Housing Wire

FEBRUARY 6, 2024

Department of Agriculture (USDA) and conventional adjustable-rate mortgages (ARMs) under specific conditions. Department of Agriculture (USDA) and conventional adjustable-rate mortgages (ARMs) under specific conditions. The fees are typically lower than those of new loans and no appraisal is needed.

Mortgage 427

Mortgage Sellers Advertising Buyers 427

Appraisal Buzz

MAY 13, 2024

By the time I got the new book, the sales were already a bit dated, and since they were only closed sales – they had actually sold a few weeks to months prior. Additional data sources like aerial imagery, noise maps, air traffic maps, zoning maps and many others, again are all available online and most time free of charge.

Appraisal 347

Appraisal Appraisal Process Technology Tools 347

Housing Wire

APRIL 26, 2023

Here’s how servicers can maintain real-time compliance to keep up with real-time policymaking, all while keeping homeowners where they belong — in their homes — and executing at scale with no mistakes in our highly regulated ecosystem. So, how can servicers stay ahead of the curve?

Insurance 362

Insurance Mortgage Government Investors 362

Housing Wire

OCTOBER 17, 2023

But as his business has grown, he increasingly has had to adjust and modify legacy strategies to better meet the needs of today’s market and maintain his strong foothold in the market. How can you alleviate time-consuming activities to focus on the essential human elements required for success in real estate today?

Real Estate 433

Real Estate Brokerage Agents Technology 433

Housing Wire

MARCH 15, 2023

. “FHFA has decided to delay the effective date of the DTI ratio-based fee by three months to August 1, 2023, to ensure a level playing field for all lenders to have sufficient time to deploy the fee,” FHFA Director Sandra Thompson said in a statement Wednesday. No fee elicited a stronger response than the new DTI requirement.

Realtors 393

Realtors Mortgage Investors Finance 393

Housing Wire

FEBRUARY 1, 2023

This includes making payments, analyzing and adjusting tax and insurance escrow accounts in real-time, requesting and processing help for hardships, and viewing and taking action on home value and available home equity. and see the same data their customer is seeing. and see the same data their customer is seeing.

Mortgage 455

Mortgage Technology Modernization Investors 455

Housing Wire

OCTOBER 16, 2023

At a time when you and your customers need relief, you’re at risk of being hit with the most extreme overregulation. At a time when you desperately need stability, your own government is sowing the seeds of profound instability. “While you’re fighting to survive, and while we’re fighting for you, Washington, D.C.

Government 410

Government Mortgage Lending Finance 410

Housing Wire

NOVEMBER 22, 2023

However, the report states there’s no final decision on the timing and valuation. million in adjusted profits in the second quarter of 2023, according to Cagney’s letter to investors and partners in July. People familiar with the transaction told Bloomberg that Figure is working with Goldman Sachs Group Inc. , for the IPO.

Lending 410

Lending Valuation Technology Retail 410

Housing Wire

APRIL 2, 2024

They might have a hard time crafting a system that produces consistently strong hires, according to Mark Johnson, managing partner at Recruiting Insight. The scarcest resource in real estate is brokerage manager time,” Keefe told HousingWire. “I These types of consumer-facing products generated a lot of interest from investors.

Agents 353

Agents Brokerage Real Estate Tools 353

Appraisal Buzz

MARCH 14, 2022

Comp Selection, Insufficient & Excessive Adjustments. Adjustments pulled from thin air, or from the adjustment sheet provided by your mentor in 1999. That $500 fireplaces and $1 per sq ft site size adjustments don’t work like they did 20 years ago. This will go a long way to bolster the reliability of your report.

Appraisal 397

Appraisal Contracts Marketing Lending 397

Housing Wire

MAY 1, 2023

Recently, the director of the Federal Housing Finance Agency (FHFA) issued a statement clarifying the agency’s rationale for changes to loan level pricing adjustment (LLPA) fees going into effect on May 1. Therein lies some of the confusion. 80% LTVs (no mortgage insurance required) and 80.01-85%

Mortgage 404

Mortgage Insurance Development Business 404

Housing Wire

DECEMBER 13, 2023

The Federal Reserve ultimately hiked rates 11 times for a total increase of 5.25 “I think that the Federal Reserve will cut interest rates four times in 2024,” Yun told HousingWire. Expectations for existing home sales ranged from a seasonally adjusted annual rate of 4.21 million to 5.07

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

JANUARY 8, 2024

If buyers try to time their home purchase to the return of record-low rates and the historically low rates don’t return, their wait could prove costly. HousingWire: How do you view the lending landscape for 2024? To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. 1 non-QM lender?

