Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

MLS 305

MLS Technology Lending Mortgages 305

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean?

Due diligence 351

Due diligence Brokerage Staging Agents 351

Housing Wire

OCTOBER 2, 2023

Companies are issuing mainly unsecured debt, which has no collateral, to elevate their share in the balance sheet. Data compiled by BTIG shows that 10 lenders have $4 billion in unsecured debt with maturity in 2024 and 2025, only around 10% of the total is due next year, which is not alarming. But that’s not a red flag so far.

Mortgages 381

Mortgages Marketing Investor Lending 381

Housing Wire

APRIL 5, 2023

The MBA data shows the average contract interest rate for a conventional 30-year fixed-rate mortgage ($726,200 or less) fell five basis points from the prior week to 6.40% last week. In recent years, most jumbo loans have been kept on depository balance sheets.”

Loans 393

Loans Mortgages Fixed-rate mortgage Banks 393

Housing Wire

NOVEMBER 28, 2022

GDP growth in the fourth quarter, since the Atlanta Fed data was used by many to say that the U.S. The jobs data, however wasn’t a surprise: the unemployment rate is now 3.7% With all the data we now have in front of us, we can say that the U.S. NAR total inventory data: 1,220,000 listings. It was apparent on Aug.

Mortgages 530

Mortgages Construction As-is Sales 530

Housing Wire

JANUARY 1, 2024

However, a yearly forecast has limitations and in this crazy housing and economic cycle, if people give you a yearly forecast without guidance as variables change, you’ll be dealing with stale data. Here is a chart of the 10-year yield with the inflation growth rate data tied to it for 2023: Now let’s talk about mortgage rates!

Marketing 526

Marketing Construction Sales Mortgages 526

Housing Wire

APRIL 25, 2024

Here’s why: While the output from other free AI tools is limited to data from 2021 (which might as well be from the Jurrassic era), Copilot’s free version has access to the internet. Here’s how it works: local mortgage brokers pay Curb Hero to display their name and contact information on your sign-in sheets as a “paired lender.”

Agents 352

Agents Commercial Branding Design 352

Housing Wire

APRIL 18, 2024

The report, based on loan-level data from Fannie Mae and Freddie Mac , shows that the dollar amount of loan repurchases peaked in the second quarter of 2022, at $630 million for Freddie Mac and $593 million for Fannie Mae. This created balance-sheet havoc for a number of lenders, particularly for small and midsized originators.

Loans 380

Loans Due diligence Investor Technology 380

Housing Wire

OCTOBER 4, 2023

And the bank has about 46 active loan officers in 57 branches, the data shows. First Savings Bank, controlled by First Savings Financial Group, originated about $200 million in mortgage loans over the last 12 months, per the mortgage tech platform Modex. Its volume declined from $1.1 billion in 2021 to $370 million in 2022.

Banks 425

Banks Mortgages Lending Loan Officer 425

Housing Wire

JANUARY 9, 2024

Real estate data firm ATTOM reports that overall HELOC loan originations by count were actually down by 7% in the third quarter of 2023 as interest rates spiked. In addition, Fed data shows that total outstanding loans linked to home-equity products also increased in the third quarter — to $501 billion, up 2.3%

Equity 439

Equity Lending Banks Loans 439

Housing Wire

MARCH 31, 2023

Lenders will collect and report information about the small business credit applications they receive, including geographic and demographic data, lending decisions, and the price of credit,” the CFPB said in an announcement issued this week about the rule. The CFPB has been examining this issue intermittently for several years.

Lending 325

Lending Banks Loans Mortgages 325

Housing Wire

JANUARY 11, 2023

It looks like the decline in rates was about five basis points from what I see on my rate sheet.” Despite the increase, refis are about 30% of the total applications, well below the past decade’s average of 58%, the data shows. ” Gano’s experiences reflect what happened in the market overall.

