Housing Wire

JANUARY 24, 2024

Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

Mortgages 467

Mortgages Fixed-rate mortgage Loans Residential 467

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Banks 382

Banks Mortgages Loan Officer Loans 382

Housing Wire

APRIL 26, 2024

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due), accounted for 1.5%

Mortgages 411

Mortgages Staging Principal Loans 411

Housing Wire

MARCH 13, 2024

A decline in interest rates buoyed mortgage demand for another week. Mortgage applications increased by 7.1% on a seasonally adjusted basis during the week ending March 8, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

Mortgages 425

Mortgages Loans Residential Marketing 425

Housing Wire

MARCH 6, 2024

The typically busy spring housing market seems to already be at the doorstep despite stubbornly higher mortgage rates. Mortgage applications increased by 9.7% on a seasonally adjusted basis during the week ending March 1, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey.

Mortgages 422

Mortgages FHA loan Loans Residential 422

Housing Wire

FEBRUARY 21, 2024

Mortgage demand continued its downward trajectory last week as interest rates moved back above 7%. Mortgage applications decreased by 10.6% 16, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. And the U.S.

Mortgages 408

Mortgages Fixed-rate mortgage Loans Residential 408

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. Government residential mortgage was an exception, where standards remained basically unchanged. The survey showed that 30.4%

Lending 410

Lending Banks Mortgages Loan Officer 410

Housing Wire

NOVEMBER 2, 2021

Powerhouse lender/servicer New Residential Investment Corp. According to NRIC’s third quarter earnings released on Tuesday, the growth was spurred mainly by the REITs acquisition of mortgage lender Caliber Home Loans in August. The post New Residential already seeing the benefits of Caliber deal appeared first on HousingWire.

Residential 320

Residential Loans Mortgages Sales 320

Housing Wire

JUNE 21, 2022

New Residential Investment Corp. The company is also changing its name to Rithm Capital, reflecting the diversification of its businesses as more than just a mortgage real estate investment trust. New Residential will start trading on the NYSE as “RITM” on or about August 1, 2022. appeared first on HousingWire.

Residential 347

Residential Investor Loans Finance 347

Housing Wire

JANUARY 31, 2024

Mortgage demand slumped last week as consumers hit the brakes on purchase applications. Mortgage applications decreased by 7.2% 26 compared to one week earlier on a seasonally adjusted basis, according to the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. in the week ending Jan.

Mortgages 381

Mortgages Fixed-rate mortgage Loans Residential 381

Housing Wire

FEBRUARY 7, 2024

Mortgage demand picked up last week as lower interest rates steered homebuyers back into the market, but activity remains weaker than a year ago because of limited inventory. Mortgage applications increased by 3.7% Mortgage applications increased by 3.7% The 30-year fixed-rate mortgage averaged 6.63% as of Feb.

Mortgages 421

Mortgages Fixed-rate mortgage Loans Residential 421

Housing Wire

FEBRUARY 14, 2024

Mortgage demand was weaker last week as interest rates moved higher across the board. Mortgage applications decreased by 2.3% 9, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. Last week, refis comprised 34.2%

Mortgages 367

Mortgages Fixed-rate mortgage Loans Residential 367

Housing Wire

JULY 18, 2023

mortgage lender, is laying off staffers in its mortgage division this week, a spokesperson confirmed on Tuesday. The announcement follows a decline in its mortgage originations in the first quarter of 2023 – the second-quarter earnings will be released on Wednesday morning. Minneapolis-based U.S. Bank , the fourth-largest U.S.

Banks 370

Banks Mortgages Residential Lending 370

Housing Wire

FEBRUARY 28, 2024

Higher interest rates in recent weeks have made a dent in housing activity, bringing down mortgage demand. Mortgage applications decreased by 5.6% 23, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. However, mortgage rates above 7% sure don’t help.” the previous week.

Mortgages 344

Mortgages Fixed-rate mortgage Loans Residential 344

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 346

Mortgages VA loan Principal Loans 346

Housing Wire

DECEMBER 4, 2023

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. is a software development company that offers a digital loan origination and POS system for the mortgage industry. in an $87 million deal in 2021.

Lending 410

Lending Mortgages Loans Technology 410

Housing Wire

JANUARY 3, 2024

Mortgage demand fell over the holidays despite declining mortgage rates. Mortgage applications decreased 9.4% 29 compared to two weeks earlier, according to data from the Mortgage Bankers Association (MBA). for the week ending Dec. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

Mortgages 345

Mortgages VA loan FHA loan Loans 345

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. Academy has originated $5 billion in mortgage loans over the last 12 months ended in January, per mortgage tech platform Modex.

Mortgages 423

Mortgages Loan Officer Loans Finance 423

Housing Wire

NOVEMBER 5, 2021

Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4% compared with its pre-COVID pace, while non-residential building remains 4.4%

Residential 310

Residential Construction Development Mortgages 310

Housing Wire

JANUARY 22, 2024

Top-35 mortgage lender New American Funding (NAF) is in negotiations to acquire Chicago-based retail shop Draper & Kramer Mortgage Corp. As part of the deal , NAF would acquire the residential mortgage arm of Draper & Kramer , a property and financial services group established in 1893 by Arthur W.

