Marco Santarelli

MAY 25, 2024

Housing Market Shift: Equity Slips But Still High in 2024 The good news: Homeownership equity remains high. In the first quarter of 2024, nearly half (45.8%) of mortgaged homes in the United States were considered equity-rich. equity-rich) and South Carolina (down to 40% equity-rich) leading the decrease.

Equity 87

Equity Marketing Renovation Mortgages 87

Housing Wire

FEBRUARY 22, 2023

Leading property data and analytics company CoreLogic has acquired Roostify , a digital mortgage technology provider. In its statement, CoreLogic said integrating Roostify ‘s mortgage platform into its own network of data assets and workflow platforms would reduce errors and help streamline the mortgage process.

Mortgages 353

Mortgages Technology Banks Lending 353

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. These are clients with great income, credit scores and who are very creditworthy,” Bob Walters, CEO of Rocket Mortgage, said in a statement.

Loans 386

Loans Mortgages Land Finance 386

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. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). billion in the home equity space from $9.6

Mortgages 393

Mortgages Banks Lending Equity 393

Housing Wire

JUNE 1, 2022

Pewaukee, Wisconsin-based lender Waterstone Mortgage Corporation named Paul Garrigues as the company’s new chief financial officer. Garrigues will oversee all corporate accounting functions and provide financial direction for Waterstone Mortgage’s branches nationwide.

Mortgages 346

Mortgages Banks Lending Equity 346

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion portfolio of MBS.

Mortgages 420

Mortgages Banks Loans Industrial 420

Housing Wire

MARCH 9, 2023

.” Powell’s speech had an immediate impact on the mortgage market. Freddie Mac ‘s Primary Mortgage Market Survey (PMMS) showed the 30-year fixed-rate mortgage averaged 6.73% as of March 9, up eight basis points from last week’s 6.65%. Other indexes show rates even higher.

Mortgages 382

Mortgages Fixed-rate mortgage Equity Loans 382

Housing Wire

AUGUST 4, 2021

Depository bank Citi continues to round out its mortgage executive team under the stewardship of Brad Wayman. Citi announced this week that it had appointed industry veteran Liz Bryant as the new head of retail mortgage sales for the U.S. billion in residential mortgages last year. billion in residential mortgages last year.

Mortgages 387

Mortgages Banks Land Lending 387

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Mortgages 335

Mortgages Title Marketing Lending 335

Realty Biz

FEBRUARY 19, 2024

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 126

Land Due diligence Title search Finance 126

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 394

Loan Officer Mortgages Loans Closing costs 394

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.

Mortgages 521

Mortgages Marketing Lending Loans 521

Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. The acquisition also facilitates the adoption of digital second-lien products like home equity lines of credit (HELOCs).

Technology 352

Technology Lending Loans Title 352

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. Blend Labs CEO Nima Ghamsari is a betting man. He was right.

Mortgages 375

Mortgages Title Technology Loans 375

Housing Wire

JULY 31, 2023

Cagney expects to land a $2.5 Founded in 2018 by Cagney, the former head of SoFi , Figure uses proprietary platform Provenance Blockchain for loan origination, equity management, private fund services, banking and payments. billion public valuation for LendCo when it goes public.

Lending 318

Lending Equity Banks Loans 318

Housing Wire

APRIL 1, 2024

Last year, mortgage rates increased from 3% to 8% and home prices still increased in most markets. The accumulation of home equity has propelled many Americans towards financial security, with homeowners currently sitting on nearly $30 trillion of wealth, according to the St Louis Fed. That is highly unlikely.

Equity 462

Equity Agents Industrial Land 462

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. If buyers feel they are paying top dollar due to increasing mortgage rates, they want their new home to be in move-in-ready condition.

Pre-approval 335

Pre-approval Lending Inspection Equity 335

Housing Wire

SEPTEMBER 8, 2022

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. UWM said it is focused on “giving mortgage brokers a competitive advantage.”.

Loans 383

Loans Lending Finance Equity 383

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. Helping facilitate a “soft landing”. In fact, as of November 2020, a total of 6.5

Mortgages 436

Mortgages Investor Loans Technology 436

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The lender’s guide to surviving this mortgage market. 5, according to the document reviewed by HousingWire.

