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Housing market stays hot into fall with mortgage applications up 6.8%

Housing Wire

According to Mike Fratantoni, chief economist and vice president of research and technology at MBA, 2003 was the last time refinance activity was as high as the $1.75 The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) rose to 3.1% of total applications from 62.8%

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Keller Williams faces three lawsuits tied to its profit-sharing programĀ 

Housing Wire

Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. The following day, Bueker, a former KW agent from 2003 to 2011, filed a similar complaint in the U.S. When an associate agent joins any KW market center, they have to name their sponsor.

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Holiday week sees drop in mortgage applications

Housing Wire

Purchase activities continued to show impressive year-over-year gains, with both the conventional and government segments of the market posting another week of growth,ā€ Kan said. The post Holiday week sees drop in mortgage applications appeared first on HousingWire.

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It hasnā€™t been this hard to get a mortgage in six years

Housing Wire

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. The drop in the availability of credit was ā€œdriven by a reduction in supply from both conventional and government segments of the market,ā€ said Joel Kan, an MBA associate vice president.

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Veros acquires appraisal management company Valligent

Housing Wire

Valligent, founded in 2003 and led by Jeremy McCarty and Jeff Wickham, provides traditional, desktop and hybrid appraisal services to lenders, credit unions and others. Veros also signed an appraisal management services contract with the VA in 2019.

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What MBAā€™s forecast means for mortgage originators

Housing Wire

history next to 2003. Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb. Conclusions ?

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Local Markets: Louisville, Reno and San Diego

Housing Wire

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. However, even Louisvilleā€™s active housing market has slowed down recently. ā€œI According to Ridenour Lindsey, as the market has cooled, she has noticed fewer all-cash offers being made. What happened to the market?ā€™ā€

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