Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. Morgan Chase ; and Mount Laurel New Jersey-based Freedom Mortgage. Piercy said Incenter earlier in February put out to bid an $11.5

Marketing 370

Marketing Principal Banks Loans 370

Housing Wire

SEPTEMBER 22, 2020

Just two months after its public debut , Rocket Companies is looking to bulk up its wholesale operation by sweetening the pot for mortgage brokers. The Detroit-based firm, which began 35 years ago as a mortgage broker shop in southeast Michigan, is rebranding Quicken Loan Mortgage Services to Rocket Pro TPO.

Loans 444

Loans Technology Branding Mortgages 444

Housing Wire

SEPTEMBER 9, 2020

Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021.

Debt-to-income ratio 350

Debt-to-income ratio Loans Industrial Mortgages 350

Housing Wire

OCTOBER 2, 2020

Axia Home Loans , a Washington-based lender with an unusual ownership structure , is looking to break into the ultra-competitive wholesale space. Just looking at the growth of the market share that’s been going to brokers over the past three to five years is tough to ignore in the mortgage world.” We won’t disappoint.

Loans 274

Loans Mortgages Branding Marketing 274

Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

Industrial 341

Industrial Mortgages Lending Technology 341

Housing Wire

OCTOBER 5, 2020

Rich Weidel, the CEO of family-owned and operated lender Princeton Mortgage , was scared. Here’s the interview, which has been edited for length and clarity: HW: In the mortgage space, there are a lot of IPOs about to happen. When Quicken went public] it was a Christmas morning for us because we get all the data.

Technology 297

Technology Mortgages Development Loans 297

Housing Wire

FEBRUARY 21, 2023

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. With the Feb.

Loans 296

Loans Mortgages Branding Lending 296

The Mortgage Report

SEPTEMBER 25, 2020

Review of Quicken Loans showing how the company compares to other top lenders. Includes mortgage rates, service, complaints, operations and products offered.

Loans 83

Loans Mortgages 83

Realtor.com

MARCH 8, 2021

When you buy a home, you can usually rely on a standard mortgage to pay for it. But when you build your home from the ground up, a regular mortgage may not suffice. Instead, you might need a construction loan. What is a construction loan? Qualifications for a construction loan: What you need for approval.

Loans 120

Loans Construction Land Finance 120

Keeping Current Matters

SEPTEMBER 1, 2020

Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why. Today’s low rates are off-setting rising home prices because it’s less expensive to borrow money. What are the experts saying about affordability? Homeowners.”.

Short sale 269

Short sale Loans Mortgages Closing 269

Housing Wire

APRIL 21, 2021

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgages 296

Mortgages Brokerage Development Loans 296

Housing Wire

OCTOBER 29, 2020

On the day that the Dow Jones Industrial Average dropped 943 points, Caliber Home Loans made the decision to delay its initial public offering (IPO). The company, owned by hedge fund Lone Star Funds , is among the many lenders and servicers who are opting to go public during an unprecedented boom in the mortgage industry.

Marketing 188

Marketing Loans Mortgages Industrial 188

Housing Wire

OCTOBER 5, 2020

During the interview, Scott shares why this session is important, her advice to mortgage executives when it comes to starting the conversation on how to create a business strategy during social upheaval and some initiatives that Quicken Loans started that she thinks could be applied at other companies.

Equity 202

Equity Loans Mortgages As-is 202

Housing Wire

OCTOBER 2, 2020

AmeriHome on Thursday became the latest mortgage lender to file for a public offering, the latest to do so amid a coronavirus pandemic that has helped spur record origination volume this year. AmeriHome uses the bank Cenlar to subservice 99% of its mortgage loans. basis points – as of June 30 was $87.9

Loans 250

Loans Mortgages Banks Residential 250

Keeping Current Matters

SEPTEMBER 8, 2020

According to the Housing Market Recovery Index by realtor.com , the market has surpassed pre-pandemic levels, and has regained the strength we remember from February of this year (See graph below): Record-Breaking Mortgage Rates. Historically low mortgage rates are another 2020 game-changer. Increasing Affordability.

