Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. Sales Boomerang monitors customer databases on behalf of lenders to identify when a customer is ready for a new loan.

Sales 393

Sales Mortgages Loan Officer Principal 393

Housing Wire

FEBRUARY 29, 2024

January pending home sales leveled off after December’s surge but remained steady. The softening in sales was primarily a factor of wintry weather rather than declining demand, according to Bright MLS chief economist Lisa Sturtevant. Pending home sales dropped 4.9% Pending home sales dropped 4.9% in December.

Sales 424

Sales MLS Mortgages As-is 424

Housing Wire

JANUARY 26, 2024

Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 On a year-over-year basis, pending sales were up 1.3%. “The Regional data Pending home sales improved most significantly in the West, South and Midwest in December.

Sales 450

Sales Construction Mortgages Marketing 450

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 423

Sales Mortgages Principal Equity 423

Housing Wire

MARCH 28, 2024

Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% NAR’s Pending Home Sales Index increased to 75.6 On a year-over-year basis, pending sales were down 7%. Meanwhile, new home sales fell slightly in February but were still 5.9% Existing home sales surged 9.5%

Sales 450

Sales Mortgages Marketing As-is 450

Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%.

Sales 464

Sales Days on market Mortgages Investor 464

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S. increase.

Lending 413

Lending Sales Commercial Loans 413

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022.

Sales 483

Sales Investor Finance Marketing 483

Housing Wire

DECEMBER 21, 2022

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. “In months’ supply at the current sales pace. month over month in November to a rate of 4.09

Sales 382

Sales Mortgages Principal Days on market 382

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Existing-home sales rose 3.1% Year over year, sales dipped 1.7%, down from 4.07 Year over year, sales dipped 1.7%, down from 4.07 The median existing-home sales price increased by 5.1%

Sales 424

Sales MLS Mortgages As-is 424

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

Sales 382

Sales Mortgages Loans Loan Officer 382

Housing Wire

MAY 4, 2024

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. When mortgage rates increase, demand falls and the price-cut percentage grows.

Mortgages 477

Mortgages Sales As-is Marketing 477

Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data.

Mortgages 510

Mortgages Sales As-is Marketing 510

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending.

Lending 412

Lending Mortgages Industrial As-is 412

Housing Wire

SEPTEMBER 28, 2023

Mirroring the trend for new home sales , pending home sales fell 7.1% Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

Sales 471

Sales MLS Mortgages Closing 471

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

Technology 382

Technology Sales Mortgages Lending 382

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The sale is expected to close in the third quarter of 2024. billion; 5.7%).

Loans 407

Loans Mortgages Due diligence Banks 407

Housing Wire

APRIL 22, 2024

Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. Roque, who co-founded M&A and retail mortgage banking firm Menlo Co.

Mortgages 413

Mortgages Loan Officer Loans Banks 413

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.

Investor 378

Investor Sales Mortgages Loan Officer 378

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, New home sales fell 5.6% down from 72.6 in September. above the previous year’s level.

Sales 471

Sales New Construction Construction Mortgages 471

Housing Wire

MAY 2, 2024

parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage , reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale. Ocwen Financial Corp.,

Mortgages 402

Mortgages Branding Equity Loans 402

Housing Wire

DECEMBER 20, 2023

Sales of existing-homes inched up in November, breaking a streak of five consecutive monthly declines. While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. Existing-home sales grew 0.8% Compared to November 2022, existing home sales retreated 7.3%, down from 4.12

Sales 424

Sales Fixed-rate mortgage MLS Mortgages 424

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgages 433

Mortgages Principal Equity Loans 433

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.

As-is 493

As-is Sales New Construction MLS 493

Housing Wire

APRIL 27, 2022

First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. The wholesale division provides underwriting and closing services to small banks, credit unions, and mortgage brokers. Presented by: William Mills Agency.

Sales 370

Sales Mortgages Banks Lending 370

Housing Wire

OCTOBER 26, 2023

Pending home sales ticked up 1.1% NAR’s Pending Home Sales Index rose to a reading of 72.6 Pending homes sales mirrored the trend in new home sales , which posted a 12.3% Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in September. increase in September.

Sales 404

Sales New Construction Mortgages Construction 404

Housing Wire

FEBRUARY 17, 2024

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Serious mortgage rate talk!

Mortgages 533

Mortgages Sales As-is Marketing 533

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients.

Mortgages 410

Mortgages Loan Officer Lending Equity 410

Housing Wire

DECEMBER 14, 2022

Let’s face it, mortgage sales is not for the weak. As an introvert, when I first started in the operations side of the mortgage world I dreaded the weekly pipeline calls with the sales manager I supported. Forming relationships is a large part of what we do day in and day out in the sales world.

Sales 382

Sales Mortgages Lending Branding 382

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. In August, existing-home sales fell 0.7% Existing-home sales were down 15.3% Despite a sharp drop in home sales compared to August 2022, the median existing-home sales price rose 3.9% All four U.S.

Sales 433

Sales Fixed-rate mortgage MLS Mortgages 433

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. The number of owner-occupied homes skyrocketed, quickly depleting the number of vacant for-sale homes. New data from the U.S.

Sales 424

Sales Mortgages Equity Marketing 424

Housing Wire

AUGUST 30, 2023

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% The NAR’s Pending Home Sales Index climbed to a reading of 77.6 Overall, pending home sales fell in all four U.S. annual drop recorded in June.

Sales 414

Sales MLS Mortgages As-is 414

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

Mortgages 532

Mortgages Sales As-is Closing 532

Housing Wire

SEPTEMBER 19, 2023

The housing market faces renewed headwinds with mortgage rates settling above 7%. Still, the downside risk to home sales is limited as more sales are being driven by life events, according to Fannie Mae ’s Economic and Strategic (ESR) Group. Homebuilder confidence fell six points from July to a reading of 50 in August.

Sales 433

Sales Mortgages As-is Marketing 433

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. I will watch for rising mortgage rates to see if they change the weekly data. I will watch for rising mortgage rates to see if they change the weekly data. So far no damage to the data line yet.

Mortgages 541

Mortgages Sales As-is Marketing 541

Housing Wire

FEBRUARY 13, 2024

FirstFunding appointed Matt Coles to the position of national sales manager, the company announced on Tuesday. In his new role, Coles will lead the company’s sales strategy and operations. FirstFunding is a wholly owned subsidiary of First American Financial Corp.

Sales 395

Sales Banks Investor Mortgages 395

Housing Wire

MAY 10, 2024

New York -based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers, the company announced on Thursday. Consider, for example, a home that costs $400,000, with an assumable mortgage amount of $280,000. An estimated 12.2

Mortgages 414

Mortgages VA loan Loans Lending 414