Housing Wire

FEBRUARY 20, 2024

This initiative reflects Fairway’s commitment to leveraging its award-winning service and extensive experience in the purchase market to meet the unique needs of retirees looking to buy homes, setting a new benchmark for excellence and innovation in the reverse mortgage sector,” Fairway said of the move.

Mortgages 423

Mortgages Lending Equity Industrial 423

Housing Wire

MARCH 18, 2024

For security purposes, Validate ROV leverages geofencing and time stamps to confirm that photographs accurately reflect current property conditions. The mortgage industry faces numerous challenges related to the valuation process today,” Tim Bowler, president of ICE Mortgage Technology, said in a statement.

Technology 413

Technology Inspection Investor Mortgages 413

Housing Wire

MARCH 18, 2024

The relative amount of movement fluctuates over time on a seasonal and long-term basis. The agent movement reflects the relative mobility of experienced agents between brokerages. This percentage is normalized to reflect a value of 100 at the level of movement in January 2016 (0.7313%). The monthly AMI value finished at 101.9

Brokerage 390

Brokerage Agents MLS Closing 390

Housing Wire

MARCH 13, 2024

Purchase loan application volume increased by 5% from one week earlier but remains about 11% below the level of the same time last year. Purchase loan application volume increased by 5% from one week earlier but remains about 11% below the level of the same time last year. Mortgage applications increased by 7.1%

Mortgages 450

Mortgages Loans Residential Marketing 450

Housing Wire

APRIL 16, 2024

Turning our attention to NAR membership over the same period of time, we observe a pattern consistent with conventional wisdom. Agents exhibit a tendency to weather the storm for some time or await the expiration of dues obligations before making industry exits.

Industrial 450

Industrial Agents Brokerage Sales 450

Housing Wire

APRIL 9, 2024

So, it’s not surprising to see the administration and members of Congress announcing big-ticket legislative initiatives to boost homeownership — like a first-time homebuyer tax credit and the Neighborhood Investment Act to fix up older homes. But it’s time for a reality check. The American homebuyer needs help.

FHA loan 450

FHA loan Loans Title Mortgages 450

Housing Wire

APRIL 15, 2024

properties are spending minimal time on the market. The median age of listings on Zillow currently stands at 43 days, reflecting the varying dynamics across different segments of the housing market. San Jose, San Francisco, Seattle, San Diego and Los Angeles reign as the priciest markets among the nation’s top 50 metros.

New Construction 437

New Construction Construction Mortgages Marketing 437

Housing Wire

DECEMBER 20, 2023

The relative amount of movement fluctuates over time on a seasonal and long-term basis. The agent movement reflects the relative mobility of experienced agents between brokerages. This percentage is normalized to reflect a value of 100 at the level of movement in January 2016 (0.7313%). The monthly AMI value finished at 75.8

MLS 409

MLS Brokerage Agents As-is 409

Housing Wire

APRIL 1, 2024

However, this seemingly innocuous change would have significant consequences , particularly for first-time buyers with modest incomes. Sacrificing first-time buyers Last month, the Department of Justice (DOJ) weighed in on the lawsuits by issuing a statement calling for the end of broker cooperation. That is highly unlikely.

Equity 473

Equity Agents Industrial Land 473

Housing Wire

MAY 1, 2023

The FHFA stated that the goals of the fee changes were “to maintain support for purchase borrowers limited by income or wealth, ensure a level playing field for large and small lenders, foster capital accumulation at the Enterprises, and achieve commercially viable returns on capital over time.” Therein lies some of the confusion.

Mortgages 410

Mortgages Commercial Development Loans 410

Housing Wire

DECEMBER 26, 2023

Real estate experts say the performance reflects limited inventory in the country, a problem expected to continue in 2024. The data shows that eight of 20 cities registered all-time highs: Miami, Atlanta, Chicago, Boston, Detroit, Charlotte, New York and Cleveland. The data released on Tuesday shows that home prices in all nine U.S.

Mortgages 500

Mortgages Marketing Sales As-is 500

Housing Wire

DECEMBER 28, 2023

HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.56% on Thursday, down from 6.68% recorded at the same time last week. While not universal, many analysts expressed a belief that rates will be lower by this time next year.

