Housing Wire

FEBRUARY 22, 2024

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. Mortgage rates and rate volatility continue to impact transaction volumes, and we find ourselves at historic lows for sale of existing homes. million, down 2% annually.

Marketing 372

Marketing Investors Housing Market Investing 372

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

Mortgage 491

Mortgage Inventory Marketing Finance 491

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. It alleviated some pressure on mortgage rates, which declined over the past week. But uncertainties over the Federal Reserve ‘s (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% in May, compared to 3.4%

Mortgage 374

Mortgage Investors Inventory Housing Market 374

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC).

Contracts 341

Contracts Investing Mortgage Investors 341

Housing Wire

JUNE 1, 2023

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. debt limit until January 2025 and cap government spending. debt limit until January 2025 and cap government spending. trillion U.S. trillion U.S.

Mortgage 354

Mortgage Government Housing Market Marketing 354

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

Loan Officers 377

Loan Officers Mortgage Buyers Inventory 377

Housing Wire

APRIL 29, 2024

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. Last week, big four members First American , Old Republic and Stewart all announced their earnings. million, up from $45.9

Insurance 343

Insurance Investors Housing Market Government 343

Inman

FEBRUARY 10, 2023

In his latest interview with Bloomberg, former Goldman Sachs investor Don Mullen explains why iBuyers won't survive much longer, calling them the "forced sellers" of today's market.

Investors 108

Investors Sellers Marketing Technology 108

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

FEBRUARY 8, 2024

A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign began to cut operating costs for fiscal year 2025, including areas such as program spending, professional fees and noncritical open roles, according to a message that CEO Allan Thygesen shared with employees on Tuesday.

Technology 378

Technology Investors Finance Business 378

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 416

Mortgage Investors Tools Technology 416

Housing Wire

JANUARY 3, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. Pennymac ranked as the second-largest mortgage lender, trailing United Wholesale Mortgage (UWM), in the first nine months of 2023, according to data from Inside Mortgage Finance.

Loan Officers 348

Loan Officers Development Investors Finance 348

Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. in 2025, indicating four more 25 bps cuts. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

JANUARY 21, 2022

ESG securities such as bonds are backed by collateral, like mortgages, that can be defined as meeting environmentally sustainable, socially responsible, or good governance criteria. Digital mortgage platform MAXEX , backed by investment from financial-services giant JPMorgan , sees a bright future in the ESG market.

Marketing 369

Marketing Investors Development Mortgage 369

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

SEPTEMBER 11, 2023

We want to hear from market participants and impacted stakeholders to ensure a smooth transition that minimizes costs and complexity.” historical data to support credit model updates in the first quarter of 2025. By the fourth quarter of 2025, the FHFA was to have incorporated credit score model updates into capital and pricing.

Finance 359

Finance Government Mortgage Investors 359

Housing Wire

MARCH 8, 2023

As expected, California-based mortgage lender loanDepot reported another unprofitable period in the fourth quarter of 2022, its third consecutive quarterly loss. The red ink resulted from declining mortgage production and came despite the company’s decision to exit the wholesale channel , trim its workforce , and invest in new products.

Housing Market 370

Housing Market Investing Mortgage Real Estate 370

Housing Wire

AUGUST 8, 2023

The California-based mortgage lender had its second consecutive double-digit revenue gain amid increasing origination volumes and margins. Changes in leadership came with the decision to consolidate LDI Digital, including mellohome, into its existing production channels, under the direction of LDI Mortgage President Jeff Walsh.

Human Resources 299

Human Resources Lending Investors Mortgage 299

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The froth is out of the market.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

FEBRUARY 13, 2024

It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. Additionally, across our entire set of nine enhanced markets, we are seeing consistent out performance in connections growth versus the industry,” Wacksman said.

Agents 327

Agents Sellers Buyers Law 327

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. percentage points, implying three cuts of 0.25 15, just 0.07

Mortgage 389

Mortgage Realtors Real Estate Marketing 389

Housing Wire

NOVEMBER 1, 2023

market transitions to one where one or two large listing portals offer pay-to-play inclusion on a digital listings marketplace. “In Zillow was also pleased with the performance of its mortgage sector, Zillow Home Loans , which reported an 88% year-over-year increase in purchase loan origination volume for the quarter.

Real Estate 423

Real Estate Advertising Agents Realtors 423

Housing Wire

AUGUST 2, 2023

As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. Zillow’s mortgage arm, Home Loans, on the other hand, recorded a 17% year-over-year decline in revenue to $24 million.

Agents 349

Agents Finance Sellers Housing Market 349

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. It’s a shift that is happening in the market. “UWM has 54% of what is a growing market, and that’s only going to keep going up,” Perez said.

Retail 362

Retail Loan Officers Landlords Lending 362

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. No, it can’t. We had a credit boom.

Housing Market 391

Housing Market Marketing Inventory Lending 391

Housing Wire

MAY 19, 2021

An industry concern during the debate on the bill related to a provision which would have eliminated the tax deferral on the creation of mortgage servicing rights (MSRs). MSRs are booked as a balance sheet asset when loans are sold into the secondary market and show as book earnings at that time. Distributional Impact of the 2017 TCJA.

Housing Market 481

Housing Market Marketing Real Estate Government 481

Housing Wire

AUGUST 10, 2023

Bank underwriters of the IPO, such as Goldman Sachs , BofA Securities , Credit Suisse Securities , Morgan Stanley , Barclays Capital and Citigroup Global Markets , were also named. It also includes investors who acquired company stock between March 16, 2021 and September 22, 2021. loanDepot stock was trading at $2.14

Investors 337

Investors Investing Marketing Legal 337

Housing Wire

AUGUST 3, 2023

Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. below 4%) and today’s current market rates has created a so-called “lock-in effect.” That shortage is estimated to range from 1.5

Construction 363

Construction Development Finance Mortgage 363

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say.

Sellers 283

Sellers Investors Valuation Finance 283

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

Inventory 369

Inventory Buyers Sellers Investors 369

Housing Wire

JANUARY 29, 2024

The most pessimistic forecast call for a drop of 40% nationwide by the end of 2025. A recent Wall Street Journal article noted that in Florida some homeowners have seen their homeowner premiums triple in the last five years and in some communities these premiums are now higher than their mortgage payments.

Insurance 344

Insurance Real Estate Technology Clients 344

Housing Wire

FEBRUARY 10, 2023

And investors can expect the company to keep growing its servicing business in the months to come. The performance was impacted by a mark-to-market of $58 million, adjustments related to severance and property consolidation of $23 million, and equity investment losses of $10 million. . trillion from 2023 to 2025. ”

Business 275

Business Mortgage Lending Investors 275

Housing Wire

OCTOBER 14, 2020

San Francisco-based StreamLoan has forged a partnership with insurance giant Progressive enabling home buyers and homeowners who use StreamLoan’s digital mortgage platform to obtain quotes for homeowners’ insurance. market for homeowners’ insurance. Fintech startup StreamLoan is dipping its toe in the insurtech pool.

Insurance 324

Insurance Technology Lending Real Estate Agent 324

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. A rare, two-fisted punch of higher prices and interest rates is bruising the market at a time when activity is usually robust. The single-family market has only 1.0 Among all home types, there were 1.3

Marketing 36

Marketing Inventory Buyers Sellers 36