Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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Business Finance Buyers Lending 445

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. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

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Marketing Mortgage Investors Sellers 426

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

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. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

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Mortgage Marketing Investors Lending 402

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. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

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Marketing Government Mortgage Sellers 407

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?

Technology 456

Technology Lending Government Legal 456

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%,

Mortgage 541

Mortgage Lending Government Contracts 541

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 512

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.

Mortgage 544

Mortgage Insurance Lending Government 544

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This ensures their bundle retains its credit rating and market value.

Technology 426

Technology Mortgage Investors Lending 426

Housing Wire

JUNE 23, 2021

He believes that their large market presence is a problem, and the result of being undercapitalized. 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. In short, it makes no sense.

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Government Finance Lending Mortgage 545

Housing Wire

MARCH 7, 2024

For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market experts interviewed recently by HousingWire. It’s a matter of speed. …

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Investors Government Mortgage Investing 415

Housing Wire

MAY 11, 2021

in April as mortgage lenders fight for borrowers in an increasingly competitive market. 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%. last month.

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Mortgage Lending Housing Market Government 501

Housing Wire

OCTOBER 16, 2023

The market is rocky, margins are tight. 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. And we’re playing offense.”

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Government Mortgage Lending Finance 417

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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Appraisal Valuation Government Appraisal Process 383

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 Market Mortgage Law Marketing 538

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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Buyers Lending Mortgage Government 481

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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Mortgage Lending Real Estate Agent Government 501

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 Market Government Marketing Mortgage 545

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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Lending Government Mortgage Valuation 370

Housing Wire

OCTOBER 27, 2021

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. Non-QM product knowledge has continuously grown nationwide with not only those in the lending community but with borrowers alike. Know your products.

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Lending Housing Market Investors Government 379

Housing Wire

MARCH 20, 2024

I don’t expect we’ll see much of a market reaction to the Fed meeting this week because the Fed is waiting for the incoming data, just like the rest of us,” said Danielle Hale, chief economist at Realtor.com. It seems to me they didn’t want to make that same mistake today.” “I

Mortgage 437

Mortgage Government Lending Investors 437

Housing Wire

JULY 27, 2022

AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 The question remains, however: Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates?

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Marketing Investors Mortgage Finance 383

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

Mortgage 440

Mortgage Lending Retail Business 440

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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Mortgage Government Buyers Contracts 475

Housing Wire

MAY 13, 2024

Announced in February , the agency had originally planned to publish the dataset next year, but it chose instead to advance the timeline to third-quarter 2024 in order to “better support market participants with this transition” to a new bi-merge credit reporting requirement that is also being challenged by trade groups and lawmakers.

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Legal Mortgage Contracts Insurance 411

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%

Mortgage 391

Mortgage Government Inventory Lending 391

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. And they have to sell them now [in the whole loan market or via securitization when we are seeing] 6%, 6.5%

Marketing 395

Marketing Real Estate Mortgage Investors 395

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. We’re also seeing new market-based initiatives coming from the private sector.

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Lending Transportation Government Mortgage 380

Housing Wire

MARCH 4, 2021

The average mortgage rate for a 30-year fixed loan rose 5 basis points last week to 3.02%, marking the first time since July that the industry has seen rates break above 3%, according to Freddie Mac ’s Primary Mortgage Market Survey. Increasing Lending and Servicing Capacity – Regardless of Mortgage Rates. Presented by: Sutherland.

Mortgage 545

Mortgage Housing Market Government Lending 545

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.

Technology 405

Technology Lending Valuation Mortgage 405

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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Modernization Clients Technology Insurance 370

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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Lending Government Mortgage Investors 500

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. This is what I call a supply-constrained market. “In Just because there’s vacant homes in the U.S.

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Inventory Renovations Real Estate Government 462

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. 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. Tozer suggested “a fee of 1.3%

Mortgage 383

Mortgage Loan Officers Government Buyers 383

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. Consequently, the collateral available to support securitizations in both the agency and nonagency secondary markets has also fallen.

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Marketing Mortgage Business Government 395

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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Lending Mortgage Housing Market Marketing 383