Housing Wire

APRIL 9, 2024

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. All these homebuyer charges add up. To contact the editor responsible for this story: Sarah Wheeler at sarah@hwmedia.com

FHA loan 447

FHA loan Loans Title Mortgages 447

Housing Wire

AUGUST 30, 2023

Yet higher mortgage rates aren’t all bad news for savvy real estate agents. The market isn’t just plagued by high interest rates. A hedge against a downturn And therein lies the opportunity: to assist with all types of housing needs, including rentals. But rental commissions are only part of the story. from a year ago.

Mortgages 409

Mortgages Agents Sales Loans 409

Housing Wire

AUGUST 10, 2023

About 10 years later Gary Keller founded Keller Williams, and it was KW that revolutionized the cap-commission model, which, for all intents and purposes, is a low-cost model. United Real Estate , HomeSmart , Fathom , Realty ONE Group , West USA Realty and Samson Properties all have incredible growth stories since their respective beginnings.

Brokerage 353

Brokerage Industrial Agents Residential 353

Housing Wire

FEBRUARY 4, 2024

Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. If jobless claims data ran over 323,000 on the four-week moving average, that would be a different story, as the 10-year yield would be much lower. It’s not a lot, but anything is positive, which I will take.

Mortgages 513

Mortgages Staging As-is Marketing 513

Housing Wire

APRIL 3, 2024

All In’ and ‘Lock In’ According to the lawsuit, rather than being independent, “corrupted brokers are, in essence, employees in the UWM enterprise.” One of the mechanisms is the “All-In” initiative, which prohibits any broker who does business with UWM from shopping from rivals Rocket Mortgage and Fairway Independent Mortgage Corp.

Loans 458

Loans Loan Officer Mortgages Closing costs 458

Housing Wire

JULY 13, 2022

Over the same time period, here is what happened to 30-year mortgage interest rates: 4% in 2019 3% in 2021 6% in 2022. What is the impact of lumber relative to interest rates? From 2019 to 2022, interest rates added $474. Record low interest rates. What drove high demand for homes?

Title 395

Title Mortgages Construction Finance 395

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Like nearly all firms, their revenues are down. To contact the author of this story: Scott Wright at swright@realtrends.com To contact the editor responsible for this story: Tracey Velt at tracey@hwmedia.com

Brokerage 345

Brokerage Land Residential Agents 345

Housing Wire

MARCH 11, 2024

2030 Transformation: By 2030, all Baby Boomers will have turned 65, traditionally known as retirement age. Lenders are restrained by heavy regulation, interest rate volatility and inadequate loan product innovation to expand access to housing, or to support the costs of aging in place. That’s approximately 4.3

Staging 392

Staging Finance As-is Closing 392

Housing Wire

JANUARY 2, 2024

Here, RMD takes stock of three of the biggest reverse mortgage industry stories of the year and how they helped change the face of the business as we head further into 2024. While that story was certainly an attention-grabber, the bigger industry surprise was the exit of Open Mortgage.

Mortgages 375

Mortgages Lending Industrial Loans 375

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. But they all lead us into economic myopia and societal spirals. If that were the case, parents who front money to children for home purchases would do so at high interest rates. Of this, the U.S. accounts for approximately 23%. exceeds $1.5

Finance 382

Finance Principal Residential Development 382

Housing Wire

FEBRUARY 10, 2024

What is all this data pointing to? Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is a traditional housing activity. 2022: 18.3 % Weekly housing inventory data A really positive story for 2024 is that we have higher housing inventory year over year.

Mortgages 513

Mortgages Sales As-is Closing 513

Housing Wire

APRIL 9, 2024

But it sounds like, in UWM’s telling, all brokers are just fronts for lender partners,” a spokesperson at Hunterbrook said in a statement. Dan Gilbert and Rocket Mortgage have no investment, other financial interests or relationship to Hunterbrook Media. This is not the first time UWM has accused Rocket of being behind the report.

