Housing Wire

JANUARY 16, 2024

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today.

Equity 450

Equity Mortgages As-is Sales 450

Housing Wire

AUGUST 29, 2023

Small teams had highest increase in net margin Teams in every size category saw an increase in Gross Margin (GM), with teams having annualized revenue between $300,000 and $550,000 seeing the largest increase in GM from 72.5% of GCI to 49.3% of GCI to 29.0% of GCI, or a decline of 23.1% from Q1 to Q2. of GCI to 29.0% from Q1 to Q2.

Brokerage 356

Brokerage As-is Sales Agents 356

Housing Wire

OCTOBER 28, 2020

With the 30-year fixed rate at MBA’s all-time survey low of 3%, conventional refinances rose 5%. These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories. The average contract interest rate for 15-year fixed-rate mortgages fell to 2.6%

Fixed-rate mortgage 515

Fixed-rate mortgage Mortgages Loans Industrial 515

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S.

Lending 355

Lending Banks Mortgages Loan Officer 355

Housing Wire

DECEMBER 13, 2021

The critical defect rate climbed to 2.27% in the second quarter of 2021, ending the trend of improvement in the previous two quarters. For the coming months, the expectation is that the rate may be volatile. However, he cited the effect of inflation on interest rates as potentially dampening the outlook.

Marketing 317

Marketing Loans Lending Mortgages 317

Housing Wire

APRIL 25, 2024

The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR) — offered insights into various topics about the reverse mortgage product category.

Mortgages 272

Mortgages Finance Equity Lending 272

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. How could they ever justify walking away from a loan with this low of an interest rate ?

Equity 426

Equity Loans Bankruptcy New Construction 426

Housing Wire

JANUARY 30, 2024

For at least the past five years, according to market data, the MSR sector has been increasingly dominated by nonbanks — with a good portion of the loan balance they service at historically low legacy rates. Redfin reports that nearly 79% of homeowners now have rates under 5%.

Marketing 360

Marketing Principal Banks Loans 360

Housing Wire

SEPTEMBER 21, 2022

The seasonally adjusted sales rate for existing homes fell 0.4% month over month in August to a rate of 4.80 The housing sector is the most sensitive to and experiences the most immediate impacts from the Federal Reserve’s interest rate policy changes,” Lawrence Yun, NAR’s chief economist, said in a statement.

Sales 368

Sales Construction Mortgages As-is 368

Housing Wire

SEPTEMBER 13, 2023

The indexes for lodging away from home, used cars and trucks, and recreation were among the categories that decreased over the month. In the second quarter of 2023, the national vacancy rate was 6.3%, up from 5.6% annualized rate. a year earlier. Private sector apartment rent data is implying even slower gains,” he siad.

MLS 365

MLS Construction Closing Mortgages 365

Housing Wire

OCTOBER 7, 2020

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, mortgage rates declined across the board last week – with most falling to record lows – and borrowers responded as refis remained 50% higher than the same week one year ago when rates hovered near 3.64%. of total applications. from 2.95%.

Fixed-rate mortgage 452

Fixed-rate mortgage Mortgages Loans As-is 452

Housing Wire

APRIL 7, 2021

based on specific financial criteria of homebuyers , and unearthed some interesting data. San Jose ranked first in both the “credit score” and “down payment” categories, pushing it to the top spot overall. Record low rates over the past year due to the COVID crisis have worsened the supply picture in an interesting way.

Marketing 436

Marketing Lending Mortgages Closing 436

Housing Wire

AUGUST 16, 2022

Notarize , which offers an all-in-one workflow to complete remote notarizations as part of the eClosing process, jumped to second in this category from third last year. Morty , a platform that lets homebuyers shop lenders to compare and lock in mortgage interest rates, ranked No. The company came in at No. 363 on the Inc.

Mortgages 358

Mortgages Land Sales Design 358

Housing Wire

JUNE 30, 2022

As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. Despite these challenges, a new report from Fitch Ratings found statutory capital will remain strong for U.S. According to Fitch Ratings Senior Director Gerry Glombicki, the U.S.

Title 352

Title Industrial Marketing Commercial 352

Housing Wire

MAY 20, 2021

After hovering below 3% for a month , the average 30-year fixed mortgage rate popped back up six basis points to exactly 3% last week, according to Freddie Mac ‘s PMMS. Mortgage rates climbed north of 3% over the first few months of 2021, but crested at 3.2% in March before descending again.

Mortgages 404

Mortgages Sales Industrial As-is 404

Housing Wire

MAY 23, 2023

Cohen trailed behind Guaranteed Rate ‘s Shant Banosian , who originated $925 million during the same period. For the most part, it’s the $3 million and under category. Those loans, those rates are pretty aggressively priced in comparison to the bank rates like JP Morgan Chase and Bank of America. Cohen funded $751.4

Mortgages 344

Mortgages Marketing Loans Banks 344

Housing Wire

JULY 27, 2022

Rates are now reaching almost 6% for a 30-year fixed mortgage , while the Federal Reserve has enacted substantial interest rate hikes and further increases are likely on the horizon. Meanwhile, products like adjustable-rate mortgages and home equity lines of credit are being reintroduced.

Mortgages 362

Mortgages Marketing Lending Loan Officer 362

Housing Wire

JULY 12, 2023

Shelter, which is the largest category, also posted a sizable increase, rising 7.8% Despite the positive inflation report, the Fed likely will resume its rate hikes when it meets later this month, remaining committed to raising interest rates until the magical 2% inflation target is met,” said Lisa Sturtevant, chief economist at Bright MLS.

MLS 301

MLS Commercial Construction Mortgages 301

Housing Wire

OCTOBER 13, 2023

With BlueForceX’s three business lines, the platform aims to increase lenders’ leads and pull-through rates on their funnel conversions, as well as grow their funded loan volume. We work with tech vendors that we believe are the top three in any respective category,” Moon said. There is no silver bullet.

