Housing Wire

SEPTEMBER 11, 2020

The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president. Credit continues to tighten because of uncertainty still looming around the health of the job market ,” Kan said. “A 20 forecast.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

JULY 29, 2021

In a comprehensive study of mortgage market liquidity, Liquidity Crises in the Mortgage Market , several well-known academics provided compelling evidence for “liquidity vulnerabilities associated with nonbanks.” These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. Specifically, the 1.9 Similar results (2.57

Sellers 448

Sellers Mortgage Business Lending 448

Housing Wire

APRIL 22, 2022

the top depositary mortgage lender in the country, is cutting jobs in its home lending business, just days after reporting weak mortgage earnings in the first quarter of 2022. The home lending displacements this week are the result of cyclical changes in the broader home lending environment,” a Wells Fargo’s spokesperson told HousingWire.

Mortgage 435

Mortgage Lending Retail Business 435

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. However, the uptrend in the bond market since the lows of August 2020 is intact. for the week ending Feb.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Housing Wire

NOVEMBER 10, 2022

It goes to show what the failure to build enough homes from 2006 to the present combined with ultra-low, unrealistic mortgage rates and massive amounts of fiscal stimulus can do to the housing market. ahead of those in 2003. This is something that housing industry leaders should be thinking about — carefully. The history of housing.

Mortgage 493

Mortgage Housing Market Lending Finance 493

Housing Wire

SEPTEMBER 23, 2020

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. UWM’s move into the public markets follows that of rival Rocket Companies , the country’s largest mortgage lender by volume.

Mortgage 542

Mortgage Lending Business Inventory 542

Housing Wire

MAY 17, 2024

Scarpati is a 20-year reverse mortgage industry veteran, having joined Senior Lending Network in 2003 as vice president of sales for the company’s wholesale and lead distribution divisions. Jonathan Scarpati ‘’I am extremely honored to serve on NRMLA’s Board of Directors for the rest of the 2024 term,” Scarpati said.

Finance 447

Finance Retail Government Lending 447

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Chicago, I think, is suffering more than most markets in the United States.

Loan Officers 448

Loan Officers Retail Finance Buyers 448

Appraisal Buzz

JUNE 23, 2022

Mortgage Markets CUSO is now using Mortgage Coach to increase mortgage lending engagement at the credit unions it serves. To date, Mortgage Markets CUSO’s mortgage lending services are relied on by 15-plus U.S. To date, Mortgage Markets CUSO’s mortgage lending services are relied on by 15-plus U.S.

Mortgage 195

Mortgage Marketing Modernization Lending 195

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JANUARY 24, 2023

About a quarter of American homeowners are unable to access the equity in their homes because of strict lending standards, and EasyKnock said the partnership will “improve housing stability for our mutual customers, providing them liquidity, flexibility and control in their finances.” The lender originated $14.9 Licensed in Washington, D.C.

Tenants 397

Tenants Loan Officers Finance Clients 397

Housing Wire

JUNE 26, 2024

An industry veteran, Lovier joined Rocket Mortgage , the company’s lending arm, in 2003. In January, it hired Jonathan Mildenhall , a former Airbnb and Coca-Cola executive, to a newly created chief marketing officer position. Emerson will remain as Rocket’s president. The goal is to close loans faster.

Lending 301

Lending Clients Technology Development 301

Housing Wire

FEBRUARY 27, 2024

The company said that Gatling’s responsibilities will include recruiting and the creation of marketing and business strategies based on her understanding of the Black community. This position presents me with an opportunity to affect positive change across the industry.”

Loan Officers 448

Loan Officers Development Mortgage Real Estate 448

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. Are we really doing those types of loans and promoting homeownership again without understanding the risks? This is what we do in America.

Inventory 544

Inventory Law Housing Market Design 544

Housing Wire

MAY 13, 2024

Announced in February , the agency had originally planned to publish the dataset next year, but it chose instead to advance the timeline to third-quarter 2024 in order to “better support market participants with this transition” to a new bi-merge credit reporting requirement that is also being challenged by trade groups and lawmakers.

Legal 448

Legal Mortgage Contracts Insurance 448

Housing Wire

OCTOBER 22, 2020

history next to 2003. Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. A top originator this year may become a challenge as the market shifts if they are heavily weighted in refinance. Conclusions ?

Mortgage 498

Mortgage Training Contracts Loan Officers 498

Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

OCTOBER 16, 2024

A voucher location report published in 2003 said that white recipients of HCVs were “more likely to live outside of central cities than Black or Hispanic voucher recipients, indicating that the race and ethnicity of program participants may be determining factors for where they live.”

