Housing Wire

APRIL 17, 2023

As existing home inventory continues to fall, builder confidence is on the rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing.

Inventory 357

Inventory Loan Conditions Buyers Housing Market 357

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

Loan Officers 384

Loan Officers Mortgage Inventory Clients 384

Housing Wire

AUGUST 28, 2023

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment.

Mortgage 339

Mortgage Retail Loan Officers Construction 339

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. All about the rates. Push for tech.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

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Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

MAY 14, 2024

Department of Housing and Urban Development (HUD) exists to facilitate the needs that Americans have for housing — needs that are challenged by affordability, inventory, mortgage rates and more — recent policies of the Biden administration have hindered affordability by focusing on climate-related housing issues instead of costs.

Construction 315

Construction Design Government Inventory 315

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 437

Mortgage Inventory Housing Market Construction 437

Housing Wire

JANUARY 28, 2021

The average mortgage rate for a 30-year fixed loan fell four basis points last week to 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. This is the second week mortgage rates have ticked downwards since Jan. The 15-year fixed mortgage rate also shifted downward to 2.2 Presented by: Acra Lending.

Mortgage 414

Mortgage Lending Construction Inventory 414

Housing Wire

JULY 19, 2023

single-family homebuilding fell in June, but permits for future construction rose to a 12-month high on the weakness of the existing home sales market. The number of single-family homes under construction remains high. Meanwhile, a record number of multifamily units are under construction even if the pace is slowing.

Construction 298

Construction Inventory Lending Development 298

Housing Wire

SEPTEMBER 29, 2023

Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching. “I Really struggling.

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Loan Officers Mortgage Buyers Finance 401

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Here’s my forecast for 2024: 10-year yield and mortgage rates For 2024, the 10-year yield range will be similar to 2023, but with a few different variables to watch. Instead, they closed 2023 at 6.67%.

Housing Market 521

Housing Market Marketing New Listings Construction 521

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. The silver lining, however, is that builders have picked up their pace of construction.

Insurance 302

Insurance Inventory Mortgage Lending 302

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. “And

Investors 424

Investors Marketing Inventory Real Estate 424

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. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 373

Mortgage Loan Officers Inventory Retail 373

Housing Wire

MARCH 17, 2021

High building material costs and low inventory , dueling problems that continue to plague homebuilders into the second quarter of 2021. “Shortages of lumber and other building materials, including appliances, are putting future construction expansion at risk.” Of course, rising mortgage rates have hurt too.

Construction 464

Construction Inventory Lending Mortgage 464

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. Surveyed lending executives had a pessimistic outlook toward the economy.

Lending 332

Lending Technology Business Construction 332

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher.

Inventory 542

Inventory Construction Government Housing Market 542

Housing Wire

MAY 5, 2022

Mortgage rates are increasing and demand is beginning to level out. Now, these younger buyers are driving financial institutions to adapt to their expectations for more streamlined user experiences , accelerating digital transformations with new technology that will move the mortgage industry into a truly digital age. . A look forward.

Mortgage 345

Mortgage Buyers Technology Lending 345

Housing Wire

JUNE 7, 2021

Because that period followed a housing boom and bust when inventory was overbuilt. We first had to whittle down the excess inventory and get our financial house in order (i.e., make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. Here is why.

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Housing Market Marketing Inventory Construction 545

Housing Wire

APRIL 24, 2023

In addition to the lower mortgage rate forecast issued after the March banking turmoil, Fannie Mae’s Economic and Strategic Research (ESR) Group has upgraded its existing home sales outlook for the remainder of the year. “The Homebuilders continue to show a willingness to offer rate buy-downs and other incentives to move their inventories.

Construction 348

Construction Inventory Lending Mortgage 348

Housing Wire

JULY 2, 2021

The gains were so great that some housing industry economists believe construction job gains could relieve housing market supply constraints. could return to the pre-COVID employment peak by February 2022 – the same year some economists predict the housing market could regain its inventory footing. Presented by: Equifax.

Housing Market 493

Housing Market Marketing Construction Inventory 493

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 447

Marketing Mortgage Supply Chain Inventory 447

Housing Wire

JULY 27, 2023

Mortgage rates are expected to remain elevated until inflation moves to a level more consistent with the Fed’s mandate. High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. Year-over-year, sales dipped 18.90% from 5.13

Construction 348

Construction Tenants Mortgage Finance 348

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Housing costs, particularly at the bottom of the market, have skyrocketed with a limited supply of housing and a severe shortage of construction workers. of GDP in 2020.

Insurance 364

Insurance Construction Government Lending 364

Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Construction 362

Construction Development Finance Mortgage 362

Housing Wire

MARCH 26, 2021

This is concerning for experts, though, many of whom believe home prices will remain high even after mortgage rates , inventory, and building material costs recover to pre-pandemic levels. Increasing Lending and Servicing Capacity – Regardless of Rates.

Inventory 545

Inventory Contracts Construction Lending 545

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Renovations 373

Renovations Realtors Construction Mortgage 373

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Housing inventory.

Housing Market 544

Housing Market Marketing Inventory Sellers 544

Housing Wire

NOVEMBER 30, 2021

“There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 trillion in 2022, according to the Mortgage Bankers Association – non-QM will be part of that, of course.

Supply Chain 309

Supply Chain Lending Investors Renovations 309

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. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

Housing Market 373

Housing Market Marketing Construction Insurance 373

Housing Wire

FEBRUARY 5, 2021

Non-QM lending is poised for growth in 2021. HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. Presented by: Angel Oak.

Construction 310

Construction Lending Retail Inventory 310

Housing Wire

DECEMBER 31, 2021

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

Marketing 413

Marketing Law Government Mortgage 413

Appraisal Buzz

SEPTEMBER 26, 2022

There’s currently an inventory shortage, which is leading to more competition and increased prices. 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.

Construction 195

Construction Supply Chain Buyers Retail 195

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%

Insurance 311

Insurance Mortgage Clients Lending 311

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. By Mark Buhler.

Construction 52

Construction Appraisal Modernization Contracts 52

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing Government Mortgage Sellers 404

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. The first quarter of 2023 saw substantial mortgage rate fluctuations, with the 30-year FRM ranging from a low of 6.09% to a high of 6.73%.

Real Estate 73

Real Estate Construction Appraisal Inventory 73