Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. The implementation will occur in phases starting on March 31, 2025. According to the USMI, private mortgage insurers held more than $26.8

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Insurance Mortgage Finance Construction 441

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based).

Mortgage 441

Mortgage Modernization Technology Development 441

Housing Wire

SEPTEMBER 16, 2024

At the end of August, Guild Mortgage announced a suite of products under the name “ Flex Payment Mortgage ,” which includes Home Equity Conversion Mortgage ( HECM ) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. So, our division fits in perfectly with that.

Mortgage 413

Mortgage Business Loan Officers Investing 413

Appraisal Buzz

JULY 10, 2024

In the most recent Fannie Mae Mortgage Lender Sentiment Survey (MLSS), mortgage lenders listed “cost-cutting” and “talent management and leadership” as their two top business objectives for 2024. A third do not expect a jump in refinance activity in the near future, whereas nearly three out of five forecast a refinance boom in 2025.

Mortgage 396

Mortgage Business Technology Development 396

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” But now rates are down more than 1.5% from this peak.

Buyers 482

Buyers Marketing Mortgage Real Estate Agent 482

Housing Wire

AUGUST 20, 2024

Wells Fargo has agreed to sell most of its commercial mortgage servicing portfolio to Atlanta-based Trimont. The transaction includes only Wells Fargo’s non-agency, third-party commercial mortgage servicing (CMS) business. The deal is expected to close in early 2025. and international commercial mortgages.

Mortgage 429

Mortgage Real Estate Lending Clients 429

Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. billion in mortgages, down from $5.3 billion in mortgages, down from $5.3 billion in the previous quarter. billion in the previous quarter.

Lending 430

Lending Mortgage Tools Development 430

Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Banks have reduced their exposure to mortgage servicing rights (MSRs) due to expected higher capital requirements and risks.

Investors 460

Investors Mortgage Business Buyers 460

Housing Wire

AUGUST 21, 2024

Mortgage rates have moved lower in recent months, but Fannie Mae economists said Wednesday that this won’t be enough to increase the number of homes sold in the foreseeable future. These include purchase mortgage application levels, home tour requests and online views of listings. million sales in 2025 (down from 5.26

Mortgage 460

Mortgage Construction Inventory Housing Market 460

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. 25, when the deal is set to expire, the company said.

Finance 242

Finance Investors Business Mortgage 242

Housing Wire

JUNE 12, 2024

The Mortgage Bankers Association (MBA) on Wednesday announced that Owen Lee, CEO at Success Mortgage Partners (SMP), has been nominated to serve as the association’s vice chairman for the forthcoming 2025 membership year.

Mortgage 430

Mortgage Real Estate Law Insurance 430

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

Mortgage 493

Mortgage New Listings Loan Officers Inventory 493

Housing Wire

AUGUST 5, 2024

mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchmark interest rates, along with a much weaker-than-expected jobs report. Mortgage spreads tightened at the same time, taking the Fannie Mae current coupon to 5.05%.

Mortgage 493

Mortgage Marketing Insurance Loan Officers 493

Appraisal Buzz

JUNE 27, 2024

month-over-month, not just falling below forecasters’ hopes but hitting an all-time low since the NAR began collecting this data in 2001,” said Kate Wood, Home & Mortgage Expert at NerdWallet. “A A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

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Contracts Inventory Buyers Mortgage 418

Appraisal Buzz

JUNE 26, 2024

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} loanDepot Managing Director of Mortgage Lending Operations Viviana Abarca loanDepot Inc. elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} loanDepot Managing Director of Mortgage Lending Operations Viviana Abarca loanDepot Inc.

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Lending Mortgage Investing Business 221

Housing Wire

JULY 18, 2024

Amid expectations that the Federal Reserve will cut benchmark interest rates in the coming months, analysts at investment banking company Jefferies anticipate that mortgage rates could reach 6.5% at the end of 2024 and 5.75% in 2025, unlocking $2.7 According to Jefferies analysts, the Fed’s moves will bring mortgage rates to 6.5%

Tools 451

Tools Mortgage Investing 451

Housing Wire

JUNE 12, 2024

Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the newest U.S. mortgage originations outlook from financial services forecasting and advisory company iEmergent.

Marketing 430

Marketing Mortgage Tools Inventory 430

Housing Wire

MAY 23, 2024

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pretax net loss of $645 on each loan they originated in the first quarter of 2024 — a decrease from the average loss of $2,109 per loan in Q4 2023, according to the Mortgage Bankers Association ’s (MBA) newest quarterly performance report.

