Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S. bond yields hit their highest level since 2008. million, according to its latest report.

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Buyers Inventory Realtors Housing Market 308

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right. .

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Mortgage Clients Retail Marketing 361

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Million — [Tampa, Florida].

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Mortgage Marketing Finance Insurance 384

Housing Wire

OCTOBER 4, 2022

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. billion in title insurance premium volume, only slightly down from the $6.54 billion in 2022.

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Marketing Insurance Real Estate Housing Market 388

Housing Wire

SEPTEMBER 22, 2022

The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008. The decision was expected by most Fed observers , and comes as mortgage lenders and real estate brokerages struggle to adjust to a Fed-driven slowdown of the housing market. .

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Real Estate Housing Market Mortgage Brokerage 320

Housing Wire

MARCH 15, 2023

One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. Both expire in December 2023.

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Insurance Investors Real Estate Mortgage 331

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. How the National Flood Insurance Program’s recent extension provides stability for the housing market.

Mortgage 425

Mortgage Investors Technology Housing Market 425

Housing Wire

OCTOBER 15, 2020

Along with the rest of the economy, the housing market has been dealing with the fallout of a global pandemic, leading to an uncertain “new norm.” ” In a HousingWire panel on Tuesday, Rohit Gupta, CEO and president of Genworth Mortgage Insurance , and Tom Wind, executive vice president of consumer lending at U.S.

Mortgage 386

Mortgage Government Lending Insurance 386

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 365

Mortgage Loan Officers Lending Business 365

Housing Wire

MARCH 14, 2023

Silicon Valley Bank collapsed last week, the biggest bank failure since Washington Mutual in 2008. Department of Treasury , the Fed and the Federal Deposit Insurance Corporation announced the approval of interventions in Silicon Valley Bank and Signature Bank. A liquidity crisis hit American banks amid a deposit run.

Transportation 338

Transportation Housing Market Insurance Lending 338

Housing Wire

DECEMBER 2, 2020

FHA’s mission is to support low-to-moderate income borrowers, so why does the law permit FHA to insure mortgages up to $822,375? This is a question for Congress and the taxpayers who stand behind FHA to answer,” said assistant secretary for housing and federal housing commissioner Dana Wade.

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Law Housing Market Insurance Construction 531

Housing Wire

MARCH 29, 2022

In 2022, mortgage rates have risen faster than even most economists were forecasting, with 30-year fixed rates ending last week averaging 4.95%. The rise in rates has exceeded 200 basis points since early 2021, impacting those on the margin more than any other segment of the housing market.

Insurance 370

Insurance Mortgage Housing Market Marketing 370

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). billion — possibly the highest ever recorded and just $15.6

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Insurance Mortgage Housing Market Government 233

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? While the FHA loan allows a borrower to put less money down and doesn’t come with LLPAs, that flexibility comes with a high upfront and annual costs in the form of mortgage insurance premiums (MIP).

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Loan Officers Insurance Mortgage Real Estate Agent 346

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

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Mortgage Loan Officers Finance Investors 390

Housing Wire

OCTOBER 29, 2021

This week’s HW+ spotlight features Mark Jones, co-founder and CEO at Amerifirst Home Mortgage. Jones was also recently installed as vice chairman of the Mortgage Bankers Association for the 2022 membership year. Mark Jones: The 2008 financial crisis. Proud father moment!

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Loan Officers Insurance Business Finance 303

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Insurance Mortgage Clients Lending 333

Housing Wire

APRIL 8, 2022

housing market crashed in 2008. During his two-year tenure, Calabria emphasized releasing Fannie Mae and Freddie Mac from conservatorship, severing their federal connection, and reducing their market relevance and presence. housing market. These are the markers of a public utility.

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Government Lending Finance Housing Market 505

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. residential mortgage-backed securities (RMBS) operations.

