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.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Condos in Florida have to be next level,” said one retail lending executive. In particular it’s created a glut of 30-plus-year-old units on the market, with few takers.

Marketing 524

Marketing Mortgage Finance Lending 524

Housing Wire

DECEMBER 1, 2021

Recognizing this year’s class of HousingWire Tech Trendsetters, this list of honorees represents the market disruptors who are overseeing and leading the charge when it comes to tech adoption. See below for the full list of HousingWire’s 2021 Tech Trendsetters, and click through for the profiles of each honoree. Synergy One Lending.

Technology 476

Technology Development Valuation Realty 476

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.

Mortgage 526

Mortgage Marketing Retail Lending 526

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.

Lending 341

Lending Mortgage Buyers Housing Market 341

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.

Mortgage 518

Mortgage Inventory Real Estate Technology 518

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.

Lending 345

Lending Business Real Estate Finance 345

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.

Marketing 435

Marketing Lending Finance Mortgage 435

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. million in 2021. Is now a good time to invest in real estate automation technologies?

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

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.

Marketing 418

Marketing Lending Retail Clients 418

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.

Marketing 433

Marketing Lending Clients Design 433

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.

Marketing 497

Marketing Mortgage Housing Market Business 497

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. In 2021 alone, 1,440 Austin homes have sold for between $100,000 and $299,999 above asking price, and 72 have already sold for $300,000 or more above asking price, per a recent study from Redfin.

Marketing 508

Marketing Sellers Finance Loan Officers 508

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.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

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].”

Housing Market 448

Housing Market Marketing Contracts Finance 448

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?

Housing Market 545

Housing Market Marketing Inventory Construction 545

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.

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

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.

Housing Market 461

Housing Market Mortgage Marketing Real Estate 461

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.

Housing Market 508

Housing Market Marketing Investing Mortgage 508

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.

Inventory 539

Inventory Housing Market Marketing New Listings 539

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.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. Jon Irvine: First, refinance volume has already dropped significantly from 2021 to Q1 2022. The post How can brokers get ahead in a tight market?

Marketing 435

Marketing Lending Inventory Mortgage 435

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Strategies lenders should adopt from direct to consumer lending. The average LO managed to produce $2.6

Mortgage 542

Mortgage Lending Training Inventory 542

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.

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

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.

Housing Market 531

Housing Market Marketing New Listings Construction 531

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%

Property Taxes 535

Property Taxes Lending Housing Market Insurance 535

Housing Wire

MARCH 5, 2021

What UWM is attempting to do is really manipulate the market and have brokers swear allegiance to one company and literally give them financial penalties if they don’t listen to them. The company, which originated $320 billion in mortgages last year, says it is investing $100 million into the broker channel alone in 2021.

Mortgage 514

Mortgage Marketing Real Estate Agent Loan Officers 514

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.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. year-over-year growth is the first annualized increase since July 2021. year over year and 2% compared to September. While that rate is well below historic averages, the 2.9% Census Bureau was less encouraging.

Marketing 370

Marketing Realtors Housing Market Lending 370

Housing Wire

JULY 27, 2023

. “Staff of the agencies estimated that five large bank holding companies would have shortfalls in their common equity tier 1 capital requirement under this proposal based on year-end 2021 data,” FDIC Chairman Martin Gruenberg said in a statement. ” Comments on the proposal will be accepted through November 30, 2023. .”

Lending 370

Lending Mortgage Insurance Modernization 370

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 435

Mortgage Marketing Investors Lending 435

Housing Wire

JULY 24, 2024

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It Altos considers anything above 30 to be indicative of a seller’s market.

Inspection 488

Inspection Insurance Marketing HOA 488

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” According to John Bosley, president of mortgage lending at Planet Home Lending , the idea that 95% of firms will qualify for the new risk-based capital rule is a “little bit disingenuous.”

Marketing 448

Marketing Lending Mortgage Valuation 448

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

FEBRUARY 9, 2021

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. What happens when borrowers have more control of the lending process? FormFree is launching a blockchain-based exchange for consumers to take control of the mortgage lending process.

Mortgage 542

Mortgage Lending Government Contracts 542

Housing Wire

JULY 23, 2024

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California -based lender. She also held prior leadership roles at Prospect Mortgage , Citinet Mortgage and Countrywide.

Lending 446

Lending Construction Investing Real Estate 446