Housing Wire

MARCH 9, 2024

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. We haven’t broken either yet.

Mortgage 439

Mortgage Inventory New Listings Housing Market 439

Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association. The trade group’s monthly Mortgage Credit Availability Index picked up by 0.3% The conforming index dropped to its lowest level since 2011.

Mortgage 348

Mortgage Government Lending Marketing 348

Housing Wire

NOVEMBER 10, 2023

metropolitan areas since 2011. Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. mortgaged home sales, up from 14% a year earlier but down from 16.3%

Mortgage 413

Mortgage Buyers Insurance Government 413

Housing Wire

SEPTEMBER 23, 2022

Texas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company (AMSC). The acquisition will strengthen Thrive’s retail channel and bring with it new territories amidst arguably the most challenging mortgage market since the early 1980s. .

Mortgage 369

Mortgage Retail Loan Officers Technology 369

Housing Wire

MAY 1, 2024

Longtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage Bankers Association (TMBA). Norman is currently serving his fifth consecutive term as co-chair of the National Reverse Mortgage Lenders Association (NRMLA).

Mortgage 345

Mortgage Finance Loan Officers Retail 345

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Currently, we are in a much different housing recession than what we had from 2005-2011. In the past, builders benefitted when mortgage rates fell toward 4% and below.

Mortgage 529

Mortgage Construction Inventory Buyers 529

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. The most important data line for me, along with mortgage rates , is jobless claims data because I value labor data over inflation. That hasn’t happened.

Mortgage 445

Mortgage Inventory New Listings Housing Market 445

Housing Wire

SEPTEMBER 6, 2023

The Consumer Financial Protection Bureau (CFPB) last week made a quiet change to its guidance related to the Real Estate Settlement and Procedures Act (RESPA), affirming that mortgage originators who partner with U.S. This list is provided for ease of reference.

Mortgage 348

Mortgage Contracts Real Estate Development 348

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. Since 2011, roughly half of all borrowers chose only one reason, while the other half selected multiple reasons.

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Home Value Development Property Appraisal Mortgage 339

Housing Wire

MAY 22, 2023

Residential mortgage industry analysts and executives continue to see challenges ahead. For starters, the banking crisis is still unfolding, impacting the mortgage-backed securities (MBS) space, reducing jumbo loan offerings, and putting pressure on commercial real estate companies. Even if the U.S. Even if the U.S.

Mortgage 362

Mortgage Real Estate Marketing Government 362

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates. What to expect with the Fed ?

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. Messer has been with Prosperity since January 2011, working as SVP of capital markets and corporate strategy before a promotion to COO in 2019.

Mortgage 349

Mortgage Lending Finance Marketing 349

Housing Wire

MAY 22, 2023

Residential mortgage industry analysts and executives continue to see choppy waters ahead. The banking crisis is still unfolding, impacting the mortgage-backed securities (MBS) space, reducing jumbo loan offerings, and putting pressure on commercial real estate companies. And then, on top of that, what’s different from 2011?

Mortgage 306

Mortgage Real Estate Marketing Government 306

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

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. HousingWire recently spoke with John G.

Mortgage 380

Mortgage Loan Officers Business Marketing 380

Housing Wire

SEPTEMBER 11, 2020

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% to the lowest in the data series that goes back to 2011, the report said.

Mortgage 545

Mortgage Government Contracts Lending 545

Appraisal Buzz

FEBRUARY 28, 2022

Kevin Laffey has been promoted to senior vice president, sales and business development, at Inlanta Mortgage , an independent mortgage lender with 39 branch offices in 27 states. Laffey has over 30 years of experience in the mortgage business. Previously, Laffey was regional production manager.

Development 221

Development Business Mortgage Appraisal 221

Housing Wire

MARCH 15, 2024

This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan. trillion in Q4, which could have been driven by an increase in senior-held mortgage debt to $19.8 The RMMI fell to 449.02

Home Value 385

Home Value Finance Mortgage Marketing 385

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days.

Mortgage 393

Mortgage Sellers Buyers New Listings 393

Housing Wire

JULY 29, 2021

In a comprehensive study of mortgage market liquidity, Liquidity Crises in the Mortgage Market , several well-known academics provided compelling evidence for “liquidity vulnerabilities associated with nonbanks.” These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. NonBank Risk Multipliers Compared to Depositories.

Sellers 413

Sellers Mortgage Business Lending 413

Housing Wire

JANUARY 17, 2024

David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died. He left government service and became president of the Mortgage Bankers Association.

