Eyes on Housing

OCTOBER 12, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending October 7th, total mortgage activity declined 2.0% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose six basis points to 6.81%. The FRM has risen 80 basis points over the past month, reaching its highest level since 2006.

Mortgage 183

Mortgage Marketing Lending Finance 183

Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. The country was in the middle of the financial crisis, as the consequences of the deceptive mortgage lending practices from all the years prior came crashing down.

Marketing 432

Marketing Lending Design Government 432

Housing Wire

DECEMBER 15, 2022

To partner with an industry leader like Class Valuation will benefit both our lending and appraisal partners,” Robert Strong, CEO of PropertyVal, said in a statement. Terms of the deal for PropertyVal, founded in 2006, were not disclosed. It’s at least the third acquisition Class Valuation has made this year alone.

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Valuation Appraisal Lending Real Estate 370

Housing Wire

MARCH 6, 2023

Illinois-based mortgage lender Celebrity Home Loans and its parent company Celebrity Financial, Inc. Celebrity’s retail channel, former employees said, was in a tailspin only six months after the company shut down its correspondent lending division. are the target of a class-action-seeking lawsuit. 14, citing multiple sources.

Loan Officers 431

Loan Officers Retail Legal Lending 431

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

Loan Officers 450

Loan Officers Lending Mortgage Housing Market 450

Housing Wire

MARCH 24, 2021

LoanDepot , the nation’s second-largest nonbank retail mortgage lender, struck up a joint-venture with Schell Brothers , a homebuilder based in Delaware. The venture is to be called Henlopen Mortgage , the firms said in a statement this week. Lenders have been keen to sign joint-ventures with homebuilders in recent years.

Supply Chain 259

Supply Chain Retail Lending Mortgage 259

Housing Wire

JUNE 30, 2021

The Freedom Mortgage Wholesale Division offers their clients the industry’s most experienced sales and operational teams to support a full spectrum of products from conventional to government. Freedom Mortgage’s experienced account executives have an average tenure of 8.5 1 VA, FHA and GNMA lender.”.

Mortgage 200

Mortgage Clients Training Government 200

Housing Wire

APRIL 12, 2021

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In Download this case study to find out about the integration process and the results it yielded.

Property Taxes 252

Property Taxes Lending Loan Officers Business 252

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Both these laws paved the way for more responsible lending and a more responsible consumer. Today, we are at 1.25

Law 517

Law Inventory Lending Mortgage 517

Housing Wire

OCTOBER 12, 2020

Due to the loosey-goosey lending standards of the time, many of these delinquent loan holders had little to negative equity. Added to this, the cash-out boom from 2003-2006 meant that many households had little to no nested equity when the crisis hit. Mortgage demand, too, is at an 11-year high.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

MARCH 31, 2022

” The notion that educated homeowners with positive cash flow — who aren’t showing any stress in making their low payments thanks to historically low mortgage rates — would sell at 50%, 60% to 70% off current values and go back to renting, doesn’t seem realistic. Home prices have grown 108.3%

Housing Market 530

Housing Market Inventory Lending Marketing 530

Housing Wire

NOVEMBER 10, 2022

From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. Mortgage rates today are not much higher than they were then. The next major downturn, which started in 2006, saw unit sales fall 10.3% from 2005 to 2006, then another 22.4% from 2006 to 2007 and another 20.9%

Mortgage 473

Mortgage Housing Market Lending Finance 473

Housing Wire

AUGUST 30, 2022

Nor can we ever have a credit sales boom again with lending standards back to normal. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime. Case in point, purchase application data is already below 2008 levels today.

Inventory 384

Inventory New Listings Law Housing Market 384

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). Housing Market Collapse? Nowhere in Sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Lamacchia Realty

APRIL 8, 2024

To learn more about Cristina, click here: Cristina Coppola Jeffrey Harris is a seasoned Residential and Commercial Realtor®️ with a track record spanning back to 2006. Kelly Dimbat has lived in Billerica since 2006 and has been a top producing REALTOR® in Billerica and the surrounding communities for several years.

Realtors 71

Realtors Realty Real Estate Agents 71

Cornerstone

APRIL 30, 2021

This includes getting prequalified for a mortgage early so a buyer is prepared to act before they start hunting. Mortgage lending standards are also much more stringent than they were in the boom of the mid-2000s. The Mortgage Credit Availability Index (MCAI) now sits at 125.4 Not only that, but 17.8

Sellers 66

Sellers Buyers Inventory Loan Officers 66

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. Inventory levels during this time of lockdown protocols start from a much different spot than in 2006.

