Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Justin Messer, CEO at Prosperity Home Mortgage.

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Mortgage Real Estate Real Estate Agent Realtors 403

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . last week, are expected to drift down and end 2023 around 5.2%,” he said. .

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Mortgage Housing Market Sellers Buyers 430

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. 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. offers, according NAR’s REALTORS® Confidence Index.

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Realtors Buyers Inventory Sellers 488

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Mortgage products expected to get love . “I

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Renovations Realtors Construction Mortgage 417

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun. A normal spread would revive the economy.

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Inventory Housing Market Realtors Mortgage 502

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1. Cincinnati and Miami.

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Retail Sellers Buyers Market Value 498

Housing Wire

SEPTEMBER 24, 2024

After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago.

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Mortgage Housing Market Finance Marketing 451

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

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Mortgage New Listings Inventory Sellers 441

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

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Realty Real Estate Technology Lending 475

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

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Mortgage Inventory Housing Market Realtors 460

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers.

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Real Estate Agent Real Estate Agents Sellers 417

Housing Wire

JULY 25, 2024

As the numbers of seniors carrying mortgage debt in retirement has increased, so too has the potential financial burden of a regular monthly mortgage payment. “Retirement researchers warn that mortgage debt in retirement can be a trap,” the article explained.

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Mortgage Home Value Finance Buyers 460

Housing Wire

OCTOBER 23, 2024

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% months in September 2023. There are more inventory choices for consumers, lower mortgage rates than a year ago and continued job additions to the economy. from September 2023.

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Inventory Realtors Buyers Real Estate 432

Housing Wire

OCTOBER 18, 2023

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Mortgage applications decreased 6.9% 13, compared to the week prior , according to weekly mortgage application data from the MBA. for the week ending Oct. from 14.4%

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Mortgage Realtors Inventory Marketing 468

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgage 451

Mortgage Real Estate Agent Inventory Housing Market 451

Housing Wire

NOVEMBER 1, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt, and agency mortgage-backed securities. The housing market is feeling the brunt of Fed’s tight monetary policies The 10-year Treasury yield and average 30-year mortgage rates have tracked each other since 1971.

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Finance Mortgage Realtors Investors 441

Appraisal Buzz

SEPTEMBER 19, 2024

Despite a decrease in mortgage rates, existing-home sales fell 2.5% million, according to the National Association of Realtors. compared with August 2023. compared with August 2023 to $416,700, the 14th consecutive month of year-over-year price increases. Year-over-year, existing-home sales dropped 4.2%

Mortgage 221

Mortgage Inventory Realtors Sellers 221

Housing Wire

JUNE 4, 2024

senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. And Cassidy shared another story of a constituent with a reverse mortgage on his home. With flood insurance premiums commanding ever-higher prices, a U.S.

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Insurance Mortgage Property Taxes Modernization 430

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing. Congratulations to the 2023 Women of Influence winners.

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Real Estate Realty Lending Mortgage 370

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. That’s because those were the two lowest case number assignment months in all of 2023, McCue said.

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Retail Mortgage Business Loan Officers 427

Housing Wire

JULY 20, 2023

Perhaps more than any other financial product, mortgages offer a wide array of specific consumer protections including RESPA, TILA, TRID, LO Comp, HOEPA, servicing rules, and many others,” CHLA said in a statement regarding the document. CHLA: November 2022 Letter to CFPB and July 2023 Letter to Congress.

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Mortgage Finance Realtors Marketing 369

Housing Wire

SEPTEMBER 13, 2024

She brings extensive agent/broker empathy and connection to the industry, given her 20-plus years experience being a Realtor herself. Move — Realtor.com’s parent company — disclosed on its second-quarter earnings call a 2% year-over-year decline in revenue, which it attributed to high mortgage rates and other economic headwinds.

Marketing 417

Marketing Real Estate Realtors Clients 417

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 on a yearly basis.

Inventory 493

Inventory Contracts Realtors Buyers 493

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Even though mortgage rates are still double what they were a year ago, they are down from their November peaks.

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Inventory Buyers Housing Market Contracts 370

Housing Wire

APRIL 8, 2024

The National Association of Realtors (NAR) unveiled a new partnership with SoFi on Monday. As part of the agreement, NAR members and their clients will be eligible to receive exclusive rates and discounts on mortgages , student loan refinancing, and personal loans, among other perks.

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Realtors Clients Insurance Mortgage 460

Housing Wire

APRIL 11, 2024

California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgage ’ s retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. It also operates seven joint venture companies with builder and Realtor partners.

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Retail Loan Officers Realtors Mortgage 430

Housing Wire

SEPTEMBER 19, 2024

million, according to the National Association of Realtors (NAR). year over year to $416,700, although that is the slowest gain since September 2023. Sales in the Northeast dropped 2% compared to July and were unchanged from August 2023. After a modest monthly uptick in July, existing-home sales fell 2.5% That was a 4.2%

Inventory 441

Inventory Housing Market Inspection Sellers 441

Housing Wire

JUNE 5, 2023

UMortgage , a growing nationwide mortgage platform, announced last week the addition of MC Mortgage Group to its network. MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina.

Mortgage 370

Mortgage Brokerage Retail Tools 370

Housing Wire

DECEMBER 15, 2022

The Federal Reserve’s decision to slow the pace of interest rate hikes this week pushed mortgage rates lower — and it happened in spite of the central bank reiterating that it would continue to tighten its grip on the economy next year. by the end of 2023, an increase from its projection in September. Homebuyers weigh their options.

Mortgage 370

Mortgage Realtors Real Estate Investors 370

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. HW: What is the outlook for non-QM in 2023? TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising.

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Lending Investors Loan Officers Technology 441

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The changes are effective starting May 1, 2023. Homebuyers are hurting and these changes are overdue. Now is the time.”

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Mortgage Realtors Real Estate Investors 541

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.

Loan Officers 430

Loan Officers Mortgage Technology Realtors 430

Housing Wire

JANUARY 19, 2023

Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates.

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Mortgage Sellers Housing Market Buyers 430

Appraisal Buzz

OCTOBER 30, 2024

compared with September 2023, according to the National Association of Realtors (NAR). Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” says Lawrence Yun, chief economist for NAR, in a statement. in the West.

Inventory 195

Inventory Contracts Realtors Mortgage 195

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. A marked turn can be expected as mortgage rates have plunged in recent weeks.” million home sales nationally by the end of 2023. million. “The

Inventory 441

Inventory Housing Market Realtors Buyers 441

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 468

Real Estate Inventory Sellers Realtors 468

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” range, which is a normal mortgage market.”

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Mortgage Real Estate Agent Renovations Finance 482