Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

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Mortgage Marketing Retail Construction 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. . RMBS at DBRS Morningstar said in a report.

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Housing Wire

MAY 25, 2023

The housing market looks different than it does during a typical spring, when the market is usually in full gear,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

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Inventory Housing Market Contracts Government 384

Housing Wire

JANUARY 13, 2021

“Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said. decrease from last week. .

Mortgage 504

Mortgage Contracts Government Buyers 504

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. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

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Mortgage Marketing Investors Lending 409

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 trillion agency MBS portfolio? The Feds existing $2.7

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Marketing Investors Government Investing 410

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices. I think it is important that we stay a step ahead of this,” Olson said. “We

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Housing Wire

JUNE 9, 2022

That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market. So, when rates are rising, and the market is compressing, non-QM becomes a more vogue product,” Yoon added. Non-QM is a counter cyclical product.

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Marketing Contracts Technology Mortgage 384

Housing Wire

OCTOBER 12, 2023

What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. “Overall, shelter costs were up 7.2% year over year in September,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Rents of primary residences were up 7.4%.”

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Government Housing Market Contracts Insurance 409

Housing Wire

APRIL 21, 2021

. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. The spring housing market also saw a boost from lower rates, with purchase applications — driven by a jump in conventional applications — increasing over 5%.”

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Mortgage Contracts Government Housing Market 466

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. trillion and to nearly $9.3

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Marketing Investing Mortgage Investors 384

Housing Wire

OCTOBER 28, 2020

However, the government refinance index decreased for the first time in a month, driven by a slowdown in VA refinance activity,” Kan said. These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories. from 66.1% the week prior. from the week prior.

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Mortgage Contracts Government Inventory 517

Housing Wire

MAY 5, 2021

MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan called last week’s mortgage activity “a mixed bag,” between rates , loan sizes, and government purchase applications. Both conventional and government purchase applications declined, but average loan sizes increased for each loan type.

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Mortgage Contracts Government Inventory 421

Housing Wire

OCTOBER 6, 2022

The Mortgage Bankers Association (MBA), however, measured the average contract for conforming at 6.75% this week, compared to 6.52% the previous week. The government is trying to choke this off.”. With the stock market down, people don’t want to lock in their losses by selling off their investments to buy a house in cash,” the LO said.

Mortgage 370

Mortgage Marketing Loan Officers Retail 370

Housing Wire

MAY 3, 2022

The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. Point’s HEI contracts — which have 10- or 30-year maturities, the latter the standard since early 2020 — address many variables in a complicated, nuanced housing market.

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Contracts Investors Investing Market Value 432

Housing Wire

AUGUST 19, 2020

Conventional purchase applications drove last week’s increase, while applications for government loans decreased,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.13% from 3.06%. the week prior. The post Mortgage applications fall 3.3%

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Mortgage Contracts Government Housing Market 542

Housing Wire

OCTOBER 14, 2020

. “Applications for government mortgages offset some of the overall decline by increasing 3%, driven by a solid gain in government purchase applications and an 11% jump in VA refinance applications,” said Joel Kan, MBA’s vice president of economic and industry forecasting. The USDA share of total applications rose to 0.6%

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Mortgage Contracts Government Buyers 441

Housing Wire

JUNE 23, 2021

“Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”. the previous week.

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Mortgage Contracts Construction Government 429

Housing Wire

NOVEMBER 25, 2020

Joel Kan, MBA’s associate vice president of industry and economic forecasting, noted volatility in the weekly mortgage rates due to markets responding to “fiscal policy uncertainty” and a resurgence in COVID-19 cases around the country. Furthermore, purchase activity has surpassed year-ago levels for over six months.”.

Mortgage 450

Mortgage Contracts Government Marketing 450

Housing Wire

SEPTEMBER 11, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president.

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Mortgage Government Contracts Lending 545

Housing Wire

AUGUST 30, 2023

spike in conventional refinances drove up the whole market last week, but the refinance market remains slow, said Kan. Government refinance applications dropped more than 10% last week. The average contract interest rate for 5/1 ARMs fell to 6.48% from 6.50% a week prior. Also noteworthy, a 7.9% the previous week.

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Mortgage Contracts Government Inventory 397

Housing Wire

MARCH 10, 2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. But experts aren’t concerned.