Housing Market 397

Housing Market Marketing Inventory Lending 397

Clear Capital

OCTOBER 28, 2022

It also featured Allen Middleman, senior vice president at Freedom Mortgage; A.B. men’s olympic basketball team from 2006 to 2010. Brent Nyitray, CFO at Ark Mortgage. Brent Nyitray, the CFO of Ark Mortgage and the author of the Daily Tearsheet. MBA’s second keynote session featured Mike “Coach K” Krzyzewski.

Real Estate 36

Real Estate Lending Sellers Mortgage 36

McKissock

SEPTEMBER 7, 2021

F) Rapid changes in residential mortgage interest rates. G) A common indicator of item (F) above is a decline in the number of mortgage applications. One source of information is Ann O’Rourke, who publishes mortgage application data in her weekly appraisal news email. It was a sign of the beginning of the end of a boom.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. My housing economic mindset really starts from 1996 as mortgage rates are much lower now than in previous decades. Of course, today is a much different story; our demographics are much better, and mortgage rates are lower.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

APRIL 20, 2022

In the first article of this series, I discussed the argument for turning Fannie Mae and Freddie Mac into public utilities, which would result in more Americans having fair access to mortgage services. Without a national market, local supply and demand for mortgages could become unbalanced. million foreclosure filings. housing market.

Housing Market 432

Housing Market Marketing Lending Investing 432

Housing Wire

JULY 18, 2022

The residential mortgage-backed securities (RMBS) market is reeling from an unfavorable interest-rate environment, which is expected to suppress private-label securities offerings for at least the rest of the year, a recent market outlook report concludes. The report focuses on so-called “RMBS 2.0

Marketing 397

Marketing Investors Mortgage Lending 397

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. Home sales.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

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Appraisal Contracts Business Mortgage 52

Housing Wire

AUGUST 1, 2022

And the housing market would likely slow further in the coming months if mortgage rates remain persistently high. in June from the previous month, according to Black Knight ’s monthly mortgage monitor report. percentage points in the housing downturn of 2006, Black Knight said.

Housing Market 384

Housing Market Marketing Inventory Technology 384

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

MARCH 29, 2022

Johnson, whose career with Fannie Mae spans for almost two decades, is currently responsible for leading the mortgage giant’s digital transformation , which includes overseeing Fannie Mae’s technology, data, enterprise models and operations. What are the building blocks of digital lending? Presented by: Wolters Kluwer. Mary’s College.

Government 370

Government Lending Technology Mortgage 370

Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc. Find out why not.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Appraisal Today

OCTOBER 7, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. faces high mortgage rates and an uncertain economy. Mortgage applications decreased 14.2 Mortgage applications decreased 14.2 Lot Size: 0.06

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Appraisal Contracts Architecture Housing Market 52

Housing Wire

FEBRUARY 15, 2022

government, insurance companies and financial institutions as well as asset-backed security issuances and transactions in the private-label residential mortgage-backed securities (MBS) sector. The SEC report also examines market-share information for residential mortgage-backed securities, or MBS. billion — or 68.1% ESG Analysis.

Law 370

Law Mortgage Marketing Design 370

Appraisal Today

DECEMBER 22, 2023

NOTE: Please scroll down to read the other topics in this long blog post on answering your phone, appraiser censorship, bias, how to do graphs, unusual homes, mortgage origination stats, etc. Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. Mortgage applications decreased 1.5

Appraisal 74

Appraisal Business Contracts Real Estate 74

Clear Capital

MARCH 31, 2022

The Fed also indicated that it would like to start reducing its balance sheet, which spooked the mortgage market since those securities would likely be the ones sold off. per year in the decade leading up the residential real estate bubble in 2006. Residential real estate rose at an annualized rate of 10% during the 1970s.

Marketing 69

Marketing Real Estate Investing Government 69

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

DECEMBER 9, 2022

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Lamacchia Realty

DECEMBER 28, 2022

You can infer from the subtitle “ 2023 Will be 1982 all over again” that I’m clearly expecting an early 1980’s scenario, when inflation ran up causing interest rates, including mortgage rates, to spike. But there’s also a lack of sellers because people are reluctant to give up their low mortgage interest rates. That is over 6.5

Sellers 78

Sellers Buyers Real Estate Inventory 78

Appraisal Today

SEPTEMBER 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. Mortgage applications decreased 1.2 Mortgage applications decreased 1.2 The refinance share of mortgage activity decreased to 30.2

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Appraisal Construction Contracts Insurance 52