Housing Wire

APRIL 1, 2024

Small businesses will also be hurt Homeownership stands as a quintessential pillar of the American dream, serving as a pathway to the middle class for countless families. It is not only homeowners who have benefitted from America’s robust housing market , so have a slew of small businesses.

Equity 448

Equity Agents Industrial Land 448

Housing Wire

JANUARY 29, 2024

economy centers around slow growth given that there are still factors in play that are highly correlated with a recession. Some are calibrating when they think volumes will pick up, how much of that pickup would be their business and what the cost is of carrying employees for this period. They noted that their forecast for the U.S.

Marketing 453

Marketing Mortgages Investor Technology 453

Housing Wire

NOVEMBER 15, 2023

The latest GDP report, Consumer Price Index findings and softer labor data seem to point towards a mild improvement in the economy, but Yun still sees some worrying signs to watch for in the new year. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted.

Sales 454

Sales New Construction Staging Mortgages 454

Housing Wire

OCTOBER 10, 2023

The high 10-year Treasury yield, which is mirrored in higher mortgage rates, has a very restrictive effect on the economy — and the housing sector, specifically, Mohtashami told the audience. As bond yields rise and the inflation growth rate slows, the Fed should start cutting rates in 2024, Mohtashami added. 10-12 at the Hyatt Lost Pines.

Mortgages 291

Mortgages Banks Staging Industrial 291

Housing Wire

MARCH 21, 2023

economy and real estate markets, having worked at the National Association of Realtors and Move, Inc. economy and real estate markets, having worked at the National Association of Realtors and Move, Inc. Ratiu has more than 15 years’ experience tracking the U.S. Ratiu has more than 15 years’ experience tracking the U.S.

Construction 382

Construction Technology Industrial Agents 382

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. Wells Fargo, for example, shrunk its mortgage business dramatically in 2023, per filings with the Securities and Exchange Commission (SEC). The business grew to $9.8 ” But not yet. ” But not yet.

Mortgages 368

Mortgages Banks Lending Equity 368

Housing Wire

OCTOBER 6, 2023

Meanwhile, leisure, hospitality, government, health care, professional, scientific, and technical services and social assistance kept adding more jobs to the economy. “But rising interest rates, and the Fed’s signal that it plans to keep rates higher for longer, will eventually force businesses to pull back,” she said.

MLS 387

MLS Industrial Marketing Mortgages 387

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. In its 4th year, 40 honorees were recognized.

Finance 365

Finance Principal Construction MLS 365

Housing Wire

OCTOBER 9, 2023

After years of working crazy hours and focusing on growing his business, Ciardelli saw the impact his hard-driving lifestyle was having on his health and close relationships. The result would be a win-win for the business and for customers, he said. He knew he needed to make changes. “I As of Oct.

Mortgages 417

Mortgages Loan Officer Loans Technology 417

Housing Wire

NOVEMBER 22, 2023

Fannie Mae is forecasting the economy to expand by 1.6% “The economy is now slowing from the otherwise robust first estimate of third-quarter growth,” said Doug Duncan, Fannie Mae’s senior vice president and chief economist. Purchase volume will rise in 2024 to $1.4 trillion in 2025. in April.

Sales 374

Sales Mortgages Land As-is 374

Housing Wire

SEPTEMBER 27, 2022

housing market — it now applies to the world economy. But from a sort of business cycle standpoint, this difficult correction should put the housing market back into better balance. The builders will take their time finishing these homes and ensuring they sell them at a price that is useful for their business model. We have 10.9

Banks 469

Banks Construction As-is Marketing 469

Housing Wire

APRIL 12, 2024

economy, the Bureau of Labor Statistics on Wednesday reported that consumer prices were up 3.5% The bank completed its exit from the correspondent business last year, so it did not provide figures for that channel. Regarding the U.S. in March compared to a year earlier. The index accelerated from February, when it was up 3.2%

Mortgages 368

Mortgages Banks Fixed-rate mortgage Lending 368

Housing Wire

SEPTEMBER 12, 2023

Between 2020 and 2022, the FBI reported that the real estate sector experienced a 72% increase in business email compromise , a key component to most wire fraud attempts. “Despite the challenges posed by a decelerating housing market, CertifID stands out as a technology leader with a mission of utmost importance to the U.S.

