Banks, Fixed-rate mortgage, Industrial and Marketing

Mortgage lenders, borrowers react to banks closures

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and applied for home loans. That was a favorable development,” Deitch said.

Banks

Banks Mortgages Fixed-rate mortgage Loans

Mortgage rates declined amid banks failures. What’s next?

Housing Wire

MARCH 16, 2023

After increasing steadily for over a month, mortgage rates fell last week following a deposit run that provoked a liquidity crisis in regional U.S. financial institutions — and resulted in the failures of Silicon Valley Bank and Signature Bank. But what is there to expect ahead for the housing market? by mid-week.

Banks

Banks Mortgages Fixed-rate mortgage Lending

The Fed is not done with rate hikes, even as the housing industry begs for mercy

Housing Wire

JUNE 15, 2023

The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. The industry wants a complete stop.

As-is

As-is Industrial Fixed-rate mortgage Mortgages

The housing industry will soon be up in ARMs

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. It’s a very well-trodden path.”.

Industrial

Industrial Loan Officer Fixed-rate mortgage Lending

How PrimeLending plans to grab market share

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. We’ll reach out to those loan officers in markets where we have existing retail branch locations. billion, according to data from Inside Mortgage Finance.

Loan Officer

Loan Officer Marketing Pre-approval Fixed-rate mortgage

How the Fed’s rate hike will affect the housing market

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Marketing

Marketing Fixed-rate mortgage Loan Officer Pre-approval

Specter of the S&L crisis haunts today’s mortgage market

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.

Mortgages

Mortgages Marketing Banks Loans

Private-label MBS market facing strong headwinds

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing

Marketing Fixed-rate mortgage Bankruptcy Mortgages

Mortgage rates finally eclipse the 3% mark

Housing Wire

SEPTEMBER 30, 2021

Many factors led to this increase, including the Federal Reserve communicating that it will taper its support of the capital markets, the broadening of inflation and emerging energy supply shortages which compound other labor and materials shortages,” Khater said. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Fixed-rate mortgage

Fixed-rate mortgage Mortgages Banks Loans

Mortgage rates increase to 3.12% as Fed charts new course

Housing Wire

DECEMBER 16, 2021

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. A year ago, at this time, it averaged 2.21%.

Fixed-rate mortgage

Fixed-rate mortgage Mortgages Lending Banks

Mortgage rates decline to 3.09%

Housing Wire

NOVEMBER 4, 2021

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %. Mortgage application activity dropped 3.3%

Fixed-rate mortgage

Fixed-rate mortgage Mortgages Banks Industrial

Some lenders won’t survive the purchase mortgage market of 2022

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

Mortgages Marketing Lending Loans

Neither rate volatility nor war has stymied the MSR market

Housing Wire

MARCH 3, 2022

Despite the global turmoil sparked by Russia’s recent invasion of Ukraine and the volatility in interest rates that has followed, the mortgage servicing rights (MSR) market remains on track to record one of its most dynamic runs in decades, according to multiple market experts.

Marketing

Marketing Fixed-rate mortgage Mortgages Loans

With mortgage rates dropping, the conforming and jumbo loan spread narrows

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans

Loans Mortgages Banks Fixed-rate mortgage

MBA leadership says it’s “playing offense” to “stop the madness”

Housing Wire

OCTOBER 16, 2023

The market is rocky, margins are tight. And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. on a standard 30-year fixed-rate mortgage. And warehouse lines.

Fixed-rate mortgage

Fixed-rate mortgage Banks Lending Mortgages

Mortgage rates back down below 3%

Housing Wire

OCTOBER 7, 2021

Sam Khater, Freddie Mac’s chief economist, said in a statement that rates remain close to 3% as a result of continued unknowns in the financial markets, as the pandemic lingers on. Mortgage rates typically move in tandem with the ten-year U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.87%.

Mortgages

Mortgages Fixed-rate mortgage Banks Development

Mortgage rates still flat at 2.86%

Housing Wire

SEPTEMBER 16, 2021

Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.” According to Freddie Mac, the 30-year-fixed-rate mortgage was down slightly from last week’s 2.88% (with an average of 0.7 It averaged about 2.87% a year ago.

Fixed-rate mortgage

Fixed-rate mortgage Mortgages Lending Loans

Servicing earnings prop up Pennymac’s Q3 performance

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. Executives see opportunities for the consumer-direct channel to offer customers refinances when interest rates fall. of the loan servicing market, 3.1% of the consumer-direct segment.

Fixed-rate mortgage

Fixed-rate mortgage Principal Banks Loans

Mortgage rates rise to 2.87% after jobs report

Housing Wire

AUGUST 12, 2021

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. Still, there has been some progress in the labor market.

