Housing Wire

SEPTEMBER 11, 2020

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% The data comes from about 95 lenders and investors, MBA said. 20 forecast.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 395

Mortgage Marketing Investors Lending 395

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. “Investors are weighing the impacts of rapidly increasing inflation in the U.S. of total applications.

Supply Chain 383

Supply Chain Mortgage Contracts Government 383

Housing Wire

MARCH 9, 2022

Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand for mortgages increased across the board. mortgage points. from 10.2%

Mortgage 370

Mortgage Investors Retail Contracts 370

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 383

Mortgage Loan Officers Government Buyers 383

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. “Investors remained attuned to the uncertainty around the U.S.

Mortgage 383

Mortgage Inventory Retail Housing Market 383

Housing Wire

MARCH 2, 2022

It’s official: the mortgage industry has entered a purchase era , with refinance applications declining below 50% of the mix for the first time since June 2019, the Mortgage Bankers Association (MBA) reported on Wednesday. Mortgage applications decreased 0.7% 25, as mortgage rates reached 4.15%. for the week ending Feb.

Mortgage 370

Mortgage Retail Contracts Government 370

Housing Wire

OCTOBER 12, 2023

1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision. Both home prices and mortgage rates continue to rise. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. In comparison, the CPI rose 0.6%

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Government Housing Market Contracts Insurance 392

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 427

Contracts Investors Investing Market Value 427

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We’re not huge, but we’re not small either.”.

Mortgage 446

Mortgage Technology Investing Investors 446

Housing Wire

NOVEMBER 17, 2021

Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. Overall, the Market Composite Index, a measure of the mortgage loan application volume, decreased 2.8% Refi represented 62.9% the previous week.

Investors 417

Investors Contracts Government Real Estate 417

Housing Wire

OCTOBER 6, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. The government is trying to choke this off.”. All about the spread.

Mortgage 370

Mortgage Marketing Loan Officers Retail 370

Housing Wire

JANUARY 5, 2023

residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. .

Marketing 444

Marketing Investors Mortgage Contracts 444

Housing Wire

MAY 13, 2022

Today we are seeing a more governed and purpose-oriented approach to networks of blockchains. Today, established actors in settlement services are collaborating on the same ledger with the same form of smart contract to eliminate transaction overheads. Mortgage Industry and Blockchain: Early but Important Days.

Contracts 349

Contracts Technology Architecture Government 349

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 406

Marketing Investors Government Investing 406

Housing Wire

AUGUST 17, 2022

The bank, which operates a mortgage-lending unit, along with its holding company, Eagle Bancorp Inc., The [Federal Reserve] Board also cited EagleBank for third-party risk-management deficiencies over the same period that resulted in inadequate oversight of contracts between the bank and a local government official.”.

Lending 374

Lending Government Investors Law 374

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Outright sales of 2% and 2.5%

Marketing 382

Marketing Investing Mortgage Investors 382

Housing Wire

AUGUST 7, 2023

The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money. Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability.

Real Estate 368

Real Estate Supply Chain Architecture Brokerage 368

Housing Wire

JUNE 9, 2022

That bolt-like spike in rates put many mortgage lenders into crisis mode. Still, a good portion of the lower-rate mortgage paper has worked its way through the system and is being replaced by higher-rate mortgage loans. Interest rates jumped by more than 2 percentage points over the first quarter of 2021.

Marketing 382

Marketing Contracts Technology Mortgage 382

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. “They’ve had a manageable budget due to mortgage forbearance. .

Mortgage 384

Mortgage Government Contracts Insurance 384

Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022. So, I think that is where not going to the cash window should be better for innovation.”.

Mortgage 368

Mortgage Investors Finance Contracts 368

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. billion, compared to $49.69

Loan Officers 459

Loan Officers Supply Chain Mortgage Marketing 459

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Mortgage rates weren’t wildly different in ’09 compared to today. That process can take time. “If

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Hank Miller Team

OCTOBER 6, 2022

We examine list price, contract price and sold price. for contracted homes -3.4 for contracted homes +13.3 for contracted homes +32.8 This was the heart of the pandemic – also when the government handed out trillions and artificially held down mortgage rates. for contracted homes +46.7

Supply Chain 52

Supply Chain Contracts Housing Market Inventory 52

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Department of Agriculture (USDA).

Mortgage 383

Mortgage Construction Lending Real Estate 383

Housing Wire

JANUARY 17, 2024

Fannie Mae and Freddie Mac are in the spotlight again over the role some housing-industry experts say they could play in reducing mortgage rates if they resumed a more active investor role in the mortgage-backed securities (MBS) market. How likely that is, though, I don’t even know how to handicap.”

Marketing 413

Marketing Investors Mortgage Finance 413

Housing Wire

APRIL 19, 2021

The most surprising truth here is that the mortgage industry, awash with profits from the past year or so, has turned an almost blind eye toward these steps. In fact, he works for an FHFA director who controls everything from executive hiring decisions, public communications and mortgage policy. But where is the private sector?

Mortgage 515

Mortgage Government Investors Marketing 515

Eppraisal

JULY 21, 2023

Rent-to-own contracts involve intricate legal and financial considerations, which can vary significantly from one region to another. Various government-backed loan programs and private lenders now offer flexible mortgage options with lower down payment requirements, making it easier for buyers to enter the market.

Real Estate 36

Real Estate Sellers Investors Finance 36

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There Land Loan A land loan differs from a home mortgage in that the collateral does not include any structure.

Development 36

Development Finance Sellers Home Value 36

McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services.

Appraisal 74

Appraisal Training Lending Land Management 74

Housing Wire

JANUARY 11, 2024

” Rich Weidel, Princeton Mortgage CEO : “I’m in some owners working groups, and somebody will bring up a tech and either they’re having great success and we’re struggling with it, or we’re having great success and they’re struggling with it. And there are some states or even some geographies within states that still mandate that.

Technology 439

Technology Contracts Business Appraisal 439

Housing Wire

MAY 31, 2023

Higher mortgage rates caused by the debt ceiling drama and resilient inflation reduced demand for home loans last week, affecting the already depressed refinancings in particular, according to the latest Mortgage Bankers Association (MBA) data. retail residential mortgage applications. last week from 12.5%

Mortgage 370

Mortgage Retail Contracts Government 370

Appraisal Today

AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae.

Appraisal 52

Appraisal Business Contracts Advertising 52

Hank Miller Team

MAY 3, 2022

One thing that's not debated, the mortgage rate increases (with more promised) have been an ice bucket challenge to the market. Does it matter though if we go from 6 days to 9 days for homes to go under contract? Are investors clouding the data? Are homes staying on the market a bit longer?

Real Estate 52

Real Estate Marketing Buyers Inventory 52

Housing Wire

JUNE 23, 2022

The Federal Housing Finance Agency (FHFA) today reiterated its stance on a new fee on some government-backed enterprise securities. Thompson also said FHFA would continue to monitor the markets for uniform mortgage-backed securities and agency-backed securities to make sure they “function as intended.”

Investors 294

Investors Finance Contracts Government 294

Housing Wire

APRIL 22, 2022

The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. The mortgage industry, really the entire economy, is coping with fast-rising inflation further aggravated by jammed-up supply chains, the escalating war in Ukraine, and the related, expanding sanctions that are whipsawing the global economy.

Lending 395

Lending Mortgage Investors Marketing 395

Quicken Loans

APRIL 12, 2021

Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. The lender is allowed to take back the home because a mortgage is a secured loan.

Inspection 54

Inspection Property Taxes Mortgage Investors 54