Housing Wire

AUGUST 8, 2023

Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. The trade group’s monthly Mortgage Credit Availability Index fell by 0.3% Simultaneously, liquidity concerns persisted for some jumbo lenders. last month.

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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% in August.

Mortgage 389

Mortgage Government Lending Marketing 389

Housing Wire

MARCH 7, 2022

Lenders One Cooperative announced on Monday that it has struck a deal to lease retail space in Walmart stores to sell mortgage products and services. ” Walmart isn’t the first warehouse-style retailer to offer mortgage products on location. Neither company offered mortgages. The post Welcome to Walmart.

Retail 466

Retail Mortgage Lending Real Estate 466

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 392

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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Loan Officers Mortgage Finance Buyers 441

Housing Wire

JULY 11, 2023

Mortgage credit availability barely increased in June as the industry continues to operate at reduced capacity. This is a consequence of persistently high mortgage rates resulting in lender consolidation as well as a decline in mortgage applications , the Mortgage Bankers Association said. last month. last month.

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Mortgage Government Lending 271

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.

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Sellers Mortgage Business Lending 421

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 384

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% The post Mortgage credit availability declines in November appeared first on HousingWire.

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Mortgage Government Inventory Investing 408

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 504

Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. in 2012 to 65.2% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints. Additionally, 21% of loans originated in 2022 for Hispanic buyers included mortgage rates of 6% or more. and 51.1%, respectively. The overall U.S.

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Buyers Inventory Realtors Mortgage 432

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 361

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.

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

AUGUST 12, 2021

Mortgage credit availability increased marginally in July following a big downturn in June , according to a report released by the the Mortgage Bankers Association on Thursday. The MBA Mortgage Credit Availability Index overall rose by 0.3% The MBA Mortgage Credit Availability Index overall rose by 0.3% in June to 118.8.

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Mortgage Government Investors Investing 397

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 444

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 416

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.

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Mortgage Government Inventory Lending 372

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 367

Appraisal Buzz

APRIL 7, 2022

Mortgage credit availability decreased in March according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The index was benchmarked to 100 in March 2012. The MCAI fell by 0.7%

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Mortgage Lending Technology Appraisal 221

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.

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Mortgage Inventory New Listings Sellers 520

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 337

Housing Wire

FEBRUARY 12, 2024

New Jersey-based mortgage lender The Money Store named industry veteran Coleen Bogle as chief marketing officer, the company announced on Monday. The hiring follows changes in marketing leadership at other mortgage companies, including Guild Mortgage and Rocket Companies.

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Marketing Loan Officers Advertising Retail 395

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.” What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 393

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 338

Retail Mortgage Development Business 338

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.

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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. in September.

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Mortgage Tools Lending Business 195

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. billion in 2012 to $2 billion in 2016. “The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, CEO of StoicLane and one of the investors in the round, said in a statement. and former U.S.

Mortgage 330

Mortgage Investors Investing Technology 330

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

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%

Mortgage 195

Mortgage Housing Market Appraisal Marketing 195

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. in November.

Mortgage 195

Mortgage Tools Lending Business 195

Housing Wire

SEPTEMBER 1, 2021

The reverse mortgage industry is perhaps overly familiar with having a need to fact-check certain claims about the product category made by financial commentators, some of which are very well-known by the general public while others are simply ubiquitous enough to warrant the need for competing educational materials.

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Mortgage Finance Business 363

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. Even the IMF was begging the U.S.

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Inventory Housing Market New Listings Mortgage 545

Housing Wire

OCTOBER 18, 2022

To say that mortgage lenders are facing challenging times would be a considerable understatement. The substantial increases this year present challenges in the mortgage sector, as the note rates produced can become illiquid if not hedged. The last time that the rate reached 3.25% was in 2005 — and we all know how that story unfolded.

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Mortgage Marketing Lending Finance 368

Appraisal Buzz

DECEMBER 15, 2021

ClearPath Lending , a VA home loan origination firm, reports that it has provided more than 50,000 mortgage loans that were guaranteed by the Department of Veterans Affairs or insured by the Federal Housing Administration (FHA) since the company was founded in 2012. It’s an honor to serve the.

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Lending Mortgage Insurance Appraisal 195

Housing Wire

AUGUST 14, 2023

The regulator of Fannie Mae and Freddie Mac improperly amended stock purchase agreements in 2012 when it allowed the U.S. But that agreement was modified in 2012, to require Fannie Mae and Freddie Mac to pay dividends to the Treasury pegged to the companies’ net worth. found Monday. million in damages. Investors cried foul. “By

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Investors Government Law Investing 368

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.

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Mortgage Valuation Marketing 450