Housing Wire

APRIL 1, 2025

has agreed to buy a majority stake in Angel Oak Companies , the holding company for a non-QM lender and investor that manages more than $18 billion in mortgage assets. Angel Oak, founded in 2008, owns mortgage originator Angel Oak Mortgage Solutions (AOMC) and asset management arm Angel Oak Capital Advisors.

Investors 311

Investors Clients Investing Lending 311

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

Mortgage 343

Mortgage Training Construction Investors 343

Housing Wire

NOVEMBER 12, 2024

Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Wallace brings more than 30 years of experience as a leader of tech-focused mortgage, asset management and capital market platforms. “The U.S.

Technology 370

Technology Finance Mortgage Lending 370

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. Low mortgage rates, driven by quantitative easing by the Federal Reserve helped fuel a boom in both mortgage refinancing and purchases, making 2020 the second-best year in U.S.

Development 448

Development Lending Mortgage Marketing 448

Housing Wire

FEBRUARY 26, 2025

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world.

Mortgage 335

Mortgage Government Development Business 335

Housing Wire

NOVEMBER 9, 2021

One of the most unloved American economic success stories has been how spectacular American households with mortgage debt look today. Post-2010, lending standards in America became normal again, and while I still believe they’re very liberal, they’re sane. The most important factor is that debt structures are vanilla. Already a member?

Mortgage 529

Mortgage Lending Housing Market Marketing 529

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

Mortgage 493

Mortgage Lending Loan Officers Government 493

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

JULY 29, 2024

The mortgage world is fast-paced and constantly evolving, driven by shifts in laws and economic conditions. Both lenders and borrowers need to grasp these changes to skillfully move through the maze of mortgage regulations. Adapting to changes Success in the mortgage industry hinges on your ability to adapt.

Mortgage 456

Mortgage Law Lending Training 456

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. Yet borrowers have had limited agency in the lending process to date. The smart contract presents the borrower’s lending request to the exchange. A bigger vision. “We’re

Lending 435

Lending Contracts Investors Technology 435

Housing Wire

JULY 1, 2024

Federal Housing Finance Agency (FHFA) Director Sandra Thompson recently announced its conditional approval of Freddie Mac pilot to purchase second mortgages. Second mortgage loans are specifically authorized in Freddie Mac ’s charter [Section 305(a)(4) – 12 USC 1454(a)(4)]. That is where the Freddie Mac second mortgage comes in.

Mortgage 448

Mortgage Lending Finance Marketing 448

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.

Mortgage 493

Mortgage Housing Market Lending Finance 493

Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

Mortgage 434

Mortgage Lending Modernization Technology 434

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 539

Housing Market Mortgage Law Marketing 539

Housing Wire

JUNE 12, 2024

of homes with mortgages were underwater, totaling just over 11 million homes. However, the situation has significantly improved since then, thanks to the Qualified Mortgage rule (QM) that was implemented in 2010. of homes that have a mortgage. of homes that have a mortgage. What a difference a cycle makes, right?

Housing Market 505

Housing Market Mortgage Law Government 505

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011. The post Interfirst Mortgage raises $175 million appeared first on HousingWire. The originations went from $14.1

Mortgage 428

Mortgage Investors Investing Loan Officers 428

Housing Wire

APRIL 4, 2022

South Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a more challenging origination landscape. . compared to the previous year, according to Inside Mortgage Finance. The higher-rate landscape is affecting all mortgage companies.

Supply Chain 476

Supply Chain Mortgage Retail Loan Officers 476

Housing Wire

JUNE 20, 2023

North Carolina-based Truist Financial Corporation announced on Tuesday that seasoned mortgage executive David Smith will be the head of Truist Mortgage effective July 31. mortgage lender and servicer, has shrunk amid a challenging mortgage market. Truist, a top U.S. Truist, a top U.S. according to the IMF data.

Business 370

Business Mortgage Retail Lending 370

Appraisal Buzz

SEPTEMBER 25, 2024

In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. CoreLogic recently posted that an estimated 4 million loans are candidates for refinancing if mortgage rates float below 6.75%. “An BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. An estimated $1.45

Mortgage 393

Mortgage Loan Officers Technology Contracts 393

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. If buyers feel they are paying top dollar due to increasing mortgage rates, they want their new home to be in move-in-ready condition.

Inventory 455

Inventory Inspection Lending Real Estate 455

Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture.

Mortgage 445

Mortgage Design Insurance Lending 445

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. Our clients have a moratorium on evictions, so we are not actively pursuing these opportunities.

Lending 395

Lending Clients Investors Training 395

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending.

Lending 516

Lending Development Government Finance 516

Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. 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. We have a much better housing ecosystem now for sure.

Inventory 544

Inventory Law Housing Market Design 544

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.” In their study, these researchers examined the 2008 financial crisis and its impact on nonbank liquidity.

Sellers 448

Sellers Mortgage Business Lending 448

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HW: How has wholesale changed over the past 2–3 years?

Mortgage 370

Mortgage Retail Lending Loan Officers 370

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. Over the years, I have tried to express that we won’t have a repeat of 2002-2005 when it comes to a speculative mortgage debt expansion on unsound credit. Home prices have grown 108.3%

Housing Market 532

Housing Market Inventory Lending Marketing 532

Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. But to understand the stability that the secondary market brought during a world-wide pandemic, you first have to look back at 2008. Think of it as the underdog quickly becoming the hero of the story.

Marketing 459

Marketing Lending Design Government 459

Housing Wire

MARCH 7, 2024

But major financial institutions have opposed the proposal, decrying its adverse effects on lending activities. The proposed reforms have sparked particular concerns within the housing sector, notably regarding the impact on the jumbo mortgage market and regional banks. banks to earmark billions more in capital reserves.

Lending 448

Lending Mortgage Finance Marketing 448

Housing Wire

NOVEMBER 7, 2022

Executives at the mortgage lender announced their decision in a letter sent on Wednesday to business partners and employees, which was reviewed by HousingWire. Athas Capital has been credited for “pioneering the re-birth of ‘sane’ subprime lending,” according to the company website. and Sprout Mortgage.

Lending 459

Lending Investors Business Mortgage 459

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

DECEMBER 7, 2023

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. This makes it harder to pursue innovations and to create sound industry standards in the broader mortgage market — one of the GSEs’ key statutory mission objectives.

Tools 545

Tools Development Mortgage Law 545

Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt.

Housing Market 545

Housing Market Marketing Inventory Construction 545

Appraisal Buzz

MARCH 3, 2025

Weve been scapegoated, slandered, and kicked to the curb by AMCs and lenders who see us as an inconvenient speedbump rather than a vital part of the lending process. During the HVCC fallout in 2008, NAR at least recognized the damage AMCs were doing to independent appraisers. Wouldnt it be nice to have a force pushing back?

Appraisal 370

Appraisal Modernization Real Estate Agent Business 370

Appraisal Buzz

FEBRUARY 11, 2025

Michael Gevurtz, CEO and Founder, Bluebird Lending This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. We were in a slow recovery from the 2008 great recession, and lenders were still hesitant to commit to projects. Unfortunately, I dont see this correcting itself quickly.

Real Estate 269

Real Estate Finance Development Investing 269

Appraisal Buzz

OCTOBER 4, 2024

The Federal Housing Finance Agency (FHFA) updated the National Mortgage Database (NMDB) Aggregate Statistics series to include fresh quarterly data on the loan performance of residential mortgages until Q2 of 2024. of all mortgages that were outstanding were either in the foreclosure, bankruptcy, or deed-in-lieu stages.

Mortgage 360

Mortgage Tools Lending Finance 360