Housing Wire

NOVEMBER 30, 2021

The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. In 2021, the FHFA set the baseline conforming loan limit at $548,250 , a 7.5% increase from the prior year.

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Government Mortgage Home Value Finance 533

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. Presented by: Propertybase.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

MARCH 15, 2024

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

Home Value 401

Home Value Finance Mortgage Marketing 401

Housing Wire

JANUARY 25, 2021

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7%

Home Value 545

Home Value Mortgage Buyers Marketing 545

Housing Wire

JANUARY 25, 2021

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. through December 2021.

Mortgage 523

Mortgage Home Value Real Estate Finance 523

Empire Appraisal Group

FEBRUARY 23, 2023

Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., But in last-place Idaho, values sank 0.18%. The 17.27% change in value outpaced every other state in the nation.

Home Value 78

Home Value Real Estate Housing Market Real Estate Agent 78

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

Mortgage 464

Mortgage Home Value Valuation Inventory 464

Housing Wire

AUGUST 8, 2022

Mortgage rates trended down in July from their peak above 6% in June, but that wasn’t enough to spur mortgage lending activity. The purchase lock count, which excludes the soaring home values on volume, is down 25.8% from the previous month and dropped 22% from July 2021. Rate lock volume in July fell 14.4%

Lending 369

Lending Mortgage Housing Market Home Value 369

Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I single-family home was $3,901, up 3% compared to 2021, ATTOM reported.

Property Taxes 540

Property Taxes Home Value Government Buyers 540

Housing Wire

JULY 10, 2022

Just how bad was the mortgage market in June , when rates climbed north of 6%? The company’s monthly mortgage originations report also revealed that 82% of locks in June were purchases, the lowest share of refis since the company began tracking data in 2018. Purchase rate lock volume is down nearly 16% from June 2021.

Mortgage 351

Mortgage Marketing Home Value Government 351

Housing Wire

MAY 9, 2022

Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . Compared with the same period last year, the number of rate locks by mortgage volume was down 25.4%. .

Mortgage 369

Mortgage Home Value Buyers Lending 369

Housing Wire

OCTOBER 8, 2021

The Consumer Financial Protection Bureau (CFPB) today settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations. The direct mailers advertised a prominent “estimated home value,” per the court filing, which the CFPB claimed was inflated.

Advertising 400

Advertising Home Value Lending Valuation 400

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%

Inventory 523

Inventory Home Value Housing Market Mortgage 523

Housing Wire

JULY 19, 2022

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. In the 2021 NextGen homebuyer research, two in three stated they did not think lenders were trustworthy or reliable. Generational nuances. Their research shows the U.S.

Mortgage 384

Mortgage Loan Officers Technology Real Estate 384

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. Presented by: MCT.

Finance 392

Finance Mortgage Retail Home Value 392

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. Power ’s 2021 U.S. According to J.D. The post J.D.

Mortgage 150

Mortgage Home Value Appraisal 150

Housing Wire

FEBRUARY 10, 2021

In a letter to shareholders, Zillow CEO and co-founder Rich Barton and CFO Allen Parker said the company also expects a strong first quarter of 2021. Looking ahead, our Zillow economists have made bold predictions for an even stronger housing market in 2021 than what we experienced in 2020,” the letter states. million – up 25.8%

Home Value 393

Home Value Advertising Real Estate Agent Real Estate 393

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% A sharp drop in reverse mortgage volume. The leaders in volume gains were Mutual of Omaha Mortgage (rising 45.6%

Mortgage 337

Mortgage Advertising Development Home Value 337

Housing Wire

FEBRUARY 9, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA’s Director Mark Calabria said the company’s recent actions are to “help keep families in their home during the pandemic.”

Home Value 539

Home Value Finance Government Mortgage 539

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 in volume in 2022, a decline of more than 50% from its 2021 production of $30.5

Tenants 337

Tenants Loan Officers Finance Clients 337

Housing Wire

JANUARY 31, 2021

In the days of COVID-19 and the CARES Act, mortgage servicers are staying busy working with borrowers as they make decisions regarding the future of their homes. Due to the continuing economic challenges stemming from the COVID-19 pandemic, many anticipate an increase in portfolio risk and defaults in 2021.

Mortgage 404

Mortgage Valuation Clients Home Value 404

Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The majority of title professionals were busier in 2021 than they ever have been.”. Presented by: ServiceLink.

