Housing Wire

MAY 20, 2024

“Elevated interest rates have been a challenge across financial markets, and the housing market is no exception.” “Elevated interest rates have been a challenge across financial markets, and the housing market is no exception.”

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Mortgage Modernization Housing Market Finance 351

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. Roughly 36.3%

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Housing Market Mortgage Marketing Inventory 370

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Housing Market Mortgage Marketing Real Estate 311

Housing Wire

SEPTEMBER 23, 2020

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3% of total applications from 62.8% from 3.07%.

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Housing Market Mortgage Contracts Marketing 534

Housing Wire

AUGUST 1, 2022

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing market would likely slow further in the coming months if mortgage rates remain persistently high. Presented by: Black Knight.

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Housing Market Marketing Inventory Technology 360

Housing Wire

JULY 13, 2022

June was a volatile month for mortgage rates and for lenders having to adapt quickly to changing conditions. Other top stories looked to make sense of the new environment, including: · How mortgage lenders are navigating life at 6%. · Housing starts data raises 5th recession red flag. CFPB to review QM rule.

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Housing Market Marketing Realtors Technology 326

Housing Wire

AUGUST 18, 2020

The electronic appraisal delivery technology is part of our vision to build out the FHA Catalyst platform to expand the effectiveness of our data collection and analysis capabilities,” said Department of Housing and Urban Development Chief Information Officer David Chow.

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Technology Appraisal Property Appraisal Finance 408

Housing Wire

NOVEMBER 15, 2022

Insightful borrower data and enhanced tech solutions are paramount to success in today’s modern mortgage industry. HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. .

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Housing Market Marketing Loan Officers Tools 382

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. “The

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Housing Market Marketing Construction Real Estate 324

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. billion, according to offering documents.

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Housing Market Marketing Contracts Finance 374

Housing Wire

JANUARY 6, 2023

Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. And that could spell trouble for the housing market in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Mortgage brokerages, meanwhile, shed about 2,300 jobs in November.

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Housing Wire

JUNE 16, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Recently, Bergen County has been home to one of the hottest housing markets in the country. Although the market in Walton County cooled in the later part of 2022 and in the early months Pasadena, Calif.

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Housing Market Marketing Inventory Transportation 304

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. Presented by: MCS .

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Housing Market Marketing Realty Realtors 428

Housing Wire

MAY 7, 2021

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, decreased by 2.7 Last year, the market experienced record-breaking volume. A larger percentage of HPSI respondents — 54% — believe mortgage rates will go up.

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Housing Market Marketing Inventory Design 353

Housing Wire

OCTOBER 7, 2022

With mortgage rates on the rise, mortgage professionals have been dealing with their fair share of challenges this year. Williams IV : Mortgage market volatility should not be having a huge impact on quality deal flow if your tech stack is tried and true. utilizing data to help improve deal flow in today’s market?

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Housing Market Real Estate Agent Marketing Real Estate 326

Housing Wire

OCTOBER 4, 2022

As more of the mortgage process becomes digital, RON has been proving to be a powerful part of the tech transformation for industry professionals. As an industry, we observed first-hand during the pandemic the transformative power technology has over the mortgage origination process, especially with the borrower’s experience at closing.

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Housing Market Marketing Real Estate Investors 339

Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Windsor, Ontario-based Edison Financial will officially change its name to Rocket Mortgage Canada and operate as Rocket Mortgage on August 8.

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Brokerage Mortgage Real Estate Lending 366

Housing Wire

SEPTEMBER 27, 2022

In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. counties , local lenders help millions of people access resources and services necessary to buy a house.

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Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

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Housing Wire

AUGUST 31, 2021

In light of the state of the housing market, HousingWire sat down with Nomis Solutions Chief Revenue Officer Matt Woolley to discuss why agility, speed and a better customer experience are more important than ever. HousingWire: What about today’s housing market makes speed and agility so crucial for lenders?

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Housing Market Marketing Architecture Sellers 369

Housing Wire

OCTOBER 1, 2021

But for the past 12 months, the metro’s housing market has been in complete chaos. “It The Provo-Orem market is growing at a faster rate per capita than really anywhere else in the state of Utah, including our capital, Salt Lake City.”. I think by the end of next summer, we’re going to know what this market really is.”.

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Housing Market Marketing Agents Real Estate 414

Housing Wire

AUGUST 9, 2023

With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts. Mortgage payoff fraud occurs when a title company mistakenly sends a mortgage payoff to a fraudulent bank account after receiving wiring instructions that appear to be from the mortgage servicer. The firm caught $1.9

Mortgage 366

Mortgage Real Estate Sellers Technology 366

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

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Sellers Mortgage Technology Buyers 404

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. rebranded as Rithm Capital ). As of March 8, according to Commerce Bank , the prime rate was 7.75%.

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Housing Market Marketing Contracts Lending 352

Housing Wire

JUNE 30, 2021

And due to today’s booming housing market, they’re having to do even more. CF Wholesale provides brokers with the resources and technology to drive their business and serve their clients. From maintaining customer relationships to preparing documents, brokers do it all. Karl Benjamin, Senior Vice President of Wholesale Lending.

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Technology Clients Lending Business 311

Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. As the year comes to a close, the housing market is proceeding steadily.

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Mortgage Technology Housing Market Marketing 448

Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

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Technology Contracts Insurance Government 336

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 295

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE attributed “an analog to digital conversion occurring in the U.S. from Q3 2022’s $276 million.

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Business Mortgage Technology Real Estate Agent 246

Housing Wire

MARCH 1, 2023

For more than a decade, HousingWire’s Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries. Their groundbreaking technologies and visionary ideas are transforming the way we buy, sell and finance homes.

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Mortgage Valuation Technology Appraisal 343

Housing Wire

NOVEMBER 6, 2023

Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology ’s November Mortgage Monitor report. of the median household income to afford monthly mortgage payments, making housing the least affordable it’s been since 1984.

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Mortgage Inventory Technology Lending 369

Housing Wire

MAY 5, 2022

Mortgage rates are increasing and demand is beginning to level out. The residential real estate market is shifting, creating uncharted territory for lenders who’ve relied on a housing boom and refinancing to keep them in business. The days of 45-60 day processing times in mortgage lending will simply not satisfy, nor survive.

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Mortgage Buyers Technology Lending 348

Housing Wire

JULY 7, 2022

Purchase mortgage rates this week continued their recent downward trend, dropping 40 basis points to 5.30%, according to the latest Freddie Mac PMMS Index. The PMMS, a government-sponsored enterprise index, accounts solely for purchase mortgages reported by lenders during the past three days. Refi apps decreased 7.7%

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Mortgage Government Technology Housing Market 445

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

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Mortgage Loan Officers Inventory Business 438

Housing Wire

MARCH 22, 2021

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. For the year, 45% expressed concern they wouldn’t make the rent or mortgage.

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Mortgage Landlords Tenants Housing Market 545

Housing Wire

JULY 14, 2022

The rollercoaster continues for mortgage rates. After falling 40 basis points last week to 5.30% , purchase mortgage rates climbed back up this week to 5.50%, according to the latest PMMS survey from Freddie Mac. Mortgage rates of all stripes moved north on Wednesday following the CPI news. Presented by: Polly.

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Mortgage Loan Officers Housing Market Government 355

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 377