Housing Wire

JUNE 30, 2022

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. Our brokers are our partners.

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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 Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. 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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Housing Wire

SEPTEMBER 27, 2022

Because these solutions handle all operational logistics and resources, they open up new lending options, which many local lenders would likely not build on their own due to the associated cost, resources required, compliance burden, access to secondary market investors needed and more.

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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. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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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. billion in 2021 to $9.6

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Housing Wire

FEBRUARY 9, 2021

Non-QM lending is poised for growth in 2021. HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. Now, many investors are once again returning to the non-QM space. in January.

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Housing Wire

NOVEMBER 9, 2023

According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year. Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year.

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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 helps attract ongoing investment capital into the housing sector.

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Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans was acquired by investment firm Pretium in November 2021.

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Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” billion in 2023, an increase from $2.1 billion last year.

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

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Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Despite early jitters, fears of a housing market slump proved unfounded. Its home-lending business sported $1.71

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Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

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Housing Wire

SEPTEMBER 1, 2023

Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward. Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success.

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Housing Wire

MARCH 16, 2023

But what is there to expect ahead for the housing market? Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage at 6.60% as of March 16, down 13 basis points from the previous week. . “Housing contributes to 45% of inflation, a share that has grown for months. by mid-week.

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Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud.

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Housing Wire

OCTOBER 27, 2021

Non-QM product knowledge has continuously grown nationwide with not only those in the lending community but with borrowers alike. As non-QM lending increases in popularity, it’s a great opportunity for brokers to jump in and grow their business by offering a wider selection of loan products. Know your products.

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Housing Wire

SEPTEMBER 24, 2021

As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase. Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. The only problem?

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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. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Housing Wire

JULY 12, 2023

High tappable home equity — the amount available for homeowners to access from their home while retaining at least 20% equity in their homes — has been a bright spot in a bleak housing market due to stubborn inflation and high interest rates.

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. The days on market were too low.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

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Housing Wire

APRIL 10, 2023

“This continues to be an incredibly rate-sensitive housing market, and March’s rate lock activity perfectly illustrates this dynamic,” Andy Walden, vice president of enterprise research at Black Knight, said. by the end of the month, Black Knight’s Optimal Blue mortgage market indices showed. before dropping to 6.4%

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Housing Wire

MAY 26, 2021

DeVito was head of home lending at Wells Fargo at the time he stepped down from the depository bank. New GSE guideline updates to Fannie and Freddie forces them to cap the amount of second home and investor properties delivered at 7%. Presented by: Acra Lending. “I How new GSE guidelines will push more borrowers to non-QM.

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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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Housing Wire

JULY 15, 2022

Rocket’s expansion comes amid an expected slowdown in Canada’s housing market. Edison Financial is one of Rocket Mortgage’s first international expansions, according to an investor prospectus for Rocket Companies’ initial public offering in August 2020.

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Housing Wire

MARCH 22, 2023

In addition, the stress on smaller banks may result in tightening lending standards, requiring fewer rate hikes from the Fed to cool down the economy and combat high inflation. Impact on the housing market In the housing market, the bank collapses over the last few weeks have sent mortgage rates downward, though they remain volatile.

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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. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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Housing Wire

APRIL 30, 2021

New GSE guideline updates to Fannie Mae and Freddie Mac forces them to cap the amount of second home and investor properties delivered at 7%. That’s the view taken by Keith Lind, executive chairman and president of Acra Lending. This means a meaningful amount of supply will have to come to non-QM sector.

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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 Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. He described today’s non-QM market as a “very large bucket.”.

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Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Xactus’s addition of flood services comes after the solutions provider rolled out a monitoring program in June.

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Housing Wire

MARCH 20, 2024

As with investors strengthening their bets of an initial rate cut in June, that same sentiment is shared among housing pros. “I I anticipate that if inflation continues to be under control, the Fed will begin lowering rates in the second half of 2024,” said Rob Cook, vice president of marketing at Discover Home Loans.

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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. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

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Housing Wire

JULY 25, 2023

America’s fix-and-flip short-term property market is estimated to be worth as much as $68 billion a year, according to F2 Finance. The opportunity is interesting in the sense that there’s a housing shortage. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7

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