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
Housing Wire
MAY 10, 2023
At that point, Home Point said it would manage its balance sheet and mortgage servicing rights ( MSR ) portfolio. Per the transaction, Mr. Cooper is acquiring all outstanding shares of Home Point and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. billion in 2022, a 71.6%
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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. Is it the bottom?
Housing Wire
MAY 12, 2023
In the first quarter, Home Point’s origination and servicing businesses were in the red amid declining production volumes and a negative change in the fair value of its mortgage servicing rights (MSR). The company failed to adjust to a landscape of high mortgage rates, low inventory levels and fierce competition.
Housing Wire
DECEMBER 13, 2023
For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S. When Treasury yields go down, so do mortgage rates.
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.
Housing Wire
APRIL 27, 2022
“Second, over 8 million homeowners were delinquent on their mortgages, and once they lost their home, they would join the ranks of renters. I believe the homeownership rate can get back to 66.21% at some point in the years 2022-2026.”. Our demographics were either too young or too old to be in the market to purchase homes.
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