Housing Wire

JANUARY 29, 2024

When it comes to home staging, there are two homeowner camps: those who think it’s a waste of money and don’t want to pay more to make their home more attractive to buyers and those who realize the worth and are willing to make the investment needed. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.

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Staging Agents Sales As-is 427

Housing Wire

NOVEMBER 14, 2023

Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. However, delinquency rates are still well below historical averages, according to new data from the Mortgage Bankers Association (MBA).

Mortgages 404

Mortgages Marketing Staging Loans 404

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. from the prior week , according to data from the Mortgage Bankers Association. Refinance activity accounted for approximately one-third of applications (31.9%), as many homeowners have little incentive to refinance.

Mortgages 435

Mortgages Fixed-rate mortgage Loans Marketing 435

Housing Wire

MARCH 19, 2024

The housing affordability crunch for renters and would-be homeowners has been years in the making, and the previous administration did not take action to address it,” Brainard told reporters. NAR also agreed to abolish its “Participation Rule” that required seller agents to make an offer of compensation to buyer brokers.

Mortgages 393

Mortgages As-is Design Closing 393

Housing Wire

NOVEMBER 15, 2023

10 compared to the previous week , according to weekly data from the Mortgage Bankers Association (MBA). The 30-year, fixed mortgage rate averaged 7.5%, falling 26 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. Total home loan applications increased 2.8% for the week ending Nov.

VA loan 437

VA loan FHA loan Mortgages Loans 437

Housing Wire

JUNE 12, 2023

The goal of Zada Home AI Assistant is to assist with the challenges homeowners face when trying to finding answers on remodeling projects, product comparisons, and maintenance and repair inquiries by offering a secure platform that allows users to engage in interactive, two-way conversations.

Technology 383

Technology Branding Finance Design 383

Housing Wire

NOVEMBER 10, 2023

Home equity line of credit (HELOC) and home equity loan originations increased 50% in 2022 compared to two years earlier, according to the Mortgage Bankers Association ’s Home Equity Lending Study. Bank and non-bank lenders are now confronting the urgency to improve their digital experiences to better support home equity lending.

Equity 441

Equity Lending Banks Loans 441

Housing Wire

DECEMBER 7, 2021

According to the Mortgage Bankers Association ‘s Research Institute for Housing America (RIHA), the number of households missing rent or mortgage payments increased from 5.33 of homeowners missed their mortgage payment in October, up from 3.2% The percentage continued the trend down to just over 1% among homeowners.

Mortgages 454

Mortgages Marketing 454

Housing Wire

JULY 1, 2021

Per Redfin , 23% of white homeowners made no financial sacrifices to buy their first home, versus 14% of Black homeowners. When looking at financials, 21% percent of Black homeowners earned $150,000 or more when they bought their first home, versus 11% of white homeowners. of white Americans.

Loan Officer 481

Loan Officer Loans Lending Mortgages 481

Housing Wire

NOVEMBER 28, 2023

It’s another step forward in ensuring our agents have access to industry-best resources,” said Richard Haggerty, CEO of OneKey MLS. Other notable MLSs in the program include Bright MLS , the Houston Association of Realtors and Georgia MLS.

MLS 406

MLS Technology Mortgages Industrial 406

Housing Wire

JULY 17, 2023

The share of mortgage loans in forbearance decreased by five basis points in June 2023 relative to May 2023 to 0.44% from 0.49%, according to the Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey. million borrowers and 220,000 homeowners are currently in forbearance plans. unemployment rate.

Mortgages 369

Mortgages Loans Staging Banks 369

Housing Wire

JULY 28, 2023

Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. The firm said the association aims to help homebuyers make more informed decisions by providing them with data-based insights into the risks associated with their home and neighborhood.

Brokerage 370

Brokerage Finance Lending Mortgages 370

Housing Wire

JUNE 16, 2023

Below-median family income households are overcoming constraints related to increased borrowing costs and home prices and are finding ways to become homeowners, according to Freddie Mac ’s latest economic, housing and mortgage outlook. In terms of home prices, the government-sponsored enterprise (GSE) expects them to fall by 2.9%

Mortgages 395

Mortgages Loans As-is Sales 395

Housing Wire

DECEMBER 27, 2022

Homeowners who refinanced during the pandemic simply aren’t going anywhere, according to Nick Smith, managing partner and CEO at Rice Park Capital Management. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 “The 2002 housing market has been a tale of two halves,” said Green.

Equity 525

Equity Marketing Loans Bankruptcy 525

Housing Wire

APRIL 22, 2021

“The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low-rate environment,” said Sam Khater, Freddie Mac’s chief economist. Freddie Mac research suggests that lower income and minority homeowners have been less likely to engage in the refinance market.

Mortgages 501

Mortgages Loans Industrial Marketing 501

Housing Wire

DECEMBER 1, 2022

Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Most HELOC programs offered by big banks take on average 66 days to get approval, according to the Mortgage Bankers Association.

Equity 437

Equity Renovation Banks Loans 437

Housing Wire

AUGUST 8, 2022

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. CubiCasa , a real estate software company based in Finland, launched a new product to enable homeowners to generate floor plans at no cost through their app.

Property Management 518

Property Management Technology Inspection As-is 518

Housing Wire

AUGUST 22, 2023

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association ’s (MBA) monthly loan monitoring survey. The MBA estimates about 195,000 homeowners are in forbearance plans. million borrowers since March 2020.

