Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Housing Wire

NOVEMBER 19, 2020

mortgage rate for a 30-year fixed loan fell this week to 2.72%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. The average fixed rate for a 15-year mortgage also fell by 6 basis points to 2.28%. Low mortgage rates fuel the demand for valuation and settlement services.

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Mortgage Construction Valuation Buyers 546

Appraisal Buzz

OCTOBER 4, 2021

An appraisal falling below the contracted sale price may allow a buyer to renegotiate with a seller, but it could also mean families might miss out on the full wealth-building benefits of homeownership or may be unable to get the financing needed to achieve the American Dream in the first place. “Our

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Valuation Appraisal Contracts Finance 370

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.

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Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Valuation Housing Market Renovations 523

Housing Wire

AUGUST 23, 2023

Bad news for mortgage professionals: not only are mortgage rates at their highest level in over two decades, they might not drop anytime soon. On Wednesday morning, the 30-year fixed mortgage rate was 7.29% at HousingWire’s Mortgage Rates Center and 7.49% on Mortgage News Daily. But it would require the U.S.

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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.

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Appraisal Buzz

MAY 6, 2024

Stan Middleman, Chairman and CEO of Freedom Mortgage, spoke of some insurers writing policies without coverage for wind to limit liability and losses, in response to rising instances of storm damage. Areas more exposed to such risk are likely to see increased volatility in valuations.”

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Housing Wire

NOVEMBER 7, 2023

But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I I don’t think property taxes are killing deals,” said Tay Toliver, director of community advancement for Thrive Mortgage in Georgetown, Texas. They are more likely to be able to afford large tax bills and get mortgages,” he said.

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Housing Wire

NOVEMBER 3, 2023

The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae ’s MH Advantage and Freddie Mac ’s CHOICEHome programs. The updates apply to both the forward and reverse mortgage programs, according to the document.

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Housing Wire

MARCH 22, 2021

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. For the year, 45% expressed concern they wouldn’t make the rent or mortgage.

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Housing Wire

JANUARY 4, 2021

The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically low levels 16 times over the past 12 months. Low mortgage rates fuel the demand for valuation and settlement services. Presented by: VRM Mortgage Services. appeared first on HousingWire.

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Mortgage Housing Market Valuation Government 538

Housing Wire

NOVEMBER 8, 2022

Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. MCT aims to utilize Kennelly’s experience in the mortgage industry and capital markets to grow its Bid Auction Manager Marketplace, an open mortgage loan exchange platform launched in 2020.

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Housing Wire

SEPTEMBER 13, 2023

RTC Consulting has continued to see the same level of valuation work in the past 12 months as we saw in each of the proceeding years. While not all these valuations are for the purpose of a merger or acquisition, many are. In fact, the level of in-market combinations has not declined much at all.

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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.

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Housing Wire

AUGUST 24, 2022

Mortgage startup Tomo feels, however, that it has a solution. Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed. trillion purchase mortgage sector.

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Housing Wire

DECEMBER 27, 2023

One buyer commented: “We wired in full payment for a home that was supposed to close last week. As of Wednesday morning, the websites for DataTrace and ACI , a valuation technology subsidiary, remained offline. On Tuesday, mortgage subservicer and FNF subsidiary Loancare informed authorities that the data of about 1.3

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Sellers Insurance Valuation Clients 488

Housing Wire

MARCH 18, 2021

Mortgage rates have increased roughly 50 basis points in the first few months of 2021, in no small part due to fears that inflation will rear its ugly head as the economy rebounds. But the Federal Reserve is staying the course, maintaining the low-rate environment that gave rise to the best year for the mortgage industry in history.

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Housing Wire

FEBRUARY 22, 2024

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. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. So, what can be done to mitigate bias and inequality in the valuation process?

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Housing Wire

JULY 17, 2023

Following the announcement of the deal, trade groups and lawmakers addressed antitrust concerns stemming from ICE becoming the largest mortgage services company in America. ICE and Black Knight also amended their deal terms to reduce the valuation of Black Knight to $11.8

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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 376

Housing Wire

SEPTEMBER 28, 2023

FTC sued ICE earlier this year alleging the two top mortgage technology providers would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. In parallel, ICE plans to develop its own PPE to provide additional options to lenders and partners, ultimately lowering the cost for the consumer. “We

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Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

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Housing Wire

FEBRUARY 28, 2021

Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs.

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Real Estate Brokerage Valuation Clients 403

Housing Wire

MAY 17, 2022

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. “It has never been more difficult for first-time buyers to purchase a home,” said Court Cunningham, chief executive officer of Orchard.

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Buyers Investors Mortgage Valuation 365

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. With that aggregation, Optimal Blue said lenders can more efficiently price and originate mortgage products that can be sold on the secondary market.

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Mortgage Investors Technology Real Estate Agent 294

Inman

APRIL 21, 2023

Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process.

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Housing Wire

APRIL 15, 2024

The more educated they are, the more information they share with buyers and sellers, the better, and we are a business partner with them from that perspective. GM: We are all keenly aware of the data breaches that have impacted our industry, including the mortgage and title sides of the business. Our data sets continue to get richer.

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Real Estate Business Agents Tools 378

Housing Wire

JULY 10, 2023

The Federal Trade Commission (FTC) filed suit against ICE in March, alleging that the merger would give ICE and Black Knight a significant position in the market for loan origination software, which it could use to push customers to its other mortgage services and products instead of competitor offerings. Constellation Software Inc.

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Housing Wire

JANUARY 17, 2023

The mortgage servicing rights (MSR) market has opened 2023 with a healthy volume of capital committed to purchasing the assets along with multiple sellers primed for deals — as evidenced by the $60 billion to $65 billion in MSR portfolio offerings currently out for bid, market experts say. Basically, too much supply equals lower prices.”.

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Marketing Buyers Sellers Mortgage 413

Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. The United States is unique among OECD countries in not providing a clear path for buyers to represent themselves.

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Housing Wire

SEPTEMBER 12, 2023

Founded in 2017, the proptech purchases a home for a potential buyer and then rents it back to them for up to three years. Divvy’s last known funding occurred in August 2021 – a $200 million Series D funding led by Tiger Global Management and Caffeinated Capital , which nearly quadrupled its valuation to $2 billion valuation at the time.

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Realtor

SEPTEMBER 13, 2023

There might be some negotiating back and forth until all parties come to a compromise with a new valuation. “You might go back to the sellers and ask them to reduce the price or split the difference,” says Peter Grabel , managing director of Luxury Mortgage in Stamford, CT. “The reverse is so in a declining market.”

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Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

SEPTEMBER 20, 2023

Trading volume in the mortgage servicing rights (MSR) market this year is still on track to reach or slightly exceed 2022’s $1 trillion mark , with trading volume in the fourth quarter of this year projected to be robust as market players race to finish deals prior to year’s end. Piercy added. And that’s a headwind for the market.”

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Investors Mortgage Buyers Investing 351

Housing Wire

JULY 15, 2021

Online mortgage marketplace Morty announced the close of a $25 million Series B financing round, pushing the total company valuation to $150 million. Morty acts as both a marketplace model for users to shop and compare mortgages in one place, as well a broker of loan applications.

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