Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. The short (and long) answer is no, not a chance.

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Housing Wire

MARCH 25, 2022

Home Mortgage Disclosure Act (HMDA) data, released Thursday by the Consumer Financial Protection Bureau, showed a reshuffle in the top 10 lenders by volume for 2021. Rocket pumped out $340 billion in loans in 2021, 8.55% more than it did in 2020. Wells Fargo moved up one notch, originating $141 billion, a 11% increase from 2021.

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Housing Wire

NOVEMBER 15, 2022

Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. A decline in the index, benchmarked to 100 in March 2012, is an indicator that lending standards are tightening, while an increase suggests loosening credit standards.

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Housing Wire

OCTOBER 12, 2022

Homepoint declined to comment on the credit line terminations, but has been open about shrinking its footprint as the mortgage market contracts from about $4 trillion to roughly $1.6 In the fourth quarter of 2021, the company had $4.72 The post Homepoint shrinks its lending capacity appeared first on HousingWire.

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Housing Wire

JANUARY 27, 2023

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. I thought it was sparse.

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

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Housing Wire

FEBRUARY 20, 2025

While the share of first-time homebuyers has declined across the country, Black homebuyers are bucking the trend and showing resilience in an increasingly difficult housing market. In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023. The rise comes after years of fluctuation. for Hispanic, 37.9%

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Appraisal Buzz

AUGUST 29, 2024

from a peak reached in 2021 and down 1.6% The recovery occurred in the midst of a robust springtime housing market and falling mortgage rates following several months of rising rates. The recovery occurred in the midst of a robust springtime housing market and falling mortgage rates following several months of rising rates.

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Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. Inventory issues. All about the rates. Push for tech.

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Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. In terms of dollar volume, there was an estimated $251 billion in HELOC originations during all of 2022, up from $182 billion in 2021. last year.

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Housing Wire

OCTOBER 17, 2024

Executives at Better reset the company amid a shrinking mortgage market, with its workforce declining 92% from 10,400 employees in 2021 to just 820 in 2023. Gains in productivity mean fewer additions to operations staff per LO in this lending cycle, he added.

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Housing Wire

NOVEMBER 13, 2024

Smith previously served as president and CFO of Stearns Lending , CFO of Caliber Home Loans , executive for core servicing and centralized sales for Bank of America and CFO of consumer markets for Countrywide. Meanwhile, Smith said Movement is “uniquely positioned to win big in the coming years.”

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Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart. million in loan volume last year. “We

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Housing Wire

JUNE 10, 2024

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space. Pham has 23 years of marketing experience in the real estate and finance sectors.

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Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Established in 2021, Dunmor operates nationwide in the consumer direct and broker channels.

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Housing Wire

SEPTEMBER 28, 2023

Jim Anderson Colorado-based lender Loan Simple brought on Jim Anderson as its new chief marketing officer. Anderson, who started the new role in September, will oversee all aspects of the firm’s marketing, branding and demand-generation efforts. Anderson won HousingWire’s Marketing Leader Award in 2021.

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Housing Wire

DECEMBER 12, 2022

The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market.

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Housing Wire

OCTOBER 2, 2024

The platform offers a new broker scoring system designed for better account management and a tagging system to improve email marketing campaigns. The CRM company launched in 2016 to provide third-party origination (TPO) mortgage lenders with account management, sales and email marketing through its software-focused approach.

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Appraisal Buzz

JANUARY 16, 2025

Foreclosure Market Report a measure of foreclosure filings, including default notices, scheduled auctions, and bank repossessionswere reported on 322,103 U.S. properties in 2024, down 10% from 2023, down 1% from 2022, and down 35% from 2019, before the pandemic shook up the market. ATTOMs Year-End 2024 U.S. million in 2010.

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Housing Wire

DECEMBER 28, 2022

Amid a declining housing market and volatile economy, mortgage and banking marketers may find themselves in a difficult position. . While this shift heads in the direction lenders would like to see, these rates remain striking considering that 2021 mortgage rates were approximately 3%. Crashing into opportunity. in Q4 2023.

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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 many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. The housing market won’t be like this forever.

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Appraisal Buzz

FEBRUARY 5, 2025

There are promising signs that the market could rebound in 2025 if interest rates moderate significantly, bringing new opportunities and growth potential. inflation rate peaked at 7% in 2021, and recently declined to 2.7%. Further, we will do everything we can to support a strong labor market as we progress toward price stability.He

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

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Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The latest news regarding the Omicron variant has many cautious about whether the recovery that began in the second half of 2020 and blossomed in 2021 can continue.

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Appraisal Buzz

FEBRUARY 27, 2025

The quarterly drop-offafter increases earlier in 2024came as mortgage rates rose, supplies of residential properties for sale remained near five-year lows, and the home-buying market hit its usual Fall slow season. The latest trend resulted from declines in purchase and home-equity lending, tempered by an increase in refinance packages.

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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. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. million until 2020-2024. Become a member today. Already a member?

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Housing Market Marketing Inventory Construction 545

Appraisal Buzz

MARCH 27, 2025

As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. As long as the market remains tilted toward buyers who are less sensitive to home prices and mortgage rates, down payments are likely to remain relatively high. In the fourth quarter of 2024, down payments were 3.4

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Housing Wire

JUNE 8, 2023

It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. in 2023, according to Fed staff.

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Housing Wire

APRIL 16, 2023

One thing to notice is that the new listing data in 2022 was higher than in 2021. Even though the market stress has decreased lately, the assumption is that credit will only get tighter as the year grows. Purchase application data Purchase application data has been one of the most improved housing market data lines since Nov.

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Housing Wire

OCTOBER 30, 2024

I think we’re going to get ourselves more to what I’ll say is the market on a normalized basis,” Newrez President Baron Silverstein told analysts in an earnings call on Tuesday. He mentioned that since 2021, the company has deployed $5.8 But executives expect things to calm down moving forward. “I

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Housing Wire

MAY 7, 2023

However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. didn’t go into recession until 2008.

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Housing Wire

MARCH 21, 2025

The dawn of the super app Zillow began honing its Housing Super App strategy in early 2022 after announcing its departure from iBuying during its Q3 earnings call in November 2021. In some of the early integrated markets, the data shows that Zillow is really figuring this out theyve unlocked this cupboard for themselves.

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. First, mortgage lending standards have remained high after the last bubble. The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. There will be two key differences between 2023 and 2010.

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Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Every Saturday I publish a weekly housing market tracker with forward-looking data and insights so you can adjust quickly to market conditions. If the 10-year yield gets above 4.25%, the U.S.

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Housing Wire

JANUARY 3, 2022

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. ATTOM found that ownership costs have risen in the fourth quarter of 2021, with the typical home consuming 25.2%

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Housing Wire

JUNE 27, 2022

About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. Market conditions have forced countless LOs, including Dicker, to find creative solutions to lock down home purchases for clients whose purchasing power has diminished greatly in the past six months.

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Housing Wire

FEBRUARY 21, 2024

This figure was down 15% year over year and 18% below the peak of 420,000 employees in July 2021, when the 30-year fixed mortgage rate averaged less than 3%. In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. But some are completely fresh to the field.

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