Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. Equity among mortgaged homes dropped by about $1.5 trillion in the second quarter of 2022. That figure declined by $1.17

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows. “The

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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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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw. year-over-year increase in home values. It is just a super tight housing market.

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Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. The financial terms of the transaction have not been disclosed.

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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. So, while the rate of home-price gains is trending downward, home values are still appreciating overall.

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Housing Wire

MARCH 14, 2022

Rate-term refinance lending activity was down for the fifth consecutive month – falling to the lowest level in three years – and is down 80% from 2021 levels. Cash-out locks – which have been somewhat insulated due to strengthening home values, were down 6.3% over last year. Presented by: SitusAMC. from the same time last year.

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Housing Wire

APRIL 10, 2023

HousingWire: How has the current market affected the way lenders approach customer relationships? Dustin Gray: You don’t have to be an economist to know it’s a challenging time to buy a home or get a loan. Home prices and interest rates are high, and most Americans are financially stretched thin.

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Housing Wire

MAY 17, 2022

home equity and mortgage markets. The demand for a simple and easy way to get instant feedback on a home value, available home equity, and instant loan decision while applying for a HELOC has become a business imperative,” Tim Smith, the co-founder and chief revenue officer of FirstClose, said in a statement. “We

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Housing Wire

JULY 26, 2021

The housing market is red hot. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. Differences in home equity account for a large chunk of the wealth gap, with Black families having only about one-eighth the net wealth of white families.

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Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. Also, visualize a world where many of these folks have now decided to buy a home with us. We monitor their mortgage rate because we know exactly what it is and where the market is at any given time.

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Housing Wire

OCTOBER 11, 2022

drop in cash-out refinance locks in September from the previous month, which is now down 78% from the same period in 2021, according to Black Knight ’s originations market monitor report. “Home prices are pulling back in a growing number of markets, but across the country, affordability remains a challenge,” Happ said.

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Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6 a year earlier.

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Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs.

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Clear Capital

APRIL 1, 2024

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. What is home equity lending?

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Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. The majority of its revenue comes from rents, set at market rates by using third-party data.

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Housing Wire

SEPTEMBER 7, 2022

We’re leaning in and investing while others are getting out … Being the first to market, building the tech and getting it into brokers’ hands is one example.”. . “What you’re seeing is lenders getting out of wholesale ,” said Austin Niemiec, executive vice president of Rocket Pro TPO. “We’re

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JMV Lending

AUGUST 11, 2023

Rates shot up because of Fed comments about inflation concerns yesterday and because of a higher-than-expected Producer Price Index print […] The post How Much Power Do Appraisers Have Over Market Values? appeared first on JVM Lending. Holy Rate Volatility, Batman!

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Housing Wire

SEPTEMBER 1, 2022

Home equity lending, an area traditionally dominated by depository banks, is becoming popular at non-depository banks as consumers are increasingly interested in home equity loans and home equity line of credit (HELOC) products to leverage theirr rising home values. .

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Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering the market are leaning heavily toward buying down their first lien interest rates by paying points up front. Prior to the pandemic, buyers paid closer to 0.5

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Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. They are businesses that lend money, borrow money and invest money that they hold on behalf of their customers. How Do Bank Failures Affect the Real Estate Market? What Happens when a Bank Fails?

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Empire Appraisal Group

NOVEMBER 9, 2023

Market Update Parkland and Coral Springs Q3 2023 Since 2005, Empire Appraisal Group, Inc. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appraisal experience.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

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Empire Appraisal Group

NOVEMBER 22, 2023

Pompano Beach and Deerfield Beach Market Update Q3 2023 Since 2005, Empire Appraisal Group, Inc. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appraisal experience.

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Housing Wire

MAY 9, 2022

Cash-out refinance activity, in contrast, is led by increasing home values by homeowners seeking to tap into their home equity. Black Knight’s monthly originations market monitor report showed a similar downward trend of mortgage rate locks. month over month, driven by a 50% drop in rate-term-refinance lending activity.

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Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. The year-over-year change may indicate that it is more difficult in the current environment to transition from renting to home ownership,” the survey said.

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Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Housing Wire

MARCH 23, 2022

HousingWire recently spoke with David Peskin, president of Reverse Mortgage Funding, who said entering the reverse mortgage business could allow originators to break into a growing market with significant demand that is largely untapped. David Peskin: As we all know, the housing market is booming right now.

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Housing Wire

FEBRUARY 28, 2021

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Lenders need to figure out now how they will retain borrowers in this increasingly competitive market. To succeed in 2021, lenders will need to protect market share.

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Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. By one estimate , the global cryptocurrency market, although volatile, is valued today at around $1.8

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Housing Wire

FEBRUARY 21, 2023

Dan was really focused on the marketing component. 13 announcement of his resignation , Farner, known as the marketing whiz behind groundbreaking “Push Button. One caveat: Farner’s successor will be tasked with getting the company on the right track amid one of the most challenging mortgage markets in decades. With the Feb.

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Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. A comparable market analysis can be prepared, or an appraisal can be performed. The average consumer may not know the difference between the two, however, home buyers and sellers need to know.

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Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The real estate market is nothing like it was back then. Current State of the Real Estate Market The real estate market is still sizzling hot. More people have equity in their homes.

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JMV Lending

MARCH 16, 2022

“I knew a guy who sold his house for $100,000 under the market value because he felt like it…” said nobody. My point is that no seller is ever going to knowingly sell a property for under market value in this day and age – when listing information is made available to everyone via […].

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Eppraisal

NOVEMBER 4, 2021

Why is it that a home loan applicant is politely shown the door by a branch of a national bank yet is approved for the same amount of money by another lender? The answer is that lending institutions are not all created in the same image. It benefits home loan shoppers to bone up on the differences among lenders.

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McKissock

MAY 13, 2022

Home Value Stories. The Home Value Stories podcast, hosted by residential real estate appraiser Jamie Owen, is designed for those who would like to learn more about real estate appraisals and other real estate-related topics. The Real Value Podcast is hosted by well-known real estate and appraiser coach, Blaine Feyen.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

Ideally, they should be comparable in terms of age condition, quality of construction, market appeal, and we must also ensure that these properties have no functional or external obsolescence because these things can impact the rate of depreciation of a property. REMAINING ECONOMIC LIFE FOR LENDING PURPOSES.

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