Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. In November, 70,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to 1,804,000 loans. Foreclosure starts decreased by 12.2%

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Mortgage Inventory Technology 459

Housing Wire

JUNE 21, 2022

Despite mortgage rates reaching the highest level in 14 years, mortgage applications increased 4.2% from the prior week, according to the latest Mortgage Bankers Association (MBA) survey for the week ending June 17. Rates for mortgage loans were strongly impacted by tightening monetary policy to combat rising inflation.

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Mortgage Contracts 482

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.

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Retail Mortgage Loan Officers Real Estate 447

Housing Wire

JANUARY 9, 2024

360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development.

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Training Mortgage Lending Real Estate 448

Housing Wire

MAY 11, 2022

Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year. The refinance share of mortgage activity dropped to 32.4% The rapid rise in mortgages rates continues to hit the refinance market, with activity 70 percent below a year ago. Presented by: RMF.

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Mortgage Contracts Retail Buyers 459

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 493

Housing Wire

FEBRUARY 1, 2024

Total endorsements between fiscal years 2009 and 2023 were 863,102, a rough estimate of the total number of customers served by the HECM program since the early aftermath of the Great Recession. Loan amounts and HECM limits The actuarial report also detailed loan amount information and how these have changed since fiscal year 2009.

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Mortgage Business Development Design 435

Housing Wire

AUGUST 27, 2021

Mortgages changed my life. Like most mortgage industry professionals, I fell into the business. Most of us don’t grow up telling everyone that we want to change the world by selling, processing, underwriting and closing mortgages. Maybe they were born with mortgages in their blood. Become a member today. Already a member?

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Mortgage Business 476

Housing Wire

FEBRUARY 3, 2021

Mortgage servicers received less complaints at the Consumer Financial Protection Bureau (CFPB) in the fourth quarter of 2020, according to data from Inside Mortgage Finance. The data showed that mortgage protests overall decreased by 6.7% in mortgage-related complaints. and criticisms about applications fell 8.6%.

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Mortgage Finance Law Government 469

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Mortgage 448

Mortgage Project Management Loan Officers Design 448

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

Mortgage 459

Mortgage Project Management Insurance Loan Officers 459

Housing Wire

MAY 21, 2024

Traditional equity-tapping methods — such as selling the home or taking out a home equity loan — could present lifestyle challenges, which is where alternative options like reverse mortgages can come into play. Interest rates also further complicate matters if the homeowner has a more beneficial mortgage rate than is available today.

Mortgage 459

Mortgage Tools Clients Finance 459

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. Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 million,” he said. “Yes,

Mortgage 435

Mortgage Inventory Housing Market Business 435

Appraisal Buzz

JANUARY 16, 2025

Foreclosure Starts Dip Nationwide The nations mortgage lenders started the foreclosure process on 253,306 U.S. properties in 2024, down 6% from 2023, up 174% from 2021, but down 25% from 2019, and down 88% from a peak of 2,139,005 in 2009.

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Lending Investors Housing Market Marketing 389

Housing Wire

MAY 18, 2022

Individuals across the country put the American dream of homeownership on standby for the week ending May 13, reducing mortgage application volume by 11% compared to the prior week, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. The decline was propelled primarily by purchase-application activity.

Mortgage 418

Mortgage Contracts Retail Marketing 418

Housing Wire

OCTOBER 2, 2024

HomeEquity Bank , the leading reverse mortgage lender in Canada , recently conducted a survey and found that the country’s retirees ages 75 and older were generally happier with their lives than workers in their 50s who are approaching retirement. border , according to data from 2009.

Mortgage 448

Mortgage Finance 448

Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. This week’s average purchase mortgage rate rose 17 basis points from the prior week’s 5.10%. This week, mortgage application volume rose 2.5% from the previous week. Presented by: Polly.

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Mortgage Buyers Government Lending 370

Appraisal Buzz

DECEMBER 6, 2024

According to the CoreLogic equity data analysis, which started in the third quarter of 2009, negative equity reached its highest point in the fourth quarter of 2009, accounting for 26% of mortgaged residential properties. Las Vegas and Los Angeles are the least affected, with negative equity shares of all mortgages at 0.6%

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Insurance Mortgage Appraisal 195

Housing Wire

SEPTEMBER 3, 2024

Duncan joined Fannie Mae after a 15-year stint as an economist at the Mortgage Bankers Association (MBA). Palim joined Fannie Mae in December 2009 and was promoted to deputy chief economist in July 2016, according to his LinkedIn profile. Mark Palim, the company’s deputy chief economist, will succeed Duncan as chief economist.

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Government Mortgage Marketing Finance 435

Appraisal Buzz

JANUARY 22, 2025

For instance, homeowners insurance and mortgage insurance facilitate a prospective homebuyers access to mortgage credit, and after a disaster, an insurance claim payout can lessen the financial shock and help the homeowner rebuild, preserving hard-earned home equity. million in 2009 to 4.5 housing market.

