Housing Wire

APRIL 4, 2022

South Carolina-based Movement Mortgage laid off around 170 employees in March, another case of a top-25 mortgage lender paring back its workforce due to a more challenging origination landscape. . compared to the previous year, according to Inside Mortgage Finance. The higher-rate landscape is affecting all mortgage companies.

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Housing Wire

NOVEMBER 4, 2021

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %. Rising mortgage rates have already begun to sap demand. for the week ending Oct.

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Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. The MBA has forecast purchase mortgage volume to hit a record $1.73

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Mortgage Supply Chain Inventory Development 440

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 in 2022.

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Housing Wire

MAY 7, 2021

HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. Regardless, a gain is a gain, and the Bureau of Labor Statistics reported nearly eight million jobs are open for those seeking to reenter the market.

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Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. As labor and supply chain shortages also extend the timelines and budgets of projects, homeowners are favoring flexible financing options.

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Housing Wire

SEPTEMBER 15, 2023

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” Validation : Mortgage is a manufacturing process with end products dependent on accurate information. What’s next?

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Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. Last week, mortgage applications decreased 3.9%

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Mortgage Supply Chain Inventory Finance 505

Housing Wire

APRIL 28, 2022

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. Horton’s markets.

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Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

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Mortgage Supply Chain Inventory Investors 381

Housing Wire

APRIL 8, 2021

mortgage rate dropped five basis points last week to 3.13%, according to Freddie Mac’s Primary Mortgage Market Survey. It’s the first decline in mortgage rates in two months. Traders were hesitant in the market ahead of the Fed releasing its March FOMC minutes as many monitored talks of inflation.

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Housing Wire

NOVEMBER 10, 2022

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! This of course led some people to believe that bond yields and mortgage rates would go much higher today. year-over-year growth.

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Housing Wire

DECEMBER 22, 2020

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. But blockchain is also being increasingly adopted by tech companies in the mortgage space seeking to revolutionize and disrupt the industry. Friedman HW+ Columnist.

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Housing Wire

AUGUST 17, 2023

Mortgage rates continued to climb this week as U.S. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.09% as of August 17, up from last week’s 6.96%. Other indices showed even higher mortgage rates.

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Housing Wire

JANUARY 6, 2022

The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. Measuring the housing deficit.

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Housing Wire

FEBRUARY 2, 2022

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. The average 30-year fixed mortgage interest rate is about 3.6%, according to a Freddie Mac survey.). The homebuilder’s trade group continues to refer the supply chain as a “crisis.”. in December.

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Housing Wire

FEBRUARY 9, 2023

Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point for this cycle of the housing market. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%.

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Housing Wire

JANUARY 2, 2024

When will the mortgage industry know it has reached the tipping point where innovation is no longer a competitive advantage but an existential need? Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Everyone works together.

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Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. The most likely outcomes include: Lenders: Fewer than 50 mortgage lenders will transition to a federated model that enforces the controls necessary for secure cross-industry interoperability.

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Housing Wire

DECEMBER 13, 2022

It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. from a year ago, suggesting that supply-chain issues may be easing. 2023’s forward thinkers are investing in mortgage tech now. Housing market observers are watching closely.

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Appraisal Buzz

SEPTEMBER 20, 2021

For the second month in a row, expectations for near-term real GDP growth have been revised downward – and outward – due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group.

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Housing Wire

JANUARY 11, 2024

As I have stressed time and time again, when the market believes the Federal Reserve is done hiking rates, the markets make a big move lower with the 10-year yield and mortgage rates. Over time, shelter inflation will fade as more supply comes onto the market.

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Housing Wire

MARCH 3, 2023

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Put those disco pants back in the closet; this isn’t the 1970s, John, and the bond market has been saying this to anyone who would listen. This is a good question because the answer can clear many things up with inflation and mortgage rates.

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Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. 5 predictions for the 2022 housing market. 2022 Forecast series.

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Housing Wire

DECEMBER 30, 2021

Projecting the outlook for the housing market in the coming year, including prospects for the secondary market for mortgage-backed securities, can be an exercise in crystal-ball gazing, but one indicator key to bringing clarity to that crystal ball is the direction of interest rates. nance market and toward purchase loans.

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Housing Wire

APRIL 8, 2022

A stunning rise in mortgage rates, historically low levels of inventory , and skyrocketing housing prices are fueling consumer pessimism. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 2.1 It’s a depressing combination. points to 73.2

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Housing Wire

OCTOBER 13, 2021

billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday. Jeremy Barnum, chief financial officer at Chase, said during the company’s third quarter earnings call that the increase reflects “record purchase volume and share gains in the refi market.”.

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Supply Chain Mortgage Retail Valuation 280

Housing Wire

MAY 12, 2022

A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house. The portion of mortgaged homes that were equity rich rose from 41.9% About 44.9%

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Housing Wire

FEBRUARY 1, 2022

Consumer desire for homeownership paired with a low supply of for-sale homes were the main contributors to a red-hot housing market in 2021. However, the data vendor said that the market is beginning shift. In other words, the market and home price appreciation will start to normalize. “As months of supply.

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Housing Wire

DECEMBER 7, 2021

The Federal Reserve Bank of New York later this week plans to sell up to $90 million in agency mortgage-backed securities (MBS) now held in portfolio, a small sale, but still an interesting move in the current economic climate. . Nothing even close to that is happening now.”.

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Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. The days on the market to sell a home is too low.

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Housing Market Marketing Supply Chain Inventory 310

Housing Wire

SEPTEMBER 23, 2022

The data offer market observers an important insight into the direction of inflation and recession concerns “as it reflects whether industries are growing or shrinking, as well as supply and demand,” according to financial advisory firm Mortgage Capital Trading. MCT projected Friday morning, Sept.

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Housing Wire

OCTOBER 11, 2021

Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). The share of independent mortgage bank loans in forbearance fell 37 basis points to 2.82%. 3, 73% of the first-mortgage servicing market.

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Supply Chain Mortgage Marketing 496

Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. from April, and up 5.7% from May 2022, to 1.63 million. “Our

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Supply Chain Construction Buyers Mortgage 347

Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. But according to Doug Duncan, chief economist at Fannie Mae , it’s not going to be just one of these factors that brings the market back to some semblance of normalcy. In doing so, he noted, three-quarters of the supply chain simply wasn’t produced.

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Supply Chain Housing Market Marketing Inventory 328

Housing Wire

FEBRUARY 18, 2022

The supply of homes for sale fell to a record low, down 16.5% months of supply; a healthy market generally has between four and six months of supply. from December and mortgage rates shot up 30 basis points. from a year ago. There were just 860,000 homes for sale at the end of January, according to the report.

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Eyes on Housing

SEPTEMBER 21, 2022

The August drop in building permits indicates that the housing market is continues to cool as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market. In August, housing starts rebounded but housing permits declined for the second straight month.

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