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. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

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Housing Wire

FEBRUARY 9, 2021

while the Jumbo MCAI measuring high-balance loans rose 2.2%, and the Conventional MCAI that measures loans not backed by the government rose 4.8%. The Government MCAI that includes mortgages backed by the Federal Housing Administration , the Veterans Administration and the U.S. Department of Agriculture fell by.1%,

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Housing Wire

DECEMBER 1, 2021

years in prison — the maximum the federal government said it would seek — as well as three years of supervised release. As the housing market changes, so does lending fraud. Housing market conditions are changing in ways that may increase fraud risk and fraud schemes are becoming increasingly sophisticated.

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Housing Wire

NOVEMBER 29, 2022

This was “likely attributable to massive government stimulus and other support programs designed to stabilize the housing market during the COVID-19 pandemic,” according to the report. Bias in lending is a challenge that the mortgage industry has been struggling with, as seen from a handful of suits.

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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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Housing Wire

JUNE 23, 2021

Their large market presence is not because of their capital levels, however, but because they provide something no institutions other than FHA , USDA and VA provide: the government guarantee. This, in turn, creates stable, deep liquidity, which reduces mortgage rates, particularly for long-term fixed rate lending.

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Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” housing market in the future.

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Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. A total of 242 senior executives from 219 lending institutions completed the survey between Aug.

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Housing Wire

DECEMBER 5, 2023

Benefits to lenders and consumers Employing such technological safeguards carries major advantages across mortgage lending stakeholders. This helps attract ongoing investment capital into the housing sector. The enhanced market stability and consumer access further establishes technology’s power to drive positive change in lending.

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Housing Wire

MAY 11, 2021

A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards. The MCAI on conventional loans increased 4.8%, while MCAI on government loans increased by 0.1%. The purchase market is as buoyant as ever — Redfin is forecasting $2.5 last month.

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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. And warehouse lines.

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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. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

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Housing Wire

JANUARY 10, 2023

Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months. in December, led by a decrease in both conventional and government MCAIs. The MCAI – benchmarked to 100 – fell marginally by 0.1%

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Housing Wire

DECEMBER 14, 2020

The evidence for this can be seen here in a series of charts published with the article: Considering all the wild machinations in the market that we lived through from the date of the first infections to the present, I thought it would be useful to recap some of the year’s significant economic milestones. BC Era: Before Coronavirus.

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Housing Wire

MARCH 9, 2021

2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. The Government MCAI that includes mortgages backed by the Federal Housing Administration , the Veterans Administration and the U.S. 7% while the Jumbo MCAI measuring high-balance loans rose.2%, Department of Agriculture rose.3%,

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Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. government is forecasting that it will need to issue some $1.8

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Housing Wire

OCTOBER 27, 2021

Non-QM product knowledge has continuously grown nationwide with not only those in the lending community but with borrowers alike. As non-QM lending increases in popularity, it’s a great opportunity for brokers to jump in and grow their business by offering a wider selection of loan products. Know your products.

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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. DeVito was head of home lending at Wells Fargo at the time he stepped down from the depository bank. Presented by: Acra Lending. “I

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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 JPMorgan’s home lending net revenue reached $1.16

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Appraiserblogs

JUNE 28, 2023

Most believe that the company is too large and complex to be effectively managed by the government. They argue that Fannie Mae is too big to fail, and that if it were to collapse, it would have a devastating impact on the housing market. million armed robbery of a… Dear Representative, FNMA Has Gone Rogue!

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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.

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Housing Wire

MARCH 20, 2024

As a result, the country is facing “a more anemic than normal spring homebuying season” in most major housing markets, Hepp noted. The “higher for longer“ theory has been echoed by Fannie Mae as the government-sponsored enterprise now expects mortgage rates to end the year at 6.4% , higher than its previously projected figure of 5.9%.

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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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Housing Wire

AUGUST 31, 2022

His 15-plus years of career include three years at Home Point Financial, where he was promoted to senior managing director of enterprise risk and corporate governance and seven years at Black Knight Financial Services. In a tight housing market, Xactus said it aims to help customers close loans more quickly. .

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Housing Wire

MARCH 4, 2021

The housing market is entering the busy spring buying season with strong demand,” Joel Kan, the Mortgage Bankers Association’s associate vice president of economic and industry forecasting, said. Increasing Lending and Servicing Capacity – Regardless of Mortgage Rates. Presented by: Sutherland.

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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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Housing Wire

NOVEMBER 11, 2021

Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH. How Freddie Mac is addressing affordable housing challenges.

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Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. Head of Neighborhood and Community Lending. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending. Head of Home Lending.

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Housing Wire

JULY 14, 2022

The federal government on Wednesday reported that the consumer price index rose 9.1% The surge in rates has cooled the housing market over recent months, with buyers fretting over reduced purchasing power and record-high home prices. The refinancing market in particular, has tanked. Presented by: Polly.

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Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. We have a much better housing ecosystem now for sure. The entire system has to be designed to inflate the price over time.

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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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Housing Wire

JULY 22, 2022

The examples, all within about a month, illustrate a non-QM lending world in disarray, turned upside down in recent months as originators battle an unassailable force over which they have no control: fast-rising interest rates. recalled Keith Lind, CEO of Acra Lending, a leading non-QM lender. “Of Of course we’re not. “…If

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Housing Wire

FEBRUARY 7, 2023

CMS is going heavy on a rarely used mortgage product to solve this market problem. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The product, known as an assumable mortgage, is not new.

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Housing Wire

JUNE 25, 2021

In today’s housing market, lenders need to make sure they’re staying competitive. One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances. JR: It’s a competitive market out there.

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Housing Wire

MAY 23, 2022

Bost said in a statement that the VA appraisal requirements are a strain on veterans trying to compete in a hot housing market and that this legislation would make VA borrowers more competitive. “VA VA home loans have given millions of veterans and their families the opportunity to purchase a home. .

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