Housing Wire

APRIL 6, 2024

Also, spreads between the 10-year yield and the 30-year mortgage got better last week, which is a big plus for the future if this trend continues. This model was based on rates over 7.25% , but even when mortgage rates headed toward 8% last year, we didn’t see that kind of growth in inventory. 2022: 17.6%

Mortgages 452

Mortgages Land As-is Marketing 452

Inman

JUNE 29, 2023

Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation.

Mortgages 135

Mortgages Investor Banks Marketing 135

Housing Wire

APRIL 23, 2024

Guaranteed Rate made two significant executive appointments, the Chicago -based mortgage lender announced on Monday. CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending.

Loan Officer 421

Loan Officer Loans Lending Mortgages 421

Housing Wire

FEBRUARY 22, 2024

Mortgage rates continued their ascension toward 7% this week, raising doubts about the approaching spring homebuying season. The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, an increase from last week ’s figure of 6.77%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 422

Mortgages Fixed-rate mortgage Loans Marketing 422

Housing Wire

APRIL 18, 2024

Digital mortgage automation solutions provider Floify is partnering with Truv , a consumer-permissioned data platform, the company announced on Wednesday. The integration allows mortgage lenders to verify income and employment seamlessly as borrowers apply for a loan.

Banks 366

Banks Mortgages Loans Sales 366

Housing Wire

APRIL 15, 2024

Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters. Industry educators have long aimed to position a reverse mortgage as a financial planning tool for retirement. The beneficiaries can get more.

Mortgages 448

Mortgages Equity Loans As-is 448

Housing Wire

APRIL 12, 2024

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts. If a reverse mortgage can help your situation, it still makes sense for a lot of people,” Simmons told the organization.

Mortgages 377

Mortgages Equity Lending Industrial 377

Housing Wire

OCTOBER 12, 2023

Mortgage rates kept climbing for the fifth consecutive week, bringing average year-over-year rates 60 basis points higher. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct.

Fixed-rate mortgage 385

Fixed-rate mortgage Mortgages MLS Investor 385

Housing Wire

MARCH 18, 2024

Nevada-headquartered wholesale lender Nations Direct Mortgage revealed that an unauthorized third party obtained access to the data of more than 83,000 customers on or about Dec. The breach was previously reported by National Mortgage News. Nations Direct Mortgage had production origination volume of $1.4

Mortgages 419

Mortgages Technology Loans Industrial 419

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. NAMB members and the entire industry will benefit from using their solutions,” NAMB President Valerie Saunders said in a news release.

Marketing 337

Marketing Mortgages Loans Industrial 337

RIS Media

SEPTEMBER 10, 2020

In June 2020, average mortgage interest rates fell below three percent for the 30-year-fixed-rate mortgage—the lowest level in modern recorded history, according to Mortgage News Daily. Mortgage rates loosely follow the yields on 10-year U.S. Mortgage rates loosely follow the yields on 10-year U.S.

Mortgages 53

Mortgages Fixed-rate mortgage Loans Investor 53

Housing Wire

APRIL 18, 2024

The recent hotter-than-expected inflation reading sent mortgage rates upward. On Thursday, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.31%, up from 7.19% a week earlier. Mortgage applications, for instance, increased for the second week in a row on the back of a strong economy.

Mortgages 318

Mortgages Loans Agents Marketing 318

Housing Wire

MARCH 13, 2024

Good news: The national economy is growing, unemployment is low and corporate revenues are up. For housing and mortgage professionals, however, these apparent boons spell trouble. The cold water comes in the form of the Fed continuing its presently high federal funds rate, which indirectly produces higher mortgage rates.

Mortgages 417

Mortgages Sales Marketing As-is 417

Housing Wire

MARCH 18, 2024

Lennar Mortgage , a financial services subsidiary of Lennar Corp. will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology , ICE announced on Monday. It can also be used as a channel for mortgage holders to seek assistance in times of distress.

Loans 409

Loans Mortgages Technology Finance 409

Realtor.com

JANUARY 13, 2022

The 30-year fixed-rate mortgage averaged 3.45% for the week ending Jan. Comparatively, a year ago, the 30-year fixed-rate mortgage averaged 2.23%, near record-low levels. The 15-year fixed-rate mortgage, meanwhile, rose 19 basis points over the past week to an average of 2.3%.

Fixed-rate mortgage 76

Fixed-rate mortgage Mortgages Banks Investor 76

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage News and Law360.

FHA loan 469

FHA loan Mortgages Loans Development 469

Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

Mortgages 410

Mortgages Loan Officer Lending Loans 410

Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment.

Technology 369

Technology Loans Mortgages Banks 369

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier.

