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. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

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Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Fannie Mae ‘s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home.

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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.

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Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. historical dataset.

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Housing Wire

MARCH 7, 2024

“ Since November, there’s greater certainty by the investment community that the hiking cycle is done and that the economy is not falling off a cliff, that the housing market is not falling off a cliff. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac.

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Housing Wire

JUNE 26, 2023

Want to increase efficiency in your mortgage business? 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. She has some big ideas for disrupting the pattern of leadership at your mortgage business.

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Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

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Housing Wire

NOVEMBER 9, 2023

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. Acra is being cautious, Lind said, tightening its lending guidelines.

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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

MAY 18, 2023

From serving delicious food to serving career-changing mortgage data like no one else can, Mohtashami is a force to be reckoned with. Mohtashami has a passion for sharing his mortgage and housing economy knowledge. Prior to his time at HousingWire, Mohtashami worked as a senior loan manager for AMC Lending Group.

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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. At the HousingWire Mortgage Rates Center , the Optimal Blue data shows rates at 6.53% on Tuesday, up from 6.42% on Friday.

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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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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 This housing story was here before COVID-19 hit us.

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Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. Surveyed lending executives had a pessimistic outlook toward the economy.

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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

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. As of mid-March, Richards said the company had signed up more than 20 clients with an aggregate total of more than 5,000 mortgage originations.

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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

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

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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.

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Mortgagebroker News

OCTOBER 20, 2023

Top lending executives have their say on coming trends

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Housing Wire

APRIL 24, 2023

Housing demand and home prices have proved to be more resilient than expected in the first quarter of the year, but home sales will remain subdued largely due to the rate lock-in effect , according to Fannie Mae ‘s forecast. For 2024, Fannie Mae anticipates volumes of $2.02 For 2024, Fannie Mae anticipates volumes of $2.02

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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. They should be well known, respected among agents in the area, and highly specialized in mortgage lending.

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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. Mortgage demand fell 6% week over week at the end of July. The polarization of the lending market. Applications dropped 7% in the same period. Except, you very much can.

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Housing Wire

FEBRUARY 16, 2024

For most of its history, New American Funding (NAF) has focused on organic growth, but earlier this month, the company acquired Draper and Kramer Mortgage Corp. SW: What are some of the decisions you made during this current mortgage cycle that positioned NAF to be on the buying side instead of looking to be acquired?

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Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

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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

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

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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. in 2023, according to Fed staff.

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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. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

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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. However, a cool-down in prices is not the same thing as a housing crash.

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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. The mortgage loan officer handling the loan?

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand.

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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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Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said.

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Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

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Housing Wire

APRIL 1, 2022

The years 2020-2024 were going to be different not only for the housing market but also for the labor market. Just whistle, folks — that is a hot labor market. . For this scenario, Japan and Germany yields need to rise, which would push our 10-year yield toward 2.42% and get mortgage rates over 4%.

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