Housing Wire

FEBRUARY 21, 2023

Mutual of Omaha Mortgage (MOM) has acquired the assets of Keller Mortgage – the lending arm of real estate holding company kwx – for an undisclosed amount. Keller Mortgage will be operated as an independent division alongside Mutual of Omaha’s existing forward and reverse mortgage division, MOM said in an e-mailed response.

Mortgage 361

Mortgage Real Estate Lending Finance 361

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. range mid-week, and mortgage rates also tracked lower,” Jones added.

Mortgage 486

Mortgage Buyers Investors Inventory 486

Housing Wire

MAY 17, 2023

The best way to fight inflation and get lower mortgage rates is to get more apartment units finished, and so far, this has been slower than my tortoise Grundy. The faster we get 5-unit construction finished, the better we can fight against inflation and get lower mortgage rates. Why is this the case?

Mortgage 458

Mortgage Housing Market Construction Real Estate 458

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Mortgage rates tend to align with the 10-year U.S. “Mortgage rates should be 5.55%, not 6.5%,” he said.

Mortgage 360

Mortgage Housing Market Inventory Buyers 360

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Mortgage 406

Mortgage Loan Officers Real Estate Agent Inventory 406

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 403

Mortgage Loan Officers Inventory Buyers 403

Housing Wire

JANUARY 27, 2023

On the other hand, mortgage rates have gone down more than 1% since Oct. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products. But since Oct.

Mortgage 526

Mortgage Buyers Housing Market Inventory 526

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. To overcome the disparity in my income, my father agreed to be our co-borrower on the mortgage assumption application. I am not a veteran, but I did assume a VA mortgage.

Mortgage 387

Mortgage Marketing Realtors Sellers 387

Housing Wire

FEBRUARY 8, 2023

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.

Brokerage 316

Brokerage Mortgage Real Estate Lending 316

Housing Wire

MAY 3, 2023

30-year fixed mortgage rates declined slightly last week, the first rate drop in three weeks, but it wasn’t enough to boost mortgage demand. Mortgage applications fell last week by 1.2% The 30-year fixed rate decreased five basis points to 6.5% the previous week.

Mortgage 380

Mortgage Lending 380

Housing Wire

MAY 22, 2023

Residential mortgage industry analysts and executives continue to see challenges ahead. For starters, the banking crisis is still unfolding, impacting the mortgage-backed securities (MBS) space, reducing jumbo loan offerings, and putting pressure on commercial real estate companies. Even if the U.S. Even if the U.S.

Mortgage 348

Mortgage Real Estate Marketing Government 348

Housing Wire

MAY 17, 2023

Borrowers’ demand for home loans slowed down last week as mortgage rates increased to their highest level in two months. ” In the mortgage market, the latest Mortgage Bankers Association (MBA) data published on Wednesday morning showed that loan applications decreased by 5.7% retail residential mortgage applications.

Mortgage 323

Mortgage Inventory Buyers Retail 323

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. ” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc.

Mortgage 333

Mortgage Sellers Investors Technology 333

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2% According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2%

Mortgage 529

Mortgage Sellers Loan Officers Buyers 529

Housing Wire

MAY 11, 2023

This week’s mortgage rates declined slightly, continuing a recent “sideways trend” at the low 6% mark. Per Freddie Mac ‘s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 6.35% as of May 11, down four basis points from last week’s 6.39%. The Consumer Price Index (CPI) rose 4.9%

Mortgage 313

Mortgage Sellers Housing Market Home Improvement 313

Housing Wire

APRIL 10, 2023

After four years of Congress hiking Veterans Administration (VA) so-called “Bluewater Navy” mortgage loan fees as an offset to pay for other critical veterans’ benefits, Congress has finally let those excessive VA mortgage loan fees expire. Mortgage loan fees should not be higher than needed to safely run government-backed lending.

Mortgage 412

Mortgage Buyers Insurance Lending 412

Housing Wire

FEBRUARY 8, 2023

During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior. Mortgage rates fell to 5.99% on Thursday, Feb. last week, up from 31.2%.

Mortgage 348

Mortgage Contracts Inventory Marketing 348

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? More supply of apartments coming on line will be good news for mortgage rates going forward. Of course, once we get lower mortgage rates, that should help the builders sell more homes. This is key for mortgage rates looking out for years to come.

Mortgage 493

Mortgage Housing Market Construction Landlords 493

Housing Wire

MAY 9, 2023

National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. ” National MI’s API platform lets lenders and LOS providers quickly and seamlessly retrieve accurate mortgage insurance quotes through Rate GPS. .”

Mortgage 307

Mortgage Insurance Investors Modernization 307

Housing Wire

FEBRUARY 22, 2023

The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums (MIP) of 55 bps for most borrowers, down from 85.

