Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. “February of 2021, that had grown to $3.7

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Marketing Housing Market Inventory Mortgage 462

Housing Wire

JANUARY 8, 2021

The country was paralyzed amid the current health crisis and many borrowers and sellers alike are frightened to enter purchase contracts and move forward with transactions already in progress. The post 2021 means new challenges for mortgage lending appeared first on HousingWire.

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Lending Mortgage Inventory Business 445

Housing Wire

JANUARY 29, 2024

The lawsuit states that Atlantic Trust signed a wholesale broker agreement with UWM in January 2018 but agreed to amend the contract to add the “All-In Initiative” in December 2022. Therefore, we will follow the agreed upon contract and win damages.” UWM on Thursday when filed a lawsuit in a U.S.

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Contracts Loan Officers Lending Retail 432

Housing Wire

FEBRUARY 9, 2024

Florida-based Okavage Group sued UWM in April 2021, following the lender’s announcement of an ultimatum that the wholesale lender will no longer partner with brokers who also work with Rocket Mortgage or Fairway Independent Mortgage Corp. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 408

Contracts Retail Mortgage Lending 408

National Association of Realtors

JANUARY 24, 2022

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

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Inspection Contracts Realtors Buyers 81

Appraisal Buzz

OCTOBER 28, 2021

Month-over-month, contract signings fell 2.3% The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on DSNews. The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on Appraisal Buzz.

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Inventory Contracts Appraisal 150

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Housing Wire

MAY 26, 2021

for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. Rates climbed north of 3% over the first few months of 2021, but crested at 3.2% After two straight weeks of increases , mortgage applications dropped 4.2% in March before descending again. the previous week.

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Mortgage Contracts Government Real Estate 478

Housing Wire

APRIL 18, 2024

She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. Another source, mortgage tech platform Modex , which collects data from public records nationwide, shows she originated over $95 million in 2020, $93 million in 2021 and $50 million in 2022.

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Loan Officers Human Resources Contracts Mortgage 421

Housing Wire

FEBRUARY 22, 2024

Stemming from suspected fraudulent activity beginning in the summer of 2021, 28-year old Austin Acheson was arrested earlier this month for suspected fraud. The items, including attic insulation, a water filter and water softener were sold through a signed contract to which the victim agreed to pay monthly bills for a lengthy period.”

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Renovations Mortgage Contracts Government 375

Housing Wire

FEBRUARY 5, 2024

Seely joined Guild in 2021 when the California-based lender paid $196.7 Following the M&A transaction , Seely signed a five-year employment agreement with Guild in May 2021. 10, Guild sent a written notice of the employment agreement, saying he failed to cure the breaches and because of that, the company terminated his contract.

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Retail Contracts Loan Officers Mortgage 392

Housing Wire

NOVEMBER 1, 2023

16, Gifford said that Redwood stopped buying home equity investment (HEI) contracts prior to the launch of Aspire. Gifford also specified that Redwood was buying HEI contracts from different parties in the space and then pulled back from its commitments. During a phone interview with HousingWire on Oct.

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Investors Investing Contracts Loan Officers 391

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

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Mortgage Contracts Legal Business 288

Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020.

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Mortgage Contracts Inventory Construction 542

Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. Especially when contract interest rates for refis are below 3%.

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Mortgage Contracts Construction Inventory 509

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Housing Market Marketing Contracts Finance 402

Housing Wire

JULY 21, 2021

“That’s the lowest level since January 2021.” “Refinance activity fell over the week, but because rates have stayed relatively low, the pace of applications was close to its highest level since early May 2021.”. . The refinance share of activity of total mortgage applications increased to 64.9% from 64.1%

Mortgage 446

Mortgage Marketing Contracts Inventory 446

Housing Wire

MARCH 19, 2024

Following UWM’s 2021 announcement of an “All-In ” initiative — which prohibits UWM broker partners from sending loans to direct competitors Rocket Mortgage and Fairway Independent Mortgage — Atlantic Trust agreed to the “All-In” addendum, according to a complaint filed in January by UWM in a U.S. district court in Michigan.

Mortgage 338

Mortgage Law Brokerage Legal 338

Housing Wire

JUNE 16, 2021

for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. After three straight weeks of declines , mortgage applications increased 4.2% “ U.S. from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans.

Mortgage 512

Mortgage Contracts Marketing 512

Housing Wire

OCTOBER 12, 2022

has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. In the fourth quarter of 2021, the company had $4.72 Home Point Financial Corp. million, SEC filings revealed. .

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Lending Contracts Finance Mortgage 375

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

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Contracts Investors Investing Market Value 416

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. 30, 2021, Richards resigned from her position at loanDepot. loanDepot filed the lawsuit on Oct.

Contracts 371

Contracts Legal Retail Training 371

Housing Wire

OCTOBER 27, 2021

Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time home buyers are accounting for a declining share of activity.”. annual gain for the year ending in August 2021, remaining the same as the previous month. Mortgage applications increased 0.3% the week prior.

Mortgage 430

Mortgage Contracts Buyers Marketing 430

Housing Wire

JANUARY 13, 2021

Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. The 30-year fixed mortgage rate climbed two basis points to 2.88%, but the 15-year fixed rate fell to 2.39% — a survey low.

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Mortgage Contracts Government Buyers 501

Housing Wire

MAY 5, 2021

from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. “The 30-year fixed rate was up slightly to 3.18%, which is still 22 basis points lower than a year ago, but higher than it was between mid-2020 and February 2021,” he said. the previous week.

Mortgage 407

Mortgage Contracts Government Inventory 407

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

Contracts 388

Contracts Inventory Housing Market Marketing 388

Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The prior week ‘s report showed a 1.8% drop in applications to the lowest level since January 2020.

Mortgage 512

Mortgage Contracts Inventory Investors 512

Housing Wire

SEPTEMBER 22, 2022

Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. In exchange, the homeowner inks a contract providing the company with a slice of the homeowner’s future equity.

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Marketing Contracts Finance Home Value 375

Housing Wire

FEBRUARY 7, 2022

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts. Unison also shares some of the downside if the property loses value over the course of the contract.

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Investing Marketing Contracts Investors 300

Housing Wire

JULY 7, 2021

in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. Mortgage applications decreased again , this time falling 1.8% This marks the third straight week of application declines, and represents the lowest level since the January 2020.

Mortgage 454

Mortgage Contracts Marketing 454

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. from 55% in early July 2021, according to Redfin. from 55% in early July 2021, according to Redfin. Also noted as seasonally typical is the 16% decline in new home listings from the 2021 peak in June.

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Housing Market Marketing Inventory Brokerage 537

Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The stock car team is also accusing EPM of breaching the contract by failing to make more than $4 million in sponsorship payments following a “margin call” from its investors.

Legal 297

Legal Contracts Lending Loan Officers 297

Housing Wire

MAY 12, 2021

for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. After weeks of decreases , mortgage applications rose 2.1% Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%.

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Mortgage Contracts Inventory Marketing 434

Housing Wire

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans.

Mortgage 443

Mortgage Contracts Government Buyers 443

Housing Wire

APRIL 28, 2021

decrease in applications in its latest report for the week ending April 23, 2021. Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.17% from 3.2%

Mortgage 426

Mortgage Contracts Inventory Marketing 426

Housing Wire

JANUARY 27, 2023

compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the monthly increase, pending home sales are down 33.8%

Contracts 417

Contracts Realtors Mortgage Buyers 417

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

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Inventory Renovations Contracts Buyers 417