Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

Agents 527

Agents Seller concession VA loan Finance 527

Housing Wire

NOVEMBER 9, 2023

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. The 30-year, fixed mortgage averaged 7.5% 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. 9, the largest one-week decrease since last November. as of Nov. for the week ending Nov.

Mortgages 457

Mortgages MLS Loans Investor 457

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

Mortgages 477

Mortgages Fixed-rate mortgage Loan Officer MLS 477

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct.

Fixed-rate mortgage 442

Fixed-rate mortgage Mortgages MLS Loans 442

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Our current mortgage finance system does not allow commissions to be plopped on top,” Lamacchia said. Department of Veteran Affairs (VA) loans.

MLS 414

MLS VA loan Agents As-is 414

Housing Wire

JANUARY 11, 2024

Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 384

Fixed-rate mortgage Mortgages Closing costs MLS 384

Housing Wire

OCTOBER 11, 2022

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform. The post Mortgage Coach integrates with Insellerate appeared first on HousingWire.

Mortgages 362

Mortgages Loan Officer Loans MLS 362

Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.89% this week, down from 5.93% the prior week.

Fixed-rate mortgage 404

Fixed-rate mortgage Mortgages MLS Loans 404

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%.

Mortgages 411

Mortgages Fixed-rate mortgage Marketing MLS 411

Housing Wire

APRIL 10, 2024

in June 2022, but it is not down far enough for the Federal Reserve to begin cutting interest rates,” Bright MLS Chief Economist Lisa Sturtevant, said in a statement. Meanwhile, mortgage rates have steadied recently. Inflation is down from the high of 9.1% in March, the sixth month in a row below 2%.

Industrial 394

Industrial Mortgages MLS As-is 394

Housing Wire

OCTOBER 12, 2023

Mortgage rates kept climbing for the fifth consecutive week, bringing average year-over-year rates 60 basis points higher. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct.

Fixed-rate mortgage 366

Fixed-rate mortgage Mortgages MLS Investor 366

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. in September.

Principal 463

Principal MLS Finance Mortgages 463

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments.

Investor 324

Investor Finance MLS Closing costs 324

Housing Wire

APRIL 5, 2024

“Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As The job openings rate was steady at 5.3% million and a rate of 2.2%

Industrial 276

Industrial Mortgages Construction MLS 276

Housing Wire

MARCH 28, 2024

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are asking federal housing officials to confirm their treatment of interested party contributions (IPCs) to home purchase transactions. Sellers or buyers can pay the buyer’s agent’s fees.

VA loan 414

VA loan Closing costs MLS Loans 414

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. According to Lawrence Yun, chief economist and senior vice president of research at NAR , “mortgage rates are likely to be past their peak and on the way downward.” since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

MARCH 1, 2023

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

MLS 305

MLS Loan Officer Technology Loans 305

Housing Wire

SEPTEMBER 27, 2023

At the same time, builders also adapted to the needs of today’s home buyers who are navigating higher mortgage rates. However, higher interest rates are also increasing the cost of financing for builders and developer loans, adding another challenge for building, Alicia Huey, chairman of the NAHB, noted in a statement on Tuesday.

Marketing 504

Marketing New Construction Finance Construction 504

Housing Wire

FEBRUARY 13, 2024

” Bright MLS Chief Economist Lisa Sturtevant expects the Fed to cut rates later this year and forecasts mortgage rates to come down. Look for May for the first Fed rate cut at the current trend.” However, she doesn’t anticipate homebuyers to feel that much of a relief as prices remain elevated, including home prices.

MLS 401

MLS Finance Mortgages Closing 401

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. There are other ways to find inventory rather than just using your MLS. Lack of information creates enormous stress.

Proof of funds 394

Proof of funds Inspection contingency Inspection MLS 394

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 421

Technology Development Title Lending 421

Housing Wire

JANUARY 11, 2024

Called Clareity Assure, the new, upgraded security platform is available to any MLS concerned about vulnerabilities in its listing data. Security is one of the top issues on the minds of every MLS leader today,” Shaleen Khatod, executive of enterprise strategy and initiatives for CoreLogic , said in a statement.

MLS 346

MLS Title Banks Industrial 346

Housing Wire

APRIL 4, 2022

Educate your outreach by keying into shopping behavior and you can empower your mortgage marketing in the new year. Though mortgage rates have gone up slightly, they still hover at bargain lows for consumers who are considering homebuying. Market outlook. Although the rate of home price growth is slowing, appreciation remains robust.