Marketing 254

Marketing Mortgages Technology Loans 254

Keeping Current Matters

AUGUST 3, 2020

Ivy Zelman, CEO of Zelman & Associates : “Whether in terms of pending contract activity or our proprietary buyer demand ratings, the various measures of demand captured in this month’s survey can only be described as shockingly strong , in spite of the resurgence in COVID-19 cases.”.

Marketing 235

Marketing Residential Staging Sales 235

Realty Biz

NOVEMBER 17, 2020

With mortgage rates at an all-time low, U.S. Now, some existing homeowners are racing to take advantage of the super-low rates too, resulting in a 200% rise in refinancing applications this year. That strain is showing up in slower loan processing times, missed opportunities to communicate, and unreliable self-service tools.”.

Mortgages 103

Mortgages Lending Loans Banks 103

Realtor.com

DECEMBER 11, 2020

Charlotte Kesl for The Wall Street Journal Americans are poised to take more mortgages this year than they did even during the run-up to the 2008-09 financial crisis. trillion of mortgages, according to industry-research firm Inside Mortgage Finance. Mortgage originations Wall Street Journal. trillion in 2003.

Mortgages 114

Mortgages Loans Lending Finance 114

Realtor.com

MAY 10, 2021

The mortgage market, though, is losing steam. Yet lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers. The anticipated decline in mortgage volume is setting off price wars across the industry.

Mortgages 68

Mortgages Lending Loans Banks 68

Realty Biz

OCTOBER 16, 2020

is now $350,000, which means the average buyer would need to pay $70,000 as a deposit on their purchase to avoid private mortgage insurance. Of course there are low down payment loans available to buyers who cannot meet the 20% down threshold. down on its loans, but that still translates to $12,500 for a median priced home.

Loans 63

Loans Banks Mortgages As-is 63

RIS Media

NOVEMBER 2, 2020

” Connect 313 will coordinate the distribution of devices and digital resources with the support of partners including the city of Detroit, Focus: HOPE, Wayne State University, human-I-T, Microsoft + Accenture, United Way for Southeastern Michigan, and the Rocket Community Fund (formerly Quicken Loans Community Fund).

Technology 102

Technology Loans Equity Development 102

Housing Wire

JANUARY 13, 2022

Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. . The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp. , It is a $6.23 billion bulk-sale offering of agency MSRs, with bids due by Jan.

Mortgages 380

Mortgages Marketing Loans Principal 380

Realtor.com

MARCH 10, 2021

Specifically, mortgage lenders will consider your Debt-to-Income Ratio (DTI), which compares how much debt you have versus how much you earn on a monthly basis. As a general evaluation of how risky it is to loan money, this is an important figure for mortgage lenders. Rocket Mortgage® is ready to help.

Debt-to-income ratio 78

Debt-to-income ratio Loans Mortgages Finance 78

Realtor.com

MARCH 10, 2021

When you’re ready to move forward on your homeownership journey, there can be a learning curve as you approach how to decipher mortgage-related terms and work on getting financially prepared. That’s where the Rocket Mortgage ® team can help seven days a week, with a quick, no-obligation conversation. Understand key terms.

Pre-approval 74

Pre-approval Closing costs Title search Finance 74

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. mortgage industry drives the best in consumer options and experience.

Banks 539

Banks Mortgages Loans Lending 539

CT Homes

OCTOBER 28, 2021

Especially for sellers who choose to leverage the payment of closing costs to quicken or simplify a sale, it can’t be assumed that the seller is getting off free within a successful transaction. Loan Origination Fees: Fees associated with processing and underwriting the loan, paid to the lender.

