Housing Wire

OCTOBER 27, 2024

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. This raises a critical question: Is technology failing the mortgage industry, or are we approaching it incorrectly? The human touch remains critical in mortgage lending.

Technology 345

Technology Industrial Mortgages Development 345

Housing Wire

SEPTEMBER 20, 2024

The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. The event is typically the largest, most expansive meeting for a wide variety of reverse mortgage professionals. 24-26 in San Diego.

Industrial 359

Industrial Mortgages Loan Officer Lending 359

Housing Wire

SEPTEMBER 20, 2024

Kevin Wilzbach : Without question, the growth in the use of AI and particularly GenAI has been transformational for the banking industry. Kevin Wilzbach: While the industry awaits relief in the form of interest rate reductions, there’s no quick fix to the associated high costs of housing in the near term.

Lending 352

Lending Industrial Mortgages Technology 352

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based). ” he said.

Industrial 371

Industrial Mortgages Technology Development 371

Housing Wire

JULY 30, 2024

San Diego-based Smartfi Home Loans , which primarily is active as a wholesale lender in the reverse mortgage space, will launch a retail division that offers reverse mortgage products and has hired industry veteran Paul Fiore as its president of retail sales. “I

Industrial 412

Industrial Loan Officer Loans Lending 412

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.

Mortgages 361

Mortgages Lending Loan Officer Loans 361

Housing Wire

OCTOBER 18, 2024

In this week’s episode of the Power House podcast , HousingWire President Diego Sanchez speaks with Steve Jacobson, CEO of Fairway Independent Mortgage Corp. The duo also discusses Fairway’s status as a top 15 mortgage lender even after its decision to leave the wholesale channel. As consumers, we expect instant everything.

As-is 332

As-is Loan Officer Loans Mortgages 332

Housing Wire

SEPTEMBER 19, 2024

The Federal Reserve cut rates on Wednesday and mortgage rates went up! The 10-year yield and 30-year mortgage rates have been in a slow dance since 1971 and trended together. The growth of housing permits is a good sign for economic expansion, and falling mortgage rates since June have helped push this data line. What happened?

Mortgages 530

Mortgages Marketing As-is Industrial 530

Housing Wire

SEPTEMBER 11, 2024

On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. That means some borrowers are getting mortgage rate quotes under 6% today, so the rate environment has improved greatly from the highs around 7.50% this year. The mortgage spreads are improving in 2024.

Mortgages 509

Mortgages Loans Sales Marketing 509

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgages 455

Mortgages Fixed-rate mortgage Banks Residential 455

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The significant cost savings of working with an independent mortgage broker has also become more widely known. So, what exactly does this mean for the industry? in Q4 2023, the highest number we’ve seen since 2009.

Industrial 426

Industrial Loan Officer Marketing Loans 426

Housing Wire

JANUARY 9, 2024

One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. This is where a reverse mortgage could become a viable option for certain retirees, he explained. “[A population grows older in the coming years.

Mortgages 489

Mortgages Equity Finance Industrial 489

Housing Wire

AUGUST 2, 2024

Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry. Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry.

Mortgages 470

Mortgages Marketing Construction Residential 470

Housing Wire

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.

Mortgages 441

Mortgages Technology Staging Industrial 441

Housing Wire

MAY 7, 2024

Many in the industry believe these changes will cause industrywide agent attrition, which could clearly put a damper on Real’s impressive agent count growth. As the brokerage firm looks ahead, in addition to its Private Label and Pro Teams programs, executives were also optimistic about the future of Real’s title and mortgage businesses.

Industrial 433

Industrial Agents Brokerage Title 433

Housing Wire

SEPTEMBER 19, 2024

Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident.

Mortgages 427

Mortgages Lending Finance Industrial 427

Housing Wire

AUGUST 30, 2024

The title insurance industry is vigorously battling these challenges as it protects Americans’ largest asset, their homes. The title industry is committed to combating all types of financial crimes, including seller impersonation fraud, wire fraud, elder fraud, and money laundering.

