Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

Investors 438

Investors Marketing Inventory Real Estate 438

Housing Wire

MARCH 13, 2023

Following the collapse of Silicon Valley Bank last week, the biggest bank failure since Washington Mutual in 2008, two other American banks with significant roles in the housing industry were hit by a deposit run. Signature Bank closed its doors on Sunday, the same day First Republic Bank announced fresh access to capital to fund operations.

Mortgage 357

Mortgage Marketing Insurance Real Estate 357

Housing Wire

JANUARY 12, 2022

The Federal Housing Finance Agency ’s announcement last week that it will hike upfront fees for high-balance and second-home loans effective April 1 will provide a boost for the private-label securities market, according to executives at one of the leading sponsors of private-label securities. billion, bond-rating agency records show.

Marketing 395

Marketing Government Construction Mortgage 395

Housing Wire

MARCH 10, 2023

This report is important to independent mortgage banks (like Atlantic Bay Mortgage ) that are increasingly dominating mortgage markets and leading the market in serving minority and underserved borrowers. Another 2008? Could this be another 2008? But the biggest myth of all is that IMBs are unregulated. Harmless myths?

Mortgage 343

Mortgage Business Insurance Marketing 343

Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. IMBs and other nonbanks have followed banks into these once redlined and overlooked markets, benefiting in many instances from a CRA-driven financial infrastructure. They stepped into the void created as some large banks retreated from the mortgage market.

Lending 441

Lending Development Government Finance 441

Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

Insurance 424

Insurance Finance Government Mortgage 424

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. So far, it appears the Biden administration understands this. If the U.S.

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Government Lending Finance Housing Market 505

Housing Wire

JUNE 27, 2022

Market conditions have forced countless LOs, including Dicker, to find creative solutions to lock down home purchases for clients whose purchasing power has diminished greatly in the past six months. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. And he’s far from alone.

Housing Market 415

Housing Market Marketing Brokerage Real Estate 415

Housing Wire

OCTOBER 25, 2021

“Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. The key to implementing non-QM products.

Law 420

Law Lending Insurance Mortgage 420

Housing Wire

FEBRUARY 14, 2024

Since the Federal Deposit Insurance Corporation (FDIC) insures only up $250,000, the banks’ wealthier customers panicked and demanded all of their money immediately. 1, the company had lost 45% of its market value. Trouble at NYCB New York Community Bank released its earnings on Jan. By the end of Feb.

Mortgage 388

Mortgage Real Estate Insurance Tenants 388

Housing Wire

NOVEMBER 28, 2022

The concern about nonbanks began following the Great Recession of 2008 and became exacerbated in the Obama administration as policymakers saw the rapid rise in market domination of the IMB (independent mortgage banker) and the similar de-emphasis of lending from the banking sector, especially in the Ginnie Mae programs.

Lending 336

Lending Mortgage Insurance Investors 336

Housing Wire

DECEMBER 2, 2020

1 spot among mortgage lenders, they decried that their “Rocket Mortgage” was a marketing ploy, with a sort of sneaker net of traditional processes behind it. Sure, new online lending operations like SoFi, Better and a handful of others are taking advantage of their lack of traditional infrastructure. Meanwhile, the industry scrambled.

Mortgage 331

Mortgage Lending Technology Modernization 331

Housing Wire

JULY 28, 2021

In an alarming move, Ginnie Mae has unleashed a plan that, if implemented, will significantly alter the mortgage markets and raise costs on loans that the majority of first-time homebuyers and minority homebuyers depend on. Countrywide led the market in adverse selection and poor lending practices. There is simply no comparison.

Insurance 404

Insurance Lending Mortgage Investors 404

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. California is the country’s most prominent market for jumbo loans.

Insurance 333

Insurance Mortgage Clients Lending 333

Housing Wire

SEPTEMBER 23, 2022

As bank regulators conduct a major CRA rulemaking, an honest assessment of CRA is that it has not been effective when it comes to bank mortgage lending. Instead, there are more effective ways to increase mortgage lending to underserved and minority borrowers. So why would we extend it to IMBs? CRA has not made a difference.

Lending 328

Lending Mortgage Insurance Finance 328

Housing Wire

MARCH 14, 2023

The labor market is still proving to be surprisingly resilient in the face of eight rate hikes over the past year. Silicon Valley Bank collapsed last week, the biggest bank failure since Washington Mutual in 2008. The current uncertainty brings an upside to the housing market: mortgage rates are in a downward trend.

Transportation 338

Transportation Housing Market Insurance Lending 338

Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). Signature’s closure followed Silicon Valley Bank ’s collapse on Friday, the biggest bank failure since Washington Mutual in 2008.

