Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

Loans 343

Loans Mortgages Equity Construction 343

Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

FHA loan 367

FHA loan VA loan Mortgages Loans 367

Housing Wire

OCTOBER 17, 2024

LenderLogix , a provider of mortgage point-of-sale and automation software for lenders, said that borrowers generated 49,392 preapproval letters through its QuickQual preapproval program in third-quarter 2024, a 15% decrease from the second quarter. The average number of preapproved borrowers per loan officer decreased slightly to 28.5

Loan Officer 468

Loan Officer Loans Sales Mortgages 468

Housing Wire

DECEMBER 17, 2024

MBA estimates from the builder application survey show that sales of new single-family homes were running at a seasonally adjusted annual rate of 713,000 units in November 2024. Additionally, the 713,000 unit seasonally adjusted annual pace of new home sales was the third strongest month of 2024. from the 56,000 sales in October.

FHA loan 397

FHA loan VA loan Mortgages Loans 397

Housing Wire

OCTOBER 15, 2024

It also must provide $7 million for a home loan subsidy program in majority-Black neighborhoods, and it must pay at least $1 million to serve the neighborhoods it redlined , according to the terms of the agreement released on Tuesday. billion in home loan production. million civil penalty. The company ranked No. This compared to 12.2%

Lending 468

Lending Loan Officer Loans Mortgages 468

Housing Wire

OCTOBER 25, 2024

A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase. The for-sale market, on the other hand, is offering opportunities for buyers heading into the fall, with more than 1 in 4 sellers cutting prices. In some of the U.S.’s The typical rent is 3.4%

Pre-approval 476

Pre-approval Loans Mortgages Equity 476

Housing Wire

DECEMBER 11, 2024

This rule amends the requirements for the sale of eligible single family mortgage loans insured by the [FHA] that have been assigned to the secretary of the U.S. Loan buyers must offer loss-mitigation options that are as or more generous than FHA loss mitigation options when buying loans through the program, according to the rule.

Loans 397

Loans Sales Technology Inspection 397

Housing Wire

NOVEMBER 22, 2024

The report — which included a survey of 700 home flippers — showed a decrease in the sentiment index as 17% of home flippers reported “poor sales relative to seasonal norms” from July through September. The average interest rate for a fix-and-flip loan also rose in Q3 2024 to 10%, according to Kiavi.

Investor 434

Investor Mortgages Renovation Loans 434

Housing Wire

OCTOBER 24, 2024

But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

FEBRUARY 14, 2025

Fannie Mae acquired approximately 778,000 single-family purchase loans totaling $326 billion, of which roughly half were for first-time homebuyers, as well as roughly 204,000 single-family refinances in 2024. Fannie acquired approximately $55 billion in multifamily loans last year, up 4% from 2023. in 2025 compared to 5.8%

Mortgages 354

Mortgages Loans Lending Sales 354

Housing Wire

MARCH 3, 2025

Below are some of the items that wont necessarily be on your radar when you initially explore an acquisition or sale, but may need to be dealt with on a post-closing basis. Assumed name filings The sale of Sellers name is important in many mortgage M&A transactions for continuity, transition and marketing purposes.

Purchase and sale agreement 416

Purchase and sale agreement Closing Industrial Mortgages 416

Housing Wire

MARCH 5, 2025

1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. Banosian has served as executive vice president of sales at Rate for more than a decade, leading his Boston-based team to originate more than $2 billion in 2021.

Loan Officer 435

Loan Officer Loans Technology Mortgages 435

Housing Wire

OCTOBER 9, 2024

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.

FHA loan 459

FHA loan Loans Technology Loan Officer 459

Housing Wire

MARCH 10, 2025

We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan, all in a matter of minutes.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

AUGUST 2, 2024

is acquiring Garden State Home Loans Inc. Garden State had 34 sponsored loan officers and two active branches—in Medford (New Jersey) and Maitland (Florida)—as of Friday, per the Nationwide Multistate Licensing System (NMLS). billion in 19,000 loans since its foundation. OceanFirst Bank N.A.

Banks 468

Banks Loans Loan Officer Lending 468

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. Simonsen noted that the 60,000 pending sales of single-family homes are down 3% year over year even as the 639,000 homes available for purchase are up 28%.

Mortgages 484

Mortgages Sales Finance Closing 484

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

OCTOBER 28, 2024

By examining their customer acquisition and retention strategies, they can drive, capture and convert shifts in demand into closed sales. Moreover, the older the loan, the more likely the borrower would refinance elsewhere. On average, just one out of five homeowners who opted to refinance were retained by their original lender.