Fixed-rate mortgage

Fixed-rate mortgage Mortgages Banks Finance

To overcome surging mortgage rates, borrowers are turning to mom and dad

Housing Wire

SEPTEMBER 29, 2023

Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. It’s no longer about just outlasting a bad market for a couple of months. “I There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer

Loan Officer Mortgages Fixed-rate mortgage Loans

Prepare for the rise in mortgage rates

Housing Wire

JANUARY 18, 2021

Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times. Freddie Mac’s quarterly forecast estimates that the average 30-year fixed-rate mortgage will be 2.9%

Mortgages

Mortgages Fixed-rate mortgage Banks Industrial

Fed pauses rate hikes in June. But how long will it last?

Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. Real wages also continue to fall, suggesting that the Fed has cooled, if not broken, the labor market. increase in April. What’s next?

Banks

Banks Fixed-rate mortgage Mortgages Investor

Mortgage rates decline amid expectation of economic slowdown

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

Mortgages

Mortgages Fixed-rate mortgage Investor Loans

Wells Fargo’s new down payment grant program offers $10K to eligible buyers

Housing Wire

AUGUST 10, 2023

Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream. Mortgage , and/or Closing Cost Credit. Home prices are on the rise again, mortgage rates are over 7% and the lack of existing homes for sale continues to put pressure on first-time homebuyers.

Fixed-rate mortgage

Fixed-rate mortgage Closing costs Lending Banks

Rise above the panic, for the housing market’s sake

Housing Wire

APRIL 7, 2023

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. When this back and forth was unfolding, mortgage demand rose 2.9%

Commercial

Commercial Banks Fixed-rate mortgage Residential

Fed retreat from MBS market sparks short-term uncertainty

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

Marketing Purchase and sale agreement Investor Banks

Why HELOCs are growing more popular

Housing Wire

FEBRUARY 3, 2023

The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. There is risk involved as HELOCs are tied to the prime rate and can continue to rise. Residential Lending at TD Bank.

Renovation

Renovation Fixed-rate mortgage Equity Finance

Mortgage rates hit highest level since April

Housing Wire

OCTOBER 14, 2021

Treasury bonds and mortgage-backed securities. The central bank has signaled that will eventually come to an end, however, and it is expected to begin to taper off its purchases when substantial further progress is made in the labor market. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.81%.

Fixed-rate mortgage

Fixed-rate mortgage Mortgages Lending Banks

Smaller IMBs are better placed to weather challenges than larger ones, CHLA claims

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

VA loan

VA loan FHA loan Fixed-rate mortgage Banks

Mortgage rates continue to idle at 2.88%

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. financial markets,” said Sam Khater, Freddie Mac’s chief economist. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%.

Mortgages

Mortgages Fixed-rate mortgage Construction Banks

In volatile market, Angel Oak sets 30-day rate lock period

Housing Wire

APRIL 5, 2022

Atlanta-based non-QM wholesale lender Angel Oak Mortgage Solutions has updated its rate lock policy to a 30-day lock period due to the fast-rising interest rates landscape. Lenders offer borrowers to lock the mortgage rates for a period between the offer and the closing date, which vary according to their policies.

Marketing

Marketing Investor Loans Banks

Home equity is the bright gem of the housing market

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes. to 2 points.”

Equity

Equity Marketing Debt-to-income ratio Lending

Just 16 mortgage lenders, brokers make Inc. 5000 list in 2023

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The mortgage industry is still rightsizing following nearly two years of historically low rates.

Mortgages

Mortgages Loan Officer Fixed-rate mortgage Loans

Incoming data will dictate future mortgage rate shifts, experts say

Housing Wire

MAY 3, 2023

In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgages

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage

Home-equity lending blossomed in 2023

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%. Market indicators so far appear tentatively promising.

Equity

Equity Lending Banks Loans

LOs, mortgage rates and the long, cold winter ahead

Housing Wire

DECEMBER 7, 2022

Industry analysts say they expect loan volume to remain depressed for at least the next two quarters, meaning it will be a long winter for loan originators. The recent declines in mortgage rates brought a glimmer of hope that borrowers might be developing more of a stomach for home loans. The market is stabilizing here.”

Mortgages

Mortgages Fixed-rate mortgage Loans Loan Officer

Mortgage rates continue to move north

Housing Wire

OCTOBER 28, 2021

The average 30-year-fixed mortgage rate continues to trend upwards, rising by five basis points to 3.14% for the week ending Oct. Rates have risen roughly 20 basis points over the past month, and market observers believe that rise will continue. Treasury bonds and mortgage-backed securities. 22, 2021. “The

Mortgages

Mortgages Fixed-rate mortgage Banks Development

Will falling mortgage rates entice potential homebuyers off the sidelines?

