Housing Wire

FEBRUARY 13, 2024

In January, the number of properties with a foreclosure filing inched up on both a monthly and a yearly basis, according to a report released Tuesday by Attom Data. California, Texas, Florida, New York and Illinois had the greatest number of foreclosure starts last month. In total, 33,270 U.S.

Real-estate owned 464

Real-estate owned Banks Marketing Mortgages 464

Housing Wire

FEBRUARY 27, 2024

An update on loanDepot ’s January cyberattack shows that a higher number of individuals were affected than previously disclosed, while tens of millions of dollars in additional expenses will be added to the company’s first-quarter earnings results. The number of individuals affected exceeds the 16.6 On Tuesday morning, the top 15 U.S.

Mortgages 409

Mortgages Industrial Marketing Technology 409

Housing Wire

MARCH 26, 2024

The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter. Of the total number of modifications, about 31% in the fourth quarter reduced a borrower’s monthly payments by more than 20%. The rate for U.S.

VA loan 399

VA loan FHA loan Short sale Loans 399

Housing Wire

DECEMBER 26, 2023

This data includes customers’ social security numbers. ” “Based on our investigation, we understand that your name, address, social security number, and loan number may have been obtained by the unauthorized third party,” the document states. .” District Court for Central California.

Title 482

Title Mortgages Loans Technology 482

Housing Wire

FEBRUARY 28, 2024

It is not difficult to sleuth out the reason that San Diego’s low days-on-market and high price-per-square-foot persist: the number of homes for sale has been hollowed out and remains anemic. The number of listings in San Diego fell 50.5% In 2022, however, only 55.3% after New York (53.9%) and Washington, D.C.

Marketing 404

Marketing VA loan Days on market Loans 404

Housing Wire

APRIL 16, 2024

However, if we go back to the November and December case number assignments, the writing was sort of on the wall that a month like this was coming.” That’s because those were the two lowest case number assignment months in all of 2023, McCue said. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9%

Mortgages 311

Mortgages Loan Officer Loans Industrial 311

Housing Wire

JANUARY 16, 2024

However, the drop in active agent count from a peak in late 2022 will mean that the total number of experienced agent recruits will remain lower than what we were seeing in recent years.” The score is computed by estimating the number of agents who changed brokerages in a given month. The monthly AMI value finished at 70.4

Agents 397

Agents MLS Brokerage As-is 397

Housing Wire

APRIL 26, 2024

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 percentage-point decrease from February 2023. The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The foreclosure process affected only 0.3% home equity , which was up by $1.3

Mortgages 398

Mortgages Staging Principal Loans 398

Housing Wire

FEBRUARY 21, 2024

The score is computed by estimating the number of agents who changed brokerages in a given month. The number of agents changing offices is divided by the number of agents active in the past 12 months in the analyzed market areas. While inventory is still low, professionals are seeing light at the end of the tunnel. respectively.

Brokerage 396

Brokerage Agents MLS As-is 396

Housing Wire

MARCH 3, 2024

A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade. Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

Loans 493

Loans Debt-to-income ratio Lending Banks 493

Housing Wire

MARCH 18, 2024

The score is computed by estimating the number of agents who changed brokerages in a given month. The number of agents changing offices is divided by the number of agents active in the past 12 months in the analyzed market areas. This could represent a stabilization in the agent pool which is an additional helpful trend.

Brokerage 313

Brokerage Agents MLS Closing 313

Housing Wire

FEBRUARY 7, 2024

The number of owner-occupied homes skyrocketed, quickly depleting the number of vacant for-sale homes. The number of homes “held off market” – second homes, vacation homes and others that are neither for-sale, for-rent or occupied – shrank. It’s no secret that 2023 was a difficult year to buy a home. New data from the U.S.