Insurance 317

Insurance Home Value Inventory Real Estate 317

Housing Wire

OCTOBER 11, 2022

As mortgage rates rose more than 90 basis points to finish September at 6.72%, overall rate lock volumes predictably fell sharply – down 10% from August and almost 60% off levels from 2021. from September 2021. Falling rate lock dollar volume was driven by a 26.2% Falling rate lock dollar volume was driven by a 26.2%

Lending 364

Lending Home Value Mortgage Government 364

Appraisal Buzz

APRIL 2, 2024

Home prices are rising faster than wages in half the U.S., And while the portion of wages needed for home ownership dipped in the first quarter compared with the fourth quarter, it remained up annually in most of nation. Home Affordability Report. hit in the first quarter of 2021. a report from ATTOM shows.

Property Taxes 195

Property Taxes Insurance Home Value Buyers 195

Housing Wire

SEPTEMBER 8, 2021

Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight , the most in a single quarter in nearly 15 years. The driver is, of course, spiking home prices in most places. During the last downturn, in contrast, 28% of mortgage holders were fully underwater.

Home Value 432

Home Value Mortgage Government Lending 432

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. When teachers can’t afford to buy homes, school districts can’t hire teachers.

Landlords 441

Landlords Home Value Construction Renovations 441

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Lending 421

Lending Home Value Mortgage Renovations 421

Housing Wire

SEPTEMBER 12, 2022

As mortgage interest rates crept back up in August after retreating the previous month, rate lock volume dipped to a four-year low. . from the same period in 2021. from the same period in 2021. Total lock volumes were down 8.9% from July, led by a 13.9% Rate/term refi locks dropped 94.5% year over year. . year over year. .

Home Value 370

Home Value Finance Mortgage Marketing 370

Housing Wire

DECEMBER 2, 2021

Back in October, a handful of nonbanks — PennyMac , Homepoint , United Wholesale Mortgage , and Rocket Mortgage — announced that they would all be upping their conforming loan limit to $625,000 for a one-unit property. The figure, which is determined by a formula set by Congress, didn’t catch many nonbanks too off-guard.

Home Value 389

Home Value Finance Mortgage 389

Housing Wire

FEBRUARY 22, 2023

billion decreased 4% year-over-year, primarily driven by lower deferred fee income due to slower prepayments as a result of higher mortgage rates. Provision for credit losses for the fourth quarter of 2022 came in at $600 million, up from $100 million in the fourth quarter of 2021. billion in 2021.

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Government Investing Home Value Housing Market 367

Housing Wire

NOVEMBER 14, 2022

Rate lock volume has dropped by more than 60% over the past 12 months as it struggles under the weight of high mortgage rates , which closed out October at 7.06%. compared to October 2021, and rate/term refis have dropped by a staggering 92.6% Prioritizing home equity solutions in a rising rate environment. year over year.

Marketing 351

Marketing Lending Home Value Mortgage 351

Housing Wire

NOVEMBER 18, 2022

Existing home sales last month declined 5.9% That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.

Housing Market 399

Housing Market Marketing Inventory New Listings 399

Housing Wire

SEPTEMBER 7, 2022

The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023. 6, the lender said Tuesday. “We’re

Home Value 448

Home Value Mortgage Government Lending 448

Housing Wire

NOVEMBER 22, 2023

The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. 2019 level. If the nation’s largest homebuilder, D.R.

Inventory 419

Inventory Home Value Housing Market Buyers 419

Housing Wire

SEPTEMBER 22, 2022

Last year, Unlock and Salude Grade teamed up for their initial PLS offering, GRADE 2021-WL1 , a $153 million unrated securitization backed, in part, by Unlock-originated HEA contracts along with other mortgage assets acquired by the securitization trust. 21, according to Mortgage News Daily.

Marketing 369

Marketing Contracts Finance Home Value 369

Housing Wire

MARCH 14, 2022

Mortgage origination activity took a major hit in February, with rate hikes squeezing out refinance activity , both for rate-term refis and cash-outs. from January, according to the latest monthly Mortgage Monitor report from Black Knight. Overall origination activity in February was down 5.4% from the same time last year.

Home Value 376

Home Value Lending Mortgage Marketing 376

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. 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.

Home Value 470

Home Value Market Value Brokerage Inventory 470