Retail 460

Retail Mortgage Valuation Inventory 460

Housing Wire

SEPTEMBER 17, 2024

Mortgage rates, which aren’t directly impacted by overnight interest rates, have nonetheless moved lower in recent months. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average rate for a 30-year conforming loan was 6.34%. That figure was down 13 bps from a week ago and 26 bps lower than two weeks ago.

Mortgage 254

Mortgage Housing Market Construction Tools 254

Appraisal Buzz

JUNE 17, 2024

Viviana Abarca has been promoted to managing director of mortgage lending operations at loanDepot. Abarca is a seasoned mortgage professional who, over the past 11 years, has held a series of leadership positions with increasing responsibility at loanDepot. She will be based in loanDepot’s Phoenix-area operations hub.

Lending 195

Lending Mortgage Tools Development 195

Appraisal Buzz

AUGUST 28, 2024

Fannie Mae and Freddie Mac have both released additional information regarding new protections for tenants in multifamily properties with mortgages backed by the Government-Sponsored Enterprises (GSEs). non-GSE) form loan documents. non-GSE) form loan documents.

Tenants 418

Tenants Finance Government Tools 418

Housing Wire

SEPTEMBER 15, 2024

In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. The FHFA will not announce its official conforming loan limit for 2025 until November.

Mortgage 498

Mortgage 498

Housing Wire

JULY 30, 2024

As Federal Reserve policymakers meet this week amid a high likelihood they’ll keep benchmark interest rates unchanged, the recent downward movement in mortgage rates leveled off. HousingWire ‘s Mortgage Rates Center showed that the average 30-year conforming loan rate was at 7.01% on Tuesday. million in June.

Mortgage 429

Mortgage Tools Housing Market Marketing 429

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. The average 30-year fixed mortgage rate was at 7.09% on Wednesday, compared to 6.66% a year ago, according to HousingWire’s Mortgage Rates Center.

Mortgage 451

Mortgage Government Lending Investors 451

Appraisal Buzz

AUGUST 21, 2024

According to the Fannie Mae Economic and Strategic Research (ESR) Group’s August 2024 commentary , total home sales are predicted to be lower than previously predicted through the end of 2024 and then not significantly increase until later in 2025, even with the recent decline in mortgage rates. million in 2025.

Mortgage 396

Mortgage Construction Inventory Marketing 396

Housing Wire

APRIL 17, 2024

One planner solicited for input thinks that a reverse mortgage could be a worthy consideration, among other options, according to a new blog. “I My property taxes are about $16,000 for 2023-24, and likely will be $20,000 or more for 2025; home sales drive up my property taxes, not improvements. I used to dislike reverse mortgages.

Property Taxes 441

Property Taxes Mortgage Tools Clients 441

Housing Wire

JUNE 20, 2024

million in senior notes due in the fourth quarter of 2025, resulting in new debt with a higher interest rate and a shorter maturity period than usually seen in the market for similar companies. The company has invested in a Vision 2025 program, bringing investments to platforms, products and people, Martell added. This includes $340.6

Investing 430

Investing Lending Investors Mortgage 430

Appraisal Buzz

JUNE 17, 2024

WaterfallCalc , a provider of expert guidance and loss mitigation technology for mortgage servicers, has released the FHA Payment Supplement Agreement documentation and automated claim process ahead of the January 2025 deadline imposed by the U.S. Department of Housing and Urban Development.

Mortgage 195

Mortgage Legal Technology Design 195

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. at the end of 2025 as Treasury rates decline and as the spread narrows.

Mortgage 502

Mortgage Marketing Inventory Technology 502

Housing Wire

JULY 24, 2024

Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards Maintenance Organization.

Mortgage 441

Mortgage Development Lending 441

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion portfolio of MBS.

Mortgage 451

Mortgage Marketing Housing Market Buyers 451

Inman

JUNE 24, 2024

Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections.

Mortgage 186

Mortgage Marketing Agents 186

Inman

FEBRUARY 29, 2024

Fannie and Freddie's federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models.

Mortgage 176

Mortgage 176

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

Mortgage 513

Mortgage Inventory Marketing Finance 513

Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in 2025 to reach $405,200.

Contracts 468

Contracts Housing Market Construction Inventory 468

Housing Wire

JUNE 1, 2024

Mortgage rates have been a bit more volatile recently due to hawkish Federal Reserve statements and inflation data, which has impacted some of the recent movement in the 10-year yield. So, what does this all mean for the housing market and the future of mortgage rates? Once mortgage rates began rising in 2024, some demand was removed.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

FEBRUARY 21, 2024

The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged. Gordon also announced that the FHA is extending the current temporary waterfall into 2025. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9

Renovations 441

Renovations Mortgage Design Development 441