Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. A look at the role instant title plays in the borrower journey. for 2021-HE1 and 23.8% for 2021-HE2. trillion under management.

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Housing Wire

MARCH 1, 2022

asset-backed securities stood at $1.562 trillion as of June 30 of 2021, up from $1.489 trillion as of the same date in 2020, according to preliminary data released by the U.S. Leading the charge on that front is Japan, which held $332 billion in ABS as of June 30, 2021 — the most recent data available. Foreign holdings of U.S.

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Housing Wire

APRIL 20, 2021

In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said. Only 44% of Black Americans own the home they live in, versus 74.5% of white Americans.

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Housing Wire

FEBRUARY 20, 2024

During that stretch, LOs didn’t have to look far for the next order and the odds were good that it would be a refinance transaction. Today, the refinance market has long since evaporated, with little likelihood of a return to 2021 levels any time soon. However, opportunity remains in today’s housing market for those willing to find it.

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Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. “We expect 2021 to be an even more active year for the housing market than 2020 because homebuyers have a better sense of what the future looks like,” said Fairweather.

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Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Housing Wire

MARCH 19, 2024

Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply. President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike.

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Housing Wire

MARCH 7, 2024

Everything else we look to partner. HousingWire Editor in Chief Sarah Wheeler sat down with Paul Hurst , chief innovation officer at First American , to talk about the challenge of attracting and retaining tech talent and how to know if a project has a big enough vision. Sarah Wheeler: How do you think about buy versus build?

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Keeping Current Matters

JULY 6, 2021

Even still, the amount of household wealth a homeowner stands to earn going forward is substantial. This truly becomes clear when we consider a scenario using a median-priced home purchased in January of 2021 and the projected rate of appreciation on that home over the next five years. Home Price Appreciation and Home Equity.

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Housing Wire

JULY 12, 2023

from last June, the lowest since late 2021 but still well above the Fed’s target. This is the smallest 12-month increase since the year ending March 2021 and the 12th consecutive month of inflation declines. After recording a 4.0% annual increase in May , the CPI rose just 3.0% year over year (down from 8.0%

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Housing Wire

SEPTEMBER 23, 2022

But ultimately, real estate is the business of delivering homeownership — the primary means by which most Americans build generational wealth — to people, and the affordability crisis challenges that, disproportionately affecting low-income homebuyers and people of color. HW Media: What is your current favorite HW+ article and why?

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Keeping Current Matters

FEBRUARY 2, 2021

They look at their earnings and savings and then decide what makes the most financial sense. There is, however, another financial advantage to owning a home that’s often forgotten in the analysis – the wealth built through equity when you own a home. What does the future look like for homeowners when it comes to equity?

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Housing Wire

OCTOBER 22, 2020

It’s worth looking inside the numbers though as we head toward year-end and think about 2021 strategies. 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb.

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Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. There is no exception,” it added.

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Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2% in year three.

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Housing Wire

JUNE 8, 2022

The Equitable Housing Finance Plans represent a commitment to sustainable approaches that will meaningfully address the racial and ethnic disparities in homeownership and wealth that have persisted for generations,” said FHFA Director Sandra Thompson. “We

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Housing Wire

DECEMBER 27, 2022

Although there are clear signs that some borrowers with FHA-backed loans are starting to feel the pressure, market experts who spoke with HousingWire, also stress that, as of now, it looks like the timbers supporting the FHA program, which serves first-time and other lower-wealth borrowers, are strong enough to handle the market disruption.

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Keeping Current Matters

NOVEMBER 10, 2021

Here’s a look at the answers to all three of these questions. The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Here’s a look at home price forecasts from six major entities, and they all project future appreciation: Fannie Mae.

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Housing Wire

JANUARY 29, 2021

HousingWire reached out to Collett to hear more about the current market and what to expect for interest rates and loan volumes in 2021. Jeremy Collett: The obvious answer here is the financial crisis, but I like to look at managing capital markets in terms of modes; you can’t get locked in to one particular strategy.

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Housing Wire

MAY 8, 2023

Lee Smith: That is a transaction we announced in April of 2021, and we closed it on December 1, 2022. If you look at any bank M&A deal, that’s a typical time. Flagstar Bank , a top-25 U.S. mortgage lender, recently participated in two M&A deals. So what do these transactions add to Flagstar?

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Housing Wire

MARCH 4, 2022

Jobless claims data looks solid. So, let’s look at the numbers today with seven months left until the September report: —Feb 2020: 152,553,000 jobs —Today: 150,390,000 jobs. Take a look at the jobs data and which sector added jobs in February: Construction jobs came in big again, and we didn’t have any negative sectors the last month.

