Housing Wire

MARCH 13, 2024

Using a 1-10 scale, the portal displays current risk factors for a property as well as the expected change for each risk in 15 and 30 years, the length of a typical mortgage. homes, valued at $19.7 of homes in the U.S., valued at nearly $7.7 And about 9% of homes, valued at nearly $6.6

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Tools Insurance Home Value Technology 402

Housing Wire

SEPTEMBER 15, 2021

The reverse mortgage volume boom appears to have diminished for now, at least if new data is any indication. Home Equity Conversion Mortgage (HECM) endorsements fell in August, 2021 by 14.3% All told, 2020 saw $10.6 A sharp drop in reverse mortgage volume. to 157 loans) and Fairway Independent Mortgage Corp.

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Mortgage Advertising Development Home Value 327

Housing Wire

NOVEMBER 24, 2020

increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA. For high-cost areas, where 115% of the local median home value exceeds the baseline CLL, the maximum loan limit will be higher than the baseline loan limit. This is a 7.5% Virgin Islands.

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Home Value Finance Mortgage 546

Appraisal Buzz

NOVEMBER 11, 2021

mortgage industry has earned an average profit of $4,202 per loan on its way to record volume and a record $4.4 trillion in new loans originated in 2020 – and the perfect storm of low interest rates and high home values has kept the gold rush going in 2021. According to J.D. Power ’s 2021 U.S. The post J.D.

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Mortgage Home Value Appraisal 150

Housing Wire

SEPTEMBER 23, 2021

Homeowners with mortgages gained $2.9 per borrower since the second quarter of 2020. The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO). million homes. in the second quarter of 2021 as compared to Q2 2020.

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Home Value Mortgage Investing Marketing 545

Housing Wire

MARCH 4, 2022

Despite the withdrawal, tappable equity available to homeowners with a mortgage grew by $446 billion in the fourth quarter. In addition, soaring home values resulted in much lower post-withdrawal loan-to-value (LTV) ratios than during the Great Recession, when LTVs were more than ten percentage points higher.

Home Value 441

Home Value Mortgage Marketing 441

Housing Wire

FEBRUARY 6, 2023

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative.

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Mortgage Investors Technology Modernization 298

Housing Wire

SEPTEMBER 8, 2021

The driver is, of course, spiking home prices in most places. Home values have risen so dramatically that the average homeowner could refinance their mortgage and withdraw $173,000, while retaining 20% equity in their home. During the last downturn, in contrast, 28% of mortgage holders were fully underwater.

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Home Value Mortgage Government Lending 431

Housing Wire

OCTOBER 3, 2022

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. With mortgage rates at 6.7% With mortgage rates at 6.7%

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Inventory Home Value Housing Market Mortgage 523

Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 NAR’s Housing Wealth Gains for the Rising Middle-Class Markets study examined the distribution of housing wealth between 2010 and 2020 across income groups in 917 metropolitan and micropolitan areas. In 2020, just 27.7% in 2010. .” 10 years prior. in 2010 to 29.8%

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Home Value Realtors Marketing Inventory 433

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

JANUARY 24, 2023

Under its Sell & Stay program, which charges an annual option fee, clients have the right to repurchase the home or to direct a third-party sale at any time. If the home value appreciates, customers get to keep the difference. billion, mortgage data platform Modex showed. billion, mortgage data platform Modex showed.

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Tenants Loan Officers Finance Clients 327

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06 points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On

Inventory 381

Inventory Mortgage New Listings Home Value 381

Housing Wire

MAY 9, 2022

billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values. Incredibly low mortgage rates (led) to an unprecedented increase in real estate transactions and substantially higher home values,” Diane Tomb, the CEO of ALTA said in a statement.

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Insurance Home Value Inventory Real Estate 307

Housing Wire

JULY 14, 2021

For the first time in a year, the number of buyers who locked in mortgage rates to purchase a second home fell in June. Per a recent Redfin study , second home mortgages saw a year-over-year decrease of 11.1%. Home prices in seasonal towns, meanwhile, rose 28% year over year to $468,000 in June.

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Home Value Contracts Lending Mortgage 433

Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4% Prices, however, are still up 1.5%

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Inventory Home Value Housing Market Mortgage 359

Housing Wire

MAY 9, 2022

Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko.

