Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8% in the same period. .”

Buyers 381

Buyers Mortgage Marketing Inventory 381

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

Mortgage 531

Mortgage Inventory New Listings Sellers 531

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

Buyers 450

Buyers Mortgage Loan Officers Retail 450

Housing Wire

AUGUST 13, 2023

Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly active inventory grew slowly again and purchase apps were down week to week again.

Mortgage 370

Mortgage Inventory New Listings Retail 370

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 405

Loan Officers Retail Finance Buyers 405

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 393

Mortgage Loan Officers New Listings Government 393

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 390

Mortgage Retail Loan Officers Brokerage 390

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. Last week, the U.S. of total applications last week from 6.5%

Mortgage 382

Mortgage Inventory Retail Housing Market 382

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac ’s chief economist in a statement. By contrast, the 30-year was at 5.54% a year ago at this time. “As

Mortgage 356

Mortgage Construction Inventory Investors 356

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Purchase mortgage rates, after hitting a 13-year high of 5.27% in May, fell for three consecutive weeks, according to the Freddie Mac PMMS. of total applications.

Mortgage 393

Mortgage Inventory Contracts Retail 393

Housing Wire

MAY 10, 2023

The expectation that the Federal Reserve might be done with hiking rates spurred the mortgage market last week. The MBA data shows that mortgage applications increased 6.3% retail residential mortgage applications. Borrowers’ demand followed a decrease in mortgage rates. bps to 5% to 5.25%. the prior week.

Mortgage 381

Mortgage Retail Inventory Buyers 381

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

Mortgage 423

Mortgage Contracts Retail Inventory 423

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. We just see a lot of growth opportunities here in terms of building our branch and building our team,” Lotsoff said in an interview with HousingWire.

Loan Officers 382

Loan Officers Mortgage Lending Retail 382

Housing Wire

APRIL 12, 2023

Mortgage rates tumbled downward by nearly 1% last week on the heels of a lackluster jobs report, which helped to spur renewed interest in mortgage loans by potential homebuyers. Overall, mortgage applications increased last week by 5.3% retail residential mortgage applications. from 12% the week prior.

Mortgage 378

Mortgage Retail Housing Market Contracts 378

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers 393

Loan Officers Agents Retail Technology 393

Housing Wire

NOVEMBER 10, 2023

Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I I think we were up right around 15% increase in the number of initial mortgage applications. What’s going on with mortgage rates?

Mortgage 424

Mortgage Inventory Marketing Retail 424

Housing Wire

MAY 17, 2023

Borrowers’ demand for home loans slowed down last week as mortgage rates increased to their highest level in two months. ” In the mortgage market, the latest Mortgage Bankers Association (MBA) data published on Wednesday morning showed that loan applications decreased by 5.7% retail residential mortgage applications.

Mortgage 369

Mortgage Retail Government Inventory 369

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 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

MAY 4, 2022

Individuals across the country chasing the American dream of homeownership helped to push mortgage-application volume up by 2.5% The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) jumped to 4.92 for the week ending April 29, compared with the prior week. from 10.6%

Mortgage 370

Mortgage Contracts Retail Inventory 370

Housing Wire

AUGUST 31, 2022

Demand for mortgage loans declined last week when mortgage rates surged due to Federal Reserve Chairman Jerome Powell ’s speech indicating that combating persistent inflation will cause some pain now. . The market composite index, a measure of mortgage loan application volume, fell 3.7% The post Mortgage apps decline 3.7%

Mortgage 370

Mortgage Retail Contracts Inventory 370

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 450

Marketing Mortgage Supply Chain Inventory 450

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. How will the announcement impact mortgage rates? Retail sales also came in a bit lighter than expected: HW+ Member: Are you implying that the builder survey and retail could influence the Fed to come off the 75 bps guidance?

Inventory 369

Inventory Investors Retail Housing Market 369

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. The outside distributor retail is a hedge against the call center in the different environments. Because there are retail LOs building that in-person relationship with their real estate agents and financial advisors.

Retail 358

Retail Business Agents Loan Officers 358

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. This assumes the spreads are wide as the mortgage-back securities market is still very stressed.

Housing Market 382

Housing Market Marketing Inventory New Listings 382

Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. from June 2021, when 297,600 workers were employed at mortgage banking firms. higher than its pre-pandemic level.

Construction 449

Construction Renovations Transportation Real Estate 449

Housing Wire

JUNE 15, 2023

The 30-year fixed-rate mortgage rates don’t move in tandem with the Fed’s benchmark rate, but instead generally track with the yield on 10-year Treasury bonds. Where mortgage rates will go will depend on how the markets react to new economic data, Melissa Cohn, regional vice president of Wlliam Raveis , said.

Mortgage 378

Mortgage Inventory Retail Housing Market 378

Housing Wire

NOVEMBER 23, 2020

The company said data from its platform and other industry sources shows a growing backlog of mortgages that are in foreclosure or delinquent but not in a mortgage forbearance program. Where available, this feature allows buyers to participate in real time at the auction from just about anywhere.”. year high in September.

Buyers 529

Buyers Real Estate Investors Retail 529

Housing Wire

JULY 20, 2023

The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. New builds are a bright spot in a bleak housing market as buyers seek new builds due to the lack of resale inventory.

Loan Officers 279

Loan Officers Brokerage Real Estate Lending 279

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 368

Renovations Buyers Development Insurance 368

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? See the inventory bumps as we head into the first quarter?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years.

Housing Market 365

Housing Market Marketing Supply Chain Inventory 365

Housing Wire

MARCH 10, 2023

California-based lender Guild Mortgage posted a higher profit in 2022 thanks to its increased purchase mortgage market share — and now has its eyes set on acquiring other lenders. In December, Guild acquired Wisconsin-based lender Inlanta Mortgage and added New Mexico-headquartered Legacy Mortgage in February.

Business 369

Business Mortgage Loan Officers Retail 369

Housing Wire

APRIL 29, 2022

With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Like elsewhere in the country, Rochester is experiencing a record low level of inventory combined with a heightened demand for housing. Rochester, New York. Columbus, Ohio.

Housing Market 376

Housing Market Marketing Agents Real Estate 376

Housing Wire

DECEMBER 30, 2022

The first is the overall business transformation that’s taking place in the mortgage industry. Home prices have never been higher, pent-up demand stronger and housing inventory tighter. These conditions are challenging for even the average homebuyer, let alone low-income and minority buyers. Because I am.

Lending 374

Lending Transportation Government Mortgage 374

Realtor

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. ” And did we mention that economists expect mortgage rates to rise? Experts say p otential buyers should make pre-approval their first step.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 403

Business Loan Officers Clients Inventory 403