Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. The inventory picture There are now 539,000 single-family homes on the market unsold, which is up 3.2% Housing inventory climbed late in the year as mortgage rates rose. than last year at this time.

Sellers 424

Sellers Marketing Inventory Contracts 424

Housing Wire

MARCH 20, 2024

The so-called dot-plot estimates show the Fed might make one fewer rate cut in 2025 compared to its forecast in December 2023. Timing for potential cut Going forward, the market will be watching all economic data — including inflation and jobs data — to gauge when the central bank will cut interest rates. “I

Mortgage 389

Mortgage Government Lending Investors 389

Housing Wire

MARCH 21, 2024

(FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. Julie May, vice president and general manager of B2B Scores at FICO, said that in the mortgage space, the company charges “$3.50 A tier-based structure of $0.60 per score was implemented in 2022.

Mortgage 400

Mortgage Government Marketing Business 400

Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. trillion in 2025, up from $1.50 trillion in 2025, up from $1.50 million in Q4 2023.

Mortgage 540

Mortgage Contracts Construction Government 540

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.

Mortgage 450

Mortgage Buyers Inventory Technology 450

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co.

Mortgage 396

Mortgage Marketing Housing Market Buyers 396

Housing Wire

NOVEMBER 22, 2023

The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected. With mortgage rates having previously soared to around 8% , existing home sales will likely decline further to bottom out in early 2024. million in 2025. trillion in 2025. Existing home sales declined 4.1% in 2024 and 6.9%

Housing Market 369

Housing Market Mortgage Realtors Business 369

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. Among this group, about one in four agreed to purchase their home “as is.”

Real Estate Agent 453

Real Estate Agent Agents Real Estate Buyers 453

Housing Wire

MAY 19, 2021

An industry concern during the debate on the bill related to a provision which would have eliminated the tax deferral on the creation of mortgage servicing rights (MSRs). MSRs are booked as a balance sheet asset when loans are sold into the secondary market and show as book earnings at that time. Distributional Impact of the 2017 TCJA.

Housing Market 481

Housing Market Marketing Real Estate Government 481

Housing Wire

JUNE 1, 2023

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. On the fiscal side, President Joe Biden and House Speaker Kevin McCarthy struck a deal on Saturday to suspend the $31.4 debt limit until January 2025 and cap government spending. trillion U.S. trillion U.S.

Mortgage 354

Mortgage Government Housing Market Marketing 354

Housing Wire

FEBRUARY 22, 2024

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. Mortgage rates and rate volatility continue to impact transaction volumes, and we find ourselves at historic lows for sale of existing homes.

Marketing 372

Marketing Investors Housing Market Investing 372

Housing Wire

MARCH 8, 2024

Consumer sentiment toward housing inched higher for a third consecutive month as respondents feel increasingly optimistic about home selling conditions. housing market and consumer confidence to buy or sell a home, rose 2.1 Fannie Mae forecasts single-family mortgage origination volume at $1.92 points in February to 72.8.

Housing Market 460

Housing Market Development Mortgage Buyers 460

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. The offer is subject to market conditions and other factors. times, lower than its target of 3.5

Contracts 341

Contracts Investing Mortgage Investors 341

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. It alleviated some pressure on mortgage rates, which declined over the past week. But uncertainties over the Federal Reserve ‘s (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% in May, compared to 3.4%

Mortgage 374

Mortgage Investors Inventory Housing Market 374

Housing Wire

MAY 30, 2023

The debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy on Saturday represents momentary relief for the mortgage market , as it reduces the chances of a federal government default. debt limit until January 2025, with the ceiling set at whatever level it reaches when the suspension ends.

Mortgage 374

Mortgage Marketing Government Development 374

Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. in 2025, indicating four more 25 bps cuts. What does this mean for mortgage rates? Mortgage rates should get better. When Treasury yields go down, so do mortgage rates.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

NOVEMBER 21, 2023

Let’s not sugarcoat it: 2023 was a bad year for the housing market. Mortgage rates eclipsed 8% at one point, inventory hit all-time lows, and home prices continued to climb. will avoid a recession, mortgage rates will fall, incomes will continue to rise and an uptick in listings will spur more housing activity.