Title 362

Title Industrial Land Residential 362

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles.

Mortgages 508

Mortgages FHA loan Loans Loan Officer 508

Housing Wire

SEPTEMBER 27, 2024

The National Reverse Mortgage Lenders Association (NRMLA) concluded the 2024 edition of its Annual Meeting and Expo on Thursday afternoon. But others, including longtime industry veterans, also said they detected an energy at the event. It’s always really great to connect with others in the industry,” she said.

Industrial 350

Industrial Mortgages Loans Title 350

Housing Wire

OCTOBER 16, 2024

About a week after the Federal Reserve lowered benchmark interest rates for the first time since the start of the COVID-19 pandemic, mortgage rates reached their low point for 2024. consumers or the housing industry. According to HousingWire’s Mortgage Rates Center, the average 30-year conforming rate bottomed out at 6.24% on Sept.

Mortgages 449

Mortgages Loans Industrial As-is 449

Housing Wire

OCTOBER 5, 2024

18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. This explains the rise in mortgage rates since the Fed cut rates.

Mortgages 464

Mortgages As-is Sales Marketing 464

Housing Wire

APRIL 15, 2024

Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters. Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters.

Mortgages 440

Mortgages Equity Loans As-is 440

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. It really sent shockwaves through the industry.” Mortgage rates will moderate down to about 6% to 6.25%.”

Mortgages 492

Mortgages Equity Banks Sales 492

Housing Wire

OCTOBER 4, 2024

Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower, which it has. Retail sales, housing starts, industrial production, jobless claims and now the Jobs Friday report came in as a beat of estimates.

Mortgages 422

Mortgages Construction Residential Sales 422

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Top producers often succeed due to their independence and focus on personal goals. Heres how: 1.

Industrial 272

Industrial Loan Officer Mortgages Loans 272

Housing Wire

AUGUST 15, 2024

Why many would forego homeownership during a challenging mortgage market is easy to understand. Why many would forego homeownership during a challenging mortgage market is easy to understand. If a property owner defaults on their mortgage, the FHA will pay a claim to the lenders. by the fourth quarter of 2024.

Industrial 387

Industrial Fixed-rate mortgage Banks Loans 387

Housing Wire

OCTOBER 18, 2024

Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. .

Mortgages 461

Mortgages Marketing Lending Finance 461

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Mortgages 402

Mortgages Marketing Brokerage Finance 402

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence.

Mortgages 372

Mortgages Lending Industrial Development 372

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” But now rates are down more than 1.5% from this peak.

Mortgages 446

Mortgages Marketing Construction Sales 446

Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower.

Mortgages 385

Mortgages Equity Finance Lending 385

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgages 429

Mortgages Principal Equity Loans 429

Housing Wire

DECEMBER 9, 2024

Although no person can truly predict mortgage rates for there are several factors involved; Industry forecasts predict interest rates will hover between 5.5% Although no person can truly predict mortgage rates for there are several factors involved; Industry forecasts predict interest rates will hover between 5.5%

Mortgages 321

Mortgages FHA loan Closing costs Staging 321

Housing Wire

DECEMBER 30, 2024

While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them. I see more collaboration with different business units, for both the wider industry and within Guild, as well.

Mortgages 292

Mortgages Technology Loan Officer Industrial 292

Housing Wire

JULY 25, 2024

As the numbers of seniors carrying mortgage debt in retirement has increased, so too has the potential financial burden of a regular monthly mortgage payment. “Retirement researchers warn that mortgage debt in retirement can be a trap,” the article explained.

Mortgages 406

Mortgages Equity Finance Loans 406

Housing Wire

DECEMBER 20, 2024

At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. Getting the hang of reverse Mitchell is a 25-year veteran of the mortgage technology space, primarily working for LOS companies.

Mortgages 321

Mortgages Technology Principal Industrial 321

Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. “They can add up to several percentage points of the total mortgage amount. At least when it comes to redundancies with refinancings, that is.

Mortgages 408

Mortgages Closing costs Title Technology 408