Housing Wire

JANUARY 17, 2024

Overall, mortgage applications rose by 10.4% 12, compared to one week earlier, on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. Rates on jumbo loans (greater than $766,550) fell to 6.86% from 6.98% on a weekly basis. in the week ending Jan.

Mortgages 399

Mortgages Fixed-rate mortgage Loans Residential 399

Housing Wire

MAY 30, 2023

New construction could be the beacon of light the housing market desperately needs right now, as home builders are gaining confidence amongst rising sales, hopefully soon to translate to more residential construction breaking ground in the coming months.” Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgages 381

Mortgages Fixed-rate mortgage Construction New Construction 381

Housing Wire

OCTOBER 27, 2022

Borrowers are now seeking options to reduce their initial mortgage payments while hoping that rates will decline enough to warrant a refinance in the next few years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its upward trajectory.

Mortgages 343

Mortgages Fixed-rate mortgage Loan Officer Seller concession 343

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. Demand for approvals has definitely increased, but homebuyers are waiting to see if they will drop just as fast as they have come down recently, said Robby Oakes, managing director at CIMG Residential Mortgage.

Mortgages 449

Mortgages Fixed-rate mortgage Equity Loans 449

Housing Wire

APRIL 7, 2022

Presented by: Finance of America. The latest MBA survey this week found that the landscape is reducing borrowers’ demand for mortgages. Interest in residential mortgage loans fell 6.25% for the week ending April 1. mortgage points.) While refi applications fell 10% from the prior week, purchase apps declined 3.4%

Mortgages 379

Mortgages Fixed-rate mortgage Loans Residential 379

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion, according to a presale report by Kroll Bond Rating Agency (KBRA). billion secured by single-family mortgage reference loan pools valued in total at $156.9 a week earlier.

Principal 325

Principal Fixed-rate mortgage Loans Residential 325

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. of total mortgage applications were for ARMs for the week ending Sep. research and consulting at TransUnion.

Mortgages 397

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 397

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. trillion. homeowners.

Equity 379

Equity Fixed-rate mortgage Principal Loans 379

Housing Wire

JANUARY 9, 2024

Between late October and mid-December, the 30-year fixed-rate mortgage plummeted more than a percentage point [but] since then rates have moved sideways as the market digests incoming economic data,” Sam Khater, Freddie Mac’s chief economist, said in a recent media statement. 16 in the most recent rankings.

Equity 413

Equity Lending Banks Loans 413

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. trillion. homeowners.

Equity 369

Equity Fixed-rate mortgage Principal Mortgages 369

Calculated Risk Real Estate

MARCH 18, 2024

It is some of the “want to sell” group that has been locked in with the golden handcuffs over the last couple of years, since it is financially difficult to move when your current mortgage rate is around 3%, and your new mortgage rate will be in the 6 1/2% to 7% range. Batzer Jonah R. Coste William M.

Fixed-rate mortgage 111

Fixed-rate mortgage Mortgages Equity Title 111

Housing Wire

MARCH 3, 2022

The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt. But opening the wall and taking a sledgehammer to the plumbing usually creates a larger, more costly problem that will take much longer to fix.

Bankruptcy 291

Bankruptcy Investor Fixed-rate mortgage Loans 291

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing 340

Marketing Fixed-rate mortgage Bankruptcy Mortgages 340

Housing Wire

JULY 27, 2022

So, it appears Angel Oak’s liquidity channels are open for business this year, despite what the lender’s asset management arm, Angel Oak Capital Advisors , described in a recently published “2022 Mid-Year Outlook” white paper as a very challenging market for nonagency residential mortgage-backed securities (RMBS). a week earlier.

Marketing 347

Marketing Loans Investor Mortgages 347

Keeping Current Matters

DECEMBER 9, 2020

This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Back in 2006, dubious adjustable-rate mortgages taxed many buyers’ budgets.

Fixed-rate mortgage 250

Fixed-rate mortgage Residential Finance Mortgages 250

Housing Wire

AUGUST 25, 2022

“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). “But I don’t think it can be meaningful for the big companies just because these other markets are smaller than the traditional mortgage market.”

Mortgages 382

Mortgages Equity Loans Seller concession 382

Marco Santarelli

JUNE 23, 2023

In this article, we will explore how rising interest rates affect real estate investors and the various areas where they can benefit. Mortgage Rates and Financing: For investors participating in all-cash deals, higher interest rates don't have much of an impact on the cost of acquiring new investment properties.

Investor 93

Investor Finance Fixed-rate mortgage Commercial 93

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. As a result, I think it has actually insulated some aspects of the market.

Construction 351

Construction New Construction Fixed-rate mortgage Finance 351

Real Trends

NOVEMBER 7, 2022

Here are nine ways buying, owning and selling a home cuts taxes and improves your overall finances. Claiming the mortgage interest tax deduction. To incentivize homeownership, the government offers a mortgage interest tax deduction. To incentivize homeownership, the government offers a mortgage interest tax deduction.

Fixed-rate mortgage 92

Fixed-rate mortgage Agents Equity Principal 92

Housing Wire

MARCH 29, 2023

Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. Securities and Exchange Commission.

