Housing Wire

JUNE 21, 2022

In a one-week period between June 10 and June 17, 11 publicly traded mortgage companies lost a collective $6.14 The companies include Finance of America Companies , Flagstar Bancorp , Guild Holdings Company , Home Point Capital , loanDepot , Mr. Cooper Group , New Residential Investment Corp. Consumer Price Index showed an 8.6%

Mortgages 393

Mortgages Residential Investor Finance 393

Housing Wire

MARCH 19, 2023

Here’s a quick rundown of the last week: The 10-year yield had a roller-coaster week, and so did mortgage rates, but the 10-year yield held its critical line, and mortgage rates ended at 6.55%. So, we can now add a new variable into the equation for 2023: What does a banking crisis mean for mortgage rates?

Banks 380

Banks Marketing Mortgages As-is 380

Housing Wire

MARCH 12, 2023

They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. The 10-year yield, already at a key critical level, couldn’t break higher but reversed and went lower Friday after the jobs report and the news around Silicon Valley Bank. Already, the future pricing of a.50%

Mortgages 370

Mortgages Marketing Banks As-is 370

Housing Wire

MAY 6, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives a small preview of the upcoming Housing Update webinar and what he will be focusing on during the discussion. This data line has been negative year over year since June 2021. However, purchase application data is doing better than I thought by 6%-10% YoY.

Sales 352

Sales Mortgages Construction Marketing 352

Housing Wire

SEPTEMBER 27, 2022

In the most recent FOMC meeting , held last week, Powell finally clarified what he meant by that term and what a housing reset means to the Fed. dollar is causing too much pain worldwide, and traditionally something breaks when this happens. What a housing reset means. What a housing reset means.

Banks 469

Banks Construction As-is Marketing 469

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgages 394

Mortgages Equity Loans Seller concession 394

Housing Wire

OCTOBER 13, 2022

In 1980, some 4,000 savings and loan institutions (S&Ls or thrifts) accounted for about half of the nation’s $960 billion in outstanding home mortgages at that time. trillion compared with 2021, according to estimates by Fannie Mae , Freddie Mac and the Mortgage Bankers Association (MBA). He points out that in 2021, 85% of the U.S.

Mortgages 367

Mortgages Marketing Banks Loans 367

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 Federal Reserve in Washington, D.C.

Marketing 395

Marketing Purchase and sale agreement Investor Banks 395

Housing Wire

FEBRUARY 7, 2023

That imbalance favors buyers and is expected to be a drag on MSR pricing that threatens to squeeze margins for already struggling IMBs — particularly the smaller players, regardless of whether they sell or retain servicing. trillion in MSRs in 2021, and in 2022 they bought net $440 million [based on UPB].”

Investor 299

Investor Finance Loans Mortgages 299

Realtor.com

JANUARY 23, 2023

Photo-Illustration by Realtor.com; Photos: Getty Images (3) For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming the brakes.

Equity 126

Equity Residential Marketing As-is 126

RIS Media

DECEMBER 18, 2020

To think about what’s happened with the pandemic, I’m shocked.” ” So, what’s to come? Yun said REALTORS® can expect a post-pandemic rebound, including improved job conditions and stable interest rates into 2021. percent in 2021 and 3.0 percent for 2021 and 2022, respectively.

Marketing 133

Marketing Residential Mortgages Industrial 133

HomeLight

SEPTEMBER 27, 2021

When people buy or sell a home, they are often curious to know the odds that the home will appraise. Although the answer depends on the situation, including whether the home was priced correctly and how fast values are rising in their area, figures from the broader market do offer some general context.

Sales 104

Sales Agents Closing As-is 104

The Close

FEBRUARY 14, 2024

Let’s take the enduring belief that you need a hefty 20% down payment to buy a home—which continues to be a misconception. It’s often the strongest in terms of price and conditions. When they saw your listing, they put their best foot forward because they really wanted the home. The thing is, it can be tricky.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? This view often mimics what we see at the tactical level, but everything must be taken with a grain of salt. So What’s a Buyer to Do? And with that….

