Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. (To

Closing costs 393

Closing costs Closing Agents Mortgages 393

Housing Wire

MARCH 25, 2024

On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. Under the current system, the buyer agent’s commission is baked into the price paid for a home.

Agents 433

Agents VA loan Loans Mortgages 433

Housing Wire

APRIL 24, 2024

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Alongside Gallo, Mehmet Elmas was also named in the complaint, filed by a special agent working under the Office of the Inspector General (OIG) at the Federal Housing Finance Agency (FHFA).

Mortgages 543

Mortgages Loans Banks Finance 543

Housing Wire

OCTOBER 3, 2023

HousingWire recently spoke with Ashley Terrell, chief revenue officer at Milestones , about the value of real estate agents and why it is critical for the industry to start helping buyers’ agents justify their value not only during the 30-60 day transaction period but through the 7-10 year period of homeownership. What’s driving this?

Agents 414

Agents Staging Technology Industrial 414

Housing Wire

APRIL 18, 2024

The recent hotter-than-expected inflation reading sent mortgage rates upward. On Thursday, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.31%, up from 7.19% a week earlier. Mortgage applications, for instance, increased for the second week in a row on the back of a strong economy.

Mortgages 409

Mortgages Loans Agents Marketing 409

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 450

VA loan Agents Seller concession FHA loan 450

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. But after concerns were brought to the attention of policymakers during the proposal’s comment period, the U.S.

Mortgages 412

Mortgages Closing costs Equity Construction 412

Housing Wire

FEBRUARY 22, 2024

As demand for homes continues to outpace new listings, CrossCountry Mortgage (CCM) is introducing a new cash-offer product, the company announced Thursday. The Cleveland -based retail mortgage lender unveiled CCM CashPlus to help buyers gain an edge in the bidding process by turning preapprovals into cash offers. this past September.

Loans 404

Loans Mortgages Finance Agents 404

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Relatedly, the commission rates could decline by 200 bps or more.

Agents 471

Agents Purchase and sale agreement Brokerage Finance 471

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

VA loan 433

VA loan Mortgages Loans Agents 433

Housing Wire

JANUARY 17, 2024

mortgage lender United Wholesale Mortgage (UWM) has rebranded its consumer-facing website FindAMortgageBroker.com to Mortgage Matchup. The DNA and mission of this website has not changed, rather Mortgage Matchup provides a new visual identity to help us resonate with consumers in a more modern, approachable way. “The

Mortgages 433

Mortgages Loans Finance Agents 433

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgages 396

Mortgages Technology Equity Renovation 396

Real Estate News

MAY 6, 2024

Mortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.

Mortgages 249

Mortgages Agents Closing 249

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 423

Mortgages Loans Equity Principal 423

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether? Enter the savvy seller.

Pre-approval 450

Pre-approval Agents Loan Officer Seller concession 450

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. Proprietary product offerings are on the table as well.

Mortgages 409

Mortgages Loan Officer Investor Lending 409

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 433

Lending Mortgages Loans Technology 433

Housing Wire

APRIL 24, 2024

As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. With the right ambassador, that task is made simpler.

Mortgages 412

Mortgages Loan Officer Principal Loans 412

Housing Wire

FEBRUARY 8, 2023

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.

Brokerage 370

Brokerage Mortgages Lending Technology 370

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 414

Mortgages Loan Officer Brokerage Residential 414

Housing Wire

AUGUST 4, 2023

agent count, RE/MAX Holdings , the parent company of the real estate giant RE/MAX , stayed in the black during the second quarter of 2023. agent count, but it noted that it was partially offset by growth in Motto Mortgage and wemlo. agent count, but it noted that it was partially offset by growth in Motto Mortgage and wemlo.