Seller concession 525

Seller concession Mortgages Loan Officer Loans 525

Housing Wire

MAY 26, 2023

By analyzing Home Mortgage Disclosure Act (HMDA) data from 2021, the CFPB determined that mortgage rates paid by consumers vary across a wide variety of lenders, including for mortgages backed by Fannie Mae and Freddie Mac , the Federal Housing Administration (FHA), the U.S. The monthly payment for a 3.5% higher payment).”

Mortgages 344

Mortgages Loans Finance Closing 344

Housing Wire

DECEMBER 17, 2021

Managing balance sheet risk. To effectively confront these challenges, managing balance-sheet risk will be key. Balance-sheet risk also entails developing cash flow forecasts to ensure velocity is maintained and sufficient to propel the business forward. Opportunity awaits.

Industrial 370

Industrial Mortgages Development Loans 370

Housing Wire

MARCH 31, 2022

That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Among other things, household balance sheets appear in better shape, and excessive borrowing doesn’t appear to be fueling the housing market boom.”. Housing Bubble. Let me explain.

Bankruptcy 525

Bankruptcy Lending Mortgages Title 525

Housing Wire

OCTOBER 6, 2023

In efforts to reduce its balance sheet as part of the plan to tighten monetary policy, the Fed is allowing up to $60 billion a month in Treasury securities and $35 billion in MBSs to mature and roll off from its holdings. The central bank currently holds about $2.6 trillion of MBSs as part of its roughly $8 trillion securities portfolio.

Banks 466

Banks Mortgages Loans Investor 466

Housing Wire

AUGUST 8, 2023

billion volume of the previous year, per the mortgage data platform Modex. Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. More pain is yet to come, primarily for depositories. For 138 lenders, no more jumbos!

Banks 334

Banks Loans Mortgages Lending 334

Housing Wire

MAY 4, 2022

During a news conference following the Fed’s committee meeting, Powell announced the increase and outlined the Fed’s plan to begin “the process of significantly reducing the size of our balance sheet,” he said. With regard to our balance sheet, we also issued our specific plans for reducing our securities holdings.

Mortgages 395

Mortgages Loan Officer Principal Industrial 395

Housing Wire

AUGUST 17, 2023

Considering where the economic data has been recently, it makes sense that we are at the higher end of the range because there is no recession in the data lines currently. This week’s economics data, retail sales, and industrial production data beat estimates and the Atlanta GDP data is at 5.8%. of the time.

Mortgages 367

Mortgages Banks As-is Closing 367

Housing Wire

AUGUST 25, 2022

By leveraging innovative digital technology and the company’s industry-leading public records data, the PRISM platform delivers a more efficient, more convenient real estate transaction experience for our title agents and the lenders, real estate agents, buyers and sellers they serve.”. billion.

Title 357

Title Agents Branding Technology 357

Housing Wire

NOVEMBER 4, 2022

Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data. Both these data lines were solid this month, so the jobs data won’t turn damaging enough for the Fed to pivot. Jobless claims.

Marketing 490

Marketing Construction Land Mortgages 490

Housing Wire

NOVEMBER 22, 2022

mortgage lender, Movement funded just under $20 billion in residential mortgages through the first nine months of 2022, down 23% year-over-year, according to data from Inside Mortgage Finance. So we have a strong balance sheet. The company has 1,810 loan officers and 482 branches, Modex data shows. . A top-25 U.S.

Loan Officer 383

Loan Officer Loans Mortgages Residential 383

Housing Wire

DECEMBER 19, 2023

As we enter 2024, proptech companies are likely to place an unprecedented emphasis on monitoring their balance sheets, with a sharp focus on immediate-term profitability. Cybersecurity in real estate: Increasing investments protect sensitive property and financial data in the digital realm.

Marketing 455

Marketing Technology MLS Industrial 455

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”.

Loans 416

Loans Investor Mortgages Title 416

Housing Wire

DECEMBER 13, 2023

Amherst Chairman and CEO Sean Dobson said the shrinking margins in the agency MBS sector are a byproduct of an over-supply of paper and a greatly reduced investor balance sheets for absorbing the debt.

