Housing Wire

OCTOBER 12, 2023

To that end, the CHLA, NAR and ICBA urged that the Federal Reserve shift its policy to maintain its stock of mortgage-backed securities (MBS) and suspend runoff until liquidity and the spread between the 30-year fixed rate mortgages and 10-year Treasury stabilizes.

Fixed-rate mortgage 541

Fixed-rate mortgage Mortgages Industrial Lending 541

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. The survey shows the same rate was 4.67% a year ago. At Mortgage News Daily , rates were at 6.61% on Thursday afternoon, up one basis point from the previous closing and 23 bps from 6.38% compared to Friday.

Marketing 522

Marketing Fixed-rate mortgage Banks Mortgages 522

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% by the end of 2024 from the current federal funds rate range of 5.25%-5.5%.

Fixed-rate mortgage 530

Fixed-rate mortgage Mortgages New Construction Construction 530

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

Fixed-rate mortgage 473

Fixed-rate mortgage Mortgages Loans Construction 473

Housing Wire

FEBRUARY 10, 2021

The company said Nunnink, who brings nearly a decade of experience working with Freddie Mac’s Optigo network, will leverage her relationships with investors, lenders and borrowers to drive industry-wide outcomes. “At Before that, Nunnink held various production roles for banks and investment groups.

Equity 527

Equity Fixed-rate mortgage Investor Development 527

Housing Wire

APRIL 17, 2024

Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.

Mortgages 473

Mortgages Fixed-rate mortgage Banks Residential 473

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 466

Mortgages Fixed-rate mortgage MLS Staging 466

Housing Wire

SEPTEMBER 23, 2021

This has led to a rise in foreign investor purchases of U.S. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. Presented by: CoreLogic.

Mortgages 450

Mortgages Fixed-rate mortgage Construction Banks 450

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 466

Mortgages Fixed-rate mortgage Investor Loans 466

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 432

Loans Mortgages Banks Fixed-rate mortgage 432

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. What to expect with the Fed

Mortgages 370

Mortgages Fixed-rate mortgage Banks Investor 370

Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. They are likely to be replaced by money managers as investors.

Marketing 383

Marketing Banks Fixed-rate mortgage Mortgages 383

Housing Wire

MAY 3, 2023

The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. For months, the central bank said it needed to make additional changes before it took its foot off the gas. It represents a shift or sorts.

Banks 384

Banks Fixed-rate mortgage Loan Officer Mortgages 384

Housing Wire

JUNE 16, 2022

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. mortgage industry to fund $4.1 Labor Department.

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

MARCH 29, 2022

Mike Cagney didn’t expect to be releasing a cryptocurrency-backed 30-year fixed-rate mortgage product so soon. The plan was for Figure Technologies to launch such a product only after completing the merger with multichannel mortgage lender Homebridge Financial Services. Per Crunchbase , the company has raised $1.6

Mortgages 384

Mortgages Fixed-rate mortgage Technology Loans 384

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. The Fed imposed its fastest series of rate increases since the 1980s, but it wants to avoid over-tightening and causing a significant recession. “In

Banks 384

Banks Fixed-rate mortgage Mortgages Investor 384

Housing Wire

JULY 26, 2023

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. What’s next? However, 79.2%

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Housing Wire

FEBRUARY 10, 2021

The company said Nunnink, who brings nearly a decade of experience working with Freddie Mac’s Optigo network, will leverage her relationships with investors, lenders and borrowers to drive industry-wide outcomes. “At Before that, Nunnink held various production roles for banks and investment groups.

Fixed-rate mortgage 370

Fixed-rate mortgage Equity Investor Development 370

Housing Wire

JUNE 15, 2022

A June market report by a major digital mortgage-exchange and loan-aggregator, MAXEX , which offers an overview of loan-trading activity through the exchange for May, confirmed the MBA panel’s projections. Morgan among its investors.

Mortgages 384

Mortgages Fixed-rate mortgage Loans Investor 384

Housing Wire

MAY 19, 2022

That’s the consensus forecast of a panel of non-agency industry experts who spoke at the Mortgage Bankers Association ’s (MBA’s) Secondary and Capital Markets Conference & Expo in New York City this week. . All of those products have features, maybe bank statement, asset utilization — you name it.

Industrial 450

Industrial Loan Officer Lending Fixed-rate mortgage 450

Housing Wire

JANUARY 10, 2022

The Federal Reserve has announced plans to gradually “taper” its supportive monetary policy: Net acquisitions of agency mortgage-backed securities are expected to cease by the end of March and the Federal Open Market Committee has signaled possibly three 25-basis point increases in the federal funds target by yearend 2022.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

OCTOBER 16, 2023

.” With that, Broeksmit rattled off a number of grievances against foes the Beltway. Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage. Not just mortgages, but servicing.

