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Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions

Housing Wire

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. We have a broad product set, competitive pricing and great technology,” said Lee Smith, EVP and president of mortgage. We’re well-capitalized and committed to mortgage, particularly the broker channel.

Lending 370
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LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market

Housing Wire

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Mortgages 448
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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Balancing supply and demand is a delicate dance between new construction and existing properties.

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Homepoint looks to match broker partners with builders

Housing Wire

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project. It’s also assessing a variety of other products to service a market that is now heavily purchase-focused.

Loans 397
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Opinion: the “side hustle” Millennials will fuel mortgage innovation

Housing Wire

Now, these younger buyers are driving financial institutions to adapt to their expectations for more streamlined user experiences , accelerating digital transformations with new technology that will move the mortgage industry into a truly digital age. . Condo markets and new construction will swell.

Mortgages 370
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Fannie Mae’s chief economist on housing market outlook

Housing Wire

While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. I would expect more. Now, that’s not a possibility.

FHA loan 476
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Opinion: The single-family rental (SFR) category is providing a critical pathway to home ownership

Housing Wire

Since 2008, major banks have pumped over $25 trillion into the global economy. Baby boomers, who as a group are healthier and better educated than their parents, have benefited from vast improvements in healthcare and technology that have made aging in place much easier. In the last year alone, U.S. home prices have risen 20%.