Housing Wire

NOVEMBER 8, 2023

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages. billion total in-house originations, purchase loans came in at $4 billion.

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Retail Inventory Mortgage Valuation 398

Housing Wire

NOVEMBER 9, 2022

Purchase application data is now below 2008 levels! In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. Wednesday’s purchase application data was up 1% from week to week. The data looks correct.

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New Listings Inventory Housing Market Sellers 487

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. HTL offers a whole suite of products.

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Loan Officers Business Mortgage Clients 374

Housing Wire

AUGUST 2, 2023

Its aggressive inflation-crushing policy extinguished the greatest refi market in history – these days, nearly 90% of residential mortgage originations are purchase loans. In April 2022, HousingWire published a feature about which lenders were well positioned to capitalize on the transition to purchase , and which companies would struggle.

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Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes.

Mortgage 412

Mortgage Housing Market Inventory Lending 412

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. If the industry were better educated on this option, there would be a significant increase in HECM/Reverse Purchase volume.

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Loan Officers Real Estate Agent Real Estate Finance 390

Housing Wire

JUNE 28, 2023

Purchase mortgage applications increased for the third consecutive week, reaching the highest level of activity since early May, in spite of the 30-year fixed rate increasing slightly to 6.75%. Meanwhile, the purchase index increased by 3% from one week earlier and was 21% lower than last year’s level on an unadjusted seasonal basis.

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Mortgage Inventory Sellers Buyers 358

Housing Wire

NOVEMBER 3, 2021

The Federal Reserve announced Wednesday that it will soon begin to taper its monthly asset purchases. That means that later this month, the Federal Reserve will purchase at least $70 billion Treasury securities and at least $35 billion agency mortgage-backed securities. in 2022, largely because of the Fed’s tapering asset purchases.

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Housing Wire

JANUARY 12, 2022

The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase index, the MBA said. Per the report, the unadjusted purchase index increased 51% compared to the previous week but was 17% lower than the same week one year ago. Mortgage applications climbed 1.4% for the week ending Jan.

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Housing Wire

FEBRUARY 6, 2023

Once you make seasonal adjustments with purchase application data, that’s where the data line begins to show improvement. Once you make seasonal adjustments with purchase application data, that’s where the data line begins to show improvement. Since purchase application data started to improve from Nov.

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Inventory Housing Market Marketing New Listings 455

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Here is a quick rundown from last week: Purchase applications fell 18% week to week and hit levels not seen since 1995. The last two weeks in purchase apps look out 30-90 days.

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Housing Market Marketing Inventory New Listings 428

Housing Wire

APRIL 14, 2022

Interfirst purchased refinance leads and sent them to Woodward to close. I can count on one hand the number of purchases that I did.” But Woodward struggled to originate purchase loans. “I So, it wasn’t a huge leap for me,” he told HousingWire. The work was not complex, he said. The closer, the better.

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Mortgage Marketing Retail Lending 521

Housing Wire

APRIL 14, 2022

Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days. The Fed since early March has been letting its purchases of mortgage-backed securities run off.

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Mortgage Government Renovations Buyers 417

Housing Wire

SEPTEMBER 15, 2021

The increase in application volume was predominantly driven by purchase mortgage activity , which grew by 8% from the week prior , the trade group said. . Joel Kan, associate vice president of economic and industry forecasting, said in a statement that purchase mortgage application volume is currently at its highest level since April 2021.

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Housing Wire

SEPTEMBER 1, 2022

The index compiles only purchase mortgage rates reported by lenders during the past three days. decline from the previous week, and the purchase index was down 1.8%. According to Freddie Mac, the 15-year fixed-rate purchase mortgage averaged 4.98% with an average of 0.8 A year ago this time, rates averaged 2.87%.

Mortgage 370

Mortgage Sellers Housing Market Marketing 370

Housing Wire

AUGUST 24, 2023

That buyer lost $71,000 in purchasing power compared to one year ago when a $500,000 home would have been accessible to them with an average rate of about 5.5%. Mortgage-purchase applications during the week ending August 18 also saw a decline of 5% from the prior week, on a seasonally adjusted basis.

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Buyers Agents Inventory Mortgage 361

Housing Wire

NOVEMBER 3, 2021

For the first time since the beginning of the pandemic, purchase mortgages outpaced refinancings in the third quarter of 2021, according to the latest TransUnion report published on Wednesday. New home purchases accounted for 53% of the total – higher than 43% of the same period of 2020, but still lower than 72% of 2019.

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Mortgage Loan Officers Inventory Housing Market 395

Housing Wire

JUNE 13, 2022

In a higher rate environment, lenders were more reliant on the purchase market for origination volumes. Purchase locks, which are not as rate-sensitive as refinancings, accounted for 82% of the entire share of rate locks in May, the largest slice since Black Knight’s Optimal Blue began tracking the data in 2018. .

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Mortgage Government Lending Marketing 379

Housing Wire

JUNE 23, 2022

Purchase mortgage rates this week averaged 5.81% , compared to 5.78% the week prior, when rates rose 55 basis points, the largest 1-week increase since 1987, according to the latest Freddie Mac PMMS index. A year ago at this time, 30-year fixed rate purchase rates were at 3.02%. Wednesday, down from 6.03% the previous week.

Mortgage 373

Mortgage Government Buyers Marketing 373

Housing Wire

AUGUST 25, 2022

The index compiles purchase mortgage rates reported by lenders during the past three days. . The refinance index had a 2.75% decline from the previous week, and the purchase index was down 0.5%. According to Freddie Mac, the 15-year fixed-rate purchase mortgage averaged 4.85% with an average of 0.8 for the week ending Aug.

