Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. When you consider that a home seller is a natural homebuyer as well, you can see why the housing market broke after mortgage rates went on a roller coaster last year. Can you imagine the housing market at that point?

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Housing Wire

JUNE 11, 2023

but it needs weakness in demand and days on market to grow so inventory can accumulate. Purchase application data Purchase application data has been critical to my work on gauging actual demand for the year and how it should look for the next year if we have a material change in the markets. From the St.

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Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today. 6% for a year.

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Housing Wire

FEBRUARY 22, 2023

The cut, widely anticipated by the industry, will result in mortgage insurance premiums (MIP) of 55 bps for most borrowers, down from 85. Some mortgage analysts, however, say the premium cut – the first since the Obama administration made a 50 bps cut in January 2015 – won’t have a big impact on the mortgage market.

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Housing Wire

JUNE 4, 2023

The 10-year yield and mortgage rates We had a keystone cops week with the bond market and mortgage rates. However, we do have some issues in the mortgage market. Getting better spreads can send mortgage rates back to the low 6% level without any help from the bond market. Mortgage rates have been in the range of 5.99%-7.14%.

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Housing Wire

MAY 28, 2023

And on Wall Street, many traders were short the bond market, meaning that a lot of speculative trades were made betting that bond yields would quickly go higher. Since the banking crisis started, the mortgage market has gotten increasingly stressed , and the recent debt ceiling issues didn’t help. From the St.

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Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association and fellow trade group the Black Homeownership Collaborative have joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce mortgage insurance premiums (MIPs) and suspend life-of-loan requirements for borrowers with FHA-insured loans.

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Housing Wire

MARCH 8, 2024

Biden’s plan also included a $10,000 tax credit for first-time homebuyers and people who sell their “starter home,” and a pilot program that waives the requirement for lender’s title insurance on certain refinance transactions. These costs increased by 21.8% from 2021 to 2022, reaching nearly $6,000, per the CFPB post.

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Housing Wire

JUNE 25, 2023

More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. dollar explodes higher or we get some market stress overseas, we should remain in the forecast range.

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Housing Wire

FEBRUARY 29, 2024

This will provide “an ongoing source of capital so that state and local housing finance agencies (HFAs) can continue to offer FHA insured multifamily loans at reduced interest rates to create and preserve high-quality, affordable rental homes,” according to the White House.

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Housing Wire

NOVEMBER 18, 2022

The most recent example of a decline in districts to ll resulted from the 2015-2016 merger of the Seattle and Des Moines institutions into a Des Moines District Bank. savings and loan associations, savings banks, and cooperative banks) and insurance companies. imposes market discipline).

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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. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist.

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Housing Wire

JANUARY 5, 2024

Since its founding in 2015, remote online notarization (RON) platform Proof , formerly known as Notarize , has helped sellers and buyers close $347 billion worth of real estate transactions, according to an announcement on Friday. While the firm is pleased with this milestone, it has its sights set on California.

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Housing Wire

JUNE 3, 2022

The delinquent FHA-insured mortgages backing Lakeview’s initial private-label securities (PLS) offering earlier this year, L akeview Trust 2022-EBO1 , all were purchased out of Ginnie Mae loan pools via the agency’s so-called early buy-out, or EBO, program. . million, with all the loans deemed delinquent. in active foreclosure.

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Housing Wire

SEPTEMBER 13, 2021

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week. Old Republic is among the biggest title insurance companies in the U.S. Presented by: Radian.

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Housing Wire

SEPTEMBER 13, 2022

With housing affordability at an all-time low and accelerating consumer prices disproportionately affecting lower- and middle-income families, the Mortgage Bankers Association this week called on the White House and the Federal Housing Administration to reduce annual mortgage insurance premiums.

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Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government. government.

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Housing Wire

MAY 10, 2022

In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). Rising rates slowed the rate-term refinance train in the fourth quarter of last year, according to the CoreLogic report, moving the market toward purchase loans — and increased mortgage-fraud risks.

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Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . Black Knight was a subsidiary of FNF that went public in an IPO in 2015. Despite headwinds from a housing market in decline, FNF performed well in the third quarter, with adjusted net earnings of $295 million. billion, down from $2.9

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Housing Wire

OCTOBER 10, 2023

And the market has gotten much darker over the last few years. After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I The same happens with concert or sports tickets as a marketing opportunity.