Fixed-rate mortgage 400

Fixed-rate mortgage Loans Mortgages Loan Officer 400

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. All about the rates. Inventory issues.

Industrial 512

Industrial Mortgages Technology Loans 512

Housing Wire

OCTOBER 4, 2023

It was a similar story for Steve Miller, branch manager and senior loan officer at Embrace Home Loans. Borrowers are unfortunately extending their qualifications beyond where they would have been in the past at lower interest rate environments,” Miller said. Is an 8% mortgage rate going to slow down business for all loan officers?

FHA loan 441

FHA loan Loans Loan Officer Mortgages 441

Housing Wire

FEBRUARY 16, 2024

Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States. We felt it made more sense to wait and get through the trough, so we weren’t active at all with an acquisition strategy. Draper and Kramer fit well with that initiative.

Loan Officer 402

Loan Officer Loans Technology Mortgages 402

Housing Wire

MARCH 28, 2024

When this work is done, the lender will have all of the technology required for its team to operate at peak efficiency, and nothing more. In many industries, this frees people up to be great team players and there are wins all around. By the time the refis come back around, those past customers have made new friends.

Mortgages 438

Mortgages Technology Loan Officer Loans 438

Housing Wire

DECEMBER 2, 2023

I said the 10-year yield would only break below 3.37% if the labor market breaks — this level is the “Gandalf line” I have used all year. This is not what they wanted after all their rate hikes. This didn’t happen at all this year, even with mortgage rates heading toward 8%. In Q3, the U.S. However, those are over for now.

Mortgages 543

Mortgages As-is Marketing Closing 543

Housing Wire

AUGUST 7, 2023

The capital, capability and content are present to make all real estate markets smarter, faster, safer and connected. Conflicts among special interests and then the GFC prevented full adoption. Low interest rates and purchases of Agency securities helped to foster a – don’t fix what’s not broken mindset.

Lending 349

Lending Loans Technology Brokerage 349

Housing Wire

APRIL 25, 2023

The Federal Reserve ’s ongoing war against inflation remains a source of uncertainty for interest rates and for broader financial markets. However, the recent softness in home prices has raised questions about whether this is, “2008 all over again!” It has also increased the likelihood of a modest recession later this year.

Short sale 370

Short sale Staging Mortgages Banks 370

Housing Wire

OCTOBER 31, 2023

Confessionally, left-brain nerds like me are drawn to such procedures like moths to a flame, so I have found these proceedings incredibly interesting. The rule change will prohibit listing brokers from paying buyer’s agents and will instead require sellers to pay them directly if they choose to pay them at all. How could they not?

MLS 412

MLS Agents Industrial Technology 412

Housing Wire

MAY 4, 2024

Here’s the new listings data for last week over the last several years: 2024: 70,954 2023: 57,682 2022: 76,095 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. For now, I will chalk this up to the seasonal choppiness we sometimes see with inventory data.

Mortgages 256

Mortgages Sales As-is Marketing 256

Housing Wire

SEPTEMBER 6, 2023

Consumer profiles will describe the interests, intentions and preferences that signal future purchases for the platforms that dominate the homeownership supply chain. Title: Title may be best positioned to implement the “trust model” that defines the responsibilities of all parties to a complex transaction.

Purchase and sale agreement 369

Purchase and sale agreement Title Mortgages Lending 369

Housing Wire

MARCH 9, 2024

Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows. If so, what will this do to inventory levels?

Mortgages 473

Mortgages As-is Sales Closing 473

Housing Wire

SEPTEMBER 17, 2021

Despite pressure from some notable economic experts for an increase in the Fed funds rate to combat inflation, the Federal Reserve has held fast to its existing zero interest rate policy, otherwise known as ZIRP. A quick look at recent historical interest rate trends provides ample evidence of this.

Marketing 396

Marketing Fixed-rate mortgage Mortgages Principal 396

Housing Wire

DECEMBER 21, 2023

We look forward to telling the true story of Colony Ridge.” However, the loan offered had exorbitant interest rates, ranging from 10.9% Records show that Colony Ridge accounted for more than 92% of all foreclosures recorded in Liberty Count between 2017 and 2022. between 2017 and 2021, per the lawsuit.

