Housing Wire

SEPTEMBER 28, 2023

The serious delinquency rate was 1%, a 23-year low. The rate for early-stage delinquencies was 1.3% The rate for early-stage delinquencies was 1.3% For adverse delinquency, the rate was 0.4%. All three rates were either unchanged from July 2022 or down slightly. The transition rate was 0.7%, unchanged from July 2022.

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Mortgage Inventory Finance 409

Housing Wire

FEBRUARY 12, 2024

The series of lawsuits that have been shaking the real estate industry for the past several months have all revolved around the same issue: Realtor commissions. Listing agents tend to receive commissions ranging from 1% to 4%, with an average of 2.83%, according to Clever.

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Real Estate Agent Realtors Real Estate Brokerage 396

Housing Wire

JANUARY 10, 2024

Enterprise Community Partners announced on Wednesday the appointment of Kari Downes to the position of president at its housing credit investments business, effective April 1. Downes, who currently serves as Enterprise Housing Credit Investments EVP, will succeed current president Scott Hoekman who has spent the past 30 years at Enterprise.

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Investing Development Investors Finance 374

Appraisal Buzz

APRIL 1, 2024

Early-stage delinquencies – 30 to 59 days past due – were at a rate of 1.4%, up from 1.3% Mortgages 60 to 89 days past due represented 0.5% Serious delinquencies – 90 days or more past due, including loans in foreclosure – represented 1% of all loans, down from 1.2% in January 2023. of all loans, up from 0.4%

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Housing Wire

MARCH 29, 2024

Rocket has gone through other major leadership changes in the past year, with the most recent being the departure of Tim Birkmeier , president of Rocket Mortgage. Birkmeier announced his retirement from Rocket this month, ending a nearly 28-year stint. Rocket has been also been adding board members.

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Technology Clients Mortgage Business 362

Housing Wire

DECEMBER 11, 2023

Over the past two years these agents have collectively sold nearly $1 billion in sales volume, the company said in the release. Since launching in October, the brokerage said it has signed on 40 new agents in San Francisco and Los Angeles to the Redfin Next program.

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Marketing Agents Brokerage Real Estate 405

Housing Wire

AUGUST 8, 2023

Product Fast Facts #1 If you have 1,000 past clients, 100 of them buy and sell every year – of those, 81 will close their next loan with your competitor. #2 Traditional lead-gen costs $3500 per funded loan to get new business, while MonitorBase helps the average originators close an extra deal or more each month for less than $150.

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Clients Business 336

Housing Wire

JANUARY 30, 2024

is issuing $1 billion in senior notes. Other mortgage companies have raised debt over the past six months, including Freedom Mortgage , PennyMac Mortgage Investment Trust and Pennymac Financial Services. “It 1 since it’s subject to customary closing conditions. The transaction is expected to close around Feb.

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Investors Mortgage Investing Business 324

George Dell

JUNE 8, 2022

1) We will raise the standards (“cost of entry”). In past issues of the Analogue […]. How can we fix the excess of appraisers? Easy — we do what we have always done, each time. 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers.

Appraisal 366

Appraisal 366

Housing Wire

FEBRUARY 12, 2024

Meanwhile, loan volume in the fourth quarter was up by 1% year over year, a significant increase from the annualized decline of 65% in Q4 2022. While the pace of recovery in 2024 is still uncertain, our data indicates we’re past the worst of the current market cycle.”

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Bracketing Mortgage Lending Inventory 451

Housing Wire

DECEMBER 15, 2023

1, 2024, on Thursday. Over the past three years, the iBuying giant has struggled with its financial performance, riding out the highs and lows of the COVID-19 pandemic housing market. Opendoor founder Eric Wu is leaving the iBuying giant, according to a document filed with the Securities and Exchange Commission on Friday.

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Housing Market Marketing Real Estate 406

Housing Wire

NOVEMBER 1, 2023

Fannie Mae also adds to a change implemented to the Selling Guide this past May, where the GSE updated its shared appreciation policy to match industry best practices. 1, 2024. It also clarifies what portion of shared appreciation proceeds must be applied against the first mortgage loan,” the update states.

