Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

Mortgage 357

Mortgage Marketing Buyers Finance 357

Housing Wire

JANUARY 31, 2024

“We are thrilled to welcome the Montana team to our Evergreen family,” Robert Lipston, the company’s executive vice president of production, said in a statement. We’re excited to bring our personalized approach to mortgage solutions to the residents of Montana.” In that context, the company appointed Brett Evertz as the area manager.

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Government Mortgage 373

Housing Wire

MARCH 12, 2024

Financing options While the proportion of Latino buyers who used Federal Housing Administration ( FHA ) loans declined between 2018 and 2022, there may have been an uptick in 2023, according to NAHREP. Latinos have historically relied on low down payment mortgage options for home purchases.

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Real Estate Agent Real Estate Buyers Realty 456

Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. What is reverse purchase financing?

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Finance Real Estate Agent Real Estate Insurance 446

Housing Wire

OCTOBER 30, 2023

loanDepot has rolled out a new down payment assistance program for Federal Housing Administration (FHA) loan borrowers that enables them to put zero money down upfront. The program is available nationwide through the retail channel for first-time and repeat homebuyers applying for FHA 30-year, fixed-rate purchase loans.

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Housing Wire

APRIL 10, 2023

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. before dropping to 6.4%

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Marketing Insurance Housing Market Mortgage 360

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). on a per-unit basis.

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Retail Mortgage Real Estate Agent Business 376

Housing Wire

OCTOBER 4, 2023

Purchase mortgage application volume, in particular, slowed considerably for the week ending Sept. Still, mortgage rates for home loan products across the board, including ARMs, pushed higher for the week ending Sept. The share of Federal Housing Administration (FHA) loan activity inched up to 14.5% the previous week.

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Mortgage Contracts Marketing 481

Housing Wire

JANUARY 2, 2024

If this came to pass as Whitney predicts, then some seniors may not have as much of a need for a product like a traditional reverse mortgage through the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program. Last October, FHA introduced a proposed seller credit for the H4P program.

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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 392

Housing Wire

DECEMBER 2, 2020

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday. The Conquest FHA announcement is the latest in a series of UWM product launches in 2020.

Mortgage 479

Mortgage Loan Officers Retail Valuation 479

Housing Wire

AUGUST 14, 2023

Overall rate lock volume was down 7% month over month, with purchase lending accounting for 88% of total lock activity, according to Black Knight ‘s originations market monitor report. Credit scores for conforming (754) and FHA (669) borrowers remained flat in July while VA dropped one point to 712 from June.

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Housing Market Mortgage Inventory Lending 348

Housing Wire

FEBRUARY 15, 2024

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. On FHA endorsements for home purchase financing, approximately 40% included down payment assistance in both 2022 and 2023, while the share was roughly 30% in 2021.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

MARCH 13, 2023

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. Pipeline data from February showed overall rate lock dollar volume up 2% from January, with purchase locks rising 4%. That included a shift to jumbos, ARMs and other nonconforming products in the month.”

Mortgage 354

Mortgage Inventory Lending Marketing 354

Housing Wire

AUGUST 28, 2023

Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment. Established in 1995 by brothers Steven and David McCormick, First Centennial Mortgage offers a wide range of mortgage products, including conventional, FHA, VA building and construction, per the mortgage data platform Modex.

Mortgage 360

Mortgage Retail Loan Officers Construction 360

Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association and fellow trade group the Black Homeownership Collaborative have joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce mortgage insurance premiums (MIPs) and suspend life-of-loan requirements for borrowers with FHA-insured loans.

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Insurance Mortgage Realtors Real Estate 414

Housing Wire

OCTOBER 13, 2021

“An increase in home purchase applications offset a slight decline in refinances,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. The seasonally adjusted purchase index increased 2% from the prior week; the unadjusted purchase index was 10% lower than it was a year ago.

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Mortgage Contracts Government 418

Housing Wire

MARCH 13, 2023

Established in 1987, Cherry Creek offers a wide range of mortgage products including conventional, FHA, VA USDA, USDA, reverse mortgages and home renovation loans. Of the total origination volume in 2022, purchase mortgages accounted for 57% of the volume and refis consisted of 28%.

Mortgage 365

Mortgage Retail Renovations Loan Officers 365

Housing Wire

DECEMBER 1, 2023

Rising home prices also prompted the Federal Housing Administration (FHA) to adjust its loan limits — with the “floor” FHA loan limit for one-unit properties increasing to $498,257 in most parts of the country. For high-cost areas, the loan limit is $1.149 million.

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Finance Buyers Mortgage Inventory 417

Housing Wire

FEBRUARY 28, 2024

Although a boon for mid-to-high-production offices, the period from 2019 to 2023 has not been kind to larger companies. With fewer home sales come fewer purchase mortgages. VA was the second most popular purchase mortgage loan type throughout the period in San Diego, while FHA was the second most popular in the other geographies.

