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Reverse mortgage volume, securities issuance fall in February

Housing Wire

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% Home Equity Conversion Mortgage (HECM) endorsements fell 11.8%

Mortgage 427
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Fed purchases of agency MBS total $892 billion

Housing Wire

Five months after restarting a bond-buying program last used in the financial crisis, the Federal Reserve has purchased about $892 billion of agency mortgage-backed securities, according to a Fed blog post on Thursday. The asset-buying has helped to drive mortgage financing costs to the lowest level ever recorded, with the average U.S.

Investors 482
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Agency MBS market is facing a supply-side threat

Housing Wire

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period.

Marketing 394
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

George Dell – his usual very interesting comments. Freddie Mac’s Bulletin, announcing the new policy, states: “Freddie Mac, in collaboration with Fannie Mae and HUD, is implementing requirements related to reconsideration of value (ROV) that promote consistency when a perceived appraisal issue and/or appraisal deficiency exists.

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January Newsletter- Happy 2022!

DW Slater Company

This year was extraordinary with home price appreciation double digits in all our North Texas markets. The ingredients for this appreciation were record low supply, high demand as the pandemic created a need for change for many, and historically low mortgage interest rates which have remained below 4% since April of 2019.

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Appraisals: Using Comps Across a Freeway?

Appraisal Today

I’ve found this when pulling comps through the years, and I’ve also shown this when making graphs. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Are you looking for new ways to improve your efficiency? Acre lot. .

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June Newsletter-Easing Off the Pedal

DW Slater Company

I did end up fixing my speedometer and had the ticket removed from my record by taking a Defensive Driving course. Home prices are still going up at a high rate. Prices are up 22% – 32 % from the same time last year. Homes are still selling over the list price and the supply of homes is still very low.