Equity 327

Equity Lending Loans Banks 327

RIS Media

APRIL 21, 2022

Mortgage rates sailed past 5% this week with the 30-year fixed-rate mortgage averaging 5.11%, according to the latest Primary Mortgage Market Survey ® released by Freddie Mac Thursday. Key survey findings: 30-year fixed-rate mortgage averaged 5.11% with an average 0.8 realtor.com®’s

Fixed-rate mortgage 85

Fixed-rate mortgage Mortgages Sales Loans 85

Housing Wire

DECEMBER 29, 2023

“It finally seems like we are turning a corner and that’s good news after two years of the Fed’s negative perspective that we’ve heard,” Max Slyusarchuk, CEO of A&D Mortgage , said in an interview. So that will allow people to be more optimistic.

Mortgages 437

Mortgages Loan Officer Loans Equity 437

Housing Wire

AUGUST 29, 2022

. “Whether it’s our enhanced portfolio of adjustable-rate mortgage (ARM) and jumbo products, or more innovative solutions like Homepoint Cash Compete and Homepoint New Build, we’re giving consumers, real estate agents and home builders more reasons to work with our broker partners,” said Phil Shoemaker, president of originations at Homepoint.

Equity 402

Equity Loan Officer Loans Mortgages 402

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. over the past 12 months to 6,121.

Mortgages 355

Mortgages Loan Officer Banks Lending 355

Realtor.com

JANUARY 11, 2021

The moves by the two government-controlled mortgage giants come as the Trump administration seeks to shrink their footprint in housing , especially in areas such as vacation properties that may not serve the core mission of encouraging homeownership by making it more affordable. mortgage market.

Fixed-rate mortgage 83

Fixed-rate mortgage Finance Residential Loans 83

Housing Wire

SEPTEMBER 12, 2023

.” HousingWire spoke to lenders and loan officers to understand their expectations for the mortgage market and, ultimately, their strategies in a refi environment to retain borrowers and mitigate EPO penalties. When will the market turn? Let’s start with the good news.

Loan Officer 392

Loan Officer Loans Investor Mortgages 392

Realtor.com

MARCH 12, 2021

If the potential savings from a new mortgage won’t recoup the closing costs—like title insurance, state taxes, appraisal fees and more—it may not make sense to refinance just yet. The national average for associated refinancing fees is nearly $3,400 with taxes, according to ClosingCorp, a firm providing residential real-estate data.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Marco Santarelli

NOVEMBER 1, 2023

They noted that, “After generally improving in the first half of 2023, the residential sector now appears to be contracting alongside the recent move higher in mortgage rates.” However, financing costs are likely to remain elevated compared to recent norms.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

RIS Media

JANUARY 15, 2021

The National Association of REALTORS® (NAR) hosted some of the brightest minds in the housing finance world on Jan. 14 for a virtual event focused on fine-tuning the trade association’s ongoing proposal to transform Fannie Mae and Freddie Mac into mortgage market utilities. residential market.

Fixed-rate mortgage 77

Fixed-rate mortgage Investor Industrial Residential 77

Marco Santarelli

DECEMBER 22, 2020

The Different Types of Real Estate Mortgage Notes. There are both commercial and residential mortgage notes, and both are open to investors. All mortgage notes should specify the roles and responsibilities of all parties and what qualifies as a breach of the agreement. Fixed-Rate Mortgage Loans.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Realtor.com

NOVEMBER 7, 2022

. “You will find these incentives explained on websites, social media, signs, and other places a builder might advertise to the public,” explains Kimberly Mackey , founder of New Homes Solutions and a sales and marketing management consultant specializing in residential homebuilding. Why builder incentives are on the rise today.

New Construction 76

New Construction Construction Finance Closing costs 76

RIS Media

DECEMBER 30, 2020

We’ve seen the best year for both our franchise and residential businesses in more than a decade, fueled by the effects of COVID-19 and favorable interest rates.”. As the company expanded, so did the opportunities for new sales, thanks in large part to historically low interest rates, which remain around 3.0 July: Growth.

Fixed-rate mortgage 98

Fixed-rate mortgage Residential Technology Sales 98

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. year-over-year drop in new residential projects, construction activity remains sizable. by year-end. Despite a 22.3%

Banks 73

Banks Commercial Construction Fixed-rate mortgage 73

Realty Biz

SEPTEMBER 4, 2021

And importantly, it did so through government-backed, low-interest, fixed-rate mortgages with zero or low-down payments with up to 30-year terms. As soon as builders and the finance industry figure it out, the new suburbs will be very different compared to the normal that existed from the 1950s into the 1990s.

Fixed-rate mortgage 78

Fixed-rate mortgage Construction New Construction Commercial 78

Notorious ROB

MARCH 16, 2023

Since this is not a finance blog nor a banking blog, I urge you to go check out all of the commentariat on finance and banking. More than one finance expert is now thinking that we’ll see mortgage rates at 5% or lower by the end of the year. I know I have. Keep hiking to kill off inflation! Systemic risk!

Banks 72

Banks Finance Fixed-rate mortgage Loans 72

RIS Media

MARCH 9, 2022

Inflation, rising interest rates, and new financing options are bringing more sellers into the market,” said John Deely, executive vice president of operations for Coldwell Banker Bain. Investor interest in residential rentals, plus political pushback on short-term rentals. A year ago, the average rate was 2.81%.

Purchase and sale agreement 94

Purchase and sale agreement MLS Fixed-rate mortgage Mortgages 94

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders. I’m trustworthy!

Marketing 91

Marketing Fixed-rate mortgage Banks Principal 91