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Housing Wire

MARCH 17, 2022

As HUD considers mortgage insurance premium (MIP) changes in the aftermath of FHA’s record-breaking FY 2021 performance with $100 billion of capital reserves and a capital ratio of 8%, it is time to address the “elephant in the room.” Between 2010-2014, FHA raised annual premiums by 145%.

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Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. market for homeowners’ insurance.

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Housing Wire

OCTOBER 14, 2022

Kan has worked at the association since 2006, rising from survey specialist to associate vice president of economic and industry forecasting in 2015. His keen sense on what’s happening in the mortgage market has made him an invaluable asset to our research team,” said Mike Fratantoni, MBA’s senior vice president and chief economist.

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Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. Ed Golding, who was FHA commissioner from 2015 to 2017, said it’s “likely” budget issues are holding up a MIP reduction. A HUD spokesperson declined to comment.

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Lamacchia Realty

FEBRUARY 22, 2023

The Department of Housing and Urban Development announced the reduction of the FHA Mortgage Insurance Premium (MIP) today. The down payment hasn’t changed but the cost of the monthly mortgage insurance has decreased putting more money back in the homeowners’ pockets, making homeownership more affordable. to $176.92.

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Housing Wire

NOVEMBER 5, 2020

Fannie Mae announced Wednesday that Sheila Bair, board member and former chair of the Federal Deposit Insurance Corp. She would eventually leave the FDIC in 2011 to join Pew Charitable Trust as a senior advisor, a role she held from 2011 through 2015.

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Housing Wire

AUGUST 8, 2022

Meanwhile, Jim Daras, who will also serve as president, will be the co-CEO for banking, capital markets, finance and risk activities. The changes at the New Jersey-based mortgage servicing company were made amid a shrinking mortgage market, which brought Cenlar’s servicing portfolio to $895 billion in the second quarter, down 6.8%

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Housing Wire

MAY 4, 2022

Offerpad was started by its current CEO Brian Bair in 2015, and it went public through a special-purpose acquisition company, or SPAC, in September, with a valuation of $2.7 The company’s market cap has since sunk to $1.4 The company has now diversified to 24 metropolitan markets.

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Housing Wire

JANUARY 18, 2021

In December, AmTrust Title Insurance Company announced the hiring of seasoned underwriter Mary Shelley as its midwest region agency underwriter. ” Shelley worked as escrow office and examiner for National Commercial Services at Stewart Title for five years, and at Precision Title from 2008 to 2015 as senior title officer.

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Housing Wire

FEBRUARY 1, 2024

The evolving landscape The overall landscape of the reverse mortgage market is subject to change despite the reviewers’ attention to detail and sound predictions, the report said. Other examples include the introduction in 2015 of the life-expectancy set aside (LESA) account and the 2017 principal limit factor changes.

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Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 Most production builders have focused on ever larger and more expensive new homes, and relatively few new homes have been built that cater to lower-income households and entry-level buyers, especially in high-cost coastal markets. million homes.

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Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. I am confident that she will bring a depth of expertise and perspective to FHA at a critical time for our country’s housing market.”. Industry wishlist.

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Housing Wire

AUGUST 19, 2022

The presence of nonbanks enabled the housing finance system to heal after the crisis without further disrupting markets, however, those firms generally pose significantly greater counterparty risk to Ginnie Mae. Were that to happen, the market reverberations would be immense. Ginnie Mae is exposed to counterparty risk in several ways.

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Housing Wire

MARCH 29, 2022

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. Lowering the MIP will lower payments and improve the qualification ability of the FHA borrower and would have an immediate positive impact at a very challenging time in the market cycle.

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Housing Wire

JANUARY 28, 2021

The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent. Roberts said that of those 303 counties, 44% saw market-rate rents rise more than voucher values from 2015 to 2020.

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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.

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Housing Wire

NOVEMBER 17, 2020

Zavvie Pro agents have access to seller lead-gen tools , personalized branding within the platform and a new service called OfferFax – a proprietary selling options report that gives agents comparisons of all different selling options available to them in their market. For buyers, Homie offers a client rebate of up to $5,000.

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Real Estate Modernization Real Estate Agent Sellers 280