Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean?

Due diligence 326

Due diligence Brokerage Staging Agents 326

Housing Wire

OCTOBER 2, 2023

Companies are issuing mainly unsecured debt, which has no collateral, to elevate their share in the balance sheet. Data compiled by BTIG shows that 10 lenders have $4 billion in unsecured debt with maturity in 2024 and 2025, only around 10% of the total is due next year, which is not alarming. But that’s not a red flag so far.

Mortgages 356

Mortgages Marketing Investor Lending 356

Housing Wire

APRIL 5, 2023

The MBA data shows the average contract interest rate for a conventional 30-year fixed-rate mortgage ($726,200 or less) fell five basis points from the prior week to 6.40% last week. In recent years, most jumbo loans have been kept on depository balance sheets.”

Loans 376

Loans Mortgages Fixed-rate mortgage Banks 376

Housing Wire

JANUARY 11, 2023

It looks like the decline in rates was about five basis points from what I see on my rate sheet.” Despite the increase, refis are about 30% of the total applications, well below the past decade’s average of 58%, the data shows. ” Gano’s experiences reflect what happened in the market overall.

Seller concession 525

Seller concession Mortgages Loan Officer Loans 525

Housing Wire

JANUARY 9, 2024

Real estate data firm ATTOM reports that overall HELOC loan originations by count were actually down by 7% in the third quarter of 2023 as interest rates spiked. In addition, Fed data shows that total outstanding loans linked to home-equity products also increased in the third quarter — to $501 billion, up 2.3%

Equity 417

Equity Lending Banks Loans 417

Housing Wire

APRIL 18, 2024

The report, based on loan-level data from Fannie Mae and Freddie Mac , shows that the dollar amount of loan repurchases peaked in the second quarter of 2022, at $630 million for Freddie Mac and $593 million for Fannie Mae. This created balance-sheet havoc for a number of lenders, particularly for small and midsized originators.

Loans 356

Loans Due diligence Investor Technology 356

Housing Wire

MARCH 31, 2023

Lenders will collect and report information about the small business credit applications they receive, including geographic and demographic data, lending decisions, and the price of credit,” the CFPB said in an announcement issued this week about the rule. The CFPB has been examining this issue intermittently for several years.

Lending 300

Lending Banks Loans Mortgages 300

Housing Wire

MAY 26, 2023

By analyzing Home Mortgage Disclosure Act (HMDA) data from 2021, the CFPB determined that mortgage rates paid by consumers vary across a wide variety of lenders, including for mortgages backed by Fannie Mae and Freddie Mac , the Federal Housing Administration (FHA), the U.S. The monthly payment for a 3.5% higher payment).”

Mortgages 319

Mortgages Loans Finance Closing 319

Housing Wire

MARCH 31, 2022

That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Among other things, household balance sheets appear in better shape, and excessive borrowing doesn’t appear to be fueling the housing market boom.”. Housing Bubble. Let me explain.

Bankruptcy 516

Bankruptcy Lending Mortgages Title 516

Housing Wire

OCTOBER 6, 2023

In efforts to reduce its balance sheet as part of the plan to tighten monetary policy, the Fed is allowing up to $60 billion a month in Treasury securities and $35 billion in MBSs to mature and roll off from its holdings. The central bank currently holds about $2.6 trillion of MBSs as part of its roughly $8 trillion securities portfolio.

Banks 458

Banks Mortgages Loans Investor 458

Housing Wire

MAY 4, 2022

During a news conference following the Fed’s committee meeting, Powell announced the increase and outlined the Fed’s plan to begin “the process of significantly reducing the size of our balance sheet,” he said. With regard to our balance sheet, we also issued our specific plans for reducing our securities holdings.

Mortgages 395

Mortgages Loan Officer Principal Industrial 395

Housing Wire

DECEMBER 17, 2021

Managing balance sheet risk. To effectively confront these challenges, managing balance-sheet risk will be key. Balance-sheet risk also entails developing cash flow forecasts to ensure velocity is maintained and sufficient to propel the business forward. Opportunity awaits.

