Housing Wire

JANUARY 24, 2024

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement.

Investors 409

Investors Lending Finance Design 409

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. HousingWire: How do you view the lending landscape for 2024? HW: Can your model of doing well as a company and doing good for the community thrive in 2024?

Lending 346

Lending Development Investors Finance 346

Housing Wire

JANUARY 29, 2024

It will also create economic stress for servicers and investors in dealing with advances and extended payment spreads. JW: Based on our conversations with clients, a growing number of servicers are monitoring the coming “escrow cliff” and are beginning to develop proactive programs to reach out to impacted borrowers.

Insurance 363

Insurance Real Estate Technology Clients 363

Housing Wire

MAY 30, 2024

The company is developing policy and implementation plans for the instrument, and plans to roll out a term sheet that will include a 30-day public comment period that is expected sometime in June. NRMLA President Steve Irwin told RMD that the association looks forward to engaging with the company on the development.

Government 329

Government Development Mortgage Tools 329

Housing Wire

MAY 3, 2024

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. Year over year, RE/MAX’s total agent count in Q1 2024 was down 0.2% to 143,287 agents. annualized decline in U.S.

Agents 342

Agents Real Estate Training Buyers 342

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. by the end of 2024 from the current federal funds rate range of 5.25%-5.5%. The Fed next meets on Jan.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

MAY 2, 2024

Potempa had a joint venture with OneTrust from March 2022 to March 2024. Potempa brought his team of 38 professionals — including processors, business development staff, support staff and about 15 loan officers — to E Mortgage on March 25. “In wholesale, you can shop and sell the loan to a multitude of investors.

Loan Officers 395

Loan Officers Mortgage Retail Lending 395

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Investors 402

Investors Mortgage Marketing Finance 402

Housing Wire

JANUARY 23, 2024

Department of Housing and Urban Development (HUD) may not be in office should the suit progress to trial sometime next year. Despite these legal challenges, Ginnie Mae has been very active in the development of HMBS policy due to ongoing liquidity challenges within the sector. An election year, new Ginnie Mae leaders?

Government 363

Government Development Mortgage Legal 363

Housing Wire

JUNE 28, 2022

I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2 Also, certain investors felt no fear post-2020. million or higher.

Housing Market 449

Housing Market Marketing Inventory Investors 449

Housing Wire

JANUARY 16, 2024

Calculated from actual locked rates with consumers across approximately 42% of all mortgage transactions nationwide, the OBMMI includes multiple mortgage pricing indices developed around the most popular mortgage products and specific borrower attributes. The OBMMI access is expected to be added to the Android app later in 2024.

Loan Officers 388

Loan Officers Investors Mortgage Development 388

Housing Wire

MAY 15, 2024

As of now, the agency’s proposal calls for keeping the CES loans in portfolio for six to nine months until it can develop a system for issuing second-mortgage guaranteed securities against the loans, which would carry 20-year fixed-rate terms. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Marketing 340

Marketing Investors Mortgage Finance 340

Housing Wire

MAY 13, 2024

Tappable equity soared to a record $11 trillion in the first quarter of 2024, according to a recent report by Intercontinental Exchange. Cianciolo will serve as head of business development, Graf as senior vice president of operations and Joerg as chief investment officer. Meanwhile, more than 9 million U.S.

Investing 344

Investing Tools Legal Law 344

BiggerPockets

DECEMBER 1, 2023

As you make your list of resolutions for 2024—somewhere between “Peloton more” and “learn to make paella”—consider adding a few real estate-specific bullets to […] It’s almost that time of year!

Investors 83

Investors Investing Real Estate Development 83

Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) this week announced a new rule aimed at bolstering the department’s Section 184 Indian Housing Loan Guarantee program, with the goal to increasing lender participation and ensure access to potential Native American beneficiaries. The effective date for the new rule is June 18, 2024.

Government 355

Government Modernization Tools Investors 355

Housing Wire

OCTOBER 11, 2023

loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. “We are still likely to face a tough market in 2024. “Investors have a view of this sector in general; every company has a low valuation, and certainly in mortgages,” Martell said. on Wednesday.

Investing 398

Investing Valuation Marketing Mortgage 398

BiggerPockets

DECEMBER 4, 2023

Sure, you’ll want to make lofty New Year’s resolutions for 2024, but […] The turn of the calendar always has us thinking about what we want to do differently—or more of—next year.

Investors 79

Investors Development 79

Housing Wire

JANUARY 29, 2024

We have home prices increasing 3% in 2024. Kim: Fannie Mae removed its explicit call for a recession in 2024 and now expects “below-trend growth.” The market has gotten a little too enthusiastic in our view, so the change in our view on the Fed was only to change the number of cuts from three to four in 2024 with slow growth.

Housing Market 449

Housing Market Marketing Mortgage Investors 449

Inman

FEBRUARY 14, 2024

Investors in these lower-income "opportunity zones" receive tax incentives for improvements. And 2 in 5 of these neighborhoods saw a disproportionately large rise in home prices in late 2024.

