Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

Development 303

Development Appraisal Property Appraisal Insurance 303

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. In addition, a vast majority of people spent more time at home in 2020 than ever before in modern history. Push for tech. Like in so many other industries, the customer is driving the need for innovation.

Mortgage 509

Mortgage Inventory Real Estate Technology 509

Housing Wire

DECEMBER 7, 2022

The recent declines in mortgage rates brought a glimmer of hope that borrowers might be developing more of a stomach for home loans. But even with the drop in rates to the mid-6s, the market is still nowhere near ‘normal,’ and consequently, industry experts predict a long, cold winter for loan officers.

Mortgage 370

Mortgage Loan Officers Development Housing Market 370

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s

Brokerage 414

Brokerage Mortgage Loan Officers Finance 414

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).

Mortgage 395

Mortgage Marketing Finance Insurance 395

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%

Mortgage 362

Mortgage Loan Officers Retail Construction 362

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?

Marketing 454

Marketing Mortgage Supply Chain Inventory 454

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgage 376

Mortgage Insurance Finance Development 376

Housing Wire

AUGUST 21, 2020

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. We saw hints of a flourishing housing market prior to the COVID crisis.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

SEPTEMBER 28, 2020

However, for the first time in more than a decade we have the demand needed to prompt builders to really push housing starts as the monthly supply data has collapsed this year. million housing starts, not anytime from 2008-2019. million housing starts, not anytime from 2008-2019. million housing starts, but we will soon.

Inventory 528

Inventory Buyers Mortgage Housing Market 528

Housing Wire

FEBRUARY 24, 2021

For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels. in January, according to data from Black Knight on Wednesday.

Mortgage 454

Mortgage Government Development Housing Market 454

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 427

Mortgage Investors Tools Technology 427

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 395

Architecture Real Estate Agent Loan Officers Real Estate 395

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.

Mortgage 395

Mortgage Loan Officers Finance Investors 395

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. In June 2020, roughly 8.5% The delinquency rate should follow that downward path closely.

Mortgage 481

Mortgage Inventory Investors Design 481

Housing Wire

APRIL 2, 2021

The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year. . Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. Total construction employment remains 182,000 below its February 2020 level.

Inventory 501

Inventory Construction Housing Market Business 501

Housing Wire

NOVEMBER 1, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt, and agency mortgage-backed securities. The housing market is feeling the brunt of Fed’s tight monetary policies The 10-year Treasury yield and average 30-year mortgage rates have tracked each other since 1971.

Finance 421

Finance Mortgage Realtors Investors 421

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Retail 482

Retail Sellers Buyers Market Value 482

Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. “I

Insurance 405

Insurance Mortgage Development Housing Market 405

Housing Wire

APRIL 26, 2023

On March 29, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac would enhance their COVID-19 pandemic-era deferral policies which allowed homeowners experiencing hardship to defer up to six months of mortgage payments to be settled at the end of the loan.

Insurance 370

Insurance Mortgage Government Investors 370

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.

Real Estate 377

Real Estate Brokerage Real Estate Agent Technology 377

Housing Wire

JULY 27, 2021

housing market is being driven in part by reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes. ” 3 solutions to a gridlocked housing market. . ” 3 solutions to a gridlocked housing market. The Federal Housing Finance Agency also released its U.S.

Housing Market 383

Housing Market Inventory Finance Buyers 383

Housing Wire

AUGUST 5, 2022

When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs! Well, I was off by two months: Today, the BLS reported that 528,000 jobs were created with positive revisions of 28,000, which gave us just enough to pass the February 2020 levels.

Development 545

Development Housing Market Marketing Business 545

Housing Wire

MAY 18, 2021

Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. In 2020, WFG launched an effort to identify and develop solutions for the biggest challenges facing the industry. PROCESS EFFICIENCY.

Mortgage 219

Mortgage Training Clients Development 219

Housing Wire

JANUARY 17, 2024

However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels. after the initial lockdowns in 2020 before rocketing to almost 206 in June 2022.

Construction 461

Construction Supply Chain Transportation Buyers 461

Housing Wire

FEBRUARY 5, 2021

Mortgage Champions founder and CEO Dave Vermillion will be speaking on a panel covering operational strategies in the current market at HousingWire’s Spring Summit on March 4. He is the author of Navigating the Mortgage Maze , a guide teaching the simple truths to securing the best possible mortgage, every time.

Training 291

Training Technology Real Estate Valuation 291

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

Construction 461

Construction Government Inventory Mortgage 461

Housing Wire

AUGUST 11, 2020

Vaccine development is progressing with some promising early results. I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. What can we expect post COVID-19?

Development 545

Development Housing Market Marketing Mortgage 545

Housing Wire

JUNE 22, 2021

The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. The median existing-home price for all housing types in May was $350,300, up 23.6% from May 2020 ($283,500). months in May 2020. Unsold inventory sits at a 2.5-month month supply but down from 4.6-months

Inventory 417

Inventory Buyers Realtors Housing Market 417

Housing Wire

SEPTEMBER 22, 2022

Haley Parker is the area business development manager at Fairway Independent Mortgage Corporation. HW: The housing market is undergoing a serious change, what do you think mortgage professionals should do to stay on top of the changing market? Social marketing and developing a personal brand is key.

Client Relationships 370

Client Relationships Agents Development Business 370

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. compared to a year ago. The Midwest dropped 0.7%

Realtors 533

Realtors Inventory Contracts Development 533

Housing Wire

MAY 11, 2021

The San Francisco-based instant homebuyer announced a net income loss of $270 million on Tuesday, a 421 percent jump compared to the first quarter of 2020’s $62 million deficit. The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020. And by some secondary measurements, Opendoor is growing.

Real Estate Agent 367

Real Estate Agent Real Estate Brokerage Inventory 367

Housing Wire

DECEMBER 16, 2021

The Federal Housing Finance Agency (FHFA) on Thursday issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain, and submit annual capital plans to the regulator. It is a very targeted set of amendments,” DeMarco said.

Business 544

Business Investors Finance Development 544

Housing Wire

NOVEMBER 5, 2021

Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Construction employment is still 150,000 jobs below its February 2020 level. Despite this optimism, the latest housing starts report from the U.S.

Construction 313

Construction Development Business Housing Market 313

Housing Wire

NOVEMBER 11, 2021

With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders. The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.).

Finance 446

Finance Valuation Insurance Lending 446

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said.

Realtors 370

Realtors Technology Insurance Mortgage 370

Housing Wire

DECEMBER 2, 2022

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming.

Marketing 511

Marketing Transportation Retail Mortgage 511