Housing Wire

DECEMBER 13, 2023

With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels. A recent report from real estate investment firm The Amherst Group forecasts that the combined net issuance of agency MBS is projected at $250 billion for 2023, compared with $530 billion last year.

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Mortgage Marketing Investors Lending 404

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

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Housing Market Marketing Contracts Lending 370

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 Apr '20.

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Housing Wire

FEBRUARY 7, 2023

Like its peers, loanDepot is struggling amid a contracting mortgage market. million loss in the third quarter of 2022, when origination volumes declined to $12.4 loanDepot’s headcount has nearly halved from 11,300 at year-end 2021 to approximately 6,100 at the end of September 2022.

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Real Estate Legal Contracts Mortgage 381

Housing Wire

JUNE 23, 2022

Austin-based mortgage tech platform UpEquity laid off around 10% of its workforce last week, proof that the rising interest rate landscape hurts real estate technology companies, too. . In states where purchase contracts can’t be assigned, UpEquity buys the home upfront and writes the mortgage after closing the deal.

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Buyers Investors Technology Training 393

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise. offers, according NAR’s REALTORS® Confidence Index.

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Buyers Realtors Inventory Sellers 471

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

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Marketing Mortgage Investors Sellers 424

Housing Wire

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. Investor demand tends to increase at times when most borrowers are waiting for rates to decline, Justin Fullmer, area manager in Idaho for Future Mortgage , told HousingWire. from the week prior. ” Who is jumping into the market?

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Housing Wire

JULY 12, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

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Housing Wire

JUNE 9, 2022

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. The good news, according to both Toohig and Yoon, is that in the second quarter of 2022, so far, the extreme rate volatility has abated.

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Housing Wire

APRIL 7, 2023

trillion in commercial real estate debt will mature, “… by far more than any 5-year period in history.” compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. What does this sound like to you? I think so too.

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Retail Real Estate Clients Modernization 393

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. Fraud risk continues to rise even as the market contracts . According to a Q2 analysis by FundingShield, there was a 40.69% increase in wire-related issues compared to Q1 2022. Presented by: FundingShield.

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Mortgage Finance Retail Business 393

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . The share of non-primary residence buyers is now at 16% from a high of 22% in January 2022.

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Realtors Housing Market Marketing Buyers 393

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. Who will buy these assets?

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Marketing Investing Mortgage Investors 382

Housing Wire

FEBRUARY 24, 2022

On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 Our adjusted earnings in the fourth quarter reflect the best quarter in the company’s history,” newly appointed CEO Mike Nolan said during a call with investors. billion, with $1.0

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Insurance Investors Technology Development 382

Listing Spark

JULY 21, 2023

Flipping homes is a lucrative real estate investment strategy, but it can also be a risky one. A popular consideration is getting a real estate license. After all, you can then search for homes on the MLS, negotiate contracts without a real estate agent (or expensive commission), and then list it back on the MLS.

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Real Estate Real Estate Agent Agents Investors 36

The Robert Weiler Company

SEPTEMBER 9, 2022

Land investors choose land to buy in Ohio for many reasons. And there is less competition when buying land than other real estate markets. Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. How to Buy Land in Ohio.

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Real Estate Buyers Contracts Development 78

Housing Wire

APRIL 3, 2023

In media interviews and on earnings calls, Reffkin is forced to defend Compass’s mounting losses and the underlying strength of its business – in 2022 , Compass recorded a net loss of $601 million despite raking in revenue – up 6% to $6.02 This meant slowing growth or contraction at a lot of previously high-flying proptech companies.

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Brokerage Real Estate Housing Market Business 391

Hank Miller Team

OCTOBER 6, 2022

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. Stop the insentient blathering about impending real estate Armageddon, the data is not there. The Atlanta housing market in Q3 2022 did not melt down. Atlanta Housing Market in Q3 2022 Let’s have a look at factual data.

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Supply Chain Contracts Housing Market Inventory 52

Housing Wire

MARCH 25, 2024

Meanwhile, investors are taking steps to acquire the business. For instance, former Treasury Secretary Steven Mnuchin — who recently injected capital into Flagstar Bank ’s struggling owner, New York Community Bancorp — announced his intention to form an investor group to purchase the video app. “In

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Loan Officers Tools Business Clients 423

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. While the real estate agent gets a commission, whether an LO gets paid from an assumable mortgage depends on their individual lender’s setup.