Mortgages 349

Mortgages Marketing Banks Investor 349

Housing Wire

APRIL 10, 2024

Citing data from New View Advisors , FOA describes itself as “the largest Ginnie Mae HECM issuer for the last 10 years” when including AAG, with 37% of total 2023 issuance compared to Longbridge Financial (21%), Liberty Reverse Mortgage (16%) and Mutual of Omaha Mortgage (15%).

Investor 386

Investor Bankruptcy Finance Equity 386

Housing Wire

JANUARY 12, 2021

The most powerful and innovative solution that works in harmony with your LOS to streamline workflow, automate time-consuming processes, and crunch data. Coheus OS combines workflow, task, and service level management with the power of complete access to your LOS data Information and most importantly profit and operational intelligence. #2.

Mortgages 261

Mortgages Lending Loans Sales 261

Housing Wire

FEBRUARY 14, 2024

In a press release the same day as Moody’s downgrade, NYCB CEO Thomas Cangemi stated the company “took decisive actions to fortify our balance sheet and strengthen our risk management processes during the fourth quarter,” has not received downgrades from other rating agencies and is hiring a new chief risk officer.

Banks 392

Banks Mortgages Commercial Residential 392

Housing Wire

MARCH 12, 2024

With the acquisition, Guild became the eighth largest nonbank retail mortgage lender and increased its origination volume by 25% based on third-quarter 2023 data, according to Inside Mortgage Finance. Our balance sheet remains strong and provides us with the flexibility to continue to invest in our growth.” million as of Dec.

Marketing 385

Marketing Mortgages Loans Finance 385

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

Closing 325

Closing Title Land Brokerage 325

Housing Wire

JANUARY 27, 2023

We have had some conflicting data points recently. As you can see below, new home sales haven’t gone anywhere for some time now, and the previous months’ data tends to get revised lower. This traditionally means money goes into the builder stocks — they’re not expensive stocks and now have a much better balance sheet, like U.S.

Mortgages 540

Mortgages Sales Construction Closing 540

Housing Wire

MAY 17, 2023

We have access to a lot of data. And that’s also where our balance sheet comes into play [Rocket had $900 million in cash at the end of March]. We’re very fortunate when you look at our balance sheet, cash position, and ability to use stock as currency. That’s where I go back to our balance sheet.

Marketing 319

Marketing Banks Mortgages Industrial 319

Housing Wire

FEBRUARY 8, 2021

Data released on Monday by the Mortgage Bankers Association showed that the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week. The MBA data shows that homeowners who remain in forbearance are more likely to be in distress, with fewer continuing to make any payments.

Loans 486

Loans Equity Investor Mortgages 486

Housing Wire

MARCH 30, 2023

Even though housing data recovered by May 2020, people didn’t want to believe the data and assumed housing was going to fall more, especially with forbearance on the horizon. The purchase application data below clearly shows this. As always, we will take the data one day, week, and month at a time and walk this path together.

VA loan 503

VA loan Loans Banks Mortgages 503

Housing Wire

JULY 21, 2022

Sales Boomerang reviewed data from more than 170 residential mortgage lenders that use its platform to monitor millions of customer and prospect records. The report added: lenders must carefully weigh the pros and cons and potential balance sheet impacts of retaining versus selling mortgage servicing rights. .

Mortgages 391

Mortgages Marketing Equity Loans 391

Housing Wire

AUGUST 31, 2022

Data entry is a separate function and can be completed with client staff or offshore partners. Quality inspection after data entry can be customized to account for new employees or experts with low error rates. All management queues can assign work by hard states versus easy states or what suits the employee.

Title 314

Title Technology Inspection Loans 314

Housing Wire

FEBRUARY 9, 2024

I c an’ t even imagine it becoming anything of a conversation. (…) You should think of us as having a rock-solid balance sheet.” The company had the data of nearly 15 million current and former clients exposed in a hacking incident , which resulted in at least four class-action suits. The key for us is sustainability.

Loans 376

Loans Principal Equity Banks 376