Housing Wire

FEBRUARY 1, 2024

The Tech100 Mortgage award celebrates the most innovative and impactful organizations in housing. More than just an acknowledgment; the Tech100 award is a testament to the transformative impact these companies have made, propelling the mortgage sector into new realms of efficiency, transparency and accessibility.

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Mortgage Valuation Insurance Appraisal 439

Housing Wire

DECEMBER 1, 2023

Mortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations. In 2024, Fair Isaac Corp. Compared to 2022, mortgage lenders in 2023 saw a price increase between 10% and 400% , mortgage trade groups and other stakeholders said.

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Mortgage Retail Lending Clients 464

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. from $490 billion in the second quarter.

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Lending Inventory Mortgage Finance 421

Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. Executives at Planet Home Lending were also on the call. Last year, it acquired the majority of Platinum Home Mortgage Corp.’s in the first half of 2024 with $8.38

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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. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. If the 10-year yield gets above 4.25%, the U.S.

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Housing Market Marketing New Listings Construction 522

Housing Wire

DECEMBER 27, 2024

Reverse mortgage business and mortgage business generally is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. I think that’s true from an industry standpoint.

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Housing Wire

NOVEMBER 28, 2023

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. There are some exceptions.

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Finance Construction Government Mortgage 474

Appraisal Buzz

OCTOBER 1, 2024

Total borrowing and lending for commercial and multifamily mortgages is expected to finish at $539 billion by the end of 2024, according to an updated baseline forecast by the Mortgage Bankers Association (MBA). This gives 2024 a 26% year-over-year increase from 2023’s total of $429 billion.

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Housing Wire

JULY 1, 2024

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Congratulations to this year’s honorees!

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Realty Real Estate Chief Valuation Officer Technology 447

Housing Wire

MARCH 20, 2024

A fresh set of quarterly economic projections from Fed officials showed that borrowing costs are expected to end the year at 4.6%, suggesting that the central bank still plans to make three cuts of 25 basis points (bps) each in 2024. this year before declining to a range of 6% to 7% in 2025.

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Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

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Mortgage Retail Lending Sellers 364

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. to take its lending division, LendCo , public. CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store are Figure’s private-label partners.

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Lending Technology Investors Development 344

Housing Wire

APRIL 24, 2024

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. Congratulations to the 2024 Rising Stars! This year 80 honorees were selected. Take a look below to see this year’s list of honorees. Name Job Title Company Name A.T.

Real Estate 438

Real Estate Realty Project Management Realtors 438

Appraisal Buzz

JULY 30, 2024

VantageScore, a joint venture of the three major credit bureaus (Equifax, Experian, and TransUnion) managed by an independent body, VantageScore, has released its June 2024 CreditGauge report, offering a detailed analysis of the current state of U.S. Personal Loans led the jump, increasing 0.22% from 2.68% in May 2024 to 2.90% in June 2024.

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Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. That’s not sustainable for a healthy mortgage industry. Click here to nominate someone.

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Lending Mortgage Technology Tools 352

Housing Wire

JUNE 3, 2024

HousingWire’s 2024 Marketing Leaders award recognizes the most creative and influential marketing minds in the housing economy. This year’s winners have demonstrated exceptional creativity, strategic thinking, and the ability to adapt in a rapidly-evolving landscape.

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Marketing Advertising Realty Real Estate 435

Housing Wire

JUNE 7, 2024

Almost all Home Equity Conversion Mortgages (HECMs) originated today utilize the adjustable-rate mortgage (ARM) option. In stark contrast to traditional mortgage lending, the reverse mortgage business is dominated by ARMs, representing over 99% of Federal Housing Administration (FHA)-insured reverse mortgages originated today.

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Mortgage Insurance Lending Business 340

Housing Wire

OCTOBER 17, 2024

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions. Guerra added that she will have “the opportunity to help shape communities across the nation with stability, liquidity and affordability.”

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Lending Government Development Mortgage 354

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan. million to 3.8

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Housing Market Marketing Mortgage Lending 437

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Construction Supply Chain Inventory Housing Market 436

Housing Wire

AUGUST 16, 2024

As discussed in previous reverse mortgage rate updates , the federally insured Home Equity Conversion Mortgage ( HECM ) is the dominant reverse mortgage in America. As a result, HECM has become synonymous with reverse mortgages. Consider that 99.81% of HECMs originated in June 2024 were adjustable-rate mortgages (ARMs).

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Mortgage Insurance Lending Finance 326

Housing Wire

OCTOBER 11, 2024

in the past year, driven by more cases of identity and transaction fraud New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet. The CoreLogic Mortgage Application Fraud Risk Index jumped by 8.3% year over year in the second quarter of 2024.

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Mortgage Lending Insurance Real Estate 459

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”

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Finance Construction Real Estate Realty 363

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. Rocket Mortgage had purchase origination volume of $47.5

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Mortgage Marketing Retail Lending 431

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday. We’re focused on the things we can control in this environment and that’s supporting our customers all the way home.

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Lending Real Estate Agent Contracts Government 358

Housing Wire

AUGUST 16, 2024

year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. during the same period, which Redfin attributed to elevated mortgage rates and home prices. Investors, many of whom can afford to pay in cash to avoid the sting of high mortgage rates, are cashing in on that demand.”

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Housing Wire

JANUARY 2, 2025

Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Mortgage demand declined 21.9% Mortgage demand had been on the upswing for much of November and December. 27, the MBA reported.

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Mortgage Retail Contracts Government 356

Housing Wire

JULY 24, 2024

Back in 2008, an artificial housing bubble burst due to reckless mortgage lending and speculative buying, leading to widespread foreclosures and a dramatic drop in home prices. The stock market and housing market crashes of 2008 traced their origins to the unprecedented growth of the subprime mortgage market.

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Real Estate Real Estate Agent Agents Client Relationships 379

Housing Wire

APRIL 16, 2024

Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. mortgage lender stated it produced a volume of $3.4 billion in first mortgages from January to March, down 12.5% billion in Q1 2024, a decline of 16% from $2.2 from the $3.9

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Mortgage Lending Business Finance 380

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions.

Mortgage 361

Mortgage Lending Loan Officers Training 361

Housing Wire

FEBRUARY 12, 2024

Shannon Robinson has been serving as vice president for the reverse mortgage division at New American Funding (NAF) for just over a year, a time that was marked by a lot of challenges across the reverse mortgage. It was a challenge for so many in the reverse space, but also in the mortgage space, generally,” she said.

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Business Loan Officers Clients Mortgage 417

Housing Wire

APRIL 12, 2024

Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. billion in Q1 2024.

Mortgage 365

Mortgage Retail Lending Business 365

Housing Wire

JULY 12, 2024

Wells Fargo , JPMorgan Chase and Citi opened the second-quarter earnings season in the mortgage space on Friday by showing strong increases in sales volumes from April to June compared to the previous quarter. Among the three depositories, JPMorgan was the leader in mortgage production with $10.7 billion in Q2 2024, up from $8.6

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Mortgage Lending Retail Business 336

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

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Lending Technology Training Investing 312

Housing Wire

SEPTEMBER 30, 2024

The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 trillion in assets under management globally at the start of 2024. has surged by 20-30%, with more than 5,000 lenders originating mortgages in 2023.

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Lending Technology Client Relationships Tools 328

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% in the same time period, according to a study released Monday by the Mortgage Bankers Association (MBA). The elevated mortgage rate environment slowed servicing runoff, and utilization rates also increased. The survey was conducted by MBA in the spring of 2024.

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Lending Renovations Real Estate Mortgage 328

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. These include having served nearly 2.6

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Lending Finance Government Realtors 334