Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

Lending 416

Lending Sales Commercial Loans 416

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire.

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

FEBRUARY 8, 2024

E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign had 7,336 employees at the end of 2023.

Sales 427

Sales Banks Technology Investor 427

Housing Wire

AUGUST 4, 2022

Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout. Spreads on both agency and non agency mortgages increased to new highs in a matter of weeks,” Johan Gericke, CFO of Finance of America, told analysts. on Thursday, down 1.5%

Finance 395

Finance Commercial Mortgages Closing 395

HomeLight

MAY 8, 2024

As is” is a type of home sale where it’s understood that no improvements will be made to the property. An as-is sale may also indicate that the functionality and longevity of specific home components, such as the water heater or the roof, are in less than perfect condition and may need considerable repair.

As-is 106

As-is Inspection Finance Residential 106

Housing Wire

MAY 9, 2022

Fast-rising interest rates hit Finance of America Companies hard in the first quarter of 2022 and the company cut almost 600 jobs compared to one year ago. . Meanwhile, gain-on-sale margins declined from 3.41% in Q1 2021 to 2.52% in Q4 2021 and then to 2.11% in Q1 2022. The lender’s traditional mortgage business reached $5.1

Finance 370

Finance Commercial Mortgages Investor 370

Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data.

Sales 469

Sales Days on market Mortgages Investor 469

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte.

Sales 370

Sales Lending Loans Finance 370

Housing Wire

SEPTEMBER 28, 2023

Mirroring the trend for new home sales , pending home sales fell 7.1% Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July. Despite falling in August, new home sales remained 5.8% Existing home sales also fell in August, down 15.3%

Sales 475

Sales MLS Mortgages Closing 475

Housing Wire

AUGUST 23, 2023

After a slump in June, the sales pace of new homes picked up month over month in July, according to data published on Wednesday by the U.S. In July, the sales pace of new homes climbed 4.4% On a year-over-year basis, new home sales were up 31.5%. On a year-over-year basis, new home sales were up 31.5%. It was up 4.8%

Sales 370

Sales MLS Finance Mortgages 370

Housing Wire

AUGUST 9, 2023

The company’s total gain-on-sale margins decreased to 88 basis points in Q2 2023, compared to 92 bps in Q1 2023 and 99 basis points in Q2 2022. Gain-on-sale margins are expected to be between 75 bps and 100 bps. UWM originated $31.8 UWM anticipates the third quarter production to be between $26 billion and $33 billion. UWM had $294.9

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Sales 417

Sales Mortgages Loan Officer Loans 417

Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. mortgage lender in the first nine months of 2023, per Inside Mortgage Finance (IMF) estimates. Shelton declined to comment. It originated $15.46

Loan Officer 415

Loan Officer Sales Loans Mortgages 415

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, New home sales fell 5.6% New home sales fell 5.6% down from 72.6 in September.

Sales 475

Sales New Construction Construction Mortgages 475

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said. housing market.”

Finance 370

Finance Marketing Lending Investor 370

Housing Wire

JANUARY 29, 2021

Over the past six months, mergers and acquisitions, huge financing rounds and public offerings have dominated headlines across the real estate and housing finance sector. This level of action is keeping finance executives like Jeremy Collett , Executive Director, Capital Markets at Guaranteed Rate busier than ever.

Finance 367

Finance Industrial Mortgages Loans 367

Housing Wire

DECEMBER 20, 2023

Sales of existing-homes inched up in November, breaking a streak of five consecutive monthly declines. While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. Existing-home sales grew 0.8% Existing-home sales grew 0.8% Looking at the four major U.S.

Sales 427

Sales Fixed-rate mortgage MLS Mortgages 427

Housing Wire

FEBRUARY 7, 2024

Census Bureau data on housing inventory estimates details two cycles this decade – the onset of the pandemic and the rise of interest rates – that have been catastrophic for the nation’s for-sale housing inventory. The number of owner-occupied homes skyrocketed, quickly depleting the number of vacant for-sale homes.

