Housing Wire

APRIL 4, 2024

That left 2,021 units of the 3,000 units pledged still awaiting construction as the mayor’s term was coming to an end the following month. ”We We should be talking about why [we didn’t] build the houses when we were on schedule to do so,” incumbent Mayor John Whitmire told ABC 13 in Houston.

Construction 412

Construction Government Housing Market Finance 412

Housing Wire

NOVEMBER 27, 2023

In terms of the newly-published final rule, MBA provided similar language about what it believes the new rule does and doesn’t address. 1, 2024, but elements related to cleared and derivative transactions don’t go into effect until Jan. The majority of the final rule is effective as of Jan.

Government 398

Government Tools Finance Mortgage 398

Housing Wire

DECEMBER 26, 2023

“Obviously, this cycle was fast and furious – for lack of a better term – in terms of how quickly rates went up, and volumes basically got cut into a third of what they were two-plus years ago. If rates stay with our expectation here, whatever high six is, that piece doesn’t change.” But it’s possible.

Mortgage 500

Mortgage Inventory Marketing Finance 500

Housing Wire

MARCH 21, 2024

SH: I think technology and design are there to help solve the problem and the best technology and the best design are the ones you don’t actually realize are there. SH: Saying AI is like saying software — it’s a generic term. I think if you want to innovate, you need to be able to think long-term.

Real Estate 428

Real Estate Technology Agents Brokerage 428

Housing Wire

SEPTEMBER 13, 2023

I would say by and large, you know, we haven’t seen those kinds of prices since prior to the [global] financial crisis. In terms of agency loan-repurchase demands, the entity acquiring the servicing will be either first or second in the waterfall of liability, according to Tom Piercy, managing director of Incenter Mortgage Advisors.

Marketing 388

Marketing Sellers Buyers Mortgage 388

Housing Wire

AUGUST 31, 2022

From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way. However, CreditXpert isn’t just helping those with lower scores qualify for mortgages. That’s a savings of $40,000 over the life of the loan.

Mortgage 331

Mortgage Clients Loan Officers Finance 331

Housing Wire

APRIL 30, 2024

The changes will prevent the risk that a consumer accepts a higher interest rate in exchange for a credit at closing, without being able to estimate the long-term cost of that tradeoff. They really don’t want premium pricing going on to supplement borrowers.

Mortgage 340

Mortgage Real Estate Agent Sellers Construction 340

Housing Wire

AUGUST 29, 2023

Most real estate sites feature landing pages tailored to broad search terms—think “homes for sale in New York” or “apartments for rent in Boston.” It’s not a cakewalk, especially if your site isn’t a household name. Seeing this gap, I saw an opportunity and decided to leap. The data speaks volumes.

Real Estate 326

Real Estate Realtors Real Estate Agent Agents 326

Housing Wire

NOVEMBER 1, 2023

. “… I would say the next six months will likely be the worst because [IMB] margins are continuing to erode at the moment. “… I think there are going to be a lot of companies that likely won’t come out on the other side of that six-month period.” Even if rates don’t go up [further], it’s going to get worse. “And

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

Housing Wire

MAY 8, 2024

In practical terms, we no longer have many exotic loan debt structures or the guidelines to allow loose credit. However, with first-time homebuyers , they don’t provide a home to sell when they buy, which means they can soak up the inventory. And those inventory levels weren’t even that high to start with.

Inventory 443

Inventory Law New Listings Sellers 443

Housing Wire

AUGUST 30, 2023

” Eales didn’t shy away from the challenge. “We’re first in terms of the audience that comes to Realtor.com with more intent to buy or sell than any other site. News Corp has an audience of over 160 million, and there’s a lot of that audience that doesn’t come to Realtor.com.

Real Estate 367

Real Estate Agents Buyers New Listings 367

Housing Wire

OCTOBER 18, 2023

. “We’re hoping to have a final policy [for the payment supplement partial claim] out before the end of the year, although I will say keep your fingers crossed that we don’t face any lapse in appropriations that would shut down the government.” 14-17 in Philadelphia. ”

Mortgage 387

Mortgage Government Insurance Tools 387

Inman

JANUARY 23, 2024

Canada has shorter mortgage terms, which are now forcing people to move. Meanwhile in Australia, most buyers don't even use agents.

