Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan. Presented by: Citi.

Fixed-rate mortgage 528

Fixed-rate mortgage Mortgages Loan Officer Loans 528

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 446

Lending Mortgages Equity Loan Officer 446

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion. “So

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA did $6.29

Mortgages 468

Mortgages Brokerage Loan Officer Lending 468

Housing Wire

NOVEMBER 2, 2023

Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits.

Banks 448

Banks Mortgages Loan Officer Loans 448

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. million in mortgages last year, mainly for building and construction. The financials of the deal were not disclosed.

Mortgages 458

Mortgages Loan Officer Banks Equity 458

Housing Wire

FEBRUARY 21, 2024

Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp.

Mortgages 435

Mortgages Loan Officer Lending Loans 435

Housing Wire

OCTOBER 11, 2023

Leading property data and analytics company CoreLogic ’s newly launched digital mortgage platform (DMP) aims to streamline the mortgage process and improve efficiency for lenders. CoreLogic acquired digital mortgage tech provider Roostify in February. It then tailors that data to the home-buying process.

Mortgages 446

Mortgages Loan Officer Banks Lending 446

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns.

Industrial 435

Industrial Mortgages Loan Officer Banks 435

Housing Wire

APRIL 8, 2022

Mortgage Coach and ReverseVision introduced an online program that allows loan originators to give consumers a comparison of how reverse mortgages perform against traditional mortgages over the lifetime of the loan. Reverse TCA is a simple link people can click from their smartphone.

Mortgages 397

Mortgages Loan Officer Equity Loans 397

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients.

Mortgages 435

Mortgages Loan Officer Lending Equity 435

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. In September, Redwood launched its in-house home equity investment (HEI) origination platform called Aspire. During a phone interview with HousingWire on Oct.

Equity 448

Equity Investor Loan Officer Finance 448

Housing Wire

SEPTEMBER 25, 2024

Applicants hoping to get a mortgage job in 2024. After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.) Image created by AI in Midjourney.)

Industrial 459

Industrial Mortgages Loan Officer Loans 459

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

OCTOBER 31, 2024

Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. The analysis includes first-lien mortgage originations. Before that, he spent six years at Quicken Loans.

Lending 489

Lending Mortgages Loan Officer Principal 489

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

Mortgages 493

Mortgages Lending Banks Residential 493

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

JANUARY 13, 2025

Fairway Independent Mortgage Corporation , a large mortgage lender and a top 10 lender in the reverse mortgage industry , will aim to expand its focus on its reverse mortgage arm in 2025 owing to the efforts of David Lazowski, the companys new president of national recruiting and growth.

Mortgages 362

Mortgages Loan Officer Lending Loans 362

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. Mortgage applications decreased 13.2% That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy.

Mortgages 529

Mortgages Fixed-rate mortgage Loans Equity 529

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 369

Mortgages Loan Officer Equity Lending 369

Housing Wire

MAY 24, 2024

Just about a year ago, Chicago-based multichannel mortgage lender Guaranteed Rate announced its plans to expand its reverse mortgage division — including around the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) product. For some forward loan officers, this is a brand-new opportunity,” Pohlmann said.

Loan Officer 437

Loan Officer Mortgages Loans Sales 437

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics.

Mortgages 445

Mortgages Loan Officer FHA loan Equity 445

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 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. The purchase price “represents a $72.5 Presented by: 1000watt.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

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 514

Mortgages FHA loan Loans Loan Officer 514

Housing Wire

JUNE 13, 2024

According to the most recent Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), Annapolis, Maryland-based South River Mortgage is the ninth-largest reverse mortgage lender in the country with 496 endorsements in the 12-month period ending May 31.

Mortgages 468

Mortgages Loan Officer Loans Equity 468

Housing Wire

NOVEMBER 13, 2024

Founder and CEO Vishal Garg made a eye-popping statement when he opined that “in the next 10 years, 99% of the (mortgage) tasks will be completed by bots and 1% by humans.” “The bulk of the tasks that are required to process a mortgage are going to be performed by AI bots over the next 10 years,” Garg said in an interview with HousingWire.

Mortgages 368

Mortgages Loan Officer Loans Technology 368

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

AUGUST 26, 2024

Proptech HomeLight has raised $20 million to expand the offering of its Buy Before You Sell product to mortgage lenders and real estate agents across 40 new states, the company announced on Monday. In 2019, HomeLight acquired Eave , a digital mortgage lending startup. According to Crunchbase estimates, HomeLight has raised $762.5

Equity 477

Equity Loan Officer Lending Investor 477

Housing Wire

NOVEMBER 16, 2020

If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. But mortgage insurance? What mortgage insurance does. Mortgage insurance, on the other hand, protects the lender — not you or your property. Types of mortgage insurance.

FHA loan 468

FHA loan Mortgages Loan Officer Loans 468

Housing Wire

SEPTEMBER 11, 2024

CMG Home Loans , the retail lending division of CMG Financial , recently made a key hire in its reverse mortgage division by adding industry veteran Kari Van Kleef as its operations manager. Since then, with the exception of one or two months, we’ve funded a few more loans every month,” he said.

Mortgages 447

Mortgages Loan Officer Lending Loans 447

Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

Closing 476

Closing Mortgages VA loan FHA loan 476

Housing Wire

JANUARY 7, 2025

The reverse mortgage industry has long sought to streamline and maximize its ongoing efforts to connect with prospective borrowers. After a challenging year for the mortgage industry broadly and the reverse mortgage business specifically, companies are aiming to assess the best ways to accomplish these ongoing goals.

Mortgages 368

Mortgages Loan Officer Industrial Loans 368

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Are you currently thinking about buying a home or refinancing your existing mortgage?

Mortgages 459

Mortgages VA loan Loans Loan Officer 459

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage.

Mortgages 397

Mortgages Loan Officer Loans Equity 397

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Industrial 459

Industrial Mortgages Loan Officer Loans 459