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Coming Up:
Brad Lawson, The Mortgage Broker, The Leader and Mentor
Get into Brad’s journey from how he got into the business, to finding his management style and finding the perfect partner to compliment his skills.
July 2022 Funded Mortgage Volume Decreased 53% From 2021
Curinos’ latest ‘Mortgage Hot Topics’ data, released on August 4, revealed that funded volume in the retail channel was down 57%.
loanDepot Dumping Brokers, Exits Wholesale
As company reports second straight quarterly loss, it announces plans to exit its wholesale business by Oct. 31, 2022.
The Money Store Appoints New Chief Operations Officer
Jeff Carter has extensive experience at top mortgage companies.
Do Sellers Still Have The Edge?
Or has the market shifted toward the buyers?
UWM's Q2 Profit Up YOY, Despite Steep Drop In Originations
Q2 net income was up 55% from last year, while originations were down nearly 50% YOY
Mortgage Credit Availability Hits Lowest Level Since 2013
Drop driven by lenders streamlining offerings; jumbo credit drops 13.4%.
Foreclosure Filings Down Monthly, But Up Annually
Attom reports 4% decrease in July, but a 143% jump from a year ago.
Increasing Number Of Homes On The Market Longer
Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.