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Supply Chain Mortgage Investors Business 361

Housing Wire

JANUARY 12, 2022

Redwood, through its Sequoia Mortgage Trust (SEMT) conduit, brought to the market a total of nine securitization deals in 2021 backed by 4,705 loans valued at nearly $4.2 The first securitization deal of 2022 issued through Redwood’s Sequoia conduit (SEMT 2022-1) involved a loan pool of 751 mortgages valued at $687.2

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Marketing Government Construction Mortgage 395

Housing Wire

NOVEMBER 5, 2020

Fannie Mae announced Wednesday that Sheila Bair, board member and former chair of the Federal Deposit Insurance Corp. She will help chart a course forward for the company while making sure we never forget our mission to support mortgage financing in a safe and sound manner,” Frater said.

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Government Finance Law Insurance 379

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. In recent congressional testimony , Mortgage Bankers Association (MBA) chief economist Mike Fratantoni pointed out that the housing market is now extremely supply challenged.

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Investors Marketing Inventory Real Estate 438

Housing Wire

DECEMBER 20, 2021

has long been a major player in the private-label securitization market, and it sees a looming problem brewing in the housing industry. That issue is about boundaries — specifically, the line drawn between the roles of private industry and the government in the housing market.

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Government Marketing Finance Mortgage 382

Housing Wire

MARCH 14, 2023

For now, however, they say lenders in the adjacent mortgage banking market should take some prudent steps to guard against the worst of the downside risk — zeroing in on bank-sponsored warehouse lines utilized by independent mortgage banks (IMBs). CHLA serves small and mid-sized independent mortgage banks.

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Investing Mortgage Sellers Marketing 349

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways.

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Housing Market Real Estate Marketing Buyers 36

Lamacchia Realty

JANUARY 31, 2024

This is in spite of a decrease in new listings, and overall homes listed were at their lowest level since 2008 in South Florida. One of the main culprits here is condos as stricter regulations and increased insurance premiums are creating challenges for current owners, so condos are being listed faster than they are going under agreement.

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Inventory Real Estate New Listings Realty 60

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Get a free home valuation for your house and trends in your neighborhood.

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Housing Market Marketing Real Estate Realtors 68

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Reconsideration of Value Appraisal Real Estate Insurance 73

Eppraisal

APRIL 21, 2023

Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA). WaMu's problems were largely based on the evaporation of the secondary market to which it sold mortgage-backed securities.

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Lending Housing Market Marketing Real Estate 28

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. The first quarter of 2023 saw substantial mortgage rate fluctuations, with the 30-year FRM ranging from a low of 6.09% to a high of 6.73%.

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Real Estate Construction Appraisal Inventory 73

D Fritz Appraisals

JULY 7, 2021

Factoring into this decrease is a rise in mortgage interest rates. 2020 and 2021’s low interest rates have driven high amounts of investor activity, causing homes to be bought up in just moments after listing, or even before hitting the market. . We can appraise your home for the most accurate valuation according to the market today.

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Real Estate Appraisal Buyers Investors 136

Housing Wire

DECEMBER 20, 2022

If you look back, the macroeconomic stuff is tied back to the fact that when COVID initially hit it slowed things down even further and this is after we were already trying to catch up from the significant downturn in 2008, so there is so much more demand than there is supply today.

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Supply Chain Construction Inventory Finance 368

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. By purchasing mortgages from lenders, Fannie Mae helps to ensure that there is a steady supply of mortgage funds available to homebuyers.

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Government Housing Market Mortgage Investors 36

McKissock

SEPTEMBER 7, 2021

Additional indicators can be some of the factors that led up to the last market bust; there are plenty of articles online with which to familiarize yourself. Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. F) Rapid changes in residential mortgage interest rates.

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Marketing Real Estate Appraisal Inventory 71

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. This kept appraisers busy. Everyone was buying now.

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Appraisal Inspection Modernization Business 69

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Varies widely around the country. == Mortgage applications decreased 4.6 billion tax fraud scheme.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. in 2007-2008, few appraisers used them. acre property complete with the castle and carriage house is on a riverbank.

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Appraisal Inspection Easement Contracts 52