Lending 395

Lending Development Investors Finance 395

Housing Wire

SEPTEMBER 22, 2022

Time will tell whether the mortgage market had already priced in expectation of the Fed’s rate hike on Wednesday, but in the months ahead, many industry watchers forecast mortgage rates to continue their climb until the central bank slows down with its tightening of its monetary policy. “Now to a seasonally adjusted annual rate of 4.8

Mortgage 414

Mortgage Loan Officers Buyers Inventory 414

Housing Wire

SEPTEMBER 10, 2020

Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday. Seasonally adjusted existing-home sales jumped 25% in July , beating the prior record monthly gain of 21% set in June, the National Association of Realtors said in an Aug. The post U.S.

Mortgage 541

Mortgage Housing Market Realtors Buyers 541

Housing Wire

OCTOBER 19, 2023

For the fiscal year ending January 31, 2023, revenue was approximately £35 million, with adjusted EBITDA of £8 million, according to the company website. “We The company acquired Apartments.com in 2014, at the time the fifth-place U.S. The company offered to acquire the U.K. portal for £1.10 It competes with two other major U.K.-based

Real Estate 402

Real Estate Investing Agents Marketing 402

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I I think the timing was a shock to a lot of folks, but I also understand that this is a very difficult thing to structure, and I commend them for reaching this next phase of the battle,” Edgerton said. “I

Brokerage 413

Brokerage Real Estate Agents Sellers 413

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. One goal for the changes was to make homeownership accessible for first-time homebuyers and those with low and moderate incomes.

Mortgage 381

Mortgage Inventory Housing Market Buyers 381

Housing Wire

NOVEMBER 28, 2023

The ongoing housing market decline, which saw existing-home sales fall 36% in 2022 alone (on a seasonally adjusted annual basis) and 41% overall to September’s low, is the sharpest (though not the deepest) in the history of this industry. As we’ve long preached at RTC, the three pillars to running a successful brokerage firm are: Recruit.

Real Estate 404

Real Estate Brokerage Advertising Housing Market 404

Housing Wire

APRIL 8, 2024

UWM’s parent company non-GAAP adjusted net loss was $57.1 However, according to the report, UWM is not 99% of the time the most affordable option for homebuyers. . “We think the premise of the thesis is misplaced,” Eric Hagen and Jake Katsikas wrote in the company’s weekly mortgage finance roundup.

Loan Officers 348

Loan Officers Business Mortgage Brokerage 348

Housing Wire

DECEMBER 30, 2023

Knowing that home sales weren’t going to crash in 2023 as they did in 2022, I made adjustments to my forecast to account for a more steady sales market, but even with that adjustment, we never got the weekly inventory growth levels I was looking for when mortgage rates got above 7.25%. That is more than 10 times more listings!

Inventory 509

Inventory New Listings Housing Market Mortgage 509

Housing Wire

SEPTEMBER 7, 2023

The new broker portal ‘Core’ aims to give real-time updates to borrowers and enable brokers to track where the loan process is at. The new broker portal ‘Core’ aims to give real-time updates to borrowers and enable brokers to track where the loan process is at. “We The broker channel made up for 16.8% We will be ready for it.”

Retail 393

Retail Loan Officers Business Lending 393

Housing Wire

MARCH 5, 2024

Department of Agriculture (USDA) loans, with rare allowances for conventional adjustable-rate mortgages (ARMs) under specific conditions. We expect volume to grow 10 times this year. Delays in mortgage assumption processing by servicers can be substantial at times. In 2023, the Federal Housing Administration (FHA) and the U.S.

Mortgage 430

Mortgage Buyers Agents Real Estate Agent 430

Housing Wire

JANUARY 26, 2023

HousingWire did not find Worker Adjustment and Retraining Notification (WARN) related to the layoffs. Like its competitors, Flagstar’s performance deteriorated as time went on, declining from $8.2 A former mortgage underwriter wrote, “Flagstar just laid off everyone, so after 2 1/2 years, I’m back in the job market.” Flagstar, No.

