Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. Confidence rose in the Northeast to 53, signaling that builders there are slightly optimistic about market conditions. 2019 level.

Closing 466

Closing Closing costs Sales Mortgages 466

Housing Wire

SEPTEMBER 2, 2022

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. million shares outstanding at a market price of $17.80

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Closing Marketing Investor Banks 458

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. But experts also say the situation is not as bad as the one experienced during the COVID-19 pandemic.

Industrial 458

Industrial Closing FHA loan Loans 458

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

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Closing Marketing Title Title search 350

Housing Wire

APRIL 18, 2024

The challenges in today’s mortgage market have caused many originators to expand their loan product offerings outside of qualified mortgage (QM) criteria set by the Consumer Financial Protection Bureau (CFPB). Those who have adopted non-QM are seeing additional loans closed each month they otherwise wouldn’t have procured.

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Marketing Loans Investor Banks 431

Housing Wire

APRIL 25, 2024

On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the company’s brand visibility. “I’m absolutely thrilled to join eXp Realty.

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Marketing Branding Brokerage Staging 416

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

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Loans Pre-approval Closing Marketing 397

Housing Wire

DECEMBER 20, 2021

The automated loan document preparation and eMortgage services provider claims the new platform delivers a clear-cut, highly accurate decision telling users exactly how far they can take their closing digitally based on the unique attributes of the loan transaction and the county-level eRecording acceptance.

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Closing Loans Investor Title 466

Housing Wire

SEPTEMBER 24, 2023

In addition, jobless claims data had another solid print, showing that the labor market hasn’t broken yet, which led to more selling of the 10-year yield. The 10-year yield fell on Friday, bringing some relief, but we got very close to yearly highs for mortgage rates. The yearly high is 7.49%. 15: 61,852 Sept.

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Closing Mortgages Sales As-is 485

Housing Wire

MAY 25, 2023

SoftPro , the nation’s top provider of title , closing, and escrow software, announced on Thursday that it has launched ClosingsLIVE, a cutting-edge communication portal for real estate settlements. SoftPro is a leading provider of title, closing, and escrow software in the United States.

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Closing Title Branding Technology 384

Housing Wire

AUGUST 25, 2023

Closing the gap is paramount to uplifting individuals and households from underserved communities. In addition to addressing financial hurdles, we need to tackle some of the other barriers to closing the homeownership gap, including financial education. Unfortunately, for many, it can feel like a pipedream.

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Closing Equity Mortgages Industrial 370

Housing Wire

APRIL 18, 2023

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

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Closing Title Loan Officer Technology 383

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. We’ve seen savings of up to 30% in difficult markets like Texas and Florida.

Debt-to-income ratio 410

Debt-to-income ratio Closing Loans Closing costs 410

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

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Closing Mortgages Industrial Loan Officer 432

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. Beginning May 5, Redfin Next will be available in seven markets outside the Golden State —including Chicago, Connecticut, Dallas, Miami, New York City, Washington, D.C.,

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Agents Marketing Brokerage Technology 421

Housing Wire

JUNE 1, 2022

This was up from $9,140 per loan in the third quarter as the market transitioned from a rate-term refinancing market to a purchase and cash-out refinancing market. One avenue to reduce cost and streamline the closing process is to offer digital closings. Consumers are worried too. About half of U.S.

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Closing Title Loans Technology 410

Housing Wire

JULY 1, 2022

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or or MIAC Analytics) released bid documents for an MSR offering it is brokering that exceeds $5 billion in value.

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Closing Marketing Loans Mortgages 370

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). That leaves loanDepot’s market share down to 2.4%. “We are not going to chase market share,” Martell told analysts. million loss in the first quarter of 2022.

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Closing Principal Lending Loans 479

Housing Wire

SEPTEMBER 2, 2021

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. Recent trends indicate that the mortgage market is beginning to see the end of the refinance boom and enter a purchase heavy market.

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Technology Closing Loan Officer Mortgages 432

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Last year, Homepoint shut down operations, while Wells Fargo closed its correspondent lending business.