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Contracts Training Sellers Mortgage 424

Housing Wire

JANUARY 9, 2024

A couple I previously profiled] considered a Home Equity Conversion Mortgage (HECM), also called a reverse mortgage, which can provide: 1. This is where a reverse mortgage could become a viable option for certain retirees, he explained. “[A Additional cash income to pay for things like LTC premiums or other costs, and 2.

Mortgage 505

Mortgage Insurance Finance Clients 505

Housing Wire

MARCH 13, 2024

Using a 1-10 scale, the portal displays current risk factors for a property as well as the expected change for each risk in 15 and 30 years, the length of a typical mortgage. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S.

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Tools Insurance Home Value Technology 422

Housing Wire

NOVEMBER 28, 2023

Moreover, for the first time, the federal government backed mortgages north of $1 million. New conforming limits also reignite further debate about whether the government should be backing mortgages as high as $1 million. Over the past seven years, the baseline loan limit for Fannie and Freddie-backed mortgages has risen by $342,450.

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Finance Government Law Mortgage 532

Housing Wire

JANUARY 2, 2024

While slowing rent growth is welcome news for tenants, affordability has suffered over the past few years, with median single-family rents increasing by about $500 nationally since February 2020,” Molly Boesel, principal economist for CoreLogic, said in a statement. and -1%, respectively. Meanwhile, St.

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Tenants Housing Market Finance Real Estate 425

Housing Wire

MARCH 7, 2024

Home price growth over the past year helped lift the equity of homeowners who were underwater due to price declines in 2022, meaning their mortgage debt exceeded the value of their properties. from the previous quarter to 1 million homes, or 1.8% of all mortgaged properties.

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Mortgage Real Estate 453

Housing Wire

NOVEMBER 9, 2023

1 to support the transition. “I am thankful for the opportunity to contribute across eXp World Holdings over the past five years,” Whiteside said in the statement. Meanwhile, Whiteside, who was CFO for five years, will stay at the company until Dec.

Realty 349

Realty Brokerage Real Estate Agents 349

Housing Wire

APRIL 24, 2024

Middleman believes that the current vintage mortgages, which lenders have originated over the past four or five years, ”might be the best credit that ever existed.” Amid a challenging environment, Freedom has kept its cost structure low and has acquired loans to increase its servicing portfolio. compared to the previous year.

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Mortgage Business Finance Investing 400

Housing Wire

NOVEMBER 29, 2023

Over the past six weeks, mortgage rates have fallen by more than 50 basis points. However, it was 1% higher than the same week a year ago. Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov. 22, falling 15 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. the previous week.

Mortgage 389

Mortgage Marketing 389

Housing Wire

DECEMBER 12, 2023

The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. The MLS trade group said the new directors will assume their roles starting Jan. All four executives will serve one-year terms.

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Real Estate Agent Real Estate Agents Government 377

Housing Wire

FEBRUARY 21, 2024

We believe our past experience investing in the mortgage industry previously enabled us to move quickly and provide certainty of closing.” The firm says it has more than $1 billion of commitments currently under management.

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Investing Finance Mortgage Marketing 327

Housing Wire

AUGUST 23, 2023

Over the past two years, properties he’s sold ranged in price from $1 million to $35 million, according to Realtor.com. The 15-year industry veteran is known for his connections to the tech and private equity sectors and boasts a track record of noteworthy transactions.

Real Estate 309

Real Estate Realtors Agents Marketing 309

Appraisal Buzz

JULY 13, 2021

delinquency and transition rates, and their year-over-year changes, were as follows: Early-Stage Delinquencies (30 to 59 days past due): 1%, The post CoreLogic: Mortgage Delinquency Rate at Lowest Level in a Year appeared first on Appraisal Buzz. This month’s overall delinquency marks the lowest rate in a year, the company says.