Sales 427

Sales Mortgages Equity Marketing 427

Housing Wire

OCTOBER 26, 2023

Pending home sales ticked up 1.1% NAR’s Pending Home Sales Index rose to a reading of 72.6 Pending homes sales mirrored the trend in new home sales , which posted a 12.3% Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in September. increase in September.

Sales 407

Sales New Construction Mortgages Construction 407

Housing Wire

APRIL 20, 2023

monthly increase in February , breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. Existing home sales dropped 2.4% On a year-over-year basis, sales were down 22%. After posting a surprising 14.5%

Sales 383

Sales Mortgages Construction Finance 383

Keeping Current Matters

JUNE 9, 2021

The demand for housing is up while the supply of homes for sale hovers at historic lows. Going forward, if the number of homes for sale better aligns with demand, price appreciation will moderate to more historical levels. Today, prices are driven by the simple concept of supply and demand. However, this may be changing.

As-is 270

As-is Residential Finance Sales 270

Housing Wire

JULY 18, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. This is the index’s highest reading since June 2022.

Sales 370

Sales Construction New Construction Finance 370

Housing Wire

NOVEMBER 22, 2023

The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected. With mortgage rates having previously soared to around 8% , existing home sales will likely decline further to bottom out in early 2024. Existing home sales declined 4.1% Existing home sales declined 4.1% million in 2023, 4.7

Sales 427

Sales Mortgages Land As-is 427

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. In his role as national sales director at Movement, Yeager will focus on the company’s growing sales team. and is licensed in 50 states.

Sales 370

Sales Loan Officer Lending Residential 370

HomeLight

JANUARY 22, 2024

This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale. Sell 'As Is' With a Cash Offer in Virginia HomeLight’s Simple Sale platform will provide a no-obligation, all-cash offer for Virginia homes in almost any condition. Yes Is a real estate attorney required?

As-is 107

As-is Inspection Renovation Equity 107

Housing Wire

SEPTEMBER 19, 2023

Still, the downside risk to home sales is limited as more sales are being driven by life events, according to Fannie Mae ’s Economic and Strategic (ESR) Group. As more sales are driven by life events and fewer are from discretionary move-up buyers, Fannie Mae sees limited further existing home sale downside.

Sales 437

Sales Mortgages As-is Marketing 437

Housing Wire

MAY 24, 2024

Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release. John Hummel Prior to joining U.S. Founded in 1863, U.S.

Banks 425

Banks Lending Loan Officer Loans 425

Housing Wire

MAY 17, 2024

The National Reverse Mortgage Lenders Association (NRMLA) this week announced that Jonathan Scarpati, senior vice president of wholesale production at Finance of America (FOA), has joined its board of directors for the remainder of the 2024 term. Scarpati expressed excitement for his new role.

Equity 416

Equity Finance Lending Industrial 416

HomeLight

DECEMBER 31, 2023

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

As-is 105

As-is Inspection Finance Loans 105

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Sales 407

Sales Mortgages Closing As-is 407

Housing Wire

MAY 22, 2024

Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance. Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement. He also held various executive positions at Bank of America for 16 years. “We

Lending 416

Lending Development Loan Officer Finance 416

Housing Wire

SEPTEMBER 28, 2020

The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels when new home sales data was really good. No, this is not a new home sales housing bubble as we are far from total new home sales being where they were in 2005. The builders are not a public service.

Sales 529

Sales Mortgages Finance As-is 529

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 454

Sales New Construction Staging Mortgages 454

Housing Wire

DECEMBER 2, 2020

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. The gain-on-sale margin for the third quarter was 4.69%, well above the 4.19% recorded in the second quarter. The company funded $9.17 Presented by: WFG.

Finance 313

Finance Lending Commercial Title 313

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. In June, the sales pace of new homes fell 2.5% On a year-over-year basis, however, new home sales were up 23.8%. from a month prior, but down 3.6%

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

Purchase and sale agreement 417

Purchase and sale agreement Sales Closing costs Closing 417

Housing Wire

APRIL 27, 2022

First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. The post First Community Mortgage names new regional sales manager appeared first on HousingWire. Raich plans on “hiring account executives across the U.S.

Sales 370

Sales Mortgages Banks Lending 370