Housing Wire

MARCH 23, 2021

mortgage after serving in the role since December. Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support.

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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.

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Housing Wire

NOVEMBER 10, 2022

From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. Mortgage rates today are not much higher than they were then. One challenging historical fact is that while mortgage rates fell from 13.24% in 1983 to 7.81% in 1996, it took that long for housing sales to reach the levels they did in 1978 to 1979.

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Mortgage Housing Market Lending Finance 439

Housing Wire

SEPTEMBER 23, 2020

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Now before you respond, just read the rest as to why. You must be wrong.”

Mortgage 540

Mortgage Investors Buyers Finance 540

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 company did not specify the size of the workforce reduction, though sources told HousingWire it affected hundreds of mortgage processors.

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Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. In the 2020 market, on the other hand, refinances were not driven just by an increase in equity but lower mortgage rates. Already a member?

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Lending Housing Market Mortgage Marketing 520

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Since 1976, mortgage interest rates and home price appreciation have had a positive, but weak relationship.

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Housing Wire

JANUARY 6, 2021

While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond. According to the Mortgage Bankers Association, mortgage origination volume is expected to reach $3.1

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Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

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Housing Wire

APRIL 14, 2022

had their mortgage businesses hit hard by the higher interest rate landscape in the first quarter of 2022. That’s a taste of what to expect from other mortgage lenders who have yet to report Q1 results. . mortgage lender by volume, originated $37.9 The mortgage banking noninterest income came in at $693 billion, down from $1.3

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Mortgage Retail Business Lending 411

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.

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Mortgage Marketing Modernization Lending 195

Housing Wire

FEBRUARY 28, 2023

Independent mortgage lender New American Funding (NAF) has partnered with hyper-local news platform Patch to become its exclusive mortgage provider, the company announced on Tuesday. “People in different areas are looking for different things, so we want to highlight the mortgage solutions that best meet their individual needs.”

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Housing Wire

MAY 4, 2022

Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. The piece is titled, “The Policymaking Implications Of Record-High Mortgage Origination Profits During The Pandemic.”

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Mortgage Finance Marketing Training 439

Housing Wire

SEPTEMBER 22, 2022

Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. A Spanish website and mortgage applications tool to help Hispanics overcome language barriers went live this week by CrossCountry Mortgage. billion in loans.

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Marketing Tools Loan Officers Finance 324

Housing Wire

AUGUST 11, 2020

I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. We didn’t have a boom in cash-out loans either, so the equity has not been whittled down like what we saw from 2003-2006.

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Housing Market Development Marketing Mortgage 545

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion, according to the Mortgage Bankers Association.

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Lending Realtors Real Estate Agent Mortgage 296

Housing Wire

MAY 2, 2022

in February, which was the first month to see price growth greater than 20%, according to Black Knight ’s monthly mortgage monitor report. Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market.

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Housing Market Mortgage Investors Finance 439

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 ?

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Mortgage Training Contracts Loan Officers 383

Housing Wire

DECEMBER 2, 2020

The Mortgage Bankers Association reported that applications dropped 0.6% Purchase activities continued to show impressive year-over-year gains, with both the conventional and government segments of the market posting another week of growth,” Kan said. The refinance share of mortgage activity decreased to 69.5% the previous week.

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Mortgage Contracts Government Inventory 305

Housing Wire

FEBRUARY 27, 2024

California-based New American Funding (NAF), which recently acquired Draper and Kramer Mortgage Corp. Last year, she produced about $78 million in mortgages, consisting mainly of Federal Housing Administration (58.8% of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Of the total, 53.6%

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Loan Officers Development Mortgage Real Estate 390

Housing Wire

AUGUST 27, 2024

Chris Bruser, a reverse mortgage professional in Florida , agreed with an assertion that most people do not dream of entering the reverse mortgage business when they’re kids. In 1987, the Oliver Stone-directed film “Wall Street“ was released and further enamored Bruser with the stock market. I wanted to be a stockbroker.”

Mortgage 304

Mortgage Business Clients Finance 304

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.

