Housing Wire

MARCH 12, 2024

The housing priorities outlined by the White House and President Joe Biden last week before and during the State of the Union address are crucial for alleviating a serious burden facing many Americans, and the plan emphasizes actions that can be taken to impact the current housing market.

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Housing Wire

APRIL 23, 2024

“This rule strengthens standards by increasing elevations and flood proofing requirements of properties in areas at risk of flooding, where federal funds are used to develop or provide financing for new construction within the now defined FFRMS floodplain,” HUD explained. “It

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Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. What are the drivers of housing demand in 2022? 2022 Forecast series.

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Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. As the housing market changes, so does lending fraud.

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Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday.

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Wire

MAY 23, 2024

In the first quarter of 2024, 38% of a typical household’s income was needed to make a mortgage payment on a median-priced, new single-family home in the U.S. That’s according to the Cost of Housing Index (CHI) unveiled Thursday by the National Association of Home Builders (NAHB) and Wells Fargo.

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Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

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Housing Wire

SEPTEMBER 18, 2023

For the first time in five months, homebuilder sentiment levels dropped below the key break-even measure of 50, mostly reflecting the difficulties of persistent 7% mortgage rates. Meanwhile, builders are faced with shortages of construction workers, buildable lots and distribution transformers, she added.

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Housing Wire

AUGUST 16, 2023

Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Meanwhile, permits for future construction eked a 0.1% The increase in housing starts came after an unexpected slump last month and beat expectations. Census Bureau. That was up 3.9% from June and up 5.9%

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Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

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Housing Wire

MAY 31, 2023

With mortgage rates currently at 7.04%, many first-time homebuyers – typically millennials – will be forced to continue to rent. housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. But the U.S. What does this all mean for Californians?

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Housing Wire

APRIL 7, 2023

Signs of a slowdown in the labor market have emerged, sparking hope that the Federal Reserve may stop its ongoing tightening monetary policy, which has spurred increasing mortgage rates. The slowdown in the labor market has been very gradual, according to them. . Heavy and civil engineering construction created 7,100 jobs.

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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

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Housing Wire

APRIL 23, 2024

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. In 2022, I brought up the premise that the Fed will not pivot until the labor market breaks,” he said. “So,

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Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. that use trended credit bureau data.

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Housing Wire

FEBRUARY 15, 2024

housing market for multiple reasons, Redfin said. Older Americans also have financial incentives attached to staying in their homes, since 54% of the baby boomer cohort own their homes free and clear without making monthly mortgage payments. Some young families are turning to new construction, and others are renting homes.”

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Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. The need for change in current mortgage underwriting guidelines.

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Housing Wire

JULY 7, 2023

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. From the St. percent, the U.S.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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Housing Wire

OCTOBER 12, 2023

Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. What is happening in the housing market ? Both home prices and mortgage rates continue to rise. Overall, shelter costs were up 7.2%

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Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

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Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. Moreover, when it comes to housing Congress talks a good game, but more often takes a hike in the wrong direction. The Community Home Lenders of America (CHLA) applauds these initiatives.

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Housing Wire

MAY 10, 2023

Indexes that contributed to the annual increase were food (+7.7%), motor vehicle insurance (+15.5%), household furnishings and operations (+5.3%), recreation (+5.0%), and new vehicles (+5.4%). Major contributors to this increase included used cards and trucks (4.4%), motor vehicle insurance (1.4%), and energy (+0.6%, thanks to a +3.0%

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Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. In recent congressional testimony , Mortgage Bankers Association (MBA) chief economist Mike Fratantoni pointed out that the housing market is now extremely supply challenged.

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Housing Wire

DECEMBER 2, 2020

FHA’s mission is to support low-to-moderate income borrowers, so why does the law permit FHA to insure mortgages up to $822,375? This is a question for Congress and the taxpayers who stand behind FHA to answer,” said assistant secretary for housing and federal housing commissioner Dana Wade.

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Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

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Housing Wire

NOVEMBER 6, 2020

Government employment, however, fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the conclusion of the decennial U.S. But despite residential construction employment climbing back to only 0.8%

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Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. housing market during a shortage of housing supply and an insufficient stock of move-in ready homes. Last month, New Residential Investment Corp.,

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Appraisal Buzz

SEPTEMBER 26, 2022

Entering the housing market today is challenging for many homeowners. Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. million migrant workers in construction. million migrant workers in construction.

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Housing Wire

OCTOBER 29, 2021

This week’s HW+ spotlight features Mark Jones, co-founder and CEO at Amerifirst Home Mortgage. Jones was also recently installed as vice chairman of the Mortgage Bankers Association for the 2022 membership year. Our company has been through six major market cycles now, and that remains true to this day.

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Housing Wire

MARCH 19, 2021

Those investments include the sale of SunStreet solar and stakes in insurtech firms Hippo Home Insurance and Doma (formerly known as States Title ). The LENx investments will remain in place along with the core homebuilding business, which has strong fundamentals given the ferocity of the housing market, executives said.

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Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low. From February 2011 to April 2022, mortgage rates never rose above 5%, making the cost to borrow money and buy a home very cheap. million homes.

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Housing Wire

SEPTEMBER 13, 2023

Indexes that increased in August include rent, owners’ equivalent rent, motor vehicle insurance, medical care, and personal care. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. Core inflation, which excludes food and energy, rose 4.3% The rent index was up 7.2%

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2%

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