Housing Wire

SEPTEMBER 29, 2023

Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer 410

Loan Officer Mortgages Fixed-rate mortgage Loans 410

Housing Wire

AUGUST 12, 2021

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines.

Fixed-rate mortgage 485

Fixed-rate mortgage Mortgages Banks Finance 485

Housing Wire

JUNE 26, 2023

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week. The serious delinquency rate also decreased to 0.6% Additionally, initiated forbearance plans decreased in Q1 to 34,479, from 47,068 in Q4 2022.

VA loan 354

VA loan FHA loan Fixed-rate mortgage Principal 354

Housing Wire

JULY 3, 2023

PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73 billion in Q1 2022 (which was roughly in line with industry peers). billion, according to data from Inside Mortgage Finance. Nearly 92% of U.S.

Loan Officer 356

Loan Officer Marketing Pre-approval Fixed-rate mortgage 356

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago.

Fixed-rate mortgage 365

Fixed-rate mortgage Mortgages Loans Loan Officer 365

Housing Wire

AUGUST 10, 2023

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Home prices are on the rise again, mortgage rates are over 7% and the lack of existing homes for sale continues to put pressure on first-time homebuyers.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

DECEMBER 15, 2021

“Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

VA loan 402

VA loan FHA loan Fixed-rate mortgage Loans 402

Housing Wire

FEBRUARY 3, 2022

Inside Mortgage Finance reported that Santander residential production totaled $2.7 Santander’s decision regarding mortgage and home equity is another sign that the good times of the U.S. mortgage industry are in the past. The 30-year fixed rate mortgage is estimated to hit 4% this year, compared to 3.1%

Banks 441

Banks Mortgages Fixed-rate mortgage Equity 441

Housing Wire

JANUARY 17, 2024

Mortgage rates at their lowest level in three weeks led to an increase in borrowers’ demand for home loans last week, spreading some optimism in the industry in the first few weeks of 2024. Overall, mortgage applications rose by 10.4% To prove it, analysts are already discussing a potential refi recovery.

Mortgages 443

Mortgages Fixed-rate mortgage Loans Residential 443

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Mortgages 458

Mortgages Fixed-rate mortgage Loans Loan Officer 458

Housing Wire

MAY 30, 2023

Although March marked the second consecutive month of monthly price increases, Lazzara does not believe the industry is out of the woods yet. That said, the challenges posed by current mortgage rates and the continuing possibility of economic weakness are likely to remain a headwind for housing prices for at least the next several months.”

Mortgages 405

Mortgages Fixed-rate mortgage Construction New Construction 405

Housing Wire

OCTOBER 16, 2023

Mortgage rates On the day Broeksmit addressed the crowd in Philadelphia, mortgage rates were north of 7.7% on a standard 30-year fixed-rate mortgage. Mortgage applications are at multi-decade lows, and housing inventory remains highly depressed, helping push home prices up.

Fixed-rate mortgage 398

Fixed-rate mortgage Banks Lending Mortgages 398

Housing Wire

JANUARY 26, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, all mortgage rates continue to climb, but the 30-year fixed rate rose for the fifth consecutive week to its highest level since March 2020. The keys to lending in a post-refi boom world. Presented by: CIVIC Financial.

Mortgages 366

Mortgages Fixed-rate mortgage Loans Lending 366

Housing Wire

OCTOBER 27, 2022

Borrowers are now seeking options to reduce their initial mortgage payments while hoping that rates will decline enough to warrant a refinance in the next few years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its upward trajectory.

Mortgages 372

Mortgages Fixed-rate mortgage Loan Officer Seller concession 372

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy. It represented the lowest level of activity in 27 years.

Mortgages 526

Mortgages Fixed-rate mortgage Loans Equity 526

Housing Wire

OCTOBER 18, 2022

The currently low figure indicates that while borrowing rates may be high, credit risk related to borrowers’ ability to fulfill their financial obligations is less of a concern. Inflation rate : This is the other piece of the Fed’s dual mandate, and currently the focus of most conversations in the industry. in September 2002.

Mortgages 362

Mortgages Marketing Fixed-rate mortgage Lending 362

Housing Wire

JUNE 6, 2022

Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. According to Inside Mortgage Finance , Homebridge was the 36th-largest mortgage originator in 2021, originating about $23.5

Fixed-rate mortgage 395

Fixed-rate mortgage Lending Technology Loans 395

Housing Wire

APRIL 9, 2024

On average, the company said that mortgage brokers use 3-5 lenders and evaluate speed, service, rate, and cost/fees. Nor this industry,” the message states, adding that UWM is audited by multiple regulations every year, and there are zero findings like the ones indicated in the report. This is not unique to UWM brokers.

