Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. He added that mortgage rates have moved higher in tandem with Treasury yields.

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Mortgage Contracts Inventory Buyers 471

Housing Wire

AUGUST 23, 2023

“Investors in the bond market were reacting to the government issuing debt while expecting the Federal Reserve to increase rates in September amid persistent inflation,” HousingWire ’s Flávia Furlan Nunes wrote last week. The average contract interest rate for 5/1 ARMs fell to 6.50% from 6.20% a week prior. the week prior.

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Mortgage Contracts Government Buyers 366

Housing Wire

OCTOBER 14, 2020

“Applications for government mortgages offset some of the overall decline by increasing 3%, driven by a solid gain in government purchase applications and an 11% jump in VA refinance applications,” said Joel Kan, MBA’s vice president of economic and industry forecasting. The USDA share of total applications rose to 0.6%

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Mortgage Contracts Government Buyers 433

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

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Law Real Estate Real Property Contracts 361

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. 2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. 7% while the Jumbo MCAI measuring high-balance loans rose.2%,

Mortgage 471

Mortgage Government Buyers Contracts 471

Housing Wire

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. “Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15

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Mortgage Contracts Government Buyers 441

Housing Wire

DECEMBER 16, 2020

“This is perhaps a sign that more first-time buyers are entering the market,” Kan said. Homeowners once again acted on the decline in rates, with refinance activity rising for the second straight week and up 105% from a year ago,” Kan said. The unadjusted purchase index also increased, jumping 0.4% from the previous week.

Mortgage 470

Mortgage Contracts Government Buyers 470

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. They have gone through all of this and it will end up being punitive to buyers.

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Sellers Buyers Real Estate Agents 414

Housing Wire

MARCH 10, 2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. from 12.3% the week prior.

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Mortgage Contracts Government Inventory 414

Housing Wire

AUGUST 25, 2021

Lower rates led to an increase in refinance applications, with government loan applications jumping 10 percent to the highest level since May 2021.” ” Kan also noted that purchase applications for both conventional and government loans increased on the week that ended Aug. of total applications. the week prior.

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Mortgage Contracts Government Inventory 393

Housing Wire

APRIL 26, 2023

Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. There are still so many borrowers looking to purchase a home.

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Mortgage Loan Officers New Listings Government 393

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. and government loans were up 13% last week, according to the MBA estimates. It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week.

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Mortgage Loan Officers Investors Government 381

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate.

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Mortgage Loan Officers Government Buyers 382

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. Despite the decline in home price growth and projections of rates dropping, affordability challenges are expected to continue to weigh on buyers.

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Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. Now that a second stimulus package has been passed and two vaccines are being administered, Yun said economic growth is guaranteed, but high government borrowing will put modest upward pressure on interest rates. Presented by: WFG.

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Contracts Inventory Realtors Government 532

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

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Contracts Investors Investing Market Value 423

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

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Agents Buyers Sellers Inventory 404

Housing Wire

JUNE 8, 2022

Only government refinances saw a slight increase last week,” Kan said. These worsening affordability challenges have been particularly hard on prospective first-time buyers,” Kan added. The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%.

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Mortgage Inventory Contracts Retail 393

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. decline in applications for government loans. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior.

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Inventory Contracts Government Mortgage 403

Housing Wire

MARCH 9, 2022

from the previous week, with a larger gain in government refinances. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) decreased to 4.09% from 4.15% the week prior. Buyers on average bought 0.8 Mortgage applications jumped 8.5% in the same period.

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Mortgage Investors Retail Contracts 370

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Goliath’s strength is in his messaging. It is appraisers who are destroying the message. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being.

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Appraisal Valuation Lending Contracts 131

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

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Mortgage Renovations Appraisal Process Finance 433

Housing Wire

JANUARY 19, 2022

The economist added that government purchase applications had slower growth, contributing to the larger loan balances and suggesting that prospective first-time buyers are struggling to find homes to buy in their price range. The refinance share of mortgage activity decreased to 60.3% of total applications last week, from 64.1%

Mortgage 393

Mortgage Contracts Government Inventory 393

Housing Wire

MAY 13, 2022

Today we are seeing a more governed and purpose-oriented approach to networks of blockchains. Today, established actors in settlement services are collaborating on the same ledger with the same form of smart contract to eliminate transaction overheads. Distributed Ledger Technologies are the Backbone of Blockchains.

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Contracts Technology Architecture Government 346

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1% All four U.S.

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Supply Chain Inventory Buyers Realtors 414

Housing Wire

MAY 24, 2023

That’s the date the federal government will likely no longer be able to satisfy its obligations if Congress has not acted to raise or suspend the debt limit, according to the U.S. And, federal lawmakers have yet to reach a deal on the U.S. debt ceiling to avoid a default on June 1. Department of the Treasury.

Mortgage 382

Mortgage Inventory Retail Housing Market 382

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Tara Roche, who co-authored the report, said that making small-dollar loans more accessible would help curb buyers’ reliance on riskier and costlier alternative financing.

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Mortgage Finance Lending Development 382

Housing Wire

APRIL 12, 2023

The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines. The MBA shows the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.3%

Mortgage 378

Mortgage Retail Housing Market Contracts 378

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Eligibility for DPA programs is determined by multiple factors, including household income and credit scores.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Housing Wire

FEBRUARY 16, 2022

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.05% from 3.83% the week prior, above the 4% mark for the first time since 2019. Prospective buyers still face elevated sales prices in addition to higher mortgage rates.

Retail 382

Retail Mortgage Contracts Government 382

Empire Appraisal Group

JUNE 29, 2023

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. If required, then these sections describe what both sides are obligated to do, like initiate the approval process (seller) or show up for an in-person interview if required (buyer).

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HOA Contracts Sellers Buyers 78

Housing Wire

APRIL 26, 2023

Mr. Cooper announced it agreed to acquire Rushmore Loan Management Services ‘ s special servicing platform, which has $37 billion in sub-servicing contracts. Marshall added, “As the pools get larger, certainly as they get above $10 or $20 billion, there’s a handful of potential buyers.”

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Contracts Government Business Clients 379

Housing Wire

JULY 6, 2022

PennyMac Mortgage Investment Trust, a real estate investment trust (REIT), recently issued $305 million in Fannie Mae MSR-backed notes to “qualified institutional buyers” via an offering dubbed Series 2022-FT1, PFSI’s SEC filing shows. Incenter has managed more than $1.5 billion in MSR sales and purchases, according to KBRA.

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Investing Finance Mortgage Market Value 378

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

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Marketing Contracts Technology Mortgage 381

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period.

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Marketing Investing Mortgage Investors 381

Housing Wire

APRIL 14, 2022

government bonds or GSE-related [government-sponsored enterprise] securities, then interest rates will rise even further. . The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”. in 2009 to 1.9%

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Marketing Investors Government Investing 403