Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It appears that securitization market has arrived.

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Housing Wire

MAY 3, 2024

Homebuilder constraints Unlike the prelude to the 2008 housing market crash, homebuilders today face unique challenges that mitigate the risk of overbuilding. Millennials, a sizable chunk of people in their prime buying years, are entering the housing market in force. In 2024, the housing market is set to continue on.

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Appraisal Buzz

JUNE 13, 2024

He has also held leadership roles and served as an individual revenue contributor at WNS North America, Capgemini, Recovery Management International, along with roles at various other mortgage lending institutions.

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Housing Wire

JUNE 12, 2024

For example, from 1985-2007, housing tenure was five to seven years; from 2008-2024, it grew to 11-13 years. housing market, which offers a 30-year fixed mortgage, especially compared to countries like Canada that have had to try 90-year loan modifications. This is the risk of late-cycle lending in the U.S.,

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Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” He expects the company to stay on a pace for an offering every two months in 2024. Our analytical team believes we’re approaching a bull market as far as fixed-income [securities].”

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Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. The VantageScore dataset that is scheduled to be made available includes information going back to 2013, which is not far enough, the groups assert.

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Housing Wire

NOVEMBER 9, 2023

According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. We’re getting more of the mom-and-pop investors, and it tells me that they have confidence in the housing market,” he said. “I Acra is being cautious, Lind said, tightening its lending guidelines.

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Housing Wire

JUNE 26, 2023

As a leader who has been in charge throughout the highs and lows of the housing market, Lindblom has guided some of the biggest rising stars on how to own your career journey. In 2024, Lindblom believes the focus of the housing industry will be on, “purchase activity and first-time homebuyers.”

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Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Housing Wire

MARCH 31, 2022

The online reaction was immediate — housing must be about to crash. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. First, because there is no speculative debt demand going on today, there can’t be a housing bubble.

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Appraisal Buzz

JUNE 7, 2024

In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues. According to CFPB Circular 2024-03, companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections.

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Housing Wire

MAY 18, 2023

According to Logan, if he could change anything in the housing industry, Mohtahsami says he would, “reduce the cost of a mortgage.” As the lead analyst for Housingwire, he creates weekly housing market trackers so readers can get the most up-to-date information on the housing market.

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Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. Instead, they closed 2023 at 6.67%.

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Housing Wire

OCTOBER 22, 2020

Still, this seems like a booming housing market, right? I have often claimed that 2008-2019 would have the weakest housing recovery ever in history. I also said that the new home sales recovery would be fairly anemic, housing starts would never start a year at 1.5 And it did. of all loans were tight this year.

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Mortgagebroker News

OCTOBER 20, 2023

Top lending executives have their say on coming trends

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Housing Wire

AUGUST 21, 2020

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. We saw hints of a flourishing housing market prior to the COVID crisis.

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Housing Wire

MARCH 22, 2023

at the end of 2024, up from 4.1% In addition, the stress on smaller banks may result in tightening lending standards, requiring fewer rate hikes from the Fed to cool down the economy and combat high inflation. Regarding the housing market, Powell said that “activity remains weak largely reflecting higher mortgage rates.”

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Housing Wire

JULY 20, 2023

Fannie Mae conducted an online survey consisting of 10 questions among senior executives — such as CEOs and CFOs of Fannie Mae’s lending institution partners. Surveyed lending executives had a pessimistic outlook toward the economy.

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. They crested near 7.6% at the end of April, according to HousingWire ’s Mortgage Rates Center.

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Housing Wire

JUNE 11, 2024

In January 2024, it opened a wholesale lending channel that allows business partners to leverage a wholesale product while remaining the originator of record. This allows them to take the loan application, submit it and earn compensation for the transaction.

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Housing Wire

DECEMBER 14, 2020

The evidence for this can be seen here in a series of charts published with the article: Considering all the wild machinations in the market that we lived through from the date of the first infections to the present, I thought it would be useful to recap some of the year’s significant economic milestones. BC Era: Before Coronavirus.

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Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

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Housing Wire

APRIL 24, 2023

New home construction is expected to pull back later in 2023 – consistent with Fannie Mae’s forecasted recession – which is due, at least in part, to tighter credit availability for construction lending. For 2024, Fannie Mae anticipates volumes of $2.02 In 2024, home prices will decline by a further drop of 2.2%

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Housing Wire

SEPTEMBER 27, 2022

These days, every week brings a new report, forecast or piece of news reminding us that the mortgage lending market is in uncharted waters. In a field built on risk — like mortgage lending — the lack of control or agency can often feel like the biggest risk of all. The polarization of the lending market.

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Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It

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Housing Wire

FEBRUARY 27, 2024

In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods. might avoid a recession in 2024, or at least experience a soft landing.

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Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. By the end of second-quarter 2024, Flyhomes hopes to be licensed and operational in 40 states. “So,

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Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Read on for Kirby’s take on opportunities in wholesale lending, the challenges he faces with starting a new mortgage brokerage shop and how he plans to scale his business. How are you recruiting new LOs?

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Housing Wire

JUNE 8, 2023

It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. as of March 20 to 114.42

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Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. The years 2020-2024 were always going to be different from 2008-2019. Time will tell on that.

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Housing Wire

FEBRUARY 16, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with New American Funding CEO and Co-founder Rick Arvielo to talk about the acquisition, the company’s strategy for the rest of 2024, and what differentiates NAF in this market. Sarah Wheeler: Market conditions have fueled a lot of M&A activity recently.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Wire

SEPTEMBER 11, 2023

About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024. Currently licensed in 18 states, Cliffco plans to expand its footprint to 40 states by 2024. The lender has about 80 loan officers and aims to hire up to 100 in states.

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Housing Wire

JULY 6, 2023

This, in part, is causing the tight inventory we’re seeing in the housing market today, as two out of every three houses have mortgages with interest rates below 4% and aren’t motivated to sell their house unless a significant circumstance warrants it.” through the first quarter of 2024.”

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Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. It was and is controversial. Try this this bigger oar.

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Housing Wire

DECEMBER 29, 2023

. “The new home market has been extraordinary in 2023, and I think heading into 2024, we’re going to have the golden age of new home construction,” David O’Reilly, CEO of Howard Hughes , said in a recent CNBC interview. Let’s look at the new construction forecast for 2024.

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Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

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