Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago. Mortgage rates started the week off at 6.61% and ended at 6.66%, so a calm week on the rate front.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. Guild acquired Inlanta Mortgage , expanding its presence in the Midwest.

Retail 384

Retail Mortgage Loan Officers Technology 384

Housing Wire

MAY 2, 2024

Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee. According to a press release, this acquisition gives William Raveis a large market share increase in the Hilton Head and Bluffton areas of Beaufort County. Our business model is unique.

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Realty Insurance Brokerage Agents 262

Housing Wire

OCTOBER 12, 2022

Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). . The mortgage composite index for the week ending Oct. According to Mortgage News Daily, the 30-year fixed rate mortgage on Tuesday was 7.14% on average. two weeks prior.

Mortgage 397

Mortgage Contracts Housing Market Marketing 397

Housing Wire

SEPTEMBER 13, 2022

California-based Point Mortgage Corporation has decided to shut down its wholesale business GoPointDirect and lay off employees to focus on retail lending, a top executive confirmed to HousingWire. . And I believe we went through a reset, the same way we did back in 2006 and 2007. The post Point Mortgage Corp.

Mortgage 370

Mortgage Loan Officers Retail Lending 370

Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. But to understand the stability that the secondary market brought during a world-wide pandemic, you first have to look back at 2008. Think of it as the underdog quickly becoming the hero of the story.

Marketing 432

Marketing Lending Design Government 432

Housing Wire

SEPTEMBER 2, 2020

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. rate for a 30-year fixed mortgage has been under 3% since late July, as measured weekly by Freddie Mac. The average U.S. from last year.

Housing Market 546

Housing Market Marketing Realtors Mortgage 546

Housing Wire

AUGUST 15, 2023

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. Our goal is for you to always be the economist of choice in your local market,” Keller said.

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Agents Marketing Real Estate Housing Market 370

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. As we can see below clearly, the market worsened before the job-loss recession happened.

Housing Market 525

Housing Market Marketing Inventory Realtors 525

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners. Among 75 U.S.

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Renovations Inventory Marketing Property Taxes 543

Housing Wire

SEPTEMBER 26, 2023

“This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare. ”

Inventory 458

Inventory Housing Market Lending Buyers 458

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 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

Marketing 409

Marketing Investing Investors Real Estate 409

Housing Wire

FEBRUARY 14, 2023

Six months after shutting down its correspondent lending division, Illinois-based mortgage company Celebrity Home Loans ‘ bread-and-butter retail channel is also at risk, multiple sources told HousingWire. Data from mortgage recruiting platform Modex shows that the company originated $5.5

Retail 370

Retail Mortgage Loan Officers Business 370

Housing Wire

JULY 17, 2023

Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. “Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. Mozilo was president of the Mortgage Bankers Association (MBA) in 1991-1992.

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Lending Mortgage Business Government 370

Housing Wire

MARCH 28, 2022

As lenders adapt to a purchase-centered market , HousingWire spoke to Brian Boero, CEO of 1000watt , about opportunities to grow lenders’ effectiveness in the Realtor and broker market. That’s nearly 200,000 above the previous peak in 2006. Much of the marketing we see from lenders doesn’t seem to get this fully.

Realtors 370

Realtors Real Estate Agent Marketing Advertising 370

Housing Wire

OCTOBER 25, 2022

Recession is coming, according to the Mortgage Bankers Association. . The economic dislocation will bring mortgage originations down to $2.05 Many local markets will see home-price declines, even if national price measures remain largely unchanged. “Mortgage insurers are forecasting between $1.3 trillion and $1.7

Mortgage 369

Mortgage Contracts Insurance Business 369

Housing Wire

FEBRUARY 8, 2024

housing credit looks very different than in 2005, 2006, 2007 or 2008. Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. The truth is, U.S.

Legal 482

Legal Mortgage Law Marketing 482

Housing Wire

MARCH 1, 2021

By late spring of 2020, the loan pipeline at Princeton Mortgage was full. It wasn’t so long ago that mortgage lenders were on top of the world. By the height of the bubble, the industry’s ranks had swelled to about 500,000 workers, according to the Mortgage Bankers Association. And CEO Rich Weidel’s staff was absolutely slammed.

