Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex.

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Retail Mortgage Lending Renovations 393

Housing Wire

MAY 29, 2024

The homeownership rate among Black Americans has risen at a faster-than-average rate since 2019, but it remains well below the high point reached in 2004, according to Home Mortgage Disclosure Act (HMDA) data compiled by Zillow. home values have more than doubled, rising 117%.

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Home Value Housing Market Tools Finance 366

Housing Wire

JANUARY 10, 2023

However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it.

Modernization 360

Modernization Finance Appraisal Valuation 360

Housing Wire

FEBRUARY 1, 2023

Building the future of mortgage servicing technology is about granular, nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated. Connect with them in 2023 and build the future of servicing fintech together.

Mortgage 416

Mortgage Technology Modernization Investors 416

Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. In 2022, the housing market was a little hotter than this year due to lower mortgage rates, pushing home prices up.

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Finance Government Law Mortgage 531

Empire Appraisal Group

FEBRUARY 23, 2023

Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., But in last-place Idaho, values sank 0.18%. The 17.27% change in value outpaced every other state in the nation.

Home Value 78

Home Value Real Estate Housing Market Real Estate Agent 78

Housing Wire

MARCH 13, 2024

Using a 1-10 scale, the portal displays current risk factors for a property as well as the expected change for each risk in 15 and 30 years, the length of a typical mortgage. million Americans in 2023. homes, valued at $19.7 homes, worth $13.6 of homes in the U.S., valued at nearly $7.7

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Tools Insurance Home Value Technology 410

Housing Wire

DECEMBER 8, 2022

Mortgage rates continued the downward trend this week amid signs that the U.S. The recent declines, however, have not been enough to convince borrowers to take out a home loan. At Mortgage News Daily , rates were even lower, at 6.29% on Thursday afternoon. Flat and falling home prices. drop in 2023.

Mortgage 367

Mortgage Home Value Construction Investors 367

Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. As of Oct.

Loan Officers 414

Loan Officers Mortgage Technology Realtors 414

Housing Wire

FEBRUARY 13, 2024

“As Americans continue to amass record levels of equity in their homes, they need tools that increase access and reduce stress, particularly as they struggle to manage high interest rates , inflation , personal debt, and other obstacles to reach their long-term financial goals.”

Investing 298

Investing Renovations Tools Real Estate 298

Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

Home Value 69

Home Value Valuation Mortgage Real Estate 69

Housing Wire

FEBRUARY 6, 2023

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative.

Mortgage 308

Mortgage Investors Technology Modernization 308

Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. Of those who plan to remain in their homes, about one-third (36%) specifically cite high interest rates as the reason for staying put.

Mortgage 310

Mortgage Finance Investing Home Value 310

Housing Wire

NOVEMBER 22, 2023

The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. 2019 level. If the nation’s largest homebuilder, D.R.

Inventory 419

Inventory Home Value Housing Market Buyers 419

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. The sources spoke about these issues during this week’s Mortgage Bankers Association (MBA) Servicing Solutions Conference & Expo in Orlando.

Insurance 423

Insurance Home Value Mortgage Marketing 423

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06 Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16

Inventory 382

Inventory Mortgage New Listings Home Value 382

Empire Appraisal Group

NOVEMBER 9, 2023

Market Update Parkland and Coral Springs Q3 2023 Since 2005, Empire Appraisal Group, Inc. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appraisal experience.

Marketing 78

Marketing Real Estate Clients Realtors 78

Empire Appraisal Group

NOVEMBER 22, 2023

Pompano Beach and Deerfield Beach Market Update Q3 2023 Since 2005, Empire Appraisal Group, Inc. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appraisal experience.

Marketing 78

Marketing Real Estate Clients Realtors 78

Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. Those securitization outlets for home-equity products are critical to ensuring liquidity for ongoing operations.

Contracts 350

Contracts Lending Investing Investors 350

Housing Wire

FEBRUARY 21, 2023

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. With the Feb.

