Housing Wire

APRIL 9, 2024

Regarding loan origination, Rocket said its platform “helped shave several days off the amount of time it takes Rocket’s clients to close on a home purchase, decreasing turn times by 25% from August 2022 to February 2024.” Rocket executives have expressed confidence that investment in AI would accelerate the company’s profitability.

Loans 456

Loans Technology Mortgages Finance 456

Housing Wire

SEPTEMBER 13, 2023

Local Logic , a location intelligence platform that digitizes the built world, has teamed up with Plunk , an AI-driven analytics company, to empower end-users with the technology and insights they need to accelerate and improve home purchase decisions, the company announced on Tuesday.

Residential 433

Residential MLS Investor Technology 433

Housing Wire

FEBRUARY 5, 2024

in November, which at first glance suggests an accelerating housing market. This acceleration, however, is a residual effect of last spring and summer’s strong run of growth, with more recent data suggesting that the growth rate will begin to cool in the coming months, the report noted.

Debt-to-income ratio 454

Debt-to-income ratio Marketing Equity Loans 454

Housing Wire

JANUARY 28, 2024

Purchase application data As we get closer to the end of the first month of 2024, forward-looking purchase application data looks good. Historically, higher rates negatively impact the weekly purchase application data, and I will look for this over the next few weeks. This is common in January.

Mortgages 518

Mortgages As-is Sales Marketing 518

Housing Wire

DECEMBER 16, 2021

The report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. How lenders can accelerate access to credit for marginalized communities. in one week, while the Purchase Index increased 0.7% Presented by: Equifax. in the same period.

Fixed-rate mortgage 505

Fixed-rate mortgage Mortgages Lending Banks 505

Housing Wire

SEPTEMBER 26, 2023

Recently, Local Logic , a location intelligence platform that digitizes the built world, announced a partnership with Plunk to empower end-users with the technology and insights they need to accelerate and improve home purchase decisions.

Industrial 435

Industrial Marketing Technology Brokerage 435

Housing Wire

NOVEMBER 8, 2023

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages. billion total in-house originations, purchase loans came in at $4 billion.

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Principal Loans Mortgages Industrial 417

Housing Wire

JUNE 26, 2023

Atlas also has a minority investment in South Street.) The three companies will collaborate to accelerate industry adoption of MAXEX’s platform and expand access to MAXEX and South Street products and services. “This partnership enables us to further accelerate our growth, expand our product suite and broaden our network.”

Equity 368

Equity Land Investor Loans 368

Housing Wire

APRIL 23, 2024

That means purchase, refis, servicing, home search.” Rocket’s executives have expressed confidence that investment in AI would accelerate the company’s growth and profitability. . “In the past, we focused on things outside of homeownership — auto, solar and these things that were adjacent.

Loans 409

Loans Finance Mortgages Lending 409

Housing Wire

NOVEMBER 13, 2020

We see the same technology acceleration in our residential real estate industry and Zillow as the digital leader is benefiting,” he continued. And this acceleration, he said, has led to an increase in RON usage, and the company says even after the pandemic subsides, there will be no going back. Find out what those are here.

Technology 492

Technology Residential Industrial Closing 492

Housing Wire

AUGUST 31, 2020

Black Knight announced the purchase of the privately held company on Thursday, without disclosing the terms of the transaction. The coronavirus pandemic has accelerated efforts in the mortgage industry to adopt technology such as remote online notarization , known as RON, to create a lending process that is completely digital.

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Lending Technology Mortgages Closing 481

Housing Wire

JANUARY 20, 2024

Traditionally at this time of year purchase apps rise and the number of price cuts fall. However, this data line accelerates when mortgage rates rise and demand gets hit harder. Purchase application data So, the 2024 spring season officially started last week and purchase apps were positive 9% week to week.

Mortgages 541

Mortgages Sales As-is Marketing 541

Housing Wire

JANUARY 13, 2024

However, this data line accelerates when mortgage rates rise and demand gets hit harder. This is why I stress tracking purchase applications the second week of January to the first week of May. As you can see, we are still a bit away from my ultimate goal of having total active listings back to 2019 levels.

Mortgages 532

Mortgages Sales As-is Marketing 532

Housing Wire

APRIL 15, 2024

If this scenario unfolds, analysts and executives will be ready to update their baseline expectations for 2024, including fewer refinance and purchase loans than previously forecast. March was the second month of accelerating inflation and the most significant jump since August 2023. Last week, the U.S.

As-is 454

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Housing Wire

JANUARY 14, 2022

During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections. The appraisal process is ripe for change, and we’ve seen an acceleration of innovation in the last two years.

Inspection 404

Inspection Lending Technology Industrial 404

Housing Wire

NOVEMBER 10, 2021

Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Mortgage rates have remained low in large part due to the Federal Reserve’s massive monthly purchases of $120 billion in U.S.

Fixed-rate mortgage 481

Fixed-rate mortgage Mortgages Closing Loans 481

Housing Wire

JANUARY 6, 2024

This is why following the housing market tracker tied to the 10-year yield, mortgage rates, and purchase application data will be as critical as last year to tell you what’s going on in the housing market. Purchase apps are seasonal; we focus on the second week of January to the first week of May. of the index.

Mortgages 542

Mortgages As-is Branding Marketing 542

Housing Wire

MARCH 6, 2024

They notice their loss of purchasing power. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put.

Mortgages 436

Mortgages Days on market As-is Sales 436

Housing Wire

AUGUST 10, 2023

Despite this below average year, NOAA and the NECI report that the average number of acres burned each year has steadily increased since 1983, with a significant acceleration of wildfire activity between 2010 and 2022. so far this year.