Housing Wire

NOVEMBER 10, 2023

Because of that, they want to avoid any potential bidding wars by getting back into the market earlier rather than waiting for mortgage rates to drop further. What’s going on with mortgage rates? “So the fact that the Fed didn’t raise rates, the market rushed to say, ‘well, rates are going to get cut.’

Mortgages

Mortgages Fixed-rate mortgage Loans Banks

As mortgage rates skyrocketed in May, ARMs doubled

Housing Wire

JUNE 15, 2022

A panel of experts assembled at a recent Mortgage Bankers Association (MBA) conference in New York predicted that adjustable-rate mortgages (ARMs) will become far more popular this year as purchase mortgages increasingly dominate a housing market contending with fast-rising interest rates.

Mortgages

Mortgages Fixed-rate mortgage Loans Investor

Purchase mortgage rates jump to 5.23% Freddie Mac PMMS shows

Housing Wire

JUNE 9, 2022

Black Knight ’s Optimal Blue OBMMI pricing engine, which includes some refinancing data — but excludes cash-out refis to avoid skewing averages – measured the 30-year conforming mortgage rate at 5.5% Creating a path to success in today’s purchase market. This week, mortgage application volume dropped 6.5%

Mortgages

Mortgages Fixed-rate mortgage Loans Banks

Purchase mortgage rates drop to 5.25% as demand wanes

Housing Wire

MAY 19, 2022

With rates at a higher level, mortgage applications declined 11% this week, compared to the prior week: Refi applications were down 9.5% and purchase apps decreased 12%, the Mortgage Bankers Association (MBA) reported Wednesday. The MBA data show far fewer home sales and mortgage originations in 2022 than a year ago.

Mortgages

Mortgages Fixed-rate mortgage Banks Loans

What Will the Real Estate Market Bring in 2024? Market Corrections or Rising Property Prices?

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. Not necessarily.

Marketing

Marketing Fixed-rate mortgage Construction Residential

Mortgage demand falls again as mortgage rates climb closer to 7%

Housing Wire

FEBRUARY 22, 2023

It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application data is showing that mortgage demand is dropping due to mortgage rates climbing back up.

Mortgages

Mortgages Fixed-rate mortgage Loans Banks

Mortgage rates might soar even higher

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

Mortgages Loan Officer Pre-approval Fixed-rate mortgage

Mortgage lenders, borrowers react to banks closures

Mortgage rates declined amid banks failures. What’s next?

Trending Sources

The Fed is not done with rate hikes, even as the housing industry begs for mercy

The housing industry will soon be up in ARMs

How PrimeLending plans to grab market share

How the Fed’s rate hike will affect the housing market

Specter of the S&L crisis haunts today’s mortgage market

Private-label MBS market facing strong headwinds

Mortgage rates finally eclipse the 3% mark

Mortgage rates increase to 3.12% as Fed charts new course

Mortgage rates decline to 3.09%

Some lenders won’t survive the purchase mortgage market of 2022

Neither rate volatility nor war has stymied the MSR market

With mortgage rates dropping, the conforming and jumbo loan spread narrows

MBA leadership says it’s “playing offense” to “stop the madness”

Mortgage rates back down below 3%

Mortgage rates still flat at 2.86%

Servicing earnings prop up Pennymac’s Q3 performance

Mortgage rates rise to 2.87% after jobs report

To overcome surging mortgage rates, borrowers are turning to mom and dad

Prepare for the rise in mortgage rates

Fed pauses rate hikes in June. But how long will it last?

Mortgage rates decline amid expectation of economic slowdown

Wells Fargo’s new down payment grant program offers $10K to eligible buyers

Rise above the panic, for the housing market’s sake

Fed retreat from MBS market sparks short-term uncertainty

Why HELOCs are growing more popular

Mortgage rates hit highest level since April

Smaller IMBs are better placed to weather challenges than larger ones, CHLA claims

Mortgage rates continue to idle at 2.88%

In volatile market, Angel Oak sets 30-day rate lock period

Home equity is the bright gem of the housing market

Just 16 mortgage lenders, brokers make Inc. 5000 list in 2023

Incoming data will dictate future mortgage rate shifts, experts say

Home-equity lending blossomed in 2023

LOs, mortgage rates and the long, cold winter ahead

Mortgage rates continue to move north

Will falling mortgage rates entice potential homebuyers off the sidelines?

As mortgage rates skyrocketed in May, ARMs doubled

Purchase mortgage rates jump to 5.23% Freddie Mac PMMS shows

Purchase mortgage rates drop to 5.25% as demand wanes

What Will the Real Estate Market Bring in 2024? Market Corrections or Rising Property Prices?

Mortgage demand falls again as mortgage rates climb closer to 7%

Mortgage rates might soar even higher

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