Mortgages 466

Mortgages Marketing Lending Banks 466

Realtors Property Resource

MARCH 24, 2024

Find out when a listing moves from Closed to Off-market. The post How long is a listing flagged as Closed? appeared first on Realtors Property Resource (RPR).

As-is 52

As-is Closing Marketing 52

Housing Wire

NOVEMBER 1, 2022

Rocket Companies on Tuesday launched a loyalty program to attract potential homebuyers into its ecosystem amid one of the most challenging mortgage markets in decades. In the first phase of the program, customers can use points to get discounts on their closing costs when purchase a home through the subsidiary Rocket Mortgage.

Closing costs 421

Closing costs Closing Loans Mortgages 421

Housing Wire

DECEMBER 5, 2022

Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit. The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends.

Closing 397

Closing Equity Loans Mortgages 397

Housing Wire

DECEMBER 17, 2021

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. The post 2022 Tech100 nominations are closing soon!

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Closing Technology Mortgages Agents 397

Housing Wire

SEPTEMBER 28, 2021

But as lenders scrambled to keep up with demand, closing errors naturally crept in. In the wake of this unparalleled volume, companies across the housing industry have been working to increase the efficiencies of the entire lending process – including getting closings correct the first time around. But Snapdocs isn’t stopping there.

Closing 370

Closing Lending Title Loans 370

Housing Wire

AUGUST 14, 2020

For the past two weeks, HousingWire took a deep dive into the effects an accelerated market can have on appraisal turn times and the delta between appraisal ratings and market forecasts. I get it, the seller needs to move, but doing a quick closing to incentivize the seller to accept your offer is no longer a selling point.

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Closing Lending Loan Officer Title 485

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020. million, up from 1.03

Marketing 539

Marketing Sales Mortgages Days on market 539

Housing Wire

JANUARY 12, 2022

“Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed. The year prior, Stearns originated $20 billion in loans.

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Closing Loan Officer Loans Lending 384

Housing Wire

MAY 10, 2023

The data also suggests that the economy is close to peak rent inflation—lower monthly rent prices have been recorded for two consecutive months, and the price growth for new leases is still decelerating. According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. compared to a year prior.

Closing 384

Closing MLS Construction Banks 384

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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Closing Mortgages Lending Technology 396

Housing Wire

JUNE 22, 2023

The company claims it keeps costs low and uses targeted marketing techniques to pass savings to its borrowers through lower rates. In May, Planet closed a $150 million increase to its conventional MSR facility because, “Naturally, companies need bigger lines as they grow,” Dubeck said. “We bought $12.5

Closing 370

Closing Lending Loans Commercial 370

Housing Wire

APRIL 4, 2022

22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Cracking the code on marketing to the realtor channel. The post Redfin closes $138M deal for mortgage lender appeared first on HousingWire. Presented by: 1000watt.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

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. of their loan amount to put toward closing costs, helping defray upfront costs. Those borrowers are eligible to receive an additional 0.5%

Closing costs 397

Closing costs Closing Agents Mortgages 397

Housing Wire

FEBRUARY 10, 2023

Mr. Cooper expects the deal to close mid-year following regulatory approval, but the plan is to go to market in the second half of 2023. Its investments started with the most credit-sensitive residential market segments and have evolved to all U.S. residential markets over the last decade.

Closing 370

Closing Investor Residential Loans 370

Housing Wire

DECEMBER 5, 2023

The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing and communications group starting Dec. With more than 25 years of experience, Bouhia is a marketing and communications veteran.

Marketing 431

Marketing MLS Branding Industrial 431

Housing Wire

MARCH 18, 2022

I closed 28 H4P transactions last year, over 1% of the national total. My market share in this area continues to grow steadily even though on a national level it is stagnant or even declining.”. My market share in this area continues to grow steadily even though on a national level it is stagnant or even declining.”.

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Loans Closing Mortgages Equity 520

Housing Wire

FEBRUARY 16, 2024

To take advantage of the shifting market, two key areas that loan originators should be focusing on are “nurturing and cementing relationships with preapproved borrowers,” said Tim Braheem, founder and chief content creator of The Loan Atlas. Braheem aims to have 1,000 members by the end of the year compared to the current group of 140.

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Mortgages Loan Officer Marketing Loans 410