Banks 421

Banks Fixed-rate mortgage Lending Mortgages 421

Housing Wire

APRIL 7, 2023

Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. This remark comes on the heels of the collapse of Silicon Valley Bank on March 10, the second-biggest bank failure in U.S. When this back and forth was unfolding, mortgage demand rose 2.9% I think so too.

Commercial 396

Commercial Banks Fixed-rate mortgage Residential 396

Housing Wire

SEPTEMBER 9, 2022

The frenetic pace of growth in nonagency issuance has since slowed, however, due to a variety of market pressures — chief among them the contraction of mortgage originations in the face of fast-rising interest rates. “In Less than one year later, in June 2022, the rate reached 5.8% …. “In

Marketing 409

Marketing Fixed-rate mortgage Bankruptcy Banks 409

Housing Wire

APRIL 7, 2022

“The increase in mortgage rates has softened purchase activity such that the monthly payment for those looking to buy a home has risen by at least 20% from a year ago.”. The latest MBA survey this week found that the landscape is reducing borrowers’ demand for mortgages. mortgage points.) Presented by: Finance of America.

Mortgages 384

Mortgages Fixed-rate mortgage Loans Residential 384

Housing Wire

MAY 5, 2022

The leading loan originators represented in the reference loan pool on a percentage basis for this fourth STACR transaction, according to KBRA’s ratings report on the deal, are Rocket Mortgage , 9.6%; United Wholesale Mortgage (UWM), 7.2%; J.P. Morgan Chase Bank , 6.9%; and Wells Fargo , 4.8%. a week earlier.

Principal 370

Principal Fixed-rate mortgage Residential Loans 370

Housing Wire

APRIL 14, 2022

How that policy of shrinking the Fed’s MBS holdings will ultimately shake out short-term in the mortgage origination and secondary markets as it is played out, she said, is simply not knowable at this point, however. “It’s You don’t know what investor demand is going to be. by the end of the year.

Marketing 410

Marketing Purchase and sale agreement Investor Banks 410

Housing Wire

MARCH 3, 2022

Two of those deals involve servicing rights on pools of Fannie Mae loans with a combined value of $610 million — a $242 million deal being brokered for an undisclosed Michigan bank and the other a $368 million offering by an undisclosed Pennsylvania bank. Treasuries, which drives those rates down. “As Here in the U.S.,

Marketing 370

Marketing Fixed-rate mortgage Mortgages Loans 370

Housing Wire

APRIL 5, 2022

With mortgage rates now hovering around 5%, compared with 3% or lower for much of last year, lenders are investing more in non-QM products. UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans. Several other big nonbanks have investor loan products as well.).

Marketing 410

Marketing Investor Loans Banks 410

Housing Wire

JANUARY 25, 2022

With the implosion of the Private Label Securities (PLS) market after the subprime fiasco in 2008, Fannie Mae and Freddie Mac (along with FHA) have assumed an increasing market share of the origination of 30-year fixed rate mortgages. The argument is that “private markets” should have more mortgage market share.

Marketing 370

Marketing Banks Fixed-rate mortgage Loans 370

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 384

Mortgages Loan Officer Fixed-rate mortgage Seller concession 384

Housing Wire

SEPTEMBER 20, 2023

Most Fed officials last June had penciled in two more rate rises this year, one in July and one more in the fall. Most investors are already wondering what it would take for the central bank to lift rates again later this year. range on Wednesday morning, according to interest rate traders. However, only 70.9%

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Investor Finance 450

Housing Wire

FEBRUARY 22, 2023

This compelled investors to up their bets that the Fed will have to keep raising its federal funds rate through the summer. Instead of the central bank pushing the pause button on its tightening of its monetary policy in March, the pause is expected to come in June following three additional 25 bps rate hikes.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Banks 370

Housing Wire

MARCH 29, 2023

The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ. The Towd Point offering, according to a Kroll Bond Rating Agency (KBRA) report, closed in early March, prior to the March 10 collapse of Silicon Valley Bank (SVB). to 2 points.”

Equity 384

Equity Lending Loans Banks 384

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. Bank (53.3%

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

JUNE 29, 2022

Moody’s Investors Service , in a housing-market report released this week, puts some ugly back into the home-sales figures for May, however. “At Freddie Mac ’s most recent Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage at 5.81% as of June 23. The survey of more than 300 U.S.

Marketing 421

Marketing Fixed-rate mortgage Mortgages Sales 421

Housing Wire

SEPTEMBER 22, 2022

The senior debt offering in the securitization was oversubscribed, with participation across mutual funds, credit funds, banks and asset managers,” Unlock’s announcement of the deal states. All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”.

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384