Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. district court in Michigan.

Mortgage 411

Mortgage Law Brokerage Legal 411

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. Meanwhile, applications for refinancings fell by 7%.

Mortgage 382

Mortgage Marketing Loan Officers Contracts 382

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. The South (94.1)

Contracts 414

Contracts Realtors Mortgage Buyers 414

Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 31.9%

Mortgage 393

Mortgage Marketing Contracts Inventory 393

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 414

Housing Market Marketing Contracts Finance 414

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Marketing 382

Marketing Contracts Finance Home Value 382

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ). I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). billion for the year from $44 billion in 2022.

Mortgage 441

Mortgage Lending Retail Business 441

Housing Wire

OCTOBER 6, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. For jumbo loans, it went from 6.01% to 6.14% in the same period. All about the spread.

Mortgage 370

Mortgage Marketing Loan Officers Retail 370

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. That rate is up from 14.3% The median U.S.

Buyers 414

Buyers Mortgage New Listings Real Estate Agent 414

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. billion in Q1 2022 (which was roughly in line with industry peers).

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Loan Officers Marketing Retail Renovations 370

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. But with the tech sector in turmoil, a looming recession, and consistently elevated mortgage rates, that trend is now making an about-face. according to Redfin’s data.

Housing Market 382

Housing Market Marketing Contracts Buyers 382

Housing Wire

JANUARY 5, 2022

Mortgage applications decreased 2.7% from two weeks earlier, according to the Mortgage Bankers Association survey for the week ending Dec. Mortgage applications increased 2% the week prior, largely due to an increase in Federal Housing Administration refinances. The refinance share of mortgage activity increased to 65.4%

Mortgage 404

Mortgage Contracts Marketing 404

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 471

Buyers Mortgage Real Estate Agent Contracts 471

Housing Wire

OCTOBER 12, 2022

Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). . The mortgage composite index for the week ending Oct. Another 125 basis points in hikes are still expected to come in 2022, with a federal funds rate topping out well above 4%.

Mortgage 393

Mortgage Contracts Housing Market Marketing 393

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 370

Mortgage Marketing Buyers Sellers 370

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

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Mortgage Contracts Retail Inventory 424

Housing Wire

MAY 18, 2022

Individuals across the country put the American dream of homeownership on standby for the week ending May 13, reducing mortgage application volume by 11% compared to the prior week, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. Total originations are expected to be at $2.5 trillion last year.

Mortgage 393

Mortgage Contracts Retail Marketing 393

Housing Wire

JANUARY 5, 2023

residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. .

Marketing 442

Marketing Investors Mortgage Contracts 442

Housing Wire

DECEMBER 20, 2022

The economy improved in the second quarter of 2022, but don’t fool yourself. The housing market will continue to slow down in 2023 , even though mortgage rates have declined recently. in 2022 and drop 0.5% in 2022 and drop 0.5% So what does it mean for the housing market ? . million units in 2022, up from 5.67

Housing Market 370

Housing Market Marketing Contracts Mortgage 370

Housing Wire

AUGUST 5, 2022

Guild Mortgage ’s second-quarter earnings suggest that a high share of purchase loans won’t necessarily be enough to protect lenders from the most challenging and volatile mortgage market in years. But it went down 30% from the first half of 2021 to the first half of 2022, to $412.7 million from April to June.

Retail 382

Retail Contracts Mortgage Inventory 382

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% The post MBA: Mortgage apps decline 2.3% from the previous week.

Mortgage 424

Mortgage Contracts Retail Marketing 424

Housing Wire

JULY 13, 2022

Demand for mortgages declined for the second consecutive week, led by a dip in purchase mortgage applications — despite rates on a downward trend. The market composite index, a measure of mortgage loan application volume, decreased 1.7% for the week ending July 8, according to the Mortgage Bankers Association (MBA).

Mortgage 393

Mortgage Retail Contracts Government 393

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. at the end of 2022.

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Housing Market Marketing Inventory Buyers 404

Housing Wire

FEBRUARY 2, 2023

The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio amid a shrinking market in 2022. In Q4 2022, the net income came in at $37.6 million, declining from $135 million in Q3 2022 and $173 million in Q4 2021. trillion to $1.9 in 2021 to 15.3%

Marketing 369

Marketing Business Contracts Mortgage 369

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 393

Mortgage Loan Officers New Listings Government 393

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Other indices put mortgage rates even higher. It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. Randy Howell, president of Mortgage Power Inc.

Mortgage 382

Mortgage Contracts Loan Officers Insurance 382

Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

Technology 414

Technology Contracts Insurance Government 414

Housing Wire

NOVEMBER 29, 2022

Mortgage rates dropped last week, but it wasn’t enough to spur mortgage demand. The market composite index, a measure of mortgage loan application volume, declined 0.8% from the previous week, according to the Mortgage Bankers Association. retail residential mortgage applications.

Mortgage 370

Mortgage Contracts Retail Marketing 370

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison expects to bring three additional securitization deals to market in 2022, according to a company executive.

Investing 368

Investing Marketing Contracts Investors 368

Housing Wire

DECEMBER 11, 2020

With it behind us, let’s look ahead at several housing market trends that are likely in 2021 and beyond. First, exceptionally low mortgage rates are likely to be around for an extended period. The Federal Reserve is expected to continue an accommodative monetary policy and keep the federal funds target below 0.25% through 2022.

Housing Market 545

Housing Market Marketing Contracts Mortgage 545

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market. from the week prior.

Mortgage 382

Mortgage Loan Officers Investors Government 382

Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

Mortgage 506

Mortgage Contracts Construction Inventory 506

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. The appraisal industry faced a shortage of appraisers during the hot housing market.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

OCTOBER 19, 2022

Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). That indicates lenders may still face substantial declines in their origination volume in the last quarter of 2022. retail residential mortgage applications.

Mortgage 393

Mortgage Contracts Retail Marketing 393

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . ” Uptick in applications . .

Mortgage 404

Mortgage Housing Market Retail Contracts 404

Housing Wire

SEPTEMBER 29, 2022

Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% How lenders can improve business models in 2022. retail, residential mortgage applications.

Mortgage 369

Mortgage Retail Contracts Business 369