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.

Real Estate Agent 456

Real Estate Agent Agents Real Estate Buyers 456

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. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2

Contracts 368

Contracts Investing Mortgage Investors 368

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 398

Loan Officers Mortgage Buyers Inventory 398

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 426

Mortgage Marketing Inventory Housing Market 426

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.” So, that has always been the concern.”

Brokerage 427

Brokerage Mortgage Agents Bracketing 427

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 403

Inventory Mortgage Housing Market Finance 403

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 438

New Listings Inventory Buyers Mortgage 438

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 357

Lending Finance Government Realtors 357

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

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 422

Mortgage Investors Tools Technology 422

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 394

Marketing Investors Housing Market Investing 394

Housing Wire

AUGUST 2, 2023

With the resilient but still slower housing market conditions of the second quarter of 2023, Zillow reported that traffic to its apps and site was at 226 million average monthly unique users, down from 234 million a year ago. He highlighted the launch of Listing Showcase by ShowingTime+ last June in select markets.

Agents 363

Agents Finance Sellers Housing Market 363

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.

Mortgage 391

Mortgage Loan Officers Finance Investors 391

Housing Wire

APRIL 6, 2023

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks received a disappointing sales report card for 2022, which was led by a rapid rise in mortgage rates , low housing inventory and affordability challenges. Last year, average production volume was $2.6

Valuation 351

Valuation Mortgage Inventory Business 351

Housing Wire

NOVEMBER 1, 2023

“We believe the pay-to-play marketplace is a step backwards for consumers and the industry as a whole and we very much like our position and growth plan in a market structure the continually evolves towards our principles of access, independence and transparency,” he said. It’s a year of execution as we prepare to scale in 2024 and 2025.

Real Estate 440

Real Estate Advertising Agents Realtors 440

BiggerPockets

JULY 21, 2023

In a recent economic outlook by Morningstar, the housing market affordability is currently mimicking the peak of the housing bubble in 2006. This similarity is due to a combination of mortgage […]

Housing Market 64

Housing Market Mortgage Marketing Real Estate 64

Housing Wire

SEPTEMBER 7, 2023

Equity Prime Mortgage (EPM) has completely shifted to the TPO business after seeing growth opportunities in the wholesale channel, a distribution channel that’s been growing in recent years. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. EPM originated $1.05

Retail 390

Retail Loan Officers Business Lending 390

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.

Investors 374

Investors Government Mortgage Investing 374

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

DECEMBER 22, 2020

New York-based mortgage lender InterContinental Capital Group plans to make a big investment in Charlotte, North Carolina. According to the release, the company’s new job offerings in 2021 include sales, marketing, fulfillment, tech, administration and executive management and will average its salaries at $87,500 per year. Overall, $8.45

Real Estate Agent 400

Real Estate Agent Investing Housing Market Real Estate 400

Housing Wire

AUGUST 10, 2023

Mortgage tech firm Blend Labs narrowed its financial losses in the second quarter on the strength of its platform business as well as cost-cutting measures. Blend, whose white-label software processes billions in mortgage transactions for lenders, reaffirmed its goal of reaching profitability by 2024. million in Q1 and $45.1

Mortgage 345

Mortgage Business Technology Design 345

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. What happens when you have the best housing demographics ever, the lowest mortgage rates ever, and all-time lows in inventory?

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. What happens when you have the best housing demographics ever, the lowest mortgage rates ever, and all-time lows in inventory?

Inventory 370

Inventory Buyers Sellers Investors 370

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

FEBRUARY 23, 2024

The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. HousingWire’s Mortgage Rates Center showed the 30-year fixed-rate mortgage at 7.21% on Feb.

Housing Market 456

Housing Market Marketing Retail Mortgage 456

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.

Housing Market 393

Housing Market Marketing Inventory Lending 393

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 422

Mortgage Government Marketing Business 422

Housing Wire

FEBRUARY 5, 2024

Effective March 1, the credit will be available for homebuyers earning 50% of area median income (AMI) or less through Freddie Mac’s Home Possible and Housing Finance Agency (HFA) Advantage mortgage products. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

Mortgage 509

Mortgage Finance Insurance Government 509

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. Only 1183 single-family homes were on the market in the county on Feb. Active listings typically fall when mortgage interest rates fall and rise when interest rates rise.

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

DECEMBER 3, 2020

For example, senior citizens don’t have to “succumb to a reverse mortgage” and can instead sell their home and retain equity, she said. Wildfire-relief funding generated by the law is not expected to be dispersed until 2025, according to the Los Angeles Times. The state’s going to make a lot of money.”.

Property Taxes 328

Property Taxes Realtors Law Inventory 328

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. Despite a challenging financing environment, the Seattle/King County housing market is moving forward. Mortgage rates continue to be the focus of both sellers and buyers, waiting for something to give.

Marketing 60

Marketing Inventory Buyers Sellers 60

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 441

Mortgage Loan Officers Inventory Business 441

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 million units by the fourth quarter of 2024, up from 3.8

Mortgage 540

Mortgage Contracts Construction Government 540

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 in 2024 and mortgage originations will increase.

Contracts 85

Contracts Appraisal Mortgage Inspection 85

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 469

Housing Market Development Mortgage Buyers 469

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

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 504

Mortgage Housing Market Marketing 504