Housing Wire

APRIL 28, 2022

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. The multichannel lender, which originated roughly $13 billion in residential mortgage last year, declined to provide any details about the layoffs. from 2020 to 2021, to $13 billion. billion, up 65.5%

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Housing Wire

FEBRUARY 6, 2023

Michigan-based United Wholesale Mortgage (UWM) has named Andrew Hubacker as its chief financial officer, the company announced on Monday. Hubacker joined the mortgage lender in October 2020 as chief accounting officer. billion and injected $925 million into UWM to develop new technology and grow the broker channel.

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Housing Wire

SEPTEMBER 9, 2021

For the third year, Tech Trendsetters is honoring the individuals behind the technology that is driving mortgage and real estate. Last year’s impressive list of winners used the challenges of 2020 to propel the housing economy into a digital era and made some industry-changing advancements along the way.

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Housing Wire

MAY 13, 2021

Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year for homebuilders, according to the latest survey report from the Mortgage Bankers Association. The MBA’s mortgage credit availability index increased in April to 128.1

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Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Marketing Mortgage Supply Chain Inventory 454

Appraisal Buzz

SEPTEMBER 24, 2021

Sales of newly constructed homes performed better than expected in August but remain well behind the pace set in August 2020. Census Bureau and Department of Housing and Urban Development say that sales during the month were at a seasonally adjusted annual rate of 740,000 units. It was the second.

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Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

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Housing Wire

JUNE 23, 2021

from April 2020 to April 2021, with the median home price surging by more than $20,000. For example, today’s historically low mortgage interest rates offer buyers more spending power. According to USMI’s annual report , more than 2 million homeowners qualified to purchase or refinance their home in 2020 thanks to private MI.

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Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. April’s new home sales are nearly double that of April 2020’s estimate of 582,000. In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market.

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Housing Wire

NOVEMBER 16, 2020

Though housing didn’t take center stage during the 2020 election season, those who work in affordable housing were keeping a close eye on the race, and are now looking expectantly at President-elect Joe Biden’s $640 billion housing plan originally proposed in February. To do so, Biden’s plan would invest $640 billion over 10 years.

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Housing Wire

JUNE 22, 2021

from May 2020 ($283,500). months in May 2020. According to the NAR, properties typically remained on the market for 17 days in May, unchanged from April and down from 26 days in May 2020. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition.

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Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Housing Wire

JULY 1, 2022

Three former employees are suing First Guaranty Mortgage Corporation (FGMC) and financial backer Pacific Investment Management Company (PIMCO), alleging they were discriminated against on the basis of their gender and then retaliated against for complaining. .

Human Resources 366

Human Resources Loan Officers Retail Construction 366

Housing Wire

JUNE 29, 2021

According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. San Diego, in particular, has seen the expansion of new construction and development into the wildlands, thus exposing a greater number of homes to the susceptibility of wildfire.

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Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It New construction is backed up,” she said.

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Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. In early 2020, Zoom was barely a known company in America. history for mortgage origination volume. Take working remotely for example.

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Housing Wire

MAY 6, 2021

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

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Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. acres in San Francisco.

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Housing Wire

SEPTEMBER 22, 2020

With that in mind, I would like to revisit my 2020 thoughts on the U.S. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The big question for the rest of 2020 is whether or not we will get total home sales of 6.2 The February housing data, pre-COVID, was juicy indeed.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. percent (±11.9

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Housing Wire

SEPTEMBER 27, 2022

As you can see below on the NAR total inventory chart, we didn’t have a seasonal push in inventory in 2020, which left us vulnerable to price growth that was above the historical norm. New home sales are coming this week, and the monthly supply data is too big to have any new construction being built. months in construction.

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Housing Market Inventory Marketing Construction 469

McKissock

JUNE 3, 2022

If you are performing appraisals for the intended use of secondary market mortgage lending, it’s essential to have a clear understanding of the UAD quality ratings, since you will be required to use them in your report forms. CE Course: Learn about the entire home construction process from the ground up. not a professional contractor.)

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Construction Appraisal Design Real Estate 79

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

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Mortgage Brokerage Retail Business 446

D Fritz Appraisals

JUNE 28, 2022

This significant increase came about due to the unprecedented combination of: All time low mortgage rates. While low mortgage rates created higher demand, the lack of available homes led to price increases and over-bidding. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%.

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Real Estate Marketing Inventory Housing Market 105

Will Springer Realtor

JULY 12, 2023

Seattle leads the nation in construction cranes. Only three for-sale towers have opened in the city since the start of the pandemic in March 2020 and only one high-rise condo – Graystone – is slated to open this year in Seattle. This may help lower monthly rents but the overall construction industry continues to face challenges.

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. “I don’t expect a boom in housing construction.

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Construction Housing Market Inventory Marketing 501

Miller Samuel

JANUARY 23, 2020

The discussion topics are covered here: The Brick Underground Podcast: How does NYC real estate move past ‘peak uncertainty’ in 2020. I joined Emily Myers of Brick Underground for my third interview on their podcast series.

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Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

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Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. Mortgage applications for new home purchases dropped 10.6% in April from the same period last year, according to the Mortgage Bankers Association builder application survey. Homebuilders constructed about 1.23

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Housing Wire

FEBRUARY 24, 2022

It gives an idea of what to expect for housing construction. months and above, the builders will pull back on construction. The real question is how much higher mortgage rates will bite the most sensitive sector to rates: new homes. The builders will pull back on construction growth if new homes sales start to head lower.

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Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. population growth means we will become Japan, but I’ve been focused on demographics and how that will affect housing from 2020-2024. Census Bureau and the Department of Housing and Urban Development. percent (±15.2 percent (±12.7

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Housing Wire

MARCH 1, 2024

While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. 23, 2024, the 90-day average for single family listings in the state was 9,927, down from 14,314 single family listings in late February 2020. “It

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Housing Market Marketing Inventory Construction 437

Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product. Census Bureau and the Department of Housing and Urban Development. Now, of course, that has all changed quickly. percent (±20.4 percent (±13.1

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Inventory Construction Housing Market Mortgage 480

Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Housing Wire

APRIL 28, 2023

The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. The partnership represents Wells Fargo’s largest minority home lending and development initiative to date.

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Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Taken by Felix Mizioznikov. We need to build above 1.1

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Housing Wire

JULY 27, 2023

Mortgage rates are expected to remain elevated until inflation moves to a level more consistent with the Fed’s mandate. High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. Year-over-year, sales dipped 18.90% from 5.13

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