Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. for the week ending January 6, compared to the week earlier, when the 30-year rates for conforming loans ($647,200 or less) went from 6.58% to 6.42%. It’s a good strategy for buyers right now,” Gano said.

Seller concession 528

Seller concession Mortgages Loan Officer Loans 528

Housing Wire

MARCH 24, 2022

The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association. Conventional loans’ national median mortgage payment went from $1,582 in January to $1,749 in February. in the prior month.

FHA loan 514

FHA loan Fixed-rate mortgage Loan Officer Principal 514

Housing Wire

MAY 25, 2021

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.),

FHA loan 477

FHA loan VA loan Loans Loan Officer 477

Housing Wire

MAY 8, 2024

mortgage lender Newrez , owned by asset manager Rithm Capital , is imposing a round of layoffs to its workforce following the acquisitions of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). The layoffs include mortgage professionals such as processors, underwriters and loan officers.

Loan Officer 425

Loan Officer Principal Loans Mortgages 425

Housing Wire

NOVEMBER 4, 2022

Purchase loans accounted for 82.7% Since the start of Game On, we’ve had thousands of loan officers try us for the first time, experiencing our technology, our services and quickly realizing that partnering with UWM can help them win in any market.”. UWM originated $33.5 billion in production. billion 12 months ago. “To

Principal 82

Principal Loan Officer Loans Mortgages 82

Housing Wire

AUGUST 29, 2024

-focused mortgage lender NewDay USA has reached an agreement with the Consumer Financial Protection Bureau (CFPB) over allegations that it provided misleading and incomplete cost comparisons to borrowers seeking cash-out refinance loans , the parties announced on Thursday. home loans. home loan program.”

Principal 413

Principal Loans Loan Officer Mortgages 413

Housing Wire

MAY 23, 2022

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. Loan servicing followed at 4.1%

Loan Officer 400

Loan Officer Loans Principal Mortgages 400

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. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 455

Mortgages Loan Officer Loans Equity 455

Housing Wire

JUNE 7, 2024

It follows the the lender’s recent acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). The company owned $537 billion in unpaid principal balance (UPB) of servicing at the end of March. Newrez, a top-five U.S. mortgage lender, originated $10.8

Bankruptcy 443

Bankruptcy Loan Officer Principal Loans 443

Housing Wire

JULY 8, 2024

That’s the third round this year, following the acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS ) for $720 million in October 2023, which brought some redundancies to its structures. The company owned $537 billion in unpaid principal balance (UPB) of servicing at the end of March.

Loan Officer 422

Loan Officer Principal Finance Mortgages 422

Housing Wire

JUNE 11, 2021

In fact, it reached the lowest level since the fourth quarter of 2018 for GSE-eligible and government loans. At the Mortgage Bankers Association ‘s spring virtual conference, speakers warned that narrowing profit margins could make for some difficult conversations between executives and loan officers.

Loan Officer 471

Loan Officer Principal Loans Mortgages 471

Housing Wire

MAY 10, 2022

But the Pontiac, Michigan-based lender’s total loan production fell during the same period, reflecting a shrinking mortgage market. . billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. billion in mortgage loans in the first quarter of 2022, a 29.7% UWM had $303.4

Mortgages 386

Mortgages Loan Officer Loans Principal 386

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

Mortgages 406

Mortgages Loan Officer Loans Investor 406

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

FHA loan 386

FHA loan Mortgages Loan Officer VA loan 386

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loan officer, processor, underwriter, they all ask the same thing: will AI replace my job?”

Mortgages 436

Mortgages Loan Officer Technology Loans 436

Housing Wire

AUGUST 6, 2024

Purchase loans comprised 72% of loanDepot’s total volume in Q2 2024. We opportunistically took advantage of strong market conditions and monetized approximately $29 billion of unpaid principal balance of our mortgage servicing rights.

Purchase and sale agreement 425

Purchase and sale agreement Principal Loan Officer Mortgages 425

Housing Wire

MARCH 19, 2024

It also included reduced compensation for loan officers, sources told HousingWire in February.