Mortgages 369

Mortgages Staging Loans Investor 369

Housing Wire

JUNE 21, 2022

Fewer homeowners paused or reduced their mortgage payments in May, continuing the decline from April when the total number of loans in forbearance fell to a level below 1% of servicers’ portfolio volume. At the end of May, 425,000 homeowners were in forbearance plans.

Loans 383

Loans Staging Mortgages Industrial 383

Housing Wire

APRIL 21, 2021

And while the new division is initially only being introduced in the Omaha market, the company’s plan is to grow the division into a multi-person effort throughout the company’s many offices in Nebraska. million net new homeowner households — a 9% increase. The number of Hispanic homeowners will grow the most, by 4.8

Title 383

Title Marketing Loan Officer Land 383

Housing Wire

SEPTEMBER 13, 2023

The last time mortgage demand was this low, Toni Braxton’s “Un-break my heart” topped the Billboard charts. from the prior week , according to data from the Mortgage Bankers Association. For the week that ended Sept. 8, mortgage applications fell 0.8% The refinance share of mortgage activity decreased to 29.1%

Fixed-rate mortgage 406

Fixed-rate mortgage Mortgages Loans Finance 406

Housing Wire

APRIL 10, 2024

At HousingWire ’s Mortgage Rates Center , the 30-year conforming mortgage rate was 7.16% on Wednesday morning. Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said in a statement that despite the program starting in May, servicers will be provided additional time to implement it, which Veterans should consider.

Mortgages 418

Mortgages Loans Lending Marketing 418

Housing Wire

DECEMBER 22, 2022

Mortgage industry executives, analysts and economists have started to place their bets on where mortgage rates will settle in 2023 amid the Federal Reserve’s tightening monetary policy and the fears of an economic recession. “But new data indicates homeowners are hesitant to list their homes,” Khater said in a statement.

Mortgages 437

Mortgages Banks Finance Closing 437

RIS Media

APRIL 15, 2024

Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning.

Industrial 142

Industrial 142

Housing Wire

MARCH 22, 2024

on homeowners who are more likely to sell, thereby optimizing their lead gen strategy. It provides a select list of homeowners most likely to sell in the next 12 months. According to the National Association of Realtors ® (NAR), 70% of broker/broker associates and 69% of sales agents have a website. Visit Lofty 5.

Agents 417

Agents Land As-is Marketing 417

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. The Fed’s median forecast of 4.6%

Mortgages 437

Mortgages Banks Sales Land 437

Housing Wire

MAY 13, 2021

The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Despites last week’s rates mirroring closer to what was seen in February, Sam Khater, Freddie Mac’s chief economist isn’t convinced they will last. after weeks of declines.

Mortgages 518

Mortgages Fixed-rate mortgage As-is Marketing 518

Housing Wire

NOVEMBER 19, 2020

A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties. Monique Bryher, a broker-associate and realtor in California.

Residential 469

Residential Mortgages As-is Marketing 469

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. With mortgage rates hovering below 3% for over six months now, Sam Khater, Freddie Mac’s chief economist, said this may be a sign of an economy still struggling.

Mortgages 542

Mortgages Lending Loans As-is 542

Housing Wire

JANUARY 9, 2024

homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8% If rates drop far enough, demand for home equity loans could subside, particularly HELOCs, as more homeowners opt for cash-out refinancing, according to Toohig. from $490 billion in the second quarter.

Equity 461

Equity Lending Banks Loans 461

Housing Wire

FEBRUARY 22, 2024

Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls. months as of December 2023), and implementing measures to moderate home price appreciation, fostering increased affordability.

Due diligence 405

Due diligence Marketing Mortgages New Construction 405

Housing Wire

APRIL 9, 2021

The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. Here is a homebuyer’s guide to navigating bidding wars and low housing supply.

Equity 437

Equity Finance Closing Mortgages 437

Housing Wire

AUGUST 4, 2023

Indicators of manufacturing and service sector health remain lackluster, measures of inflation have moved lower, while GDP growth in the second quarter was stronger than expected and consumer spending remains resilient,” said Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan. What’s next ?

Marketing 362

Marketing Residential Construction Commercial 362

Housing Wire

MAY 20, 2021

April’s 7.08% decline in mortgage delinquencies wasn’t even half of the drop March posted, but it did manage to push the national delinquency rate to below 5% for the first time since the beginning of the pandemic, Black Knight revealed in a new report. million homeowners that are 90 days past due ? There are still 1.8

Mortgages 492

Mortgages Loans Agents As-is 492

Housing Wire

MAY 24, 2021

The total number of loans in forbearance managed to fall three basis points last week to 4.22% of servicers’ portfolio volume, according to a report from the Mortgage Bankers Association. million homeowners in some form of mortgage postponement. million homeowners in some form of mortgage postponement. Currently, 5.3%

Loans 437

Loans Staging Mortgages As-is 437

Housing Wire

JUNE 16, 2023

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week by the U.S. Department of Housing and Urban Development (HUD)’s Office of the Inspector General (OIG). “[The]

Loans 370

Loans Mortgages Development 370

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. Part of our housing dilemma is this: How can you make something affordable when you promote it as someone’s best investment?

Loans 544

Loans Banks Equity Closing costs 544