Housing Wire

JUNE 3, 2024

Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

Technology 378

Technology Sales Pre-approval MLS 378

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. The annual investment volume in the U.S. The annual investment volume in the U.S.

Equity 374

Equity Finance Purchase and sale agreement Investor 374

Housing Wire

MARCH 18, 2022

Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. His exit was first reported by Inside Mortgage Finance. Presented by: Finance of America. Last year, the lender funded $35.6

Finance 452

Finance Mortgages Commercial Lending 452

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward.

Marketing 499

Marketing New Construction Finance Construction 499

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 383

Finance Commercial Mortgages Closing 383

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 334

Sales New Construction Marketing Construction 334

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. Finance of America shares closed at $2.46

Finance 355

Finance Commercial Mortgages Investor 355

Housing Wire

APRIL 19, 2024

Home sales in Pennsylvania jumped 23.6% On a year-over-year basis, sales were down 10.5%, but the 8,790 transactions that closed last month were a positive sign for real estate professionals in the Keystone State. This spring represents a window of opportunity for buyers and sellers who want to enter the market.” decline in U.S.

Sales 302

Sales Closing Marketing Finance 302

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 382

Sales Banks Technology Investor 382

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%. Purchase apps look out 30-90 days before they hit sales data.

Sales 426

Sales Days on market Mortgages Investor 426

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 368

Sales Lending Loans Finance 368

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. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

Sales 418

Sales MLS Mortgages Closing 418

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 446

Sales New Construction Construction Mortgages 446

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 321

Sales MLS Finance Mortgages 321

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 375

Sales Mortgages Loan Officer Loans 375

Housing Wire

NOVEMBER 7, 2023

The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market. Nor would banks be able to improve their economics by distributing their mortgages into the mortgage-backed securities market.

Banks 408

Banks Mortgages Marketing Lending 408

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%. It’s a unique housing market.”

Sales 349

Sales Mortgages Construction Finance 349

Housing Wire

OCTOBER 26, 2023

Pending home sales ticked up 1.1% in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). 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%

Sales 359

Sales New Construction Mortgages Construction 359

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he has seen for home sales, she said. “[T]he homeowners.

Marketing 507

Marketing Equity Industrial Mortgages 507

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 369

Sales Fixed-rate mortgage MLS Mortgages 369

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 386

Sales Mortgages Equity Marketing 386

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. More housing supply is good news for future shelter inflation readings in the market.

Sales 328

Sales Construction New Construction Finance 328

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. Defendants include Heather Frye and Josh Covett, two market leaders who also transitioned to Summit. Shelton declined to comment. It originated $15.46

Loan Officer 313

Loan Officer Sales Loans Mortgages 313

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 390

Purchase and sale agreement Sales Closing costs Closing 390

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

Equity 377

Equity Purchase and sale agreement Marketing Lending 377

Housing Wire

NOVEMBER 2, 2023

The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. There were historic amounts of investment and funding , and for some traditional housing finance models, real fears of being disrupted. That is until interest rates tripled in the course of nine months, of course.

Purchase and sale agreement 318

Purchase and sale agreement Marketing Equity Finance 318

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Sales 446

Sales New Construction Staging Mortgages 446

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 380

Sales Mortgages Closing As-is 380

Housing Wire

SEPTEMBER 19, 2023

The housing market faces renewed headwinds with mortgage rates settling above 7%. 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. Purchase mortgage origination volume is expected to be $1.3 trillion in 2023 and $1.4

Sales 385

Sales Mortgages As-is Marketing 385

Housing Wire

JANUARY 24, 2023

About a quarter of American homeowners are unable to access the equity in their homes because of strict lending standards, and EasyKnock said the partnership will “improve housing stability for our mutual customers, providing them liquidity, flexibility and control in their finances.” The lender originated $14.9

Sales 325

Sales Equity Loan Officer Finance 325

Housing Wire

AUGUST 3, 2022

South Carolina-based Movement Mortgage has hired two executives away from rival Fairway Independent Mortgage to boost the growth and development of its distributed retail sales team. The nonbank lender named the 34-year veteran Sarah Middleton to the new position of chief growth officer to attract, onboard and develop sales leaders.

Sales 381

Sales Development Mortgages Residential 381

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% This marks the second consecutive month of increases and the strongest sales pace since March 2022. This marks the second consecutive month of increases and the strongest sales pace since March 2022. months of supply at the current sales pace, down from 8.7

Sales 420

Sales New Construction Construction Mortgages 420

Housing Wire

MARCH 12, 2024

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Market conditions were challenging throughout 2023 due to higher interest rates and limited housing inventory, Guild Holdings CEO Terry Schmidt told analysts.

Marketing 367

Marketing Mortgages Loans Finance 367

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Lower interest rates tend to create a more dynamic and competitive market for buyers and often result in an eventual rise in home prices.

Fixed-rate mortgage 421

Fixed-rate mortgage Agents Marketing Lending 421

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 373

Sales Mortgages Land As-is 373

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. On a year-over-year basis, new home sales were up 5.8%.

As-is 473

As-is Sales New Construction MLS 473

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 248

Finance Mortgages Industrial Loans 248