Housing Wire

OCTOBER 10, 2023

Chicago-based Guaranteed Rate raised agency conforming loan limits to $750,000 on Monday, representing an increase of 3.2% We raised the conforming loan limits to $750,000 on our Fannie Mae and Freddie Mac 30-year fixed. According to Amor, raising the loan limits lets G-Rate “move closer to the general market.” “But

Finance 354

Finance Mortgage Marketing 354

Housing Wire

NOVEMBER 5, 2021

Morgan Mortgage Trust , so far this year has sponsored 13 private-label securitization offerings backed by jumbo loans valued at $13.8 Those offerings, current through the end of October, involved more than 14,000 jumbo mortgages, according to bond-rating agency presale reports. The data show that J.P. Become a member today.

Marketing 510

Marketing Investors Mortgage Housing Market 510

Housing Wire

AUGUST 8, 2023

Simultaneously, liquidity concerns persisted for some jumbo lenders. As a result, many companies tried to reduce their operational costs by narrowing their loan product offerings, according to Joel Kan, Mortgage Bankers Association ’s vice president and deputy chief economist. last month. “One

Mortgage 306

Mortgage Government Lending 306

Housing Wire

JANUARY 17, 2024

Mortgage rates at their lowest level in three weeks led to an increase in borrowers’ demand for home loans last week, spreading some optimism in the industry in the first few weeks of 2024. Rates on jumbo loans (greater than $766,550) fell to 6.86% from 6.98% on a weekly basis. in the week ending Jan. ” .”

Mortgage 428

Mortgage Retail Investors Marketing 428

Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. The regulator compares home prices year over year and adjusts the limit by the corresponding amount.

Finance 532

Finance Government Law Mortgage 532

Housing Wire

JANUARY 31, 2024

“Low existing housing supply is limiting options for prospective buyers and is keeping home-price growth elevated, resulting in a one-two punch that continues to constrain home purchase activity.” Meanwhile, rates on jumbo loans (greater than $766,550) also remained unchanged at 6.94%.

Mortgage 392

Mortgage Retail Buyers Finance 392

Housing Wire

APRIL 7, 2023

Shrinking wholesale lender Homepoint is closing its mortgage origination business and will sell its origination-focused assets to competitor The Loan Store , the company announced on Friday. We believe this is the best decision for our company to continue to deliver value to Home Point shareholders.”

Business 521

Business Investors Mortgage Marketing 521

Housing Wire

JUNE 28, 2023

New home sales have been driving purchase activity in recent months as buyers look for options beyond the existing-home sales market, which has historically low levels of inventory. Last week, mortgage rate changes varied across loan types, with the 30-year fixed rate increasing slightly to 6.75% from 6.73%. from 13.3%

Mortgage 352

Mortgage Inventory Sellers Buyers 352

Housing Wire

JULY 28, 2022

United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. This is the second jumbo ARM the Michigan lender has introduced in the last year. I just bought a home at 3.375%, 0.5%

Real Estate Agent 372

Real Estate Agent Realtors Mortgage Appraisal 372

Housing Wire

DECEMBER 12, 2023

Jumbo rates fell 34 bps to 7.61%, FHA dropped 54 bps to 6.90%, and VA dropped 61 bps to 6.79%. The recent decline in rates incentivized borrowers who took out loans over the last few months to refinance – driving up refi volume by 2% month over month to reach its highest level since February.

Mortgage 420

Mortgage Inventory Sellers Marketing 420

Housing Wire

JUNE 21, 2023

First-time homebuyers account for a large share of FHA purchase loans, and this increase is a sign that while buyer interest is there, activity continues to be constrained by low levels of affordable inventory.” For jumbo loan balances (greater than $726,200), the rate jumped to 6.80% from 6.79% in the same period, according to the MBA.

Mortgage 351

Mortgage Inventory Construction Buyers 351

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. This was a reversal of the previous week’s trend, when homebuyers’ loan demand increased by 5.3%. Rates on jumbo loans (greater than $726,200) rose to 6.28% from 6.26% on a weekly basis.

Buyers 362

Buyers Mortgage Marketing Inventory 362

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

Mortgage 469

Mortgage Lending Government Loan Officers 469

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Founded in 2019, The Loan Store offers mortgage products including conventional, jumbo, VA and non-QM loans.

Lending 375

Lending Design Government Tools 375

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. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency loans. Jumbo products. Acra Lending is doing what it can to help free up inventory.

Housing Market 427

Housing Market Marketing Inventory Lending 427

Housing Wire

OCTOBER 12, 2021

Much of the growth in credit availability has come from loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic. Of the component indices of the conventional index, the jumbo MCAI increased by 5.8%, the highest level since March 2020, and the conforming MCAI rose by 2.6%.

Government 501

Government Mortgage Investors Buyers 501

Housing Wire

MAY 11, 2021

The MCAI on conventional loans increased 4.8%, while MCAI on government loans increased by 0.1%. Of the two component indices of the conventional MCAI, the jumbo MCAI increased by 6.9%, and the conforming MCAI rose by 12.6%, the MBA said. The conforming and jumbo loan indices jumped 7% and 13%, respectively.

Mortgage 501

Mortgage Lending Housing Market Government 501

Housing Wire

OCTOBER 12, 2023

Total loan volume fell 33% over the same period compared to a year ago. ““The Purchase lock counts – which exclude the impact of rising home prices – were down 32% year over year, and 39% from pre-pandemic levels in 2019. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

Mortgage 346

Mortgage Marketing Buyers Finance 346

Housing Wire

AUGUST 25, 2022

That has contributed to UWM’s competitors taking losses on loans when they can least afford it. During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans.

