Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. 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. . Historically 2.5

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Housing Wire

JUNE 30, 2022

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. Our brokers are our partners.

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Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Housing Wire

NOVEMBER 9, 2023

According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. Our pipeline is up about 24% since July and we’re going to fund almost 23% more loans in 2023 than we did in 2022,” he said. “So Acra is being cautious, Lind said, tightening its lending guidelines.

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Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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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.

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Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. How long that can continue is hard to say.”

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Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen.

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Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” billion in 2023, an increase from $2.1 billion last year.

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Housing Wire

JULY 12, 2023

High tappable home equity — the amount available for homeowners to access from their home while retaining at least 20% equity in their homes — has been a bright spot in a bleak housing market due to stubborn inflation and high interest rates. Figure recently eclipsed over $6 billion in HELOC originations, the company said.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

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Mortgage Legal Lending Investors 370

Housing Wire

APRIL 10, 2023

While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. by the end of the month, Black Knight’s Optimal Blue mortgage market indices showed. The disproportionate surge in purchase lending pushed the refi share of the market mix down to a current cycle low of just 13%.

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

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Housing Wire

JULY 25, 2023

America’s fix-and-flip short-term property market is estimated to be worth as much as $68 billion a year, according to F2 Finance. The opportunity is interesting in the sense that there’s a housing shortage. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7

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Housing Wire

JULY 22, 2022

The examples, all within about a month, illustrate a non-QM lending world in disarray, turned upside down in recent months as originators battle an unassailable force over which they have no control: fast-rising interest rates. recalled Keith Lind, CEO of Acra Lending, a leading non-QM lender. “Of Of course we’re not. “…If

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Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Servicers, are you prepared for hurricane season? Servicers, are you prepared for hurricane season? Presented by: ServiceLink.

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Insurance Clients Modernization Technology 361

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. We finally paid the price — pun intended — of not having enough product, with massive home price gains from 2020-2022.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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Housing Wire

MAY 25, 2022

There’s no question that 2022 has seen serious changes to the housing market. Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. Smart Series by Newrez.

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Housing Wire

MARCH 22, 2023

The latest – perhaps final – rate increase comes on the heels of eight rate hikes since March 17, 2022, which includes four 75 basis point increases in June , July , September and November , a 50 basis point increase in December and 25 basis point hike in February. economy growth drag of 25 to 50 basis points in 2023. ”

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Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s During the first quarter of 2022 , Old Republic generated a total revenue of $2 billion, up slightly from $1.98

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Housing Wire

DECEMBER 7, 2022

The agency added it “does not intend to initiate enforcement actions or cite HMDA violations for failures to report closed-end mortgage loan data collected in 2020, 2021, or 2022 for institutions subject to the CFPB’s enforcement” as it “does not view action regarding these institutions’ HMDA data as a priority.”.

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Mortgage Lending Investors Housing Market 365

Housing Wire

JANUARY 24, 2022

billion hit the market in the first two weeks of 2022, HousingWire reported last week , but that’s already old news. Non-QM mortgages include loans to the self-employed, such as small-business owners or gig workers, and other borrowers who fall outside the box of agency lending guidelines.). billion have unfolded.

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Mortgage Lending Finance Housing Market 362

Housing Wire

JULY 27, 2022

So, it appears Angel Oak’s liquidity channels are open for business this year, despite what the lender’s asset management arm, Angel Oak Capital Advisors , described in a recently published “2022 Mid-Year Outlook” white paper as a very challenging market for nonagency residential mortgage-backed securities (RMBS).

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Marketing Investors Mortgage Finance 382

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. This isn’t a new story in mortgage lending or real estate brokerage.

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Housing Wire

MARCH 22, 2021

Exits also shrunk the share of loans in forbearance across all investor categories last week, with Fannie Mae and Freddie Mac loans dropping to 2.83% – a five-basis-point improvement. Increasing Lending and Servicing Capacity – Regardless of Rates. The MBA now estimates 2.5 million homeowners are in some form of forbearance.

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Lending Investors Housing Market Mortgage 427

Housing Wire

AUGUST 25, 2022

. “But I don’t think it can be meaningful for the big companies just because these other markets are smaller than the traditional mortgage market.” The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. ” Just a little less vanilla.

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Housing Wire

MARCH 15, 2023

But in 2022, the lender originated just $53.7 million in cash on hand at the end of 2022, down 24.5% The Wall Street Journal reported Wednesday that New York real estate investors yanked money out of Signature Bank last week, which played a significant role in the bank’s collapse. loanDepot share was trading at $1.78

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Insurance Investors Real Estate Mortgage 366

Housing Wire

JULY 6, 2023

Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary. Just because there’s vacant homes in the U.S.

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Inventory Renovations Real Estate Government 462

Housing Wire

JUNE 8, 2023

It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. as of March 20 to 114.42

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Housing Wire

JUNE 14, 2023

The Federal Open Markets Committee (FOMC) has decided to pause its rate hikes in June after data that pointed to cooling inflation and the need to assess how much banks have slowed down their lending due to the recent tumult in the sector. However, 60% of these investors bet officials will impose a rate hike at the July 26 meeting.

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Mortgage Real Estate Investors Marketing 383

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The post There’s more blood on the tracks in the non-QM market appeared first on HousingWire.

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Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. April 2022: Inventory has not recovered. Inventory collapsed in 2020, 2021 and 2022.

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Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights.

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Housing Wire

OCTOBER 7, 2022

Still, the global lender’s market capitalization is at about half of what it was at the start of the year and its earnings for the first half of the year are in the red. Adding to the global lender’s woes this week was investor speculation on social media questioning the bank’s stability. The lender recorded a net loss of nearly $1.9

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