Industrial 345

Industrial Mortgages Development Loans 345

Housing Wire

AUGUST 17, 2023

Considering where the economic data has been recently, it makes sense that we are at the higher end of the range because there is no recession in the data lines currently. This week’s economics data, retail sales, and industrial production data beat estimates and the Atlanta GDP data is at 5.8%. of the time.

Mortgages 359

Mortgages Banks As-is Closing 359

Housing Wire

NOVEMBER 22, 2022

mortgage lender, Movement funded just under $20 billion in residential mortgages through the first nine months of 2022, down 23% year-over-year, according to data from Inside Mortgage Finance. So we have a strong balance sheet. The company has 1,810 loan officers and 482 branches, Modex data shows. . A top-25 U.S.

Loan Officer 383

Loan Officer Loans Mortgages Residential 383

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”.

Loans 411

Loans Investor Mortgages Title 411

Housing Wire

NOVEMBER 4, 2022

Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data. Both these data lines were solid this month, so the jobs data won’t turn damaging enough for the Fed to pivot. Jobless claims.

Marketing 474

Marketing Construction Land Mortgages 474

Housing Wire

AUGUST 25, 2022

By leveraging innovative digital technology and the company’s industry-leading public records data, the PRISM platform delivers a more efficient, more convenient real estate transaction experience for our title agents and the lenders, real estate agents, buyers and sellers they serve.”. billion.

Title 332

Title Agents Branding Technology 332

Housing Wire

JANUARY 12, 2021

The most powerful and innovative solution that works in harmony with your LOS to streamline workflow, automate time-consuming processes, and crunch data. Coheus OS combines workflow, task, and service level management with the power of complete access to your LOS data Information and most importantly profit and operational intelligence. #2.

Mortgages 249

Mortgages Lending Loans Sales 249

Housing Wire

DECEMBER 13, 2023

Amherst Chairman and CEO Sean Dobson said the shrinking margins in the agency MBS sector are a byproduct of an over-supply of paper and a greatly reduced investor balance sheets for absorbing the debt.

Mortgages 324

Mortgages Marketing Banks Investor 324

Housing Wire

APRIL 10, 2024

Citing data from New View Advisors , FOA describes itself as “the largest Ginnie Mae HECM issuer for the last 10 years” when including AAG, with 37% of total 2023 issuance compared to Longbridge Financial (21%), Liberty Reverse Mortgage (16%) and Mutual of Omaha Mortgage (15%).

Investor 363

Investor Bankruptcy Finance Equity 363

Housing Wire

MARCH 12, 2024

With the acquisition, Guild became the eighth largest nonbank retail mortgage lender and increased its origination volume by 25% based on third-quarter 2023 data, according to Inside Mortgage Finance. Our balance sheet remains strong and provides us with the flexibility to continue to invest in our growth.” million as of Dec.

Marketing 361

Marketing Mortgages Loans Finance 361

Housing Wire

FEBRUARY 8, 2021

Data released on Monday by the Mortgage Bankers Association showed that the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week. The MBA data shows that homeowners who remain in forbearance are more likely to be in distress, with fewer continuing to make any payments.

Loans 481

Loans Equity Investor Mortgages 481

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

Closing 302

Closing Title Land Brokerage 302

Housing Wire

MAY 17, 2023

We have access to a lot of data. And that’s also where our balance sheet comes into play [Rocket had $900 million in cash at the end of March]. We’re very fortunate when you look at our balance sheet, cash position, and ability to use stock as currency. That’s where I go back to our balance sheet.

Marketing 294

Marketing Banks Mortgages Industrial 294

Housing Wire

MARCH 30, 2023

Even though housing data recovered by May 2020, people didn’t want to believe the data and assumed housing was going to fall more, especially with forbearance on the horizon. The purchase application data below clearly shows this. As always, we will take the data one day, week, and month at a time and walk this path together.

