Waterstone Mortgage hires new digital marketing director

Housing Wire

Wisconsin-based mortgage lender Waterstone Mortgage Corporation appointed Chik Quintans its new director of digital marketing, the company announced Thursday. Quintans’ professional career spans more than two decades in mortgage lending.

Mortgage marketing solutions

Housing Wire

In today’s purchase-heavy market, lenders must shift their priorities to increasing sales volume and standing out among the competition. The two companies featured in this section offer tools to support lenders in their marketing efforts. Black Knight ICE Mortgage Technology.

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Specter of the S&L crisis haunts today’s mortgage market

Housing Wire

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. In 1980, some 4,000 savings and loan institutions (S&Ls or thrifts) accounted for about half of the nation’s $960 billion in outstanding home mortgages at that time.

Mortgage rates move slowly despite tightening market

Housing Wire

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. The year-over-year increase in rates is impacting mortgage applications.

The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

In this session, Grier Allen, CEO and Co-Founder of BoomTown, will breakdown the top housing trends for 2022, and help you navigate the constant changes in the market so that you can achieve success!

Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today.

Freedom Mortgage dominates the MSR market

Housing Wire

Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. . The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp. ,

What 5% mortgage rates mean for the housing market?

Housing Wire

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market.

The purchase mortgage market continues to pick up steam

Housing Wire

Mortgage loan application volume rebounded from the week prior, increasing by 0.3% 10, according to the Mortgage Bankers Association’s weekly report. The very competitive purchase market continues to put upward pressure on sales prices,” Kan added.

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The improving job market is all to the positive.

The mortgage market moves to purchase

Housing Wire

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Closing rates on purchase mortgages dropped to 76.3% The post The mortgage market moves to purchase appeared first on HousingWire.

Mortgage rates collapse on softer inflation data

Housing Wire

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! As a result, mortgage rates went from 7.37% yesterday to 6.67% as of this writing.

The mortgage market right-sizing is well underway. When will normalcy return?

Housing Wire

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. Once the Fed stops raising rates, the market could be expected to normalize.

The Future of Marketing

Housing Wire

We’ll take a look back at 2022 and into 2023 from a marketing strategy standpoint. The post The Future of Marketing appeared first on HousingWire. Mortgage hwmember Special Report Special Reports

We need higher mortgage rates to cool the housing market

Housing Wire

history, with the lowest mortgage rates recorded in history. So far this year, the weekly Mortgage Bankers Association purchase application data compared to last year looks like this: +3%; +10%; +15%; +16%; +16%; +17%.

Emphasizing efficiency amid a challenging market for mortgage originators

Housing Wire

In mid-2021, most mortgage companies enjoyed strong origination volume and were hiring additional staff in response. In just one quarter, from March to June , the Federal National Mortgage Association refinance forecast decreased 23%. What a difference a year makes.

Staying prepared in a changing mortgage market

Housing Wire

Hosted by Mortgage Capital Trading. Collateral valuation is a critical component of mortgage lending and the home sales process. Phil Rasori COO, Mortgage Capital Trading. The post Staying prepared in a changing mortgage market appeared first on HousingWire.

Mortgage Activity Remains Low Due to Market Uncertainty

Eyes on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 4th, total mortgage activity declined 0.1% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 7.14%. The Market.

Deephaven Mortgage re-enters non-QM market

Housing Wire

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. million security backed by non-QM mortgages that have seasoned for an average of nine months, a presale report from S&P Global Ratings showed.

In volatile mortgage market, spreads between conforming and jumbo loans widen

Housing Wire

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty.

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6 key indicators for mortgage lenders to assess as market headwinds persist

Housing Wire

To say that mortgage lenders are facing challenging times would be a considerable understatement. The substantial increases this year present challenges in the mortgage sector, as the note rates produced can become illiquid if not hedged.

Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “We know that the mortgage industry is about boom and bust,” said Woodward. “It

Canadian mortgage brokerage takes Rocket Mortgage name

Housing Wire

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Rocket’s expansion comes amid an expected slowdown in Canada’s housing market.

Mortgage apps fall as higher-end market takes off

Housing Wire

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board.

Market Update for Marketers

Housing Wire

As marketers in the ever changing real estate and mortgage industry it is important to stay up to date on all things going on. Some mortgage companies expanding despite the challenges The big nonbanks stir up a non-QM turf war Open Mortgage reverse expansion focuses on long-term goals.

Movement Mortgage to acquire top indie retail firm Mortgage Network

Housing Wire

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . The deal adds $2 billion in annual volume, 250 mortgage professionals and 31 branch offices to Movement’s book of businesses. .

Here’s why the housing market needs higher mortgage rates

Housing Wire

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. I liked the Dallas Fed’s article; I thought they were much calmer about the housing market than I am. Economics Housing Market hwmember Logan Mohtashami

Mortgage demand rose on the back of slower inflation growth

Housing Wire

Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The refinance share of mortgage activity decreased to 27.6%

Fannie Mae income drops amid mortgage market troubles

Housing Wire

Fannie Mae , the government-sponsored enterprise that backs the majority of conventional mortgages, is not immune to the sharp decline in mortgage refinances. Fannie Mae’s net income decrease was mainly due to the expense of managing credit risk on mortgage loans.

Inside Movement Mortgage’s acquisition plans

Housing Wire

Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. The shrinking mortgage market is the primary reason why.

Mortgage demand declines at a slower pace

Housing Wire

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. The adjustable-rate mortgage (ARM) share of activity was at 11.8%

Mortgage demand dropped last week despite a decline in rates

Housing Wire

Mortgage rates dropped last week, but it wasn’t enough to spur mortgage demand. The market composite index, a measure of mortgage loan application volume, declined 0.8% from the previous week, according to the Mortgage Bankers Association.

Mortgage Coach integrates with Insellerate

Housing Wire

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform. Mortgage Proptech Insellerate Joe Puthur Mortgage Coach

Purchase market could exacerbate mortgage lenders’ cybersecurity weak spots

Housing Wire

Cyberattacks are on the rise in recent weeks, as sanctions on Russia push its economy to the breaking point , and mortgage lenders may have unique vulnerabilities. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

Will higher mortgage rates cool the housing market?

Housing Wire

Higher treasury yields have pushed mortgage rates higher, but will higher rates cool the housing market? The post Will higher mortgage rates cool the housing market? Economics Mortgage Mortgage Rates HWplusCan you smell it in the air? America is back!