Housing Wire
SEPTEMBER 22, 2022
Today the National Association of Realtors reported that existing home sales fell once again to 4.80 million. Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. .
Miller Samuel
SEPTEMBER 22, 2022
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Housing Wire
SEPTEMBER 22, 2022
Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation.
Appraisal Buzz
SEPTEMBER 22, 2022
On Monday, the Five Star Conference & Expo kicked off its second day of programming with the annual Legal League 100 Fall Servicer Summit for members, associate members, and mortgage industry professionals which features multiple panels and collaborative discussions regarding regulatory developments, landmark cases, and emerging issues within the housing and mortgage markets.
Housing Wire
SEPTEMBER 22, 2022
Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The agency’s Economic and Strategic Research (ESR) Group forecasts the total home sales to decline 17.2% to 5.71 million units this year from 2021, a further downward revision from August’s projected 16.2% drop. .
Appraisal Buzz
SEPTEMBER 22, 2022
The Consumer Financial Protection Bureau (CFPB) has released its annual report on residential mortgage lending activity and trends for 2021. The report’s data are submitted by thousands of the nation’s lending institutions under the Home Mortgage Disclosure Act (HMDA). The report shows a significant shift from refinance loans in 2020 to home purchase loans in … The post Asian, Black, and Hispanic-white Borrower’s Purchase Loan Shares Increase appeared first on DSNews.
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Appraisal Buzz
SEPTEMBER 22, 2022
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day meeting to a rate of 3.00-3.25%. This marks the highest interest rate in 14 years. This marks the fifth increase this year and the … The post Federal Reserve Continues Rate Hikes appeared first on DSNews.
Housing Wire
SEPTEMBER 22, 2022
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008. The decision was expected by most Fed observers , and comes as mortgage lenders and real estate brokerages struggle to adjust to a Fed-driven slowdown of the housing market. . According to the Federal Open Market Committee (FOMC) statement, although recent indicators point to modest growth in spending and production, job gains have b
Miller Samuel
SEPTEMBER 22, 2022
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Housing Wire
SEPTEMBER 22, 2022
New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). The PLS transaction, called UNLOK 2022-1, involves $144 million of unrated senior Class A notes, $18 million of mezzanine Class B securities and $18 million of mezzanine Class C securities.
Miller Samuel
SEPTEMBER 22, 2022
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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. Business is at a “dead stop,” said a retail loan officer in Michigan. 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.
Appraisal Buzz
SEPTEMBER 22, 2022
Today’s Buzzcast interview is with Ken Dicks, Director of Appraiser Compliance for Reggora. We sat down with Ken and Joan Trice, Founder of Allterra Group, LLC, to discuss how appraisers are a vital tool when it comes to lenders and a lender perspective. What are ways in which appraisers act as the eyes and ears? What can lenders take away from an appraiser’s expertise regarding a property?
Housing Wire
SEPTEMBER 22, 2022
Haley Parker is the area business development manager at Fairway Independent Mortgage Corporation. She sat down with HousingWire to share her excitement for the upcoming HousingWire Annual conference and her role on the welcome committee. HousingWire: What are you most looking forward to at HW Annual 2022? Haley Parker: Networking and connecting with Industry friends!
Appraisal Buzz
SEPTEMBER 22, 2022
While overall mortgage servicers’ portfolio volume of loans in forbearance continues to dwindle, Ginnie Mae loans in forbearance increased in August, with approximately 360,000 U.S. homeowners currently in forbearance plans. The post Ginnie Mae Loans in Forbearance Rise in August appeared first on DSNews. The post Ginnie Mae Loans in Forbearance Rise in August appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 22, 2022
Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. over the next 20 years. Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which has applications and loan servicing in Spanish for consumers in all 50 states.
Eyes on Housing
SEPTEMBER 22, 2022
The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.
Empire Appraisal Group
SEPTEMBER 22, 2022
What’s in a Street Name? A Key to Home Values. By Dan Weil. Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. JACKSON, Ga. – Some street and neighborhood names are more associated with expensive homes than other names. “What’s in a name?” Shakespeare wrote in “Romeo & Juliet.
Eyes on Housing
SEPTEMBER 22, 2022
Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 3.25%. This marks the third consecutive meeting with an increase of 75 basis points. These supersized hikes are intended to move monetary policy.
Valcre
SEPTEMBER 22, 2022
When a property appraiser completes their investigation, they put their findings into a report for the clients to utilize as the basis for making decisions.
Eyes on Housing
SEPTEMBER 22, 2022
As elevated mortgage rates and higher home prices continue to price out homebuyers and reduce affordability, existing home sales declined for seven consecutive months in August, according to the National Association of Realtors (NAR). All four regions saw double-digit declines for sales from a year ago. Additionally, home price appreciation slowed for the second month after reaching a record high.
BiggerPockets
SEPTEMBER 22, 2022
Having an occupied property rented substantially below market price is a problem that’s afflicted many real estate investors. Every month a property is rented below market rate is lost money […].
Eyes on Housing
SEPTEMBER 22, 2022
While the COVID-19 pandemic has triggered many social and economic disruptions, it has also changed working arrangements and has accelerated the shift to work from home (WFH). During the COVID-19 outbreak in the early of 2020, many businesses across the United States closed and millions of workers experienced the work from home trend out of necessity.
BiggerPockets
SEPTEMBER 22, 2022
Short-term rental arbitrage seems like an elusive concept. As a real estate investor, it can be a little hard to wrap your head around it. You lease a property, rent […].
Mortgagebroker News
SEPTEMBER 22, 2022
Recognising the trailblazing women stamping their imprint on Canada’s mortgage industry
Lamacchia Realty
SEPTEMBER 22, 2022
Anthony Lamacchia sat down with Boston 25 morning news anchor Gene Lavanchy to discuss the impending Fall housing market in Massachusetts and what buyers and sellers should expect. Watch below! Anthony Lamacchia Talks the Impending Fall Market with Gene Lavanchy on Boston25 News. September 21, 2022. No Comments. Anthony Lamacchia sat down with Boston 25 morning news anchor Gene Lavanchy to discuss the impending Fall housing market in Massachusetts and what buyers and.
Mortgagebroker News
SEPTEMBER 22, 2022
The measures have been proposed as additional taxes on certain financial institutions
GoForrmz
SEPTEMBER 22, 2022
GoFormz dominates the G2 Fall Reports – from Best Support to Most Implementable G2 is the world’s leading peer-to-peer review platform. Buyers, investors, analysts, and business professionals utilize this site to compare and select the best software solutions based on actual customer feedback. At GoFormz, we continuously strive to better our product and ourselves to provide our customers with the best possible experience – and our customers have spoken.
Mortgagebroker News
SEPTEMBER 22, 2022
The demographic continues to labour under systemic housing problems, new data suggests
San Jose Real Estate
SEPTEMBER 22, 2022
Exercise caution when viewing or showing homes for sale.
Mortgagebroker News
SEPTEMBER 22, 2022
The region benefits from relative affordability compared to other, more congested markets
Housing Wire
SEPTEMBER 22, 2022
Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at $21 billion. The coverage, which became effective Aug. 1, entails Fannie Mae retaining risk for the first 55 basis points of potential loss on the covered loan pool.
Mortgagebroker News
SEPTEMBER 22, 2022
Mortgage holders may feel compelled to stay with current lender, says analyst
Housing Wire
SEPTEMBER 22, 2022
Freddie Mac is launching its 10th credit-risk transfer transaction of the year via its Structured Agency Credit Risk (STACR) program, bringing the total note offerings through its two flagship STACR series programs to $12.8 billion so far in 2022. The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principa
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