Housing Wire

MARCH 8, 2024

The Desjardins Group , a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. According to the Insurance Bureau of Canada , roughly 1.5 According to the Insurance Bureau of Canada , roughly 1.5 In addition, Canada doesn’t have a national flood insurance program.

Insurance 352

Insurance Mortgage Housing Market Buyers 352

Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

Insurance 335

Insurance Housing Market Marketing Agents 335

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. On top of slowing purchase order volume, rising mortgage rates also decimated refinance orders.

Insurance 462

Insurance Bracketing Legal Business 462

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 407

Housing Market Marketing Insurance Mortgage 407

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. Better’s mortgage as a service currently consists roughly 20% of its revenue and the lender aims to grow this business line, Garg said.

Mortgage 330

Mortgage Insurance Finance Technology 330

Housing Wire

MAY 24, 2023

methodology in October 2021, thousands of homeowners in low-elevation coastal areas of the United States braced for federal flood insurance hikes. Recently released data from the agency shows that annual flood insurance premiums will eventually double or even triple for homeowners in some U.S. When FEMA released its Risk Rating 2.0

Insurance 332

Insurance Housing Market Marketing Real Estate 332

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The homebuyer survey was conducted by Morning Consult in June 2023.

Buyers 390

Buyers Inventory Realtors Finance 390

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. In those cities, the typical buyer put down 25% of the purchase price.

Mortgage 410

Mortgage Buyers Insurance Government 410

Housing Wire

APRIL 26, 2024

year over year in March, although growth in listings is expected to subside due to the lock-in effect of higher mortgage rates. HousingWire’s Mortgage Rates Center showed that the average 30-year conventional fixed rate was 7.56% on Friday — up from 6.83% at the start of the year. “My from 2018 to 2023.

Housing Market 339

Housing Market Marketing Insurance Sellers 339

Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Here’s a quick rundown of the last week: Active inventory grew 8,914 week to week, even though new listing data is still trending at all-time lows in 2023.

Housing Market 484

Housing Market Mortgage Marketing Inventory 484

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. Mortgage applications decreased 13.2% That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy.

Mortgage 521

Mortgage Loan Officers Insurance Investors 521

Housing Wire

MAY 28, 2024

Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. ” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. .

Property Taxes 306

Property Taxes Lending Insurance Sellers 306

Housing Wire

OCTOBER 18, 2023

The Federal Housing Administration (FHA) is working to offer a new partial claim option before the end of 2023, according to the federal housing commissioner at the U.S. The commissioner also discussed the rise in mortgage loan assumptions. Department of Housing and Urban Development (HUD), Julia Gordon. 14-17 in Philadelphia.

Mortgage 356

Mortgage Government Insurance Tools 356

Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. This will further increase the cost of construction in a market that sorely needs more inventory for first-time and first-generation buyers.”

Buyers 328

Buyers Housing Market Insurance Construction 328

Housing Wire

MARCH 5, 2024

Struggling New York Community Bancorp (NYCB), which triggered fears of new bank collapses, could benefit from selling mortgage servicing rights ( MSR ) to improve its capital ratio, according to analysts at Keefe, Bruyette and Woods (KBW). NYCB became a large mortgage servicer after the acquisition of Flagstar Bank in December 2022.

Buyers 332

Buyers Mortgage Insurance Business 332

Housing Wire

SEPTEMBER 20, 2023

Trading volume in the mortgage servicing rights (MSR) market this year is still on track to reach or slightly exceed 2022’s $1 trillion mark , with trading volume in the fourth quarter of this year projected to be robust as market players race to finish deals prior to year’s end. Piercy added. And that’s a headwind for the market.”

Investors 347

Investors Mortgage Buyers Investing 347

Housing Wire

MARCH 11, 2024

President Joe Biden’s proposals for the housing and mortgage markets, announced during the 2024 State of the Union address on Thursday night, are “dead on arrival or troubling,” according to Isaac Boltansky, an analyst for financial services firm BTIG. percentage points and helping about 3.5 million families. million families.

Insurance 367

Insurance Mortgage Government Inventory 367

Housing Wire

MAY 22, 2023

Rocket Mortgage introduced a new 1% down home loan program aiming to target more than 90 million borrowers. Rocket’s new product comes on the heels of rival United Wholesale Mortgage (UWM) rolling out a similar program. ONE+ offers mortgage insurance at no cost to the client, which on a $242,500 loan can be as much as $245 per month.

