Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

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Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. As we can see below clearly, the market worsened before the job-loss recession happened.

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Housing Market Marketing Inventory Realtors 518

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

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Inventory Housing Market Marketing New Listings 483

Housing Wire

MARCH 22, 2023

It also allows qualifying veterans to get into the housing market with no down payments, limited closing costs, and no monthly mortgage insurance costs. from 2012 to 2021. Across the country, 180 loan program originations took place between 2012 and 2021. interest rate for the life of the loan. “VA

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Mortgage Renovations Insurance Construction 368

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.

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Sellers Mortgage Business Lending 414

Housing Wire

JULY 12, 2022

Lenders continued to tighten credit standards in June as higher mortgage rates slowed refinance and purchase activity. The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Purchase mortgage rates , measured by the Freddie Mac PMMS Index , were at 5.3%

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Mortgage Government Inventory Lending 380

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. This data line lags the current housing market as it’s a few months old. Imagine if mortgage rates didn’t rise this year. million or higher.

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Housing Market Marketing Inventory Investors 449

Housing Wire

AUGUST 15, 2023

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. Our goal is for you to always be the economist of choice in your local market,” Keller said.

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Agents Marketing Real Estate Housing Market 355

Housing Wire

JUNE 9, 2023

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. When did the 10-year yield peak?

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Inventory Housing Market New Listings Mortgage 545

Housing Wire

DECEMBER 10, 2021

Mortgage credit availability dropped in November, despite improvements in the labor market, according to a report released Friday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall fell by 0.6% in November.

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Mortgage Government Inventory Investing 389

Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said.

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Mortgage Contracts Government Buyers 498

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

Mortgage 515

Mortgage Inventory New Listings Sellers 515

Housing Wire

MAY 18, 2024

However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen. Compare this level to 2008-2012 when this data line ran between 250,000 and 400,000 per week: clearly we aren’t seeing any considerable national-scale stress in this data line.

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New Listings Inventory Mortgage Contracts 420

Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008.

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Inventory Law New Listings Sellers 428

Housing Wire

JUNE 9, 2022

Mortgage credit availability dipped for three consecutive months, largely due to shrinking refinance loans, according to the monthly Mortgage Credit Availability Index , (MCAI) which fell by 0.9% to 120 in May, the lowest level since July 2021, according to the Mortgage Bankers Association. Presented by: CreditXpert.

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Mortgage Government Inventory Lending 333

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 NAR Research : Unsold inventory sits at a 1.7-month months and down from 2.0

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Housing Market Marketing Inventory Sellers 541

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

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Mortgage Loan Officers Insurance Business 336

Housing Wire

NOVEMBER 19, 2020

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. And third, mortgage rates will stay low during these five years of great demographics and long housing tenure.

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Housing Market Marketing Inventory Buyers 545

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. The monthly Mortgage Credit Availability Index fell by 0.7% last month, according to the Mortgage Bankers Association. Presented by: CreditXpert.

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Mortgage Government Inventory Lending 350

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing 358

Marketing Mortgage Investors Legal 358

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.”

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Mortgage Sellers Buyers Housing Market 371

Housing Wire

SEPTEMBER 22, 2020

Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. For regular ARMs, the cut-off date is Jan.

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Mortgage Government Investors Finance 370

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses. million in October.

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Inventory Marketing Housing Market New Listings 462

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.”

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Housing Market Marketing Mortgage Buyers 369

Appraisal Buzz

SEPTEMBER 10, 2021

Mortgage credit availability increased in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The index was benchmarked to 100 in March 2012. in August.

Mortgage 195

Mortgage Tools Lending Business 195

Appraisal Buzz

OCTOBER 12, 2021

Mortgage credit availability increased in September, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The index was benchmarked to 100 in March 2012.

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Mortgage Tools Lending Business 195

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 343

Marketing Loan Officers Business Mortgage 343

Appraisal Buzz

AUGUST 12, 2021

The Mortgage Credit Availability Index (MCAI) shows that mortgage credit availability increased in July. The report from Mortgage Bankers Association (MBA) analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The index was benchmarked to 100 in March 2012. The MCAI rose by 0.3%

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Mortgage Tools Lending Business 195

Appraisal Buzz

AUGUST 17, 2021

has incorporated Assimilate Solutions’ mortgage and IT outsourcing services into its SitusAMC brand. Founded in 2012, Assimilate has served the U.S. residential mortgage industry. The post SitusAMC Integrates Assimilate Solutions’ Residential Mortgage Solutions appeared first on Appraisal Buzz. SitusAMC Holdings Corp.

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Mortgage Development Appraisal Marketing 195

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

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Mortgage Technology Lending Modernization 300

Appraisal Buzz

JUNE 20, 2022

month over month in May, their smallest increase of any May in Redfin’s records, which go back to 2012, according to a new report from Redfin. The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Home prices rose 1.5%

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Mortgage Housing Market Appraisal Marketing 195

Housing Wire

DECEMBER 16, 2021

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

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Mortgage Loan Officers Retail Training 348

Appraisal Buzz

DECEMBER 10, 2021

Mortgage credit availability decreased in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The index was benchmarked to 100 in March 2012.

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Mortgage Tools Lending Business 195

Housing Wire

JUNE 3, 2021

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks saw an average net profit of $3,361 on each loan they originated in the first quarter of 2021, down from a reported gain of $3,738 per loan in the fourth quarter of 2020, according to a new report from the Mortgage Bankers Association.

Mortgage 441

Mortgage Valuation Marketing 441

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. After failing from 2012-2019, they went all in during 2020 due to COVID-19, only to move the goalpost to 2021 due to forbearance. What a year 2021 has been.

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Housing Market Marketing Construction Mortgage 526

Housing Wire

NOVEMBER 3, 2020

This is the 16th short-term extension of the NFIP since Congress reauthorized the program in 2012 and extended it in 2017, and the one-year extension is the longest of those extensions. The NFIP provides stability for the housing market. For more information, visit CoreLogic.com.

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Insurance Housing Market Marketing Business 369

Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

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Marketing Investing Investors Real Estate 351