Mortgage 369

Mortgage Housing Market Marketing 369

Housing Wire

MAY 12, 2022

Purchase mortgage rates this week averaged 5.30%, up three basis points from a week ago , causing homeowners’ monthly payments to increase by about one-third year-over-year, according to the latest Freddie Mac PMMS. This time a year ago, the 30-year fixed-rate purchase rates were at 2.94%, the report shows.

Mortgage 365

Mortgage Government Technology Marketing 365

Housing Wire

JULY 7, 2022

Purchase mortgage rates this week continued their recent downward trend, dropping 40 basis points to 5.30%, according to the latest Freddie Mac PMMS Index. A year ago at this time, 30-year fixed rate purchase rates were at 2.90%. from the previous week and purchase application were down 4.3% Refi apps decreased 7.7%

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Mortgage Government Technology Housing Market 454

Cleveland Appraisal Blog

JULY 16, 2022

Purchasing your first home is exciting! Making Your First Home Purchase Choice. The first step in determining what kind of home you can afford to purchase is having an accurate appraisal. When you purchase a starter home, ideally you’ll want to live in it for at least two years to build up equity but three years is ideal.

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Appraisal Contracts Property Taxes Investing 298

Housing Wire

MAY 19, 2022

Purchase mortgage rates this week averaged 5.25%, down five basis points from a week ago , as some individuals put the American homeownership dream on standby due to higher rates and surging home prices, according to the latest Freddie Mac PMMS. This time a year ago, the 30-year fixed-rate purchase rates were at 3%, the report shows.

Mortgage 461

Mortgage Government Buyers Marketing 461

Housing Wire

SEPTEMBER 8, 2022

The index compiles only purchase mortgage rates reported by lenders during the past three days. The refinance index had a 1% decline from the previous week, and the purchase index was down 0.65%. According to Freddie Mac, the 15-year fixed-rate purchase mortgage averaged 5.16% with an average of 0.8 for the week ending Sep.

Mortgage 417

Mortgage Marketing 417

Housing Wire

OCTOBER 19, 2022

debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan (NPL) sales, according to a recent report from Fitch Ratings. The post Debt purchasers set to benefit from consumer delinquencies: Fitch appeared first on HousingWire.

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Supply Chain Government Mortgage Marketing 409

Housing Wire

MAY 4, 2022

The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume. The seasonally adjusted purchase index rose 4.1% from the prior period.

Mortgage 369

Mortgage Contracts Retail Inventory 369

Housing Wire

DECEMBER 20, 2022

Billionaire mortgage executive Mat Ishbia is finalizing a purchase of the Phoenix Suns franchise in the near future, according to ESPN reporter Adrian Wojnarowski. He purchasing the franchise, which includes the Phoenix Suns and the Phoenix Mercury WNBA team, from Robert Sarver.

Advertising 369

Advertising Mortgage Investing Marketing 369

Housing Wire

MAY 26, 2022

Purchase mortgage rates this week averaged 5.10% continuing a decline from last week amid a housing market slowdown, according to the latest Freddie Mac PMMS. A year ago at this time, 30-year fixed rate purchase rates were at 2.95%. According to Freddie Mac, the 15-year fixed-rate purchase mortgage averaged 4.31% with an average of 0.8

Mortgage 437

Mortgage Housing Market Government Buyers 437

Housing Wire

FEBRUARY 7, 2023

High mortgage rates and elevated home prices continued to dampen the consumer sentiment regarding home purchase decisions in January, according to new data from Fannie Mae. But while affordability has continued to deter homebuyers from entering the market, there was an uptick in the Fannie Mae Home Purchase Sentiment Index (HPSI) last month.

Housing Market 344

Housing Market Sellers Mortgage Marketing 344

Housing Wire

JANUARY 10, 2023

Potential homebuyers’ purchase sentiment improved slightly in December, but that still remains well below pre-pandemic highs, according to new data from Fannie Mae. points to 61 due to consumers reporting expectations that mortgage rates and home prices may decrease over the year, the agency said.

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Buyers Lending Mortgage Government 476

Housing Wire

AUGUST 10, 2021

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Purchase mortgages rose to 51% of closed mortgages in June, up from 47% in May, according to the latest origination report from ICE Mortgage Technology (formerly Ellie Mae). It had to happen eventually.

Mortgage 395

Mortgage Marketing Technology Lending 395

Housing Wire

NOVEMBER 17, 2020

The Mortgage Bankers Association on Tuesday released revised estimates for the third and fourth quarter of 2020 as well as predicting record purchase volume for 2021. MBA is forecasting a rise in purchase originations to $1.59 Record-low mortgage rates have led to a surge in borrower demand for refinances and home purchases.”.

Mortgage 542

Mortgage Housing Market Marketing Real Estate 542

Housing Wire

MARCH 23, 2023

The national median payment applied for purchase applicants rose 4.9% to $2,061 in February from $1,964 in the previous month, according to the Mortgage Bankers Association ‘s (MBA’s) purchase applications payment index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income.

Mortgage 363

Mortgage Loan Officers Inventory Buyers 363

Housing Wire

AUGUST 25, 2021

Refis ticked up 1% from the prior week and purchase mortgage applications jumped 3%, the trade group said on Wednesday. The purchase index was at its highest level since early July, though it was still down 16% from the same time last year. Mortgage applications rose 1.6% on the week ending Aug.

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Mortgage Contracts Government Inventory 395

Housing Wire

JULY 12, 2023

Purchase applications rose, with the purchase index climbing by 2% from one week earlier and was 26% lower than last year’s level on an unadjusted seasonal basis. The rise in purchase activity was driven mostly by increases in both FHA and VA purchase applications. of total applications from 27.4% the prior week.

Contracts 347

Contracts Mortgage Marketing 347

Housing Wire

MARCH 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday. The post Mortgage credit, and the coming purchase storm appeared first on HousingWire.

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