Housing Wire

MAY 13, 2021

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. Tom McInerny, the president and CEO of Genworth, said that recent market volatility led the company to put off the IPO. housing market and expected tailwinds as the economy recovers from COVID-19.”

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Insurance Mortgage Finance Housing Market 244

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

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Inventory Housing Market Marketing New Listings 510

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 482

Housing Wire

JUNE 11, 2023

And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Mortgage rates stayed in a small range between 6.89% – 6.94% Purchase application data had its fourth straight week of negative data as rates near 7% slowed down demand. First, it took the longest time in U.S.

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Inventory Housing Market Marketing New Listings 476

Housing Wire

SEPTEMBER 20, 2021

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. This is a strategic move as some of the hottest housing markets in the country are currently located in Nevada, California and Arizona.

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Insurance Brokerage Real Estate Technology 288

Housing Wire

OCTOBER 29, 2020

Shelter-in-place directives proliferated across many communities and open houses canceled. The once-promising 2020 spring home-buying season, possibly the best since before the Great Recession, was slowed to a snail’s speed. Treasury bonds and Mortgage Backed Securities to lower long-term yields. Housing and mortgage outlook.

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Housing Market Marketing Contracts Open Houses 533

Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week after the debt ceiling issues were resolved, but the damage from higher rates took its toll on purchase application data again. Since Nov.

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Inventory Housing Market Marketing New Listings 398

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022.

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Housing Market Marketing Construction Real Estate 324

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. Blake Bianchi, CEO of Future Mortgage.

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Housing Market Marketing Mortgage Buyers 367

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec.

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Marketing Mortgage Transportation Insurance 477

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. The Mortgage Bankers Association projects that of $2.4

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Housing Market Marketing Brokerage Real Estate 400

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. This will be particularly true as mortgage interest rates remain elevated and increase. Thus, the [single-family] BFR market will expand in the quarters ahead.”.

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Housing Market Marketing Construction Development 544

Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. As the housing market changes, so does lending fraud.

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Mortgage Insurance Lending Government 516

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

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Insurance Bracketing HOA Law 361

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Market Marketing Construction Insurance 377

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

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Mortgage Marketing Finance Insurance 374

Housing Wire

FEBRUARY 15, 2024

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 housing market for multiple reasons, Redfin said. were 65 and older as of 2020, up from 13% in 2010,” the report reads. years last year, up from 6.5

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Property Taxes Insurance Construction Inventory 446

Housing Wire

MARCH 13, 2024

Using a 1-10 scale, the portal displays current risk factors for a property as well as the expected change for each risk in 15 and 30 years, the length of a typical mortgage. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. insurers have grappled with exponential growth in natural disaster claims.

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Tools Insurance Home Value Technology 394

Housing Wire

APRIL 23, 2024

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. In 2022, I brought up the premise that the Fed will not pivot until the labor market breaks,” he said. “So,

Inventory 403

Inventory Housing Market Sellers Marketing 403

Housing Wire

AUGUST 3, 2021

Fannie Mae continues to reap the rewards of low mortgage rates as it posted a net income of $7.2 In March 2020, both Fannie Mae and Freddie Mac hit pause on credit risk transfers, which shift a portion of the risk of credit losses on the mortgages they insure onto investors. billion, of Fannie Mae’s $373.3

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Mortgage Insurance Government Investors 404

Housing Wire

JANUARY 3, 2022

As a result, 77% of counties included in the report have now been labeled as less affordable by ATTOM, up from 39% of counties in the fourth quarter of 2020. The data vendor also noted that in the third quarter of 2021 , 428 counties from the same data set were labeled as less affordable, up from 224 counties in the fourth quarter of 2020.

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Property Taxes Lending Housing Market Insurance 532

Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. “I

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Insurance Mortgage Development Housing Market 362

Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The lender’s correspondent clients include other banks and mortgage companies.

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Mortgage Lending Business Insurance 363

Housing Wire

SEPTEMBER 17, 2020

First-time homebuyer activity decreased mostly in part due to the economic effects of the pandemic, but it still remains the most active segment in the purchase space of the housing market. compared to last year, according to Genworth Mortgage Insurance. A quick rebound in May moderated the market decline.”.

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Buyers Insurance Finance Housing Market 413

Housing Wire

SEPTEMBER 8, 2022

Verification provider Xactus and income and employment data solution firm Truv teamed up to court more mortgage lenders that will speed up the mortgage approval process. The firm expects the partnership to allow mortgage lenders verify income and employment for more than 146 million U.S. Over the past two years, Truv raised $31.5

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Lending Insurance Mortgage Real Estate 369

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

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Mortgage Insurance Finance Development 312

Housing Wire

JULY 7, 2023

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. From the St. Some college or associate degree: 3.1%

Mortgage 377

Mortgage Government Marketing Insurance 377

Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

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Insurance Finance Inventory Mortgage 339

Housing Wire

MARCH 21, 2024

House of Representatives Subcommittee on Housing and Insurance hearing on Wednesday, members focused on the challenges faced by today’s homebuyers. Warren Davidson (R-Ohio), chairman of the subcommittee, opened the hearing by citing cost changes between 2020 and 2024. Doubling the average monthly payment.

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Insurance Government Inventory Development 348

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. The NFIP provides stability for the housing market. Investor reporting.

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Mortgage Investors Technology Housing Market 407

Housing Wire

DECEMBER 2, 2020

Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. Under HERA, the FHA calculates forward mortgage limits by Metropolitan Statistical Area and county.

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Law Housing Market Insurance Construction 531

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Up until now, Xactus obtained data from third parties. Presented by: ServiceLink.

Insurance 299

Insurance Clients Modernization Technology 299

Housing Wire

MAY 16, 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. While all HECM borrowers are aged 62 or older, the age profile of borrowers has trended younger over time.”

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Development Appraisal Property Appraisal Insurance 309

Housing Wire

AUGUST 6, 2021

Mortgage rates vary. Interest rates were at an all-time low last year, which is why the housing market saw such a spike. Some purchased a new home and others refinanced their mortgage. According to Freddie Mac , borrowers saved thousands in 2020 by refinancing. Take the pandemic, for example. Should you refinance?

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Housing Market Insurance Mortgage Appraisal 423

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening. housing market as we roll into May 2024.

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Inventory Contracts Sellers New Listings 392

Housing Wire

OCTOBER 24, 2022

The government mortgage insurer will shorten the seasoning requirement from six months to three months and allow issuers the option to pool re-performing loans into TBA-eligible Ginnie Mae II Multi-Issuer Pools. Creating a path to success in today’s purchase market. Presented by: Calyx.

Housing Market 346

Housing Market Insurance Government Tools 346

Housing Wire

AUGUST 31, 2022

The executive will be responsible for strengthening Xactus’ regulatory compliance framework and administering regulatory changes required by the credit and mortgage industries, the firm said. Since then, the firm acquired MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate in July.

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Modernization Clients Technology Insurance 368