Land 368

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Housing Wire

SEPTEMBER 1, 2023

accelerates. Founded in 1996, Pennsylvania-based Spring EQ offers home equity, HELOCs, refis and purchase loans. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S.

Equity 395

Equity Loan Officer Residential Commercial 395

Housing Wire

FEBRUARY 15, 2021

When you have these two titans acting in unison, it can potentially accelerate real home prices in an unhealthy way. Purchase applications give a right direction trend 30-90 days ahead, and they are now averaging 12.8% The years 2020-2024 will have the best housing demographics ever recorded in U.S.

Mortgages 540

Mortgages Marketing Sales 540

Housing Wire

FEBRUARY 19, 2024

Accelerating home price appreciation can even sometimes help reverse the trend completely as it did in 2023, when distressed homeowners gained an average of $255 a month in equity. On this property we bid $30,000 over the credit bid, the bank’s bid,” said Delille, recalling a foreclosure auction purchase he made in January 2023.

Equity 436

Equity Purchase and sale agreement Loans Mortgages 436

Housing Wire

AUGUST 10, 2023

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. The Homebuyer Access grant program is available to those who have a combined 120% or less of the area median income (AMI).

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

JANUARY 20, 2022

The Federal Reserve announced in December that it is accelerating its tapering of bond-purchases starting in January. It is reducing the pace of its monthly purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities. increase in the trade group’s seasonally adjusted purchase index.

Fixed-rate mortgage 454

Fixed-rate mortgage Mortgages Lending Loans 454

Housing Wire

DECEMBER 12, 2022

The decline was driven across the board by purchase locks, which were down 22%, reflecting the strong impact of seasonality, the long Thanksgiving holiday weekend, and the nationwide lack of housing inventory. The average purchase price fell 1.3% Rate lock dollar volume was down 21.5% in November, down from the revised 8.1%

Mortgages 395

Mortgages Lending Investor Loans 395

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

Loans 515

Loans Closing Mortgages Equity 515

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. The sum entails a $240 million cash payment and approximately 13.2 million shares of nCino common stock, nCino said.

Banks 432

Banks Technology Equity Development 432

Housing Wire

DECEMBER 7, 2021

trillion in agency MBS held in its portfolio, there is a move afoot to reduce at a faster pace new bond purchases, called tapering. It is therefore appropriate in my view to consider wrapping up the taper of our asset purchases, which we actually announced at our November meeting, perhaps a few months sooner.”.

Marketing 427

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Housing Wire

JANUARY 2, 2024

The CE Shop Best Pennsylvania real estate school for accelerated learning Overall Rating: 4.6 Course Access: Six months from the date of purchase. Course Access: Your prelicensing course must be completed within one year of the day that the course was purchased, including taking and passing the course’s final exam.

HR 408

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Housing Wire

JANUARY 2, 2023

The special purpose credit program , dubbed “Purchase Plus,” launched in the last week of December. Eligible homebuyers in one of the six cities are provided a base credit of $5,000 plus an additional lender credit totaling 1% of the home’s purchase price — up to $2,500 — for a potential savings of $7,500.

Mortgages 383

Mortgages Closing costs Closing As-is 383

Housing Wire

APRIL 28, 2021

The purchase market’s recent slide comes despite a strengthening economy and labor market. Activity is still above year-ago levels, but accelerating home-price growth and low inventory has led to a decline in purchase applications in four of the last five weeks.”. Many economists aren’t expecting a slowdown in prices or demand.

Fixed-rate mortgage 460

Fixed-rate mortgage Mortgages Loans Industrial 460

Housing Wire

JANUARY 21, 2021

With last week’s data in, mortgage rates have now managed to hover below 3% for nearly six months and have fueled purchase and refinance activity to record-setting levels amid a global health crisis. With no end in sight to record low rates and the increased loan volume, lenders must streamline workflows and accelerate time to close.

Mortgages 537

Mortgages Fixed-rate mortgage Loans Closing 537

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. The company doesn’t break out purchase business versus refinances in its earnings reports.

Equity 417

Equity Bankruptcy Loans Mortgages 417

Housing Wire

AUGUST 31, 2021

Nevertheless, less competition and more for-sale homes suggest we may be seeing the peak of home price acceleration. acceleration in June. This demand surge may simply represent an acceleration of purchases that would have occurred anyway over the next several years. increase in May. As usual, Phoenix was the leader.

Sales 437

Sales Finance Technology Marketing 437

Housing Wire

JANUARY 19, 2021

The sooner this can be successfully accomplished the sooner growth can accelerate, and our thought is that by mid-year vaccine distribution efforts will be well-established, allowing for a strong second half.”. But even as overall economic growth accelerates, Fannie Mae said housing growth could slow over the next year.

Fixed-rate mortgage 454

Fixed-rate mortgage Mortgages Sales Industrial 454

Housing Wire

MARCH 7, 2023

The Detroit-headquarterd lender will offer Freddie Mac ‘s BorrowSmart Access program for buyers who are purchasing a home in counties across 10 metropolitan areas — Atlanta, Chicago, Detroit, El Paso, Houston, McAllen, Memphis, Miami, Philadelphia and St. Louis, the lender said Tuesday.

Mortgages 382

Mortgages Lending Loans Industrial 382

Housing Wire

APRIL 12, 2024

The index accelerated from February, when it was up 3.2% All of its production in Q1 2024 came from its retail branches and was mainly focused on purchase loans. Regarding the U.S. economy, the Bureau of Labor Statistics on Wednesday reported that consumer prices were up 3.5% in March compared to a year earlier. year over year.

Mortgages 434

Mortgages Banks Fixed-rate mortgage Lending 434