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Mortgage industry encouraged by Fed’s dovish approach

Housing Wire

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.

Mortgage 413
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Delinquency rate rises for first time in 9 months

Housing Wire

After eight consecutive months of improvement, the national mortgage delinquency rate rose in February from to 6% from 5.85%, according to a report from Black Knight on Tuesday. Mortgage Tech Demo Day. Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry.

Valuation 458
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Loan officers made insane money in Q4 2020

Housing Wire

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day. million in funded purchase loans in Q4.

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10 best real estate software solutions for agents in 2024

Housing Wire

Buying Options See Details Pros + Cons Pros: Custom client CRM pipelines Built-in hyperlocal SEO features Option to book a demo Cons: Minimum of 10 users required. Its intuitive design and affordability, coupled with exceptional customer service, make it a standout choice for real estate agents. Additional fee for IDX integration.

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Homepoint significantly downsizes IPO

Housing Wire

Mortgage Tech Demo Day. HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely. The parent company of Homepoint originated $46.3 It’s a phenomenal rise for a lender that originated just $10.6

Retail 533
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Consumers more confident about making mortgage or rent

Housing Wire

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.

Mortgage 545
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Fudge won’t cut mortgage insurance premiums

Housing Wire

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. Mortgage Tech Demo Day. During her nomination , Fudge was noncommittal about potential cuts to the mortgage insurance.

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