Inventory 443

Inventory Housing Market Mortgage Marketing 443

Housing Wire

FEBRUARY 7, 2024

Consumer sentiment toward housing reached its highest level since March 2022, fueled by increased confidence in job security and a higher share of people who expect mortgage rates to decrease. housing market and consumer confidence to sell or buy a home — rose 3.5 trillion in 2025, up from $1.50 trillion in 2023.

Mortgage 490

Mortgage Housing Market Marketing 490

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

Loan Officers 377

Loan Officers Mortgage Buyers Inventory 377

Housing Wire

MARCH 5, 2024

by early 2025. Home prices further increased in late 2023 despite high mortgage rates , which surged to the highest level since the beginning of the millennium,” Selma Hepp, chief economist for CoreLogic, said in a statement. But the data provider forecasts yearly growth to begin slowing in the coming months and fall to 2.6%

Mortgage 406

Mortgage Marketing Inventory Housing Market 406

Housing Wire

APRIL 29, 2024

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. As I noted previously, the housing market is bouncing on the bottom. million, marking an 86.4%

Insurance 343

Insurance Investors Housing Market Government 343

Appraisal Buzz

MAY 23, 2024

Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market,” says Lawrence Yun, chief economist for NAR, in a statement.

Inventory 195

Inventory Realtors Housing Market Mortgage 195

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 spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1%

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

Housing Wire

FEBRUARY 27, 2024

Redfin’s mortgage revenue was $26 million, down 8% from last year’s $28 million figure. In a dreadful housing market, Redfin got more efficient in the fourth quarter, again improving gross margins and operating margins, even as we laid the foundation for meaningful long-term growth,” Redfin CEO Glenn Kelman said in a statement.

Brokerage 328

Brokerage Housing Market Renovations Real Estate 328

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system.

Land Lease 388

Land Lease Law Finance Government 388

Housing Wire

SEPTEMBER 22, 2023

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. 17, according to a new report from Redfin.

New Listings 419

New Listings Inventory Buyers Mortgage 419

Housing Wire

DECEMBER 26, 2023

But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I I think the three most important factors driving sentiment and action next year are going to be supply, demand and mortgage rates.” An outcome like this would put additional pressure on a firm’s margins.

Brokerage 406

Brokerage Mortgage Agents Bracketing 406

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. 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. They climbed starting Jan. The takeaway?

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

MARCH 8, 2023

As expected, California-based mortgage lender loanDepot reported another unprofitable period in the fourth quarter of 2022, its third consecutive quarterly loss. The red ink resulted from declining mortgage production and came despite the company’s decision to exit the wholesale channel , trim its workforce , and invest in new products.

Housing Market 370

Housing Market Investing Mortgage Real Estate 370

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The froth is out of the market.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 416

Mortgage Investors Tools Technology 416

Housing Wire

APRIL 30, 2024

FHFA will hold a public session on the final rule in June and anticipates releasing updates to the Equitable Housing Finance Plans in January 2025. On Tuesday, several housing groups and trade associations lauded the agency for passing the new rule.

Lending 330

Lending Finance Government Realtors 330

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. As the heat rises, so too does the number of lenders seeking to exit the market. That is significant, the highest it’s been years. “…If

Mortgage 365

Mortgage Marketing Buyers Lending 365

Housing Wire

AUGUST 2, 2023

Zillow outperformed the broader industry for the fourth consecutive quarter as we navigate a tough real estate market,” said Zillow cofounder and CEO Rich Barton on the firm’s second-quarter earnings call Wednesday evening. He highlighted the launch of Listing Showcase by ShowingTime+ last June in select markets.

Agents 349

Agents Finance Sellers Housing Market 349

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 Fed met last week and we escaped dramatic changes in the markets. Now it’s on the rise.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

DECEMBER 19, 2023

The group projects a return to growth in 2025. Since the beginning of November, mortgage applications have rebounded approximately 15%. Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024.

Inventory 378

Inventory Mortgage Housing Market Finance 378