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Insurance Property Management Housing Market Marketing 379

Housing Wire

APRIL 15, 2024

In the late 2000s, Ryan Schmidt was a restaurant manager with no real understanding of the reverse mortgage product. It wouldn’t take long for that to change, however, and Schmidt now serves as the vice president of partner engagement at Finance of America Reverse (FAR), the reverse mortgage industry market leader in the U.S.

Mortgage 448

Mortgage Loan Officers Business Finance 448

Housing Wire

MARCH 7, 2025

Its just introducing another unregulated security into the housing market as though 2008, 2009 didnt happen, the staffer told the outlet. The mortgage industry broadly has been curious about the potential efficiencies that could come from cryptocurrency and blockchain technology for some time. I see a lot of ways this could hurt.

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Technology Government Law Insurance 304

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. Of course, servicers had experienced large volumes of borrower calls after the Home Affordable Modification Program (HAMP) launched in 2009.

Mortgage 488

Mortgage Investors Technology Housing Market 488

Housing Wire

APRIL 27, 2022

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. from a year ago. from the prior week and was down 16.6%

Housing Market 397

Housing Market Mortgage Marketing Retail 397

Housing Wire

APRIL 9, 2024

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. To get a better idea of what motivated the survey and its desire to learn more about reverse mortgages, RMD sat down with WSFS Mortgage President Jeffrey Ruben.

Mortgage 448

Mortgage Tools Brokerage Government 448

Housing Wire

MARCH 1, 2021

By late spring of 2020, the loan pipeline at Princeton Mortgage was full. It wasn’t so long ago that mortgage lenders were on top of the world. By the height of the bubble, the industry’s ranks had swelled to about 500,000 workers, according to the Mortgage Bankers Association. And CEO Rich Weidel’s staff was absolutely slammed.

Mortgage 379

Mortgage Loan Officers Retail Business 379

Housing Wire

DECEMBER 4, 2022

Home price corrections exposed a growing pocket of equity risk concentrated among purchase mortgages originated in 2022, Black Knight said in its latest mortgage monitor report. Of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater. More recent homebuyers don’t fare as well. “A

Mortgage 397

Mortgage Inventory 397

Housing Wire

AUGUST 30, 2024

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. ” Roque’s arrival at NFM comes just a few months after he joined Sierra Pacific Mortgage as executive vice president of retail. . “Looking forward to seeing what we can do together.”

Lending 435

Lending Retail Technology Mortgage 435

Housing Wire

JANUARY 7, 2022

With near record-low unemployment and massive job openings, you would assume mortgage rates should be skyrocketing, but they’re not. The 10-year yield and mortgage rates. Accordingly, my upper end range in mortgage rates is 3.375%-3.625% and the lower end range is 2.375%-2.50%. Current conditions don’t support this.

Mortgage 533

Mortgage Construction Retail Marketing 533

Housing Wire

APRIL 8, 2024

After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news. Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% The gains were led by Guild Mortgage (rising 96.6% to 84 loans), respectively.

Mortgage 459

Mortgage Marketing Investors Sellers 459

Housing Wire

MAY 15, 2024

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. Sponsored primarily by then-Sen. Logistically difficult’ Industry reactions at the time were swift.

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Logistics Mortgage Law Business 459

Housing Wire

JULY 2, 2024

She previously served at Fannie Mae in multiple roles from 1997 to 2009, including stints as director of the offices of corporate justice, corporate justice and employment practices, and human resources at different points between 1997 and 2002.

Lending 435

Lending Human Resources Law Government 435

Housing Wire

FEBRUARY 9, 2023

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. This week, Guild announced it has acquired Legacy Mortgage.

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

JULY 5, 2024

A New York jury found Vishal Garg, CEO and founder of digital mortgage lender Better.com , liable for breach of fiduciary duty and conversion in a decade-long lawsuit filed by his former partner, Raza Khan. million to Educational Investment & Finance Corporation (EIFC), the company the partners founded in 2009. This includes $2.3

Finance 448

Finance Business Mortgage Clients 448

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. million mortgage fraud settlement with the Securities and Exchange Commission to his name, seems to be back in the mortgage business. Shocked employees didn’t receive their last paychecks.

Mortgage 418

Mortgage Investors Legal Loan Officers 418

Appraisal Buzz

JULY 29, 2024

According to a new CoreLogic study , a decrease in affordability has resulted from the simultaneous rise in mortgage rates and housing prices in the U.S. A percentage point increase in the mortgage rate results in increased monthly payments and extra expenses for homebuyers. in May 2024, the highest amount so far this year.

Mortgage 360

Mortgage Retail Housing Market Buyers 360

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% and Longbridge Financial recorded increases for the month.

Mortgage 467

Mortgage Marketing Insurance Sellers 467