Housing Wire

JANUARY 8, 2021

Fear of this outcome is why, for the better part of the past 12 years, ATR safe-harbor determinations were, in large part, simply punted to the black box underwriting systems of the government-sponsored enterprises Fannie Mae and Freddie Mac. This approach has advantages: it’s simple, observable and verifiable.

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Housing Wire

NOVEMBER 3, 2023

In October, health care, government, and social assistance posted some strong job gains. What to expect in the housing market ? The continuing strength of the construction labor market may be surprising, but it’s reflective of broader housing market dynamics today,” First American Economist Ksenia Potapov said in a statement.

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Housing Wire

FEBRUARY 16, 2024

To take advantage of the shifting market, two key areas that loan originators should be focusing on are “nurturing and cementing relationships with preapproved borrowers,” said Tim Braheem, founder and chief content creator of The Loan Atlas. So, kind of like a turnkey kit to get in front of a one-to-many type situation.”

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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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Housing Wire

JUNE 2, 2023

today should be between 158 million and 159 million , or in a weaker labor market growth scenario, between 157 million and 158 million. Now let’s look at the labor market on all fronts from the data we got this week to get a comprehensive view of the labor market today. From the St.

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Real Estate News

SEPTEMBER 25, 2023

Housing market impacts could include mortgage delays, declining consumer confidence and — perhaps — a small dip in mortgage rates.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The market is a bit calmer now than when Silicon Valley Bank failed , evident in how the stock and bond markets traded this last week. While the labor market is getting less tight, it’s not broken yet.

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Housing Wire

FEBRUARY 8, 2021

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot. Here’s how to find property owners ready to sell.

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Housing Wire

MAY 5, 2023

Is the labor market finally normalizing? Jobs Friday data came in as a beat of estimates, but the labor market is clearly starting to come back to earth, killing the fear of 1970s wage spiral inflation. Part of my COVID-19 recovery model on the labor market was that job opening should reach 10 million in this recovery.

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Housing Wire

OCTOBER 6, 2023

The honey badger labor market woke up on Friday and chose violence, biting the legs of any job recession bear it could find. The first reaction from the bond market was to shoot up bond yields and mortgage rates went higher. labor market? However, as the day progressed, bond yields decreased from the peak. percent, the U.S.

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Marketing Mortgage Government 419

Housing Wire

JANUARY 29, 2024

While Fannie Mae expects mortgage rates to drop to below 6% by the end of this year, the government-sponsored enterprise also forecasts that if there isn’t significant supply growth and buyer demographics remain strong, home prices will rise once again. This interview was condensed and lightly edited for clarity.

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Housing Market Marketing Mortgage Investors 454

Housing Wire

DECEMBER 2, 2022

The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. This will be important to think about going into 2023, especially if the labor market does what the Federal Reserve wants it to do, which is slow down enough to create a job loss recession.

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Housing Wire

NOVEMBER 18, 2021

Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021. Still, the balance of the year looks promising for the private-label market, according to MAXEX. The post Why the private-label market will chill in 2022 appeared first on HousingWire.

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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 trillion agency MBS portfolio? The Feds existing $2.7

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Real Estate News

OCTOBER 10, 2023

Government policies and the rise of remote work contributed to declining affordability, but real estate agents have an opportunity to show their value.

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Housing Market Real Estate Agent Government Real Estate 276

Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. The Fed and U.S.

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Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. This assumes the spreads are wide as the mortgage-back securities market is still very stressed. This bond market is screaming at the Fed to cut rates. So, the market is wild and the Fed might not care what short-term rates are doing now. The economic data was OK last week.

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Housing Wire

APRIL 4, 2023

The Consumer Financial Protection Bureau (CFPB) issued a new policy statement on Monday that outlines standards for the legal prohibition of abusive conduct in consumer financial markets, summarizing over a decade of precedent. Abusive conduct prohibitions were established in the wake of the 2008 financial crisis.

