Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

Retail 448

Retail Legal Lending Business 448

Housing Wire

FEBRUARY 5, 2024

million to acquire Residential Mortgage Services Holdings (RMS), a Maine-headquartered retail lender of which Seely was president and CEO. However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation.

Retail 448

Retail Contracts Loan Officers Mortgage 448

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. He most recently served as the president of troubled, largely defunct retail lender Celebrity Home Loans.

Contracts 434

Contracts Real Estate Agent Tenants Retail 434

Housing Wire

JULY 13, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 38% 2023: 33% 2022: 33% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand. These are live weekly contracts, compared to the purchase application data, which looks out to 30-90 days.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

NOVEMBER 15, 2023

Citizens was among the few large depository banks operating in retail, wholesale and correspondent in the mortgage space. billion in mortgages through the retail channel, a 60.3% In 2018, it acquired Franklin American Mortgage. In the first half of the year, Citizens originated $2.4 Correspondent channel volume came in at $2.5

Retail 468

Retail Mortgage Finance Contracts 468

Housing Wire

MAY 25, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) marginally fell to 10.4% The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) also dropped slightly to 5.02% from 5.03% a year earlier. from 10.5%

Mortgage 459

Mortgage Contracts Retail Inventory 459

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. and Delaware employees also transitioned to the retail competitor. A Movement representative did not return a request for comments. Additional Maryland, Washington, D.C.,

Retail 448

Retail Contracts Legal Business 448

Housing Wire

NOVEMBER 16, 2022

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) dropped to 6.9% retail residential mortgage applications. central bank stops raising interest rates. from the previous week’s 7.14%. Jumbo mortgage loans (greater than $647,200) rose marginally to 6.51% from 6.50%. .

Mortgage 545

Mortgage Retail Contracts Marketing 545

Housing Wire

MAY 11, 2022

The average contract interest rate for 30-year-fixed mortgages with conforming loan balances ($647,200 or less) rose to 5.53% this week from the previous week’s 5.36%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) increased to 5.08%, from 4.92% the prior week.

Mortgage 459

Mortgage Contracts Retail Buyers 459

Housing Wire

NOVEMBER 1, 2022

Caliber Home Loans is suing another direct competitor for raiding its talent pool, accusing rival Union Home Mortgage of trying to “cripple” its retail mortgage operation in the Southeast. A fellow Ohio distributed retail lender, CrossCountry Mortgage , has arguably been the most aggressive. million profit for Caliber.

Retail 334

Retail Mortgage Contracts Loan Officers 334

Housing Wire

JUNE 15, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 36% 2023: 31% 2022: 27% Pending sales Below is our weekly pending contract data on a year-over-year basis to show demand in real time. With more sellers who are buyers, we have a tad more demand this year.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

JUNE 1, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($642,000 or less) fell to 5.33% from 5.46% in the prior week. The average contract interest rate for a 30-year fixed-rate mortgage with jumbo-loan balances (greater than $642,000) also dropped to 4.93% from 5.02% a week earlier.

Mortgage 459

Mortgage Contracts Retail Marketing 459

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business.

Lending 397

Lending Business Retail Client Relationships 397

Housing Wire

FEBRUARY 9, 2024

UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. Earlier this month, Fairway — the nation’s ninth-largest mortgage originator — announced a 100% business shift to retail lending. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 448

Contracts Retail Lending Mortgage 448

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

JULY 3, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. found that the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) increased by 10 basis points to 7.03% during the week ending June 28.

Mortgage 435

Mortgage Retail Contracts Inventory 435

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

Loan Officers 435

Loan Officers Retail Lending Contracts 435

Housing Wire

FEBRUARY 18, 2025

HousingWire s Reverse Mortgage Daily (RMD) had a chance to meet up with Medina Cicak, Heartland Bank s chief commercial officer in Australia , and Keira Billot, the New Zealand -based general manager of retail and reverse mortgages. Why make the trip?

Contracts 245

Contracts Advertising Real Estate Agent Mortgage 245

Housing Wire

SEPTEMBER 11, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The MBA’s survey showed that the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) decreased to 6.29% last week, down 14 basis points (bps) from the previous week.

Retail 476

Retail Contracts Mortgage Tools 476

Housing Wire

FEBRUARY 7, 2024

The new Selling Guide also updates various definitions related to retail mortgage origination, “to remove the references to joint ventures and voting shares,” the update stated. Additional servicing guidance will be published in a new update that is expected on Feb.

Retail 476

Retail Project Management Insurance Landlords 476

Housing Wire

MAY 18, 2022

According to the MBA, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49% this week, down from 5.53% in the previous week. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications. from 10.5% a week earlier.