Fixed-rate mortgage 400

Fixed-rate mortgage Loans Mortgages Loan Officer 400

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. trillion.

Equity 392

Equity Fixed-rate mortgage Principal Mortgages 392

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. trillion.

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Before the Federal Reserve raised the federal funds rate by 0.75 The median existing house price increased 7.7%

Mortgages 418

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 418

Housing Wire

JANUARY 9, 2024

The popularity of home equity lines of credit (HELOCs) and closed-end second (CES) mortgages last year was reflected in the secondary market as well, where the volume of securitizations rose sevenfold from 2022 levels. 16 in the most recent rankings.

Equity 451

Equity Lending Banks Loans 451

Realty Biz

NOVEMBER 24, 2022

When it comes to interesting and quickly changing trends in the real estate industry, 2022 has definitely been a banner year. If you not only live within an HOA but work for one that needs help managing its finances, consider opening an HOA checking account that can be used to pay for the frequent expenses that come up. Time Will Tell.

Industrial 94

Industrial Fixed-rate mortgage Banks Closing 94

Housing Wire

OCTOBER 26, 2023

David Spector, chairman and CEO, told analysts that the company had “outstanding results” even as mortgage rates neared 8% in Q3. According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. billion in UPB, down from $2.2

Fixed-rate mortgage 395

Fixed-rate mortgage Principal Banks Loans 395

Housing Wire

MARCH 23, 2023

The bank crisis has also reduced the spread between conforming and jumbo loan rates. Mortgage industry experts believe the current turbulence has potential to hit the jumbo space harder, mainly due to a reduced investor appetite in the secondary market and banks’ tightened financial conditions for borrowers.

Loans 427

Loans Mortgages Banks Fixed-rate mortgage 427

Housing Wire

NOVEMBER 10, 2021

Joel Kan, associate vice president of economic and industry forecasting, remarked in a statement that the decrease in mortgage rates , pushed the refi and purchase index upwards. The 30-year fixed rate decreased to 3.16% and has declined 14 basis points over the past two weeks,” Kan said. of total applications.

Mortgages 394

Mortgages Fixed-rate mortgage Lending Industrial 394

Marco Santarelli

APRIL 24, 2024

Interest Rates on the Rise, Demand on the Decline The primary culprit behind the current market jitters is the rise in interest rates. The average 30-year fixed-rate mortgage has climbed to 7.24%, the highest level since late 2023. Overall mortgage application demand has dipped 2.7%

Mortgages 105

Mortgages Fixed-rate mortgage Marketing Loans 105

Housing Wire

SEPTEMBER 9, 2022

The nonagency share of the market has been rising slowly since then, reaching 4.32% in 2021, according to recent analysis by the Urban Institute ’s Housing Finance Policy Center. In August 2021, the 30-year fixed-rate mortgage rate stood at approximately 2.75%,” a recent KBRA report on the nonagency RMBS market states.

Marketing 381

Marketing Fixed-rate mortgage Bankruptcy Mortgages 381

Housing Wire

OCTOBER 13, 2022

Independent mortgage banks (IMBs) account for nearly 74% of agency mortgage originations, which is the bulk of the market, according to a recent report by the Urban Institute ’s Housing Finance Policy Center (HFPC). mortgage market was ripe for refinancing, but today closer to 10%. . “We Past is Present.

Mortgages 367

Mortgages Marketing Banks Loans 367

Housing Wire

NOVEMBER 10, 2023

If rates fell below 6%, then you’d see a pick-up in production volume,” Duncan said. Refinance applications tend to pick up when mortgage rates drop, Hale noted. But for the industry to see a mini refi boom, mortgage rates would need to fall below 7%. People believe that rates peaked just above 8%.

Mortgages 430

Mortgages Fixed-rate mortgage Loans Banks 430

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

Marketing 398

Marketing Purchase and sale agreement Investor Banks 398

Housing Wire

MARCH 3, 2022

As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt.

Bankruptcy 330

Bankruptcy Investor Fixed-rate mortgage Loans 330

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

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 522

Mortgages Marketing Lending Loans 522

Marco Santarelli

MARCH 30, 2024

When interest rates are high, borrowing becomes more expensive, which can slow down economic activities such as home buying and construction. This, in turn, can have a ripple effect on related industries, including real estate, home improvement, and retail.

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

Equity 362

Equity Lending Loans Banks 362