Equity 422

Equity Loan Officer Principal Loans 422

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The workforce reduction is also focused on mortgage loan production. Six months ago Interfirst Mortgage Co.

Loan Officer 386

Loan Officer Principal Loans Technology 386

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. over asking price.

Marketing 528

Marketing Equity Bankruptcy Loans 528

Housing Wire

APRIL 1, 2024

To start out, our comp plan was based on the production and the [unpaid principal balances (UPBs)]. I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Two years later, the UPB has diminished right.

Sales 425

Sales Loan Officer Principal Loans 425

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 463

Finance Seller concession Loan Officer Loans 463

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. So, I’m really continuing to focus on the active adult market for what we call the “lifestyle home loan,” commonly known as HECM for Purchase.” My outlook is very positive.

Mortgages 436

Mortgages Principal Loans Loan Officer 436

Housing Wire

MAY 26, 2022

Michigan-based wholesale lender Homepoint rolled out a jumbo ARM product offering a maximum loan amount as much as $2.5 million, with a maximum loan-to-value ratio of 80%. Homepoint’s jumbo ARMs have a seven- or 10-year fixed-rate period and the loan adjusts every six months, according to Homepoint.

Loan Officer 400

Loan Officer Loans Principal Mortgages 400

Housing Wire

AUGUST 21, 2024

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina , didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. And I think this is where most loan officers struggle to transition — you’ve got to have a ton of patience with this clientele.”

Mortgages 413

Mortgages Loan Officer Principal Industrial 413

Housing Wire

APRIL 24, 2024

Engagement team goals Schmidt explained that, considering the size of the reverse mortgage business relative to the forward side, finding a way to bring the broader community of loan originators into the fold is a priority. “I Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgages 424

Mortgages Loan Officer Principal Loans 424

Housing Wire

JUNE 2, 2022

NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021. Demetria McCain, HUD’s principal deputy assistant secretary for fair housing and equal opportunity, said it is “imperative” that lenders comply with fair housing laws.

Mortgages 400

Mortgages Loan Officer Lending Principal 400

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. LLR Partners, which led a $26.5

Investor 383

Investor Sales Mortgages Loan Officer 383

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 mortgage industry to fund $4.1

Marketing 425

Marketing Fixed-rate mortgage Loan Officer Pre-approval 425

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 463

VA loan Agents Seller concession FHA loan 463

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. According to the NAR, there were 1.28 million existing homes on the market in August and would take 3.2

Mortgages 425

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 425

Housing Wire

JULY 18, 2023

Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. Whitfield and Wilbanks are both leaving Compass to join The Agency.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

SEPTEMBER 30, 2022

An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages. Pressure on rates has sharply reduced demand for mortgage loans, according to the Mortgage Bankers Association (MBA).

Mortgages 463

Mortgages Fixed-rate mortgage Loans Loan Officer 463

Housing Wire

FEBRUARY 1, 2022

California-based loanDepot greatly increased loan origination volume in 2021, which guaranteed gains in marketshare compared to its competitors. We control our lead flow, our customer contact strategy and the point of loan origination. The loan origination volume achieved $137 billion in 2021, an increase of 36% from the previous year.

Loans 370

Loans Loan Officer Principal Sales 370

Housing Wire

AUGUST 12, 2024

“When brokers work with American Senior Lending Wholesale Division, they benefit from our internal account executives, who are mostly licensed loan officers. In the last year, we’ve brought on a few principal agent partners, which was a good experience that helped us grow from just [third-party origination (TPO)].”

Lending 436

Lending Loan Officer Branding Principal 436

Housing Wire

MARCH 20, 2024

I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space. It just seems like the morale is better out there, for sure.”

Development 436

Development Industrial Mortgages Loans 436

Housing Wire

JUNE 5, 2025

They can also determine their eligibility for government financing programs such FHA and VA loans, or other low- or zero-down payment loans. Tools also allow for quick preapproval by calculating the buyers full monthly housing payment including principal, interest, taxes and insurance and matching it to homes within their budget.

VA loan 266

VA loan Mortgages Loan Officer Principal 266