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Housing Wire

DECEMBER 9, 2021

Compared to the previous week, the overall market composite index grew 2% on a seasonally adjusted basis. The post Mortgage rates move slowly despite tightening market appeared first on HousingWire. The decline is higher in refinance (36.5%) than in purchases (9.4%).

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Housing Wire

MARCH 1, 2024

government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. Attorneys for Hild and the government have been at odds for the better part of a year over restitution.

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Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. In response to Moody’s, NYCB president and CEO Thomas R.

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Housing Wire

AUGUST 2, 2023

Its aggressive inflation-crushing policy extinguished the greatest refi market in history – these days, nearly 90% of residential mortgage originations are purchase loans. For this exercise, I’ll be relying on Inside Mortgage Finance data and looking at origination volume, purchase market share percentage and the lender’s overall mix.

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Housing Wire

APRIL 19, 2023

With more first-time homebuyers in the market, we continue to see increased sensitivity to rate changes ,” Joel Kan , MBA’s vice president and chief economist, said in a statement. in the conventional market, but decreased by 14% in the government space. retail residential mortgage applications. last week.

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Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde is a vice president and director of capital markets with Dart Bank , a position she held since August 2022.

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Housing Wire

JANUARY 25, 2022

But a major part of the letter dealt with a broader issue that CHLA believes merits much more public and Congressional discussion than it is getting: What is the proper role of Fannie and Freddie and what authority should FHFA have or exercise to shrink the GSEs’ market footprint? The other main option for 30-year mortgages is the PLS market.

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Housing Wire

APRIL 10, 2024

the new program starts on May 31 and will result in a government subsidy reduction of approximately $1.5 Still, for the Department to be able “to set an interest rate below market,” it has to “take the asset back.” They also mention impacts on the federal budget. According to the V.A., billion from 2024 to 2033. In response to the V.A.

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Housing Wire

SEPTEMBER 15, 2021

He also noted that volume for both conventional and government purchase applications increased last week, as did the average loan size for a purchase application, rising to $396,800. The very competitive purchase market continues to put upward pressure on sales prices,” Kan added. of total applications from 66.8% from 10.9% a week ago.

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Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. But to understand the stability that the secondary market brought during a world-wide pandemic, you first have to look back at 2008. Think of it as the underdog quickly becoming the hero of the story.

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Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. 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. This assumes the spreads are wide as the mortgage back securities market is still very stressed. The channel level still looks correct.

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Housing Wire

JANUARY 5, 2023

residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. Major factors that will shape the RMBS market include a dramatic reduction in origination volume and mortgage lenders exiting the business , according to a report from DBRS Morningstar on the outlook of the industry. .

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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. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

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Mortgage Marketing Investors Lending 358

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. All government-backed loans are eligible for assumption by law, comprising about one-third of mortgages in the U.S. So why is this program so rare?

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Urban

JUNE 16, 2021

Data show that flat-out rejection of buyers seeking government-backed loans disadvantages households with lower incomes, lower credit scores, and less wealth, many of whom are people of color.

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Housing Wire

JANUARY 18, 2024

“Because that was one of the things I mentioned in my paper: one thing that’s urgently needed is to have this liquidity facility so that lenders — when they buy loans out of pools at ninety-eight percent — they can actually turn around and use them as collateral, again, for a government-guaranteed security.” That’s all it says.”

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Housing Wire

JULY 10, 2022

Just how bad was the mortgage market in June , when rates climbed north of 6%? June’s data represents how interest rate-dependent the originations market has become, said Scott Happ, president of Optimal Blue, a division of Black Knight. Black Knight’s monthly market monitor reports provide origination metrics for the U.S.

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Mortgage Marketing Home Value Government 357

Housing Wire

JULY 20, 2021

Mortgage professionals never know what the industry will throw at them, so staying on top of market shifts can help originators prepare for what’s to come. De-risking efforts by GSEs, migration shifts, demographic changes and more are pushing the market to adapt to meet the needs of today’s borrowers. Changing Borrower Activity.

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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