Housing Wire

AUGUST 5, 2022

Looking ahead, we expect gain-on-sale margins to stabilize in the second half of this year, assuming excess capacity continues to contract, thereby driving more favorable pricing dynamics over time,” Terry Schmidt, Guild’s president, told analysts. But it went down 30% from the first half of 2021 to the first half of 2022, to $412.7

Retail 374

Retail Contracts Mortgage Inventory 374

Appraisal Buzz

MAY 26, 2022

Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reports. Each of the four regions registered a drop in year-over-year contract activity. The post Pending Home Sales Decrease Nearly 4 Percent in April 2022 appeared first on Appraisal Buzz.

Contracts 195

Contracts Realtors Appraisal 195

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 382

Buyers Contracts Agents Realtors 382

Housing Wire

MARCH 27, 2024

.” The selection of Davids as president serves as the culmination of a search for a new leader that began in 2022, according to the foundation. At that time, outgoing president Dave Bunton informed the foundation that he would be retiring at the end of his current contract. Bunton’s contract with the organization expires on Dec.

Appraisal 388

Appraisal Contracts Real Estate Valuation 388

Housing Wire

APRIL 18, 2024

McDermott joined G-Rate when the lender acquired Superior Mortgage in 2012, and resigned in November 2022. She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. “We know Megan very well and treasured her 10 years with the company.

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Loan Officers Human Resources Contracts Mortgage 425

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. 2022 marked a unique time for homebuilders. Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Subcontractor Delays.

Marketing 464

Marketing Contracts Supply Chain Project Management 464

Housing Wire

MARCH 18, 2024

More than three years later, in November 2023, an arbitrator issued an interim award granting, in part, Black Knight ‘s breach of contract claim while denying the allegations of trade secrets misappropriation and injunctive and declaratory relief. million in damages related to a breach of contract claim, plus interest and attorneys fees.

Legal 367

Legal Contracts Technology Development 367

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. The terms of the deal were not disclosed.

Contracts 366

Contracts Real Estate Agent Tenants Retail 366

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Still, 22 of contracts terminating isn't a anything to ignore. As inflation runs roughshod over the country, there are multiple factors playing a role in contracts terminating. Nationally, 14.9 in Mar '20 and 16.4

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Contracts Sellers Buyers Agents 52

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.

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Contracts Appraisal Sellers Buyers 98

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% from February 2022. After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from the prior month, though in-contract deals were still down 17% from February 2022.

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Contracts Realtors Home Value Housing Market 300

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. MLD Mortgage, doing business as Money Store, posted origination volume of $906 million in 2022, according to data from mortgage tech platform Modex.

Mortgage 288

Mortgage Contracts Legal Business 288

Housing Wire

FEBRUARY 8, 2023

The 30-year fixed rate is almost a percentage point below its recent high of 7.16% in October 2022,” said Joel Kan, MBA’s vice president and deputy chief economist. A day later, mortgage rates shot back up to 6.18%, which nevertheless represented the fifth consecutive weekly decline in rates. Overall, the refinance share of activity was 33.9%

Mortgage 367

Mortgage Contracts Inventory Marketing 367

Housing Wire

JANUARY 4, 2023

The lender said that despite not formally renewing the contract, CAVU continued to provide the services as of September 2022. The employees’ PrimeLending contracts had non-solicitation, non-interference and confidentiality clauses, according to the lawsuit.

Loan Officers 451

Loan Officers Contracts Mortgage Legal 451

Housing Wire

FEBRUARY 15, 2024

billion net loss in 2022 due to the drastic housing market slowdown in the second half of the year, Opendoor greatly curtailed its spending and home acquisition speed in 2023. Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022.

Business 356

Business Advertising Inventory Contracts 356

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 Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreement by changing the driver of the car starting in May 2022. District Court in Florida in December.

Legal 298

Legal Contracts Lending Loan Officers 298

Housing Wire

MARCH 10, 2023

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022. billion fourth-quarter 2022 volume of HELOC loans was down 17% from $72.3 billion in 2021 to $9.6

Housing Market 366

Housing Market Marketing Contracts Lending 366

Housing Wire

MARCH 19, 2024

Plaintiff’s bald, conclusory allegation that the parties somehow ‘agreed’ to the 2022 unsigned amendment to the 2018 wholesale broker agreement as a complete and total replacement for the 2018 wholesale broker agreement in some unidentified manner is entirely implausible as a matter of law,” according to Atlantic Trust.

