Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. That “trigger” moment finally arrived in January, he added.

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Housing Wire

NOVEMBER 30, 2022

We’re going to have a housing correction.”. The Fed on average … over the last two decades, usually cuts rates about four or five months after the Fed funds rate has peaked,” he said. We’re going to have a Fed-induced consumer slowdown ,” Petrosinelli said. “We’re Dour outlook.

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Empire Appraisal Group

JUNE 9, 2022

Fannie Mae: Housing Crisis Will Last a Decade. WASHINGTON – Fannie Mae has issued a new analysis of the residential single-family home market, where it stated that: “the demand for entry-level single-family homes should remain high for the rest of the decade.”. units to 3.8

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Miller Samuel

FEBRUARY 12, 2019

Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer.

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Housing Wire

FEBRUARY 12, 2021

Fannie Mae, the largest mortgage financier in the U.S., Regardless, Fannie Mae’s full year net revenues increased 16% to $25.3 According to a release, Fannie Mae’s guaranteed book also grew by over 8%. said Friday that its net income in the fourth quarter of 2020 checked in at $4.6

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Housing Wire

SEPTEMBER 14, 2023

Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. The company was originally built to serve banks and others with the thought that there was no private sector [to invest in mortgage assets] , only Fannie Mae and Freddie Mac. We don’t originate residential mortgages.

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Listing Spark

JUNE 16, 2023

The closed transactions last month reached 2611, a decrease of 18%. The average Days on Market in Austin spiked to 71 days, up by 53 days compared to last year. [00:03:07 The market now experiences an average of 100 days for a house to sell, challenging sellers who are used to homes being quickly sold. [00:06:30

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Housing Wire

APRIL 30, 2024

Last month, the Biden Administration announced the revival of a previously abandoned pilot program that would waive the requirement for lender’s title insurance on certain home refinances – part of a misdirected effort to address housing affordability. Title insurance is significantly different from other lines of insurance.

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Housing Wire

AUGUST 23, 2023

Bad news for mortgage professionals: not only are mortgage rates at their highest level in over two decades, they might not drop anytime soon. The last time mortgage rates reached the 8% level was in the early 2000s, when home prices were significantly lower. at this point. When asked why U.S.

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Housing Wire

APRIL 12, 2021

Stewart shared: For decades, women have filled many roles in the mortgage industry but the climb to the C-suite was difficult or unattainable for many. Prior to joining Flagstar, she spent 15 years with Fannie Mae. Susan Stewart , CEO at SWBC Mortgage Corporation , is the current Chair of the Mortgage Bankers Association.

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Housing Wire

APRIL 22, 2022

The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. The rate escalation started at the beginning of this year and is continuing to play out.

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Housing Wire

SEPTEMBER 11, 2023

The question many in capital markets have been asking since the GSEs were put into conservatorship is this: Without Fannie , Freddie , or the Fed , who will buy the agency MBS? Late last year, Laurie Goodman, the famed MBS expert and a leader at the Urban Institute in Washington, penned an article in Barrons to explain why rates were so high.

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Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. December is typically the slowest time of year for local residential real estate sales, but the final few weeks capped what turned into the slowest year in a decade for the purchase and sale of homes across King County. higher YoY.

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Patch of Land

NOVEMBER 1, 2017

Although rising rates might slow home sales, a growing economy and a healthy housing market should provide some relief. Although rising rates might slow home sales, a growing economy and a healthy housing market should provide some relief. Housing prices posted strong gains this past March, rising 7.1 percent) and Oregon (9.4

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Will Springer Realtor

DECEMBER 8, 2021

economy, the housing shortage might last the longest,” said a report from financial services giant Goldman Sachs. Census Bureau, an 18% jump from this time last year. (In In last month’s newsletter , we covered restrictive zoning as another obstacle for builders.). There are signs of improvement.

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Housing Wire

DECEMBER 31, 2020

The clock has effectively run out for FHFA Director Calabria to release Fannie Mae and Freddie Mac from their 12-year captivity under conservatorship following the great financial crisis. Some early proposals called for a more competitive market where more than two credit guarantors operated.

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Will Springer Realtor

JUNE 8, 2022

Efforts over many decades to steadily increase homeownership have failed. The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! Beyond the affordability issue, much more needs to be done to address the housing shortage.

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Will Springer Realtor

JANUARY 11, 2023

SHOULD HOUSING BE A HUMAN RIGHT? He participated in peaceful protests and spoke on voting and labor rights, desegregation and equal housing. Which made me wonder: Should housing become one of our nation’s rights rather than simply a commodity? Despite the groundbreaking housing act of 1968, no U.S. So, why not here?

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Housing Wire

JANUARY 22, 2021

With that in mind, I thought it worth revisiting my decades of experience with the GSEs, and discuss the danger in releasing the GSEs from conservatorship, as it seems that many of us have all but forgotten what we’ve learned. For Fannie, they gave their customers such as Countrywide exclusive rights to programs, pricing and credit terms.

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Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Being labeled a redliner can cause lasting reputational damage because of its association with the historic definition of redlining, which federal policy supported for decades.

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