Housing Wire

APRIL 16, 2024

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. I was wondering if you guys could explain reverse mortgages,” the listener asked the group.

Mortgages 411

Mortgages Equity Title Loans 411

Housing Wire

OCTOBER 23, 2023

While the mortgage delinquency rate remains low compared to pre-pandemic levels , the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor report. The national delinquency rate climbed to 3.29% in September, which is up 12 basis points from August and up 13 basis points from September 2022.

Mortgages 403

Mortgages Staging Loans Sales 403

Housing Wire

JANUARY 24, 2024

As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. The national delinquency rate rose to 3.57% in December, up from 3.39% in November. However, the rate of serious delinquencies was still 19% (-108,000) below that number at the end of December 2022. million loans.

Mortgages 355

Mortgages Staging Loans Sales 355

Housing Wire

FEBRUARY 22, 2024

mortgage holders. The national delinquency rate fell to 3.38% in January, down from 3.57% in December, according to the Intercontinental Exchange (ICE) First Look Mortgage Performance report. The rate remained flat on a year-over-year basis and was the lowest recorded since October.

Mortgages 329

Mortgages Loans Staging Sales 329

Housing Wire

SEPTEMBER 28, 2023

mortgage delinquencies remained almost unchanged in July, nudging up 0.1 In fact, both delinquency and foreclosure rates hovered near all-time lows in July. The rate for early-stage delinquencies was 1.3% For adverse delinquency, the rate was 0.4%. The serious delinquency rate was 1%, a 23-year low. Overall U.S.

Mortgages 386

Mortgages Staging Equity Principal 386

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

Industrial 347

Industrial Mortgages Marketing Finance 347

Housing Wire

AUGUST 16, 2023

Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. For the week that ended August 11, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. over the week.

Fixed-rate mortgage 345

Fixed-rate mortgage Mortgages Loans Investor 345

Housing Wire

APRIL 25, 2024

Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. Reverse mortgages for purchase are taking up more conversation on the reverse side of the business recently.

Mortgages 294

Mortgages Finance Equity Lending 294

Housing Wire

NOVEMBER 22, 2023

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. The national delinquency rate fell three basis points to 3.26% in October. However, this remains 25% under the pre-pandemic levels.

Staging 343

Staging Loans Mortgages Finance 343

Housing Wire

SEPTEMBER 17, 2021

Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management ’s report published this week. The previous quarter saw the rate of critical defects drop to 2.09%. Presented by: Deluxe.

Mortgages 364

Mortgages Loans Industrial Development 364

Housing Wire

AUGUST 19, 2021

Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. The post Mortgage delinquencies shrink in Q2 appeared first on HousingWire.

VA loan 423

VA loan Mortgages FHA loan Loans 423

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. As shown in Exhibit 1, the delinquency rate tends to be highly correlated with the unemployment rate over time.

Mortgages 475

Mortgages Loans VA loan Investor 475

Housing Wire

OCTOBER 11, 2021

Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). In the previous week , the rate dropped seven basis points to 2.89%. Last week, all categories showed declines. Per the MBA’s estimate, 1.3

Loans 498

Loans Staging Mortgages Banks 498

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 top mortgage lender on the Inc. Founded in 2019, the Virginia-based lender saw a 2,230% three-year growth rate.

Mortgages 363

Mortgages Loan Officer Fixed-rate mortgage Loans 363

Housing Wire

AUGUST 18, 2020

The Consumer Financial Protection Bureau is proposing a new category of qualified mortgages called Seasoned QM, which would require loans to meet certain performance requirements over a 36-month seasoning period. The post CFPB proposes a new category of qualified mortgages: Seasoned QM appeared first on HousingWire.

Debt-to-income ratio 512

Debt-to-income ratio Mortgages Loans As-is 512

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S.

Lending 340

Lending Banks Mortgages Loan Officer 340

Housing Wire

DECEMBER 13, 2021

Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management ’s latest critical defect report. The critical defect rate climbed to 2.27% in the second quarter of 2021, ending the trend of improvement in the previous two quarters.

Marketing 296

Marketing Loans Lending Mortgages 296

Housing Wire

JANUARY 16, 2024

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today.

Equity 429

Equity Mortgages As-is Sales 429

Housing Wire

SEPTEMBER 6, 2023

Despite the economic headwinds, the title industry remains strong, according to Fitch Ratings’ title industry September 2023 Peer Review. The 168% RAC score meets Fitch’s guidelines for the “A” rating category and the organization said it remains in support of the outstanding ratings.

Title 325

Title Industrial Commercial Mortgages 325

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 336

Marketing Principal Banks Loans 336

Housing Wire

FEBRUARY 2, 2023

The Federal Reserve Chairman Jerome Powell maintained a hawkish tone during his speech at a press conference on Wednesday afternoon — but it wasn’t hawkish enough to keep optimism from spreading across the markets as mortgage rates dropped closer to 6%. In turn, mortgage rates started a free fall.

