Housing Wire

MARCH 19, 2024

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

Equity 414

Equity Loan Officer Principal Loans 414

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 427

Mortgages Principal Loans Loan Officer 427

Housing Wire

FEBRUARY 15, 2023

The TrustEngine Borrower Intelligence Platform, as the platform is called, wraps around the entire mortgage tech stack to drive origination volume by “identifying loan opportunities and engagement strategies tailored to each borrower’s needs,” the companies said in a statement Wednesday.

Sales 383

Sales Mortgages Loans Loan Officer 383

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 395

Loan Officer Loans Principal Mortgages 395

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 454

Finance Seller concession Loan Officer Loans 454

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 383

FHA loan Mortgages Loan Officer VA loan 383

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 427

Development Industrial Mortgages Loans 427

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 383

Mortgages Loan Officer Loans Principal 383

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

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 509

FHA loan Fixed-rate mortgage Loan Officer Principal 509

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 469

FHA loan VA loan Loans Loan Officer 469

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 454

VA loan Agents Seller concession FHA loan 454

Housing Wire

JUNE 28, 2022

In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment. Sales Boomerang monitors customer databases on behalf of lenders to identify when a customer is ready for a new loan. Specific terms of the deal were not disclosed.

Sales 395

Sales Mortgages Loan Officer Principal 395

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 383

Loan Officer Principal Loans Mortgages 383

Housing Wire

FEBRUARY 7, 2024

billion in consumer loans from Goldman Sachs and closed the acquisition of Sculptor Capital Management , bringing in $33 billion in assets under management. The company also announced a deal to acquire Computershare Mortgage Services , including Specialized Loan Servicing (SLS), adding $136 billion in unpaid principal balance (UPB) of MSR.

Loan Officer 417

Loan Officer Loans Mortgages Principal 417

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 395

Loan Officer Loans Principal Mortgages 395

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 399

Mortgages Investor Loan Officer Principal 399

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 395

Mortgages Loan Officer Lending Principal 395

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Kim: You also do a lot of non-QM loans. Cohen funded $751.4 Who are your main borrowers?

Mortgages 383

Mortgages Marketing Loans Banks 383

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 380

Investor Sales Mortgages Loan Officer 380

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 462

Loan Officer Principal Loans Mortgages 462

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 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

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.

Equity 525

Equity Marketing Loans Bankruptcy 525

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 417

Marketing Fixed-rate mortgage Loan Officer Pre-approval 417

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

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 454

Mortgages Fixed-rate mortgage Loans Loan Officer 454

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. .

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

Housing Wire

AUGUST 3, 2023

billion in sold loans through its direct-to-consumer channel and $9.6 HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As million loans service, with approximately $500 billion in unpaid principal balance.

Loans 370

Loans Mortgages Loan Officer Principal 370

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

MARCH 1, 2021

With low interest rates and a booming refinance market, it is natural that loan officers and brokers are focused on agency loans and also a thriving purchase market. The guidelines for QM [loans] are pretty stringent,” he said. “We We are that next outlet for people who have complicated scenarios.

Lending 395

Lending Banks Loans Investor 395

Housing Wire

NOVEMBER 7, 2023

We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We It placed No. 63 among the 500 best brokerages by volume. “We

Mortgages 407

Mortgages Principal Brokerage Lending 407

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. I think it’s already priced in the market.”.

Marketing 304

Marketing Loan Officer Mortgages Lending 304

Marco Santarelli

JUNE 3, 2024

Here's where a trusted loan officer can be your best friend. By having a clear understanding of your financial goals and risk tolerance, your loan officer can tailor a strategy that aligns with your specific needs. Remember, closing costs can also fluctuate depending on your loan type, credit score, and other factors.

Mortgages 52

Mortgages Loan Officer Fixed-rate mortgage Loans 52

Calculated Risk Real Estate

SEPTEMBER 8, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q2. 1 (sometimes called the Flow of Funds report) released today.

Closing 125

Closing Equity Principal Short sale 125

Housing Wire

SEPTEMBER 30, 2020

The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster. Loan officers can access high-priority information via its Sales Portal interface, which includes pipeline views and outstanding conditions.

Lending 221

Lending Mortgages Technology Loan Officer 221

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation. We have compression in the margins we are able to make on loans.

Mortgages 383

Mortgages Loans Investor Equity 383

Calculated Risk Real Estate

MARCH 7, 2024

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. 1 (sometimes called the Flow of Funds report) released today.

Closing 68

Closing Equity Principal Short sale 68