Closing costs 75

Closing costs Closing Purchase and sale agreement Title 75

RIS Media

JANUARY 3, 2021

Clearly, the model is working, as Mitchell and his team service some of the largest organizations in the country, including Rocket Mortgage/Quicken Loans, Veterans United, Zillow Group, New American Funding, Bank of America, Axos Bank, Opendoor and many more. “Our agents are accountable to our clients and their clients.

Agents 105

Agents Closing Technology Industrial 105

Realtor.com

JUNE 12, 2017

But when it comes to getting a mortgage, that’s just not how things work. So how long does it take to get a mortgage? How long does it take to get a mortgage? The entire mortgage process has several parts, including getting pre-approved, getting the home appraised, and getting the actual loan. Not so fast.

Pre-approval 52

Pre-approval Debt-to-income ratio Mortgages Bankruptcy 52

Housing Wire

OCTOBER 23, 2023

And not just adding tons of people — that is the traditional model in mortgages. lender in 2022 to 13th in the first half of 2023, per Inside Mortgage Finance estimates. Now, we have three-quarters of purchase loans. Nunes: What is the strategy to get more purchase loans in this market after exiting the wholesale channel ?

Technology 407

Technology Loan Officer Loans Lending 407

Housing Wire

JULY 26, 2021

” The Mortgage Bankers Association Builder Application Survey data for June 2021 shows mortgage applications for new home purchases decreased 23.8% MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 704,000 units in June 2021, based on data from the BAS.

Sales 417

Sales VA loan FHA loan Loans 417

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. This has dampened new home sales and quickened home-price growth.” Conventional mortgage loans composed 74.4%

Marketing 497

Marketing VA loan FHA loan Loans 497

Housing Wire

JANUARY 28, 2022

The realignment of the mortgage industry should make us all rethink how we look at lenders by category. Rather than looking at bank-owned mortgage companies and independent mortgage companies, perhaps we should think of new categories. For example, there are nonbank mortgage banking companies that are not truly independent.

Banks 379

Banks Mortgages Equity Investor 379

Redfin

JUNE 28, 2022

You can estimate your equity by subtracting what you owe on your home loan from the potential sales price. There are a few ways to quicken the home sale process. Lenders usually offer buyers an interest rate when they need a mortgage to purchase a home. Moving costs. Create a selling strategy.

Staging 62

Staging Renovation Closing costs Agents 62

Realtor.com

OCTOBER 30, 2020

On the east side of the street, getting a mortgage to buy a home is a breeze. No purchase mortgages were made last year in almost a third of Detroit’s census tracts, and fewer than five each in another third, according to data from LendingPatterns.com, a mortgage-data analysis tool. On the west side, it is hardly worth trying.

Marketing 86

Marketing Bankruptcy Finance Banks 86

Realty Biz

MARCH 3, 2021

New house inventories are limited across the nation, existing homeowners are reluctant to sell in this period of uncertainty, and lenders are raising credit and underwriting standards for new loans. Because the average age of a first-time homebuyer is 33, millennials make up more than one-half of all homes purchased with a mortgage. .

Finance 109

Finance Loans Mortgages Closing costs 109

RIS Media

SEPTEMBER 22, 2020

percent from July to a seasonally adjusted annual rate of 6.00 million in July, and by 11 percent from last year—now at a seasonally-adjusted annual rate of 5.37 percent from one year ago—now at a seasonally-adjusted annual rate of 630,000 units. In August, total existing-home sales increased 2.4 percent from 5.28 million (+9.3%YoY).

Sales 111

Sales Industrial Construction Mortgages 111

Realtor.com

FEBRUARY 28, 2021

With online tools like Rocket Mortgage ® by Quicken Loans®, it’s easy to enter your information and connect accounts to share necessary documents. Not to mention how helpful it can be to ask questions during a no-obligation conversation with a Home Loan Expert from America’s largest mortgage lender. Emily Glover.

Pre-approval 90

Pre-approval Pre-qualification Marketing Finance 90