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. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

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Inventory Renovations Real Estate Government 484

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up.

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Housing Market Marketing Inventory Lending 459

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Fannie Mae ‘s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home. With only 1.3

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Inventory Lending Real Estate Housing Market 359

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. 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.

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Housing Market Marketing Inventory New Listings 391

Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt.

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Housing Market Marketing Inventory Construction 545

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Housing Market Marketing Loan Officers Mortgage 448

Housing Wire

MARCH 6, 2023

Home prices fell in January, pulling back by 0.24% from December to mark the smallest monthly decline in seven months, according to Black Knight ‘s mortgage monitor report. About 25% fewer homes were listed for sale in January than normal, which is why inventory fell last month, despite home sales hitting more than a seven-year low.

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Housing Market Marketing Inventory Sellers 409

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment.

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Housing Market Marketing Contracts Finance 423

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. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Market Marketing Insurance Mortgage 458

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

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Realtors Housing Market Marketing Buyers 411

Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Last month, purchase locks accounted for 88% of the market mix, marking a record high.

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Mortgage Housing Market Inventory Lending 438

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

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Housing Market Marketing Loan Officers Buyers 321

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). Home lending revenues declined to $3.3

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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. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

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Marketing Mortgage Investors Sellers 415

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. from the week prior.

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Mortgage Contracts Inventory Lending 459

Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Department of Agriculture fell by.1%,

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Mortgage Lending Government Contracts 542

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

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Loan Officers Mortgage Inventory Clients 415

Housing Wire

FEBRUARY 24, 2023

Mortgage delinquencies were down across the board in January, with the overall national delinquency rate declining to 3.38%, a drop of 10 basis points from December, according to Black Knight ’s month-end mortgage performance statistics. Inventories that were 90-plus days late on mortgage payments increased largely in Florida.

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Mortgage Inventory Lending Marketing 408

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Insurance Inventory Mortgage Lending 354

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. All about the rates.

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Mortgage Inventory Real Estate Technology 518

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire.

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Mortgage Retail Technology Lending 337

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 group’s Mortgage Credit Availability Index rose.6% Presented by: Citibank.

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Buyers Mortgage Housing Market Government 521

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Overall, record low mortgage rates are still fanning the refi flame regardless of who’s snagging the offer. The average LO managed to produce $2.6

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Mortgage Lending Training Inventory 542

Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare.

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Inventory Housing Market Lending Buyers 472

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 Market Marketing Construction Insurance 426

Housing Wire

JULY 15, 2021

Mortgage credit availability dipped 8.5% in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. “Mortgage credit has not recovered since the sharp downturn in the first half of 2020,” Kan said.

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Mortgage Government Inventory Lending 482

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. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 376

Mortgage Marketing Investors Lending 376

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. The roots of racial disparities in housing and mortgage markets run deep. Justice Department charges of fair-lending violations.

Mortgage 514

Mortgage Lending Real Estate Agent Government 514

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Valuation Housing Market Renovations 529

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1%

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Mortgage Housing Market Buyers Sellers 447

Housing Wire

AUGUST 25, 2022

Did you just begin your career as a mortgage loan officer and need the answers to questions you didn’t even know you had? 3-5, HW Annual is the epicenter of all things housing, and it is taking place in Scottsdale, AZ. Reaching Homebuyers in a Purchase Market. Housing Market Super Session. Happening Oct.

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Loan Officers Mortgage Housing Market Real Estate 394

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I

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Mortgage Loan Officers Inventory Retail 395

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

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Technology Mortgage Tools Insurance 375

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

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Mortgage Retail Loan Officers Brokerage 385

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. 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

MAY 18, 2023

From serving delicious food to serving career-changing mortgage data like no one else can, Mohtashami is a force to be reckoned with. Mohtashami has a passion for sharing his mortgage and housing economy knowledge. Prior to his time at HousingWire, Mohtashami worked as a senior loan manager for AMC Lending Group.

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Inventory Housing Market Mortgage Lending 359

Housing Wire

JANUARY 28, 2021

The average mortgage rate for a 30-year fixed loan fell four basis points last week to 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. This is the second week mortgage rates have ticked downwards since Jan. The 15-year fixed mortgage rate also shifted downward to 2.2 Presented by: Acra Lending.

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Mortgage Lending Construction Inventory 448