Tenants 488

Tenants Investing Housing Market Mortgage 488

Housing Wire

APRIL 14, 2022

“The mortgage origination market experienced one of its largest quarterly declines that I can remember, and it will take time for the industry to reduce excess capacity,” Charlie Scharf, Wells Fargo’s CEO, said during a call with analysts on Thursday. . The bank’s revenues in the home lending business reached $1.5

Mortgage 418

Mortgage Retail Business Lending 418

Housing Wire

APRIL 30, 2021

Founded in 2003, LGI closed 3,408 homes in the fourth quarter of 2020, more than they closed in all of 2015. Its top five markets in 2020 were Dallas-Fort Worth, Phoenix, Austin, Texas, Houston and Seattle. Increasing Lending and Servicing Capacity – Regardless of Rates. . As of Thursday, loanDepot had a market cap of $6.35

Retail 397

Retail Mortgage Lending Marketing 397

Housing Wire

MARCH 1, 2022

Fannie said in a press release on Monday that the creation of this role cements its commitment to enabling opportunities for minority and women-owned firms in capital markets and fostering an inclusive workplace. Effective Feb. Before that, she worked at Ballard Spahr in public finance and housing. It will not be her first time at Fannie Mae.

Human Resources 418

Human Resources Government Finance Mortgage 418

Housing Wire

MARCH 30, 2023

housing market would crash during the pandemic. However, the current housing market is much different than the credit boom-and-bust cycle of 2002-2008, and it’s vital to understand why. housing market. Many people predicted that the U.S. during the last few years, nor can we ever. That is not the case today.

Housing Market 539

Housing Market Mortgage Law Marketing 539

Housing Wire

FEBRUARY 28, 2021

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. trillion in mortgage loans, making 2020 the industry’s biggest year since 2003. Lenders need to figure out now how they will retain borrowers in this increasingly competitive market.

Clients 397

Clients Home Value Design Tools 397

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. increase in total labor productivity in the US from 2003 through 2022, largely through business process improvement and automation.

Technology 418

Technology Business Lending Training 418

Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. ReverseVision marks the second mortgage software provider acquired by CMS in the last couple of years.

Development 397

Development Modernization Technology Mortgage 397

Housing Wire

JANUARY 10, 2024

In an exclusive interview with HousingWire , Ron Leonhardt, a former mortgage broker who founded CCM in 2003, confirmed conversations with the parties started years ago, although the transaction closed on Tuesday. “Our basic strategy for growth has always been organically, getting into markets one by one.

Retail 435

Retail Mortgage Loan Officers Training 435

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 510 PadSplit 1,152% 2017 Creator of a co-living market platform enabling workers to live in the communities they serve. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose. Source: Inc.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Now that the market has turned, do you see any challenges for your purchase call center agents ?

Retail 370

Retail Business Agents Loan Officers 370

Appraisal Buzz

NOVEMBER 4, 2024

Responsible for market analysis, strategic planning and sales process development reporting directly to the CRO and CEO. His role blends his unique skillset set of tactical marketing execution with sales expertise and the ability to drive hyper-growth for companies in the outsourcing space.

Mortgage 221

Mortgage Clients Technology Business 221

Empire Appraisal Group

NOVEMBER 9, 2023

Market Update Parkland and Coral Springs Q3 2023 Since 2005, Empire Appraisal Group, Inc. He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. The post Market Update Parkland and Coral Springs Q3 2023 appeared first on Empire Appraisal Group.

Marketing 78

Marketing Real Estate Clients Realtors 78

Empire Appraisal Group

NOVEMBER 22, 2023

Pompano Beach and Deerfield Beach Market Update Q3 2023 Since 2005, Empire Appraisal Group, Inc. He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. The post Pompano Beach and Deerfield Beach Market Update Q3 2023 appeared first on Empire Appraisal Group.

Marketing 78

Marketing Real Estate Clients Realtors 78

Lamacchia Realty

AUGUST 16, 2022

Beginning his real estate career in 2003, Jim has an immense amount of knowledge and experience of the local market and is continuously on the cutting edge of market trends to best serve his clients. He is always there to lend a helping hand, offering advice and support to fellow agents. Anthony Lamacchia. Broker/Owner.

Realtors 74

Realtors Realty Agents Real Estate 74

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. My comments: I find this post’s appraiser comments most interesting, especially those from VA appraisers who have been required to use the VA’s Tidewater Initiative, which started in 2003. baths, 9,470 sq.ft.,

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. The second-lowest LO turnover rate was in 2003, at 31%. rms can’t dodge fair lending laws and anti-discrimination laws under the guise of their secret algorithm.” “I

Marketing 459

Marketing Law Government Mortgage 459

Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers. With rates surging today – to near 7.0%

Marketing 36

Marketing Buyers Inventory Sellers 36

Appraisal Today

AUGUST 5, 2022

“The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. Marketing: Lender: get on AMC and lender lists. Non-lender: marketing in person and online.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Appraisal Today

AUGUST 2, 2024

Then, along came accessory dwelling units (ADU), which in some states and cities are messing with established appraisal and lending systems. Conflict With Lending The Federal National Mortgage Association (FNMA) will buy a loan where the single-family home has a single ADU. Ah, the good old days. FHLMC), the VA and FHA.

Appraisal 73

Appraisal Law Valuation Contracts 73