Mortgage 342

Mortgage Law Brokerage Legal 342

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Compared to 2022, NAR expects the sale of new homes to grow by 4.5% between 2022 and 2023, settling at 1.39 They project it to grow by another 19.4%

Inventory 388

Inventory Contracts Housing Market Realtors 388

Housing Wire

SEPTEMBER 22, 2022

The PLS transaction, called UNLOK 2022-1, involves $144 million of unrated senior Class A notes, $18 million of mezzanine Class B securities and $18 million of mezzanine Class C securities. 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.

Marketing 377

Marketing Contracts Finance Home Value 377

Inman

FEBRUARY 5, 2024

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.

New Listings 151

New Listings Contracts Inventory Real Estate 151

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. lower than October 2022 when inventory was at 1.22 months in October 2022.

Inventory 402

Inventory Realtors New Listings Contracts 402

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. The company cut about 75% of its workforce from the summer of 2021 to about 1,000 in the fall of 2022. trillion in 2023.

Lending 378

Lending Contracts Finance Mortgage 378

Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

Technology 374

Technology Contracts Insurance Government 374

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If year over year in 2022, to 5.19 million units.

Contracts 366

Contracts Realtors Inventory Marketing 366

Housing Wire

JANUARY 5, 2022

But the trade association anticipates that 2022 will surpass it, predicting that total purchase activity will reach $1.74 Mike Fratantoni, chief economist at the MBA, forecast that millennials reaching peak first-time homebuyer age, a strong job market and continued increases in home prices will all contribute to a record-breaking 2022.

Mortgage 404

Mortgage Contracts Marketing 404

Housing Wire

AUGUST 3, 2023

The firm’s revenues came in at $2 billion in the second quarter of 2023, down 37% compared to the previous quarter and 53% related to 2Q 2022. Total operating expenses declined to $217 million, compared to $294 million in Q1 2023 and $454 million in Q2 2022. housing market,” Wheeler said.

Inventory 344

Inventory Contracts Sellers Housing Market 344

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

Housing Market 405

Housing Market Marketing Contracts Finance 405

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. A Movement representative did not return a request for comments.

Retail 388

Retail Contracts Legal Business 388

Housing Wire

MARCH 21, 2024

Bolstered by its 2022 acquisition of Homepoint ’s delegated correspondent channel, Planet originated $13.9 By contract, the country’s top 50 lenders as a whole saw volumes fall by more than 50% during the same period. billion in the first six months of last year, an 11.7%

Lending 360

Lending Retail Contracts Construction 360

Housing Wire

JANUARY 30, 2023

The group also alleges that the company conducted a defamatory campaign against them after their layoffs in July 2022. According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. The company originated $12 billion in 2022, down 62.2%

Loan Officers 459

Loan Officers Retail Contracts Mortgage 459

Housing Wire

MARCH 10, 2023

Despite the housing market cool down , homeowners with mortgages , which accounts for roughly 63% of all properties, gained $1 trillion in equity between the fourth quarter of 2021 and the fourth quarter of 2022, according to a report released Thursday by CoreLogic. of all mortgage properties in the fourth quarter of 2022.

Contracts 351

Contracts Housing Market Mortgage Marketing 351

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

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

Government 345

Government Contracts Finance Lending 345

Housing Wire

JANUARY 12, 2022

7, 2022, according to a survey published by the Mortgage Bankers Association this week. Here is a more detailed breakdown of this week’s mortgage applications data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.52% from 3.33%.

Mortgage 441

Mortgage Contracts Inventory 441

Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. from the fourth quarter of 2021.

Contracts 362

Contracts Lending Investing Investors 362

Housing Wire

MARCH 27, 2023

In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. That’s a significant decline from February 2022, when 38% of homes in Austin were under contract within two weeks of being listed. according to Redfin’s data. Pending sales also dropped by 40%.

Housing Market 361

Housing Market Marketing Contracts Buyers 361