Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 426

Mortgages Equity Loan Officer Loans 426

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing.

Loan Officer 477

Loan Officer Loans Lending Mortgages 477

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 477

Finance Seller concession Loan Officer Loans 477

Housing Wire

JANUARY 30, 2025

Tom Davis: When you’re working with a professional and you want expertise, you’re going to want to work with someone who is the expert in your market. Davis: Either you take market share or someone takes yours, right? Financing for mid-tier builders has become less liquid or choppy compared to the mega builders, right?

New Construction 312

New Construction Construction Marketing Equity 312

Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

Loan Officer 426

Loan Officer Pre-approval Technology Loans 426

Housing Wire

APRIL 22, 2025

housing market, with more listings hitting the market and warmer weather making it easier for buyers to tour homes and explore their options. This means empowering loan officers with the tools and training they need to serve todays buyersfast preapprovals, clear communication and seamless closings.

Loan Officer 358

Loan Officer Finance Loans Mortgages 358

Housing Wire

NOVEMBER 1, 2024

About one in three (35%) received special financing, while 26% made their purchase offer contingent upon a lower rate. Zillow home trends expert Amanda Pendleton noted a trend of new buyers thinking outside the box when it comes to mortgage financing.

Mortgages 316

Mortgages Finance Loan Officer Loans 316

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., million in Q2 2024 related to mark-to-market impacts on its lock pipeline. million in cash, restricted cash, short-term investments and self-funded loans. In terms of compensation, Garg said that he envisions a different model than Better’s call-center loan officers.

Mortgages 370

Mortgages Loan Officer Loans Technology 370

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. While mortgage rates are high, rent in the Tampa Bay, Florida market has also been rising. It’s starting to even out.

Loan Officer 392

Loan Officer Loans Pre-approval Mortgages 392

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

Mortgages 370

Mortgages Loan Officer Finance Lending 370

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. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.

Loan Officer 440

Loan Officer Loans Mortgages As-is 440

Housing Wire

NOVEMBER 14, 2024

mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer.

Mortgages 370

Mortgages Loan Officer Loans Banks 370

Housing Wire

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. The FHA/VA share in Q2 2023 stood at 22.9%

Loan Officer 411

Loan Officer FHA loan Loans Mortgages 411

Housing Wire

OCTOBER 17, 2024

Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. This is true disruption of the non-licensed tasks performed by armies of traditional customer service reps, loan officers, and processors in the mortgage industry,” Garg added.

Loans 427

Loans Loan Officer Lending Mortgages 427

Housing Wire

DECEMBER 4, 2024

She joins the company’s leadership team to further its presence and performance in the Washington market. Rate executive Rich Kamien praised Lindsay for delivering consistently in an unpredictable market. “She has steadily demonstrated her ability to deliver consistent rates even in the most volatile market conditions.

Lending 392

Lending Mortgages Loan Officer Loans 392

Housing Wire

MARCH 5, 2025

1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans.

Loan Officer 427

Loan Officer Loans Technology Mortgages 427

Housing Wire

FEBRUARY 19, 2025

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank.

Loan Officer 325

Loan Officer Lending Loans Technology 325

Housing Wire

FEBRUARY 11, 2025

Despite a stagnant housing market, Zillow reported that its revenue was up by double-digit percentages across the board in both the fourth quarter and the entire 2024 calendar year. Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%.

Purchase and sale agreement 333

Purchase and sale agreement Loan Officer Loans Finance 333

Housing Wire

MARCH 6, 2025

The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. We believe our agent attraction pipeline is strong, and we are confident in continuing this momentum into 2025 regardless of broader market conditions.

Brokerage 370

Brokerage Agents Loan Officer Technology 370

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% Second, nearly 20,000 loan officers moved into the wholesale channel in 2023. The broker model is not just surviving but thriving and will continue to gain market share in the lending landscape.

Industrial 469

Industrial Loan Officer Marketing Loans 469

Housing Wire

MARCH 21, 2025

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. As of mid-March 2025, Zillow had a market capitalization of $16.73 But Zillow has that recognizable consumer brand.

Loan Officer 278

Loan Officer Loans Mortgages Title 278

Housing Wire

FEBRUARY 4, 2025

.” “We are thrilled to partner with zavvie to make Arrival’s products available to zavvie’s impressive network of loan officers and real estate agents ,” Simon Chen, CEO of Arrival Home Loans, said in a statement. Arrival Home Loans, which is powered by Pacific Private Money Inc.

Loans 285

Loans Loan Officer Finance Brokerage 285

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officer 370

Loan Officer Marketing Pre-approval Fixed-rate mortgage 370

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way.

Marketing 506

Marketing Finance Loan Officer Lending 506

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

FHA loan 461

FHA loan Loans Loan Officer Mortgages 461

Housing Wire

FEBRUARY 12, 2024

New Jersey-based mortgage lender The Money Store named industry veteran Coleen Bogle as chief marketing officer, the company announced on Monday. The hiring follows changes in marketing leadership at other mortgage companies, including Guild Mortgage and Rocket Companies.

Loan Officer 427

Loan Officer Marketing Lending Branding 427

Housing Wire

APRIL 7, 2025

Reverse mortgage industry performance metrics have continued their soft trend into the third month of the year, though activity in the secondary market was slightly higher than the month prior. to 53 loans, its highest monthly figure since September, according to RMI. to 66 loans. Mutuals endorsement count fell by 2.1%

Mortgages 244

Mortgages Loan Officer Loans Industrial 244

Housing Wire

MARCH 6, 2024

Guaranteed Rate hired Bijoy John, former head of marketing at Newrez , as its vice president of marketing. John’s new tasks will include consumer direct marketing and the crafting of strategies for new products. What led me to Guaranteed Rate’s marketing team was Victor Ciardelli’s vision for the company.

Marketing 440

Marketing Loan Officer Lending Loans 440

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

Marketing 535

Marketing Option period Lending Loan Officer 535

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. When Finance of America announced their closure, we started searching around,” Reich said. We specialize in marketing for purchases.”. Go Mortgage originated $753.2

Mortgages 506

Mortgages FHA loan Loan Officer Construction 506

Housing Wire

MARCH 20, 2025

“ It won’t do much now because their market shares are relatively small, but in a couple years they’re going to have a wall of scalps,” said one attendee. Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. billion deal for Redfin.

Mortgages 257

Mortgages Loan Officer Brokerage Loans 257

Housing Wire

SEPTEMBER 23, 2024

San Diego-based Smartfi Home Loans , which is primarily active as a wholesale lender in the reverse mortgage space and is actively building a retail division that offers reverse mortgage products, has hired industry veteran Martin Lenoir as its new chief marketing officer.

Marketing 440

Marketing Loan Officer Industrial Mortgages 440

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

OCTOBER 13, 2023

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business.

Loan Officer 489

Loan Officer Loans Mortgages Staging 489

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Of the 155 completed surveys, 32.3%

Mortgages 410

Mortgages Loan Officer Marketing Seller concession 410

Housing Wire

DECEMBER 12, 2023

PrimeLending , a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint. In June, the lender brought on 100 loan officers and hired 33 additional LOs based in Texas since that period. billion, data from Inside Mortgage Finance showed.

Loan Officer 440

Loan Officer Loans Lending Mortgages 440