New Construction 98

New Construction Construction Land As-is 98

Realtor.com

DECEMBER 5, 2022

Photo-Illustration by Realtor.com / Getty Images (2) For those looking to sell their home, many have been forced to face the fact that they won’t get the price they’d dreamed of receiving anytime soon. To close sales, more sellers are dropping asking prices than at any point in the past few years. The Realtor.com®

Marketing 96

Marketing As-is Closing Sales 96

HomeLight

AUGUST 31, 2021

Updated August 31, 2021. It’s a professional salon, so what can go wrong? When you’re buying your first home, your first relationship with a real estate agent can mean either a relatively smooth, easy experience for you … or a complete nightmare. What does a real estate agent actually do? Table of Contents.

Agents 128

Agents Closing costs Inspection Closing 128

Toronto Realty Blog

SEPTEMBER 12, 2022

Let’s talk about who killed JFK, who’s responsible for 9/11, and who put the caramel in the Caramilk bar. And what of conditional sales from August that firm up a few days into September? But what day did I absolutely not expect the stats to be released? First and foremost: average home price increased last month.

MLS 100

MLS Sales Brokerage Marketing 100

The Close

FEBRUARY 6, 2024

I once had a client who wanted to put in an offer on a home with a pool. I’ve compiled a list of my top tips on how to win a bidding war on a house to help you outsmart your competition and get your clients into their dream homes. Example: I had some clients move from another state where they had just sold their previous home.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Toronto Realty Blog

AUGUST 2, 2022

What in the world is a laser-disc? My father was also told that the only movie in the world that would really, truly, fully, and confidently display the power of THX in-home surround sound was noneother than Terminator 2: Judgment Day. I came home one day in September of 1992, and I swear, I could hear it from the street outside!

MLS 106

MLS As-is Technology Marketing 106

Realtor.com

DECEMBER 20, 2022

Just a few months ago, home prices hit record heights, investors were gobbling up scores of homes, and buyers were racing to purchase whatever they could before prices rose even further. Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Sound familiar?

Marketing 113

Marketing Construction Investor New Construction 113

Housing Wire

APRIL 21, 2023

The trading volume of mortgage-rights servicing (MSRs) so far this year is on pace to meet or exceed last year’s robust mark , when MSRs on some $1 trillion worth of home loans exchanged hands — then fueled by the spike in interest rates, industry players say. Bayview Cos. Bayview Cos. which controls Lakeview Loan Servicing ].

Loans 69

Loans Banks Equity Mortgages 69

Housing Wire

DECEMBER 20, 2021

The 10-year yield and mortgage rates. For 2022, my range for the 10-year yield is 0.62%-1.94% , similar to 2021. This is very similar to what I have done in the past, paying my respects to the downtrend in bond yields since 1981. This couldn’t happen in 2020 but should happen in 2021.

Mortgages 543

Mortgages Sales As-is Construction 543

Toronto Realty Blog

NOVEMBER 8, 2021

The dog stayed home. There was , however, one issue at the onset: who would stay home to give out candy? But in 2021, the world seems to be (I can’t believe I’m saying this…) a better place. Actually, that’s not quite true. Bella, my dog, wasn’t equipped. Actually, not the entire photo.

Sales 91

Sales MLS Marketing As-is 91

Point2Homes

MAY 25, 2021

At the beginning of 2020, right when the pandemic hit, our homebuyer flash survey revealed that many home seekers were forced to put their plans on hold. But although house hunters have resumed their activity, the new market conditions are shattering their hopes of buying — o nly 21% still plan to buy a home in the next six months.