Mortgage 392

Mortgage Loan Officers Finance Investors 392

Housing Wire

JULY 15, 2021

. “The reduction in credit availability came as a result of GSE policy changes — which reduced the availability of high LTV refinance loans, impacting both conforming loans and GSE-eligible high balance loans.” Kan added that the “full impact” of new loan programs remains to be seen.

Mortgage 454

Mortgage Government Inventory Lending 454

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Then, we have all the traditional financing options, including jumbo.” 4-7, in Las Vegas.

Mortgage 468

Mortgage Real Estate Agent Renovations Finance 468

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. and USDA loan applications decreased to 23.6%

Government 393

Government Mortgage Housing Market Retail 393

Housing Wire

OCTOBER 6, 2022

But qualifying borrowers can get lower rates with jumbo mortgages, as the spreads between these loans and the conforming option widened again this week. Meanwhile, given that jumbo loans are usually for higher income homebuyers, the current landscape is of extreme affordability challenges. All about the spread.

Mortgage 362

Mortgage Marketing Loan Officers Retail 362

Housing Wire

SEPTEMBER 21, 2020

Millions of homeowners still have a sizeable incentive to refinance, given the difference between the rate on their current loan and available market rates. That is why homeowners, in the aggregate, have gained more than $10 trillion in home equity over the past decade. Even prior to the imposition of this fee, now effective on Dec.

Government 542

Government Mortgage Marketing Housing Market 542

Housing Wire

NOVEMBER 15, 2023

The wholesale lender will cover up to $600 of the appraisal cost on all conventional and government-backed home loans until March 31 when a broker uses UWM’s 1-0 temporary rate buydown. Later that year, the wholesale lender provided temporary rate buydowns for jumbo loans , and expanded options to 3-2-1 and 1-1 buydowns.

Appraisal 393

Appraisal Real Estate Agent Sellers Government 393

Housing Wire

DECEMBER 10, 2021

While there was an increase in loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic, that was offset by a the decline in credit availability through government loans programs. The MBA Mortgage Credit Availability Index overall fell by 0.6% in November.

Mortgage 395

Mortgage Government Inventory Investing 395

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 366

Loan Officers Clients Mortgage Construction 366

Housing Wire

JANUARY 25, 2023

Lower mortgage rates The Mortgage Bankers Association (MBA) reported on Tuesday that the average contract interest rate for 30-year fixed mortgages with conforming loan balances ($726,200 or less) decreased to 6.20% for the week ending January 20, down from 6.23% in the previous week.

Buyers 474

Buyers Mortgage Real Estate Agent Contracts 474

Housing Wire

FEBRUARY 21, 2024

Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher home values in this supply-constrained market.” Meanwhile, rates on jumbo loans (greater than $766,550) increased to 7.16%, up from 7%. last week, down from 13.4% the week prior.

Mortgage 417

Mortgage Retail Home Value Marketing 417

Housing Wire

JUNE 10, 2021

The MCAI on conventional loans increased 3.5%, while MCAI on government loans increased by 0.3%. Of the two component indices of the conventional MCAI, the jumbo MCAI increased by 5.1%, and the conforming MCAI rose by 1.6%, the MBA said. However, housing demand is still far outpacing supply, Kan said.

Mortgage 461

Mortgage Government Lending Housing Market 461

Housing Wire

DECEMBER 13, 2023

mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. FHA rates were at 6.759% and rates for jumbo loans were even higher, at 7.333%.

Government 385

Government Mortgage Clients Investing 385

Housing Wire

MARCH 17, 2021

In concert with its ultimatum to brokers that they not use Rocket Pro TPO and Fairway Independent Mortgage , United Wholesale Mortgage on Wednesday officially released a new jumbo product. We’re excited about the launch of Prime Jumbo and the competitive edge it’s giving brokers around the country,” said Mat Ishbia, president and CEO of UWM.

Retail 407

Retail Mortgage Investing Business 407

Housing Wire

OCTOBER 1, 2021

PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels. According to PennyMac, for a one-unit property a borrower could receive $625,000, an increase of almost $75,000 from the maximum loan limit dictated by the Federal Housing Finance Agency (FHFA).

Finance 454

Finance Lending Mortgage Marketing 454

Housing Wire

FEBRUARY 28, 2024

California is home to roughly 39 million people, making it by far the nation’s most populous state. of its occupied homes were owner-occupied, the third lowest percentage in the U.S. Landing a California home is hard and expensive – especially in San Diego. Mortgage With fewer listings come fewer home sales.

Marketing 416

Marketing Mortgage Realty Brokerage 416

Housing Wire

DECEMBER 21, 2022

United Wholesale Mortgage (UWM) has expanded temporary buydown options for jumbo loans at a time when mortgage rates are still high and borrowers have increased negotiating power. UWM is one of many lenders to roll out temporary buydowns in recent months in a bid to drum up more business.

Sellers 350

Sellers Real Estate Agent Mortgage Real Estate 350

Housing Wire

MARCH 13, 2023

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. Despite the monthly dollar volume increase in February, purchase lock counts — which exclude the impact of home prices — are down 42% from last year and below 35% from pre-pandemic levels of 2020. “As

Mortgage 349

Mortgage Inventory Lending Marketing 349

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. VA loans are 12% of the mortgage market,” Garg said. “VA Eligible U.S.

Loan Officers 349

Loan Officers Finance Mortgage Lending 349