Technology 351

Technology Industrial Mortgages As-is 351

Housing Wire

OCTOBER 14, 2022

We’ve curated a list of 11 Twitter accounts you should follow to gain the latest insights and analysis of the housing market and economy. economy and specializes in the housing market. His work focuses on helping Freddie Mac develop its economic outlook, including forecasts of trends in the economy and housing markets.

Marketing 439

Marketing Finance Industrial Mortgages 439

Housing Wire

APRIL 18, 2023

Higher interest rates pushed up profits for Bank of America (BofA) in the first quarter of 2023, but much like its depository peers, JP Morgan Chase and Wells Fargo , the mortgage business dropped by double-digits during this period. “We did this as the economy slowed (…). “We did this as the economy slowed (…).

Banks 302

Banks Mortgages Equity Loans 302

Housing Wire

JULY 14, 2022

the Jamie Dimon-helmed bank has been conservative in its servicing portfolio as the economy slows down. economy continues to grow, touting both a healthy job market and consumer spending. But, so far, the landscape is hurting the mortgage business. To prepare for a potential recession in the U.S., According to Dimon, the U.S.

Mortgages 373

Mortgages Banks Lending As-is 373

Housing Wire

JUNE 3, 2022

Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Coming from the demand boom in COVID-19, specific sectors of our economy have too many people working for them as that demand boom can’t be sustained. percent, the U.S.

Construction 519

Construction Sales As-is Staging 519

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives.

Title 509

Title Title search Due diligence Land 509

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

Lending 307

Lending Banks Loans Mortgages 307

Housing Wire

JULY 27, 2022

On the call following the Fed’s announcement, people were eager to ask Fed Chair Powell about weakness in the economy, and Powell did admit that the economy got softer in the second quarter. Since we are still creating jobs in the economy, that gives them cover to keep hiking rates until they see inflation falling.

Mortgages 413

Mortgages As-is Marketing Construction 413

Housing Wire

DECEMBER 13, 2023

Despite a stronger-than-expected November jobs report , the slowing growth pace of new jobs, the slowing of wage growth and the modest rise in the unemployment rate suggest a cooling of the economy in the coming year, Selma Hepp, chief economist at CoreLogic , said in a statement last week. million in Q2 2022 to 1.2 million in Q2 2023.

Mortgages 521

Mortgages Banks Investor Industrial 521

Housing Wire

OCTOBER 7, 2020

For the housing market, that recovery could look different from the larger economy. and many businesses began to close, the housing market proved to be incredibly resilient, thriving amid record low interest rates and high consumer demand. . looks to recover from the pandemic that has gripped our nation in 2020.

Marketing 482

Marketing Mortgages Branding Industrial 482

Housing Wire

SEPTEMBER 16, 2021

.” “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” said Sam Khater, Freddie Mac’s chief economist. These factors will likely lead to significant investment and new post-pandemic economic models that will spur economic growth.”.

Fixed-rate mortgage 475

Fixed-rate mortgage Mortgages Lending Loans 475

Housing Wire

FEBRUARY 27, 2024

This is important for anyone who wants to understand Black consumers and do business with them. My experience in the financial services industry tells me that there is more trouble for the housing economy on the horizon, for Americans of all ethnicities. By honoring this history, we honor the descendants of those who lived through it.

Banks 396

Banks Loans Land Commercial 396

Housing Wire

OCTOBER 17, 2022

In this role, Lawson will serve as a member of the CSBS executive leadership team and will be responsible for managing the policy and supervision business units. based community banks, revealed numerous challenges due to a lagging economy, high interest rates and other economic issues. The survey, which polled 500 U.S.-based

Banks 344

Banks Development Loans As-is 344

Housing Wire

JUNE 26, 2023

Want to increase efficiency in your mortgage business? She has some big ideas for disrupting the pattern of leadership at your mortgage business. As a C-suite mortgage leader who has an expansive knowledge on the mortgage industry, Lindblom is the best-guiding light to help you set up your business for success in any market.

