Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. 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.

Housing Market 538

Housing Market Marketing Inventory Brokerage 538

Housing Wire

JANUARY 19, 2021

in 2021, an increase of 0.8 contraction. in 2021, with the monthly pace slowing throughout the year. trillion in 2021, up from the projected $1.6 trillion in 2021, down from a projected all-time high of $2.8 Managing Credit Risk in 2021 and Beyond. in 2021 and 3.2% in 2021 and decrease to 3% in 2022.

Housing Market 458

Housing Market Mortgage Contracts Government 458

Housing Wire

JULY 21, 2021

. “That’s the lowest level since January 2021.” “ Limited inventory and higher prices are keeping some prospective homebuyers out of the market,” Kan said. On an unadjusted basis, the market composite index decreased 4% compared with the previous week. from 64.1% the previous week.

Mortgage 450

Mortgage Marketing Contracts Inventory 450

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Marketing 384

Marketing Contracts Finance Home Value 384

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison expects to bring three additional securitization deals to market in 2022, according to a company executive.

Investing 358

Investing Marketing Contracts Investors 358

Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. for 2021-HE1 and 23.8% for 2021-HE2. Mill Valley, California-based Redwood Trust sees the market sector as fertile ground as well. “And

Investors 404

Investors Marketing Contracts Investing 404

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

Housing Market 384

Housing Market Marketing Contracts Buyers 384

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows. billion in 2021 to $9.6

Housing Market 370

Housing Market Marketing Contracts Lending 370

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 421

Contracts Retail Mortgage Lending 421

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

Lending 450

Lending Mortgage Inventory Business 450

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

OCTOBER 12, 2021

That is done via what is called a home-equity investment contract, or an HEI. This week, Redwood and Point, the latter founded in 2014, announced that they have completed a first-of-its-kind securitization supported by those HEI contracts. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day.

Contracts 384

Contracts Marketing Investing Real Estate 384

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

FEBRUARY 2, 2023

The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio amid a shrinking market in 2022. million last year, down from $1 billion in 2021, the company reported on Thursday. million, declining from $135 million in Q3 2022 and $173 million in Q4 2021. to 2.0%. “The

Marketing 364

Marketing Business Contracts Mortgage 364

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing 409

Marketing Mortgage Investors Legal 409

Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That bolt-like spike in rates put many mortgage lenders into crisis mode.

Marketing 384

Marketing Contracts Technology Mortgage 384

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face.

Housing Market 409

Housing Market Marketing Inventory Buyers 409

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 407

Mortgage Marketing Investors Lending 407

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 526

Housing Market Marketing Real Estate Agent Real Estate 526

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion and to nearly $9.3

Marketing 384

Marketing Investing Mortgage Investors 384

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. On these crazy days in the financial markets, I stress to people, it’s not how the trading day goes that matters; it’s the final closing number.

Inventory 450

Inventory Housing Market Marketing Mortgage 450

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist. million in 2022 from 6 million in 2021. on the index in June, an 8.7%

Marketing 441

Marketing Buyers Realtors Real Estate 441

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. The plaintiff claims that as the market began to cool, Guild began terminating some employees. The complaint was filed on Feb. 2 in a U.S.

Retail 421

Retail Contracts Loan Officers Mortgage 421

Appraisal Buzz

JANUARY 27, 2022

regions posted both month-over-month and year-over-year drops in contract activity. An index of 100 is equal to the level of contract activity in 2001. “Pending home sales faded toward the end of 2021, as a. The post Housing Market Sees a 3.8% All four major U.S. The Pending Home Sales Index (PHSI) fell 3.8%

Housing Market 195

Housing Market Contracts Marketing Realtors 195

Housing Wire

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days.

Real Estate 370

Real Estate Real Estate Agent Marketing Technology 370

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home. Appraisals below contract price will continue to be a challenge in 2022.

Contracts 98

Contracts Appraisal Sellers Buyers 98

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 404

Mortgage Law Brokerage Legal 404

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. trillion compared with 2021, according to estimates by Fannie Mae , Freddie Mac and the Mortgage Bankers Association (MBA).

Mortgage 370

Mortgage Marketing Buyers Sellers 370

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. The homebuyer trend is illustrated in Realtor.com’s latest report on the hottest housing markets in the U.S.

Contracts 420

Contracts Inventory Housing Market Marketing 420

Housing Wire

MAY 3, 2022

The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. Point’s HEI contracts — which have 10- or 30-year maturities, the latter the standard since early 2020 — address many variables in a complicated, nuanced housing market.

Contracts 431

Contracts Investors Investing Market Value 431

Housing Wire

JUNE 16, 2021

for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. Treasury yields have slid because of the uncertainty in the financial markets regarding inflation , and how the Federal Reserve may act over the next few months.” “ U.S. of total mortgage applications from 60.4%

Mortgage 515

Mortgage Contracts Marketing 515

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%.

Mortgage 512

Mortgage Contracts Construction Inventory 512

Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. Jon Irvine: First, refinance volume has already dropped significantly from 2021 to Q1 2022. The post How can brokers get ahead in a tight market?

Marketing 410

Marketing Lending Inventory Mortgage 410

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. in April 2021, to $4.51 How can brokers get ahead in a tight market? On Tuesday, the other shoe dropped.

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

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. .

Lending 397

Lending Contracts Finance Mortgage 397

Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We Job gains will steadily become important in driving local home-sales markets.

Contracts 421

Contracts Realtors Mortgage Buyers 421