Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. HousingWire: What factors are contributing to borrowers falling out of the Agency market?

Debt-to-income ratio 422

Debt-to-income ratio Mortgages Banks Investor 422

Housing Wire

MARCH 13, 2023

Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage , a privately-held Colorado-based lender with 68 branches in 45 states. Established in 1987, Cherry Creek offers a wide range of mortgage products including conventional, FHA, VA USDA, USDA, reverse mortgages and home renovation loans.

Mortgages 370

Mortgages Loan Officer Loans Renovation 370

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. FoA) months after it shut down its forward mortgage segment. billion during the same period in 2022, according to Inside Mortgage Finance (IMF).

Mortgages 413

Mortgages Lending Finance Loans 413

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. billion in mortgage loans from January to March, with $6.3 The lender originated $6.5

Mortgages 393

Mortgages Lending Loan Officer Loans 393

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. billion, according to data from Inside Mortgage Finance.

Loan Officer 370

Loan Officer Marketing Pre-approval Fixed-rate mortgage 370

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity.

Renovation 273

Renovation Equity Mortgages Design 273

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. housing market.” Arvind Mohan is CEO of Kiavi , a fix and flip lender that has originated some $12.3

Finance 370

Finance Marketing Lending Investor 370

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says.

Marketing 382

Marketing Renovation Investor Sales 382

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. A buyer who might have qualified for a $400,000 mortgage may now qualify for a $350,000-$375,000 mortgage when interest rates rise.

Fixed-rate mortgage 433

Fixed-rate mortgage Agents Marketing Lending 433

Housing Wire

APRIL 14, 2022

economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon. Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days.

Mortgages 414

Mortgages Fixed-rate mortgage Banks Renovation 414

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,” ” reads an Opendoor Technology Inc. For the same period this year, the company has 4,007.

Marketing 414

Marketing Investor Sales Renovation 414

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. This bodes well for those still looking to refinance, renovate or even purchase a new home.”.

Fixed-rate mortgage 523

Fixed-rate mortgage Mortgages Lending Renovation 523

Housing Wire

APRIL 17, 2024

Capital Fundings , a Florida -based private mortgage lender, has partnered with real estate investment platform Privy , the companies announced on Tuesday. Together, we will equip our borrowers with the tools and knowledge needed to thrive in today’s competitive market.”

Investor 414

Investor Renovation Technology Residential 414

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

Loans 515

Loans Closing Mortgages Equity 515

Housing Wire

AUGUST 4, 2023

Indicators of manufacturing and service sector health remain lackluster, measures of inflation have moved lower, while GDP growth in the second quarter was stronger than expected and consumer spending remains resilient,” said Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan.

Marketing 367

Marketing Residential Construction Commercial 367

Lighter Side of Real Estate

MAY 22, 2024

For instance: If you have an interest rate on your current mortgage that’s lower than the current rates, you might question whether it makes sense to give up such a low rate for a higher one. Selling your house and buying another isn’t a no-brainer decision for many people right now. What’s Causing You to Think About Moving Deep Down Inside?

Renovation 88

Renovation Equity Agents As-is 88

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgages 382

Mortgages Loan Officer Loans Equity 382

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

VA loan 393

VA loan Mortgages Land Loans 393

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. Long was most recently the executive regional manager for Union Home Mortgage before joining Planet. decline from 2022, according to Inside Mortgage Finance.

Lending 423

Lending Loans Renovation Mortgages 423

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. HW: Some borrowers are under the impression that reverse mortgages are a last resort.

Mortgages 393

Mortgages Equity Loans Lending 393

Housing Wire

DECEMBER 2, 2022

Mortgage volumes are continuing to drop as interest rates continue to rise. It has resulted in a highly competitive market, and lenders recognize the importance of maintaining existing customers in this challenging market. The days of spending endlessly on marketing without being able to connect directly to revenue are over.”.

Marketing 392

Marketing Equity Loans Renovation 392

Housing Wire

FEBRUARY 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

Lending 418

Lending New Construction Construction Finance 418

Housing Wire

DECEMBER 12, 2022

The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market.

Marketing 393

Marketing Lending Banks Loans 393

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Using a 3-month bank statement program, borrowers who would not otherwise qualify due to lost or nontraditional income may be able to buy a new home and place their own on the market. Jumbo products.

Marketing 424

Marketing Banks Lending Loans 424

BAM Media

MAY 25, 2024

Every homeowner should have at least some idea of the ROI of any big-ticket home renovation project. Clay DeKorne Zonda’s chief editor Hotter returns compared to last year Compared with last year’s data, 2024 is experiencing a surge in a number of renovation project values. Read on for the highlights.

Renovation 52

Renovation Principal Equity Agents 52

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We are excited to expand our impact and better serve our target market borrowers.” Last year, Change Lending ranked as the top nonqualified mortgage (non-QM) originator, posting $4.1

Lending 413

Lending Banks Loans Renovation 413

Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. 5 reasons to refinance your mortgage right now. Four renovations to consider before selling your house. Worries about finding a replacement home in a hot housing market. According to the latest Census data, there’s just a 3.6-month

Marketing 457

Marketing Renovation Construction Mortgages 457

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 382

Renovation Fixed-rate mortgage Equity Finance 382

Housing Wire

JULY 20, 2021

Mortgage professionals never know what the industry will throw at them, so staying on top of market shifts can help originators prepare for what’s to come. De-risking efforts by GSEs, migration shifts, demographic changes and more are pushing the market to adapt to meet the needs of today’s borrowers. Changing Borrower Activity.

Marketing 370

Marketing Lending Loans Mortgages 370

Marco Santarelli

MAY 25, 2024

Housing Market Shift: Equity Slips But Still High in 2024 The good news: Homeownership equity remains high. In the first quarter of 2024, nearly half (45.8%) of mortgaged homes in the United States were considered equity-rich. This means that the homeowner owes less than half the estimated market value of their home.

Equity 97

Equity Marketing Renovation Mortgages 97

GeekEstate

AUGUST 29, 2022

Upgrading a home’s curb appeal, features, and systems while owning the home builds its value as much as paying off the mortgage–yet many homeowners don’t have the tools or knowledge to start. Plunk also provides real-time market insights that track and capture the local, regional, and overall market performance. Learn More.

Renovation 120

Renovation Equity Mortgages As-is 120

Housing Wire

JULY 25, 2023

Homeowners and renters may not have felt the full impact of climate-related disasters since, oftentimes, they do not end up directly paying for renovations or repairs necessitated by an adverse climate event, Fairweather said.

Marketing 369

Marketing Renovation As-is Mortgages 369

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Loans 404

Loans Renovation Construction Mortgages 404

Housing Wire

NOVEMBER 14, 2023

Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. This applies to marketing available homes on the market. Easy renovations are key For spaces that might not be immediately appealing, Gen Z wants those that can be easily renovated.

Renovation 498

Renovation Technology Design Agents 498

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

Finance 477

Finance Construction Loans Renovation 477

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

Renovation 457

Renovation Sales Investor Mortgages 457