Appraisal Buzz

JULY 15, 2022

The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019, according to a new report from Redfin. plus mortgage rates, high home prices and a faltering economy push more buyers to the sidelines, thereby creating a more balanced market. Supply has built up as the combination of 5.5%-plus

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Buyers Appraisal Mortgage Marketing 195

Appraisal Buzz

MARCH 17, 2022

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 4.16%. The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” states Sam Khater, Freddie Mac’s chief economist.

Mortgage 150

Mortgage Appraisal Marketing 150

Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. In November, 70,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to 1,804,000 loans. Foreclosure starts decreased by 12.2%

Mortgage 437

Mortgage Inventory Technology 437

Housing Wire

APRIL 10, 2024

loans from mortgage services and place them in its portfolio at a fixed 2.5% Mortgage servicers will identify qualified borrowers and submit requests to the program on behalf of veterans, so veterans will not apply directly for VASP. The program ended in October 2022, when mortgage rates were higher. interest rate.

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Mortgage Government Lending Law 375

Housing Wire

JANUARY 29, 2024

The National Reverse Mortgage Lenders Association (NRMLA) announced that it will return to the Western U.S. In 2019, the event took place in Nashville, in a generally well-regarded and -reviewed annual meeting. The 2019 event inspired the selection of the 2023 venue as Nashville once again hosted NRMLA this past October.

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Mortgage Development Business 401

Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes.

Mortgage 438

Mortgage Housing Market Inventory Lending 438

Housing Wire

MARCH 18, 2024

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.

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Advertising Mortgage Business Clients 365

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

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Mortgage Sellers New Listings Buyers 434

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. based boutique SAP consulting firm.

Mortgage 391

Mortgage Technology Lending Business 391

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

Mortgage 524

Mortgage Inventory New Listings Sellers 524

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Age information is collected at the time of origination, but only for Home Mortgage Disclosure Act (HMDA) purposes. 30-year mortgages were never meant to be for them. So she was approved.”

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Property Taxes Mortgage Design Finance 397

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot.

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Loan Officers Mortgage Buyers Inventory 426

Housing Wire

JANUARY 10, 2024

HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant. industry practitioners at an industry event in late 2019.

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Mortgage Advertising Marketing Home Value 412

Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. from 2019 to 2023, almost double the 26.4% Mortgage With fewer listings come fewer home sales.

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Marketing Mortgage Realty Brokerage 447

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

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Mortgage Renovations Appraisal Process Finance 466

Housing Wire

NOVEMBER 13, 2023

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over two decades, according to Optimal Blue’ s originations market monitor report. month over month.

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Mortgage Investors Marketing Business 404

Housing Wire

FEBRUARY 23, 2022

Mortgage applications decreased 13.1% 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% retail residential mortgage applications. for the week ending Feb. of total applications last week, from 52.8%

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Mortgage Retail Contracts Inventory 418

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. Additionally, each business had a minimum revenue of $190,000 in 2019 and $2 million last year. Zap Mortgage (no.294)

Loan Officers 365

Loan Officers Mortgage Development Lending 365

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. With mortgage rates hovering below 3% for over six months now, Sam Khater, Freddie Mac’s chief economist, said this may be a sign of an economy still struggling.

Mortgage 542

Mortgage Lending Training Inventory 542

Housing Wire

DECEMBER 12, 2023

In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t enough to overcome seasonal, historic trends and low levels of inventory.

Mortgage 450

Mortgage Inventory Sellers Marketing 450

Appraisal Buzz

APRIL 30, 2024

Mortgage lenders lost an average of $1,056 on each loan they originated in 2023, compared to an average loss of $301 per loan in 2022, according to the Mortgage Bankers Association’s (MBA) Annual Performance Report. Average annual production volume was $1.9 billion (6,021 loans) per company, down from $2.6

Mortgage 195

Mortgage Valuation Inventory Appraisal 195

Housing Wire

FEBRUARY 17, 2022

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. Some mortgage rate indices topped 4% late last week. the previous week.

