Housing Wire

AUGUST 3, 2023

government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” Scarce inventory leads to a modest pace of sales for existing homes.

Mortgage 369

Mortgage Inventory Government Buyers 369

Housing Wire

FEBRUARY 5, 2024

While this won’t lead to a “silver tsunami” when it comes to a flood of housing inventory, the impacts of an aging population are difficult to ignore. Given the major demographic changes taking place in the state, implementation should be conducted with an urgency not typical of government operations,” the report stated.

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Government Development Design Inventory 412

Housing Wire

AUGUST 3, 2022

The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GSEs). How borrowers can stay afloat with home equity products during difficult economic times. Presented by: Altisource.

Inventory 454

Inventory Clients Government Sellers 454

Housing Wire

SEPTEMBER 13, 2023

It 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. Moreover, many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. in March, is also listed as a senior advisor.

Mortgage 427

Mortgage Government Advertising Buyers 427

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. The reason for the slowdown stems from a problem that continues to persist: a lack of inventory. trillion from the $4.36

Supply Chain 417

Supply Chain Inventory Government New Listings 417

Housing Wire

MARCH 12, 2023

We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over the weekend to stop the contagion. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. Last week was wild, and not just for the housing market.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

NOVEMBER 11, 2022

For most parts of the country, home prices are holding steady since available inventory is extremely low,” Yun said. In turn, purchase inventory levels have stayed low in most markets. Housing inventory is about a quarter of what it was in 2008,” Yun said. A normal spread would revive the economy.

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Inventory Housing Market Realtors Mortgage 492

Housing Wire

FEBRUARY 12, 2024

AFR offers agency, nonagency and government lending products. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. It also has a niche in construction and manufactured home loan programs.

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Lending Renovations Construction Finance 411

Housing Wire

FEBRUARY 12, 2024

Meanwhile, an easing of the inventory shortage foreshadows the possible return of a stable housing market. Government-backed loan products posted a setback in market shares in January, with the FHA share dropping to 20.7% Overall, conforming products gained market share in January, accounting for 57.3% of total volume. of total volume.

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Housing Market Marketing Government Inventory 403

Housing Wire

SEPTEMBER 28, 2023

Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said.

Housing Market 474

Housing Market Contracts Government Buyers 474

Housing Wire

MAY 14, 2024

In the scenario where more inventory comes into the market and rates come down, we are well positioned to capture upside to last year’s performance,” Nolan added. Looking ahead, while Nolan believes that the housing market will rebound, he noted that the timing is “uncertain and largely dependent on lower mortgage rates.” “In

Insurance 445

Insurance Real Estate Sellers Housing Market 445

Housing Wire

MARCH 26, 2024

Over the course of 2023, the government-sponsored enterprises (GSEs) completed 192,897 foreclosure prevention actions. The GSEs’ real estate-owned (REO) inventory decreased slightly to 10,902 in Q4, down from 11,019 in Q3 as REO dispositions outpaced acquisitions, the report noted. The rate for U.S.

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Government Mortgage Inventory Real Estate 460

Housing Wire

DECEMBER 10, 2021

While there was an increase in loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic, that was offset by a the decline in credit availability through government loans programs. The Conventional MCAI increased 1.9%, while the Government MCAI declined 2.7%. in November.

Mortgage 406

Mortgage Government Inventory Investing 406

Housing Wire

APRIL 26, 2023

Borrowers’ demand increased for conventional and government loans, up 4.50% and 1.20% from one week earlier, respectively. Both conventional and government home purchase applications increased last week. Altos Research data shows that inventory rose from 405,468 to 414,010 from April 14 to 21. Mortgage apps also rose 4.7%

Mortgage 395

Mortgage Loan Officers New Listings Government 395

Appraisal Buzz

JULY 6, 2021

The Urban Institute (UI) says it appears that the current sellers’ market is having a negative impact on government backed loans and the borrowers who need to use them.

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Sellers Buyers Government Inventory 370

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

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Housing Market Marketing Inventory New Listings 383

Housing Wire

JUNE 9, 2022

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% and the Government MCAI, which examines FHA, VA, and USDA loan programs, dropped 1.3%. and the Conforming MCAI rose by 1%. .

Mortgage 391

Mortgage Government Inventory Lending 391

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. The monthly Mortgage Credit Availability Index fell by 0.7% last month, according to the Mortgage Bankers Association. and the Conforming MCAI dropped by 1.9%.

Mortgage 370

Mortgage Government Inventory Lending 370

Eyes on Housing

APRIL 25, 2024

economy grew at a noticeably slower pace in the first quarter of 2024 due to an increase in the trade deficit and weaker inventory investment. But it was still on solid ground supported by consumers, the government, and the housing industry. Compared to the fourth quarter of 2023, the U.S. Meanwhile, the data from the.

