Housing Wire

FEBRUARY 15, 2024

We’ve done the hard work in 2023 to be leaner, to be more agile, to be able to rescale the business in a sustainable fashion.” Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022. After posting a $1.4 billion for full year 2023.

Investor 341

Investor As-is Marketing Mortgages 341

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. For lenders, the market offers the prospect of a new and growing line of business.

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Title Finance Lending Loans 417

Housing Wire

NOVEMBER 3, 2023

When it comes to marketing your real estate business, video is king. Here are 13 video marketing best practices for your real estate business. Videos for your real estate business are no different. Engagement builds relationships and trust — exactly what you need to build your business.

Marketing 499

Marketing Title As-is Technology 499

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I Wells Fargo’s correspondent lending business was already in a freefall.

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Lending Finance Mortgages Banks 510

Housing Wire

JUNE 20, 2023

During this National Homeownership Month in particular, homeowners should be wary of a new business practice preying upon vulnerable homeowners — non-title recorded agreements for personal service ( NTRAPS ), long-term listing agreements that entrap consumers. Together, we can end this predatory business practice once and for all.

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Purchase and sale agreement Title Land Brokerage 378

Housing Wire

FEBRUARY 12, 2024

The start to 2024 When asked about how business has progressed in the early days of the year, Robinson said that the company is focused on looking ahead at potential interest rate relief and any changes in Federal Reserve policy that may come.

Loan Officer 407

Loan Officer Loans Mortgages Lending 407

Housing Wire

OCTOBER 16, 2023

The way I see it, there are two types of people in the mortgage space right now: those who are simply waiting around for rates to drop and those who are putting in the work to better their business. At UWM, we ensure our clients have a full suite of resources to help them grow their business in any market. They want the house.

Marketing 380

Marketing Loans Mortgages Agents 380

Housing Wire

FEBRUARY 2, 2024

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We This is the second title-affiliated business agreement eXp has announced in the past year.

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Closing Title Brokerage Agents 316

Housing Wire

MAY 25, 2023

has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. Texas-based Colonial Savings, F.A.

Mortgages 370

Mortgages FHA loan Loan Officer Banks 370

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29

Lending 367

Lending Banks Finance Loans 367

Housing Wire

DECEMBER 15, 2023

2 position among business news podcasts in the United States. About HousingWire: HousingWire is an information services company that provides unique data and research, respected business journalism and must-attend events for housing leaders to use to advance their understanding and business outcomes.

Branding 359

Branding Industrial Mortgages Marketing 359

Housing Wire

NOVEMBER 2, 2023

In addition, the Nationwide Multistate Licensing System (NMLS) shows that Jacksonville, Florida-based Smart Rate is no longer authorized to conduct business as of Oct. Strauss’s restriction to do business started Oct. 3, indicating a voluntary surrender.

Loan Officer 418

Loan Officer Bankruptcy Loans Residential 418

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. It will also include the company’s local traditional consumer mortgage and construction-to-permanent businesses.

Banks 400

Banks Mortgages Lending Commercial 400

Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in.

Mortgages 402

Mortgages Loan Officer Lending Loans 402

Housing Wire

JUNE 5, 2023

The lender is also consolidating its business line in response to another financial loss in the first quarter of 2023. Sidi joined loanDepot in March 2022 , when the lender created a new business division called mello to operate side-by-side with the company’s mortgage origination and servicing division.

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Equity Title Mortgages Finance 365

Housing Wire

SEPTEMBER 8, 2022

But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. How marketing automation saved Mike’s business. Thanks to this technology, most of his customers and business partners didn’t even know he was sick.

Marketing 414

Marketing Technology Loan Officer Loans 414

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. “It’s very different today running a mortgage business inside the bank than it was 15 years ago, and I think appropriately so,” he said. How big do you want to be?

Mortgages 403

Mortgages Lending Banks Investor 403

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February.

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Title Closing Sales Finance 308

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

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Lending Banks Loans Mortgages 325

Housing Wire

MAY 30, 2023

Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. We are fully committed to our lending business, which supports independent mortgage originators,” UBS spokesperson Erica Chase told Bloomberg in an email.

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Closing Mortgages Banks Lending 356

Housing Wire

NOVEMBER 2, 2023

residential mortgage industry” for its mortgage business outperforming in Q3 even as the industry experienced a nearly 20% decline in origination volumes. We don’t have a business of selling leads to real estate brokers and the like. ICE attributed “an analog to digital conversion occurring in the U.S.

Industrial 263

Industrial Mortgages Technology Loan Officer 263

Housing Wire

FEBRUARY 21, 2023

Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. FOA announced its intention to exit the forward mortgage originations business in late 2022 by winding down the operations of Finance of America Mortgage.

Commercial 316

Commercial Lending Finance Title 316

Housing Wire

NOVEMBER 2, 2021

On Tuesday Zillow announced it will be shutting down its Offers business, which wasn’t too much of a shock considering how their stock had been performing for some time. The post How Zillow’s model crushed its iBuying business appeared first on HousingWire. Exclusive access to the HW+ Slack community and virtual events.

Sales 483

Sales As-is Marketing 483

Housing Wire

SEPTEMBER 21, 2022

The new mortgage warehouse business joins Fifth Third’s correspondent lending group, capital markets whole-loan trading desk and Treasury management solutions team in serving mortgage bankers across the country. “Our Our resources and focus on relationships position us to provide solutions to our clients’ most pressing business problems.”.

Lending 380

Lending Banks Commercial Finance 380

Housing Wire

APRIL 13, 2023

The bank, consisting of 25 branches in the Southeast and operations in the Midwest, serves mortgage, small business administration (SBA) and USDA customers. First Federal Bank, a community-based mutual institution headquartered in Lake City, Florida, has assets of more than $3.6 billion, according to its website.

Banks 365

Banks Mortgages Loan Officer Residential 365

Housing Wire

FEBRUARY 22, 2024

Growing and changing is vital to expand your services and business growth so that you can tailor services in REO. Demand for existing homes — including REO assets — outpaces the available supply.

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Due diligence Marketing Mortgages New Construction 360

Housing Wire

JUNE 20, 2023

In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson. Prior to joining Truist, Smith led the mortgage lending, insurance and title businesses affiliated with Keller Williams. Truist, a top U.S. according to the IMF data.

Mortgages 339

Mortgages Lending Title Banks 339

Housing Wire

JANUARY 31, 2022

The nonbank mortgage lender is expanding its consumer direct lending business while some competitors are laying off employees with the expectation that the channel cools down with higher mortgage rates. PennyMac is growing fast with its consumer direct lending business. California-based PennyMac Financial Services will invest $3.9

Lending 301

Lending Loan Officer Mortgages Loans 301

Housing Wire

AUGUST 29, 2023

A group of banks in Kentucky is seeking to block the implementation and enforcement of the Consumer Financial Protection Bureau (CFPB)’s small business lending rule , the latest in a series of challenges brought by parties including legislators and industry groups. The rule, which was finalized in March, fulfills a mandate from Congress.

Lending 337

Lending Banks Industrial 337

Housing Wire

JULY 15, 2022

The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. According to Scharf, the bank is reassessing what makes sense in mortgage lending – in the servicing business, the primary focus should be on serving its customer base.

Mortgages 405

Mortgages Lending Banks Brokerage 405