Marketing 423

Marketing Mortgage Realty Brokerage 423

Appraisal Buzz

APRIL 15, 2024

Multi-state wholesale and correspondent mortgage lender Click n’ Close has expanded its suite of down payment assistance (DPA) loan products to include a shared appreciation option to help address the affordability challenges facing homebuyers.

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Mortgage Inventory Buyers Appraisal 150

Housing Wire

JANUARY 17, 2023

billion production volume in 2021. Purchase mortgages accounted for about 82.5% Our entire DNA is strictly built out of purchase, and what that means is purchase is the core of every system,” Messer said. . About 70% of Prosperity’s production comes from affiliate realtors.

Mortgage 375

Mortgage Real Estate Real Estate Agent Realtors 375

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. primary home purchases. . Staying nimble in a fast-paced market with the right mortgage technology.

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Sellers Mortgage Technology Buyers 410

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight ’s originations market monitor report. In June, purchase locks made up 88.4% Purchase lock counts were down 31% year over year and 29% compared to pre-pandemic levels in 2019.

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Housing Market Marketing Lending Mortgage 328

Housing Wire

FEBRUARY 9, 2022

while the purchase index dropped 9.6%. Compared to the same week one year ago, mortgage apps overall dropped 39.6%, with a sharp decline in refi (-52%) compared to purchase (-11.4%). The higher rate environment has already started to take its toll on production for originators. The seasonally adjusted refi index fell 7.3%

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Contracts Mortgage Inventory Buyers 383

Housing Wire

FEBRUARY 28, 2023

“By adding JFQ’s technology stack, proven sales process, and seasoned leadership team, Prosperity is well positioned to execute its goal of becoming a significant force in the consumer direct channel with an equal focus on purchase and refinance transactions.” However, amid a challenging mortgage market, monthly production fell from over $1.1

Lending 343

Lending Loan Officers Government Realtors 343

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% points from the 7.5%

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Agents Sellers Buyers Finance 455

Housing Wire

MAY 11, 2022

Conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) purchase loan application volume led the gain in mortgage application volume even as mortgage rates rose to 5.53%, marking the highest since 2009, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. from 11.1%

Mortgage 432

Mortgage Contracts Retail Buyers 432

Housing Wire

FEBRUARY 15, 2024

The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. Eligible U.S. billion in Q3 2022.

Loan Officers 360

Loan Officers Finance Mortgage Lending 360

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. .

Mortgage 379

Mortgage Government Lending Marketing 379

Housing Wire

MARCH 4, 2024

Equity takeout” cases — i.e., new reverse mortgages that are neither refinances nor purchases — fell by 18.4%. HECM for Purchase (H4P) loans dropped by 6.2% The increase in concession limits for H4P is the biggest news on this front since the sub-product’s inception,” Lunde said. “I to finish last year with 6,393 loans.

Retail 354

Retail Mortgage Business Marketing 354

Housing Wire

APRIL 20, 2022

The seasonally adjusted purchase index dropped 3% from the week prior, according to the trade group. Purchase mortgage applications were down 14% from the same week a year ago. Home buyers have also seen their purchasing power erode, all while home prices keep rising. The FHA share of total applications increased to 9.9%

Mortgage 409

Mortgage Contracts Buyers 409

Housing Wire

OCTOBER 4, 2021

The analytics vendor also threw a bit of a wrench at predictions voiced by market experts that a home purchase boom is imminent in late 2021, with the firm finding a 24% quarter-over-quarter dip in “new listing” alerts. Sales Boomerang suggested that “lenders may need to revise their year-end revenue forecasts.”.

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Insurance New Listings Mortgage Development 421

Housing Wire

JULY 10, 2022

The company’s monthly mortgage originations report also revealed that 82% of locks in June were purchases, the lowest share of refis since the company began tracking data in 2018. Cash-out refinance volume fell 13% from May, while rate-term refis fell 9% and purchase loans fell 11%.

Mortgage 356

Mortgage Marketing Home Value Government 356

Housing Wire

AUGUST 31, 2023

“This merger ensures our customers will continue to receive access to the products, services, and technology they need while maintaining the relationship-driven, hands-on service they’ve come to expect,” Dionise said in a statement. Mars Bank held $520.8 million in assets as of June 30, 2023. NexTier Bank produced $50.6

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Retail Lending Construction Technology 358

Housing Wire

NOVEMBER 16, 2020

Here’s what you need to know if a home purchase is on your radar. Mortgage insurance is required on all FHA loans, and it’s sometimes required on conventional mortgages, too. With FHA loans , your premium will depend on your loan balance and your down payment size. But mortgage insurance? What mortgage insurance does.

Insurance 441

Insurance Mortgage Loan Officers Real Estate 441

Housing Wire

JANUARY 19, 2023

The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. After posting production volume of $148.76 million in total volume in 2022, with 63% accounting for purchase mortgages and refis consisting of 32%. Guaranty Home Mortgage originated $68.76

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Retail Mortgage Loan Officers Lending 368