Investors 144

Investors Development Investing Marketing 144

Housing Wire

SEPTEMBER 12, 2023

“But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.” Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. and the second quarter of 2024 at 5.6%. and 2024 at 6%.

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

JANUARY 16, 2024

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.

Mortgage 384

Mortgage Development Government Tools 384

Housing Wire

JULY 28, 2023

We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. I think there are a couple of aspects of the product that will drive results for it. “Our

Insurance 301

Insurance Investors Development Housing Market 301

Housing Wire

MARCH 27, 2023

Construction activity may also be hampered, as construction and development loans for single-family home construction are heavily financed by regional and community banks, Fannie Mae noted. trillion in 2024. Jumbo loans account for approximately 12% of all loans originated as of February 2022. trillion in 2023 and $1.35

Construction 351

Construction Lending Finance Mortgage 351

Housing Wire

DECEMBER 21, 2023

KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. Part of that was also having to completely reconsider how we looked at investors and how we look at sources of liquidity. We’re on the brink of seeing that in 2024. What do we need to rebuild?

Technology 335

Technology Investors Development Loan Officers 335

Will Springer Realtor

JUNE 14, 2022

Washington established guidance called the Growth Management Act (GMA) that requires review and possible revision of land-development policies at least every 20 years. Industry wonks say many influencers – politicians, building developers, real estate investors – have forgotten the ideals of the GMA. If not now, when?

Development 59

Development Transportation Real Estate Law 59

Housing Wire

OCTOBER 5, 2023

“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. The news is just as positive in the more traditional home equity sector of HELOCs and CESs. It appears that securitization market has arrived.

Housing Market 390

Housing Market Marketing Contracts Finance 390

Housing Wire

SEPTEMBER 11, 2023

The agency initially planned to finish gathering industry feedback by the second quarter of 2023 and was set to implement a bi-merge system in the first quarter of 2024. We look forward to continuing to work with Director Thompson, and her staff, at developing a credit scoring model for the GSEs which support and protects all borrowers.”

Finance 374

Finance Government Mortgage Investors 374

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. Late last year, the U.S.

Government 356

Government Mortgage Investors Finance 356

Housing Wire

JANUARY 11, 2024

When [RMF] defaulted on its obligations, GNMA exercised its right to extinguish RMF’s interest in certain mortgages in order to ensure the timely payment to investors in securities backed by those mortgages,” the filing reads. Department of Housing and Urban Development (HUD)], stated that FHA disagrees with Ginnie Mae’s position.”

Lending 384

Lending Government Legal Law 384

Housing Wire

JULY 6, 2023

Carlton adds, however, that for fix and flip investors who understand their local markets, that vacant housing stock, in the right locations, still represents an opportunity. “ This is yet another illustration of the important role real estate investors have in helping to combat the housing-affordability crisis.”

Inventory 454

Inventory Renovations Real Estate Government 454

Housing Wire

JANUARY 18, 2024

SW: How do you decide what you want to develop next? Beyond that, making sure we are where we need to be as we progress through 2024. SW: What do you see as the biggest opportunity in 2024? JB: I think 2024 is going to be a really interesting bridge year. Feedback from our customers shows we are ahead here.

Technology 274

Technology Real Estate Architecture Investing 274

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. That means development can start this year, so the industry is ready to roll out the new forms in 2024.

Appraisal Process 322

Appraisal Process Appraisal Reconsideration of Value Valuation 322

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. As always, the years 2020-2024 were going to be different.

Mortgage 457

Mortgage Inventory Housing Market Construction 457

Housing Wire

MAY 24, 2022

Census Bureau and the Department of Housing and Urban Development. Keeping with the theme that the years 2020-2024 would be different, we can see the builders had pricing power, and they pushed it onto the consumer. million total home sales each year from 2020 to 2024. This is 16.6 percent (±10.4 percent (±13.7

Housing Market 392

Housing Market Inventory Construction Marketing 392

Eppraisal

JANUARY 24, 2023

This series will look at locating the right land; navigating through the purchasing process; engaging a lender to finance the purchase; developing the land in compliance with federal, state and local laws; and re-selling the improved property at  the right time. Best of all for landowners, it is a finite commodity.

Development 36

Development Easement Real Estate Home Value 36

Housing Wire

DECEMBER 14, 2022

Fed officials do expect to begin lowering rates in 2024, but they anticipate bringing them down slowly. ” On the back of encouraging signs that inflation-fighting measures are working, investors have speculated that central bank policymakers would pursue a less aggressive policy path in 2023.

Mortgage 393

Mortgage Buyers Marketing Inventory 393

Housing Wire

AUGUST 25, 2022

The investment we make today will have exponential benefits in 2023, 2024 and 2025 and beyond,” UWM CEO and Chairman Mat Ishbia said during an earnings call. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. and Sprout Mortgage.

Mortgage 390

Mortgage Loan Officers Finance Investors 390