Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 407

Mortgage Insurance Tools Business 407

Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Are you planning to buy a home in 2021? Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage.

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Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

FEBRUARY 6, 2024

home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster. Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up.

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Real Estate Agent Real Estate Sellers Buyers 395

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

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Insurance Loan Officers Sellers Mortgage 367

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. 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.

Mortgage 366

Mortgage Marketing Buyers Sellers 366

Housing Wire

JANUARY 26, 2022

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. These risks should be top-of-mind for mortgage professionals, as evidenced by recent changes at Freddie Mac that emphasize risk mitigation and cybersecurity efforts. Additionally, Q4 2021 saw a 5.4%

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Insurance Agents Technology Sellers 313

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 391

Mortgage Loan Officers Finance Investors 391

Housing Wire

AUGUST 8, 2022

Representatives for credit unions have sought the change since July 2021, when Ginnie Mae announced new proposed capital requirements. ” The change in approach exempts those two groups from capital requirements Ginnie Mae floated in 2021, drawing sharp criticism from industry stakeholders. .”

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Finance Mortgage Insurance Government 373

Housing Wire

JANUARY 10, 2022

Stewart Title appears to be starting 2022 exactly where it left off in 2021. The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. Homeland Title has served homebuyers and sellers in middle Tennessee since 2003. This is down from 9.6%

Investing 407

Investing Insurance Real Estate Sellers 407

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. The “Big Four” take on the upstarts in title insurance. 2022 Forecast series.

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Housing Market Marketing Supply Chain Mortgage 404

Housing Wire

APRIL 1, 2024

“And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.” The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market.

Finance 397

Finance Investing Real Estate Agent Real Estate 397

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. Yet help might be on the way.

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Business Finance Buyers Lending 418

Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. “A 30-year fixed rate mortgage is an unusual beast,” Boston said.

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Marketing Insurance Investors Mortgage 344

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

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Insurance Housing Market Marketing Agents 403

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. Credit repair and management tactics A healthy credit score secures a favorable mortgage rate.

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Agents Buyers Sellers Inventory 397

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As These are market-based decisions.”

Housing Market 372

Housing Market Renovations Marketing Retail 372

Housing Wire

OCTOBER 12, 2022

The integration also aims to tackle the payment procedure during a real estate closing, in which several parties receive payments through sources like broker/agent commissions, underwriter fees, title search fees, taxes, payoffs and seller proceeds.

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Architecture Real Estate Training Design 376

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2%

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. As of Sept. As of Sept. Here is how Hurst, via email, responded to our questions.

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Mortgage Real Estate Investing Technology 350

Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. It is a solid seller ’s market with an Altos Market Action index score of 54. “We

Housing Market 368

Housing Market Marketing Inventory Buyers 368

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

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Contracts Tenants Legal Sellers 143

Housing Wire

JANUARY 12, 2023

That is the smallest 12-month increase since the year ending in October 2021, according to data released Thursday by the Bureau of Labor Statistics (BLS). With less pressure on the Federal Reserve, mortgage rates have likely hit their peak for the cycle and will now start to come down slowly. in December compared to one year ago.

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Sellers Buyers Insurance Housing Market 333

Housing Wire

MAY 10, 2023

This is the smallest 12 month increase since the year ending April 2021 and the 10th consecutive month of declines. Indexes that contributed to the annual increase were food (+7.7%), motor vehicle insurance (+15.5%), household furnishings and operations (+5.3%), recreation (+5.0%), and new vehicles (+5.4%). compared to April 2022.

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Housing Market Insurance Realtors Buyers 363

Lamacchia Realty

MAY 14, 2021

FLORIDA HOME INSURANCE. Getting homeowners insurance is a necessity to be prepared and save yourself from costly damages or issues in the long run. What is Home Insurance? Home insurance can be tailored to offer the amount of coverage you need and is typically paid with monthly premium payments. What Does it Cover?

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Insurance Real Estate Agent Realty Real Estate 38

Housing Wire

JULY 1, 2022

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or MIAC Analytics, as exclusive representative for the seller, is pleased to offer for your review and consideration a $5.22

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Marketing Valuation Insurance Mortgage 321

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. Purchase apps had a small week-to-week gain. This link explains the difference and is worth a read.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

APRIL 12, 2022

In return, the Samson agent is asked – not told, asked – to refer clients to Cardinal Title Group , a title insurer wholly owned by Samson. “I billion in 2021 sales volume, a 71% leap from 2020. The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side).

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Lamacchia Realty

MARCH 11, 2024

These regulations included two changes, the first to Significant Deferred Maintenance/Special Assessments and secondly to Insurance Deductibles. Insurance Deductibles The second updated guideline is with respect to insurance deductibles. As with any tightened policy, however, the buying process is officially more cumbersome.

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Buyers Lending Insurance Mortgage 66

Housing Wire

APRIL 30, 2023

The other focus should be where mortgage rates go; only a little happened last week. Mortgage rates, once again, didn’t move too much this last week; the bottom level range was 6.50%, while the top was 6.67%; we ended the week at 6.59%. The fear of not having an increase in inventory this spring should be put to rest.

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Inventory Housing Market Marketing New Listings 515

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. In its seventh securitization on June 14, The Change Company attracted 16 investors to a $306 million offering, including money managers, banks, insurance companies, and private funds.

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Investors Law Insurance Lending 332

Housing Wire

APRIL 23, 2021

Texas Capital Bank is selling its entire $14 billion book of mortgage servicing rights to PHH Mortgage , a subsidiary of Ocwen Financial Corp , for a “modest profit.” Texas Capital’s correspondent lending business originated approximately $2.4 Ocwen also scored a different kind of victory this week.

Business 190

Business Lending Insurance Sellers 190

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance.

Sellers 435

Sellers Marketing Market Value Home Value 435

The Robert Weiler Company

JANUARY 7, 2021

Indemnity and Insurance. What type of insurance can you maintain or obtain (e.g., comprehensive public liability insurance, fire and extended coverage insurance)? And what is the cost of insurance? Cooperation Respecting Mortgages. Estoppel Certificate. Entry by Landlord.

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Landlords Tenants Real Estate Law 148

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. in November 2021, down from 14.8%

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Mortgage Government Contracts Insurance 345

Housing Wire

JULY 12, 2022

Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible. The seller accepts it; they go into contract. The mortgage industry, per the latest jobs report from the U.S.

Appraisal 404

Appraisal Inspection Real Estate Agent Training 404

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

Law 433

Law Legal Technology Real Estate 433

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Absent hard proof, that potential move by the lender is still in the arena of rumor at this point, but perceptions do affect buyer and seller choices in the market.

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Buyers Investing Mortgage Marketing 344