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Mortgage Appraisal 370

Housing Wire

JANUARY 25, 2024

1, 2024,” the statement read. “We over the past 15 years, but building in Moderate FHSZ areas has nearly doubled since 2008. In a statement, The Hartford said that the “unique challenges” presented by California’s homeowners insurance environment led it to “reconsider the viability of writing new homeowners’ business in the state.”

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Insurance Business Marketing Housing Market 464

Housing Wire

NOVEMBER 29, 2022

The federal government, through government sponsored enterprises Fannie Mae and Freddie Mac , for the first time ever will also back mortgage loans north of $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas at $1,089,300 — or 150% of $726,200.

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Government Mortgage Finance Law 370

Housing Wire

FEBRUARY 27, 2024

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. Even though the firm reported a 1% annual decline in revenue during Q4 2023 to roughly $1.1 billion, its net loss of $83.8

Agents 362

Agents Brokerage Buyers Training 362

Housing Wire

AUGUST 22, 2023

1 spot in Georgia in the 2023 RealTrends America’s Best Rankings. In 2022, she closed 263 transaction sides and was responsible for $191.421 million in sales volume, milestones that pushed her to the No.1

Agents 363

Agents Real Estate Clients Business 363

Housing Wire

JANUARY 29, 2024

The 2019 event inspired the selection of the 2023 venue as Nashville once again hosted NRMLA this past October. 1 state for business. The next two annual meetings were restricted to a virtual format due to the COVID-19 pandemic, before the return to an in-person format for the 2022 edition in Atlanta.

Mortgage 382

Mortgage Development Business 382

Housing Wire

AUGUST 28, 2023

She ranked among the top 1% of Chicago Realtors in 2017 and is also a past president of the Women’s Council of Realtors. “I’m excited to be working alongside the top real estate agents in Chicago and look forward to tapping into the Compass tools that are proven to scale agent business,” Hodge said in a statement.

Real Estate Agent 335

Real Estate Agent Agents Realtors Brokerage 335

Housing Wire

MARCH 11, 2024

We have taken massive strides this past year toward nationwide acceptance of RON and eNotary services,” Brian Webster, the president of NotaryCam, said in a statement. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%. “We

Law 388

Law Real Estate Sellers Investors 388

Housing Wire

JANUARY 22, 2024

After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when compared with recent years past. Reduced volume, a challenging mortgage rate environment and industry consolidation has contributed to some of the broader changes.

Mortgage 406

Mortgage Finance Business Marketing 406

Housing Wire

JULY 17, 2023

The world of real estate brokerage mergers and acquisitions has been turned on its head in the past 12 months. That’s a far cry from the 50-75% that some buyers are said to have given in the past. Buyers and sellers alike must learn to navigate these uncharted waters. Cash up front isn’t a gamble they are largely willing to make.

Real Estate 347

Real Estate Buyers Sellers Brokerage 347

Housing Wire

SEPTEMBER 16, 2023

Now that we have gotten past Labor Day and the start of school, we can keep an eye on whether we have a new trend up or down in the new listings data. 1: 60,004 Sept. Purchase application data Purchase application data was 1% higher last week, making the year-to-date count 16 positive , 18 negative prints and one flat week.

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Inventory New Listings Housing Market Mortgage 479

Housing Wire

OCTOBER 4, 2021

In several previous articles I have opined that an increase in mortgage rates may be our only hope for slowing the escalation of home prices that we’ve been experiencing for the past year. Start an HW+ Membership now for less than $1 a day. We need the days on market to grow out of the teenager stage.

Mortgage 525

Mortgage Housing Market Marketing 525

Housing Wire

JULY 7, 2021

” Kan said the 30-year fixed rate was 11 basis points lower than the same week a year ago, and refinance applications have trended lower than 2020 levels for the past four months. On an unadjusted basis, the market composite index decreased 1% compared with the previous week. It has most acutely affected first-time homebuyers.

Mortgage 454

Mortgage Contracts Marketing 454

Housing Wire

MAY 16, 2022

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). During the past 22 months, MBA data revealed that 29.3%

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Mortgage Marketing 415