Marketing 165

Marketing Agents Buyers Mortgage 165

Housing Wire

FEBRUARY 22, 2024

And it seems like with technology , even when times are good, a lot of companies aren’t interested because there’s so much money to be made. A lot of the discussions were very much: ‘let’s not just make incremental changes, let’s really look long-term. What were some of the areas it focused on?

Technology 290

Technology Tools Government Mortgage 290

Housing Wire

MARCH 8, 2024

While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term. An interesting thing about our business is we were kind of born into a headwind in terms of the interest rate environment.

Investing 338

Investing Real Estate Agent Marketing Real Estate 338

Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. Blend won’t abandon its usage-based fee revenue model. And it doesn’t plan to cut prices. “I wouldn’t say that getting to profitability is irrelevant to us. .

Mortgage 380

Mortgage Marketing Human Resources Clients 380

Housing Wire

JUNE 21, 2023

We wanted to find a platform where the capital, the ownership structure, was long term, meaning we were looking for a group of individuals that owned a mortgage entity to operate in perpetuity, and there was no strategy to build it up to a certain level and then sell it. But I really don’t regret it. That’s a given.

Business 340

Business Lending Marketing Government 340

Housing Wire

JANUARY 17, 2024

” But don’t expect a refi boom like the one during the COVID years. “We do not anticipate a large cycle over the near/intermediate term and believe the rate-term refinance pipeline consists of loans originated since May 2022, or $2 trillion, while the majority of loans outstanding still have coupons well below today’s rates.”

Mortgage 431

Mortgage Retail Investors Marketing 431

Housing Wire

OCTOBER 18, 2023

” It doesn’t surprise me that wholesale has gained market share as refi activity has slowed. Setting channel side, where are we in terms of the overall LO landscape? It’s not crazy to think that the LOs who haven’t been able to generate enough purchase business have already washed out.

Retail 510

Retail Loan Officers Brokerage Mortgage 510

Housing Wire

MAY 8, 2024

Her attorneys haven’t replied to HousingWire ‘s request for comments. In another litigation matter involving Pierce and Better, Torres decided that the former executive has to repay a loan to Better that, per the terms of the agreement, totals about $2.7 district court in New York on April 22. million (including interest).

Law 349

Law Investors Marketing Legal 349

Housing Wire

NOVEMBER 15, 2023

In a letter sent to a broker parter that HousingWire reviewed, Citizens said the contract has been terminated according to the terms of the agreement after the close of business on Wednesday. It was enough to make it the 10th largest wholesale lender in the country, per IMF data. Another letter reviewed mentioned the date of Dec.

Retail 419

Retail Mortgage Brokerage Contracts 419

Housing Wire

NOVEMBER 11, 2023

With seasonality kicking in, it doesn’t look good for me this year. I believe this will be the case if the economic and labor data gets softer because the Fed has expressed concern about long-term rates being this high. But even with mortgage rates getting as high as 8%, we’ve yet to hit within that range.

Inventory 464

Inventory New Listings Mortgage Retail 464

Housing Wire

DECEMBER 18, 2023

Those who own lead generation portals will certainly react to the adoption of the new rules, but the rules themselves use specific terms that could challenge the ability of lead aggregators to adapt. I haven’t heard anything yet, but that seems like that’s a possibility. I don’t think this is a bad thing,” he said. “It’s

Mortgage 405

Mortgage Business Legal Real Estate 405

Housing Wire

APRIL 5, 2023

Wells Fargo placed third on the home lending leaderboard in terms of volume, producing $65.74 Rounding out the top five in terms of volume were JPMorgan Chase at $54.25 Bank, Fairway, First Republic Bank and CrossCountry rounded out the top 10 in terms of volume, according to the CFPB data. billion across 142,258 loans.

Mortgage 349

Mortgage Home Improvement Brokerage Lending 349

Housing Wire

JULY 5, 2023

Now-defunct lender Homepoint is suing seven correspondent mortgage lenders, claiming they breached an agreement by either failing to cure the loan defects or repurchase the loan as required under the terms of the correspondent agreement.

