Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

MAY 19, 2021

A full month of sub-3% mortgage rates , ongoing housing market supply constraints, and a 300% increase in lumber prices over the past 15 months has prompted Fannie Mae ‘s Economic and Strategic Group to revise several of its 2021 forecasts. in 2021 compared to 2020, but has yet to take into account the 13.4% drop in April.

Housing Market 510

Housing Market Marketing Mortgage Inventory 510

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

Mortgage 383

Mortgage Inventory Housing Market Construction 383

Housing Wire

JUNE 1, 2021

2021 HousingWire Rising Star Matt Jones, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. And for housing in particular, some of the biggest questions that Jones recalls were, “What happens to the people who can’t pay their rent or mortgage?” Senate Finance Committee. BECOME A MEMBER TODAY.

Mortgage 261

Mortgage Finance Investors Business 261

Housing Wire

JULY 6, 2022

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. Sprout does most of its business through mortgage brokers.

Mortgage 493

Mortgage Retail Investors Business 493

Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers.

Investors 317

Investors Marketing Contracts Investing 317

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. He added that Splitero was looking for other investors and hinted that the company would have some good news to share soon. Personally, I think it’s a great proof point for the space.

Investors 358

Investors Investing Contracts Loan Officers 358

Housing Wire

JANUARY 20, 2022

This number is in line with my sales range for 2021 of 5.84 From NAR: In the last few months of the year, existing home sales have been outperforming my sales ranges noticeably, and I talked about how sales could moderate, but mortgage demand ended 2021 on a solid note. million to 6.2 million and 6.16

Inventory 455

Inventory Housing Market Marketing Mortgage 455

Appraisal Buzz

MARCH 21, 2022

Commercial and multifamily mortgage delinquencies declined in the fourth quarter of 2021, according to the Mortgage Bankers Association ‘s (MBA) latest Commercial/Multifamily Delinquency Report. “Delinquencies for some sectors appear to remain elevated for one of two reasons. .

Mortgage 195

Mortgage Real Estate Investors Appraisal 195

Housing Wire

AUGUST 26, 2021

Some of these properties have tenants already residing in them, giving investors the opportunity to buy and sell the home without the renters being forced to vacate. Like many mortgage and real estate entities in 2020 and 2021, Roofstock got a cut of that sweet, sweet housing market upswing. And opportunities abound.

Real Estate 389

Real Estate Investors Property Management Tenants 389

Housing Wire

APRIL 28, 2022

The pace of purchase-loan originations as well as transactions in the private-label securities market started to slow by the second quarter of this year as interest rates continued to spike, according to mortgage industry experts. Many of the mortgage loans traded through MAXEX’s platform find their way into PLS transactions. “We

Investors 285

Investors Marketing Investing Inventory 285

Housing Wire

JANUARY 26, 2022

Experienced real estate investors often say that there are opportunities in every market — whether prices are rising or falling, whether the trends lean towards a buyers’ market or a seller’s market. All these investors need are properties to sell or rent. The event is exclusively for HW+ members , and you can go here to register.

Real Estate 424

Real Estate Investors Inventory Business 424

Housing Wire

APRIL 4, 2023

Add Moon Mortgage to the list of fintechs offering crypto-backed mortgages. It has to be about how an investor can use it for real-world gains,” Tristan Marino, who co-founded the company with Aaron Nevin in 2022 after their frustration with the lack of digital asset applications, said in a statement.

Mortgage 334

Mortgage Investors Retail Investing 334

Housing Wire

JUNE 21, 2022

Investors provide capital necessary for many families to fulfill their aspirations of living in a house whether renting or owning. How can investors help with homeownership? Let’s switch gears and consider how investors help with home ownership. of all flipped homes in Q3 2021 went to FHA buyers. were built before 1980.

Investors 387

Investors Renovations Inspection Government 387

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 326

Mortgage Marketing Investors Lending 326

Housing Wire

APRIL 19, 2021

Real estate investors buy to flip a home for a profit or get rental income, but they’re not the majority of buyers in America each year. For the majority of mortgage holders, the loan is the cost of shelter. Ordinary people needed shelter and wanted to take advantage of low mortgage rates and less competition.

Housing Market 540

Housing Market Marketing Real Estate Investing 540

Housing Wire

AUGUST 2, 2021

Digital title provider Doma has finally gone public, but has already had to pay out nearly $300 million to early investors who redeemed their shares. But investors in Capitol exercised rights to redeem nearly 30 million public shares in the company in connection with the merger. .” million in 2021 and above $600 million in 2023.

