Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. The regulator compares home prices year over year and adjusts the limit by the corresponding amount.

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Finance Government Law Mortgage 532

Housing Wire

OCTOBER 10, 2023

Chicago-based Guaranteed Rate raised agency conforming loan limits to $750,000 on Monday, representing an increase of 3.2% We raised the conforming loan limits to $750,000 on our Fannie Mae and Freddie Mac 30-year fixed. It followed the announcement made by Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Oct.

Finance 336

Finance Mortgage Marketing 336

Housing Wire

NOVEMBER 5, 2021

Morgan Mortgage Trust , so far this year has sponsored 13 private-label securitization offerings backed by jumbo loans valued at $13.8 Those offerings, current through the end of October, involved more than 14,000 jumbo mortgages, according to bond-rating agency presale reports. The data show that J.P.

Marketing 494

Marketing Investors Mortgage Housing Market 494

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S.

Lending 332

Lending Mortgage Loan Officers Government 332

Housing Wire

JANUARY 31, 2024

Mortgage demand slumped last week as consumers hit the brakes on purchase applications. Mortgage applications decreased by 7.2% 26 compared to one week earlier on a seasonally adjusted basis, according to the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. in the week ending Jan.

Mortgage 373

Mortgage Retail Buyers Finance 373

Housing Wire

AUGUST 8, 2023

Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. Simultaneously, liquidity concerns persisted for some jumbo lenders. The trade group’s monthly Mortgage Credit Availability Index fell by 0.3% last month.

Mortgage 288

Mortgage Government Lending 288

Housing Wire

APRIL 7, 2023

Shrinking wholesale lender Homepoint is closing its mortgage origination business and will sell its origination-focused assets to competitor The Loan Store , the company announced on Friday. We believe this is the best decision for our company to continue to deliver value to Home Point shareholders.”

Business 521

Business Investors Mortgage Marketing 521

Housing Wire

JUNE 28, 2023

Purchase mortgage applications increased for the third consecutive week, reaching the highest level of activity since early May, in spite of the 30-year fixed rate increasing slightly to 6.75%. For the week that ended June 23, mortgage applications climbed 3% from the prior week , according to data from the Mortgage Bankers Association.

Mortgage 338

Mortgage Inventory Sellers Buyers 338

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 468

Mortgage Real Estate Agent Renovations Finance 468

Housing Wire

DECEMBER 12, 2023

In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t enough to overcome seasonal, historic trends and low levels of inventory. Jumbo rates fell 34 bps to 7.61%, FHA dropped 54 bps to 6.90%, and VA dropped 61 bps to 6.79%.

Mortgage 407

Mortgage Inventory Sellers Marketing 407

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Founded in 2019, The Loan Store offers mortgage products including conventional, jumbo, VA and non-QM loans.

Lending 358

Lending Design Government Tools 358

Housing Wire

JUNE 21, 2023

On the heels of the Federal Reserve pausing its rate hikes, mortgage demand increased, but only slightly. For the week that ended June 21, mortgage applications only climbed 0.5% from the prior week , according to the Mortgage Bankers Association. The refinance share of mortgage activity decreased to 26.9%

Mortgage 337

Mortgage Inventory Construction Buyers 337

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

Mortgage 469

Mortgage Lending Government Loan Officers 469

Housing Wire

FEBRUARY 21, 2024

Mortgage demand continued its downward trajectory last week as interest rates moved back above 7%. Mortgage applications decreased by 10.6% 16, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. the week prior.

Mortgage 403

Mortgage Retail Home Value Marketing 403

Housing Wire

JULY 28, 2022

United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. This is the second jumbo ARM the Michigan lender has introduced in the last year.

Real Estate Agent 361

Real Estate Agent Realtors Mortgage Appraisal 361

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 387

Mortgage Loan Officers Finance Investors 387

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. Overall, mortgage applications fell last week by 8.8% from one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

Buyers 348

Buyers Mortgage Marketing Inventory 348

Housing Wire

OCTOBER 12, 2021

Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall rose by 1.5% in September, the highest level since May.

Government 499

Government Mortgage Investors Buyers 499

Housing Wire

MAY 11, 2021

Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which uses 100 as a benchmark — increased to 128.1 last month.