Staging 324

Staging Lending Mortgages Industrial 324

Housing Wire

APRIL 5, 2024

economy added another 303,000 jobs in March, exceeding economists’ expectations, and well above the average monthly gain of 231,000 jobs over the prior 12 months. The traditionally busy spring housing market could be pushed into summer—or even into the fall—if buyers hold out for the Fed’s rate cut and subsequent drops in mortgage rates.”

Industrial 272

Industrial Mortgages Construction MLS 272

Housing Wire

NOVEMBER 9, 2023

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. I think it’s a strong tailwind for Acra and the non-QM business in general.” There is business to be done on the non-QM side, as on the agency side volumes are down,’ Lind said.

Lending 333

Lending Investor Loans Banks 333

Housing Wire

JUNE 3, 2022

economy gained 390,000 nonfarm payroll jobs in May. economy has regained 6% of the jobs it lost in the pandemic. “Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement.

Residential 433

Residential Construction Banks Renovation 433

Housing Wire

DECEMBER 30, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. The economy is steadily recovering, and in? nance market and toward purchase loans.

Marketing 421

Marketing Loans Mortgages Investor 421

Housing Wire

MARCH 11, 2021

trillion aimed at invigorating the economy following the COVID-19 pandemic. Over $50 billion will be distributed to small businesses — including $7 billion for the Paycheck Protection Program — and $25 billion for small and mid-sized restaurants. President Joe Biden signed the American Rescue Plan Thursday, freeing up $1.9

Banks 545

Banks Mortgages Loans As-is 545

Housing Wire

OCTOBER 12, 2022

While mergers such as this tout the benefits of various synergies and scale economies that can accrue over time, in this case the $13 billion combination of two of the largest mortgage technology firms is more likely to bring anticompetitive effects by choking off smaller tech firms from mortgage originators and servicers.

Mortgages 355

Mortgages Technology Industrial Loans 355

Housing Wire

FEBRUARY 19, 2021

While 2020 was a productive and lucrative year for mortgage lenders and loan originators, it was not nearly as positive for millions of Americans who ran into financial difficulties because of the impact that the pandemic had on the economy. Thankfully, the option of forbearance provided time for these families and our economy to recover.

Mortgages 337

Mortgages Industrial Loans Closing 337

Housing Wire

JUNE 8, 2023

An aligned team of operational leaders can transition your business into the future, but first, you need the tools to get there. At HousingWire Annual 2023, attendees will get the inside scoop on the strategies that operational leaders, like Sarah Gonzalez, rely on to grow their businesses in any market. Be decisive and move quickly.”

Staging 301

Staging New Construction Lending Mortgages 301

Housing Wire

FEBRUARY 11, 2022

We know that refinance volume is declining, Agency business will shrink and get more expensive and an increasing number of borrowers will not qualify under Agency guidelines. If you are an originator who has exclusively done Agency loans, where are you going to look to replace Agency business you might not get this year?

Loans 329

Loans Banks Mortgages Closing 329

Housing Wire

JUNE 17, 2022

Additionally, the state of the economy and world events is creating a lot of uncertainty and putting significant pressure on businesses everywhere. While many of these factors propel Notarize’s business, they also change the company’s access to future investment and force us to re-evaluate what we can invest in and pursue.”.

Finance 427

Finance Closing As-is Industrial 427

Housing Wire

MARCH 10, 2023

In 2008, Wall Street Banks gorged themselves on now-prohibited toxic mortgage assets that collapsed, destroying their financial health, harming consumers and cratering the economy. IMBs generally steered clear of these mortgages, and then stepped in after 2008 to pick up the slack from many banks exiting the mortgage business.

Pre-qualification 328

Pre-qualification Banks Loans Mortgages 328