Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Consequently, 37% of homeowners say they want to move but are staying in their current home.

Backup offer 380

Backup offer Loan Officer Home sale contingency Branding 380

Housing Wire

MARCH 29, 2024

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. My parents are retired, and putting my entrepreneurial and finance hats on, I just got to see challenges they face and conversations they’ve had,” she said.

Mortgages 407

Mortgages Finance Loan Officer Equity 407

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% ” Tapping that equity.

Mortgages 391

Mortgages Equity Loans Seller concession 391

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. Presented by: Selene Finance.

Lending 366

Lending Loan Officer Finance Loans 366

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). non-Bank financial institutions at Fitch Ratings.

Equity 510

Equity Marketing Loans Bankruptcy 510

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 102

Equity Finance Loans Closing costs 102

Housing Wire

JUNE 22, 2022

UWM’s price-matching guarantee included competitors such as Amerisave, Amwest Funding , NewRez/Caliber Home Loans , Cardinal Financial, Carrington Mortgage Services , Citizen Bank/Franklin American , CMG , Equity Prime Mortgage , Finance of America Mortgage , Flagstar Bank , Freedom Mortgage Corp.,

Loans 424

Loans Loan Officer Banks Mortgages 424

Housing Wire

SEPTEMBER 7, 2023

If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted. One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Agents 387

Agents Loan Officer Lending MLS 387

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. The closer, the better.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

SEPTEMBER 1, 2022

Total Expert’s Customer Intelligence drives hundreds of new originations by looking for signals from customers of a need for mortgage financing. If you were the lender that provided the customer’s last loan, you’re usually out. This is key to overcoming borrower retention issues, a common struggle.

Equity 297

Equity Loan Officer MLS Loans 297

Housing Wire

NOVEMBER 18, 2022

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. Aurora, Colorado-based American Financing Corporation has started to layoff 63.6% American Financing Corporation originated $4.13 PenFed originated $5.74

Industrial 404

Industrial Loan Officer Loans Lending 404

Housing Wire

APRIL 25, 2022

Founded in 2003 by mortgage broker Ron Leonhardt, CrossCountry originated $52 billion in mortgages in 2021, up 22% year-over-year, checking in as the 17th biggest lender in the country, according to Inside Mortgage Finance. It has about 350 loan officers and roughly 100 retail branches. . LendUS doesn’t have quite the same heft.

Purchase and sale agreement 382

Purchase and sale agreement Loan Officer Loans Mortgages 382

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. via a high street bank,” Garg said. “We ’s $1.5 We researched the U.K.

Brokerage 384

Brokerage Mortgages Loan Officer Banks 384

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo will be providing severance and career counseling, and helping affected employees identify other positions within the bank.

Mortgages 413

Mortgages Loan Officer Lending Loans 413

Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). The lawsuit states that Kortas controls the company, bank accounts, and profit distributions.

Loan Officer 359

Loan Officer Brokerage Mortgages Loans 359

Housing Wire

MARCH 1, 2021

Want to make sure you’re getting the best deal and making the right choice for your finances? These mortgages come with lower interest rates, a quicker payoff timeline and the opportunity to build equity much faster than 30-year loans. And who couldn’t use an extra $60,000 in the bank?). It doesn’t stop there.

Mortgages 424

Mortgages VA loan Loans Loan Officer 424

Eye on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

Loans 120

Loans Loan Officer Commercial Lending 120

Housing Wire

FEBRUARY 10, 2023

They would take a line of credit or an equity loan or a personal loan. The only refis we’ve seen are either late financing type refis or a divorce situation, [and] literally nothing else. Kechian : Individual loan officers mostly, [and] no other teams besides mine. I do see that changing, though.

Marketing 363

Marketing Loan Officer Loans Mortgages 363

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Those who are tired of paying rent are purchasing homes and starting to build equity, according to Wax.

Loan Officer 376

Loan Officer Loans Pre-approval Mortgages 376

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” For example, bank regulators in July released a plan to increase capital requirements for residential mortgages, the Basel III Endgame rules. ” Another opportunity is in the home equity space.

Equity 338

Equity Banks Investor Residential 338

Housing Wire

SEPTEMBER 5, 2023

SW: The cost of origination has been front and center for mortgage banking executives. It’s so important in this market that when a buyer puts an offer on a home, it’s 100% clear that financing is available and ready to support the purchase. How are the most successful mortgage executives prioritizing their resources right now?

