Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market. ”

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Mortgage Loan Officers Investors Government 383

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. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 397

Mortgage Marketing Investors Lending 397

Housing Wire

MAY 14, 2024

“In the first quarter, we saw normal seasonality in purchase opened orders with sequential improvement coming off the fourth quarter,” Fidelity CEO Mike Nolan told investors and analysts during the firm’s Q1 2024 earnings call on Thursday. “In Refis are holding steady at roughly 1,000 per day at the current floor.

Insurance 443

Insurance Real Estate Sellers Housing Market 443

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time. economy after Fitch Ratings downgraded the U.S.′ The following day, the U.S.

Mortgage 367

Mortgage Inventory Government Buyers 367

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. In September, government-insured FHA loans represented a little over 15% of U.S.

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Mortgage Buyers Insurance Government 437

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. “Investors remained attuned to the uncertainty around the U.S.

Mortgage 383

Mortgage Inventory Retail Housing Market 383

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

OCTOBER 12, 2023

1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision. What is happening in the housing market ? Both home prices and mortgage rates continue to rise. The inflation data comes on the heels of a stronger-than-expected September jobs report.

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Government Housing Market Contracts Insurance 394

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 427

Mortgage Investors Tools Technology 427

Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.09% as of August 17, up from last week’s 6.96%. Other indices showed even higher mortgage rates.

Mortgage 369

Mortgage Supply Chain Government Buyers 369

Housing Wire

OCTOBER 6, 2023

With 30-year fixed mortgage rates climbing to a 23-year high, the Mortgage Bankers Association (MBA) called on the Federal Reserve to bring some certainty to financial markets. “It Mortgage rates, which loosely follow the movement of the 10-year Treasury yield, are at their highest level in more than two decades.

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Government Mortgage Investors Marketing 469

Housing Wire

JANUARY 5, 2024

Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. The labor market has weathered higher rates rather well, giving the Fed more leeway to prioritize inflation fighting.” Also, the prime-age employment rate has declined by 0.5%

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Transportation Construction Government Investors 436

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. How the National Flood Insurance Program’s recent extension provides stability for the housing market. Investor reporting.

Mortgage 460

Mortgage Investors Technology Housing Market 460

Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

Housing Market 536

Housing Market Mortgage Law Marketing 536

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

Inventory 462

Inventory Renovations Real Estate Government 462

Housing Wire

OCTOBER 16, 2023

The market is rocky, margins are tight. And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. on a standard 30-year fixed-rate mortgage. And we’re playing offense.”

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Government Mortgage Lending Finance 415

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

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Brokerage Real Estate Lending Mortgage 395

Housing Wire

NOVEMBER 10, 2023

Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning. Upfront Title will be available to mortgage software platforms and the government sponsored entities before the end of the year.

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Investors Retail Government Mortgage 406

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 Federal Reserve in Washington, D.C.

Marketing 406

Marketing Investors Government Investing 406

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Insurance 381

Insurance Supply Chain Design Government 381

Housing Wire

MAY 26, 2021

Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex- Wells Fargo mortgage executive Michael DeVito to assume the role of CEO. Michael is a well-regarded leader with proven success in virtually every aspect of the mortgage industry.

Lending 494

Lending Government Mortgage Investors 494

Housing Wire

OCTOBER 11, 2021

Natural disasters and forbearance: What borrowers and mortgage servicers need to know. The mortgage industry needs to be proactive in examining programs to help borrowers recover. The impact of climate change on the housing market entered the agenda of regulators, investors, and lenders.

Investors 329

Investors Government Finance Mortgage 329

Housing Wire

OCTOBER 12, 2021

Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall rose by 1.5% in September, the highest level since May.

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Government Mortgage Investors Buyers 501

Housing Wire

OCTOBER 27, 2021

Recently, the Mortgage Bankers Association increased its 2021 forecast in total mortgage origination volume from $3.74 Despite the expected flattening of volume year-over-year, the non-QM sector is expected to double its market share in 2022, from about 5% in 2021 to nearly 10%, according to HomeXpress.

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Lending Housing Market Investors Government 375

Housing Wire

MARCH 22, 2023

Pacific Western Bank also explored a capital raise with potential investors. However, amid volatility in the market and depressed stock prices, “it would not be prudent to move forward with a transaction at this time,” the bank said. In addition, it has drawn $3.7 billion from the Federal Home Loan Banks , $10.5

Real Estate 394

Real Estate Investors Investing Finance 394

Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. HousingWire spoke to a half-dozen industry pros in the primary and secondary markets for their takes on when normalcy might return.

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Marketing Mortgage Business Government 395

Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

Marketing 401

Marketing Investing Investors Real Estate 401

Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Inventory 544

Inventory Law Housing Market Design 544

Housing Wire

DECEMBER 30, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Mortgage rates will steadily rise, possibly to 3.3% With rates rising, housing-?nance Toohig asked.

Marketing 446

Marketing Supply Chain Housing Market Mortgage 446

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Investor expectations will change, and government entities will attempt to coordinate their response. Brokers : Digitization puts middlemen in every industry at risk.

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Supply Chain Real Estate Technology Mortgage 370

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Last year, investor Redwood and Point, the latter founded in 2014, completed a first-of-its- kind securitization backed by HEI contracts.

Contracts 427

Contracts Investors Investing Market Value 427

Housing Wire

JUNE 22, 2021

Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. In addition to last week’s drop, every investor category experienced some form of decline. The MBA now estimates 2 million homeowners are still in some form of a forbearance plan.

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Government Real Estate Investors Mortgage 395

Housing Wire

MAY 23, 2022

Before delving deeply into them, it is important to get grounded in the numbers: The housing market is the country’s largest asset class, worth approximately $44 trillion. The market rose almost 20% in 2021, adding $7 trillion in value. Government policy innovation is similarly fraught though offers a great deal of potential.

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Government Supply Chain Finance Development 388

Housing Wire

JULY 27, 2022

through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. .

Marketing 383

Marketing Investors Mortgage Finance 383

Housing Wire

MAY 24, 2022

economy fueled by inflation, international tensions and rising mortgage rates , the private-label securities (PLS) market recorded a strong first quarter, at nearly $43 billion in issuance, and is projected to finish 2022 with record volume. Treasury bond and a mortgage-backed security. Despite the turbulence in the U.S.

Marketing 382

Marketing Investors Mortgage Investing 382

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. 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.

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Loan Officers Agents Retail Technology 395

Housing Wire

JANUARY 24, 2022

billion hit the market in the first two weeks of 2022, HousingWire reported last week , but that’s already old news. Since then, another nine private-label residential mortgage-backed securities (RMBS) offerings valued at $4.6 And it’s likely that even more deals will come to market prior to month’s end. billion have unfolded.

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Mortgage Lending Finance Housing Market 363