Remove 2022 Remove Development Remove Housing Market Remove Tools
article thumbnail

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

Public health officials note that we have many more tools to address this latest — and likely not the last — challenge. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market. today, will reach 4% by the end of 2022.

Marketing 447
article thumbnail

Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. More than 57% of investors have priced in at least a quarter-point cut in March, according to the CME Group’s FedWatch tool. The Fed next meets on Jan.

Mortgage 527
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Past HW TECH100 honorees share their tech predictions for 2023

Housing Wire

In the midst of a challenging housing market, standing out from the crowd has never been more important. we’re seeing some impressive submissions from organizations working hard to stake their claim on the industry’s most prestigious list in housing tech.

Tools 329
article thumbnail

How lenders can improve business models in 2022

Housing Wire

As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. Can you Automate the task internally using robotics process automation, workflow management or similar automation tool? I think so.

Business 340
article thumbnail

Opinion: IMB servicers do a better job than banks on loss mitigation

Housing Wire

Moreover, instead of the longstanding prevalence of banks holding loans in portfolio, we needed to develop de novo standardized loss-mitigation programs for new-fangled structures called mortgage-backed securities. Take Federal Housing Administration (FHA) single-family loans. How did this work during COVID?

Tools 307
article thumbnail

Reverse purchase financing: The financing option no one is talking about

Housing Wire

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. What is reverse purchase financing?

Finance 415
article thumbnail

The state of the homebuilding market

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. 2022 marked a unique time for homebuilders. of builders who experienced an increase in their sales revenue in 2022. Quality Leads.

Marketing 433