Housing Wire

SEPTEMBER 30, 2020

At the Urban Institute, Goodman is also the co-director of its Housing Finance Policy Center, which provides policymakers with data-driven analyses of housing finance policy issues that they can depend on for relevance, accuracy, and independence. and DBRS Inc. Not an HW+ member yet?

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Housing Wire

OCTOBER 9, 2023

A coalition of housing trade groups — including the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) — called on the Federal Reserve to provide market certainty about the Fed’s rate path and its plans for the mortgage-backed securities (MBS) portfolio.

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Housing Wire

FEBRUARY 3, 2023

The past few years in the housing industry have been nothing short of unprecedented. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Steve Kaminski is head of U.S.

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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. The power of policy Much of the jump in owner-occupant buyers can be attributed to a policy enacted by the U.S.

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Housing Wire

JANUARY 27, 2023

As housing prices remain high across the nation, the Biden administration is taking action. The administration announced new actions earlier this week to protect access to housing and make rentals more affordable. According to the White House, roughly 35% of the U.S. The focus will also be put on the multifamily market.

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Housing Wire

FEBRUARY 26, 2021

In this episode, Michael Neal , a senior research associate in the Housing Finance Policy Center at the Urban Institute discusses the history and data behind minority homeownership and housing discrimination. Listen to the full episode here or below and make sure to subscribe to the podcast on iTunes.

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Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Housing Wire

AUGUST 14, 2020

After Fannie Mae and Freddie Mac announced an added 50 basis point fee to all refinances, the housing industry was quick to react. This mistake in policy needs to be reversed immediately.”. The Mortgage Bankers Association also joined together with various members of the housing industry to oppose the move.

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Housing Wire

DECEMBER 7, 2021

The MBS asset sale is not indicative of a change in monetary policy on the part of the Federal Reserve, the announcement of the sale states. They do not represent a change in the stance of monetary policy, and no inference should be drawn about the timing of any change in the stance of monetary policy in the future.”.

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Housing Wire

OCTOBER 5, 2020

A consequential change in decarbonizing housing stock hasn’t been a priority in this pandemic year, but post-pandemic, it is sure to rise in importance. energy consumption used in the residential and commercial sector, the housing industry is front and center in creating solutions to this problem. With nearly 40% of total U.S.

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Housing Wire

APRIL 14, 2022

“It doesn’t make sense to start raising interest rates [to fight inflation] without running off their MBS portfolio,” said Laurie Goodman, vice president for housing finance policy and the founder of the Housing Finance Policy Center at the Urban Institute. in 2009 to 1.9%

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Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

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Housing Wire

AUGUST 2, 2022

The proposal, by Laurie Goodman, the founder of Urban’s housing finance policy center, Ted Tozer, former president of Ginnie Mae , and Alexei Alexandrov, former chief economist at the Federal Housing Finance Agency , would see measures implemented during the pandemic made permanent.

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Housing Wire

MARCH 4, 2024

Between the consolidation of Finance of America Reverse (FAR) and American Advisors Group (AAG), the entrance and exit of Cardinal Financial from the space, the exit of Open Mortgage and more, reverse mortgage origination is looking different this year when compared to last.

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Housing Wire

JULY 27, 2023

“Higher interest rates continue to dampen activity in interest rate-sensitive sectors, such as housing. Rising consumer confidence often leads to greater spending, which could drive more consumers into the housing market.” As a result, the FOMC raised the target policy rate a quarter point in Wednesday’s meeting.

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Housing Wire

NOVEMBER 7, 2023

And yet, it would also undermine the institutions that will need to fill the vacuum, independent mortgage banks, by making it more expensive for banks to provide them financing or a market for their primary asset, mortgage-servicing rights. There is a lot here to unpack, so we’ll take it piece by piece.

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Housing Wire

APRIL 7, 2021

These results are notable considering the sheer speed and impact the pandemic had on the mortgage finance industry. The Flexible Modification, for example, was streamlined so that homeowners can keep their house and begin a different payment plan. In a flash, millions of Americans lost their jobs and incomes.

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Housing Wire

JANUARY 24, 2022

A December report by prepared by Urban Institute ’s Housing Finance Policy Center shows that the private-label market’s share of mortgage securitizations was slightly more than 4% as of October of last year, up from 1.83% in 2012 and fast approaching its post-crisis high of 5% in 2019.