Clients 287

Clients Mortgage Business Home Value 287

Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs.

Real Estate 420

Real Estate Law Property Taxes Marketing 420

Housing Wire

JANUARY 2, 2023

With the Federal Reserve expected to continue increasing interest rates in 2023, albeit at a slower pace, Lazzara said he expects the decline in home price growth to continue. “As As the Federal Reserve moves interest rates higher, mortgage financing becomes more expensive and housing becomes less affordable,” Lazzara said.

Home Value 379

Home Value Housing Market Contracts Sellers 379

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories.

Inventory 384

Inventory Technology Design Tools 384

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. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes. rebranded as Rithm Capital ).

Housing Market 362

Housing Market Marketing Contracts Lending 362

Clear Capital

DECEMBER 14, 2022

The average home value has jumped 43% since late 2019, and sellers have raked in eye-popping profits because of it. As we head in 2023, the market looks very different. With mortgage rates more than double their year-ago level, buyers are pulling back. The post Your Home May Lose Value in 2023.

Home Value 36

Home Value Real Estate Sellers Technology 36

Housing Wire

JULY 25, 2023

Insurers and government programs frequently subsidize the cost of rebuilding after storms hit, and mortgages mean homeowners are ceding some risk to lenders—especially if their house goes into foreclosure after a storm,” he explained. According to a survey of roughly 2,000 U.S.

Housing Market 315

Housing Market Insurance Marketing Renovations 315

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Housing Wire

FEBRUARY 27, 2023

Per the report, Black homeowners saw their home values increase by 42.5% from February 2020 to January 2023, compared to 38.5% for overall home values and 37.8% for white-owned home values. On the other hand, the values of Hispanic and Asian-owned homes increased by 38.3%

Home Value 364

Home Value Marketing Appraisal Mortgage 364

Housing Wire

JULY 25, 2023

The number of property insurance lawsuits in the state skyrocketed – in 2023 alone, the state is on track to have more than 130,000 property policy lawsuits, accounting for 79% of all property insurance lawsuits filed nationwide. times their hourly billing rate should the court rule in favor of the policy holder.

Insurance 352

Insurance Housing Market Marketing Agents 352

Eppraisal

MARCH 17, 2023

Some of the adverse economic factors have since abated -- at least somewhat -- so early 2023 might be the right time to take a fresh look at prospective demand for newly constructed homes, affecting home values, and the possibilities for whether that appetite is increasing, declining or remaining level.

Supply Chain 69

Supply Chain Home Value Inventory Construction 69

Appraisal Today

APRIL 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. April 24, 2024) — Mortgage applications decreased 2.7 percent from one week earlier WASHINGTON, D.C.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Housing Wire

MARCH 25, 2024

Fueled by a surge in mortgage rates , owning a home has become increasingly expensive. According to a Freddie Ma c housing and mortgage market report released Monday, while mortgage payments remain the primary pressure point for homeowners, insurance costs are emerging as a growing burden. from 2022 and up 40.8%

Insurance 373

Insurance Home Value Mortgage Marketing 373

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Beyond its gated entry, a retreatlike 14,000-square-foot mansion with 4.5 Or hit the reply button.

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Housing Wire

MAY 8, 2024

Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — according to the National Association of Realtors ’ (NAR) newest quarterly report. year over year in Q4 2023. in the West.

Marketing 503

Marketing Buyers Realtors Home Value 503

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

Appraisal 71

Appraisal Business Contracts Real Estate 71

Empire Appraisal Group

FEBRUARY 2, 2023

SEATTLE – As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers, according to a report from Redfin. © 2023 Florida Realtors® In urban neighborhoods nationwide, price per square foot increased 3.5%

Realtors 78

Realtors Buyers Mortgage Tools 78

Housing Wire

MARCH 15, 2024

Mortgage demand has been on the rise for two weeks in a row. Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. The typical home in the U.S. compared to February of 2023. That’s up 4.2%

New Listings 449

New Listings Inventory Home Value Contracts 449