Housing Wire

SEPTEMBER 28, 2023

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time. These headwinds are causing both buyers and sellers to hold out for better circumstances.”

Mortgage 455

Mortgage Inventory Sellers Investors 455

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 431

Investors Housing Market Finance Construction 431

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 368

Finance Marketing Renovations Investors 368

Housing Wire

NOVEMBER 7, 2023

The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market. The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending.

Mortgage 437

Mortgage Marketing Finance Lending 437

Housing Wire

SEPTEMBER 13, 2023

New York-based mortgage platform Roam has secured a $1.25 Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Tech executive and investor Keith Rabois at venture capital firm Founders Fund led the capital injection. The platform advertises sellers listing to qualified buyers.

Mortgage 419

Mortgage Government Advertising Buyers 419

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 377

Mortgage Marketing Investors Lending 377

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. In those cities, the typical buyer put down 25% of the purchase price.

Mortgage 432

Mortgage Buyers Insurance Government 432

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot.

Loan Officers 409

Loan Officers Mortgage Buyers Inventory 409

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage 438

Mortgage Inventory Housing Market Realtors 438

Housing Wire

DECEMBER 15, 2023

Real estate tech firm Prevu announced a Series A financing round Thursday of $6 million. Launched in New York City in 2017, Prevu offers buyers up to 2% cash back of the purchase price thanks to its commission rebate. In October 2022, Prev u acquired mortgage technology assets from shuttered real estate startup Reali.

Real Estate 370

Real Estate Finance Technology Buyers 370

Housing Wire

AUGUST 23, 2023

Mortgage applications fell for the fifth consecutive week as the 30-year fixed-rate mortgage rose to 7.31%, its highest level since December 2000. For the week that ended August 18, mortgage applications fell 4.2% from the prior week , according to data from the Mortgage Bankers Association. bond yields spike last week.

Mortgage 356

Mortgage Contracts Government Buyers 356

Housing Wire

JULY 22, 2022

Guaranteed Rate is looking to diversify its product mix amid the mortgage downturn. The mortgage lender has rolled out its first personal loan product. ” The personal loans could also be a good source of leads for mortgages down the road. The post Guaranteed Rate moves beyond mortgage appeared first on HousingWire.

Mortgage 389

Mortgage Lending Finance Retail 389

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 354

Mortgage Property Taxes Housing Market Buyers 354

Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.09% as of August 17, up from last week’s 6.96%. Other indices showed even higher mortgage rates.

Mortgage 363

Mortgage Supply Chain Government Buyers 363

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We’re not huge, but we’re not small either.”.

Mortgage 441

Mortgage Technology Investing Investors 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 428

Mortgage Marketing Housing Market Buyers 428

Housing Wire

JUNE 21, 2022

The stock market has not been kind to mortgage lenders – some are now trading in the $1-a-share range. In a one-week period between June 10 and June 17, 11 publicly traded mortgage companies lost a collective $6.14 As investors fled the space, their valuations declined 17.4% billion in market capitalization.

Mortgage 393

Mortgage Valuation Investors Finance 393

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. Mortgage applications decreased 13.2% That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy.

Mortgage 523

Mortgage Loan Officers Insurance Investors 523

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. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 36.3%

Housing Market 407

Housing Market Mortgage Marketing Inventory 407

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

Mortgage 414

Mortgage Valuation Investors Housing Market 414

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial. In 2022, AmeriFirst closed $2.5

Loan Officers 360

Loan Officers Mortgage Real Estate Agent Business 360

Housing Wire

OCTOBER 26, 2021

Seven months after a $16 million Series B round, digital mortgage platform Maxwell has raised $52.5 Existing investors TTV Capital , Prudence , and Rotor Capita l participated in the round, as well as Wells Fargo Strategic Capital. A source told Bloomberg that the latest financing – split between $28.5 mortgage market.

Mortgage 375

Mortgage Investors Technology Business 375

Housing Wire

JANUARY 8, 2024

To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. Granted, mortgage rates aren’t at their pandemic lows, but historically they are in line with what homeowners have typically paid. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier.

Lending 380

Lending Development Investors Finance 380

Housing Wire

MARCH 4, 2022

Last week, mortgage investment firm Ellington Financial (NYSE: EFC) announced that it had reached a deal to acquire leading reverse mortgage lender Longbridge Financial, in a deal valued at roughly $75 million for a 49.6% Reverse mortgage analysts: full impact remains to be seen, but the deal looks good.

Buyers 330

Buyers Investors Investing Mortgage 330

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. Today, the average is 2.7

Realtors 423

Realtors Buyers Inventory Sellers 423

Housing Wire

JULY 28, 2021

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. That led to the 30-year fixed mortgage rate declining to its lowest level since February of this year, according to the latest report from the Mortgage Bankers Association. from 64.9% the previous week.

Mortgage 382

Mortgage Contracts Finance Investors 382

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. the fintech company said.

Mortgage 352

Mortgage Advertising Lending Brokerage 352

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

Technology 377

Technology Mortgage Tools Insurance 377

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

MAY 11, 2022

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. ” But how does an all-cash offer benefit a mortgage lender? Presented by: Finance of America.

Lending 381

Lending Real Estate Agent Investors Finance 381

Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days.

Mortgage 382

Mortgage Supply Chain Inventory Investors 382

Housing Wire

MAY 14, 2024

“In the first quarter, we saw normal seasonality in purchase opened orders with sequential improvement coming off the fourth quarter,” Fidelity CEO Mike Nolan told investors and analysts during the firm’s Q1 2024 earnings call on Thursday. “In Refis are holding steady at roughly 1,000 per day at the current floor.

Insurance 385

Insurance Real Estate Sellers Housing Market 385

Appraisal Buzz

APRIL 30, 2024

In today’s mortgage landscape, mortgage loan originators (MLOs) must find their way to success through an increasingly complex and difficult market. Having a strong product base can help buyers access more homes and can establish an MLO as a trusted advisor in more complex home buying processes.

Marketing 195

Marketing Real Estate Agent Renovations Buyers 195

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. United Wholesale Mortgage (UWM) launched the product in August. A year ago at this time, rates averaged 3.14%. Searching for new options.

Mortgage 378

Mortgage Loan Officers Clients Housing Market 378

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. All four U.S.

Inventory 483

Inventory Housing Market New Listings Buyers 483

Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?”

Agents 385

Agents Real Estate Contracts Real Estate Agent 385

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The problem is, a mortgage credit reject (MCR) is kind of like your scarlet letter, to be completely honest,” Gastelum said. That changed on September 11.

Loan Officers 385

Loan Officers Mortgage Finance Clients 385