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Mortgage Contracts Government Inventory 421

Housing Wire

NOVEMBER 4, 2020

According to Joel Kan , MBA’s associate vice president of economic and industry forecasting, borrowers made a grab for both conventional and government refi’s. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.01% from 3%. from 11.7%. from the week prior.

Mortgage 508

Mortgage Contracts Government Marketing 508

Housing Wire

JUNE 9, 2021

Demand is still strong overall, especially in certain markets in the South and West. “Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 percent,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. of total mortgage applications from 61.3%

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Mortgage Contracts Government Buyers 450

Housing Wire

APRIL 26, 2023

The Market Composite Index, a measure of application volume, increased 3.7% Borrowers’ demand increased for conventional and government loans, up 4.50% and 1.20% from one week earlier, respectively. Both conventional and government home purchase applications increased last week. retail residential mortgage applications.

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Mortgage Loan Officers New Listings Government 397

Housing Wire

DECEMBER 16, 2020

“This is perhaps a sign that more first-time buyers are entering the market,” Kan said. He added that purchase applications rose for the sixth straight week to the highest levels since June. The unadjusted purchase index also increased, jumping 0.4% from the previous week.

Mortgage 485

Mortgage Contracts Government Buyers 485

Housing Wire

OCTOBER 21, 2020

Joel Kan, MBA’s vice president of economic and industry forecasting, pointed to a rise in mortgage rates last week for why conventional and government purchase activity took a step back. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.02% from 3%.

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Mortgage Contracts Housing Market Government 458

Housing Wire

FEBRUARY 17, 2021

On an unadjusted basis, the Market Composite Index decreased 4% compared with the previous week. The housing market in early 2021 continues to be constrained by low inventory and higher prices. The average contract interest rate for 5/1 ARMs decreased to 2.83% from 2.92%.

Mortgage 441

Mortgage Contracts Government Inventory 441

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. He added that mortgage rates have moved higher in tandem with Treasury yields. .

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Mortgage Contracts Inventory Buyers 479

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. and government loans were up 13% last week, according to the MBA estimates. ” Who is jumping into the market?

Mortgage 384

Mortgage Loan Officers Investors Government 384

Housing Wire

AUGUST 23, 2023

Investors in the bond market were reacting to the government issuing debt while expecting the Federal Reserve to increase rates in September amid persistent inflation,” HousingWire ’s Flávia Furlan Nunes wrote last week. The average contract interest rate for 5/1 ARMs fell to 6.50% from 6.20% a week prior. the week prior.

Mortgage 370

Mortgage Contracts Government Buyers 370

Housing Wire

DECEMBER 8, 2021

3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) decreased to 3.30%, one basis point down from the previous week. Refinance apps fell 36.5%

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Mortgage Government Contracts Inventory 441

Housing Wire

NOVEMBER 10, 2022

The Federal Housing Finance Agency (FHFA) announced on Thursday that the 2023 multifamily loan purchase caps for Fannie Mae and the Freddie Mac will be $75 billion for each government-sponsored enterprise (GSE), for a combined total of $150 billion to support the multifamily market, according to an announcement from the FHFA.

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Government Finance Contracts Design 370

Housing Wire

JANUARY 18, 2024

Settlor is a spin-off of Land Title Guarantee Company , but Qualia noted in its complaint that it is still investigating how much governance and oversight the title firm has over its title production software startup. The plaintiff also states that as the former leader of the Resware team, Myers knew the value of the information she took.

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Contracts Government Business Marketing 421

Housing Wire

DECEMBER 9, 2020

The purchase market is also poised to finish 2020 on a strong note. Reversing the recent trend, there was also a shift in the composition of purchase applications, with an increase in government loans pushing the average loan balance lower.”. The FHA share of total applications increased to 9.9% from 11.9%.

Mortgage 438

Mortgage Contracts Government Marketing 438

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. mortgage market was ripe for refinancing, but today closer to 10%. . RTC), closed 747 S&Ls with assets of more than $407 billion.

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Mortgage Marketing Buyers Sellers 370

Housing Wire

AUGUST 5, 2020

Purchase loan balances continued to climb, which is perhaps a sign that the still-weak job market and tighter credit for government loans are constraining some first-time homebuyers,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.51% from 3.52%.

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Mortgage Contracts Government Marketing 421