Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing 392

Marketing Fixed-rate mortgage Bankruptcy Mortgages 392

Housing Wire

SEPTEMBER 29, 2023

It’s no longer about just outlasting a bad market for a couple of months. “I 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.

Loan Officer 404

Loan Officer Mortgages Fixed-rate mortgage Loans 404

Housing Wire

FEBRUARY 3, 2023

The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. There is risk involved as HELOCs are tied to the prime rate and can continue to rise. Steve Kaminski is head of U.S.

Renovation 380

Renovation Fixed-rate mortgage Equity Finance 380

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. Still, there has been some progress in the labor market.

Fixed-rate mortgage 477

Fixed-rate mortgage Mortgages Banks Finance 477

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. So, there’s fewer loans to go around, fewer loans being sold at premiums, so mortgage companies are likely in for consolidation,” he said.

Mortgages 370

Mortgages Marketing Banks Loans 370

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 519

Mortgages Marketing Lending Loans 519

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 401

Marketing Purchase and sale agreement Investor Banks 401

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 369

Fixed-rate mortgage Mortgages Loans Loan Officer 369

Housing Wire

DECEMBER 15, 2021

Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 30.9% 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. Refi apps fell 41.4%

VA loan 402

VA loan FHA loan Fixed-rate mortgage Loans 402

Marco Santarelli

APRIL 24, 2024

While mortgage demand has indeed been on a downward slope, a housing market crash seems like a distant prospect at this point. Let's dissect the current situation in the housing market and what it means for aspiring homeowners. The average 30-year fixed-rate mortgage has climbed to 7.24%, the highest level since late 2023.

Mortgages 105

Mortgages Fixed-rate mortgage Marketing Loans 105

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon. “As

Mortgages 403

Mortgages Fixed-rate mortgage Construction New Construction 403

Housing Wire

OCTOBER 16, 2023

The market is rocky, margins are tight. 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. And warehouse lines.

Fixed-rate mortgage 405

Fixed-rate mortgage Banks Lending Mortgages 405

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% Rates for jumbo loans were at 7.23%, down from 7.27% in the same period.

Mortgages 452

Mortgages Fixed-rate mortgage Loans Residential 452

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 450

Mortgages Fixed-rate mortgage Loans Loan Officer 450

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 523

Mortgages Fixed-rate mortgage Loans Equity 523

Housing Wire

OCTOBER 27, 2022

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. A year ago at this time, rates averaged 3.14%. United Wholesale Mortgage (UWM) launched the product in August. “I Demand hits 25-year low.

Mortgages 379

Mortgages Fixed-rate mortgage Loan Officer Seller concession 379

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

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.

Mortgages 369

Mortgages Fixed-rate mortgage Loans Lending 369

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. Market indicators so far appear tentatively promising.

Equity 453

Equity Lending Banks Loans 453

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% million existing homes on the market in August and would take 3.2 According to the NAR, there were 1.28

Mortgages 414

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 414

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. What is a Turnkey Rental Property?

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

OCTOBER 26, 2023

According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. Executives see opportunities for the consumer-direct channel to offer customers refinances when interest rates fall. Consumer-direct, interest-rate lock commitments (IRLCs) came in at $1.7

Fixed-rate mortgage 404

Fixed-rate mortgage Principal Banks Loans 404

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 423

Loans Mortgages Banks Fixed-rate mortgage 423

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. Homebridge will continue the integration plans with DART, our blockchain-based mortgage and eNote registry.”.

Fixed-rate mortgage 393

Fixed-rate mortgage Lending Technology Loans 393

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. homeowners.

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. homeowners.

Equity 382

Equity Fixed-rate mortgage Principal Loans 382

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. As we finish up Q4, let’s take a look at some of the latest trends and news that are currently impacting the real estate market. Mortgage Interest Rates are Quickly Increasing. percent, which is 3.85

Industrial 94

Industrial Fixed-rate mortgage Banks Closing 94

Housing Wire

NOVEMBER 10, 2023

Because of that, they want to avoid any potential bidding wars by getting back into the market earlier rather than waiting for mortgage rates to drop further. What’s going on with mortgage rates? “So the fact that the Fed didn’t raise rates, the market rushed to say, ‘well, rates are going to get cut.’

Mortgages 423

Mortgages Fixed-rate mortgage Loans Banks 423

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 393

Mortgages Fixed-rate mortgage Lending Industrial 393

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 351

Bankruptcy Investor Fixed-rate mortgage Loans 351

Marco Santarelli

MARCH 30, 2024

This uncertainty underscores the importance of personal financial planning and consulting with financial advisors to make the best decision based on individual circumstances and market conditions. Is It Better to Buy a House When Interest Rates Are High?

Fixed-rate mortgage 111

Fixed-rate mortgage Finance Equity Mortgages 111

Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. to 2 points.”

Equity 374

Equity Lending Loans Banks 374

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

Marco Santarelli

NOVEMBER 1, 2023

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. economy and the real estate market.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Keeping Current Matters

DECEMBER 9, 2020

According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. It’s easy to jump to the conclusion that house appreciation is out of control in today’s market. Realtor.com just released their November Monthly Housing Market Trends Report. CoreLogic : 7.3%. Case-Shiller : 7%.

Fixed-rate mortgage 253

Fixed-rate mortgage Residential Finance Mortgages 253

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officer 393

Loan Officer Loans Investor Mortgages 393

Housing Wire

NOVEMBER 10, 2022

This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As Freedom Mortgage engaged in massive layoffs starting last week, sources told HousingWire. Smaller business .

Mortgages 370

Mortgages Loan Officer Banks Lending 370