Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73

Loan Officer 369

Loan Officer Marketing Pre-approval Fixed-rate mortgage 369

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. 16 in the most recent rankings.

Equity 456

Equity Lending Banks Loans 456

Housing Wire

APRIL 9, 2024

Regarding Termine, the Hunterbrook Media spokesperson said the lawyer exposed the Paul Manafort loan scandal , his prior reporting led to multiple criminal convictions, including that of a bank CEO, and he didn’t work for Rocket. “He He worked for an independent mortgage broker that actually shopped between options.

Fixed-rate mortgage 424

Fixed-rate mortgage Loans Mortgages Loan Officer 424

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. mortgage market was ripe for refinancing, but today closer to 10%. . He points out that in 2021, 85% of the U.S. Past is Present.

Mortgages 370

Mortgages Marketing Banks Loans 370

Housing Wire

OCTOBER 26, 2023

According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. Spector said banks are stepping back from the correspondent channel amid expectations of increasing capital requirements through the Basel III rules. In this channel, the company reached $23.9

Fixed-rate mortgage 410

Fixed-rate mortgage Principal Banks Loans 410

Housing Wire

OCTOBER 27, 2022

Borrowers are now seeking options to reduce their initial mortgage payments while hoping that rates will decline enough to warrant a refinance in the next few years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its upward trajectory.

Mortgages 381

Mortgages Fixed-rate mortgage Loan Officer Seller concession 381

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Mortgage rates have nearly doubled to around 6.5% The median existing house price increased 7.7%

Mortgages 414

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 414

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. trillion.

Equity 393

Equity Fixed-rate mortgage Principal Mortgages 393

Housing Wire

SEPTEMBER 9, 2022

The nonagency share of the market has been rising slowly since then, reaching 4.32% in 2021, according to recent analysis by the Urban Institute ’s Housing Finance Policy Center. In August 2021, the 30-year fixed-rate mortgage rate stood at approximately 2.75%,” a recent KBRA report on the nonagency RMBS market states.

Marketing 399

Marketing Fixed-rate mortgage Bankruptcy Mortgages 399

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. trillion.

Equity 382

Equity Fixed-rate mortgage Principal Loans 382

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Realty Biz

NOVEMBER 24, 2022

When it comes to interesting and quickly changing trends in the real estate industry, 2022 has definitely been a banner year. If you not only live within an HOA but work for one that needs help managing its finances, consider opening an HOA checking account that can be used to pay for the frequent expenses that come up. Time Will Tell.

Industrial 94

Industrial Fixed-rate mortgage Banks Closing 94

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. .”

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

NOVEMBER 10, 2023

“It will not surprise me at all if there’s some intervening speeches that push rates back up on the 10-year Treasury yield,” Duncan said. 9 – a little more than a week after the Fed held benchmark rates steady – Powell said that the central bank is not confident it has done enough to bring inflation down. “My

Mortgages 424

Mortgages Fixed-rate mortgage Loans Banks 424

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 trillion agency MBS portfolio? The Feds existing $2.7

Marketing 403

Marketing Purchase and sale agreement Investor Banks 403

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. over the past 12 months to 6,121.

Mortgages 370

Mortgages Loan Officer Banks Lending 370

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts. to 2 points.”

Equity 379

Equity Lending Loans Banks 379

Marco Santarelli

MARCH 30, 2024

When interest rates are high, borrowing becomes more expensive, which can slow down economic activities such as home buying and construction. This, in turn, can have a ripple effect on related industries, including real estate, home improvement, and retail.

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

Marco Santarelli

APRIL 20, 2024

Experts from various financial institutions and housing associations have weighed in, providing a consensus that, while the rates may not see a dramatic drop, there is an expectation of a downward trend. The Mortgage Bankers Association (MBA) forecasts that the 30-year fixed-rate mortgage will end 2024 at 6.1%

Mortgages 119

Mortgages Fixed-rate mortgage Lending Banks 119

Housing Wire

SEPTEMBER 12, 2023

The 30-year fixed-rate mortgage, which reached 7.17% on Monday at HousingWire’s Mortgage Rates Center , will decline at some point. Several housing industry economists believe rates will drop into the 6s sometime in the fall. Meanwhile, economists at Fannie Mae expect rates to end 2023 at 6.7%

Loan Officer 393

Loan Officer Loans Investor Mortgages 393

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

RIS Media

APRIL 28, 2022

The survey shows the 30-year fixed-rate mortgage (FRM) averaged 5.10% this week. Key findings: 30-year fixed-rate mortgage averaged 5.10% with an average 0.8 15-year fixed-rate mortgage averaged 4.40% with an average 0.9 household mortgage trends. Thus, we may see a change in U.S.

