Housing Wire

SEPTEMBER 18, 2024

If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. Earlier this year, I found myself scrolling through social media, and every post seemed to be loan officers living the high life, with what seemed like endless closings, all while hosting event after event.

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Housing Wire

DECEMBER 27, 2024

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. Rates re-emerged as a challenge and continue to be as the year winds down to a close. I think that’s true from an industry standpoint.

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Housing Wire

FEBRUARY 18, 2025

Rocket Mortgage on Tuesday unveiled RocketRentRewards, which the company says is the homeownership industrys first offer to provide closing cost credits for renters. With the national average rent at $1,800, that translates to $2,160 applied toward a clients closing costs.

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Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. By 2022, the numbers were close to 85,000 to 87,000 sessions, but recent challenges have affected those numbers.

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Housing Wire

SEPTEMBER 25, 2024

However, the industry is approaching this cycle with caution. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. The number of loans closed per production employee rose to 2.2 in Q2 2023.

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Housing Wire

JULY 22, 2024

Since starting his career in the real estate industry more than five decades ago, Dave Liniger , the co-founder of RE/MAX , has seen and experienced quite a bit of change and innovation. If you look at the last 50 years of the real estate industry, the rules around residential transactions have become very complex.

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Housing Wire

JANUARY 10, 2025

Industry responses to the disaster In its weekly email update to members, the National Reverse Mortgage Lenders Association (NRMLA) advised its members to urge borrowers to immediately contact their servicers. 7, and that the earliest they can close is 14 days after the declaration is made, he said.

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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.

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Housing Wire

SEPTEMBER 3, 2024

and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. Following that point, Dwiggins brings up potential agent attrition in the industry. The trio discuss the major companies that are thriving in the post-Aug.

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Housing Wire

OCTOBER 16, 2024

Prospective borrowers are required to attend a HECM counseling session with a HUD-certified counselor prior to closing their reverse mortgage. By serving on this committee on behalf of the reverse mortgage industry, I feel that I will be able to bring forward what issues our seniors face daily.”

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Housing Wire

SEPTEMBER 20, 2024

Typically, we would close out with our business meeting, but this year we’re embedding it into the first afternoon. Clow: Is there anything I haven’t asked you about that you think our industry audience should keep in mind? Clow: NRMLA also conducts a business meeting for its own affairs during the event.

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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? Loan officers are often rewarded for their independent drive, ability to close deals, and focus onindividual success.

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Housing Wire

SEPTEMBER 11, 2024

In an email to partners on Tuesday, ICE said that it will be closing down the Encompass SDK (Software Development Kit) on the same day it sunsets the program’s Technology Partner Network, Total Quality Loan Services, PSDK and ePass. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming.

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Housing Wire

OCTOBER 31, 2024

With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes. In addition to education, industry mitigation efforts are working.

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Housing Wire

FEBRUARY 6, 2025

Younger service members struggle during the homebuying process, particularly around paying closing costs. If anyone deserves to achieve the dream of homeownership, its our nations veterans. Research shows that younger service members are unlikely to achieve ownership. In 1944, the U.S.

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Housing Wire

JULY 12, 2024

CAR President Melanie Barker told association members in a statement that they needed to pay particularly close attention to one change — the removal of a listing broker’s offer of compensation, the thorny issue at the center of the nationwide lawsuit against NAR. Their whole intent seems to be to bully the industry.

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Housing Wire

OCTOBER 22, 2024

Artificial intelligence (AI) has become a hot topic across every facet of life, including the real estate and title industries. Marketing Marketing is essential for building awareness and staying competitive in the title industry, yet many professionals struggle to find the time. Feeling overwhelmed by all the AI talk?

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Housing Wire

OCTOBER 29, 2024

So, when many in the real estate industry correctly anticipated changes to the agent commission structure — which were solidified by the National Association of Realtors’ (NAR) settlement following the jury verdict in the Sitzer/Burnett lawsuit nearly a year ago — there was quite a bit of fear about how first-time buyers would be impacted.

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Housing Wire

JANUARY 24, 2025

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. And about 10% of the total share of complaints were related to issues with loan closings.

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Housing Wire

OCTOBER 18, 2024

Furthermore, after a few years of economic upheaval in the mortgage industry, Jacobson says that creating a culture of freedom and inclusivity is more important than ever for Fairway’s continued success. He explains that speed and customer service rule every aspect of business, including the mortgage industry.

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Housing Wire

JULY 2, 2024

While many had hoped the Department of Justice’s interest in the real estate industry would wane with the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement , that is clearly not the case. They’ve got the real estate industry on the ropes.

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Housing Wire

OCTOBER 7, 2024

In the modern mortgage landscape, quality control (QC) stands as a critical pillar supporting the industry’s integrity and stability. The holistic approach: A paradigm shift in quality control The traditional view of QC as a post-closing audit function is rapidly becoming obsolete.

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Housing Wire

OCTOBER 7, 2024

The entities will seek to find potential solutions for closing the racial homeownership gap. The new initiative comes in the form of a group called the “CONVERGENCE Collaborative,” which is a “coordinated effort to identify and develop solutions to help close the racial homeownership gap,” according to an announcement published by MBA. “The

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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. We’re also looking at identifying ways to jumpstart competition in certain closing cost categories, which can also help spur more activity.

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Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.

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Housing Wire

OCTOBER 23, 2024

Neil Pierson: Given that other major lenders like Rocket and UWM have recently launched AI-based business initiatives, does it feel like this is only the tip of the iceberg for some major industry shifts in speed and costs? Do you closely analyze your competitors on major projects like this and, if so, what have you learned in this instance?

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Housing Wire

OCTOBER 8, 2024

The duo explore strategic negotiation skills in the modern real estate market and best practices for agents in adapting to the new rules mandated by the industry-changing settlement from the National Association of Realtors (NAR). To close the conversation, De Grote speaks to the versatility of the industry.

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Housing Wire

OCTOBER 1, 2024

With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in the first quarter (Q1) of this year.

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Housing Wire

OCTOBER 18, 2024

The mortgage industry today demands speed, accuracy, and satisfied customers. They’ve built a digital platform that brings together loan origination , closing, servicing, and data analysis into an all-in-one mortgage solution. Increased efficiency : Automation is key, helping lenders close loans faster and work smarter.

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Housing Wire

JULY 29, 2024

The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing. billion per company in 2023, compared with $2.1

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Housing Wire

JULY 12, 2024

The latest 2023 Home Mortgage Disclosure Act (HMDA) data is in, and it confirms a few key trend lines for the mortgage industry: there was significantly less interest in mortgage loans in 2023, and fewer banks thought it worth participating in the market. million were closed-end (e.g., This is a 14.6% Among them, 7.7

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Housing Wire

DECEMBER 19, 2024

The housing industry is getting an early Christmas gift. million sales in 2025, a number that is close to the current rate of 4.15 The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1%

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Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

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Housing Wire

OCTOBER 16, 2024

So, we began exploring a new securities program — what we and the industry have been calling ‘HMBS 2.0.’ we’ve consulted closely with issuers and industry experts to identify the needs of the market and get their input.” Sam Valverde Industry reaction following the release of the term sheet has been largely positive.

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Housing Wire

JANUARY 6, 2025

She will work closely with Wright to engage with brokerage leaders and better understand their needs, concerns and perspectives on the future of the real estate industry. I am honored to work alongside Nykia and the leadership team at NAR during such an important time for our industry, Chris said in a statement.

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Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers.

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