Housing Wire

FEBRUARY 12, 2024

HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024? Amanda Phillips: 2023 was a year of trials and tribulations for financial institutions. While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier.

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Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire.

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Housing Wire

JUNE 16, 2022

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. trillion in new loans in 2020 and $3.9 trillion in 2023.

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Housing Wire

OCTOBER 5, 2023

That offering, Unlock HEA Trust 2023-1, is slated to close this week. This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. billion, according to offering documents.

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Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

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Housing Wire

SEPTEMBER 22, 2023

With the majority of Fed officials expecting another rate hike before the end of 2023, how do you think this decision will affect housing and your forecast for the economy? For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight.

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Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. of its originations were purchase loans last year. The closer, the better. in consumer direct and 2.3% year-over-year.

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Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

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Housing Wire

JUNE 1, 2023

That dour performance mirrors what’s happening in the primary mortgage market — where origination volume is down drastically year to date in 2023. So, that’s why you’ve see them [IMBs] all cut material amounts of headcount in their origination channels and their loan officers, etc., KBRA projects that 2023 RMBS 2.0

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Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

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Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. Here we are, heading into the fourth quarter of 2023 expecting more rate hikes, not any cuts,” Cohn said. In August 2023, its latest forecast was for rates to end the year at 6.2%. Inventory remains thin.

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Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. “We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Issuers like Redwood have been combining current coupon mortgages.

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Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 billion in the first quarter of 2023, down 31.6% IMF data suggests BofA’s production in Q1 2023 was $2.8 year over year.

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Housing Wire

MAY 3, 2023

” Investors have been “expecting the May hike, and the Fed does not want to do anything to create more uncertainty in the markets,” said Lisa Sturtevant, the chief economist for BrightMLS. Existing home sales in particular have been paltry in 2023, largely due to low levels of inventory.

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Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. With a deadly combination of the tight housing inventory , reduction in refis and surging mortgage rates, consolidation seems to be the natural path. million in the first quarter of 2022.

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Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) Jumbos represented 22.7%

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage applications increased 6.3

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