Investors 372

Investors Investing Real Estate Clients 372

Housing Wire

FEBRUARY 10, 2022

A Rocket Companies ’ investor filed a stockholder derivative complaint on Monday that accuses the company’s chairman of using non-public information to sell stocks and avoid material losses. The lawsuit, first reported by Reuters, was filed in the Delaware Chancery Court by an investor, Christopher Vargoshe. He sold 20.2

Investors 378

Investors Legal Law Investing 378

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

Buyers 339

Buyers Mortgage Agents Investors 339

Housing Wire

MAY 9, 2022

The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

Investors 393

Investors Insurance Buyers Contracts 393

Housing Wire

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Freedom Mortgage. Mortgage Connect.

Insurance 393

Insurance Lending Realty Finance 393

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. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 340

Mortgage Marketing Retail Construction 340

Housing Wire

APRIL 7, 2021

And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. Mortgage applications decreased 2.2%, according to the March 31 report from the Mortgage Bankers Association. points to 81.7.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

JULY 26, 2022

When it comes to continuing suspensions of policies that roiled the mortgage market in 2021, the ball is now in the U.S. Both FHFA and Treasury declined to provide information about the specific staff responsible for the agreement which governs most of the mortgage market. Treasury ‘s court. billion per calendar year.

Investors 357

Investors Finance Government Mortgage 357

Housing Wire

SEPTEMBER 26, 2023

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day.

Mortgage 363

Mortgage Investors Finance Technology 363

Housing Wire

FEBRUARY 21, 2024

Blackstone had already invested heavily in the single-family rental space when it bought Home Partners of America in a deal that valued the company at $6 billion in 2021. But 2024’s deals show investor interest has persisted.

Investors 421

Investors Construction Real Estate Inventory 421

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question of feast or famine. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM.

Mortgage 354

Mortgage Investors Business Lending 354

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Do they need a pre-closing investor review? Of that volume, $6.2

Investors 314

Investors Investing Insurance Lending 314

Housing Wire

FEBRUARY 22, 2023

Leading property data and analytics company CoreLogic has acquired Roostify , a digital mortgage technology provider. In its statement, CoreLogic said integrating Roostify ‘s mortgage platform into its own network of data assets and workflow platforms would reduce errors and help streamline the mortgage process.

Mortgage 326

Mortgage Loan Conditions Technology Lending 326

Housing Wire

FEBRUARY 14, 2024

The rapid collapse of four regional banks that began last March shocked regulators and investors alike. The demise of those banks, which had relied in part on friendly terms on jumbo mortgage loans to entice wealthier clients, had lasting effects on the mortgage landscape – as part I and part II of our jumbo series show.

Mortgage 369

Mortgage Real Estate Insurance Tenants 369

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 The lender securitized four deals in 2021.

Mortgage 385

Mortgage Investors Development Investing 385

Housing Wire

FEBRUARY 2, 2022

“The supply side of the equation has been extremely challenging, with no clear signs as to when things will get better,” Marshall told investors, time and again bemoaning “labor shortages” and “significant disruptions in the supply chain.”. billion in 2021 net income, a 38% leap from $1.41 The Atlanta-headquartered company reported $1.95

Supply Chain 302

Supply Chain Investors Construction Buyers 302

Housing Wire

JANUARY 27, 2023

On the other hand, mortgage rates have gone down more than 1% since Oct. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products. percent) below the 2021 figure of 771,000.

Mortgage 532

Mortgage Construction Buyers Inventory 532

Housing Wire

JANUARY 23, 2023

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Tavant, an HW Tech100 winner for multiple years, helped underwrite more than 80,000 loans in 2021.

Lending 350

Lending Mortgage Technology Design 350

Housing Wire

MAY 29, 2024

Earlier this year, New Jersey-based mortgage broker Joe Racamato, president of Silex Financial Group Inc., Traditionally, Silex Financial Group ran the initial numbers for a potential borrower to qualify for a mortgage based on what’s on their credit report, according to Racamato. Meanwhile, BNPL loans are growing rapidly.

Mortgage 347

Mortgage Clients Sellers Loan Officers 347

Housing Wire

MARCH 20, 2024

As with investors strengthening their bets of an initial rate cut in June, that same sentiment is shared among housing pros. “I The average 30-year fixed mortgage rate was at 7.09% on Wednesday, compared to 6.66% a year ago, according to HousingWire’s Mortgage Rates Center.

Mortgage 389

Mortgage Government Lending Investors 389

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Mortgage 339

Mortgage Technology Investors Business 339