Housing Wire

MARCH 8, 2024

Lawrence Yun, the chief economist at the National Association of Realtors , said the economy is clearly slowing and the housing crisis grows more acute each month. “The short-term timing of purchase is dependent upon mortgage rates and inventory availability,” he said. Home sales recorded the lowest activity in 2023 in nearly 30 years.

Transportation 446

Transportation Retail Housing Market Construction 446

Housing Wire

DECEMBER 13, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% Financial conditions have eased since the last FOMC meeting on Nov. While conditions have improved, mortgage rates remain high. at its last meeting of the year on Wednesday.

Mortgage 521

Mortgage Sellers Investors Marketing 521

Housing Wire

NOVEMBER 7, 2023

We are more focused than ever on delivering for our customers in a way that aligns with our long-term vision, and we believe we are in a strong position to continue our pace of innovation with speed, scale, and efficiency,” said Nima Ghamsari , head of Blend. The company posted $40.6

Investors 405

Investors Mortgage Business Technology 405

Housing Wire

AUGUST 8, 2023

ClearQC: Access to Clear Capital’s ClearQC rules engine, which includes pre-check rules for completeness and consistency, ClearPhoto AI-driven rules for identifying inconsistencies, and property condition assessment based on photos.

Appraisal 369

Appraisal Valuation Technology Investors 369

Housing Wire

MARCH 16, 2023

Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season. “Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short term.” by mid-week.

Mortgage 383

Mortgage Lending Housing Market Marketing 383

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products.

Loan Officers 414

Loan Officers Clients Mortgage Construction 414

Housing Wire

SEPTEMBER 1, 2023

The terms of the deal were not disclosed. It gives customers access to 95% of their home equity, at a maximum of $500,000, with terms from five to 30 years. The deal is subject to customary closing conditions and regulatory approvals. accelerates. which was rebranded as Rithm Capital.

Loan Officers 395

Loan Officers Investing Technology Mortgage 395

Housing Wire

SEPTEMBER 29, 2020

. “A more favorable view of current business and labor market conditions, coupled with renewed optimism about the short-term outlook, helped spur this month’s rebound in confidence,” said Lynn Franco, the board’s senior director of economic indicators. ” Wells Fargo economists called the confidence jump “impressive.”.

Business 533

Business Marketing Housing Market 533

Housing Wire

FEBRUARY 29, 2024

This combination of economic conditions is favorable for home buying. As a result, long-term housing demand is increasing more significantly in these regions. However, consumers are showing extra sensitivity to changes in mortgage rates in the current cycle, and that’s impacting home sales.”

Contracts 427

Contracts Inventory Realtors New Listings 427

Housing Wire

MAY 11, 2021

Two of the key components are quality and condition. For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Difficult, But Not Impossible.

Valuation 383

Valuation Inspection Renovations Appraisal 383

Housing Wire

JULY 7, 2023

points to 66 as difficult supply and affordability conditions continue to weigh on the housing market, according to Fannie Mae. While most of the HPSI’s six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May. The full index is up 1.2

Housing Market 395

Housing Market Mortgage Marketing 395

Housing Wire

FEBRUARY 22, 2023

Terms of the deal were not announced. “Due to limitations on when and how lenders receive data about property and borrowers, errors and loan conditions aren’t exposed until much later in the process, during processing and underwriting,” the company said. Both companies are privately held.

Mortgage 382

Mortgage Loan Conditions Technology Lending 382

Housing Wire

JANUARY 3, 2024

“To navigate the more challenging market conditions experienced in 2023 and given the cyclical nature of the industry, Pennymac made the difficult, but necessary decision to reduce its workforce,” a spokesperson from Pennymac said in an e-mailed response.

Loan Officers 415

Loan Officers Development Investors Finance 415

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The relative amount of movement fluctuates over time on a seasonal and long-term basis.

Real Estate Agent 414

Real Estate Agent Real Estate Agents Brokerage 414

Housing Wire

JULY 10, 2023

After hitting lows at the beginning of the year for purchase, rate/term refinance, and cash out refinance, each production type continues to creep slowly upward, MCT said. The labor market is gradually moderating, but conditions remain too hot for the Fed’s liking. .”

Mortgage 294

Mortgage Housing Market Marketing Business 294

Housing Wire

JANUARY 25, 2024

In the short term, all eyes are turned toward the meeting of the Federal Open Market Committee (FOMC) next Tuesday and Wednesday. To stay within budget, buyers will have to talk through trade-offs and compromises with a real estate professional who understands local market conditions, Sturtevant said in a statement.

Mortgage 417

Mortgage Inventory Real Estate Housing Market 417

Housing Wire

MARCH 14, 2024

million, with total outstanding debt of $140 million in the form of Blend’s term loan. During the fourth quarter, Blend prepaid $85 million of its term loan balance and amended the maturity date to provide for a one-year extension to 2027, provided we meet certain conditions,” said Amir Jafari, Blend’s head of finance and administration.

Mortgage 417

Mortgage Retail Business Finance 417

Appraisal Buzz

FEBRUARY 28, 2022

“We tend to overestimate the effect of a technology in the short term and underestimate the effect in the long term.” Photos are taken of the property to represent its condition and quality. Today, it’s being trained to provide condition and quality scores from house photos. Need a floor plan and GLA? No problem.

Appraisal 482

Appraisal Inspection Technology Training 482

Housing Wire

DECEMBER 12, 2023

Tuesday’s report showed inflation was a bit stronger than anticipated, but it was boosted by rents and used car prices, both of which have longer-term disinflationary futures in store for them. So, the market has loosened financial conditions a bit already but more needs to happen for housing to get going again.

