Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. By 2020’s end, USMI members held more than $6.3 housing market, as well as the need to increase access to affordable mortgage options.”

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Housing Wire

AUGUST 20, 2021

The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% But some of the industry’s same problems remained in 2020. million in 2020. million in 2020. in 2020, while the share for Hispanic borrowers was 9.1% in 2020 compared to 8.9% in 2020, from 1.04

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Housing Wire

OCTOBER 22, 2020

This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. Still, this seems like a booming housing market, right? million and purchase applications would never hit 300 until the years 2020-2024. Well, here we are in 2020 entering into the best housing demographic patch ever recorded in U.S.

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Housing Wire

MAY 3, 2024

The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. Let’s look at my labor economic model that started on April 7, 2020, and see where are we today. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst.

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Housing Wire

FEBRUARY 3, 2021

At the close of 2020, UWM originated more than $182 billion in mortgages, blowing away the $107.8 billion in net income during 2020, and $1.37 All told, UWM only lags behind overall market leader Rocket Mortgage , which will reveal its earnings later this month. At the end of the fourth quarter of 2020, it had $188.3

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Housing Wire

JANUARY 6, 2021

2020 has certainly been a year to remember. While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond.

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Housing Wire

MARCH 20, 2023

Department of Housing and Urban Development ( HUD ) announced on Friday that it rescinded a 2020 Trump-era rule governing Fair Housing Act disparate impact claims and has restored a 2013 Obama-era “Discriminatory Effects” rule that takes aim at discriminatory practices from the housing market.

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Housing Wire

DECEMBER 14, 2020

The evidence for this can be seen here in a series of charts published with the article: Considering all the wild machinations in the market that we lived through from the date of the first infections to the present, I thought it would be useful to recap some of the year’s significant economic milestones. But the 2020 U.S.

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Housing Wire

MAY 6, 2021

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

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Housing Wire

FEBRUARY 11, 2021

billion in total 2020 revenue in its annual earnings report, released Thursday. Our 2020 performance demonstrated the remarkable resilience of our people amidst the challenges presented by the pandemic,” said First American CEO Dennis Gilmore. ” First American’s total revenue for the fourth quarter of 2020 was $2.2

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Housing Wire

MARCH 8, 2024

For now, we can say the labor market isn’t tight anymore, but it’s also not breaking. The four-week moving average declined slightly by 750, to 212,250 Below is an explanation of how we got here with the labor market, which all started during COVID-19. Jobless claims show an expanding economy that has not lost jobs yet.

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Housing Wire

FEBRUARY 10, 2021

Zillow Group reported fourth quarter 2020 earnings of $789 million on Wednesday, easily beating Wall Street’s estimates. For the year 2020, Zillow posted $343 million in EBIDTA. For 2020, Zillow reported 9.6 from the end of December 2020 to March 2021, and by 10.5% billion visits. through December 2021.

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Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. year over year, and nearly identical to the 2,492 homes sold in February 2020 prior to the COVID-19 pandemic. recorded in mid-February 2020. It’s just not out there.”

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Housing Wire

APRIL 13, 2021

Across the mortgage industry, revenues swelled to record highs in 2020. According to recent data from the Mortgage Bankers Association , IMBs and mortgage subsidiaries averaged around $4,202 profit on each loan in 2020, compared to $1,470 per loan in 2019. million new households to enter the housing market in 2021.

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Housing Wire

JANUARY 29, 2021

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. On average, LOs funded $20.4M

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Housing Wire

JULY 29, 2021

Stay-at-home orders spurred by the COVID-19 pandemic did not have a notable impact on the velocity of fair housing complaints received in 2020 by organizations, according to a yearly trends report published by the National Fair Housing Alliance this week. Real estate sales complaints comprised 2.6% Real estate sales complaints comprised 2.6%

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Housing Wire

MAY 7, 2024

The labor market has always been my key variable for lower rates, and last week’s headline jobs number missed, while wage growth came in cooler than anticipated,” HousingWire lead analyst Logan Mohtashami said. By the end of the summer, it looks like inventory will finally be back above 2020 levels.

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Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. Here’s a detailed month-by-month analysis of what caused mortgage rates to fall so dramatically, and how it affected virtually every sector within the housing market. bond market. Quite the opposite.

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Housing Wire

SEPTEMBER 15, 2020

in 2020 and 2.7% The housing market has boomed because of the low interest rates created by a Federal Reserve program to buy mortgage bonds. . The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire. That’s an improvement from the drop of 4.5% The annual average U.S.

