Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

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Mortgage Loan Officers Finance Buyers 433

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is now in good standing with the CDFI Fund and its next planned certification review is not until 2025, the originator said. “We

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Lending Finance Legal Contracts 375

Housing Wire

APRIL 21, 2021

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgage 295

Mortgage Brokerage Contracts Development 295

Housing Wire

OCTOBER 16, 2023

“I believe that we are at the point where we can hold rates where they are,” Harker said at the 2023 Mortgage Bankers Association Annual Convention & Expo in Philadelphia on Monday. But do not conflate a more moderate rate of GDP growth as a contraction,” Harker said. before heading toward 4% in 2025.

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Contracts Marketing Mortgage Finance 366

Housing Wire

AUGUST 15, 2022

The California-based mortgage tech company plans to reduce costs, including cutting 25% of its workforce, and will focus on products with a higher return on investment amid an extreme market downturn. This business was purchased during a much more robust economic and mortgage refinance environment. The forecast includes U.S.

Business 381

Business Investing Contracts Mortgage 381

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. “Wholesale is growing. in 2014. .

Retail 368

Retail Loan Officers Landlords Lending 368

Housing Wire

SEPTEMBER 9, 2021

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. During a Facebook Live address, Ishbia proclaimed that while AMCs add value to the industry, appraisals have been a stumbling block for the mortgage industry.

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Appraisal Valuation Appraisal Process Contracts 442

Housing Wire

NOVEMBER 7, 2023

. “We continue to aggressively reset our cost structure to address the impact of generationally low unit volumes as we maintain our focused execution of Vision 2025,” Martell said in a statement. Servicing fee income rose to $118.7 million in Q3 2023 from $117.7 million in the previous quarter.

Legal 408

Legal Contracts Real Estate Mortgage 408

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. And 2025 and 2026 will be off the charts. mortgage lender.

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Retail Inventory Mortgage Loan Officers 362

Housing Wire

JANUARY 18, 2024

Our recent acquisition of assets from Evolve mortgage, SigniaDocuments, include its SMART Doc engine and whole set of docs for mortgage, including HELOCs. We expect things to pick up this year, but certainly 2025 should be a great year so ’24 is that bridge year.

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Technology Real Estate Architecture Investing 281

Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M Worried we did not have enough money for mortgage payments.

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Contracts Appraisal Mortgage Inspection 85

Will Springer Realtor

FEBRUARY 13, 2024

We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. Active listings typically fall when mortgage interest rates fall and rise when interest rates rise. in Q1 2025 (6.3%) 5.6% in Q2 2025 (6.2%) 5.6%

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. The national economy is growing.

Marketing 60

Marketing Inventory Buyers Sellers 60

Housing Wire

JULY 12, 2022

Nonbank lender loanDepot is making what appears to be the largest series of cuts in the mortgage industry this year, eliminating 4,800 jobs over the course of 2022. “After two years of record-breaking volumes, the market has contracted sharply and abruptly in 2022. As of July 12, the company had 8,500 employees.

Real Estate 76

Real Estate Contracts Mortgage Lending 76

Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. Origination volume forecast for 2024 Fannie Mae forecasts the total single-family mortgage originations volume to be $1.98 million in Q4 2023.

Mortgage 540

Mortgage Contracts Construction Government 540

Appraisal Today

FEBRUARY 2, 2024

As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me that providing training in Q2 2025 would be more appropriate than 6 months before. At the same time, affordability challenges will persist at higher mortgage rate levels. January 31, 2024) — Mortgage applications decreased 7.2

Appraisal 67

Appraisal Contracts Training Real Estate 67

Appraisal Today

APRIL 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 Mortgage applications increased 3.3 bath, 5,258 sq.ft.

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Appraisal Contracts Valuation Design 68

Appraisal Today

OCTOBER 6, 2023

2024-2025 USPAP 7-Hour Update Course is being approved or is approved, in the states. unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. Varies widely around the country. == Mortgage applications decreased 6.0 October 4, 2023) — Mortgage applications decreased 6.0

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Appraisal Contracts Real Estate Mortgage 78

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Mortgage rates seem to have finally settled down. The longer mortgage rates stay higher, the more inventory will grow closer to the old levels.

New Listings 490

New Listings Inventory Contracts Sellers 490

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. Pending sales (sellers in contract with buyers) climbed 14% year-on-year (YoY) for King (2775) and Seattle (1012); they are up 23% YoY on the Eastside (865). Prices rose, too, to near-record highs. annualized.

Marketing 36

Marketing Inventory Buyers Sellers 36

Appraisal Today

SEPTEMBER 22, 2023

Mortgage interest rates ALWAYS go up and down. Appraising will be different in 2025. At the current mortgage rate, and with a 20% down payment, homes priced at $250,000 will have a typical monthly payment of around $1,358, before property taxes and home insurance costs. September 20, 2023) — Mortgage applications increased 5.4

Appraisal 87

Appraisal Training Inspection Real Estate 87

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. Repurchase requests are prompted after GSE quality-review teams uncover underwriting errors in mortgages purchased by the agencies. “It

Mortgage 369

Mortgage Marketing Buyers Lending 369

Housing Wire

DECEMBER 19, 2023

Housing inventory climbed late in the year as mortgage rates rose. Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. Contracts growing We continue to see the new contracts grow each week: There were 7.7% more new contracts started this week than the same week a year ago.

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Sellers Marketing Inventory Contracts 440

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. recession to begin in 2023, which gathered more votes than 2022 (30%), 2024 (8%) or 2025 and beyond (17%).

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

MARCH 18, 2024

At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. 1 and as of today, March 18, mortgage rates are 30-40 basis points higher than Jan. This week in 2022 was the last of the 3% mortgages.

Inventory 408

Inventory New Listings Sellers Contracts 408

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Retail 347

Retail Real Estate Agent Business Mortgage 347

Housing Wire

JULY 17, 2023

In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. We could see inventory from distressed sellers emerge in 2025. There was no crash.

Real Estate 310

Real Estate Marketing Inventory Contracts 310

Will Springer Realtor

MAY 13, 2024

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. . >>

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HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? households that could afford a modest $400,000 mortgage – about the amount required to purchase a median-priced home in the U.S.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Housing Wire

MAY 25, 2022

One of the largest loan-servicing companies in the nation, Lakeview Loan Servicing LLC , is facing at least a dozen civil lawsuits, all seeking class-action status, in the wake of a major cyberattack that compromised the personal data of the mortgage borrowers the company serves. dollars annually by 2025,” Bailey added. “We’re

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