Housing Wire

DECEMBER 10, 2020

Despite slightly higher Treasury yields, mortgage rates held steady at record lows this week, according to a survey by Freddie Mac. Rates remained at last week’s level of 2.71% for the 30-year fixed rate mortgage, according to Freddie Mac’s Primary Mortgage Market Survey. “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which have recently been moving higher,” Freddie Mac Chief Economist Sam Khater said.

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AmeriMac

DECEMBER 10, 2020

If you’ve been doing some reading around the real estate world, chances are you’ve seen the word ‘AMC’ somewhere. But do you know what this means? Whether you’re a commercial real estate agent or a residential one, you’re going to greatly benefit from utilizing an appraisal management company (AMC). But before signing off with an appraisal management company, it is essential you know why real estate brokers need them.

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Housing Wire

DECEMBER 10, 2020

Since the pandemic caused many employers to shift employees to working from home – some indefinitely – homeowners have left cramped spaces in large cities and retreated to more urban and rural areas with bigger homes at a lower cost. At the National Association of Realtors Real Estate Forecast Summit on Thursday, NAR’S Chief Economist Lawrence Yun explained that although many are working from home now, he doesn’t expect that change to be permanent.

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Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. In October, home sales in Des Moines soared 34% compared to last year, with 1,547 sold properties compared to 1,150 in 2019, according to the Des Moines Area Association of Realtors.

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Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. Think of it as the underdog quickly becoming the hero of the story. It was always there working hard in the background, just waiting for a year as unpredictable as 2020 to come to the rescue. But to understand the stability that the secondary market brought during a world-wide pandemic, you first have to look back at 2008.

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Housing Wire

DECEMBER 10, 2020

Airbnb shares more than doubled in its public debut on Thursday, per the Wall Street Journal, after opening trading at $146 on the Nasdaq Stock Market – higher than its initial-public-offering price of $68 a share. The opening trade valued Airbnb at $101.6 billion, versus its IPO valuation of roughly $47 billion. That makes Airbnb the biggest U.S.

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Housing Wire

DECEMBER 10, 2020

HomePoint , one of the largest wholesale mortgage originators and servicers in the country, has a new tech platform on offer for brokers. The Ann Arbor, Michigan-based firm said it has selected Appian ‘s low-code automation platform as the nerve center for its staff and participating brokers. The new technology platform, a graphical interface that reduces the need for hand-coding , enables HomePoint “rapid scalability and flexibility” to adapt to changing consumer needs while m

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Housing Wire

DECEMBER 10, 2020

We all know the story. Amidst a widespread and imprudent weakening of credit standards and a complete failure by the credit rating agencies to properly assess risk, the housing finance market imploded in 2008. Probably the biggest wipeout was in the then privately owned mortgage securitizers, the GSEs , where every one of their mortgage-backed securities carried an implicit federal guarantee.

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Housing Wire

DECEMBER 10, 2020

As interest rates continue to stay well below 3% with no end in sight, lenders are faced with consumer demand from all corners of the housing market. From refis to first-time-homebuyers in the beginning stages of their search, consumer interest has certainly been piqued by low rates and is only growing stronger. To help lenders navigate through a sea of refis and potential purchases, fintech companies like Jornaya are adding value by providing behavioral data that informs lenders when their cons

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Housing Wire

DECEMBER 10, 2020

Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement to acquire eOriginal for approximately €231 million ($280 million) in cash, officials said. eOriginal is a leading provider of cloud-based digital lending software. “Borrower preferences, competition among lenders, and changing regulations are driving increased digitization of the lending workflow. eOriginal is well-positioned to take advantage of these systemic trends,” said Steven Meirink, executive vice president a

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Housing Wire

DECEMBER 10, 2020

The pandemic has caused a shifting renter trend that is greatly impacting the real estate market. With COVID-19 forcing many to work remotely, renters now have more flexibility with where they choose to settle down. And while population density plays a role in decision-making, the recent migration appears to be price-based. . With housing prices going up and rental prices going down, paying month-to-month in a more suburban or rural area is now an attractive option.

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Housing Wire

DECEMBER 10, 2020

This week, President-elect Joe Biden chose Rep. Marcia Fudge, D-Ohio, to be the next secretary of the U.S. Department of Housing and Urban Development. Now, the housing industry is welcoming HUD’s next potential leader. “On behalf of MBA, I congratulate Rep. Marcia Fudge on being selected to be nominated as the Secretary of HUD,” said Robert Broeksmit, Mortgage Bankers Association president and CEO.

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