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Government Inventory Investing 88

Housing Wire

AUGUST 9, 2023

government debt rating by Fitch Ratings and the Treasury’s funding announcement that followed played a non-negligible role in this hike, observes Joel Kan, MBA’s vice president and deputy chief economist. “Not For the week that ended August 4, mortgage applications fell 3.1% Last week, treasury yields rates and mortgage rates rose.

Mortgage 369

Mortgage Contracts Government Inventory 369

Housing Wire

DECEMBER 8, 2021

3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Purchase activity continues to be constrained by a lack of inventory, combined with rapid rates of home-price appreciation and mortgage rates higher than in 2020.” . on a seasonally adjusted basis.

Mortgage 437

Mortgage Government Contracts Inventory 437

Housing Wire

AUGUST 30, 2023

“Purchase applications increased but were still 27 percent lower than a year ago, as elevated mortgage rates and tight housing inventory continue to weigh on home-buying activity,” Kan added. Government refinance applications dropped more than 10% last week. Also noteworthy, a 7.9%

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

APRIL 5, 2024

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. March home sales look to be tracking below last year’s levels even as inventory is starting to increase. As a result, mortgage rates are likely going to stay elevated for longer.”

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Mortgage Transportation Construction Housing Market 337

Housing Wire

MARCH 8, 2024

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. “While unemployment is still low, the leverage held by workers is weakening,” Bright MLS chief economist Lisa Sturtevant said in a statement. Home sales recorded the lowest activity in 2023 in nearly 30 years.

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Transportation Retail Housing Market Construction 446

Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. Housing demand remains strong as the year comes to an end amidst tight inventory and steep home-price growth,” Kan said. Refinances represented 63.3%

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Inventory Contracts Government Mortgage 406

Housing Wire

APRIL 2, 2024

Because of the lack of inventory and multiple offers, the NAF Cash product will give an advantage for my clients over other butter that cannot make a cash offer,” said Steinway. Founded in 2003 by Rick Arvielo and his wife, Patty Arvielo , NAF offers a variety of conventional, government, adjustable-rate and non-qualified mortgages.

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Loan Officers Retail Finance Buyers 414

Housing Wire

JUNE 2, 2021

Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said. “The government purchase index declined to its lowest level in over a year and has now decreased year over year for five straight weeks.

Mortgage 543

Mortgage Contracts Inventory Construction 543

Housing Wire

MAY 5, 2021

MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan called last week’s mortgage activity “a mixed bag,” between rates , loan sizes, and government purchase applications. Both conventional and government purchase applications declined, but average loan sizes increased for each loan type.

Mortgage 417

Mortgage Contracts Government Inventory 417

Housing Wire

JUNE 8, 2022

Only government refinances saw a slight increase last week,” Kan said. The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019.

Mortgage 395

Mortgage Inventory Contracts Retail 395

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. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

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Inventory Law Housing Market Design 544

Housing Wire

NOVEMBER 3, 2023

In October, health care, government, and social assistance posted some strong job gains. Builders are benefitting from a lack of re-sale inventory as existing homeowners remain rate-locked in.” In August, it was revised down by 62,000, from +227,000 to +165,000. What to expect in the housing market ? “The

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Marketing Construction Housing Market Government 399

Housing Wire

APRIL 12, 2021

Additionally, the COVID-19 pandemic disrupted the natural housing market supply, keeping inventory lower than it usually would be. Low inventory, low mortgage rates, and built-in demand — what do you think would happen with home prices given this perfect storm? The post Should government help create housing market supply?

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Housing Market Government Marketing Inventory 462

Housing Wire

APRIL 19, 2023

However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. in the conventional market, but decreased by 14% in the government space. As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. the week prior.

Buyers 383

Buyers Mortgage Marketing Inventory 383

Housing Wire

SEPTEMBER 1, 2021

The seasonally adjusted purchase index dropped 2% compared to the previous week and was 16% lower than it was a year ago, largely due to soaring prices and paltry inventory. Even with a slight increase, purchase activity hit its highest level since early July, as applications for conventional and government loans increased.”

Inventory 391

Inventory Contracts Government Mortgage 391

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%, 1%, MBA said.

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023.

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Inventory Housing Market Marketing New Listings 437

Housing Wire

MARCH 13, 2024

Real estate professionals need no reminder of how catastrophic high rates have been for housing inventory , sales and prices. In its February forecast, the government-sponsored enterprise still foresees mortgage rates falling below 6% — an important milestone for many housing experts — by the fourth quarter of this year.

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Housing Market Real Estate Mortgage Government 436