Sales 388

Sales Mortgages Equity Marketing 388

Housing Wire

JANUARY 5, 2024

With December’s numbers in, a total of 2.7 With December’s numbers in, a total of 2.7 in December and the number of unemployed Americans also showed little change at 6.3 in December and the number of unemployed Americans also showed little change at 6.3 Economists were expecting an addition of 170,000 jobs.

Construction 400

Construction MLS Investor Mortgages 400

Housing Wire

FEBRUARY 28, 2024

Hackers had access to names, Social Security numbers, dates of birth, current addresses, bank account information, and credit card account numbers. In Massachusetts, the data breach affected 430 customers, but there’s no indication of the total number of individuals affected nationwide. Top 10 U.S. 4, loanDepot said that 16.9

Mortgages 331

Mortgages Banks Development Industrial 331

Housing Wire

APRIL 25, 2024

The number of buyers who are bringing all cash to the transactions has been on the rise. Pending home sales increased by 3.4% in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Sales were essentially flat compared to one year ago.

Sales 352

Sales MLS Equity Investor 352

Housing Wire

SEPTEMBER 25, 2023

Equifax’s digital income and employment verification tool – The Work Number – is available to one million additional employees of U.S. With the new integration between Payroll Relief and The Work Number, those verifications can happen instantly and digitally outside of regular business work hours, Equifax said.

HR 406

HR Finance Mortgages Loans 406

Housing Wire

MARCH 18, 2024

An investigation showed that names, addresses, Social Security numbers and loan numbers may have been obtained by the unauthorized third party bad actor, Nations Direct said on its website. 30, 2023, the lender disclosed on March 14 in a notice shared with the Office of the Maine Attorney General.

Mortgages 397

Mortgages Technology Loans Industrial 397

Housing Wire

DECEMBER 20, 2023

Keep in mind that we are still at a historically low level of movement and that the number of agents active in real estate has declined over the last year representing a smaller pool of recruitable agents. The score is computed by estimating the number of agents who changed brokerages in a given month.

MLS 377

MLS Brokerage Agents As-is 377

Housing Wire

MARCH 8, 2024

The number of unemployed Americans also rose to 6.5 Job seekers are taking longer to find work, and the number of job switchers has declined.” Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. Average hourly earnings for private-sector employees grew by 0.1% and were up 4.3%

MLS 417

MLS Construction Mortgages Sales 417

Housing Wire

MARCH 12, 2024

Going forward, NAHREP projects the total number of Latino households to increase as young Latinos move out of their parents’ homes and form new households. Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% In total, more than 9.5 of overall U.S. household formation growth. And the 49.5%

FHA loan 444

FHA loan Loans Finance Lending 444

Housing Wire

MARCH 21, 2024

That’s mildly interesting given the lag time for endorsements, but case numbers issued in January rose to their highest level since October,” RMI said in its commentary accompanying the data. H2H refinance case numbers showed the ongoing alignment of reverse to 10-year [Constant Maturity Treasury (CMT)] rate nuances, rocketing 87.9%

Mortgages 346

Mortgages Loans Equity Principal 346

Housing Wire

NOVEMBER 3, 2023

Although some have estimated the trade group’s membership numbers could drop by nearly 1 million members, many don’t believe that will happen because some MLSs require NAR membership in order to access their platforms. million members. million members. Certainly there are a lot of places in the U.S. In about half the U.S.,

MLS 403

MLS Brokerage Agents Industrial 403

Housing Wire

FEBRUARY 15, 2024

The lawsuits allege that the defendants, which are referred to as “data brokers,” have violated a law that prohibits the disclosure of home addresses and unpublished home phone numbers for judges, law enforcement officers, prosecutors and their families. The law is named after Daniel Anderl, the son of a federal judge.

Industrial 360

Industrial As-is 360

Housing Wire

MARCH 4, 2024

But now it’s March, and mortgage rates are the highest they’ve been all year, the economy continues to report strong numbers so the Fed is growing less likely to cut rates soon. We can see how sensitive this number is changes in mortgage rates. More sellers means more sales. Mortgage rates are up over last month, and over last year.