MLS 382

MLS Technology Mortgages Loans 382

Housing Wire

MAY 15, 2023

mortgage market faced a new “ refinance boom” when mortgage rates declined by nearly 200 basis points between November 2018 and November 2020, following the Federal Reserve rate cuts that were made to remedy the economic impacts of the Covid-19 pandemic. And, the mortgage market is still recovering. ”

Equity 349

Equity Loans Mortgages Banks 349

Housing Wire

JUNE 21, 2022

The largest decline came from the portfolio loans and private-label securities (PLS) category, declining 29 basis points to 1.86%. ” The post Forbearance rate continued to drop in May appeared first on HousingWire. Ginnie Mae loans in forbearance fell 4 basis points to 1.25% of the servicers’ total portfolio volume.

Loans 375

Loans Staging Mortgages Industrial 375

Housing Wire

JUNE 13, 2023

With the Federal Reserve meeting on Wednesday to discuss the federal funds rate, all eyes have been on May’s Consumer Price Index inflation data. is its target for the yearly inflation rate, though it’s unclear if the monetary policymakers will pursue the policy given the likelihood of a recession with further rate hikes.

MLS 344

MLS As-is Industrial Closing 344

Housing Wire

NOVEMBER 8, 2023

Some may require you to activate specific spending categories, so pay attention to bonus offers, and sign up to maximize your rewards. Home office : If you use part of your home exclusively for business, you may be able to deduct a portion of your residential expenses, such as mortgage interest, rent, utilities and maintenance.

Commercial 436

Commercial Mortgages Residential Brokerage 436

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. Other indices put mortgage rates even higher. expects the layoffs trend to intensify in light of higher rates.

Industrial 383

Industrial Mortgages Fixed-rate mortgage Equity 383

Housing Wire

FEBRUARY 14, 2023

This is welcome news for the Federal Reserve , which is continuing to raise interest rates in an attempt to curb inflation via consumer spending. Other categories that contributed to the monthly increase included motor vehicle insurance (1.4%), recreation (0.5%), apparel (0.8%) and household furnishings and operations index (0.3%).

MLS 365

MLS Equity Mortgages Design 365

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. Buyer interest has increased over the past few months, but showing activity is still much lower than it would be in a typical spring market. Mortgage rate fatigue. Selective sellers.

Marketing 409

Marketing MLS Mortgages Equity 409

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. There are still 1.8 million homeowners that are 90 days past due ?

Mortgages 491

Mortgages Loans Agents As-is 491

Housing Wire

JANUARY 10, 2024

Keeping business moving The reverse mortgage business has faced headwinds including reduced volume, high interest rates, lender exits and consolidations. That stands as “a testament” to their dedication to the product category.

Banks 413

Banks Mortgages Lending Loan Officer 413

Housing Wire

MARCH 12, 2023

Mortgage rates fell even though the jobs report was stronger than anticipated. The bank failure spooked bond traders who were looking for higher yields and rates. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. 50% rate hike collapsed tonight.

Mortgages 370

Mortgages Marketing Banks As-is 370

Housing Wire

MAY 12, 2021

Within those categories, each city was scored on a scale of 1 (the top score) to 179 (the lowest score) based on sales per agent, annual median wage for real-estate agents, housing-market health index, and more. times higher than in Portland, Maine, where the flip rate is only 1.95%. A recent WalletHub study of 179 U.S.

Agents 402

Agents Sales Marketing 402

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. Waiting for rates to go down is just a foolish bet. When rates go down, prices are gonna go up and you will see more bidding wars.” So I get to dip my toe into both worlds,” Burruss added.

Loan Officer 394

Loan Officer Mortgages Loans Closing costs 394

Housing Wire

JUNE 10, 2022

trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors. Left unchecked, those dynamics can make it much harder for issuers to execute MBS securitization deals at desired margins, particularly in the current rising-rate environment.

Investor 476

Investor Mortgages Residential As-is 476

Housing Wire

FEBRUARY 17, 2022

The most recent RMBS Credit Indices report from the Kroll Bond Rating Agency (KBRA) shows that loan pools supporting outstanding private-label residential mortgage-backed securities issuances overall are performing relatively well to date in both the prime and nonprime markets. Mid-stage delinquency rates declined from a high of 17.5%

Marketing 359

Marketing Staging Loans Principal 359

Housing Wire

NOVEMBER 1, 2023

It’s expected to be dark, difficult doldrums ahead, one marked by unyieldingly high mortgage rates — now hovering near 8% — and a dearth of mortgage-origination opportunities. Even if rates don’t go up [further], it’s going to get worse. We could be down to 60,000 to 70,000 originators by 2025.”

Mortgages 437

Mortgages Loan Officer Loans Banks 437

Housing Wire

MAY 1, 2023

A flattening of the curve suggests that there is less differentiation in fees across credit score categories holding LTV constant. The new fees are set such that, given risk-based capital requirements of the GSEs overall, they would ensure the enterprises achieve a target rate of return.

Mortgages 402

Mortgages Commercial Development Loans 402

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. Non-QM, like any mortgage product, is affected by interest rate fluctuations. What has definitely changed, as the market mix has shifted, is the interest in non-QM from traditional lenders and brokers.

Marketing 349

Marketing Investor Banks Loans 349

Housing Wire

DECEMBER 11, 2020

In place of the DTI, the “General QM Final Rule” gives lenders relief for loans capped at 150 basis points above the prime rate, the CFPB said. percentage points or more as of the date the interest rate is set,” the bureau said in a statement Thursday. percentage points or more but by less than 2.25

Mortgages 425

Mortgages Loans Investor As-is 425