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.”

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Mortgage Inventory Sellers Investors 456

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.

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Mortgage Government Advertising Buyers 421

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 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market. from the week prior.

Mortgage 381

Mortgage Loan Officers Investors Government 381

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 400

Real Estate Buyers Tools Real Estate Agent 400

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

Mortgage 449

Mortgage Retail Buyers Investors 449

Housing Wire

MARCH 29, 2023

When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications. And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed.

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Mortgage Real Estate Agent Buyers Loan Officers 404

Housing Wire

APRIL 20, 2023

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. For the first time in over a month, mortgage rates moved up due to shifting market expectations,” Sam Khater , Freddie Mac ’s chief economist, said in a statement. in the first week of April to 3.6%

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Mortgage Buyers Housing Market Inventory 401

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 391

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

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Mortgage Buyers Loan Officers Marketing 433

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 381

Mortgage Loan Officers Government Buyers 381

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

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Realtors Buyers Inventory Sellers 423

Housing Wire

JUNE 15, 2022

A panel of experts assembled at a recent Mortgage Bankers Association (MBA) conference in New York predicted that adjustable-rate mortgages (ARMs) will become far more popular this year as purchase mortgages increasingly dominate a housing market contending with fast-rising interest rates. Morgan among its investors.

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Mortgage Investors Buyers Marketing 376

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.

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Insurance Real Estate Sellers Housing Market 433

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory.

Real Estate 394

Real Estate Open Houses Brokerage Real Estate Agent 394

Housing Wire

NOVEMBER 17, 2022

Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading, Inc. Co-issue loan sales, also known as flow-based mortgage servicing rights sales, are three-way transactions involving the sale of loans to one of the agencies, with a simultaneous sale of the MSRs to a separate third party.

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Investors Clients Sellers Buyers 326

Housing Wire

FEBRUARY 23, 2023

The mortgage industry has been on a roller coaster ride this year due to a resilient economy. In the span of a month, mortgage rates shot up near 7% after dropping to the low 6%-levels. “The The 30-year fixed-rate mortgage rose again to 6.5% Our research shows that rate dispersion increases as mortgage rates trend up.

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Mortgage New Listings Housing Market Buyers 382

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Marketing Sellers Buyers Mortgage 393

Housing Wire

APRIL 5, 2021

And even with fast-rising home prices and an uptick in mortgage rates , 30% of those surveyed said they wouldn’t move to an area with natural disasters or rising sea levels even if home prices were affordable. A growing number of sophisticated investors are also betting that climate change will dramatically impact the housing market.

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Buyers Real Estate Agent Real Estate Brokerage 462

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.

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Mortgage Marketing Finance Lending 439

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. mortgage market. The Final Frontier of Digital Mortgage. appeared first on HousingWire.

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Mortgage Investors Technology Business 378

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages.

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Finance Investing Real Estate Agent Real Estate 421

Housing Wire

DECEMBER 1, 2021

Online real estate platform Clever has raised $8 million in a Series B funding round to expand its team and accelerate its mortgage efforts, the company said on Wednesday. The round was led by Cultivation Capital , along with a strategic investment from The Mortgage Collaborative (TMC) Emerging Technology Fund.

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Mortgage Real Estate Real Estate Agent Agents 402

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Marketing 78

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The housing affordability crisis has pushed potential buyers to the sidelines. A healthy historical market for first-time buyers should be closer to 40%.

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Buyers Realtors Inventory Sellers 471

Appraisal Buzz

APRIL 1, 2024

Faced with higher mortgage rates and rising home prices, homebuyers made larger down payments in February, with the median down payment rising to $55,640, up 24.1% But elevated housing costs – from both high prices and high mortgage rates – are also incentivizing buyers to take out larger down payments. Home prices increased 6.6%

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Real Estate Agent Investors Buyers Real Estate 195

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?”

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Agents Real Estate Contracts Real Estate Agent 394

Housing Wire

APRIL 29, 2022

Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%. FHA, VA and USDA aren’t accepted by sellers.

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

MARCH 11, 2024

“With a 10% increase in year-over-year total transactions — even in a down market — NotaryCam is poised to drive even more RON adoption across multiple verticals in 2024 while also continuing to champion mortgage lenders’ digital transformation efforts.” Last year saw NotaryCam execute transactions in 160 of 192 countries worldwide.

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Law Real Estate Sellers Investors 404

Housing Wire

FEBRUARY 13, 2024

It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. Central to Zillow’s Super App vision has been its growth pillars , which now include rentals in addition to touring, financing, seller solutions, enhancing its partner network and integrating its services.

Agents 384

Agents Sellers Buyers Law 384

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. To do that it relies on the two words sellers increasingly want to hear: “All cash.” Presented by: Finance of America.

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Lending Real Estate Agent Investors Finance 382

Housing Wire

MARCH 30, 2023

Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” Mortgage rates, directly correlated to the U.S. ” Surging rates ahead? .

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Inventory Housing Market Marketing Mortgage 519

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets.

Sellers 370

Sellers Buyers Investors Inspection 370

Housing Wire

APRIL 13, 2022

percentage points over the past three months, have thrown a wrench into the mortgage origination and private-label securitization markets. That is the market for mortgage servicing rights (MSRs). In the category of seller risks, the possibility exists that certain buyers could blow through their entire 2022 [MSR] acquisition budget.

Mortgage 381

Mortgage Marketing Sellers Buyers 381

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. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

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Inventory Housing Market New Listings Buyers 483

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 380

Mortgage Loan Officers Clients Housing Market 380