Fixed-rate mortgage 389

Fixed-rate mortgage Mortgages Marketing Loans 389

Housing Wire

OCTOBER 28, 2020

After two weeks of slight declines , mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. With the 30-year fixed rate at MBA’s all-time survey low of 3%, conventional refinances rose 5%. from 66.1% the week prior. from 11.8%.

Fixed-rate mortgage 512

Fixed-rate mortgage Mortgages Loans Industrial 512

Housing Wire

MARCH 22, 2024

The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. In addition to rankings for top performers by sides and volume, the program identifies and recognizes the fastest movers, top independents, top affiliated services models and other categories for benchmarking and recognition.

Brokerage 413

Brokerage Branding Agents Residential 413

Housing Wire

MAY 15, 2023

mortgage market faced a new “ refinance boom” when mortgage rates declined by nearly 200 basis points between November 2018 and November 2020, following the Federal Reserve rate cuts that were made to remedy the economic impacts of the Covid-19 pandemic. When broken down by investor type, 38% of U.S.

Equity 327

Equity Loans Mortgages Banks 327

Housing Wire

JUNE 13, 2023

Inflation was running over 9% last year and the headline inflation growth rate has cooled off a lot recently. I don’t believe they will, but the growth rate of headline inflation falling is good enough for them to pause rate hikes tomorrow. What does this mean for mortgage rates ?

Banks 471

Banks Mortgages As-is Marketing 471

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.

Banks 391

Banks Mortgages Lending Loan Officer 391

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. Other indices put mortgage rates even higher. Randy Howell, president of Mortgage Power Inc.

Industrial 382

Industrial Mortgages Fixed-rate mortgage Equity 382

Housing Wire

OCTOBER 4, 2021

Servicers’ forbearance portfolio volume declined at a faster pace last week, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). In the previous week, the rate dropped four basis points to 2.96%, hitting pre-pandemic levels. Last week, all categories showed declines.

Loans 387

Loans Staging Mortgages Banks 387

Housing Wire

NOVEMBER 14, 2023

Still, it can increase if necessary, as the FHFA will continue to monitor the multifamily mortgage market, it says in a recently published fact sheet. This loans category, first developed in 2023, preserves rents at affordable levels in multifamily properties, typically without public subsidies.

Loans 306

Loans Finance Lending Mortgages 306

Housing Wire

APRIL 7, 2021

In the most competitive housing markets in the country, virtually every buyer has immaculate credit, a few hundred thousand dollars – or more – for a downpayment and knows what their mortgage options are. LendingTree reviewed more than 750,000 mortgage loan requests that came through its marketplace from March 1 through March 24.

Marketing 429

Marketing Lending Mortgages Closing 429

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 389

Loan Officer Mortgages Loans Closing costs 389

Housing Wire

DECEMBER 9, 2022

Bank has decided to close the wholesale mortgage businesses it inherited in the acquisition of California-based MUFG Union Bank , the company confirmed on Friday. . Bank exited a few years ago to focus on customer relationships in core lending categories,” a spokesperson for U.S. according to Inside Mortgage Finance (IMF) data.

Banks 332

Banks Lending Finance Mortgages 332

Housing Wire

MAY 20, 2021

After hovering below 3% for a month , the average 30-year fixed mortgage rate popped back up six basis points to exactly 3% last week, according to Freddie Mac ‘s PMMS. Mortgage rates climbed north of 3% over the first few months of 2021, but crested at 3.2% in March before descending again.

Mortgages 386

Mortgages Sales Industrial As-is 386

Housing Wire

OCTOBER 13, 2023

Recognizing the opportunities in the mortgage space, Grant Moon , former CEO and founder of fintech platform Home Captain , is gearing up to launch his new firm – BlueForceX. As a mortgage technology optimization platform, BlueForceX would provide data solutions, cut inflated tech solutions costs, and advise market positioning strategies.

MLS 360

MLS Technology Mortgages Loans 360

Housing Wire

OCTOBER 7, 2020

the week prior , mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% The average contract interest rate for 5/1 ARMs fell to 2.8%

Fixed-rate mortgage 442

Fixed-rate mortgage Mortgages Loans As-is 442

Housing Wire

MAY 16, 2022

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). Ginnie Mae loans in forbearance decreased 9 bps, at 1.29% of servicers’ portfolio volume.

Loans 407

Loans Staging Mortgages Industrial 407

Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. 4,206 in 2023 with a three-year growth rate of 106%. 4919 in the rankings with a three-year growth rate of 77%. Just three title insurance firms made the annual Inc. AccuTitle was No. 1115 in 2022.

Title 355

Title Brokerage Industrial Mortgages 355