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Mortgage Loan Officers Government Buyers 382

Housing Wire

JULY 12, 2022

Dubbed “Lock & Shop,” the product, rolled out in mid-June, has two terms: the 75-day lock, which gives borrowers 45 days to shop and 30 days to close the contract; or the 90-day lock, giving customers 60 days to find a home and 30 days to complete the contract. . The product also allows a one-time float down if rates decline.

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Mortgage Contracts Valuation Marketing 382

Housing Wire

JULY 12, 2022

The yield for both prime and nonprime PLS issuance, as measured by the weighted average coupon (WAC), fell below conforming mortgage rates as of June 2022, the period covered by the KBRA report. For the prime sector, the WAC as of June 2022, according to the KBRA report, stood at 3.36%. billion.

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Mortgage Marketing Contracts Real Estate 370

Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. How to vet real estate agents as a seller. 00:02:50] Peaking into the Fall 2022 Austin housing market. powered by Sounder.

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

MARCH 3, 2022

People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company.

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Brokerage Agents Real Estate Law 370

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% However, seasonality will kick in soon, and it doesn’t look that 2022 will get us there. million in January of 2022. from July to a seasonally adjusted annual rate of 4.80 million in August.” It would have fallen slightly from last’s 3.3

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Inventory Housing Market New Listings Mortgage 450

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%.

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Mortgage Clients Retail Marketing 370

Birmingham Appraisal

MAY 11, 2022

With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. A shocking stat to me was the steep increase in median prices for the month of March from 2017 to 2022. Year over year numbers from 2017 to 2022 is down for active listings.

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Housing Market Marketing Inventory Buyers 52

Housing Wire

APRIL 14, 2022

You don’t know what investor demand is going to be. When new MBS runoff-replacement contraction program will begin is not clear at this point. As of January 2022, Fannie’s asset portfolio stood at $108.5 It’s just hard to tell exactly what will happen because there’s so many currents,” Goodman explained.

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Marketing Investors Government Investing 404

Listing Spark

DECEMBER 2, 2022

Unfortunately a contract’s “as-is” clause can be confusing for some sellers. The “as-is” clause on a standard Texas TREC contract can be confusing for some home-sellers. A buyer might check the box in the contract that says they are purchasing the home as-is. How can that be possible?

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Contracts Sellers Inspection Buyers 36

Housing Wire

OCTOBER 21, 2022

2022 and 2023 will not mirror the conditions of 2008 and beyond. trillion in origination volume for 2022. But in combination with uncertainty about interest rates and the overall economy, the fact is that there will be industry contraction into 2023. But they won’t resemble 2020 either. Fannie Mae recently told us it expects $2.6

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Marketing Business Agents Investing 284

Listing Spark

APRIL 17, 2024

House flipping isn’t just an opportunity for big real estate companies or home improvement television channels—it’s becoming a reliable source of income for Americans running a solo business or small real estate investment venture. This trend changes the landscape for real estate investors and house flippers.

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Tools Modernization Real Estate Real Estate Agent 36

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 66

Housing Wire

JULY 17, 2023

The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. By October 2022, it looked like 2023 would have rising inventory and falling home prices. is $450,000.

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Real Estate Marketing Inventory Contracts 369

Listing Spark

AUGUST 31, 2023

Real estate investments are more than just a hedge against inflation and a way to diversify your holdings. for general residential real estate, 9.5% for commercial real estate, and 11.8% Should Real Estate Investors Get a Real Estate License?:

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Real Estate Investors Investing Real Estate Agent 36

Housing Wire

OCTOBER 24, 2022

Within the span of a week, San Francisco-based digital real estate unicorn Roofstock completed its first property sale through non-fungible token (NFT) and laid off about 20% of its workforce. Roofstock raised in March 2022 about $240 million in Series E funding, led by SoftBank Vision Fund 2 , which brought its total valuation to $1.94

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Real Estate Investing Investors Business 393

Listing Spark

DECEMBER 15, 2022

In this episode, we’ll learn more about his approach, how he finds and closes deals, and best practices for working with banks and private investors. What tools and services investors should use if they want to get into owner financing. What to expect in the real estate market at the end of 2022.

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