Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. Today, the average is 2.7

Realtors 424

Realtors Buyers Inventory Sellers 424

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. 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.

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

NOVEMBER 17, 2022

Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading, Inc. Co-issue loan sales, also known as flow-based mortgage servicing rights sales, are three-way transactions involving the sale of loans to one of the agencies, with a simultaneous sale of the MSRs to a separate third party.

Investors 368

Investors Clients Sellers Buyers 368

Housing Wire

SEPTEMBER 6, 2023

FundingShield and TCS aim to protect more lenders, homebuyers, sellers from wire and title fraud, both companies said. Wire and title fraud risk were on the rise in Q2 compared to the same period in 2022, according to a report from FundingShield that did an analysis of a $68 billion portfolio of real estate closings.

Real Estate 393

Real Estate Insurance Investors Lending 393

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. All four U.S.

Inventory 483

Inventory Housing Market New Listings Buyers 483

Housing Wire

FEBRUARY 13, 2024

In early 2022, real estate listing giant Zillow began discussing its visions for a “Housing Super App.” It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening.

Agents 404

Agents Sellers Buyers Law 404

Housing Wire

MARCH 18, 2022

This level is still within my 2022 forecast sales range between 5.74 million and I am looking for more of the same in 2022, at the 5.74 You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. You can see why some sellers are stressed now.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

DECEMBER 13, 2023

Investors will parse Jerome Powell’s press conference this afternoon for clues about when and why the central bank might change its policy stance next year. Rate relief in 2024 At the beginning of November, Freddie Mac ’s Primary Mortgage Market Survey index hovered just below 8%. million in Q2 2022 to 1.2 million in Q2 2023.

Mortgage 519

Mortgage Sellers Investors Marketing 519

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 382

Lending Business Retail Client Relationships 382

Housing Wire

APRIL 29, 2022

Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%. FHA, VA and USDA aren’t accepted by sellers.

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Appraisal Buzz

APRIL 1, 2024

Faced with higher mortgage rates and rising home prices, homebuyers made larger down payments in February, with the median down payment rising to $55,640, up 24.1% That’s the largest annual increase in percentage terms since April 2022, the firm says. from $44,850 in February 2023, according to Redfin. Home prices increased 6.6%

Real Estate Agent 195

Real Estate Agent Investors Buyers Real Estate 195

Housing Wire

JANUARY 25, 2023

The multinational investment bank and financial services company says home prices, which have been on the decline since June 2022, will fall further this year than previously predicted. This, in turn, will lead to risks of higher delinquencies for mortgages originated last year or late 2021, according to the company.

Housing Market 393

Housing Market Investors Clients Mortgage 393

Housing Wire

FEBRUARY 10, 2023

Nonbank mortgage lender and servicer Mr. Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., Financial terms were not disclosed due to a non-disclosure agreement with the seller. the company confirmed on Friday. Cooper then decided to acquire Roosevelt.

Investing 370

Investing Investors Insurance Government 370

Housing Wire

APRIL 13, 2022

percentage points over the past three months, have thrown a wrench into the mortgage origination and private-label securitization markets. That is the market for mortgage servicing rights (MSRs). In the category of seller risks, the possibility exists that certain buyers could blow through their entire 2022 [MSR] acquisition budget.

Mortgage 382

Mortgage Marketing Sellers Buyers 382

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

MARCH 22, 2023

Pacific Western Bank also explored a capital raise with potential investors. billion in the fourth quarter of 2022. The increase was due primarily to the residential and real estate mortgage and construction portfolios, consisting of 70% of the total portfolio in Q4 2022. In addition, it has drawn $3.7

Real Estate 393

Real Estate Investors Investing Finance 393

Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. We project Q4 2022 to be the lowest RMBS securitization issuance volume in any quarter since 2016, closing at less than $6 billion.

Marketing 393

Marketing Mortgage Business Government 393

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. Due to the recent rise in mortgage rates, homeowners may just stay put.

Buyers 471

Buyers Realtors Inventory Sellers 471

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. The goal in prospecting FSBO sellers is to be that agent.

Real Estate 431

Real Estate Open Houses Brokerage Real Estate Agent 431

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. United Wholesale Mortgage (UWM) launched the product in August. A year ago at this time, rates averaged 3.14%. Searching for new options.

Mortgage 382

Mortgage Loan Officers Clients Housing Market 382

Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. According to NAR , elevated home prices , mortgage rates and a limited supply of homes are the top barriers to homeownership.

Insurance 432

Insurance Property Taxes Real Estate Sellers 432

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. These differences can cause volatile MSR values.

Sellers 302

Sellers Investors Valuation Finance 302

Housing Wire

APRIL 10, 2023

While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. In early March, when mortgage rates started their climb back toward 7%, originations faced pronounced downward pressure. by the end of the month, Black Knight’s Optimal Blue mortgage market indices showed.

Marketing 382

Marketing Insurance Housing Market Mortgage 382

Housing Wire

AUGUST 2, 2023

As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. Zillow’s mortgage arm, Home Loans, on the other hand, recorded a 17% year-over-year decline in revenue to $24 million.

Agents 370

Agents Finance Sellers Housing Market 370

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

JUNE 28, 2022

in the previous month… Nine of the 20 cities reported higher price increases in the year ending April 2022 versus the year ending March 2022. Imagine if mortgage rates didn’t rise this year. Imagine if mortgage rates didn’t rise this year. The reality is that home sellers and builders had too much pricing power.

Housing Market 450

Housing Market Marketing Inventory Investors 450

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. 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 ). Tech100 Mortgage Winners. No surprise here.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

Marketing 414

Marketing Inventory Renovations Investors 414

Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

JANUARY 17, 2023

The mortgage servicing rights (MSR) market has opened 2023 with a healthy volume of capital committed to purchasing the assets along with multiple sellers primed for deals — as evidenced by the $60 billion to $65 billion in MSR portfolio offerings currently out for bid, market experts say. So, perception is reality right now.”.

Marketing 442

Marketing Buyers Sellers Mortgage 442

Housing Wire

JULY 27, 2022

through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. .

Marketing 382

Marketing Investors Mortgage Finance 382

Housing Wire

JANUARY 5, 2022

The new pricing framework will take effect April 1, 2022, to “minimize market and pipeline disruption,” the agency said in a press release. While the new fees on high-balance and second homes will function similarly to the now-suspended limits on investor and second homes, mortgage industry stakeholders welcomed Thompson’s decision.

Finance 516

Finance Mortgage Government Sellers 516

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. In the first quarter of 2022, HomeLight and Accept.inc represented more than $3 billion in combined referred transaction volume, according to Uher. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Brokerage 370

Brokerage Real Estate Lending Clients 370