Banks 355

Banks Loan Officer Loans Lending 355

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgages 340

Mortgages Equity Finance Development 340

Housing Wire

DECEMBER 28, 2022

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. There will be two key differences between 2023 and 2010.

Marketing 487

Marketing Equity Mortgages Short sale 487

Housing Wire

DECEMBER 9, 2021

The American Land Title Association saw a 32.5% A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. Learn about the tools lenders should leverage to streamline home equity title and closing. Every state besides Oregon, which saw a miniscule 0.7%

Title 427

Title Industrial Land Closing 427

Realty Biz

FEBRUARY 24, 2021

Finding that location and buying land to build a house is the first step in fulfilling this dream. . The loan you use for buying land to build a house on is very different than the traditional home mortgage loan. The loan you use for buying land to build a house on is very different than the traditional home mortgage loan.

Land 122

Land Loans MLS Finance 122

Housing Wire

OCTOBER 16, 2023

And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. on a standard 30-year fixed-rate mortgage. The Fed, for example, could buy mortgage-backed securities. And warehouse lines.

Fixed-rate mortgage 390

Fixed-rate mortgage Banks Lending Mortgages 390

Housing Wire

APRIL 18, 2022

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. As I’ll explain, there is rigorous regulation of our industry and federal disclosure requirements for all fees associated with obtaining a mortgage.

Title 374

Title Land Title search Closing 374

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. pending home sales fell 1.1% compared to a year ago. but remained 19.6%

Sales 533

Sales Development Equity Land 533

Housing Wire

JANUARY 27, 2021

Digital mortgage platform Roostify announced on Tuesday it has raised another $32 million in a Series C funding round amid a booming real estate market, bringing the tech startup’s total capital to $65 million. They also offer a home equity platform for home equity loan applications and HELOCs under the same umbrella.

Lending 349

Lending Technology Loan Officer Equity 349

Realty Biz

NOVEMBER 29, 2021

A home equity loan is a loan that is secured by using your home as collateral. The amount that you can borrow is determined by how much your property is worth and your home equity. How does a home equity line of credit (HELOC) work? How does a home equity line of credit (HELOC) work? Financial Dreams.

Equity 90

Equity Loans Renovation Land 90

Housing Wire

OCTOBER 16, 2020

The LGBTQ+ Real Estate Alliance organization announced that it is partnering with the National Fair Housing Alliance (NFHA) and has landed its first corporate sponsor, Engel & V?lkers. The LGBTQ+ Real Estate Alliance, which officially launched on Oct.

Equity 492

Equity Development Land As-is 492

Housing Wire

OCTOBER 20, 2020

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis. There are places with land and no jobs, and there are places with jobs and no land,” he said.

Land 483

Land Principal Mortgages Equity 483

Housing Wire

NOVEMBER 17, 2021

The scorecard, the FHFA’s mechanism to communicate its annual priorities and expectations for the GSEs, gave equal weight to both equity and affordability, and safety and soundness. There was no mention of “equity” or “equitable” in the 2021 scorecard. The agency also set a number of specific goal posts for its regulated entities.

Equity 344

Equity Loans Finance Title 344

Housing Wire

FEBRUARY 1, 2023

The FOMC said it will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. Impact on the housing market With the Fed decelerating its rate increases, mortgage rates recently declined after reaching the 7% mark in October 2022.

Mortgages 380

Mortgages Equity Land As-is 380

Housing Wire

DECEMBER 13, 2021

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. Learn about the tools lenders should leverage to streamline home equity title and closing. Today, borrowers expect to close fast. Presented by: ServiceLink. “As

Title 392

Title Investor Closing Equity 392

Housing Wire

JANUARY 6, 2022

One stakeholder is affordable housing advocates, and in October twenty such groups — including the National Housing Conference , the National Community Stabilization Trust and the Lincoln Institute of Land Policy — implored FHFA to hit pause on the proposed plans.

Land 520

Land Loans Title Lending 520

Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. Speakers: Dave Savage, Chief Innovation Officer, Mortgage Coach and Sales Boomerang.

Title 384

Title Lending Finance Development 384

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. We are a monster compared to them in population and the majority of homebuyers in America use mortgages. When mortgage rates rise, two things always happen here in America. As we can see below, our current situation isn’t about mortgage credit getting out of hand.

Short sale 529

Short sale Mortgages Equity Sales 529