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Mortgage Loan Officers Lending Business 292

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. “Our basic strategy for growth has always been organically, getting into markets one by one. billion in loans in 2023.

Retail 339

Retail Mortgage Loan Officers Training 339

Housing Wire

FEBRUARY 8, 2024

A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. Founded in 2003 by Tom Gonser, DocuSign went public in 2018 and was valued at about $6 billion at the time. DocuSign’s market capitalization is close to $10.5 DocuSign had 7,336 employees at the end of 2023.

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Technology Investors Finance Business 390

Housing Wire

JUNE 14, 2024

a student loan servicer he joined in 2003, and was a managing director for the financial institutions group at Morgan Stanley. In March, Freddie Mac announced that its president, Michael Hutchins — a 30-year veteran of the mortgage industry who joined the GSE in 2013 — had been appointed as interim CEO.

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Finance Government Mortgage Marketing 372

Housing Wire

DECEMBER 18, 2024

CreditXpert , a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. The new credit optimization platform will combine the best parts of the What-if Simulator and Wayfinder tools, giving mortgage professionals the power to reach more clients and close more loans.

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Loan Officers Tools Technology Mortgage 307

Housing Wire

DECEMBER 7, 2021

“That works out to nearly $178,000 available in tappable equity to the average homeowner with a mortgage before hitting a maximum combined loan-to-value ratio of 80%.”. Overall, mortgage holders withdrew more than $70 billion in equity in the third quarter, equivalent to just 0.8% will result in the tightest affordability since 2009.

Inventory 459

Inventory Mortgage Marketing 459

Housing Wire

SEPTEMBER 21, 2020

The housing and mortgage markets have been the rare bright spots in an otherwise fragile economy brought forth by the ongoing COVID-19 pandemic. Mortgage origination volume this year is on track to be the highest in more than 15 years, led by a strong wave of refinances. Just how busy have lenders been?

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Government Mortgage Marketing Housing Market 539

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.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

OCTOBER 6, 2023

NAF Insurance and NAF Concierge will be integrated into NAF’s loan process to remove friction from the mortgage, home buying and moving experience, the California-headquartered lender said. Mortgage customers can bundle food, wind, auto, pet, life and other personal lines of insurance through NAF Insurance, which is powered by Matic.

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Insurance Brokerage Government Real Estate 373

Housing Wire

FEBRUARY 12, 2021

Fannie Mae, the largest mortgage financier in the U.S., trillion, the highest level on record, of which refi volume made up $948 billion, the highest level since 2003. Looking forward Fannie Mae expects the market to continue to boom in 2021 – averaging $3.9 billion – up 8% from the third quarter. trillion last year.

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Government Investors Finance Housing Market 541

Housing Wire

APRIL 11, 2022

The AOL must also list “all other liens and the states in which they are subordinate,” and “state the title condition of the property is acceptable and the mortgage constitutes a lien of the required priority on a fee simple estate in the property.”. Fannie Mae did not return a request for comment.

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Insurance Real Estate Finance Mortgage 427

Housing Wire

DECEMBER 19, 2022

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. However, even Louisville’s active housing market has slowed down recently. “I According to Ridenour Lindsey, as the market has cooled, she has noticed fewer all-cash offers being made. What happened to the market?’”

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Marketing Inventory Buyers Housing Market 330

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.”

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Tenants Investing Housing Market Mortgage 414

Housing Wire

JANUARY 10, 2022

The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. Homeland Title has served homebuyers and sellers in middle Tennessee since 2003. By investing in key markets across the country, Stewart looks to regain some of its market share.

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Investing Insurance Real Estate Sellers 406

Housing Wire

APRIL 8, 2021

Prior to his appointment, Patel was managing director on the corporate client banking mortgage finance team, where he covered nonbank mortgage originators, mortgage REITs and mortgage servicers across the country. He joined JPMorgan Chase in 2003. billion in the fourth quarter, a 12% gain from the prior quarter.

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Retail Lending Clients Finance 339

Housing Wire

MARCH 30, 2023

housing market would crash during the pandemic. 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. 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.

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