Housing Wire

OCTOBER 5, 2022

Mortgage applications for the week ending Sept. from the prior week , according to the latest survey from the Mortgage Bankers Association. On an unadjusted basis, the mortgage composite index decreased 14% compared with the previous week. The post Mortgage demand hits lowest level since 1997 appeared first on HousingWire.

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Mortgage Contracts 391

Housing Wire

JUNE 15, 2023

The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their mortgage payments, according to a blog post from CFPB Director Rohit Chopra.

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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.

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Mortgage Contracts Housing Market Marketing 387

Housing Wire

NOVEMBER 22, 2023

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. That is the lowest level since 2006, according to the report. However, this remains 25% under the pre-pandemic levels. million in total.

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Mortgage Finance Technology 361

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.

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Mortgage Loan Officers Retail Lending 342

Appraisal Buzz

JANUARY 17, 2022

PMG, part of the Cherry Creek Mortgage family since 2006, rebrands and becomes Cherry Creek Mortgage. The post Premier Mortgage Rebrands as Cherry Creek Mortgage appeared first on theMReport.com. The post Premier Mortgage Rebrands as Cherry Creek Mortgage appeared first on Appraisal Buzz.

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Mortgage Appraisal 150

Appraisal Buzz

MARCH 9, 2022

Founded in 2006, Edgemac helps investors, originators and other industry participants evaluate loan quality so they can make informed risk management decisions when buying, selling or securitizing mortgages. The post Edgemac Acquired by Incenter for Mortgage Loan Quality Management Technology appeared first on Appraisal Buzz.

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Technology Mortgage Investors Business 221

Eyes on Housing

JANUARY 20, 2022

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR).

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Supply Chain Realtors Inventory Buyers 194

Housing Wire

FEBRUARY 8, 2024

Gorman’s influence extended to Capitol Hill, where he helped craft the Financial Services Regulatory Relief Amendments Act of 2006. His vision also drove the creation of the Nationwide Multistate Licensing System ( NMLS ), which resulted in new mortgage regulations through the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act.

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Law Mortgage 373

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 361

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

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Retail Mortgage Loan Officers Business 348

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.

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Mortgage Marketing Lending Finance 146

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.

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Finance Appraisal Mortgage Marketing 195

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.

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Inventory Housing Market Lending Buyers 450

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan. million to 3.8

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Housing Market Marketing Mortgage Lending 451

Housing Wire

JANUARY 31, 2024

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. Even during the downturn of 2006-2010, this factor only hit a low of 3.84% (2010). Mortgage rates are not likely to return to the 3.0% Chances are, we won’t have to anytime in the next few years.

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Housing Market Marketing Inventory Business 408

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 “The slowdown in housing activity and higher mortgage rates will quickly cut the rate of home-price growth. “Mortgage insurers are forecasting between $1.3

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Mortgage Contracts Insurance Business 319

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.

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Mortgage Loan Officers Retail Business 263

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Business Marketing Real Estate Legal 366

Housing Wire

NOVEMBER 8, 2023

Fannie Mae’s program, which began earlier this year, is part of its ongoing efforts to modernize the valuation component of the mortgage industry. SingleSource has been providing valuation services nationwide since 2000 and nationwide field services and inspection services since 2006.

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Valuation Inspection Modernization Training 315

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.

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Legal Mortgage Law Marketing 421

Housing Wire

SEPTEMBER 12, 2023

New York-based Mortgage Industry Advisory Corporation (MIAC) has agreed to settle with the Securities and Exchange Commission (SEC) over allegations of multiple compliance failures. The investment adviser and analytics firm will pay $100,000, according to the agreement made public on Monday.

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Human Resources Design Investing Business 341

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.

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Investors Law Design Mortgage 325

Appraisal Buzz

MARCH 28, 2022

StanCorp Mortgage Investors (The Standard) has promoted Jesse Levin to second vice president of loan origination. Levin joined StanCorp Mortgage Investors in 2006 as a mortgage loan analyst and has held various roles within loan origination overseeing.

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Investors Business Mortgage Appraisal 195

Housing Wire

AUGUST 10, 2022

Mortgage lender Celebrity Home Loans shut down its correspondent channel and laid off employees on Tuesday. Part of the financial services holding company Celebrity Financial, the Illinois-based Celebrity Home Loans is licensed in 48 states and has reached $21 billion in home loans since 2006, according to its website.

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Retail Lending Mortgage Business 347

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.

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Project Management Real Estate Insurance Mortgage 335

Housing Wire

APRIL 23, 2023

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. The red line is where NAR believes a balanced market is, at six months of supply.

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Inventory Housing Market Marketing New Listings 545

Housing Wire

JANUARY 6, 2021

According to the Mortgage Bankers Association, mortgage origination volume is expected to reach $3.1 trillion, with the largest refinance market since 2003 and the largest home purchase loan market since 2005 and 2006. The post 2020 housing disruption paves the way for years to come appeared first on HousingWire.

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Housing Market Technology Marketing Mortgage 450

Housing Wire

DECEMBER 15, 2022

Terms of the deal for PropertyVal, founded in 2006, were not disclosed. Arcapita said at the time that with “appraisals being a regulatory requirement for mortgages for new home purchases, refinancing, and foreclosures, the $7.5 In August, Class Valuation announced the acquisition of AppraisalTek , a Chandler, Arizona-based AMC.

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Valuation Appraisal Lending Real Estate 369

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., On the bright side, homeowners with mortgages still had $9.3 put more pressure on home prices. In February, it took 33.2%

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Inventory New Listings Housing Market Mortgage 397

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.

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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. million, a gain of 1.1%

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Housing Market Marketing Realtors Mortgage 546

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.

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Finance Real Estate Clients Brokerage 356

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.”.

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Mortgage Clients Training Government 196

Housing Wire

MAY 24, 2023

Simonsen founded Altos Research in 2006. But, Simonsen added that he also uses the mortgage rates tracker page on HousingWire every day. Get the same up-to-date knowledge on the mortgage market as Simonsen by clicking here. In uncertain times, people seek clarity. They are afraid. There is also a broad, national report.

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Real Estate Housing Market Marketing Mortgage 297

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. “When I arrived at Freddie Mac in 2012 he was a long-established major name in mortgage research,” said Donald Layton, who was CEO of Freddie Mac from 2012 to 2018.

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Real Estate Housing Market Insurance Mortgage 448

Housing Wire

DECEMBER 7, 2021

trillion is up an astonishing 32% from the same time last year and nearly 90% higher than the pre-Great Recession peak in 2006,” said Ben Graboske, data and analytics president at Black Knight. Overall, mortgage holders withdrew more than $70 billion in equity in the third quarter, equivalent to just 0.8% “The aggregate total of $9.4

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Inventory Mortgage Marketing 449