Fixed-rate mortgage 530

Fixed-rate mortgage Mortgages New Construction Construction 530

Housing Wire

FEBRUARY 27, 2024

California-based New American Funding (NAF), which recently acquired Draper and Kramer Mortgage Corp. Last year, she produced about $78 million in mortgages, consisting mainly of Federal Housing Administration (58.8% of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex.

FHA loan 406

FHA loan Loan Officer Loans Mortgages 406

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

Mortgages 485

Mortgages Fixed-rate mortgage Loan Officer MLS 485

Housing Wire

FEBRUARY 5, 2024

The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest rates. The 30-year conforming fixed mortgage rate was at 7.04% on Mortgage News Daily and 6.91% on HousingWire’s Mortgage Rate Center.

Mortgages 468

Mortgages Investor Banks As-is 468

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time. Other indices showed significantly higher mortgage rates this week. on September 27 from 4.3% a week prior.

Fixed-rate mortgage 455

Fixed-rate mortgage Mortgages Loans Investor 455

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. The new members “have generated more than $2.7 on the team.

Mortgages 399

Mortgages Loan Officer Loans Finance 399

Housing Wire

MARCH 21, 2024

More people seem to be aware of the potential utility that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. This is according to survey results published this week by WSFS Mortgage , a division of WSFS Bank. “[M]ost

Mortgages 387

Mortgages Finance Banks Industrial 387

Housing Wire

MARCH 6, 2024

California-based mortgage lender CMG Financial will partner with fintech Sagent for seven years as it brings its servicing business in-house. After an exhaustive search, it was clear Sagent was the right servicing fintech partner with deep mortgage expertise plus highly configurable platforms needed to realize our homeowner-first vision.”

Bankruptcy 354

Bankruptcy Loan Officer Mortgages Investor 354

Housing Wire

JANUARY 17, 2024

mortgage lender United Wholesale Mortgage (UWM) has rebranded its consumer-facing website FindAMortgageBroker.com to Mortgage Matchup. The DNA and mission of this website has not changed, rather Mortgage Matchup provides a new visual identity to help us resonate with consumers in a more modern, approachable way. “The

Mortgages 404

Mortgages Loans Finance Agents 404

Housing Wire

OCTOBER 4, 2023

Mortgage applications ground to a halt for the week ending Sept. 29, falling 6% from the week prior as mortgage rates jumped to a 23-year high of 7.53%, according to new weekly data from the Mortgage Bankers Association. Mortgage application activity is now at its lowest level since 1996, the MBA reported.

Mortgages 481

Mortgages VA loan FHA loan Loans 481

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations.

Mortgages 433

Mortgages Title Loans Lending 433

Housing Wire

JANUARY 31, 2024

United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. The discount is valid on new loan locks through March 29. Top wholesale lenders have launched new initiatives to boost production this year.

Loans 436

Loans Mortgages Closing Marketing 436

Housing Wire

DECEMBER 15, 2023

Dallas, Texas – HousingWire, the leader in mortgage and real estate news and information, proudly announces the ascension of its flagship podcast, HousingWire Daily , to the No. 2 position among business news podcasts in the United States. In-person engagement at events like The Gathering further strengthens the bond. .”

Branding 370

Branding Industrial Mortgages Marketing 370

Housing Wire

MARCH 4, 2024

Three Bayview Asset Management -owned mortgage servicers are seeking to halt a plaintiff’s filing in a data breach lawsuit, citing an overabundance of confidential information shared about the incident, National Mortgage News first reported. and Fairway Independent Mortgage Corp. The objection, filed on Feb.

Mortgages 373

Mortgages Loans Development Technology 373

Housing Wire

APRIL 26, 2024

year over year in March, although growth in listings is expected to subside due to the lock-in effect of higher mortgage rates. HousingWire’s Mortgage Rates Center showed that the average 30-year conventional fixed rate was 7.56% on Friday — up from 6.83% at the start of the year. “My

Marketing 305

Marketing Mortgages Brokerage Sales 305

Housing Wire

APRIL 24, 2024

Over seven years at Brex, Tannenbaum contributed to scaling the company from a three-person startup to a global entity with more than 1,200 employees and $300 million-plus in annual revenue, according to a Figure news release. “We

Lending 313

Lending Technology Design Finance 313

Housing Wire

FEBRUARY 20, 2024

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. The division’s leadership team will now also include Dan Ventura, who has served at Fairway since 2007 and last year was appointed as VP of reverse mortgage operations.

Mortgages 385

Mortgages Lending Equity Industrial 385

Housing Wire

SEPTEMBER 21, 2023

Mortgage rates remained well above 7% on Thursday as markets digested Wednesday’s Fed meeting. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.19% as of Sept. Other indices showed different mortgage rates this week.

Mortgages 418

Mortgages Fixed-rate mortgage Loans Construction 418

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages MLS Loans 450