Technology 358

Technology Mortgages Loans Industrial 358

Housing Wire

JUNE 15, 2022

. “Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

Mortgages 381

Mortgages Loans Investor Equity 381

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). According to the Mortgage Bankers Association , total loan production expenses exceeded $9,000 per loan in Q3 2021. This isn’t good.

Technology 343

Technology Brokerage Lending Mortgages 343

Realty Biz

OCTOBER 3, 2023

The list of real estate agents and teams on the A-List was produced again by leading-industry observer RealTrends in partnership with Bank of America. with Equity Union in Encino, Calif. was the top loan originator by mortgage units with 400 closed mortgages in 2022. AREAA honored 167 individual agents and teams a year ago.

Agents 110

Agents Banks Mortgages Loans 110

Realtor.com

APRIL 5, 2021

It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only home loans are adjustable-rate mortgages, or ARMs , says Scott Sheldon , a senior loan officer and consumer advocate in Sonoma County, CA.

Loans 122

Loans Mortgages Principal Equity 122

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 441

Mortgages Loan Officer Loans Equity 441

Realtor.com

MARCH 12, 2021

Lenders consider credit history, income and home equity when evaluating applications. A lot of borrowers don’t want the uncertainty,” said Malcom Hollensteiner, head of mortgage production at Sandy Spring Bank in Olney, Md. So if they can save 12 years off the loan, it’s a huge interest savings over time.”.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

HomeLight

AUGUST 31, 2021

“The down payment is showing the bank that you’re putting some skin in the game,” says Helali. Every time a bank provides somebody with a loan, the bank’s essentially investing in that person.”. Basically, you’re showing the bank that their investment is safe and you’re unlikely to stop making payments.

FHA loan 98

FHA loan VA loan Loans Loan Officer 98

Real Trends

JULY 15, 2022

Today, people who own their homes aren’t willing to spend all their equity in their house compared to 15 years ago, so they aren’t interested in lowering its price. Also, lending guidelines are much tighter today than in previous years so banks aren’t approving risky loans to potential buyers. Access to Data.

Loan Officer 52

Loan Officer Agents Rent back Finance 52

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. Bank, Citi and Bank of America looking to expand the ranks of LOs. Bank, Citi and Bank of America looking to expand the ranks of LOs.

Mortgages 441

Mortgages Banks Brokerage Loans 441

HomeLight

SEPTEMBER 30, 2020

Keep an eye on interest rates,” says Los Angeles-based loan officer Dan Hunt. I have done many refinances over my career that have saved homeowners hundreds of dollars per month and tens of thousands over the life of the loan.”. Have the loan underwritten and go through closing again. Get the home appraised.

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Realtor.com

NOVEMBER 27, 2022

Although the refinancing process can take awhile, it’s definitely worth considering if you want to take advantage of a lower interest rate or withdraw some cash from your home equity (check a refinance calculator to see if refinancing makes sense for you). Why refinance a mortgage?

Mortgages 111

Mortgages Closing costs Loans Loan Officer 111

Housing Wire

MAY 16, 2022

As banks and non-bank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios. billion in the broker channel last year, according to Inside Mortgage Finance. .

Principal 370

Principal Banks Loans Lending 370

Housing Wire

OCTOBER 23, 2023

lender in 2022 to 13th in the first half of 2023, per Inside Mortgage Finance estimates. The direct-to-consumer channel is more home equity and refi-driven; they do some purchases, but it’s primarily that. We have a very large contingent of loan officers and branch networks. We’re stable. Do people get offers?

Technology 404

Technology Loan Officer Loans As-is 404

Housing Wire

FEBRUARY 10, 2022

That figure includes loans in forbearance, if they are past-due based on the loan’s original terms. The average credit score for loans Freddie Mac purchased also fell slightly, from 759 in 2020 to 753 in 2021. The Federal Housing Finance Agency has prioritized expanding access to credit while prioritizing safety and soundness.

Loan Officer 392

Loan Officer Finance Loans Banks 392

HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. Buyers should arrange financing with a bank or mortgage lender ahead of time. After you’ve got your finances in order, it’s time for the fun part.

Pre-approval 94

Pre-approval Pre-qualification FHA loan Inspection 94

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Loan Officer 347

Loan Officer Mortgages Loans Banks 347