Fixed-rate mortgage 491

Fixed-rate mortgage Mortgages Finance Equity 491

Housing Wire

NOVEMBER 2, 2023

This came in the wake of the sexual harassment allegations brought forth in a New York Times exposé. Nykia Wright, former CEO of the Chicago Sun-Times, will serve as interim CEO as the trade group searches for a new CEO. Wright will take the helm starting Nov. This is a developing story and will be updated throughout the day.

Development 491

Development Industrial Closing As-is 491

Housing Wire

APRIL 23, 2024

Scale is an important tool for maintaining investment in people and technology, Schmidt said, and the additional companies that Guild has brought aboard recently reflect its goals for culture and leadership and may have had issues of scale that were solved by joining Guild, she said. Everybody has a voice.

Mortgages 414

Mortgages Technology Development Loans 414

Housing Wire

SEPTEMBER 19, 2023

Additionally, the mortgage application measure and the pending home sales index are increasingly diverging, reflecting the higher cash share of sales, the ESR group noted. It’s the first decline in 2023 reflecting the difficulties of 7% mortgage rates and reduced housing affordability.

Sales 439

Sales Mortgages As-is Marketing 439

Housing Wire

JANUARY 29, 2024

Now it’s time to make this your year. Follow a business plan An effective plan includes committing to consistent lead generation , knowing where and how you’ll generate those leads and having an organized database, a schedule reflective of your goals and specific numbers to track. All this happened, but you survived it, so go you!

Agents 441

Agents Land Closing Mortgages 441

Housing Wire

OCTOBER 9, 2023

Persistently high mortgage rates surpassed high home prices as the top reason why consumers think it’s a bad time to buy a home – a survey first, Duncan said. In September, 16% of consumers reported that it was a good time to buy a home, matching the all-time survey low set last year. points in September to 64.5.

Mortgages 511

Mortgages Sales As-is Marketing 511

Housing Wire

FEBRUARY 1, 2024

The text reads: “This video has been edited to reflect that, while NAR does not set commissions, a mid-1900s Supreme Court case held that NAR rate cards in use at the time were improper. The video was first posted on Wednesday around 9 a.m. ET before being removed roughly two hours later.

Title 421

Title Residential Brokerage Agents 421

Housing Wire

NOVEMBER 27, 2023

The relative amount of movement fluctuates over time on a seasonal and long-term basis. The agent movement reflects the relative mobility of experienced agents between brokerages. This percentage is normalized to reflect a value of 100 at the level of movement in January 2016 (0.7313%). The monthly AMI value finished at 93.1

Agents 426

Agents MLS Brokerage As-is 426

Housing Wire

FEBRUARY 23, 2024

But before we address this, let’s look at the report because this report still shows what I have believed for a long time: even with elevated mortgage rates and home prices , lower rates lead to more demand as we are working from historically low levels of sales. However, the last four weeks have had negative trending data.

Sales 472

Sales Days on market Mortgages Investor 472

Housing Wire

APRIL 30, 2024

FHFA Director Sandra Thompson said that the publication of the final rule is necessary at a time of housing unaffordability for many Americans. “As As we reflect on the significance of Fair Housing Month, FHFA and its regulated entities will continue to address barriers that make affordable housing difficult to find,” Thompson said.

249

249

Housing Wire

NOVEMBER 14, 2023

Full-time or part-time remote workers in this generation might even go for smaller homes near coworking spaces or business facilities. For those who work remotely full time and can’t utilize a coworking space, a dedicated home office is a must. Here are 14 real estate trends Gen Z buyers won’t pass up.

Renovation 502

Renovation Technology Design Agents 502

Housing Wire

DECEMBER 6, 2023

billion in about 24 hours, higher than the $1 billion expected by the company, reflecting an oversubscribed deal. Other peers would follow suit, analysts said at that time. times, lower than its target of 3.5 Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. In total, $1.8

Principal 404

Principal Equity Mortgages Investor 404

Housing Wire

FEBRUARY 6, 2024

However, according to the complaint, the bank’s mortgage lending was focused disproportionately on white areas, which is reflected, among other things, in the closing of its sole branch in a predominantly Black and Hispanic neighborhood in Winston-Salem in 2021. In 2023, the bank originated about $2.3 The settlement includes $11.75

Banks 408

Banks Lending Loan Officer Loans 408

Housing Wire

MARCH 5, 2024

Purpose: Primarily used to calculate initial HECM principal limits Calculation: Margin + weekly average 10-year CMT Timing: Previous week’s average generally becomes effective Tuesday Dan Hultquist When expected rates are higher at origination, borrowers qualify for less principal at closing. With a HECM loan, the U.S.