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Housing Wire

FEBRUARY 22, 2024

“If buyers set the compensation for their own brokers directly, some buyer brokers might choose to offer flat fees or hourly rates in lieu of percentage commissions, since the amount of time and effort required by a buyer broker has a weak correlation, if any, to the ultimate sales price of the house.

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? A mortgage rate lockdown freezes the housing market.

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Housing Wire

SEPTEMBER 22, 2022

As the HEA asset class achieves mainstream adoption from traditional financing sources, we will continue to provide creative financing solutions to many thousands of deserving families that cannot qualify for traditional home-finance products like HELOCs [home-equity lines of credit] and cash-out refinance loans.”.

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Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. housing policy, it is being executed in a very complicated manner.

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Housing Wire

DECEMBER 30, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. With rates rising, housing-?nance The event is exclusively for HW+ members, and you can go here to register.

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Housing Wire

OCTOBER 27, 2022

“The 30-year fixed-rate mortgage broke 7% for the first time since April 2002, leading to greater stagnation in the housing market,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Mortgage rates are surging due to a tightening monetary policy to tame inflation. Demand hits 25-year low. The Fed’s next moves .

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Housing Wire

OCTOBER 12, 2020

Some sectors of the housing industry have begun adjusting to the new normal brought on by COVID-19; however, servicers continue to face a number of lingering challenges related to the CARES Act and increasing forbearance numbers. Current call center numbers from the MBA show that for the week ending Sept.

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Housing Wire

MAY 10, 2022

In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. Department of Justice (DOJ) statement released on the case.

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Housing Wire

NOVEMBER 9, 2022

Rising interest rates, sparked by Federal Reserve tightening policies, is the primary cause of the mortgage-finance industry’s pain right now. In September alone, IMBs slashed some 8,200 jobs, a recent Inside Mortgage Finance analysis of U.S. Some 80% of the volume in our industry is done by about 40% of the LOs.

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Housing Wire

DECEMBER 21, 2021

Despite the outsized performance of the private-label market in 2021, compared to the prior post-crisis years, the so-called non-agency sector remains well below the level of market dominance it commanded in 2005 and 2006 — just prior to the housing-industry crash. The appetite for jumbo loans has increased significantly.”.

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Housing Wire

DECEMBER 20, 2021

In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now.

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Housing Wire

FEBRUARY 9, 2021

Very few transactions are similar to buying or selling a home, which involves numerous parties and is centered around an extremely high-priced product. You don’t get do-overs when buying a house, which is why roughly 90% of purchases still involve an agent or broker. Both sellers and buyers have a lot to lose. Emotions run high.

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Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. of the entire mortgage origination volume, up from 18% in Q2 2022, according to data compiled by Inside Mortgage Finance and Urban Institute.

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Housing Wire

AUGUST 2, 2023

Its aggressive inflation-crushing policy extinguished the greatest refi market in history – these days, nearly 90% of residential mortgage originations are purchase loans. For this exercise, I’ll be relying on Inside Mortgage Finance data and looking at origination volume, purchase market share percentage and the lender’s overall mix.

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Empire Appraisal Group

AUGUST 24, 2023

To help answer that question, a personal-finance website, WalletHub, released a comprehensive report on 2023’s Best States to Live In. Shelton Weeks, professor and director of the Lucas Institute for Real Estate Development & Finance, Florida Gulf Coast University. “In points) Performing arts centers per capita*: full weight (~0.93

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Housing Wire

MAY 5, 2022

Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending. Banks also would be able to get credit for community development activities, even if that work occurs outside of their branch footprint. Doing those two things is difficult.”.

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Housing Wire

APRIL 12, 2022

Today’s housing affordability crisis stems largely from a lack of adequate housing supply. This is happening for a variety of reasons, from fallout from the 2008 Great Recession, restrictive local zoning policies and high land costs to labor and supply shortages. Multiplicity of funding creates complexity. In addition, the U.S.

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Housing Wire

JULY 20, 2023

At HousingWire ’s Mortgage Rates Center, data from Optimal Blue shows 30-year fixed rates for jumbos at 6.99% on Wednesday, compared to 6.74% for conforming loans. One of the strengths of our housing finance system is the diversity of business models – banks, nonbanks, REITs as holders of mortgage assets, credit unions, and community banks.

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