Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5%

Sellers 502

Sellers Buyers Inventory Real Estate Agent 502

Housing Wire

JUNE 1, 2022

I’m sure you’ve all heard ad nauseam about the low housing inventory impacting the market. Despite that, the 2022 RealTrends top real estate brokerage firms did a record number of transaction sides in 2021 (our 2022 rankings are based on 2021 data). Tracey Velt Editorial Director, RealTrends, a HousingWire sister company.

Brokerage 393

Brokerage Real Estate Realty Insurance 393

Housing Wire

JULY 1, 2022

On the heels of a global COVID -19 pandemic that keeps rearing its head, the housing economy is now faced with rising rates and dismal inventory. Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. Sprout Mortgage. Cherry Creek Mortgage. Enact Mortgage Insurance.

Marketing 382

Marketing Realty Real Estate Lending 382

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The Guide to Accelerating Closings in 2022. Net income, however, was a different story.

Insurance 382

Insurance Investing Marketing Business 382

Housing Wire

JULY 30, 2023

Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and new listing data declined again. Strong labor data pushed up mortgage rates and purchase applications fell week to week. Instead, new listings data had a small decline last week.

Housing Market 370

Housing Market Marketing Inventory New Listings 370

Housing Wire

MARCH 9, 2022

All told, Fathom made six acquisitions in 2021, including Naberly Solutions , a cloud-based tech firm that adds CRM and website functionality; Georgia real estate brokerage Red Barn Real Estate ; Idaho-based brokerage Epic Realty and the Woodhouse Group ; hyperlocal data and tech platform LiveBy ; and E4:9 Holdings , a residential mortgage lender.

Inventory 370

Inventory Brokerage Realty Real Estate 370

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. compared to July 2022. Median home prices there were roughly unchanged from the same period in 2022. Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S.

Buyers 370

Buyers Inventory Realtors Housing Market 370

Housing Wire

JUNE 23, 2023

High mortgage rates , economic uncertainty and low housing inventory did very little to help title premium volume during the first quarter of 2023. billion in title insurance premiums, down 43% year over year, according to the American Land Title Association ’s Market Share Analysis , released Thursday. With 25.1%

Insurance 370

Insurance Inventory Marketing Mortgage 370

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 425

Housing Market Mortgage Marketing Real Estate 425

Housing Wire

MAY 21, 2023

The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. Mortgage rates rose last week as we started the week at 6.55% but ended at 6.90%. It was a wild ride for the housing market last week! million to 1.04

Housing Market 493

Housing Market Marketing Inventory New Listings 493

Housing Wire

AUGUST 3, 2022

Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months, although the foreclosure rate is still expected to remain below the pre-pandemic historical average, a new report from Auction.com contends.

Inventory 450

Inventory Clients Government Sellers 450

Housing Wire

APRIL 28, 2023

For Old Republic , the softer market results in total revenue falling from $2.207 billion in Q1 2022 to $1.759 billion in Q1 2023. The title segment also saw its pretax operating income fall from $81 million during the first quarter of 2022 to $17 million in the first quarter of this year. year over year to $583.2

Insurance 381

Insurance Real Estate Inventory Investors 381

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 424

Marketing Mortgage Investors Sellers 424

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. However, buyers are contending with rising interest rates , high home prices and constrained inventory. trillion in mortgages are backed by private mortgage insurance.

Finance 370

Finance Buyers Insurance Housing Market 370

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 442

Housing Market Marketing Insurance Mortgage 442

Housing Wire

AUGUST 9, 2023

“We feel the resiliency of residential purchase volumes, which have held up in a weak market despite mortgage rates spiking to 7%, is a testament to the underlying demand for housing the exists in this country.” This positioned us well given the low inventory coming into 2023.”

Insurance 370

Insurance Housing Market Inventory Real Estate 370

Housing Wire

MARCH 9, 2023

The rule allows mortgagees to increase the maximum term of an FHA-insured mortgage loan modification from 360 to 480 months following a default. The FHA permitted public comment from stakeholders between April 1 and May 31, 2022, and it credits the input for the decision to move forward with the new policy.