Mortgage 482

Mortgage Insurance Finance Marketing 482

Housing Wire

APRIL 20, 2023

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. For the first time in over a month, mortgage rates moved up due to shifting market expectations,” Sam Khater , Freddie Mac ’s chief economist, said in a statement. in the first week of April to 3.6%

Mortgage 389

Mortgage Housing Market Real Estate Buyers 389

Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher. We might get some short-term reprieve in bond yields and mortgage stress.

Mortgage 195

Mortgage Housing Market Marketing Inventory 195

Housing Wire

MAY 3, 2023

In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgage 374

Mortgage Buyers Real Estate Lending 374

Housing Wire

MARCH 22, 2023

Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates , following the turbulence in the financial markets caused by regional bank failures. ” Borrowers took advantage of lower rates and mortgage applications rose 3% on a seasonally adjusted basis from one week earlier. .

Mortgage 363

Mortgage Brokerage Investing Marketing 363

Housing Wire

MAY 1, 2023

The fact is that the FHFA is applying a form of risk-based pricing to the exercise based on their expectations of long-term performance of mortgages going forward. 80% LTVs (no mortgage insurance required) and 80.01-85% 85% LTVs (with mortgage insurance) by credit score. Therein lies some of the confusion.

Mortgage 409

Mortgage Insurance Finance Development 409

Housing Wire

APRIL 12, 2023

Top wholesale lender United Wholesale Mortgage (UWM) is yet again ramping up efforts to gain more market share at the cost of potential profits. Known as the “Conventional 1% Down,” the product is essentially a 3% down mortgage in which UWM pays an additional 2% — up to $4,000 — on top of the borrower’s 1% down payment.

Mortgage 411

Mortgage Real Estate Agent Real Estate Government 411

Housing Wire

JANUARY 9, 2023

With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . Rocket Mortgage, like all mortgage lenders , was hurt by surging mortgage rates in 2022.

Mortgage 478

Mortgage Marketing Loan Officers Business 478

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Here’s a quick rundown of the last week: The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.

Housing Market 464

Housing Market Mortgage Inventory Marketing 464

Housing Wire

APRIL 27, 2023

Mortgage rates are trending up ahead of the Federal Reserve’s meeting next week, with the FOMC expected to increase the federal funds rate. The prospect of lower mortgage rates for the remainder of the year should be welcome news to borrowers who are looking to purchase a home.”

Mortgage 358

Mortgage Housing Market Buyers Marketing 358

Housing Wire

FEBRUARY 22, 2023

It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application data is showing that mortgage demand is dropping due to mortgage rates climbing back up. of the total.

Mortgage 327

Mortgage Buyers Investors Marketing 327

Housing Wire

MARCH 21, 2023

9, when mortgage rates started to fall from 7.37% to 5.99%. In 2022, it was all about affordability as mortgage rates had a historical rise. Even though mortgage rates were falling in November and December, positive purchase application data takes 30-90 days to hit the sales data. Year-over-year, sales fell 22.6% (down from 5.92

Mortgage 489

Mortgage Housing Market Inventory Marketing 489

Housing Wire

MAY 8, 2023

With mortgage rates still in the mid 6% range, borrowers who received mortgages in April 2023 paid an average of $2,343 a month, up 28% from a year prior. That’s according to the latest origination data from mortgage tech firm Candor Technology. The average income in April 2022 was $7,333 a month, according to Candor.

Mortgage 350

Mortgage Buyers Finance Technology 350

Housing Wire

MARCH 16, 2023

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Regarding mortgage rates and bonds, since the banking crisis started with a run on Silicon Valley bank last week , bond yields have been heading lower and are now testing my Gandalf line in the sand of 3.42%. That isn’t happening right now.

Mortgage 494

Mortgage Construction Marketing Contracts 494

Housing Wire

MAY 10, 2023

The expectation that the Federal Reserve might be done with hiking rates spurred the mortgage market last week. The MBA data shows that mortgage applications increased 6.3% retail residential mortgage applications. Borrowers’ demand followed a decrease in mortgage rates. for the week ending May 5 from one week earlier.

Mortgage 340

Mortgage Inventory Buyers Retail 340

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 461

Mortgage Buyers Loan Officers Realtors 461

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. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA). last week, down from 24.4%

Mortgage 400

Mortgage Government Housing Market Contracts 400

Housing Wire

APRIL 11, 2023

Misinformation is spreading on TikTok about the Federal Housing Administration ‘s (FHA) recent increase to the maximum mortgage modification term, causing confusion for homebuyers. The 40-year loan modification can assist borrowers in avoiding foreclosure by spreading the outstanding mortgage balance out over a longer period.

Mortgage 391

Mortgage Insurance Buyers Development 391