Mortgages 360

Mortgages Marketing Equity MLS 360

Housing Wire

DECEMBER 20, 2023

“The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. “A A marked turn can be expected as mortgage rates have plunged in recent weeks.”

Sales 378

Sales Fixed-rate mortgage MLS Mortgages 378

Housing Wire

AUGUST 22, 2022

Mortgage startup NFTYDoor plans to launch a home equity platform, promising borrowers “a one-minute online application and funding in as little as three days.” The Virginia-based mortgage lender provides $25,000 to $250,000 in home equity with a 25-year fixed-rate term. Schacknies stepped down.

Equity 335

Equity MLS Renovation Loans 335

Housing Wire

MAY 15, 2024

Unfortunately, there is evidence that rents are going to be on the rise in the second half of 2024, according to Bright MLS chief economist Lisa Sturtevant. Mortgage rates have similarly stopped climbing, but continue to exceed 7%. That slowdown in new supply will increase pressure on rents.”

Construction 345

Construction MLS Investor Mortgages 345

Housing Wire

NOVEMBER 20, 2023

Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. If this is to happen, buyer agents and mortgage companies will be forced to adapt.

Pre-approval 393

Pre-approval Agents Loan Officer Seller concession 393

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

As-is 480

As-is Sales New Construction MLS 480

RIS Media

SEPTEMBER 28, 2023

Mortgage rates are the highest they’ve been in years. Thus, many prospective homebuyers who thought they had their finances buttoned up are suddenly having to recalculate, and often stretch, if able to purchase at all. Recent… The post The Playbook: Client Finances…What Must You Know? Will that change?

Finance 119

Finance Mortgages Development MLS 119

Housing Wire

OCTOBER 11, 2023

In a 75-page report, the analysts broke down the structural impacts that a change to the NAR’s Clear Cooperation rules would have for agents, brokerages, mortgage companies, real estate portals and — most importantly — consumers. A workaround with mortgage? Yep, rolling it into the mortgage. Who’s most exposed?

Agents 467

Agents Purchase and sale agreement Brokerage Finance 467

Housing Wire

SEPTEMBER 7, 2023

The three class action suits Moehrl , Sitzer/Burnett , and Nosalek , named after their lead plaintiffs, take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

Agents 380

Agents Loan Officer Lending MLS 380

Housing Wire

AUGUST 23, 2023

This aligns with mortgage application data for new builds, which showed demand up 35.5% Building activity continues to be buoyed by a strong and steady demand, but there could be a shift underway in the housing market, warns Bright MLS Chief Economist Lisa Sturtevant. But mortgage rates are the X factor.

Sales 326

Sales MLS Finance Mortgages 326

Housing Wire

AUGUST 1, 2022

Bright MLS. ICE Mortgage Technology. Draper and Kramer Mortgage. RoundPoint Mortgage Servicing Corporation. Atlantic Bay Mortgage Group. Branch Manager and SVP of Mortgage Lending. Finance of America Reverse. Freedom Mortgage. Association of Independent Mortgage Experts. Mortgage Coach.

Lending 381

Lending Title Technology Finance 381

Housing Wire

OCTOBER 25, 2023

In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS. “Maybe the local company or the MLS does, but we don’t,” Blefari testified. He refused to provide evidence about the purpose of the rule, but he admitted the rule was a core component of the MLS.

MLS 396

MLS Agents Brokerage As-is 396

Housing Wire

MAY 3, 2024

housing market, Lisa Sturtevant, chief economist at Bright MLS , observed. “A Mortgage rates would also come down, making it less expensive for homebuyers to borrow money to purchase a home,” Sturtevant said. A slowing labor market can be both good and bad for the U.S.

MLS 383

MLS Marketing Mortgages Sales 383

Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. In fact, mortgage applications picked up in the week leading up to the Fed meeting, signaling a wave of optimism. However, at Mortgage News Daily , mortgage rates were higher on Tuesday, at 7.30%.

Fixed-rate mortgage 407

Fixed-rate mortgage Mortgages Investor MLS 407

Housing Wire

AUGUST 18, 2023

Private sales, for sale by owner and other sales not found in your MLS could be really good comparable homes, so ask good questions and don’t just assume your seller is overpriced. Not just for your town or even zip code, but for their neighborhood, school district and MLS code. Know what’s going on with the new construction!

Pre-qualification 357

Pre-qualification New Construction MLS Construction 357