Housing Wire

SEPTEMBER 13, 2024

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

Mortgage 417

Mortgage Loan Officers Technology Insurance 417

Housing Wire

SEPTEMBER 10, 2024

In the August rate update, I explained why over 99% of Home Equity Conversion Mortgages ( HECM s) are variable interest rate loans and the advantages of this over the fixed-rate counterpart. According to conventional wisdom, homeowners should hold off on getting a reverse mortgage until they need it or until interest rates decrease.

Mortgage 441

Mortgage Valuation Marketing 441

Housing Wire

AUGUST 28, 2024

Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. HousingWire: ICE Mortgage Technology has been making significant investments in product innovation. Tim Bowler: Absolutely.

Technology 416

Technology Mortgage Clients Investing 416

Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. “They can add up to several percentage points of the total mortgage amount. . At least when it comes to redundancies with refinancings, that is.

Mortgage 460

Mortgage Law Technology Investors 460

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? We don’t have that variable this year and spreads have improved earlier than I thought, which has helped mortgage pricing.

Mortgage 516

Mortgage Inventory New Listings Housing Market 516

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? Now, with mortgage rates dropping below that 7.25% level recently, inventory hasn’t been able to hit that growth model once. As mortgage rates rose earlier this year, leading to increased inventory, the price cut percentage grew higher than the last two years.

Inventory 516

Inventory Mortgage New Listings Contracts 516

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgage 415

Mortgage Lending Finance Business 415

Appraisal Buzz

SEPTEMBER 4, 2024

This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), using data from MBA’s Weekly Applications Survey (WAS). A decrease in the PAPI – indicative of improving borrower affordability conditions – occurs when loan application amounts decrease, mortgage rates decrease, or earnings increase.

Mortgage 387

Mortgage Inventory Housing Market Appraisal 387

Housing Wire

SEPTEMBER 10, 2024

Ahead of that decision, mortgage rates continued to decline, although a surge of borrowers has yet to appear. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.47%, down 13 basis points (bps) from one week ago. Benchmark rates have been at a range of 5.25% to 5.5% since July 2023.

Mortgage 451

Mortgage Inventory Marketing Housing Market 451

Housing Wire

SEPTEMBER 10, 2024

Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. And it has more than doubled its customer partner base to include some of the country’s biggest banks, credit unions and mortgage lenders, according to the firm.

Mortgage 427

Mortgage Technology Investing Design 427

Housing Wire

SEPTEMBER 4, 2024

Declining mortgage rates in August provided some relief for U.S. million “in-the-money“ mortgage holders as of Aug. 22, more than 60% took out their mortgages in the past two years, including 850,000 in 2023 and 560,000 this year. With mortgage rates dipping below 6.5% 22, about 2.5

Mortgage 441

Mortgage Inventory Marketing 441

Housing Wire

SEPTEMBER 4, 2024

Mortgage demand rose slightly last week as mortgage rates moved lower. 30 compared to the previous week, according to the Mortgage Bankers Association (MBA). Loan application volume increased 1.6% on a seasonally adjusted basis for the week ending Aug. The MBA’s refinance index decreased 0.3%

Mortgage 430

Mortgage Loan Officers Contracts Marketing 430

Housing Wire

SEPTEMBER 4, 2024

Guild Mortgage announced on Wednesday the introduction of a new product line called the “ Flex Payment Mortgage ,” which includes Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages ( HECMs ), refinances, proprietary jumbo options and HECM for Purchase (H4P) loans.

Mortgage 430

Mortgage HOA Insurance Property Taxes 430

Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower.

Mortgage 451

Mortgage Clients Finance Business 451

Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7 Rocket originated $42.3

Mortgage 441

Mortgage Marketing Technology Clients 441

Appraisal Buzz

SEPTEMBER 3, 2024

A recent study has brought to light the financial advantages of working with Independent Mortgage Brokers, underscoring the significant savings and inclusive support they offer to a diverse range of homebuyers. The study also pointed to the vital role that Mortgage Brokers play in promoting homeownership among minority communities.

Retail 397

Retail Mortgage Housing Market Appraisal 397

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. According to the USMI, private mortgage insurers held more than $26.8 Companies will have two years to fully implement the changes.

Insurance 441

Insurance Mortgage Finance Construction 441

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 440

Brokerage Mortgage Real Estate Renovations 440

Housing Wire

SEPTEMBER 6, 2024

The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. Home Equity Conversion Mortgage (HECM) endorsements fell by 3.3% Guild Mortgage (10.2%), Mutual of Omaha Mortgage (4%) and Longbridge Financial (0.7%) also posted gains. Finance of America (FOA) saw 7.3%

Mortgage 460

Mortgage Finance Design Marketing 460

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based).

Mortgage 441

Mortgage Modernization Technology Development 441

Appraisal Buzz

SEPTEMBER 13, 2024

The latest Mortgage Credit Availability Index (MCAI) released by the Mortgage Banker’s Association (MBA) indicated that there was an increase in mortgage credit availability in August. The post Mortgage Credit Availability Jumps Again in August first appeared on The MortgagePoint. In August, the MCAI increased by 0.9%

Mortgage 358

Mortgage Government Lending Construction 358

Housing Wire

AUGUST 6, 2024

The downward movement in mortgage rates over the past few months accelerated last week as a cooler-than-expected jobs report and indications of a Federal Reserve rate cut led to a steep drop in loan pricing. Several reported that mortgage rates rose again on Tuesday due to weaker mortgage-backed securities prices.

