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Barry Habib

Mortgage News Network, a New Concept in Financial Media, Set for Launch

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NMP Media Corporation, the parent company of National Mortgage Professional Magazine, is proud to announce the opening of a new chapter in financial services media: Mortgage News Network, an online-exclusive video resource offering original programming for professionals in the residential mortgagClick to continue

Velocify Publishes e-Book to Increase Originator Sales

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Velocify has published a free e-book for the mortgage industry designed to help originators increase sales. The Mortgage Purchase Playbook: 7 Winning Plays from Mortgage Industry Experts includes several key sales strategies presented at last month’s Virtual Mortgage Sales Summit and is available at no cost on Velocify’s Web site.Click to continue

Shaping Your Business in 2013

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The year 2013 could bring changes within the interest rate environment. While it is highly likely that interest rates will remain relatively low, even a small but sustained rise in rates could affect origination levels. Recent surveys indicate that a 50-basis point rise in rates, if sustained, could reduce production by about 30 percent. The Fed has indicated that it will keep rates low until 2015, yet there are many contributing factors that could cause some bumps in the road for mortgage interest rates.Click to continue

Habib: Hurricane Sandy Aftermath to Stunt Growth of Housing Market

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Hurricane Sandy may slow the recovery of the U.S. housing market, predicts Barry Habib, chief market strategist at Residential Finance Corporation (RFC), a nationwide mortgage lender. “The housing market is still fragile, and Sandy is likely to have weakened it," said Habib. "Homebuyers and homeowners should be aware of how this storm will affect them, not just in damage and flooding to properties, but in unexpected after-shocks, too."Click to continue

RFC's Habib: Positive Housing Sector Numbers Create Opportunities for Homebuyers

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The existing home sales report released last week confirms that the housing market is showing substantial recovery as home prices continue to rise, while inventory levels continue to decline, according to mortgage industry expert Barry Habib, vice president and chief market strategist at Residential Finance Corporation (RFC). New home sales, as well as the number of building permits, are both up sharply, reflecting positive news in the housing sector and creating an opportunity for homebuyers today.Click to continue

RFC's Barry Habib: Jobs Added Unlikely to Impact Fed's Purchase of MBS

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According to the Residential Finance Corporation's (RFC's) Mortgage Market Review—which tracks leading economic indicators and offers an outlook on their expected effect on the mortgage market and housing sector—the significant decrease in the jobless rate and increase in the number of jobs created in September will likely cause a slight, short-term uptick in mortgage interest rates.Click to continue

The New Age of Mortgage Branching: What Originators Need to Know

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The most recent financial industry shifts and regulatory requirements have made it necessary for mortgage originators to ensure they are aligned with the right company for their career goals. An in-depth review of the various branching models combined with a self-analysis of what’s important is required to determine the best company for each originator. Whether it is remaining independent, being aligned with a megabank or a retail branching operation, there are advantages and disadvantages to each model. Click to continue

RFC Adds Barry Habib to Lead Marketing Initiatives

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Barry Habib has returned to the mortgage industry as the new chief market strategist for Residential Finance Corporation (RFC). Habib, an entrepreneur who created the Mortgage Market Guide, will provide his industry knowledge and forecasting abilities to RFC’s retail branching division.Click to continue