Mortgage 418

Mortgage Contracts Retail Marketing 418

Housing Wire

FEBRUARY 26, 2025

These are some of the elements that Medina Cicak, chief commercial officer for Heartland Bank in Australia , and Keira Billot, the bank’s New Zealand -based general manager of retail and reverse mortgages, discussed in an interview with HousingWire s Reverse Mortgage Daily (RMD). appears encouraging.

Mortgage 304

Mortgage Government Development Business 304

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. Licensed in 23 states across the country, PrimeLending has 150 branches including satellite and primary retail locations. Companies may be struggling in one way or another.

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

NOVEMBER 1, 2024

Commercial real estate agent: Commercial real estate agents specialize in transactions involving commercial properties, such as office buildings, retail stores, and industrial warehouses. This course covers real estate law, contracts, finance and ethics. your state’s real estate license exam.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

AUGUST 7, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The MBA’s survey showed the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) decreased to 6.55% during the week ending Aug. 2 compared to the previous week.

Retail 476

Retail Contracts Mortgage Government 476

Housing Wire

MARCH 11, 2022

Lenders One did not disclose the financial terms of the contract. This is not the first deal amongst mortgage lenders and big-box retailers: Costco has a partnership with Ohio-based CrossCountry Mortgage , which in 2020 acquired First Choice Loan Services , inheriting Costco’s mortgage program. It’s not necessarily easy.

Mortgage 370

Mortgage Retail Lending Law 370

Housing Wire

JULY 25, 2024

Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4

Business 493

Business Retail Contracts Mortgage 493

Housing Wire

JULY 17, 2024

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. showed that the average contract interest rate for 30-year fixed-rate conforming loans (balances of $766,550 or less) decreased to 6.87% during the week ending July 12, compared to 7% the previous week. of all applications, up from 34.9%

Business 468

Business Mortgage Retail Contracts 468

Housing Wire

SEPTEMBER 25, 2024

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less dropped by 2 bps to 6.13%. retail residential mortgage applications through commercial banks, independent mortgage banks and thrifts. Adjustable-rate mortgages (ARMs) accounted for 5.9%

Mortgage 448

Mortgage Retail Contracts Government 448

Housing Wire

JANUARY 30, 2023

It was part of the Atlanta-based mortgage lender’s strategy for developing a retail mortgage sales division. The lawsuit includes allegations of fraud, breach of contract, negligence, intentional interference with prospective economic relations, violations of the Warn Act and defamation, among others.

Loan Officers 493

Loan Officers Retail Contracts Mortgage 493

Housing Wire

APRIL 6, 2022

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.90% from 4.80%. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications. The FHA share of total applications dropped to 9.2%

Inventory 448

Inventory Mortgage Retail Contracts 448

Housing Wire

OCTOBER 19, 2022

Depositary banks such as JPMorgan Chase , Wells Fargo and Bank of America have already experienced double-digit contraction in their production in the third quarter, which is also expected of their non-depository peers. retail residential mortgage applications. “The The survey, conducted weekly since 1990, covers 75% of all U.S.

Mortgage 418

Mortgage Contracts Retail Marketing 418

Housing Wire

MARCH 21, 2024

By contract, the country’s top 50 lenders as a whole saw volumes fall by more than 50% during the same period. He will focus on product development and building the company’s retail lending network. Bolstered by its 2022 acquisition of Homepoint ’s delegated correspondent channel, Planet originated $13.9

Lending 447

Lending Retail Contracts Construction 447

Appraisal Buzz

AUGUST 5, 2024

During the second quarter of 2024, the demand for distressed properties at auction displayed strong performance initially but showed signs of decline in June, even as the supply of available auction properties continued to contract, according to Auction.com’s latest Auction Market Dispatch report. “The

Retail 273

Retail Renovations Inventory Contracts 273

Housing Wire

NOVEMBER 23, 2022

MBA estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) fell to 6.67% from the previous week’s 6.90%. The average contract interest rate for 5/1 ARMs increased from 5.73% to 5.78% in the same period, reducing borrowers’ appetite for the product. Presented by: Teraverde.

Mortgage 418

Mortgage Contracts Retail Lending 418

Housing Wire

JUNE 8, 2022

The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,000) rose to 4.90% from 4.93%. year over year. . from 10.8% from 10.2%

Mortgage 418

Mortgage Inventory Contracts Retail 418

Housing Wire

OCTOBER 9, 2024

The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week. retail residential mortgage applications across a variety of independent mortgage banks, commercial banks and thrifts. For the week ending Oct. of all applications, while U.S.

Mortgage 458

Mortgage Government Retail Contracts 458