Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. Guild acquired Inlanta Mortgage , expanding its presence in the Midwest.

Retail 397

Retail Mortgage Loan Officers Technology 397

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. Increasing lending and servicing capacity – regardless of mortgage rates.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Housing Wire

JULY 3, 2024

” Christie’s International Real Estate Belgium is the real estate arm of Hillewaere Group , a firm established in 2002 by Roel Druyts that offers real estate , insurance and mortgage lending services.

Real Estate 378

Real Estate Realty Insurance Lending 378

Housing Wire

OCTOBER 28, 2022

Mortgage lender Homestar Financial Corporation on Friday announced appointing Gurp Bhandal as executive vice president of national production. Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi.

Retail 372

Retail Training Lending Mortgage 372

Housing Wire

JULY 11, 2022

Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). Kumar was a manager at Standard Chartered Bank from 2002 to 2004. The post LendArch hires Karthik Kumar, TCS’s former head of mortgage appeared first on HousingWire.

Mortgage 318

Mortgage Architecture Technology Clients 318

Housing Wire

SEPTEMBER 5, 2024

Mortgage lender and servicer OCMBC has acquired HomeStar Financial Corp. OCMBC, doing business as LOANStream Mortgage , posted $3.56 billion in volume in nonqualified mortgage ( non-QM ) volume, placing No. Mortgage data platform Modex showed that HomeStar posted an origination volume of $2.45 OCMBC also originated $2.1

Retail 346

Retail Government Mortgage Business 346

Housing Wire

OCTOBER 18, 2022

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. in September 2002. The index stood at 58.6 S&P/Case-Shiller U.S.

Mortgage 354

Mortgage Marketing Lending Finance 354

Housing Wire

SEPTEMBER 26, 2023

“This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare.

Inventory 471

Inventory Housing Market Lending Buyers 471

Housing Wire

MARCH 30, 2023

One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages. today and why they’re so different than the period of 2002-2008. There is usually a 1.60%- 1.80% difference between the 10-year yield and 30-year mortgage rate, but now we are at 3%.

Housing Market 500

Housing Market Mortgage Law Marketing 500

Housing Wire

JUNE 27, 2024

Dominion Financial Services , a Baltimore -based private lender with products tailored to real estate investors , has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday. In March, Attom reported that yields for single-family rental properties were set to rise in 2024.

Investing 347

Investing Investors Real Estate Inventory 347

Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. I’m going to take their talking points and explain in detail why this isn’t the housing bubble of 2002-2005. “ This is why I like to show the MBA mortgage purchase application chart.

Housing Market 527

Housing Market Inventory Lending Marketing 527

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. AmCap, founded in 2002, is a much smaller lender. In terms of volume, CCM claims it originated $31.6 billion in loans in 2023.

Retail 378

Retail Mortgage Loan Officers Training 378

Housing Wire

MARCH 15, 2021

First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards. Home prices were growing at an unsustainable level from 2002-2005, leading to some excess risk-taking on inadequate loan debt structures. The rest of this content is for HW+ members. Already a member?

Lending 537

Lending Housing Market Mortgage Marketing 537

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 475

Mortgage Inventory Housing Market Construction 475

Housing Wire

OCTOBER 25, 2023

A combination of mortgage volatility and extreme margin compression forced Homestar Financial Corp. The Gainesville, Georgia-based lender announced plans to cease retail operations while accepting mortgage locks through Oct. million in production volume across 3,014 units, according to data from mortgage tech platform Modex.

Retail 406

Retail Mortgage Government Marketing 406

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. Home sales.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

AUGUST 21, 2020

That belief, however, assumes that one does not understand the two main drivers of housing: demographics and mortgage rates. As it happens, these fabulous demographics are accompanied by the lowest mortgage rates ever recorded in history. All that other stuff, my friends, is just stamp collecting.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

JUNE 16, 2022

The Mortgage Bankers Association (MBA) nominated Laura Escobar, president of Lennar Mortgage to serve as vice chair for the 2023 membership year. She brings 35 years of experience in the real estate finance industry, holding leadership positions at both bank-owned and independent mortgage companies. trillion in 2022 from $4.0

Property Management 286

Property Management Real Estate Mortgage Lending 286

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 billion in home improvement projects.

Renovations 374

Renovations Home Improvement Marketing Finance 374

Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” Also, this is what the Federal Reserve wants.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. housing market, and we should never ease lending standards to try to facilitate demand. We had a credit boom.

Housing Market 417

Housing Market Marketing Inventory Lending 417

Housing Wire

SEPTEMBER 22, 2020

The new home sales market is doing well as it really benefits from lower mortgage rates. Good housing demographics, housing tenure at 10 years and low mortgage rates are a perfect recipe for unhealthy home-price growth. Mortgage rates are one of the primary drivers of demand. It is not out of the question that we can get to 6.2

Housing Market 543

Housing Market Marketing Construction Buyers 543

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Both these laws paved the way for more responsible lending and a more responsible consumer. Today, we are at 1.25

Law 522

Law Inventory Lending Mortgage 522

Housing Wire

AUGUST 30, 2022

However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Nor can we ever have a credit sales boom again with lending standards back to normal. As I have stressed, people need to be patient with inventory growth and not run 2002-2011 credit sales to inventory models for this marketplace.

Inventory 397

Inventory New Listings Law Housing Market 397

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. It is not our job to kill or make deals.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

OCTOBER 12, 2020

Due to the loosey-goosey lending standards of the time, many of these delinquent loan holders had little to negative equity. Mortgage demand, too, is at an 11-year high. And third — mortgage rates are very low. The number isn’t growing; it’s slowly shrinking. We have a precedent for how housing crashes happen.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. And now, thanks to these reforms, we live in an era of far greater mortgage banking controls and stability. This makes it more important than ever to consider how the U.S.

Government 446

Government Sellers Development Mortgage 446

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

Insurance 80

Insurance Appraisal Contracts Mortgage 80

Appraisal Today

MAY 12, 2023

NOTE: Please scroll down to read the other topics in this long blog post on humor, non-lender appraisals, mortgage forecast, staying positive when you’re slow, unusual homes, mortgage origination stats, etc. In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

NOVEMBER 4, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, non-lender appraisals, liability, ROVs,unusual homes, mortgage origination stats, etc. ==. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

DECEMBER 9, 2022

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

MAY 25, 2022

The most affordable manufactured homes are financed with private loans with higher interest rates, shorter terms and fewer consumer protections than mortgage loans. The GSEs, which back mortgages on traditional site-built homes, currently do not provide financing for chattel. That means the 17.5 A little bit jumbled.

Finance 400

Finance Supply Chain Tenants Real Estate 400

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Housing Wire

AUGUST 7, 2020

The initial public offering of Rocket Companies , parent of mortgage behemoth Quicken Loans , more than quadrupled the wealth of founder Dan Gilbert and made him the 28th richest person in the world, according to a Bloomberg ranking. mortgage lender, originated about $145 billion of home loans last year, according to regulatory filings.

Development 488

Development Law Investing Construction 488