Insurance 331

Insurance Investors Real Estate Mortgage 331

Housing Wire

MARCH 15, 2023

A potential pause on the Federal Reserve’s federal funds rate hikes may bring borrowers on the sidelines back to the market, as mortgage rates could fall even further. “While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.” ”

Mortgage 361

Mortgage Clients Retail Marketing 361

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

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). The same report revealed FHA had amassed capital reserves in the amount of $78.9

Insurance 233

Insurance Mortgage Housing Market Government 233

Housing Wire

JUNE 1, 2023

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). “They haven’t forgotten what they did in 2008, where basically, everybody could get a loan and they’re not doing that again.

Loan Officers 346

Loan Officers Insurance Mortgage Real Estate Agent 346

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. Of course, if I had to go back and pick a point in time that really changed mortgage data, it was the 2008 mortgage crisis and the regulations that followed.

Technology 401

Technology Loan Officers Lending Business 401

Housing Wire

MAY 21, 2021

Since the 2008 housing crisis, banks have increasingly resorted to mortgage credit overlays, in order to focus on higher income borrowers so that they can cross sell other bank products. CRA is designed to prevent banks from diverting funds OUT of a community where they take deposits in order to lend in other communities.

Lending 311

Lending Mortgage Design Insurance 311

Housing Wire

AUGUST 20, 2021

5000 since HousingWire’s earliest days (check out the HW’s 2008 Inc. These 180 firms grabbed market share, created new business models and recruited talent without ever looking back. 5000 winners took a close look at all recognized companies in the single-family housing sector with a focus on mortgage and real estate sales markets.

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. . Marginal reductions .

Mortgage 365

Mortgage Loan Officers Lending Business 365

Housing Wire

MARCH 14, 2023

The bank failures set off panic in markets globally and prompted a flight to safe investments , like U.S. The impact of the failures is still being assessed by the markets. billion in non-marketable equity securities. billion in assets) and Signature Bank ($110 billion in assets). billion, including $57.7

Investing 349

Investing Mortgage Sellers Marketing 349

Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. 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).

Lending 28

Lending Housing Market Marketing Real Estate 28

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. That concern is overblown, according to several market experts.

Supply Chain 361

Supply Chain Mortgage Investors Business 361

Housing Wire

MAY 6, 2024

During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view. From the moment an owner decides to put a house on the market, they draw into that event a series of people and services, beginning with the professionals they may hire to make repairs before even putting the house on the market.

Real Estate Agent 310

Real Estate Agent Real Estate Project Management Agents 310

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. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 390

Mortgage Loan Officers Finance Investors 390

McKissock

SEPTEMBER 7, 2021

Following the pandemic, we are experiencing a surging real estate market, which begs the question: Is there a market correction on its way? Some market watchers are predicting that when it does happen, it will not be as severe as the last one, while others anticipate something of similar degree or even worse.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Appraisal Today

MAY 10, 2024

NOTE: Please scroll down to read the other topics in this long blog post on staying positive with slow business, economic analysis for appraisers, current real estate market, unusual homes, mortgage origination stats, etc. == $14M Castle on 40 Acres in Wyoming Excerpts: 5 bedrooms, 5.5+ baths, 9,470 sq.ft., 40 acre lot, built in 1992.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

McKissock

MAY 30, 2023

From the ongoing debt ceiling debate to employment trends, inflation concerns, fluctuating interest rates, and the state of the commercial real estate market, it is important to understand the implications of these factors on the overall economy. The Market Composite Index, measuring overall mortgage loan application volume, fell 4.6%

Real Estate 73

Real Estate Construction Appraisal Inventory 73

Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. Days on the market are up, home prices are down, but it’s not all doom and gloom. Is that the case for all major Texas housing markets? What should they expect in this housing market? 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Appraisal Today

SEPTEMBER 23, 2022

At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. Will we see smaller homes more often as first-time buyers flood the market? Markets are changing in many areas, but are complicated by price range, size, etc.

Appraisal 52

Appraisal Marketing Business Contracts 52

Housing Wire

MARCH 7, 2022

The creation of the NFT real estate market thrusts a spotlight onto a Silicon Valley company specifically throwing itself into real estate, blockchain and NFTs. It’s a great marketing tool for the right type of listing. A deed transfer often includes the new owner ensuring they are the property holder through title insurance.

Real Estate 467

Real Estate Law Inspection Agents 467

Housing Wire

FEBRUARY 8, 2022

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. Some are especially haunted by the Great Recession between 2008 and 2011. An army of door-knockers.

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Law Mortgage Legal Finance 353