Insurance 404

Insurance Mortgage Buyers Government 404

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 357

Marketing Mortgage Investors Sellers 357

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Read on for more about Cohen’s business strategies for 2023, his take on the housing market and what mortgage products to pay attention to this year.

Buyers 370

Buyers Housing Market Marketing Real Estate Agent 370

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 304

Mortgage Property Taxes Housing Market Buyers 304

Housing Wire

DECEMBER 14, 2023

In 2023, Fannie Mae and Freddie Mac announced plans to make it easier to buy a home and close the racial homeownership gap in the United States. Asian borrowers pay $13 less than non-Hispanic white borrowers (the control group); low-income borrowers pay $14 more; and first-time home buyers pay $11 less than repeat buyers.

Insurance 384

Insurance Property Taxes Buyers Investors 384

Housing Wire

MAY 7, 2024

compared to March 2023, according to the company’s home price index released Tuesday. Even with the long-anticipated break in for-sale inventory, the surging cost of homeownership , further fueled by rising insurance and tax expenses, is holding potential home sales back, as is evident in the slow rise in sales compared with last year.

Inventory 365

Inventory Insurance Buyers Mortgage 365

Housing Wire

JUNE 13, 2023

Add Guild Mortgage to the list of lenders offering down payment assistance programs in order to court more buyers at a time when mortgage rates remain elevated. To qualify for the 1% down payment advantage program, buyers must have a minimum credit score of 620 and a 95 to 97% loan-to-value first mortgage.

Buyers 375

Buyers Retail Mortgage Insurance 375

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. Mortgage rates are at 7.5% Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. Mortgage rates are now topping 7.5%, the highest levels seen this year.

Sellers 459

Sellers Marketing Inventory Contracts 459

Housing Wire

SEPTEMBER 18, 2023

For the first time in five months, homebuilder sentiment levels dropped below the key break-even measure of 50, mostly reflecting the difficulties of persistent 7% mortgage rates. Insurance cost and availability are also growing concerns for the housing sector. The gauge measuring traffic of prospective buyers declined 5 points to 30.

Construction 431

Construction Buyers Housing Market Insurance 431

Housing Wire

APRIL 1, 2024

“And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.” The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market.

Finance 366

Finance Investing Real Estate Agent Real Estate 366

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. The Community Home Lenders of America (CHLA) applauds these initiatives.

Sellers 293

Sellers Realty Insurance Realtors 293

Housing Wire

FEBRUARY 10, 2023

After a quarter characterized by weakening homebuyer demand and some of the highest mortgage rates seen in decade, it was no surprise that Stewart and First American recorded weaker financial results in the fourth quarter of 2022 compared to the same quarter a year ago.

Buyers 280

Buyers Housing Market Investors Insurance 280

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.

Insurance 335

Insurance Finance Inventory Mortgage 335

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

Buyers 66

Buyers Lending Insurance Mortgage 66

Housing Wire

JANUARY 5, 2024

Since its founding in 2015, remote online notarization (RON) platform Proof , formerly known as Notarize , has helped sellers and buyers close $347 billion worth of real estate transactions, according to an announcement on Friday. 2023 by State Senator Anthony Portantino, a Democrat from Burbank. The bill was first introduced in Feb.

Law 394

Law Real Estate Insurance Sellers 394

Housing Wire

APRIL 22, 2024

Even homeowners who have paid off their mortgage may be finding that their available equity is not enough to downsize, according to a story published Saturday by The New York Times. The article also notes that reverse mortgages are a potentially valuable tool for seniors in the current housing environment.

Tenants 382

Tenants Mortgage Insurance Tools 382

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 324

Renovations Buyers Development Insurance 324

Appraisal Buzz

APRIL 2, 2024

With mortgage rates tracking downward in recent months after rising last year, the portion of average local wages consumed by major expenses on median-priced, single-family homes and condos has decreased from the fourth quarter to the first quarter in 91.5% Home prices are rising faster than wages in half the U.S., a report from ATTOM shows.

Property Taxes 195

Property Taxes Insurance Home Value Buyers 195

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

Agents 435

Agents Sellers Buyers Finance 435

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. The Community Home Lenders of America (CHLA) applauds these initiatives.

Sellers 423

Sellers Realty Insurance Realtors 423