to Finance of America Mortgage , First Guarantee Mortgage Corp.

Lending 324

Lending Banks Investor Loans 324

Realty Biz

FEBRUARY 26, 2021

The company works with homebuyers and their agents to provide sellers a guaranteed sale through an all-cash offer regardless of where the buyer is in the mortgage process. This not only streamlines the whole buy/sell process , but it also gives buyers a cushion to secure long-term financing. Q & A Session.

Investor 83

Investor Mortgages Finance Industrial 83

Housing Wire

JANUARY 7, 2022

Unlike the previous expansion, where the jobs recovery was slow, we have a much different dynamic this time around. Job openings are still over 10 million and I am still smiling here as I was the one person on Twitter finance that had been tweeting out #JOLTS 10,000,000 well before the job opening data took off.

Mortgages 502

Mortgages Construction As-is Marketing 502

Point2Homes

NOVEMBER 22, 2020

city where Millennials could save for a down payment in less than two years was Detroit , which makes this market the most attainable. Although mortgage rates are at their lowest point in decades, down payments and low savings are the main hurdles that trip young people up on their path to homeownership. And not just any home.

Finance 96

Finance Loans As-is Marketing 96

HomeLight

SEPTEMBER 30, 2020

A home is no small purchase, and as you scroll through the listings in your area you start to wonder — how much house can I really afford? To figure out how much house you can afford, follow these steps to determine a comfortable budget. All of these factors will determine what you can afford.

FHA loan 66

FHA loan Pre-approval Debt-to-income ratio Inspection 66