Mortgage 330

Mortgage Loan Officers Retail Business 330

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In total, 39 of the 50 largest markets saw home prices increase on an adjusted basis in February. In February, it took 33.2%

Inventory 397

Inventory New Listings Housing Market Mortgage 397

Appraisal Buzz

APRIL 19, 2024

VantageScore, a proven alternative credit model that has been gaining market share since 2006, offers distinct advantages over traditional models, including more consistent scoring and the ability to score an additional 33 million consumers.

Finance 195

Finance Appraisal Mortgage Marketing 195

Housing Wire

JANUARY 6, 2021

While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond. According to the Mortgage Bankers Association, mortgage origination volume is expected to reach $3.1

Housing Market 450

Housing Market Technology Marketing Mortgage 450

Housing Wire

MAY 24, 2023

At HousingWire Annual 2023, we aren’t vibe-checking the housing market. Register today to catch Simonsen on stage as he answers the question, “How’s the market?” Simonsen will give an inside look at the national data behind the current housing market using Altos Research’s Market Action Index. They are afraid.

Real Estate 364

Real Estate Housing Market Marketing Mortgage 364

Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022.

Housing Market 410

Housing Market Sellers Marketing New Listings 410

Housing Wire

JANUARY 11, 2023

And this year’s list will be even more robust as the nomination categories have been separated into both mortgage and real estate to welcome a broader pool of nominees. Since joining Fannie Mae in 2006, Halley has proven her ability to lead, taking over as executive vice president and chief financial officer in 2021.

Finance 408

Finance Real Estate Clients Brokerage 408

Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association announced Thursday it promoted Joel Kan to vice president, deputy chief economist. Kan has worked at the association since 2006, rising from survey specialist to associate vice president of economic and industry forecasting in 2015.

Project Management 403

Project Management Real Estate Insurance Mortgage 403

Housing Wire

AUGUST 10, 2022

Mortgage lender Celebrity Home Loans shut down its correspondent channel and laid off employees on Tuesday. Amid a market downturn, the company has decided to focus on the retail lending business. “As With the strategy of acquiring mortgage companies, Celebrity reached 29 different brands. Celebrity is the latest example.

Retail 370

Retail Lending Mortgage Business 370

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. In the mortgage space, UBS has plans to wind down a business in its U.S. mortgage unit that focuses on “to-be-announced” (TBA) trading.

Investors 369

Investors Law Design Mortgage 369

Housing Wire

DECEMBER 15, 2022

We are a regional AMC with a strong network across New England, but our stronghold has been in the Maine and New Hampshire markets. Terms of the deal for PropertyVal, founded in 2006, were not disclosed. billion real estate appraisal services market has cumulatively grown by 32% since 2008.”.

Valuation 370

Valuation Appraisal Lending Real Estate 370

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.”

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

Inventory 441

Inventory Housing Market Realtors Marketing 441

Housing Wire

APRIL 7, 2023

Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized. percent, the U.S.

Housing Market 543

Housing Market Marketing Mortgage Retail 543

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Nothaft was well-liked by fellow economists studying the housing market, as well as his colleagues, who described him as straightforward and prizing accuracy.

Real Estate 450

Real Estate Housing Market Insurance Mortgage 450

Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Even the crazy market we had in 2005 and 2006, it was nothing like this. Combined with interest rates that began around 2.5%

Housing Market 421

Housing Market Real Estate Agent Marketing Realtors 421

Housing Wire

SEPTEMBER 29, 2021

“Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”.

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Contracts Inventory Housing Market Marketing 421

Housing Wire

FEBRUARY 17, 2023

Mike Simonsen, president of Altos Research , will share his data-focused insights on the housing market at Gathering of Eagles 2023. Simonsen founded Altos Research in 2006. The information in an Altos Market Report ranges from median home price to days on the market and the percent of price decreases.

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Sellers Housing Market Real Estate Agents 395