Principal 420

Principal Mortgages Loans Equity 420

Housing Wire

NOVEMBER 3, 2023

The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. This is why, for a long time, I have targeted that 157 million to 159 million level as the baseline level for job growth, reflecting the slower growth rate of our population.

Mortgages 496

Mortgages Land As-is Marketing 496

Housing Wire

MARCH 11, 2024

What I know As someone who has worked in reverse for a long time, I knew that a reverse mortgage would give them peace of mind without putting their house at risk. In both forward and reverse lending, it’s common to have first-time borrowers that need to learn about the process they’re going through.

Industrial 458

Industrial Mortgages Loans Lending 458

Housing Wire

FEBRUARY 1, 2024

Rocket — under the helm of Varun Krishna , a veteran in the financial technology world — is becoming more focused on technology than ever. Onboarding Alastair (Alex) Rampell highlights Rocket’s priority of becoming a fintech company. 1, according to an 8-K filing with the Securities and Exchange Commission (SEC) on Thursday.

Technology 408

Technology Finance Equity Mortgages 408

Housing Wire

DECEMBER 7, 2023

billion in about 24 hours, higher than the $1 billion expected by the company, reflecting an oversubscribed deal. times at the end of September, lower than its target of 3.5 Pennymac will use the proceeds of the offering to repay $650 million in debt due in October 2025. In September, Freedom Mortgage raised $1.3 A total of $1.8

Principal 359

Principal Equity Investor Mortgages 359

Housing Wire

DECEMBER 19, 2023

As part of that obligation, private sector players are endowed with a complex, at times conflicting, set of actions under often-difficult-to-construe fair lending laws. This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. All of us can be part of the solution.

Lending 408

Lending Loans Equity Finance 408

Housing Wire

APRIL 1, 2024

Some of this reflects “pent-up demand,” according to NIC representatives. This is in addition to a lack of necessary renovations in seniors’ existing homes, which are designed to make aging in place easier to accomplish for longer periods of time. In the fourth quarter of 2023 the average rate was at 85.1% in the 31 largest U.S.

Renovation 366

Renovation Technology Design As-is 366

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines. Existing-home sales dropped 4.1%

Sales 409

Sales Mortgages Closing As-is 409

Housing Wire

MARCH 8, 2024

I’ve gotten this wrong more times than I’ve gotten this right. Nearly every time we had someone over, I would sneak to my room and change my clothes to match the guest as best I could. The journey to becoming a great leader often hinges on one fundamental principle – helping others discover and embrace their true selves.

As-is 415

As-is 415

Housing Wire

DECEMBER 22, 2023

They spend their time contemplating what additional actions they can take to achieve success rather than sinking into setbacks. To be successful in a down market, it is crucial to be cautious and highly selective about spending time with and consuming content of those who may contribute to a negative environment.

Loan Officer 430

Loan Officer Agents Marketing Loans 430

Housing Wire

JANUARY 30, 2024

The Case-Shiller index measures repeat sales data and reflects a three-month moving average. By historical standards, housing demand is still very high, with Millennials in prime first-time homebuying ages. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 5.1% annual gain in November, up from a 4.7%

Mortgages 431

Mortgages MLS Marketing Sales 431

Housing Wire

JANUARY 19, 2024

It remains unclear which other systems are impacted, and a representative advised that the website encompasses all public-facing statements on the matter at this time. Those forms were expected to be reflected on the servicing website as soon as it was brought back online, the company explained. 8 statement on the attack.

Technology 412

Technology Equity Loans Mortgages 412

Housing Wire

MARCH 28, 2024

Starting strong is less important for a deal that takes a long time to close. By the time rates reached 5%, the refi business was essentially gone. Most experts believe that it’s only a matter of time before mortgage rates come down. One of the most critical moments in any race is the very beginning.

Mortgages 462

Mortgages Technology Loan Officer Loans 462