Real Estate 487

Real Estate Marketing Mortgage 487

Housing Wire

APRIL 5, 2023

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026. The number of loandepot’s board members will be reduced from nine to eight directors in 2024.

Government 361

Government Development Investing Mortgage 361

Appraisal Buzz

OCTOBER 11, 2022

According to the latest analysis from First American Financial, education is one of the main, long-term drivers that are fundamental to housing demand that will gradually position the housing market to rebound from current challenging economic conditions.

Housing Market 195

Housing Market Appraisal Marketing 195

Housing Wire

NOVEMBER 7, 2023

The tightening came amid elevated interest rates and uncertainty in economic conditions. The survey, fielded quarterly by the central bank, asks loan officers about topics such as changes in lending terms as well as household demand for loans. Respondent banks received the survey on Sept. 15, 2023, and responses were due by Oct.

Lending 472

Lending Mortgage Loan Officers Government 472

Housing Wire

MAY 25, 2023

The origination activity will cease effective July 31, 2023, but all outstanding mortgage loans will continue to be serviced in accordance with the terms and conditions of the agreements. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday.

Business 383

Business Mortgage Loan Officers Inventory 383

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”.

Lending 545

Lending Finance Mortgage Investors 545

Housing Wire

AUGUST 8, 2023

Consumers’ increased confidence regarding their personal financial situations was largely offset by greater pessimism toward home-buying conditions, Fannie Mae ’s home purchase sentiment index ( HPSI ) showed. Unsurprisingly, consumers continue to attribute the challenging conditions to high home prices and unfavorable mortgage rates.

Housing Market 370

Housing Market Marketing Mortgage Finance 370

Housing Wire

MARCH 5, 2024

while contextualizes how the Treasury hopes to impact conditions through the newly announced plan. Recipients will be presumptively eligible to spend funds on housing for families earning up to 120% of area median income, as well as projects that meet the terms of other federal housing programs.”

Insurance 468

Insurance Construction Government Design 468

Housing Wire

OCTOBER 27, 2023

That requires real estate professionals to cooperate with each other by sharing pertinent information with competitors regarding the home and about the terms of a potential transaction. The free market establishes broker commission costs based on things like service quality, value for price and market conditions.

Real Estate Agent 462

Real Estate Agent Real Estate Realtors Buyers 462

Housing Wire

AUGUST 3, 2023

Black Knight reported slimmer profits and slowing organic growth in the second quarter, largely due to weaker mortgage volume from clients as well as near-term effects from the proposed merger deal with Intercontinental Exchange (ICE). The company’s profit dropped 61% quarter over quarter to $55.3 million in Q2 2023. million in Q1 2023.

Clients 369

Clients Mortgage Development Marketing 369

Housing Wire

JULY 28, 2023

Meanwhile, consumer expectations are also coming back in line with longer-term trends. The goal, he said, remains to restore price stability, which will “require a period of below-trend growth and some softening of labor market conditions.” Personal income rose 0.3% while spending rose 0.5%.

Marketing 367

Marketing 367

Housing Wire

APRIL 6, 2023

BlackRock Financial Market Advisory will conduct the portfolio sale, which “will aim to minimize the potential for any adverse impact on market functioning by taking into account daily liquidity and trading conditions,” the FDIC said in a statement. Both carried short-term deposit risk against a longer-term investment portfolio.

Insurance 372

Insurance Investing Brokerage Mortgage 372

Housing Wire

AUGUST 10, 2022

In terms of purchase, our market share was essentially flat versus last quarter, but should grow in the back half of the year as our investments in customer acquisition reach higher productivity and more of the purchase transactions start benefiting from our Doma Intelligence technology,” Simkoff said. million up from $23.3

Inventory 383

Inventory Investors Technology Marketing 383

Housing Wire

MARCH 11, 2022

However, Mangiaracina told investors that the non-QM segment of the mortgage market experienced “significant market pressure” beginning in the fourth quarter of 2021, with conditions deteriorating in the first quarter of 2022. ” In total, Impac posted a net profit in the fourth quarter of $3.6

Mortgage 368

Mortgage Finance Market Value Marketing 368

Housing Wire

SEPTEMBER 28, 2023

Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New York State Assembly website.

Law 406

Law Insurance Real Property Tools 406

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California.

Real Estate 454

Real Estate Inventory Sellers Realtors 454

Appraisal Buzz

OCTOBER 12, 2021

We’re all familiar with the term “fixer-upper.” For many different reasons, properties can come on the market in less-than-par condition. ” The terms “entrepreneurial incentive” and “entrepreneurial profit” are typically discussed in terms of investment property, but the principles involved can. .”

Appraisal 195

Appraisal Market Value Sellers Investing 195

Housing Wire

NOVEMBER 1, 2023

A source who received the deck from Splitero provided it to HousingWire on the condition of anonymity. We remain focused on driving capital and financing to the sector, to provide long-term product solutions that benefit both homeowners and investors. Atalaya committed $250 million while Kingsbridge put up $50 million.

Investors 416

Investors Investing Contracts Loan Officers 416

Housing Wire

SEPTEMBER 13, 2023

Realtor.com is dedicated to helping agents grow their business through cyclical market conditions and helping sellers connect with professionals who can help them to meet their goals.” The listing platform recently launched a tool allowing homeowners to see potential short-term rental income estimates through an integration with Airbnb.

Agents 404

Agents Tools Sellers Buyers 404