Retail 442

Retail Mortgage Lending Finance 442

Housing Wire

AUGUST 21, 2023

The time is now to understand the market and some of the trends. However, many agents haven’t adjusted to the new normal,” Tom observes. You mindset impacts your real estate success and successful agents are looking toward the future, no wallowing in the uncertain market. Before you know it, 2024 will be upon us.

Agents 370

Agents Marketing Real Estate Technology 370

Housing Wire

AUGUST 14, 2023

At the same time, inflation is easing and the economy is showing unanticipated strength, with strong employment numbers and greater than expected GDP. All this means one thing for current and prospective homeowners – they shouldn’t expect the Fed to begin lowering rates any time soon. Track and report on falling prices.

Real Estate Agent 351

Real Estate Agent Real Estate Clients Agents 351

Housing Wire

AUGUST 9, 2023

Lenders have had to adapt quickly not only to the market conditions but to adjust their company culture to survive, implementing policies like remote work. “The As lenders adjust to the current down market, they’ve taken a hard look at expenses and even layoffs. The last few years have been a proving ground for lenders in a major way.

Investing 369

Investing Mortgage Marketing Business 369

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. It’s a simple goal, but as is often the case in U.S.

Loan Officers 368

Loan Officers Insurance Mortgage Real Estate Agent 368

Housing Wire

FEBRUARY 10, 2024

Last week, inventory fell week to week but was up over this time last year. For the first time in a while, this was a good week for new listing data. Demand is rising from a low bar, and total housing inventory levels are still historically low. This is the price-cut percentage for last week over the last few years: 2024: 30.1%

Inventory 510

Inventory New Listings Retail Mortgage 510

Housing Wire

APRIL 26, 2024

Coming from my background as a bond trader working at Bear Stearns , Royal Bank of Scotland , and Robin Howard , I understood the straightforward approach: when rates go up, adjust accordingly. Having those different outlets during that time was very advantageous. That’s fine most of the time, but not all the time.

Lending 397

Lending Technology Mortgage Business 397

Housing Wire

APRIL 26, 2023

Federal Housing Finance Agency (FHFA) Director Sandra Thompson issued a statement Tuesday to correct the misinformation that’s spread about the agency’s loan-level pricing adjustments to conventional mortgages. ” Some updated fees are higher and some are lower, in differing amounts, Thompson said.

Mortgage 382

Mortgage Insurance Lending Finance 382

Housing Wire

APRIL 15, 2024

For better or worse, consumers are starting to realize that the days of 2% or 3% mortgages are well behind us and not going to be seen again for some time.” Investors reacted by adjusting their expectations for the number of rate cuts from the Federal Reserve this year. Last week, the U.S. in March compared to a year earlier.

Mortgage 449

Mortgage Retail Buyers Investors 449

Housing Wire

SEPTEMBER 27, 2022

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps.

Government 538

Government Investors Law Finance 538

Housing Wire

NOVEMBER 18, 2022

Total inventory data started at all-time lows at the beginning of 2022, creating more bidding war action in January and February, peaking in March. It was a funky time with housing data last year; people needed to make COVID-19 comp adjustments. from September to a seasonally adjusted annual rate of 4.43

Inventory 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

APRIL 9, 2024

This is not the first time UWM has accused Rocket of being behind the report. UWM’s parent company non-GAAP adjusted net loss was $57.1 One of the authors, Matthew Termine, worked at the fintech mortgage brokerage Morty from 2019 to 2024, first as corporate counsel and then as vice president of legal, regulatory, and compliance.

Legal 421

Legal Brokerage Mortgage Loan Officers 421

Housing Wire

MARCH 3, 2022

People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. Though Compass had lost $494 million in net income, they made a $2 million profit through adjusted EBITDA. Compass CEO Robert Reffkin.

Brokerage 368

Brokerage Agents Real Estate Law 368

Housing Wire

DECEMBER 20, 2022

For owners and leaders, there seemed to be no time to be businesspeople during the pandemic as everyone was forced into working “in” the business simply to keep the deals closing on time and not blowing up and getting delayed. In 2020 and 2021 an adjustment up in staffing was made. ” And then they got their answer.

Training 382

Training Business Marketing Investing 382