Mortgages Related Topics 
Housing Wire
FEBRUARY 8, 2023
Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators.
Housing Wire
FEBRUARY 7, 2023
Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex.
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Housing Wire
JANUARY 11, 2023
Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2% Concessions, mortgage rate buydowns save deals.
Housing Wire
JANUARY 27, 2023
On the other hand, mortgage rates have gone down more than 1% since Oct. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products.
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!
Housing Wire
FEBRUARY 7, 2023
Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS).
Housing Wire
FEBRUARY 8, 2023
During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior.
Housing Wire
FEBRUARY 1, 2023
Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior.
Housing Wire
JULY 6, 2022
Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility.
Housing Wire
JULY 15, 2022
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 Mortgage also plans to become a direct lender in Canada later this year.
Housing Wire
JANUARY 31, 2023
First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years.
Housing Wire
JANUARY 12, 2023
This should also mean mortgage rates hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. This does mean mortgage rates should be getting better today.
Housing Wire
FEBRUARY 3, 2023
Mortgage rates did break under 6% yesterday for the first time in a while, only to retrace 0.20% basis points higher from 5.99% to 6.19%. The noticeable downward trend on wages in today’s jobs report is a big reason why the 10-year yield is not above 4.25% and mortgage rates are near 8%.
Housing Wire
FEBRUARY 7, 2023
California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. CMS is going heavy on a rarely used mortgage product to solve this market problem. The product, known as an assumable mortgage, is not new.
Housing Wire
JANUARY 13, 2023
Wisconsin-based mortgage lender Waterstone Mortgage Corp. Garcia’s professional career spans more than two decades in the mortgage lending industry, with more than five years at Waterstone Mortgage. Mortgage mortgage lending People Mover Waterstone Mortgage
Housing Wire
JANUARY 4, 2023
The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. Mortgage applications decreased 13.2% Cash outs are harder to do,” United Wholesale Mortgage ‘s CEO, Mat Ishbia, said in a recorded video.
Housing Wire
JULY 14, 2021
After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The refinance share of activity of total mortgage applications increased to 64.1%
Housing Wire
JANUARY 25, 2023
As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” One buoy to Earnest’s team efforts: mortgage rates are declining, which is bringing borrowers on the sidelines back to the market.
Housing Wire
JANUARY 6, 2023
Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. This is why Friday’s data is exciting to see and why the bond market sent mortgage rates to 6.20% and yes — we are back on 5-handle mortgage rate watch.
Housing Wire
JANUARY 5, 2023
That could tamp down optimism for a speedy rebound for the mortgage industry. . ” What does it mean for mortgage rates and the housing industry? Easing inflation brings hope for better mortgage rates. Mortgage rates averaged 3.22% one year ago.) .
Housing Wire
JANUARY 9, 2023
With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . Rocket Mortgage produced $25.6
Housing Wire
DECEMBER 16, 2020
After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% 11 amid mortgage rates that hit a new survey low. The refinance share of mortgage activity increased to 72.7%
Housing Wire
JANUARY 18, 2023
Like its competitors, Tennessee-based First Community Mortgage, Inc. (FCM) FCM) reduced the company’s size through 2022 amid a tough mortgage market. Meanwhile, a Mortgage Bankers Association (MBA) report covering 75% of all U.S.
Housing Wire
NOVEMBER 10, 2022
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. .
Housing Wire
DECEMBER 13, 2022
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. The next 12 months and mortgage rates. Housing Market Mortgage Mortgage Rates Inflation
Housing Wire
JANUARY 18, 2023
Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . billion, mortgage data platform Modex showed. Purchase mortgages consisted of 52.4%
Housing Wire
JANUARY 23, 2023
Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Mortgage Technology Revolution Tavant Technologies
Housing Wire
MAY 26, 2021
After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. of total mortgage applications from 63.3%
Housing Wire
JANUARY 19, 2023
Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. The mortgage lender hopes to boost volume in the channel. the following year, according to mortgage tech platform Modex.
Housing Wire
JANUARY 20, 2023
The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages.
Housing Wire
OCTOBER 11, 2022
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
Housing Wire
DECEMBER 1, 2022
Sales Boomerang and Mortgage Coach announced an API integration between Mortgage Coach and SaaS technology provider Polly on Thursday. And stay tuned; there is much more to come from Polly’s partnership with Mortgage Coach.”.
Housing Wire
NOVEMBER 2, 2022
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%
Housing Wire
DECEMBER 1, 2022
San Diego, California-headquartered retail lender Guild Mortgage is staying true to its words of expanding through acquisitions. Mary Ann McGarry, Guild’s CEO, said that the company is patient in closing a deal and has been in conversations to acquire Inlanta Mortgage for about a year.
Housing Wire
JANUARY 26, 2023
A former mortgage underwriter wrote, “Flagstar just laid off everyone, so after 2 1/2 years, I’m back in the job market.” 19 among mortgage lenders in America, and New York Community Bank, one of New York City’s largest multifamily lenders, announced in April 2021 a $2.6
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