Housing Wire

Criminal charges filed against Texas Realtor Jenna Ryan

Housing Wire

Nine days after participating in the riot at the U.S. Capitol, federal criminal charges were filed against Frisco, Texas-based Realtor and broker Jenna Ryan.

FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac.

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What bonds are telling us about the housing market

Housing Wire

Think of the markets as capitalist soothsayers. They do not abide by partisan politics, social mores or ethics. They do not care who is president. The markets react to what has the potential to make money for companies, good or bad, and what has the potential to prevent companies from making money.

New-year optimism reflected in mortgage applications jump

Housing Wire

Mortgage applications jumped 16.7% after a 4.2% drop last week , according to the Mortgage Bankers Association.

Mortgage rates drop even lower to new record of 2.65%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell two basis points this week to 2.65% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec.

How big of a down payment do you really need?

Housing Wire

There’s a common misconception that you need a 20% down payment to purchase a home. But the truth is, your down payment depends on your lender, credit score and the type of mortgage you qualify for. For example, some loans require as little as 3% down. .

Will we have a buyer’s housing market in 2021?

Housing Wire

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum.

Guaranteed Rate to acquire Stearns Lending

Housing Wire

Chicago-based lender Guaranteed Rate is acquiring multi-channel lender Stearns Holdings for an undisclosed sum, multiple sources told HousingWire Tuesday.

Could 2% define mortgage rates for the next decade?

Housing Wire

The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically low levels 16 times over the past 12 months.

Should you refinance to a 15-year mortgage in 2021?

Housing Wire

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage.

LoanDepot files paperwork to go public in 2021

Housing Wire

The moment has finally arrived: California-based lender loanDepot has filed an updated S-1 with the Securities and Exchanges Commission and plans to go public in 2021. The company, founded by billionaire entrepreneur Anthony Hsieh, said Monday that its affiliate loanDepot Inc.

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Rocket Mortgage performs first eNote close on Ginnie Mae mortgage

Housing Wire

In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae -backed loan as part of a pilot program. Now, it says the market is set to see widespread eClosings of Ginnie Mae loans by the end of this year.

The 2021 housing market will be stronger than 2020

Housing Wire

Jeff Tucker Zillow Senior Economist. This is the fourth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel.

Democrat Senate win could cut refinance wave short

Housing Wire

Georgia held its runoff election on Tuesday, and Democrats appear to have won control of the Senate. Now, housing experts are shifting their 2021 forecasts, theorizing that the refinance wave could be cut short.

Closing costs: Here’s how much money you really need to buy a house

Housing Wire

Are you considering purchasing a home for the first time? Then you’re probably already saving money for your down payment. But what about all the other costs needed to complete the transaction?

Alongside rising yields, mortgage rates increase to 2.79%

Housing Wire

The average mortgage rate for a 30-year fixed loan rose from its previous record low by 14 basis points this week to 2.79%, according to Freddie Mac ’s Primary Mortgage Market Survey. This marks the first time mortgage rates have risen in almost two months.

How record-low mortgage rates changed everything in 2020

Housing Wire

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries.

7 things that have changed forever in the mortgage industry

Housing Wire

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning.

U.S. home prices hit 14-year high in October

Housing Wire

The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S. census divisions, reported an 8.4% increase in October from a year ago, and a 7% increase from September. The National Index is now up 24.5% from its former high in July 2006.

Fed considers regulating AI used by financial institutions

Housing Wire

The Federal Reserve is looking into the rise of artificial intelligence and machine learning, and is considering stepping up its oversight of these technologies used by financial institutions.

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What to expect from the 2021 housing market

Housing Wire

Although I had pockets of joy in 2020, these moments were subsumed in a haze of stress, uncertainty and fear for our country. And, at times, I have found it difficult to keep these emotions from clouding my economic thinking.

Pending home sales continue to slip as 2021 approaches

Housing Wire

pending home sales slid for the third consecutive month in November, dropping 2.6% year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%.

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Impact of the CARES Act on mortgage servicing operations

Housing Wire

Since the CARES Act was signed into law, homeowners across the U.S. have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 million borrowers had been, or still were, on a COVID-19-related forbearance plan, either through the CARES Act or another program.

People movers: Cherry Creek Mortgage, Knock, Radian, Atlas Title

Housing Wire

HousingWire’s people mover section covers the latest hiring announcements in the real estate and mortgage industry. Kicking off this week’s leadership announcements, Cherry Creek Mortgage changed its structure and ownership.

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Don’t expect home sales to slow down in 2021

Housing Wire

Real estate agents across the U.S. have been busy as a result of the pent-up demand from homebuyers due to COVID-19.

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Wells Fargo continues to cede mortgage market share

Housing Wire

Wells Fargo , the second-biggest mortgage lender in the nation, continued to cede market share to nonbank rivals in the fourth quarter of 2020. The lender originated $53.94 billion in the fourth quarter, a 12.5% decline from the prior quarter , when the bank originated $61.6 billion in mortgages.

Existing home sales are still too hot

Housing Wire

In recent articles, I have written that although current sales data for the U.S. housing market has outperformed expectations, I expected these upward trends to moderate.

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Mortgage applications increase for second straight week

Housing Wire

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8%

Mortgage rates hit another record low at 2.67%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec.

2021 housing market outlook: No signs of slowing

Housing Wire

2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago.

Why new home sales are finally moderating

Housing Wire

Reports on housing data are headline-driven, and headlines are designed to cause folks to overreact in both positive and negative ways.

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Will there be a housing supply shortage in 2021?

Housing Wire

This is the fifth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions for our HW+ members. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel.

The good, the bad, and the likely for housing in 2021

Housing Wire

Despite the pandemic, incredibly, the housing market has surpassed all expectations in 2020. Applications to purchase a home hit a low point in the spring due to stay-at-home orders and mandated business closures, but have rebounded swiftly.

Housing 2020 recap: Demographics popped the housing bubble boys

Housing Wire

What a crazy year we have all been through. Last year, I visited Japan, London, Puerto Rico, Oregon and Las Vegas twice. This year I had fewer visits than that to my local barber and I was ecstatic to be there. This was the year we relearned to appreciate small things.

Consumer confidence drops for second consecutive month

Housing Wire

For the second consecutive month , Fannie Mae’s Home Purchase Sentiment Index , a composite index designed to track the housing market and consumer confidence to sell or buy a home, dropped six points in December to 74. Year-over-year, the HPSI is down 17.7 points.

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