Mortgages 329

Mortgages Loan Officer Residential Loans 329

Housing Wire

JANUARY 17, 2024

Mortgage rates at their lowest level in three weeks led to an increase in borrowers’ demand for home loans last week, spreading some optimism in the industry in the first few weeks of 2024. Overall, mortgage applications rose by 10.4% Overall, mortgage applications rose by 10.4% in the week ending Jan. ”

Mortgages 417

Mortgages Fixed-rate mortgage Loans Residential 417

Housing Wire

OCTOBER 3, 2023

New r ez has launched Onward Home Mortgage , a joint venture mortgage company in partnership with Keller Williams Georgia Legacy Group (GLCG). Through the partnership with agents at Keller Williams GLG, mortgage professionals at Onward Home Mortgage and Newrez will target borrowers in the Southeast United States.

Mortgages 382

Mortgages Loan Officer Brokerage Residential 382

Housing Wire

OCTOBER 9, 2020

Supancich brings more than 25 years of experience in the workforce and talent industry to the new position, harnessing her experience to help Home Point become one of the nation’s Top-10 overall mortgage lenders by continuing to enhance its people-focused initiatives.

Residential 393

Residential Property Management Development Land 393

Housing Wire

FEBRUARY 14, 2024

Guild Mortgage ’s acquisition of Academy Mortgage Corp. It’s the largest acquisition to date for retail lender Guild, which has closed six deals since 2021, including last year’s purchases of Legacy Mortgage , Cherry Creek Mortgage and First Centennial Mortgage. The combined enterprises would represent 1.3%

Mortgages 401

Mortgages Loan Officer Loans Closing 401

Housing Wire

JANUARY 12, 2024

At least thirteen states have enacted laws requiring mortgage lenders to pay a minimum interest rate on funds held in mortgage escrow accounts,” the initial submission to the court explained. New York’s state law, they say “doesn’t prevent national banks from making real-estate loans or providing mortgage-escrow services.

Mortgages 447

Mortgages Banks Residential Loans 447

Housing Wire

MARCH 8, 2024

The Desjardins Group , a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. If other mortgage providers in Canada were to follow Desjardins’ example, the consequences for individual homeowners and the housing market at large would be sizable.

Mortgages 368

Mortgages Residential As-is Sales 368

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 464

Mortgages VA loan Finance Loans 464

Housing Wire

DECEMBER 23, 2020

LoanDepot and Brookfield Residential announced on Wednesday the creation of a joint venture, BRP Home Mortgage. BRP will deliver a streamlined mortgage experience for Brookfield Residential homebuyers, said Dan Peña, executive vice president of national joint ventures for loanDepot. Presented by: QLMS.

Residential 217

Residential Lending Loans Mortgages 217

Housing Wire

JULY 6, 2022

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. Sprout does most of its business through mortgage brokers.

Mortgages 493

Mortgages Investor Loans Residential 493

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. Sources told HousingWire that New York-based RealFi (formally known as Residential Home Funding Corp.

Mortgages 391

Mortgages FHA loan Loan Officer Loans 391

Housing Wire

APRIL 13, 2022

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Refinance applications fell 5% from the prior week and 62% from the same week a year ago, according to the Mortgage Bankers Association ‘s weekly survey. last week from 38.8%

Mortgages 496

Mortgages Residential Sales Loans 496

Housing Wire

JULY 13, 2023

AG Mortgage Investment Trust, Inc. for Western Asset Mortgage Capital Corp., AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.

Mortgages 307

Mortgages Residential Property Management Closing 307

Housing Wire

JULY 18, 2023

Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. ” Regarding mortgage lending, Barnum said it’s a cyclical business and they might pull back even further.

Lending 351

Lending Banks Mortgages Residential 351

Housing Wire

NOVEMBER 30, 2023

The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining affordability prospects will limit what the Bureau can accomplish. House of Representatives Financial Services Committee on Wednesday.

Mortgages 377

Mortgages Lending Loans Equity 377

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Banks also reported stronger demand for residential real estate loans over the second quarter, with significant demand for QM and non-QM jumbo mortgages.

Mortgages 464

Mortgages Lending Banks Residential 464

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Mortgage rates tend to align with the 10-year U.S. “Mortgage rates should be 5.55%, not 6.5%,” he said.

Mortgages 363

Mortgages Loans Residential Equity 363

Housing Wire

SEPTEMBER 6, 2022

Depository bank Citi has trimmed staffing levels in its mortgage business, following surging rates and a reorganization of its operations. . Citi has made a small number of staffing reductions within our mortgage team due to internal streamlining of functions,” a spokesperson said in a statement. compared to the same period in 2021.

Mortgages 380

Mortgages Banks Lending Residential 380