Mortgage 498

Mortgage Government Tools Lending 498

Appraisal Buzz

JULY 26, 2024

According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI) , homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 in June 2024 from $2,219 in May 2024, down $52. Median earnings were up 3.9% on an annual basis. in May to 172.6

Mortgage 397

Mortgage Housing Market Buyers Appraisal 397

Housing Wire

SEPTEMBER 9, 2024

This could be one reason why a local NBC -TV affiliate in New Orleans is reporting that more of the community’s seniors are turning to reverse mortgage products as they seek financial relief. A lot of my calls start with clients asking about whether or not they should get a reverse mortgage,” she told the outlet. “My

Insurance 407

Insurance Mortgage Clients Finance 407

Housing Wire

SEPTEMBER 18, 2024

For those of us in the mortgage world, the spring and summer market may be showing some signs of slowing down, and what a ride this market has been. I myself work among the best of the best in the mortgage industry. Consistency is another crucial component to success within the mortgage space. You got this!

Mortgage 422

Mortgage Loan Officers Business Tools 422

Housing Wire

AUGUST 10, 2024

Have lower mortgage rates positively impacted the housing demand data yet? Purchase application data My belief has always been that for the existing home sales market to have real growth and make it stick, we need sub-6 % mortgage rates with some duration. Then, once again, mortgage rates headed higher and sales went lower.

Mortgage 516

Mortgage Inventory Marketing Housing Market 516

Housing Wire

AUGUST 1, 2024

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily. It doesn’t look like an overheating economy.

Mortgage 516

Mortgage Inventory Marketing 516

Housing Wire

SEPTEMBER 11, 2024

CMG Home Loans , the retail lending division of CMG Financial , recently made a key hire in its reverse mortgage division by adding industry veteran Kari Van Kleef as its operations manager. Once they complete that certification, we also partner them with what we call a ‘reverse mortgage guru.’

Mortgage 430

Mortgage Loan Officers Lending Business 430

Housing Wire

AUGUST 29, 2024

Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. At a recent WIFS Phoenix event, Hopkins was able to bring a discussion about reverse mortgages to attendees and sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to share details about the experience.

Finance 428

Finance Mortgage Real Estate Agent Insurance 428

Appraisal Buzz

SEPTEMBER 2, 2024

This is true even as the weekly average mortgage rate drops to its lowest point in 15 months and the median monthly home payment in the U.S. The weekly average 30-year fixed mortgage rate was 6.46% (week ending August 22), representing the lowest level since May 2023 and down from 7.23% YoY, according to Freddie Mac. YoY change.

Mortgage 397

Mortgage Buyers Sellers Agents 397

Housing Wire

AUGUST 27, 2024

Even as the real estate and mortgage markets are seeing light at the end of the tunnel following two difficult years of conditions, mortgage rates have yet to ease enough to create a surge of demand for purchase loans and refinances. homeowners with mortgages had rates below 6%. homeowners with mortgages had rates below 6%.

Mortgage 441

Mortgage Real Estate Finance Brokerage 441

Appraisal Buzz

JULY 1, 2024

A joint report from the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published and updated loan-level data for public use collected through mandatory demographic questions on mortgage applications through the National Survey of Mortgage Originations (NSMO).

Government 411

Government Mortgage Design Property Appraisal 411

Appraisal Buzz

AUGUST 29, 2024

million mortgages secured by residential property (units one to four) were issued in the U.S., Residential Property Mortgage Origination Report. The recovery occurred in the midst of a robust springtime housing market and falling mortgage rates following several months of rising rates. accounting for about half of all mortgages.

Lending 341

Lending Mortgage Buyers Housing Market 341

Housing Wire

AUGUST 20, 2024

Wells Fargo has agreed to sell most of its commercial mortgage servicing portfolio to Atlanta-based Trimont. The transaction includes only Wells Fargo’s non-agency, third-party commercial mortgage servicing (CMS) business. The bank seeks to minimize risk in the mortgage business by reducing its size and narrowing its focus.

Mortgage 429

Mortgage Real Estate Lending Clients 429

Housing Wire

SEPTEMBER 3, 2024

Mortgage servicer Nationstar , doing business as Mr. Cooper , is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago. The settlement notice was filed Aug. 30 in a U.S.

Legal Fees 429

Legal Fees Mortgage Legal Contracts 429

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” But now rates are down more than 1.5% from this peak.

Buyers 482

Buyers Marketing Mortgage Real Estate Agent 482

Housing Wire

AUGUST 20, 2024

Ryan Ogata has been leading the reverse mortgage division at Rate — recently rebranded from Guaranteed Rate — for roughly a year, but the division has seen notable growth during that time. Learning and growing Ogata came from the forward mortgage business. Every company then tries to grab as much of that market share as possible.”

Mortgage 427

Mortgage Loan Officers Business Lending 427