Mortgages 471

Mortgages Sales Marketing As-is 471

Housing Wire

MARCH 14, 2024

Nationwide, that number soars to more than 754,000 borrowers and a total of $384.7 Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades.

FHA loan 448

FHA loan Mortgages Loans Development 448

Housing Wire

JANUARY 24, 2024

On a yearly basis, the number of delinquencies edged up 2.65% in 2023. However, the rate of serious delinquencies was still 19% (-108,000) below that number at the end of December 2022. As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. million loans. million loans.

Mortgages 350

Mortgages Staging Loans Sales 350

Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it. Many non-Realtor association-owned MLSs have adopted similar rules.

MLS 359

MLS Agents Industrial Brokerage 359

Housing Wire

OCTOBER 18, 2023

I asked the good folks at mortgage data technology firm InGenius to run the numbers. A significant number of retail lenders were purpose-built to pump out huge refi volumes with a call center model. Let’s look at InGenius’s data on the number of loan officers and corresponding production levels. Take a look.

Loan Officer 512

Loan Officer Loans Lending Mortgages 512

Housing Wire

FEBRUARY 22, 2024

This decrease came as the number of title orders opened during the year fell from 895,500 in 2022 to 629,100 in 2023. In fourth-quarter 2023, Stewart earned revenue of $582.2 million and net income of $8.8 million, which was down from the $13.3 million in net income it earned a year ago. million, down 2% annually. million.

Title 376

Title Marketing Investor Commercial 376

Housing Wire

MARCH 21, 2024

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week. Borrowers are not generally aware of this cost, but the impact is clear,” said the CHLA.

Closing costs 408

Closing costs Loans Title Finance 408

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. The impact of the pandemic and an unprecedented refinance boom followed in short order by the highest interest rates seen in decades cannot be overstated.

Loan Officer 359

Loan Officer Lending Technology Loans 359

Housing Wire

FEBRUARY 27, 2024

Thanks to the joint efforts of HUD, VA, and the United States Interagency Council on Homelessness (USICH), the number of Veterans experiencing homelessness has fallen by 4% since early 2020, and by 52% since 2010,” the announcement stated. Department of Housing and Urban Development (HUD) and the U.S.

Development 432

Development 432

Housing Wire

NOVEMBER 27, 2023

The score is computed by estimating the number of agents who changed brokerages in a given month. The number of agents changing offices is divided by the number of agents active in the past 12 months in the analyzed market areas. The most recent trailing 12-month value shows a new low of 89.4,

Agents 353

Agents MLS Brokerage As-is 353

Housing Wire

FEBRUARY 9, 2024

The modest increase in mortgage credit availability stems from a greater number of conventional loan offerings, according to MBA senior vice president and deputy chief economist Joel Kan. The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, The MCAI for conventional loans increased by 1.3%

Mortgages 382

Mortgages Lending Loans Technology 382

Housing Wire

NOVEMBER 9, 2023

Source: Down Payment Resource A growing number of non-bank mortgage lenders have rolled out down payment assistance programs recently to increase their origination pie in a challenging mortgage environment. A total of 2,256 homebuyer assistance programs are available in the U.S. Source: Down Payment Resource

FHA loan 436

FHA loan VA loan Finance Loans 436

Housing Wire

JANUARY 31, 2024

That was almost exactly the number that traded hands in 1979. As of the end of 2023, there were an estimated 131 million households — 51 million more households in the country and the industry saw the same number of existing home sales. Chances are, we won’t have to anytime in the next few years. How bad was last year?

Marketing 382

Marketing Industrial Sales Mortgages 382

Housing Wire

MARCH 28, 2024

For instance, the number of available homes priced between $200,000 to $350,000 increased by 20.6% Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). in February, up from 74.3 in January.

Sales 424

Sales Mortgages Marketing As-is 424