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Housing Wire

JUNE 8, 2022

Let’s look back at how some people have interpreted housing market data. We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? Talking about this from a historical standpoint will help us understand better what is happening today.

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Housing Wire

MARCH 15, 2022

I have been on an inverted yield curve watch since Thanksgiving of 2021. So, everything looks about right to me in context with my 2022 forecast and what happened with global yields earlier in the year. Tune in for our next event with Mohtashami happening March 23rd at 12 CT in the #articlediscussion channel.

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Housing Wire

FEBRUARY 7, 2022

The joint underwriters for the Unison securitization deal, conducted through the conduit Unison 2021-1, were Nomura Securities and Barclays Capital. Unison, through its recently announced offering, Unison 2021-1, is securitizing existing REA assets it originated and are now held in an investment fund managed by the company.

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Housing Wire

NOVEMBER 18, 2021

In fact, in a 2021 Fannie Mae Mortgage Lender Sentiment Survey, 41% of lenders stated they prioritized investing in business process streamlining to compete with “online direct-to-consumer lenders” who offer advantages in user experience to attract more customers. HW: Where do you think we are as an industry in the digital mortgage journey?

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Housing Wire

DECEMBER 30, 2022

Low origination volume in the industry likely translates to continued layoffs in the industry, which is why LOs, including Krichmar, plan on strengthening their own niches to look for where business is at. But there’s no sugar coating it – the industry will never look like the pandemic banner years again.

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Keeping Current Matters

DECEMBER 6, 2021

Right now, conditions are very favorable for current homeowners looking for a change. As a seller, that’s great news for you if you’re looking for a quick process. This wealth boost is the result of buyer competition driving home prices up. Win When You Sell. offers in today’s market. Win When You Move. Bottom Line.

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Housing Wire

APRIL 26, 2022

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. More and more financial and wealth advisors are going to be looking to reverse mortgages—and reverse mortgage originators—as they advise their clients.

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Coldwell Banker

OCTOBER 25, 2021

The 2021 “A Look at Wealth” report profiles four Power Player demographics who are reshaping the wealth groups, marking shifts in home buying and lifestyle trends.

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Housing Wire

MAY 5, 2022

In addition, if the proposed rule is adopted, examiners would specifically look at how responsive banks’ products are to low- and moderate-income communities. Banks could receive many more failing grades from their regulators under a recently proposed overhaul of the Community Reinvestment Act (CRA).

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Housing Wire

FEBRUARY 11, 2021

The homeownership gap between white and Black Americans is larger than in the 1960s, and both real estate and mortgage lenders are looking for solutions. Join HousingWire this February as we aim to provide listeners with a greater perspective on how race, housing and wealth intersect, and what experts are doing to close the homeownership gap.

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RIS Media

FEBRUARY 11, 2022

A host of factors, including tech industry growth, consumer lifestyle changes, and historically low-interest rates, made 2021 one of the most unique years the industry has ever seen, particularly within the ultra-luxury sector, Compass stated. of all residential sales at or above $10 million dollars for 2021. increase over 2020.

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RIS Media

DECEMBER 10, 2020

The distribution of wealth among U.S. households became increasingly unequal from 2007 through 2016 as a decline in homeownership and home values impacted the wealth of middle-class families. Meanwhile, the rich recovered faster and their share of wealth increased from 71 percent in 2007 to 77 percent in 2016. Dr. John C.

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Real Trends

AUGUST 9, 2022

If we look at recent Federal Reserve data , it shows that Millennial wealth more than doubled over the pandemic, from $4.55 trillion in 2019 to over $9 trillion by the end of 2021. Baby Boomers still remain well ahead, with nearly eight times that much, while Gen X’s wealth jumped 65% to roughly $41 trillion. .

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Housing Wire

JULY 28, 2021

These two things will help serve any reverse mortgage, but it does particular service for lenders who are looking to bolster their refinance volume, Lunde says. Nobody wants to see their market share go down,” Lunde says. But, when we really start to drill into it a little bit, we’re seeing both of the numbers involved here move against us.

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Broke Agent Media

JANUARY 31, 2023

Given its considerable investment, it looks as though Fannie Mae has embraced the challenge of expanding nationwide access to affordable housing. We look forward to working with our DUS lenders in the coming year to continue to serve the market and address its most pressing challenges. billion in 2021 Green Financing : $9.1

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Realty Biz

OCTOBER 4, 2022

Vickie was recently a featured cover agent in the November 2021 New England edition of Top Agent Magazine. In her new role at Engel & Völkers, Vickie looks forward to using her wealth of knowledge to educate both her clients and her fellow real estate advisors. Vickie joins Engel & Völkers from eXp Realty.

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