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. Mat Ishbia: In the 2022 and 2023 markets, rates went up a lot.

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Retail Inventory Mortgage Loan Officers 355

Housing Wire

MAY 12, 2023

The company failed to adjust to a landscape of high mortgage rates, low inventory levels and fierce competition. However, after the impact of capital markets and other activity, the gain-on-sale margin in the fourth quarter was just 12 bps, compared to 22 bps in the previous quarter. Home Point’s servicing portfolio totaled $88.4

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Housing Wire

DECEMBER 11, 2023

A top-tier borrower with a 780 FICO score and a 25-30% down payment for a single-family vanilla 30-year fixed-rate mortgage was quoted 6.875% on Thursday, said Larry Steinway, senior vice president of mortgage lending and branch manager of Revolution Mortgage. “We We are definitely seeing an uptick in demand. in 2024 before declining to 6.9%

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Housing Wire

AUGUST 16, 2023

That alone suggests better days ahead for IMBs, even if rates don’t fall into the 6s for a few more months, the secondary market remains a mess, and seasonality results in low volume in the first quarter of 2024. This should contribute to the biggest IMB lenders gobbling up additional market share, even if no single lender is at 10%.

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Will Springer Realtor

JANUARY 9, 2024

This should have sparked the fading embers of an otherwise chilly housing market in Seattle/King County in the final days of 2023. December’s housing activity in King County was marked by shriveling supply amid fewer listings hitting the market in what is traditionally a low point of the real estate year. Inventory stood at 2.0

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Appraisal Today

FEBRUARY 2, 2024

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context.

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