Housing Wire

AUGUST 4, 2022

Two years after acquiring RoundPoint Mortgage Servicing , Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp. another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp. market share and a $380.2

Mortgages 324

Mortgages Pre-approval Principal Loans 324

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies.

Mortgages 402

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 402

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. billion in the first six months of 2023, according to data from Inside Mortgage Finance.

Pre-approval 384

Pre-approval Loans Finance Mortgages 384

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. According to Black Knight data, 40% of all U.S.

Loans 404

Loans FHA loan Mortgages Loan Officer 404

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

Loan Officer 336

Loan Officer Pre-approval Marketing New Construction 336

Housing Wire

APRIL 12, 2024

Among other reasons preventing renters from becoming homeowners, respondents listed the difficulty of saving for a down payment (35%), the challenges of affording mortgage payments (33%) and high mortgage rates (32%). The median sale price was $378,250, up 4.5% Redfin commissioned Qualtrics to survey 3,000 U.S.

Pre-approval 369

Pre-approval Equity Mortgages Sales 369

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said.

Pre-approval 375

Pre-approval Marketing Seller concession Mortgages 375

Keeping Current Matters

DECEMBER 1, 2021

Pre-Approval: the Best Opening Play To Make as a Homebuyer. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you? Bottom Line.

Pre-approval 227

Pre-approval Marketing Loan Officer Lending 227

Marco Santarelli

JUNE 10, 2024

The housing market has been a whirlwind in recent years , with skyrocketing prices, bidding wars, and historically low mortgage rates. Here's a breakdown of the key factors that will likely shape the market in the coming months: The Housing Market in the Second Half of 2024: Predictions 1.

Pre-approval 98

Pre-approval Marketing Mortgages Technology 98

RIS Media

MARCH 25, 2021

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate. Not only will this help you, but to sellers and agents as well.

Pre-approval 53

Pre-approval Mortgages Inspection Finance 53

Housing Wire

JUNE 5, 2024

The market is their playing field—unpredictable and full of challenges. Know Your Market Inside and Out Study the market relentlessly on a daily basis. Focus on areas that are desirable, turn over at a reasonable rate, have low average days on the market, and a good average sale price. What’s hot and what’s not?

Pre-approval 317

Pre-approval Fixed-rate mortgage New Construction Loans 317

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. According to the Mortgage Bankers Association ’s yearly forecast, purchase mortgage originations are expected to grow by 9% to $1.73

Marketing 382

Marketing Loan Officer Pre-approval Mortgages 382

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Loans 362

Loans Mortgages Loan Officer Pre-approval 362

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

Lending 436

Lending Mortgages Pre-approval Loans 436

Housing Wire

OCTOBER 19, 2020

I’ve seen a number of articles lately predicting that mortgage rates will rise in 2021, a couple even from other HousingWire contributors. When I think about the direction of mortgage rates there is only one factor I consider – and that is economic growth. When the economy gets better, bond yields rise and mortgage rates follow.

Mortgages 536

Mortgages Purchase and sale agreement Pre-approval As-is 536

Keeping Current Matters

NOVEMBER 17, 2020

Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Be patient during your home search.

Sales 267

Sales Pre-approval Mortgages Industrial 267

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. The company was featured in HousingWire’s Tech 100 in 2022.

Pre-approval 271

Pre-approval Loans Closing costs Mortgages 271

Marco Santarelli

MAY 21, 2024

California's housing market has reached a remarkable milestone, as the median home price exceeded $900,000 for the first time in history. recently announced this new record, highlighting a significant rebound in the state's housing market. California Housing Market on Fire: Median Home Price Tops $900,000!

Marketing 103

Marketing Pre-approval Sales Mortgages 103

Marco Santarelli

MAY 27, 2024

Experts in the real estate sector are predicting a possible boom in the housing market if interest rates fall to the 5%-6% range in 2024. Interest Rates Falling Below 6% Will Explode the Housing Market: The Prediction? The Power of Affordability Remember those incredibly low mortgage rates we saw a couple of years ago?

Pre-approval 87

Pre-approval Marketing Mortgages Loans 87

Marco Santarelli

APRIL 20, 2024

The US housing market has been on a wild ride in recent years. Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. However, the tide seems to be turning.

Marketing 104

Marketing Pre-approval Fixed-rate mortgage New Construction 104

Housing Wire

AUGUST 31, 2021

In light of the state of the housing market, HousingWire sat down with Nomis Solutions Chief Revenue Officer Matt Woolley to discuss why agility, speed and a better customer experience are more important than ever. HousingWire: What about today’s housing market makes speed and agility so crucial for lenders?

Marketing 372

Marketing Pre-approval Mortgages Development 372

Housing Wire

NOVEMBER 18, 2022

A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by Intercontinental Exchange , Inc. . The sale of TitlePoint is not conditioned on the completion of ICE’s acquisition of Black Knight.”. Black Knight is preparing to be acquired by ICE, the other behemoth in the mortgage data space.

Title 376

Title Pre-approval Investor Mortgages 376

Housing Wire

MARCH 6, 2023

There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. Rising rates will likely scare buyers away from the market, as it makes monthly mortgage payments less affordable, loan officers interviewed by HousingWire said.

Loan Officer 366

Loan Officer Loans Pre-approval Mortgages 366

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

Short sale 138

Short sale Loans Sales FHA loan 138

Keeping Current Matters

AUGUST 31, 2020

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. Buyers who are pre-approved are definitely a step ahead when it’s time to make an offer.

Pre-approval 280

Pre-approval Sales Mortgages Marketing 280

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage.

Pre-approval 108

Pre-approval Mortgages Equity Principal 108

Realty Biz

MARCH 13, 2024

While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. This article explores the key factors home buyers need to know about the Maryland housing market this year. While a market correction is possible, conditions do not point to a 2008-level housing crash.

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Better’s loan origination system Tinman is powered by AWS.

Equity 366

Equity Pre-approval Loans Finance 366

Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. JVM, which has also had a market presence in Texas since 2017, saw opportunity for investment properties and plans to capitalize on the growing market.

Lending 362

Lending Loans Pre-approval Loan Officer 362

Realty Biz

JANUARY 29, 2022

It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what to do instead). Not Getting Pre-Approved. Get pre-approved for a mortgage.

Pre-approval 127

Pre-approval Mortgages Closing costs Principal 127

Marco Santarelli

MAY 23, 2024

New home sales are slumping due to rising costs. housing market navigates a period of shifting dynamics. Sales of newly built homes dipped 4.7% This decline is even more pronounced on a year-over-year basis, with sales falling 7.7% This decline is even more pronounced on a year-over-year basis, with sales falling 7.7%

Sales 52

Sales Pre-approval New Construction Construction 52

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

Debt-to-income ratio 337

Debt-to-income ratio Equity Pre-approval Finance 337

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Marco Santarelli

MAY 19, 2024

Revised mortgage forecasts for 2024 predict HIGHER rates. At the start of 2024, many homebuyers anticipated a dream scenario: falling interest rates leading to a more affordable and accessible housing market. The Current Mortgage Landscape At the outset of the year, hopes were high for a market shift that would favor buyers.

Mortgages 98

Mortgages Pre-approval Closing costs Finance 98

Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

Pre-approval 370

Pre-approval HR Inspection Finance 370

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. With rates around 6.9% versus a 6.5%

Loan Officer 380

Loan Officer Loans Seller concession Pre-approval 380