Insurance 370

Insurance Mortgage Realtors Inventory 370

Housing Wire

JANUARY 25, 2022

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. As we move forward into 2022, I believe cash will truly be king in the mortgage industry. In the mortgage business, many expenses are front-ended. How do you manage that?

Mortgage 370

Mortgage Inventory Business Loan Officers 370

Housing Wire

FEBRUARY 15, 2024

Older Americans also have financial incentives attached to staying in their homes, since 54% of the baby boomer cohort own their homes free and clear without making monthly mortgage payments. Census Bureau ’s one-year American Community Survey in 2022, the most recent year for which data is available.

Property Taxes 457

Property Taxes Insurance Construction Inventory 457

Housing Wire

SEPTEMBER 28, 2023

below the August 2022 level. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said.

Housing Market 471

Housing Market Contracts Government Buyers 471

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville. “We Our insurance is pricing people out of their homes.”

Insurance 424

Insurance Housing Market Marketing Agents 424

Housing Wire

AUGUST 31, 2023

His severance package will include $450,000, or 12 months of his base salary; $84,375, which is 25% of his target annual bonus; and $18,910 for one year of health insurance premiums. In a housing market with elevated mortgage rates and low inventory , Redfin’s second quarter revenue was $275.6

Real Estate 393

Real Estate Brokerage Insurance Tools 393

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. by the end of 2021, and likely dropping below 4% by the end of 2022. Exhibit 4. Forbearance trends and exits outlook.

Mortgage 477

Mortgage Inventory Investors Design 477

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The problem is, a mortgage credit reject (MCR) is kind of like your scarlet letter, to be completely honest,” Gastelum said. That changed on September 11.

Loan Officers 393

Loan Officers Mortgage Finance Clients 393

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 382

Mortgage Investors Clients Marketing 382

Housing Wire

FEBRUARY 10, 2022

billion in revenue from its title insurance and services segments, a 13% year-over-year increase. Just as with Stewart’ s earnings call earlier in the day, these record breaking numbers were somewhat overshadowed by discussions of the impact rising mortgage rates will have on the volume of title insurance premiums written.

Insurance 393

Insurance Investing Inventory Business 393

Housing Wire

APRIL 28, 2022

Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. And its investment in technology support and innovation have helped the title insurer deliver consistent service to its customers, he said.

Insurance 370

Insurance Real Estate Technology Marketing 370

Housing Wire

JULY 28, 2023

Demand in our residential purchase business continues to be pressured by affordability issues due to high mortgage rates along with low inventory that has kept home prices elevated. million in pretax income recorded during the second quarter of 2022. annual decrease in title insurance net premiums and fees generated to $649.6

Insurance 369

Insurance Investors Development Housing Market 369

Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It This popularity has resulted in constrained inventory.

Housing Market 393

Housing Market Marketing Inventory Buyers 393

Housing Wire

JUNE 29, 2022

A homeowner’s best investment is the home they live in — far better than the returns we’ve seen from the stock market in 2022, and a great hedge against record-high inflation,” said David Friedman, co-founder and CEO of Knox Financial. . Knox’s expansion comes amid a shrinking mortgage origination market.

Investing 370

Investing Real Estate Lending Brokerage 370

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Lunch & Learn: Should there be a 40 year mortgage? Should there be a 40 year mortgage option for all homebuyers? Presented by: Stavvy.

Insurance 414

Insurance Mortgage Realtors Housing Market 414

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 382

Housing Market Renovations Marketing Retail 382

Housing Wire

DECEMBER 1, 2023

Now he is off the sideline because a 5% down payment is completely doable,” said Krichmar, a mortgage banker at Legend Lending Corporation. Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024. next year.

Finance 450

Finance Buyers Mortgage Inventory 450

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? While the FHA loan allows a borrower to put less money down and doesn’t come with LLPAs, that flexibility comes with a high upfront and annual costs in the form of mortgage insurance premiums (MIP).

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. Department of Housing and Urban Development (HUD) in August 2022.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems.

Loan Officers 393

Loan Officers Real Estate Agent Real Estate Finance 393