Pre-approval 95

Pre-approval Agents Marketing Closing 95

Hank Miller Team

MARCH 24, 2022

A 1 mortgage rate increase cuts home buyer affordability between 10-11. In January, Timmy had a very nice $450K home in his sights but was annoyed with the price and having to compete with other buyers. Will prices stabilize? Yet others decided to bite the bullet, deal with the market and secure a home.

Mortgages 40

Mortgages As-is Development Loans 40

RIS Media

JANUARY 7, 2021

7 from 11 a.m. ET and attracted over 16,000 attendees who tuned in to learn from 30 of the industry’s leading brokerage firms, along with 10 of the most dynamic coaches and trainers. He was joined by NAR leadership members, CEO Bob Goldberg and 2021 President Charlie Oppler. “Presence creates trust.

Industrial 98

Industrial Brokerage Technology Sales 98

HomeLight

APRIL 15, 2022

A couple in Atlanta is ready to sell their charming and recently renovated three bed, two bath brick two-story home. They decide to look into “What is an iBuyer?” They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. What is an iBuyer? What does iBuyer stand for?

Title 89

Title House Flipping Title search Sales 89

Toronto Realty Blog

JUNE 24, 2022

Before you read the following, ask yourself this simple question: “Will the areas outside the province of Ontario show a better or worse market that what we read about in Wednesday’s blog?” We also noted that, since December of 2021, twenty-four of the twenty-six areas have seen an increase in the HPI.

As-is 79

As-is Marketing Investor Sales 79

RIS Media

APRIL 8, 2021

The virtual event was held on April 8 from 11 a.m. “In 2021, we’ve challenged our leadership team to complete our Fairhaven program, go through the At Home With Diversity certification and watch the video on implicit bias.” ” “Fair housing never stops. ” asked Featherston.

Agents 84

Agents Industrial Technology Sales 84

RIS Media

MARCH 5, 2021

2020 transactions: 11 ,600. Dan Forsman: The last day of our brand convention in Nashville on March 13, 2020, everything began to shut down, so we went from a wide-open spring market to sending everyone home. Within two weeks, everyone was home. But I needed to figure out how to push 10 years into the future in two weeks.

Branding 64

Branding Sales Agents As-is 64

HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021.

Closing 112

Closing Purchase and sale agreement Pre-approval Inspection 112

Housing Wire

AUGUST 23, 2023

That’s a stark contrast to what was expected at the end of 2022, when economists forecast rates to be roughly 5.5% The last time mortgage rates reached the 8% level was in the early 2000s, when home prices were significantly lower. Mortgage rates can hit 8% What does it mean for mortgage rates? at this point.

Mortgages 367

Mortgages Loan Officer Loans As-is 367

Real Trends

JUNE 13, 2022

An idea came to me, and I wondered if there was a software-based solution to help people sell their homes and provide them with the tools they need to do so,” Minerick said. Today, Homecoin operates in 11 states and although Minerick hold broker’s license in all 11 states, he considers himself first and foremost a programmer.

Agents 62

Agents MLS Brokerage Industrial 62

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. First, total home sales should be 6.2 First, total home sales should be 6.2 This is new home sales and existing home sales combined.

Sales 470

Sales Mortgages Construction Lending 470

Toronto Realty Blog

APRIL 19, 2023

Earlier this month, I wrote: “Beating The Bully At Their Own Game” It was a blog about buyer-clients of mine who were interested in a house, only to see a bully offer submitted on the property, but ended with them beating out the bully offer and buying the home. Could they use more space? Can they afford to buy up ? Absolutely.

Agents 79

Agents Title search As-is Closing 79

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. What is going on here? We see this in the data.

Construction 513

Construction Bankruptcy Sales House Flipping 513

Housing Wire

FEBRUARY 19, 2021

The National Association of Realtors reported that existing home sales for January were at 6,669,000, which beat estimates. The median sales price also jumped 14.1% year over year, which I warned could happen during the years 2020-2024. The chart below shows the 10-year yield as of the close of Thursday.

Sales 520

Sales Mortgages As-is Marketing 520