Agents 370

Agents Mortgages Brokerage Branding 370

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

Mortgages 404

Mortgages Investor Staging Agents 404

Housing Wire

FEBRUARY 26, 2024

Mortgage originators who seek success in 2024 need to move with confidence and adaptability. Identify potential market impact The mortgage market is feast or famine, with origination volumes varying between high and low extremes. Evolve offerings with market demand Innovation in the mortgage market still exists.

Mortgages 423

Mortgages Loans Industrial Marketing 423

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot.

Loan Officer 414

Loan Officer Loans Mortgages Agents 414

Housing Wire

NOVEMBER 15, 2023

Luckily, the mortgage industry is cyclical, so let’s take a look at how you can turn a negative into a positive and grab clients’ attention through effective marketing , ultimately growing your book while others’ shrink. Below are a few ways originators can best present themselves to real estate agents and stand out in a saturated market.

Mortgages 414

Mortgages Marketing Agents Industrial 414

Inman

NOVEMBER 23, 2023

A big drop in mortgage rates has resulted in holiday rejoicing for agents and hopeful buyers. Make sure you're ready to work with them.

Agents 206

Agents Mortgages 206

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgages 414

Mortgages Loan Officer Loans Banks 414

Inman

MARCH 18, 2024

If homebuyers are no longer willing to pay full commissions, what happens to lender programs that incentivize consumers to work with partner real estate agents?

Agents 194

Agents Mortgages Closing costs Closing 194

Housing Wire

NOVEMBER 7, 2023

Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners , in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey, the lender announced on Monday. The joint venture mortgage company is led by Margaret Bernabei, a former branch manager at a CrossCountry Mortgage outpost.

Mortgages 404

Mortgages Principal Brokerage Lending 404

Housing Wire

JANUARY 10, 2024

Most agents seldom sell homes, according to a new study published by the Consumer Federation of America last week. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S. sell at most five homes in a year. On this, NAR has previously reached the same conclusion.

Agents 424

Agents Sales Residential Commercial 424

Inman

NOVEMBER 1, 2023

Zillow is shoring up its Home Loans business by ratcheting up pressure on Flex agents, who refer clients to the mortgage arm or risk losing future leads, tech advisor Mike DelPrete writes.

Agents 188

Agents Mortgages Loans 188

Housing Wire

FEBRUARY 23, 2024

agent count, meanwhile, fell from 58,719 at end of 2022 to 55,131 at end of 2023. The company’s global agent count is up 0.6% annually to 144,835, due to slight growth in its Canadian agent count and a strong uptick in its international agent count, the latter of which rose from 60,175 at the end of 2022 to 64,536 at the end of 2023.

Agents 404

Agents Brokerage Branding Investor 404

Inman

NOVEMBER 21, 2023

After exceeding 8 percent in October, rising mortgage rates overtook "lack of housing inventory" as the top concern for real estate agents, according to the results of the latest monthly Inman Intel Index.

Agents 189

Agents Mortgages Marketing 189

Housing Wire

SEPTEMBER 19, 2023

Appraisals are required for homes financed with any type of mortgage. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price. Why are appraisals important? Educating your client is part of how you earn your commission.

Agents 442

Agents Inspection Sales Commercial 442

Housing Wire

JANUARY 23, 2024

The Trade-In Mortgage powered by Calque The Trade-In Mortgage is a white-labeled ‘buy before you sell’ solution that is simpler and more cost-effective than competing products. 2 There is no cost to lenders or agents who want to use The Trade-In Mortgage. Just check our website – we don’t have an NMLS! #2

Backup offer 404

Backup offer Mortgages Lending Branding 404

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The final mortgage rate, however, will ultimately be different for every borrower’s situation.

Mortgages 424

Mortgages Loan Officer Loans Finance 424

Housing Wire

JANUARY 29, 2024

We played mortgage rate ping-pong, had unprecedented low levels of inventory and still there were escalating prices. Make the decision today that this is your year It’s your year in spite of mortgage rates, inventory levels, who your broker is, who gets elected and what you hear on TikTok about the market.

Agents 433

Agents Land Closing Mortgages 433