Lending 421

Lending Land Development Loans 421

Housing Wire

FEBRUARY 20, 2024

The impact of the pandemic and an unprecedented refinance boom followed in short order by the highest interest rates seen in decades cannot be overstated. The manner in which companies empower these front line producers could make all the difference.

Loan Officer 388

Loan Officer Lending Technology Loans 388

Housing Wire

SEPTEMBER 30, 2020

The strong interest in home-buying observed this summer has carried over to the fall,” Joel Kan, MBA’s economist said to CNBC. I think it’s being driven by interest rates being low and then there’s also people are on the move, related to COVID.”. Well, they’re still coming,” Story said.

Agents 546

Agents Marketing As-is Residential 546

Housing Wire

MARCH 16, 2024

This is the week the balls are all in the Federal Reserve ’s court. I believe it is in the Fed’s interest to keep existing home sales depressed. Weekly housing inventory data The one positive story for me in housing this year is that inventory is growing year over year for both active inventory and new listing data.

Marketing 470

Marketing Mortgages As-is Sales 470

Housing Wire

JUNE 28, 2023

After all, the average retail lender lost nearly $2,000 per loan in the first quarter, and I expect losses to be similar in Q2 and elevated in Q3. After all, as the famous Warren Buffett saying goes, “Only when the tide goes out do you learn who’s been swimming naked.” Sign up here !

Mortgages 357

Mortgages Loan Officer Loans Technology 357

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . All cash buyers now stand at 24%. The last high among all-cash buyers was seen at 35% in 2014.

Marketing 394

Marketing Inspection Lending Sales 394

Housing Wire

SEPTEMBER 6, 2023

Generative artificial intellegence, such as ChatGPT, is changing everything—a statement that comes as little surprise to anyone these days, and least of all to the many real estate agents whose markets are being saturated by artificial intelligence (AI)-empowered buyers. Whenever the market takes a drastic turn it is easy to assume the worst.

Agents 372

Agents Marketing Land Technology 372

Housing Wire

DECEMBER 16, 2023

New listings data for last week in the last several years: 2023: 39,613 2022: 34,973 2021: 39,936 Traditionally, one-third of all homes will have price cuts before they sell. Now that mortgage rates have fallen almost 1.5%, it will be interesting to see what the spring season in 2024 will look like. Weekly inventory change : (Dec.

Mortgages 535

Mortgages Sales As-is Marketing 535

Housing Wire

APRIL 7, 2021

All of it was effective immediately, and mortgage servicers were asked to execute these directives with little guidance on how to ensure compliance with the new law. According to Black Knight , servicers have advanced almost $19 billion in unpaid principal and interest to investors in the past year.

Mortgages 452

Mortgages Principal Loans Finance 452

Housing Wire

DECEMBER 21, 2021

Higher inflation, post-pandemic economic recovery and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. To contact the author of this story: Avi Marcus at amarcus@ocrolus.com.

Mortgages 375

Mortgages Loans Lending Banks 375

Housing Wire

JANUARY 2, 2024

All four signals flashing red is nothing less than a cry for consensus among our industry’s most strategic echelons that it’s time to run some serious, realistic ideas up the flagpole. Who knows whether a consumer needs or is interested in a mortgage? Personal accounts posted by recently laid-off mortgage personnel tell the story.

Mortgages 390

Mortgages Finance Lending Industrial 390

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. But not only did that not happen, home prices quickly got back to all-time highs. Weekly inventory change (Dec.

Mortgages 530

Mortgages Sales As-is Closing 530

Housing Wire

MARCH 18, 2022

His reverse loan production accelerated when walking his referral partners through the intricacies of a reverse mortgage, but says that more specific interest was derived from discussions specifically about H4P. Real estate agent CE classes are required in all states, but unfortunately there is not much uniformity between states.”.

Loans 479

Loans Closing Mortgages Equity 479