Fixed-rate mortgage 98

Fixed-rate mortgage Mortgages Banks Investor 98

Notorious ROB

MARCH 16, 2023

(which means the world) is undergoing a crisis in banking. As of this writing, three major regional banks have failed (Silvergate, Signature, and of course, Silicon Valley Bank), four others were at the verge of failing until “rescued” by the Feds, and one international giant is teetering (Credit Suisse).

Banks 72

Banks Finance Fixed-rate mortgage Loans 72

RIS Media

APRIL 7, 2022

That number was already eclipsed and now rates are quickly on the rise towards 5%, according to the latest Freddie Mac Primary Mortgage Survey (PMMS), released this week. Key findings: 30-year-fixed-rate mortgages averaged 4.72% with an average 0.8 Last year during this same period the rate was 3.13%.

Mortgages 98

Mortgages Fixed-rate mortgage Banks Investor 98

Realtor.com

JULY 5, 2021

More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market.

Mortgages 121

Mortgages Fixed-rate mortgage Principal Loans 121

Toronto Realty Blog

JANUARY 11, 2024

It’s been at the back of my mind since the spring of 2022 when interest rates started increasing, but it’s not something that I think about every day. And not because the increased renewal rate isn’t a factor in my personal finances, but rather because there’s just nothing I can do about it.

Fixed-rate mortgage 73

Fixed-rate mortgage Banks Mortgages Construction 73

Marco Santarelli

NOVEMBER 1, 2023

Their message highlighted a concerning fact – mortgage interest rates have surged to a 23-year high, dragging down application activity to levels last witnessed in 1996. The Federal Reserve's aggressive stance on interest rate hikes has raised concerns that a housing market recession akin to the 1980s could be in the making.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Housing Wire

APRIL 17, 2024

On Tuesday, they reached 7.50% on Mortgage News Daily, a high for this year. Rising rates are already having visible effects. High mortgage rates, fewer mortgage applications and fewer home sales are unfortunately not the only effects housing professionals could see from a more prolonged high-rate environment.

Mortgages 464

Mortgages Fixed-rate mortgage Banks Residential 464

Marco Santarelli

OCTOBER 22, 2022

The Fed's primary instrument for controlling inflation is its ability to influence interest rates. Based on what it sees in the economy, the Fed can raise or lower its benchmark rate, known as the federal funds rate. Interest rates are predicted to rise in 2023 inflation is extremely high right now. Mortgage rates rise.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Principal Banks 52

RIS Media

SEPTEMBER 8, 2021

In June, Sandra Thompson became the acting head of the Federal Housing Finance Agency (FHFA) after a Supreme Court ruling that allowed President Biden to replace the previous director. Rates fell to pre-crisis levels, home sales rebounded, and housing became and remains a bright spot in the economy. Looking Ahead.

Fixed-rate mortgage 98

Fixed-rate mortgage Finance Lending Mortgages 98

Housing Wire

AUGUST 7, 2023

While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers. The drawback to having a uniform secondary mortgage market is that there isn’t much differentiation in the market. Fixed-rate mortgages provide stability and predictability.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Toronto Realty Blog

MAY 26, 2022

Looks like you’ve got a pretty good following and a good foothold in this industry. Now, consider that the overnight lending rate only has a direct impact on the variable rate mortgage, whereas the fixed-rates are affected by the bond market. ” Then he laid down a challenge. Sure, in theory.

Fixed-rate mortgage 91

Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 91

Marco Santarelli

APRIL 26, 2023

During times of economic growth and prosperity, interest rates tend to be higher as lenders seek to capitalize on favorable conditions. Conversely, during periods of economic downturn or recession, interest rates tend to be lower as the government and central banks attempt to stimulate borrowing and spending to jumpstart the economy.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. I want to talk about three things: trigger rates, variable vs. fixed spread, and alternative lenders. in 2021: FSRA.

Marketing 91

Marketing Fixed-rate mortgage Banks Principal 91

Realtor.com

AUGUST 13, 2020

That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information to circulate, leading home buyers and homeowners astray. 1: Everyone qualifies for low interest rates. 6, according to Freddie Mac.

Pre-approval 145

Pre-approval Mortgages Loans Fixed-rate mortgage 145

Housing Wire

SEPTEMBER 2, 2021

The average 30-year fixed-rate mortgage was flat at 2.87% for the week ending in Sept. 2, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.93%.

Fixed-rate mortgage 529

Fixed-rate mortgage Mortgages Banks Finance 529

Rent, Buy & Sell

JANUARY 20, 2023

Shop around for the best mortgage rates. Before You Buy: Be Honest About Your Finances The question isn’t really how low can prices go during a recession. Paying your mortgage and riding out the downturn is just as important as finding a low-priced home. The housing industry plays an important role in the economy.

Title search 59

Title search Short sale Title Fixed-rate mortgage 59