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Mortgage 448

Housing Wire

JANUARY 11, 2022

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. of mortgages were delinquent by at least 30 days, including foreclosure, close to the 3.7% rate registered in the same period of 2019.

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Mortgage Marketing 531

Housing Wire

APRIL 13, 2022

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Refinance applications fell 5% from the prior week and 62% from the same week a year ago, according to the Mortgage Bankers Association ‘s weekly survey. last week from 38.8%

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Mortgage Retail Housing Market Marketing 511

Housing Wire

FEBRUARY 19, 2021

Consumer credit activity rose in the fourth quarter of 2020, as low interest rates and high housing demand continued to fuel mortgage demand, according to TransUnion’s latest industry insights report. Serious delinquency rates in mortgages declined year-over-year to 0.7% million in the fourth quarter of 2019.

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Mortgage Business Marketing 427

Housing Wire

MARCH 17, 2022

As the Federal Reserve raised short-term rates for the first time in years, mortgage rates climbed 31 basis points to 4.16%, according to data from Freddie Mac ‘s PMMS survey. The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage 449

Mortgage Inventory Technology Tools 449

Housing Wire

APRIL 24, 2024

Despite the population growth, Dallas has still had to contend with the realities of high mortgage rates and tight housing inventory — factors that have mortgage lenders , brokerages and other real estate professionals fighting for their share of shrinking pies. 1 brokerage by listing count from 2019 through 2023.

Brokerage 379

Brokerage Realty Marketing Real Estate 379

Housing Wire

SEPTEMBER 15, 2020

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. million, down 0.4%, Fannie Mae said.

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Lending Mortgage Realtors Housing Market 545

Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. Piper Sandler expects a drop in prepayment speeds to continue despite the near-term dip in mortgage rates, because very few borrowers have mortgage rates above current levels.

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Mortgage Investing Government Real Estate 404

Housing Wire

MARCH 12, 2024

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

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Insurance Technology Tools Mortgage 397

Housing Wire

MARCH 30, 2021

Guild Mortgage now has offices in the Buckeye State. The publicly traded mortgage lender announced Tuesday that retail branches are now open in Dayton and Columbus, Ohio. Louis-based Cornerstone Mortgage in 2018, a move that added 17 offices in Missouri, Illinois and Kansas; and opened branches in Wisconsin in 2019.

Mortgage 416

Mortgage Retail Valuation Lending 416

Housing Wire

NOVEMBER 3, 2021

For the first time since the beginning of the pandemic, purchase mortgages outpaced refinancings in the third quarter of 2021, according to the latest TransUnion report published on Wednesday. The total mortgage balances grew 8% year-over-year to $10.5 million in the third quarter of 2019 to 3.3 trillion in the third quarter.

Mortgage 418

Mortgage Loan Officers Inventory Housing Market 418

Housing Wire

AUGUST 10, 2022

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

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Lending Human Resources Mortgage Loan Officers 431

Housing Wire

MARCH 6, 2023

Guaranty Home Mortgage Corporation (GHMC) on Monday announced its expansion with three new licensed retail branches in Tennessee. The expansion is part of the company’s strategy to grow its presence and focus on residential mortgage lending. The new branches are located in Brentwood, Lebanon and Chattanooga.

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Retail Mortgage Lending Technology 416

Housing Wire

APRIL 4, 2022

South Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a more challenging origination landscape. . compared to the previous year, according to Inside Mortgage Finance. The higher-rate landscape is affecting all mortgage companies.

Mortgage 475

Mortgage Supply Chain Retail Loan Officers 475

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. The mortgage lender hopes to boost volume in the channel. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans.

Retail 375

Retail Mortgage Loan Officers Lending 375

Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. The average loan amount increased to $353,000 in September while the average purchase price on locked loans remained the same at $450,000.

Mortgage 374

Mortgage Marketing Buyers Finance 374