Finance 454

Finance Loan Officers Real Estate Development 454

Housing Wire

JANUARY 22, 2024

Older Americans also have historic levels of home equity, according to recent tabulations from the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The two organizations produce the quarterly Reverse Mortgage Market Index (RMMI) report. billion in Q3 to a record of $13.08

Housing Market 310

Housing Market Marketing Construction Insurance 310

Appraisal Buzz

FEBRUARY 17, 2022

Fannie Mae ’s 2021 Servicer Total Achievement and Rewards (STAR) Program has recognized 29 mortgage servicers for competency, capacity and overall performance. Since 2011, Fannie Mae’s STAR Program has acknowledged mortgage servicers for their effective, standardized processes that help drive their performance and operational success.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

SEPTEMBER 5, 2023

The Mortgage Bankers Association (MBA) on Tuesday announced the appointment of lobbyist George Rogers to serve as its new VP of legislative affairs. House of Representatives from 2011-2015 and as House Minority Leader from 2007-2011. He will assist the trade group with policy advocacy.

Law 325

Law Government Clients Development 325

Housing Wire

DECEMBER 17, 2021

Special purpose acquisition companies’ appetite for real estate and mortgage businesses apparently isn’t dead yet , despite recent problems involving Better.com that pushed a merger with Aurora Acquisitions Corp. trillion and mortgage originations to $3.8 to next year, if at all. trillion in 2020 in the United States.

Real Estate 414

Real Estate Mortgage Insurance Business 414

Housing Wire

MARCH 3, 2022

Ohio-based lender Union Home Mortgage made changes to its leadership group, promoting three executives to vice president positions as the company seeks to boost its growth. According to Inside Mortgage Finance, the company is the 49th-largest mortgage lender in the country. UHM’s origination volume increased 25.8%

Retail 289

Retail Mortgage Development Business 289

Housing Wire

DECEMBER 30, 2023

Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. This didn’t happen once in 2023 — even with rising mortgage rates. From 2008-2011, new listings data averaged between 250,000 and 400,000 , peaking near 400,000 in 2011.

Inventory 488

Inventory New Listings Housing Market Mortgage 488

Housing Wire

APRIL 16, 2021

Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows. in 2021, 3.6% in 2022 and 4.1% in 2021, 4.5% in 2021, 4.5%

Mortgage 318

Mortgage Marketing Housing Market 318

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011. The post Interfirst Mortgage raises $175 million appeared first on HousingWire. The originations went from $14.1

Mortgage 282

Mortgage Investors Investing Technology 282

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively.

Mortgage 353

Mortgage Loan Officers Retail Technology 353

Housing Wire

AUGUST 2, 2021

The Senate is banking on extending mortgage fees that Fannie Mae and Freddie Mac indirectly charge to consumers to help pay for traditional infrastructure. Congress tacked on an additional 10 basis points in g-fees in 2011 to pay for a three-month payroll tax cut. That increase would have expired this year in September.

Mortgage 423

Mortgage Modernization Government Realtors 423

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

Real Estate 443

Real Estate Real Estate Agent Mortgage Agents 443

Housing Wire

OCTOBER 10, 2022

Despite continued home price appreciation and a volatile mortgage rate environment that has resulted in the least affordable housing market in decades, there remains a minority of consumers who still feel that now is a good time to buy a home. In addition, the share who think mortgage rates will stay the same dropped from 25% to 20%.

Housing Market 389

Housing Market Marketing Real Estate Agent Real Estate 389

Housing Wire

JUNE 24, 2022

million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). By improperly originating ineligible mortgages, lenders take advantage of the limited resources of the FHA program and unfairly pass the risk of loss onto the public.”

Insurance 310

Insurance Mortgage Government Lending 310

Housing Wire

FEBRUARY 5, 2024

In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. Even as mortgage rates have declined since November and home price growth has eased, 77% of builders now think that buyers might postpone their home purchase decision while waiting for better conditions. In 2024, 52% expect it to remain an obstacle.

Construction 380

Construction Housing Market Buyers Sellers 380

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 481

Mortgage Government Retail Lending 481

Housing Wire

MARCH 17, 2023

The violations of law were directly related to mortgage loans originated by the company, which were “rife with fraud” and used to “pad its bottom line” in a manner that deceived and defrauded investors, according to Assistant Attorney General Kenneth A.

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Loan Officers Law Investors Mortgage 320