VA loan 479

VA loan Loans Banks Mortgages 479

Housing Wire

JULY 21, 2022

Sales Boomerang reviewed data from more than 170 residential mortgage lenders that use its platform to monitor millions of customer and prospect records. The report added: lenders must carefully weigh the pros and cons and potential balance sheet impacts of retaining versus selling mortgage servicing rights. .

Mortgages 381

Mortgages Marketing Equity Loans 381

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? New listing data collapsed, but we are putting an asterisk on that data line for this week. The economic data was OK last week.

Banks 366

Banks Marketing Mortgages As-is 366

Housing Wire

AUGUST 31, 2022

Data entry is a separate function and can be completed with client staff or offshore partners. Quality inspection after data entry can be customized to account for new employees or experts with low error rates. All management queues can assign work by hard states versus easy states or what suits the employee.

Title 289

Title Technology Inspection Loans 289

Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. We have a very clean balance sheet, and our pricing is competitive.”

Marketing 323

Marketing Lending Banks Loans 323

Housing Wire

NOVEMBER 8, 2023

In the years that followed, Zillow and Redfin shuttered their iBuying divisions, and the two remaining iBuyers accounted for a mere 0.61% of existing home sales through the first nine months of the year, based on the companies’ reported home sales and unadjusted existing home sales data published by the National Association of Realtors.

Marketing 395

Marketing Investor Sales Renovation 395

Housing Wire

DECEMBER 16, 2020

ActiveComply is integrated with NMLS Consumer Access data for easy onboarding and maintenance. #2. We provide a multitude of resources, like best practices guides, LO social media cheat sheets, review response templates, and more! We find loan officer and company accounts automatically and pull them into the system for your review. #3.

Mortgages 238

Mortgages Loan Officer Banks Loans 238

Housing Wire

OCTOBER 2, 2020

They are generally not balance sheet lenders. And it adds: “Regulators and the industry have also recognized widespread data quality and data integrity issues, especially in the context of transferring servicing rights. There are a few lessons to remember here: Nonbanks did not create the unsustainable mortgage market.

Banks 518

Banks Investor Lending Loans 518

Housing Wire

SEPTEMBER 21, 2020

However, recent data from MBA’s Weekly Applications Survey show a robust level of activity (as shown in Exhibit 1), but a volume that is quite sensitive to relatively small changes in rates. During the pandemic, PLS issuance plummeted, and banks have had many competing demands for limited balance sheet space. What is driving this?

FHA loan 540

FHA loan Loans VA loan Mortgages 540

Housing Wire

FEBRUARY 3, 2022

Piercy explained that companies, primarily bank and nonbank mortgage originators, have been “stockpiling” MSR assets over the past two years, holding them on their balance sheets and waiting for the right moment to sell them. “And now we just did over $110 billion for the month of January.”. which is a subsidiary of Ocwen Financial Corp.

Purchase and sale agreement 339

Purchase and sale agreement Marketing Equity Banks 339

Housing Wire

FEBRUARY 8, 2021

The MBA purchase application data is growing at a trend of 12% year over year. Today, inventory levels are at all-time lows, and the purchase application data index is above 300. Just look at the difference 2020 brought into the data lines. Expect the forbearance data to lag the jobs data, but they will eventually coincide.

Marketing 544

Marketing Equity Loans Mortgages 544

Housing Wire

SEPTEMBER 21, 2020

“Homeowners’ balance sheets continue to be bolstered by home price appreciation, which in turn mitigated foreclosure pressures, ” said Frank Martell, president and CEO of CoreLogic. Record-low mortgage rates and constricted sale inventory cast the perfect storm for home prices which rose 4.3%

Equity 501

Equity Mortgages Loans As-is 501

Housing Wire

NOVEMBER 2, 2022

We will continue with this view until we feel like the Fed signals they will stop raising rates and or we see the economic data softening,” Rithm’s CEO Michael Nierenberg said in a call with analysts.

Residential 345

Residential Commercial Mortgages Closing 345