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Buyers Housing Market Mortgage Marketing 526

Housing Wire

APRIL 20, 2021

Homes in primarily Black neighborhoods nationwide were valued at an average of $41,000 less than comparable homes in primarily white neighborhoods in 2020, compared with a $46,000 devaluation in 2013. “We’re left with bias and systemic racism to explain the variation in home values,” Edwards said.

Home Value 461

Home Value Investing Lending Real Estate 461

Housing Wire

SEPTEMBER 11, 2023

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted.

Inventory 376

Inventory Technology Design Tools 376

Housing Wire

MARCH 9, 2021

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

Home Value 470

Home Value Market Value Brokerage Inventory 470

Housing Wire

NOVEMBER 23, 2021

As home equity reached another record high this year, mortgage companies have a big opportunity to help homeowners understand how to better manage or leverage their home’s equity to improve their housing and overall financial outlook. Use home equity to raise home value. Invest in the future.

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Investing Home Improvement Home Value Mortgage 413

Eppraisal

SEPTEMBER 20, 2021

Those preparing to reap that return have reason to be glad these days -- home values averaged $676,000 nationwide in June of 2021. Certain realities should be considered when setting expectations for the long-term values of residences. This development results in a lowering of overall demand and forcing home values down.

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Home Value Sellers Investing Finance 36

Housing Wire

JANUARY 25, 2023

Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. As inflation eases, so will long term mortgage rates. The overall U.S.

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Housing Market Marketing Inventory Sellers 414

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. million in mortgages valued at $1.7 FHA Commissioner Julia Gordon.

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Insurance Home Value Mortgage Marketing 469

Housing Wire

FEBRUARY 1, 2022

Morgan Mortgage Trust , the securitization conduit for financial giant JPMorgan , recently issued a $2 billion offering backed by a pool of jumbo loans — capping off a vibrant first month of 2022 for the overall private-label market. At least 25 transactions collateralized by more than 27,000 mortgages valued at $14.3

Marketing 346

Marketing Investing Mortgage Investors 346

Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

Home Value 36

Home Value Real Estate Agent Real Estate Realtors 36

Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Our forecast is for home values to rise 16% from December 2021 to December 2022.

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Housing Market Inventory Home Value Marketing 358

Housing Wire

APRIL 7, 2021

Austin , specifically, could see a population boom in the next year, per Zillow’s Home Price Expectations Survey, which predicts 2021 home value growth in 20 large housing markets compared to the rest of the nation. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

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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Marketing Government Mortgage Sellers 404

Housing Wire

MARCH 23, 2022

Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. As mortgage rates rise, all else held equal, house-buying power falls,” First American deputy chief economist Odeta Kushi said in a statement. after a 10.4% drop in January.

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Supply Chain Housing Market Buyers Construction 360

Housing Wire

SEPTEMBER 22, 2021

Reacting to NAR’s report, Mike Fratantoni, chief economist at the Mortgage Bankers Association , said that new inventory is expected to come online, with more than 700,000 homes under construction. home builders started more than 1.6 million homes in August, up 3.9% million units at the end of August, down 1.5%

Inventory 376

Inventory Buyers Realtors Home Value 376

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Insurance Mortgage Clients Lending 324

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Brokerage Real Estate Clients Insurance 401

Housing Wire

MARCH 15, 2021

The creation of the Home Mortgage Disclosure Act (HMDA) in 1975 required lenders to track and report loan-level data to the Consumer Financial Protection Bureau (CFPB) in an effort to reduce redlining, and finally, in 1988, amendments made to the Fair Housing Act of 1968 deemed it illegal. of homes worth approximately $2.6

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Real Estate Agent Real Estate Lending Design 295

Housing Wire

FEBRUARY 28, 2021

Sales Boomerang solve this problem by helping banks, credit unions and independent mortgage lenders build lasting, profitable relationships with their borrowers. trillion in mortgage loans, making 2020 the industry’s biggest year since 2003. Our clients retain as high as 65% or more of their past customers. Arend de Jong, CFO.

Clients 337

Clients Home Value Design Tools 337

Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

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Marketing Lending Investors Real Estate 336

Housing Wire

JUNE 24, 2021

“According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

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Valuation Real Estate Agent Real Estate Clients 288