Housing Wire

APRIL 8, 2021

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The Conventional MCAI that measures loans not backed by the government gained.8%. 4%, the MBA said.

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Buyers Mortgage Housing Market Government 510

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. The roots of racial disparities in housing and mortgage markets run deep. Justice Department charges of fair-lending violations.

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Mortgage Lending Real Estate Agent Government 498

Housing Wire

OCTOBER 16, 2023

At a time when you desperately need stability, your own government is sowing the seeds of profound instability. Mortgage applications are at multi-decade lows, and housing inventory remains highly depressed, helping push home prices up. Honestly, Washington is pushing you and our economy in the wrong direction.

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Housing Wire

JULY 15, 2021

in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. ” The conventional MCAI decreased 17.1%, and the government MCAI decreased by 1.4%. . ” The conventional MCAI decreased 17.1%, and the government MCAI decreased by 1.4%.

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Mortgage Government Inventory Lending 450

Housing Wire

JUNE 9, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit. Credit tightening was most notable in the government and jumbo segments, Kan added. Both the Conventional MCAI, which does not include loans backed by the government, decreased 0.4%

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Mortgage Government Inventory Lending 365

Housing Wire

JANUARY 12, 2024

The downsized volume reflects two equally important factors: a housing market characterized by limited inventory, high mortgage rates and reduced demand, but also the banks taking themselves off the board for some residential mortgages. Home lending revenues declined to $3.3 billion for the year from $44 billion in 2022.

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Mortgage Lending Retail Business 409

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% Several top-producing buyer agents interviewed as part of NAHREP’s practitioner study noted an increase in FHA lending in 2023, with several noting that FHA offered better rates in 2023 than many of its conventional counterparts.

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Real Estate Agent Real Estate Buyers Realty 449

Housing Wire

DECEMBER 30, 2022

In this series of interviews, we focus on the people who are shaping the state of housing at the top — the policy and regulation experts. The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry trends. These are top of mind for my team, our clients and the industry.

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Lending Transportation Government Mortgage 358

Housing Wire

MARCH 25, 2022

Creating a large following on Instagram , he offers updates on the housing market, tips on the home-buying process and so much more. Below, Dhingra answers questions about the housing industry: HousingWire: What were some of your biggest takeaways from last year’s HW Annual event? To become an HW+ member, click here.

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Inventory Technology Real Estate Agent Tools 367

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

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Mortgage Loan Officers Government Buyers 380

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Neal pointed to a government-subsidized rate buydown program launched in the 1970s, another period of high interest rates.

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Marketing Government Mortgage Sellers 404

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. The win, essentially, is the strategy.

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Agents Buyers Sellers Inventory 402

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast.

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Housing Market Marketing Inventory Lending 393

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. And if you look at something like warehouse lending [to IMBs], the spreads are very tight.

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Mortgage Marketing Investors Lending 372

Housing Wire

MAY 25, 2022

There’s no question that 2022 has seen serious changes to the housing market. Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success.

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Lending Investing Loan Officers Design 386

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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Loan Officers Agents Retail Technology 389

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. On a forward-looking basis, you would expect you don’t have the same tailwinds as you did before.”

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Marketing Mortgage Investors Sellers 403

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

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Inventory Construction Government Housing Market 545

Housing Wire

NOVEMBER 30, 2022

The outlook for agency MBS issuance — securities issued by government-sponsored enterprises such as Fannie Mae or Freddie Mac — is equally grim, according to Robbie Chrisman, head of content at Mortgage Capital Trading (MCT). Once the Fed stops raising rates, the market could be expected to normalize. “In

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Marketing Mortgage Business Government 390

Housing Wire

AUGUST 9, 2022

Lending standards tightened in July with the mortgage credit availability index (MCAI) dropping 9%, the largest monthly drop since April 2020, according to the Mortgage Bankers Association (MBA). A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit.

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Mortgage Government Inventory Lending 379

Housing Wire

JUNE 13, 2023

Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. The monthly Mortgage Credit Availability Index fell by 3.1% last month, according to the Mortgage Bankers Association.

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Mortgage Government Lending Contracts 365

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate.

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Mortgage Loan Officers Inventory Business 441

Housing Wire

JANUARY 21, 2022

Despite the expected rise in interest rates, the single-family housing market will continue to be boom in 2022, according to a report published by Freddie Mac this week. However, Khater did note that as rates rise, there will be some moderation in housing demand, causing home price growth to temper. in 2021 to 6.2%

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Mortgage Housing Market Buyers Government 450

Appraisal Today

MAY 10, 2024

To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. There is no integrity in that.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MAY 5, 2022

Millennials are the fastest growing segment of homebuyers today, comprising 37% of the housing market. Although mortgage rates are slightly higher than they were six months ago, these buyers face rates that are still far below what they were when their parents first entered the housing market. A look forward.

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Mortgage Buyers Technology Lending 368

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. What was your business like before the pandemic?

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Appraisal Contracts Business Mortgage 52

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Government, FHA, and VA loans do not apply and the program is not available in 16 states, including New York, Massachusetts, and Rhode Island.

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Real Estate Agent Finance Retail Mortgage 381

Housing Wire

SEPTEMBER 2, 2021

“Economic growth and the acceleration in inflation have moderated in the last month, giving the markets comfort and leading to a stabilization in mortgage rates,” said Khater. Even with a slight increase, purchase activity hit its highest level since early July, as applications for conventional and government loans increased.”.

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Mortgage Inventory Buyers Housing Market 529

McKissock

MARCH 19, 2021

FHFA extends relaxed lending and appraisal standards to the end of April. Housing is expected to remain resilient despite low inventory, with accelerated U.S. trillion American Rescue Plan will funnel billions into the housing market. trillion American Rescue Plan will funnel billions into the housing market.

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Housing Market Appraisal Marketing New Listings 90

Appraisal Today

AUGUST 4, 2023

The attack on the protected speech of independent appraisers erodes their ability to describe how the properties they appraise relate to the preferences of market participants. However, high mortgage rates and limited affordable inventory keep exerting pressure on potential homebuyers.

Appraisal 72

Appraisal Business Contracts Real Estate 72

Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected.

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Insurance Mortgage Housing Market Government 246

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. ” After 30 years, Redwood still seeks to fill voids in the mortgage market. We saw banks getting out of risky credit mortgages like option ARMs and some subprime lending happening back then.

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Investors Investing Mortgage Real Estate 358

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. .

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Construction Supply Chain Buyers Development 440

Housing Wire

AUGUST 8, 2023

To adapt to a shrinking market, the banker is focused on different borrower types who need non-jumbo products. So, we’re going after more government and conventional loans,” Busch said. But what explains this market’s decline? “We’ve concentrated more on the Fannie Mae, Freddie Mac, FHA, VA space.

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Insurance Mortgage Clients Lending 355

Housing Wire

DECEMBER 22, 2022

The challenges buyers face today are significant: higher interest rates, higher home prices, historically low inventory, increasing costs for labor and materials and supply chain challenges. On the surface, these factors might make the outlook for the housing market look bleak, particularly for first-time homebuyers.

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Housing Market Marketing Insurance Supply Chain 398

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Any one of those risks could cascade into other parts of the market and tip the economy into recession.” job losses and we have another odd year now in our rear-view mirror. “Any

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. Total inventory remains low, however, keeping prices higher on an annual basis. months’ inventory, up from 1.4 months’ inventory (2.0 higher than January 2023.

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New Listings Buyers Inventory Lending 54