Day: August 1, 2024

Notable mortgage industry additions and promotions, July 29-Aug. 2

Rate has announced the addition of Daniel Manginelli to lead its newly launched nationwide executive sales coaching program, Success Coaching Solutions. Manginelli, who has been in the financial business since 1986, is the founder and owner of the Manginelli Group, as well as the author of multiple sales coaching and motivational books. His background also […]

Featured Top Originator: Dustin Rosenberg, Convoy Home Loans

Scotsman Guide's featured Top Originator Dustin Rosenberg

Dustin Rosenberg had a plan, and he stuck to it. He and business partner Jonathan Yoo were both working for a lending company in San Diego when they saw potential for growth in one particular segment of the mortgage market. That led them to co-found Convoy Home Loans some three and a half years ago […]

Investor home purchases remain above pre-pandemic levels

The trend of investors buying single-family homes has become more prominent since the onset of the COVID-19 pandemic and has also garnered a lot of debate. The share of investor purchases of single-family homes averaged about 17% in 2019, according to a recent CoreLogic report. The share jumped during the pandemic and has averaged 28% […]

Lenders turn to outside data on short-term rentals

short term rental

It’s no secret that short-term rentals — those vacation homes around the world booked through companies such as Airbnb and Vrbo — have grown in popularity over the past decade. One way to measure this growth is in available listing nights. In January 2018, 253 million listing nights were available in the U.S., according to […]

‘Extend and pretend’ remains the playbook for troubled lenders

Model of a Bank building with nails hammered into it from all sides

A growing throng of banking and commercial real estate experts are sounding the alarm about the nation’s small and medium-sized banks, which may be on the cusp of another crisis. John Murray, Pacific Investment Management Company’s head of global private commercial real estate, told Bloomberg in June that he expected more regional bank failures in […]