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Housing Wire

MAY 25, 2021

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year. HW: What effect did the pandemic have on loan quality in 2020? In Q1, the industry saw the critical defect rate fall 9.5%

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Housing Wire

NOVEMBER 2, 2020

New rate lock data suggests 2020 will end with over $4 trillion worth of originations, easily a record. This suggests that origination and prepayment activity will likely remain elevated well into Q4 2020,” he said in a statement. The post Rate lock data suggests record $4T in 2020 mortgages appeared first on HousingWire.

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Housing Wire

APRIL 13, 2021

ALTA officials “do not expect the same level of refinance activity” this year, even though the residential purchase market appears to be holding steady as the calendar approaches May, according to Diane Tomb, ALTA chief executive. Just how fruitful was 2020 for title insurers? Just how fruitful was 2020 for title insurers?

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Housing Wire

MAY 3, 2021

billion for the first quarter 2021 — up from only $764 million in the first quarter of 2020. Income was reported at $502 million, a huge recovery from the first quarter of 2020 when Old Republic reported a loss of $605 million. increase from the first quarter of 2020. million registered during Q1 2020. billion, a 12.4%

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Housing Wire

JUNE 11, 2021

RealTrends , which is owned by HW Media , on Friday released its annual list of the top 1,000 agents in the country for 2020, with separate tallies for sales volume and the number of deals done. The agent reported 6,409 transaction sides in 2020 for a deal volume of $2.2 The brokerage placed 274 agents in the top 1,000.

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Housing Wire

JANUARY 22, 2021

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. million homes were sold in 2020, up 5.6% Yun added that 70% of homes sold in December of 2020 were on the market for less than a month. “To A total of 5.64

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Housing Wire

MAY 16, 2022

According to Marina Walsh, vice president of industry analysis at MBA, the pace of monthly forbearance exits in April reached its lowest level since June 2020, when the association first started tracking exits. The post Forbearance rate drops below 1%, lowest level since June 2020 appeared first on HousingWire.

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Housing Wire

FEBRUARY 11, 2021

In total, the company’s net income at the end of 2020 was $7.3 “In 2020, Freddie Mac continued to serve the important role for which it was founded: supporting the housing market in all economic conditions,” said Chris Lown, Freddie Mac’s chief financial officer, in a Thursday earnings call. billion, from $9.1

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Housing Wire

DECEMBER 29, 2020

May: With millions out of work, the housing market faced its greatest challenge in over a decade. The post Here’s what mortgage forbearance looked like in 2020 appeared first on HousingWire. By this point, 30 million Americans had filed for unemployment insurance since mid-March. At the end of April, the average U.S.

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Housing Wire

DECEMBER 7, 2022

The Consumer Financial Protection Bureau stated on Tuesday that it will be lenient when enforcing changes made in the 2020 Home Mortgage Disclosure Act Final Rule on the closed-end loan reporting threshold. On September 23, 2020, the U.S. How to reach the growing segment of Hispanic American homebuyers in 2023. Presented by: Maxwell.

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Housing Wire

APRIL 13, 2021

A perfect storm of record low interest rates and shifting consumer behavior spurred by the COVID-19 pandemic resulted in an absolutely incredible year for mortgage lenders in 2020, especially the independent mortgage banks. In fact, over 20 lenders issued 100,000 mortgage loans or more in 2020, the majority of them refinancings.

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Housing Wire

JANUARY 21, 2021

million more seriously delinquent mortgages were reported than at the start of 2020, according to a report from Black Knight. million the month prior, but remained a looming reminder of the the challenges facing the market in 2021, Black Knight said. The post 2020 ends with 3.4 million more delinquent and 1.7 million from 2.19

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Inman

MAY 2, 2024

Cultural economist Mike Green looks at the aftermath of NAR's 2020 apology and what it would take to create a more equitable and inclusive housing market.

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Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. That number then steadily dropped, bottoming out at 825 in the second quarter of 2020 after COVID-19 was officially declared a pandemic.

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Housing Wire

DECEMBER 11, 2020

A homebuyer’s guide to a competitive housing market. The post Tiny homes are big winners in 2020 appeared first on HousingWire. Business owners who now work at home full-time are using them as their new office, separate from the main home to stay clear of distractions. . More for Real Estate Enthusiasts. million people. .

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Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We Buyers are really struggling.”

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Housing Wire

DECEMBER 1, 2020

Lindsay Bhandari, Vice President, Capital Markets and Treasury Technology Management Fannie Mae. In her role overseeing capital markets and treasury technology, Bhandari leverages her ability to bring people together with the right technologies to drive innovation at Fannie Mae.

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Housing Wire

SEPTEMBER 16, 2020

The title industry experienced quite a rush in the second quarter of 2020 with $4.18 According to a report from the American Land Title Association , family markets made up nearly 81% of those gains while independent companies shared what remained. Below are the top 4 companies in title by market share for the second quarter.

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