Housing Wire

FEBRUARY 15, 2024

We’ve done the hard work in 2023 to be leaner, to be more agile, to be able to rescale the business in a sustainable fashion.” Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022. billion in inventory. billion in inventory. “We

Business 429

Business Advertising Inventory Contracts 429

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Mortgage rates were again in a small range, hanging near 7%. Purchase apps had a small week-to-week gain.

Inventory 417

Inventory Housing Market Marketing New Listings 417

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Real Estate 441

Real Estate Housing Market Real Estate Agent Marketing 441

Appraisal Buzz

JUNE 25, 2024

When asked to rank-order the most critically important issues facing mortgage lenders today, respondents to The Mortgage Collaborative ’s 2024 Pulse of the Network survey identified business development as their top concern. And while 36.7% And while 36.7%

Development 195

Development Business Mortgage Inventory 195

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. ” A combination of soaring insurance rates and new regulations on condo association reserves and building maintenance work has created a surge in condo inventory in Florida.

Marketing 523

Marketing Mortgage Finance Inventory 523

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 403

Inventory Marketing Business Buyers 403

Appraisal Buzz

JULY 12, 2024

He graduated from John Carroll University with a Bachelor of Science in business administration and received his MBA from the University of Pittsburgh. housing inventory so tight right now, how can vacant properties play a role? housing inventory so tight right now, how can vacant properties play a role? Q: With U.S.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221

Housing Wire

SEPTEMBER 17, 2024

Homebuilder confidence has been declining for months, but positive developments with mortgage rates are giving them a rosier outlook. The leap can be attributed to falling mortgage rates. Other metrics in the index show that business is improving for builders. The index rose to 41, growing by two points relative to August.

Mortgage 441

Mortgage Construction Housing Market Development 441

Housing Wire

FEBRUARY 22, 2024

Growing and changing is vital to expand your services and business growth so that you can tailor services in REO. Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times.

Business 417

Business Marketing Real Estate Legal 417

Housing Wire

JUNE 29, 2021

Data from that month showed that housing was breaking out — but because we received this data in March of 2020, we were all too busy trying to survive to take notice. The post Housing inventory is about to get better — here’s why appeared first on HousingWire. with the housing market leading the way. Become a member today.

Inventory 542

Inventory Housing Market Marketing Business 542

Housing Wire

APRIL 2, 2021

The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year. This sector showed the strongest gains in March with 280,000 new jobs, and there’s likely more to come with wider vaccine distribution and businesses reopening. Overall, there are approximately more than 4.2

Inventory 509

Inventory Construction Housing Market Business 509

Housing Wire

MARCH 2, 2023

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “ What happened to ‘normal’?

Real Estate Agent 403

Real Estate Agent Inventory Real Estate Agents 403

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.

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Buyers Marketing Mortgage Real Estate Agent 482

Housing Wire

AUGUST 18, 2021

Homebuilders are navigating their housing stock well to make sure not to give up too much on the margin side of the business in the future. The post Why aren’t builders creating more housing inventory? The previous economic expansion from 2008 to 2019 had the weakest housing recovery ever following the bust. Already a member?

Inventory 523

Inventory Buyers Business Mortgage 523

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgage 482

Mortgage Construction Buyers Inventory 482

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

SEPTEMBER 18, 2024

For those of us in the mortgage world, the spring and summer market may be showing some signs of slowing down, and what a ride this market has been. We have been through a pandemic, and many came out feeling like they and their business were invincible. I myself work among the best of the best in the mortgage industry.

Mortgage 441

Mortgage Loan Officers Business Tools 441

Housing Wire

MARCH 6, 2024

The typically busy spring housing market seems to already be at the doorstep despite stubbornly higher mortgage rates. Mortgage applications increased by 9.7% on a seasonally adjusted basis during the week ending March 1, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey.

Mortgage 441

Mortgage Retail New Listings Inventory 441

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officers 403

Loan Officers Mortgage Inventory Clients 403

Housing Wire

JUNE 19, 2023

It’s fair to say that almost everyone living in a home today worked with a real estate professional to purchase or mortgage their home. According to the latest data from Altos Research , the real estate market is experiencing unusual patterns in pricing, inventory and demand.

Real Estate 369

Real Estate Business Clients Client Relationships 369

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. This, in turn, has made business brutal, Yopko explained. This, in turn, has made business brutal, Yopko explained.

Mortgage 388

Mortgage Inventory Housing Market Buyers 388

Appraisal Buzz

OCTOBER 28, 2024

Total mortgage origination volume is forecast to increase to $2.3 trillion expected in 2024, according to the Mortgage Bankers Association (MBA). By loan count, total mortgage origination volume is expected to increase to 6.5 By loan count, total mortgage origination volume is expected to increase to 6.5

Mortgage 195

Mortgage Inventory Housing Market Development 195

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. in events to garner business. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges.

Housing Market 430

Housing Market Mortgage Marketing Inventory 430

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 482

Mortgage Real Estate Agent Renovations Finance 482

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. They shared ideas about how much H4P is driving active conversations, volume predictions and actual business.

Mortgage 441

Mortgage Loan Officers Lending Business 441

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. According to Inside Mortgage Finance , NAF was the 31st largest U.S.

Mortgage 441

Mortgage Loan Officers Inventory Finance 441

Housing Wire

FEBRUARY 6, 2024

Introducing the NEW HousingWire Mortgage Rates Center, a resource for housing professionals to access real-time mortgage rates data and the insights that fuel understanding and decision-making. 6: “Mortgage pricing should be a bit better today. This data set is modeled using real-time locked rates with consumers nationwide.

Mortgage 430

Mortgage Inventory Housing Market Marketing 430

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Housing Market 475

Housing Market Marketing Mortgage Sellers 475

Housing Wire

MARCH 12, 2023

Mortgage rates fell even though the jobs report was stronger than anticipated. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. As a result, mortgage rates, which climbed as high as 7.05% last week, fell to a low of 6.76% on Friday.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

SEPTEMBER 20, 2024

As a result, lenders can scale their businesses more effectively, respond to market demands faster, and provide a smoother, more user-friendly experience for borrowers, all while reducing costs. A boost in inventory is clearly needed. That’s not sustainable for a healthy mortgage industry.

Lending 439

Lending Mortgage Technology Tools 439

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. If home prices and lending costs moderate in 2024, significant demand could flow into the market.

Bracketing 488

Bracketing Mortgage Lending Inventory 488

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). The data shows that the bank produced $25.3

Mortgage 460

Mortgage Lending Retail Business 460

Appraisal Buzz

SEPTEMBER 2, 2024

This is true even as the weekly average mortgage rate drops to its lowest point in 15 months and the median monthly home payment in the U.S. The weekly average 30-year fixed mortgage rate was 6.46% (week ending August 22), representing the lowest level since May 2023 and down from 7.23% YoY, according to Freddie Mac. Lower home prices.

Mortgage 397

Mortgage Buyers Sellers Agents 397

Housing Wire

MARCH 9, 2022

We believe that we can generate strong profits over time while continuing to grow our business at high rates.”. Fathom executives said they expect general and administrative expenses to continue to rise going forward due to “acquisitions and costs related to scaling and integrating the Company’s business lines.”

Inventory 370

Inventory Brokerage Realty Real Estate 370

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. posted on the wholesale side of the business, according to RMI. The retail channel volume decrease of 15.7%

Retail 427

Retail Mortgage Business Loan Officers 427

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. from the week prior.

Mortgage 441

Mortgage Contracts Inventory Lending 441

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage. higher than last year.

Mortgage 388

Mortgage Loan Officers Inventory Retail 388