Loan Officer 435

Loan Officer Pre-approval Technology Loans 435

Housing Wire

OCTOBER 11, 2024

Purchase loans (0.9%) had higher levels of risk than refinances (0.58%). CoreLogic determined that the lowest-risk applications by loan type were those from the U.S. In 2023, there was a large shift of business away from conforming purchase loans to those insured by the Federal Housing Administration (FHA). in 2024 and 1.9%

Mortgages 516

Mortgages Sales Loans Lending 516

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The sale is expected to close in the third quarter of 2024. billion; 5.7%).

Loans 468

Loans Mortgages Due diligence Banks 468

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As And even those offerings generally do not convert into actual savings for clients.”

Loans 482

Loans Loan Officer Mortgages Closing costs 482

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

Lending 448

Lending Loans Loan Officer Equity 448

Housing Wire

JANUARY 3, 2025

But it becomes a stronger presentation when you’re presenting different loan options. One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P). We maintain a very close relationship here at New American Funding.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

DECEMBER 19, 2024

The FHFA also found that 35% of all loan modifications completed in the third quarter resulted in an average reduction of more than 20% to borrowers’ monthly payments, and refinances rose by 9,214 from Q2 to total 98,785 in Q3. Forbearances also increased in Q3 to 39,669 loans as of Sept.

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Mortgages Finance 397

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 487

Sales New Construction Construction MLS 487

Housing Wire

FEBRUARY 11, 2025

The initial digital integration involved reports, pay stubs and W-2s to the more than 370 mortgage companies and 52,000 loan officers that rely on nCino to manage the loan application process. Our expanded integration with nCino reflects Argyles commitment to meeting lenders and their customers throughout the loan journey.

Loan Officer 365

Loan Officer Loans Mortgages Residential 365

Housing Wire

JANUARY 8, 2025

The seasonally adjusted purchase loan index was down 7% from one week earlier. Purchase applications declined for both conventional and government loans and dropped to the slowest weekly pace since February 2024. Department of Agriculture (USDA) loans each saw slight increases in their application shares. of total applications.

Mortgages 448

Mortgages Fixed-rate mortgage Loans Sales 448

Housing Wire

NOVEMBER 13, 2024

The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the report’s findings. The report also said that potential Black homebuyers are too often shut out of the opportunity to participate in the market.

Pre-approval 418

Pre-approval Mortgages Loans Finance 418

Housing Wire

FEBRUARY 3, 2025

It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. Material contracts There may be numerous contracts containing provisions that may trigger liability or exposure upon the sale of a business. The current environment of mergers and acquisitions (M&A) is evolving.

Due diligence 418

Due diligence Purchase and sale agreement Industrial Mortgages 418

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

FEBRUARY 11, 2025

But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli. Home sales have already taken a hit going into the latter half of February. But 31% foresaw “little to no impact” on their ability to buy.

Mortgages 367

Mortgages Renovation Technology Sales 367

Housing Wire

JULY 17, 2024

These sales have been tested by HUD since 2002, but HUD said that the proposed rule will improve community stability and expand the availability of affordable homes for families as the market faces a supply challenge.

Sales 464

Sales Mortgages Loans Development 464

Housing Wire

JANUARY 10, 2025

“Assistance options may include postponement of monthly payments, repayment plans, or loan modifications. One area originator, Tom ODonoghue of Reverse Loans Now , spoke to RMD to offer his assessment of the situation. Forbearance assistance typically lasts three to six months, but can be extended.”

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

JULY 30, 2024

The Chicago -based mortgage lender announced Tuesday that it’s bringing on Daniel Manginelli to lead its sales coaching program, which is designed to help mortgage professionals implement best practices and improve performance. He’s worked in sales and managerial roles, and has authored two books, during his more than 35-year career.

Sales 448

Sales Mortgages Loans Finance 448

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. That’s 2.4

Loans 459

Loans Industrial Lending Technology 459

Housing Wire

MAY 23, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, according to the Mortgage Bankers Association ’s (MBA) newest quarterly performance report.

Loans 476

Loans Mortgages Banks Industrial 476

Housing Wire

AUGUST 21, 2024

Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ million home sales in 2024 (down from 4.81 million sales in 2025 (down from 5.26

Sales 476

Sales Mortgages Land Construction 476