Lending 358

Lending Mortgage Investors Finance 358

Housing Wire

MARCH 15, 2022

Logan Mohtashami: No, it will not, it’s gotten worse this year, and typically you can’t start a year at fresh new all-time lows and have that go away in the same calendar year. We don’t want to see the fall and winter fade to fresh new all-time lows in 2023. Do you foresee a flight to safety in short-term yields?

Inventory 393

Inventory Housing Market Retail Marketing 393

Appraisal Buzz

AUGUST 20, 2021

The baseline view of the company’s Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers’ services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don’t think it will prevent solid growth in the current quarter.

Supply Chain 284

Supply Chain Appraisal 284

Housing Wire

JUNE 6, 2023

To get the best product for the borrower, Barnes, like many LOs these days, has had to run different scenarios based on the client’s preferences, including the mortgage term, down payment and whether the purchase would be a primary residence versus investment, as that would affect the pricing of LLPA fees.

Loan Officers 382

Loan Officers Clients Buyers Sellers 382

Housing Wire

OCTOBER 12, 2023

But if you go and look at the financials, there’s no differentiation in terms of cost per loan or speed to close with any correlation that I’ve been able to see on technology spend. That model just doesn’t work. That means no matter how many loans you do, you can’t make money. SW: How do you fix that?

Mortgage 408

Mortgage Technology Contracts Realtors 408

Housing Wire

DECEMBER 12, 2022

Mortgage rates were on a declining trend in November despite the Federal Reserve ‘s efforts to tame inflation — but lower rates haven’t been enough to convince home buyers to lock in their mortgages rates in this volatile market. However, the drop in rates wasn’t enough to spur higher rates of lock activity.

Mortgage 385

Mortgage Inventory Lending Investors 385

Housing Wire

FEBRUARY 8, 2021

billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. Ishbia told analysts that the company doesn’t see originations or margins normalizing in 2021, giving the firm another year of big profits and further investment in technology.

Technology 545

Technology Mortgage Investors Investing 545

Housing Wire

DECEMBER 20, 2023

After all, tens of thousands of loan officers had already exited the industry because they couldn’t generate enough business. “At Mike continued: “Well, doesn’t that smack of bad faith if I’m not offering them my best price from jump? After Mike paid his loan officer assistant, he was clearing just 40 bps.

Loan Officers 446

Loan Officers Clients Law Legal 446

Housing Wire

SEPTEMBER 13, 2023

It allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The product has appeal given that most homeowners with low rates mortgages aren’t motivated to sell their homes in the current environment.

Mortgage 408

Mortgage Government Advertising Buyers 408

Appraisal Buzz

JUNE 29, 2021

The pool, to be known as Pool Type C-ET, will contain loans with terms up to 40 years while the current set of pool types only supports loans with 30 year or shorter terms. The post No, FHA Won't Be Offering 40 Year Loans; Staggering Home Prices; Rates Inch Lower appeared first on Appraisal Buzz.

Appraisal 265

Appraisal Mortgage Marketing 265

Housing Wire

AUGUST 14, 2020

After COVID-19 paused travel , short-term rentals actually fared much better than hotels year-over-year, a new study said. As of June 21, short-term rental revenue per available room was down just 4.5%, while hotel revenue per available room was down a full 64.8% “They really don’t have to worry about [the process].

Design 450

Design Housing Market Real Estate Marketing 450

Housing Wire

APRIL 28, 2023

All those too many things that didn’t directly help our mortgage customer base, or help us re-platform, I’ve cut all of those things out,” Ghamsari said in an interview with HousingWire following a deep dive fea t ure on the company. But that’s assuming we don’t keep improving from that $20 million.

Mortgage 358

Mortgage Investing Business Marketing 358

Housing Wire

FEBRUARY 21, 2024

Late last month, DOJ attorneys initially filed the motion , contending that TCB’s discovery targets are overly broad and would also be burdensome in terms of gathering documents and information. The parties can address the Government’s objections and ensure the scope is reasonable by negotiating custodians, search terms, and date parameters.

Government 369

Government Mortgage Legal 369