Mortgage 501

Mortgage Lending Housing Market Government 501

Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. Later that year, the wholesale lender provided temporary rate buydowns for jumbo loans , and expanded options to 3-2-1 and 1-1 buydowns.

Appraisal 376

Appraisal Real Estate Agent Sellers Government 376

Housing Wire

JULY 15, 2021

Mortgage credit availability dipped 8.5% in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. “Mortgage credit has not recovered since the sharp downturn in the first half of 2020,” Kan said. he said. .

Mortgage 454

Mortgage Government Inventory Lending 454

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 471

Buyers Mortgage Real Estate Agent Contracts 471

Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. Total loan volume fell 33% over the same period compared to a year ago. ““The and 10.4%, respectively. and 10.4%, respectively.

Mortgage 331

Mortgage Marketing Buyers Finance 331

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA).

Government 382

Government Mortgage Housing Market Retail 382

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 348

Loan Officers Clients Mortgage Construction 348

Housing Wire

OCTOBER 6, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. For jumbo loans, it went from 6.01% to 6.14% in the same period.

Mortgage 353

Mortgage Marketing Loan Officers Retail 353

Housing Wire

DECEMBER 13, 2023

mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. FHA rates were at 6.759% and rates for jumbo loans were even higher, at 7.333%.

Government 367

Government Mortgage Clients Investing 367

Housing Wire

FEBRUARY 28, 2024

California is home to roughly 39 million people, making it by far the nation’s most populous state. of its occupied homes were owner-occupied, the third lowest percentage in the U.S. Landing a California home is hard and expensive – especially in San Diego. Mortgage With fewer listings come fewer home sales.

Marketing 404

Marketing Mortgage Realty Brokerage 404

Housing Wire

DECEMBER 10, 2021

Mortgage credit availability dropped in November, despite improvements in the labor market, according to a report released Friday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall fell by 0.6% The post Mortgage credit availability declines in November appeared first on HousingWire.

Mortgage 384

Mortgage Government Inventory Investing 384

Housing Wire

JUNE 10, 2021

Mortgage credit availability increased by 1.4% in May – a sign that volume-hungry lenders continued to loosen credit standards in a highly competitive market, according to Thursday data from the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index (MCAI) which uses 100 as a benchmark — increased to 129.9

Mortgage 460

Mortgage Government Lending Housing Market 460

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency loans. Jumbo products. Acra Lending is doing what it can to help free up inventory.

Housing Market 427

Housing Market Marketing Inventory Lending 427

Housing Wire

SEPTEMBER 21, 2020

The housing and mortgage markets have been the rare bright spots in an otherwise fragile economy brought forth by the ongoing COVID-19 pandemic. Mortgage origination volume this year is on track to be the highest in more than 15 years, led by a strong wave of refinances. Just how busy have lenders been?

Government 541

Government Mortgage Marketing Housing Market 541

Housing Wire

FEBRUARY 28, 2024

Higher interest rates in recent weeks have made a dent in housing activity, bringing down mortgage demand. Mortgage applications decreased by 5.6% 23, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. However, mortgage rates above 7% sure don’t help.” the previous week.

Mortgage 338

Mortgage Retail Inventory Marketing 338

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. VA loans are 12% of the mortgage market,” Garg said. “VA

Loan Officers 331

Loan Officers Finance Mortgage Lending 331

Housing Wire

DECEMBER 21, 2022

United Wholesale Mortgage (UWM) has expanded temporary buydown options for jumbo loans at a time when mortgage rates are still high and borrowers have increased negotiating power. The other option is to lower their mortgage rate by 1% during the first year with a 1-0 buydown, the firm said Wednesday.

Sellers 332

Sellers Real Estate Agent Mortgage Real Estate 332

Housing Wire

OCTOBER 1, 2021

PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels. According to PennyMac, for a one-unit property a borrower could receive $625,000, an increase of almost $75,000 from the maximum loan limit dictated by the Federal Housing Finance Agency (FHFA).

Finance 454

Finance Lending Mortgage Marketing 454

Housing Wire

AUGUST 12, 2021

Mortgage credit availability increased marginally in July following a big downturn in June , according to a report released by the the Mortgage Bankers Association on Thursday. The MBA Mortgage Credit Availability Index overall rose by 0.3% Mortgage credit availability largely jumped on the strength of jumbo mortgages.

Mortgage 395

Mortgage Government Investors Investing 395