Housing Wire

FEBRUARY 13, 2024

Bringing awareness to potential opportunities in the reverse mortgage space can be a challenge, but Kristen Sieffert, president of Finance of America Companies (FOA), says it’s a task she’s more than willing to take on. 2023 was a rough year ; I’m happy that it’s in the rearview mirror,” she said. “I

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Housing Wire

JUNE 9, 2023

Home prices aren’t crashing, despite what the housing bubble boys are saying. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years.

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Housing Wire

DECEMBER 4, 2023

Housing Forward is leading the charge in the greater Dallas area against homelessness, a vexing problem that plagues many cities across the county, and in recent years the nonprofit has notched some significant victories in the effort. That has been accomplished through the Housing Forward-led R.E.A.L

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Housing Wire

FEBRUARY 15, 2024

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). Everybody needs some kind of assistance in buying a home,” Saller said.

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Housing Wire

AUGUST 4, 2023

A new affordable housing law passed by Florida’s legislature and signed in March by Gov. Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government.

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Housing Wire

DECEMBER 1, 2023

“With the latest Federal Housing Finance Agency (FHFA) announcement, he could qualify for a conforming loan paying a 5% down payment of roughly $40,000 rather than $80,000 – which could have put him on the sideline. For high-cost areas, the loan limit is $1.149 million. on an annual basis in 2024.

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Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

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Housing Wire

SEPTEMBER 8, 2022

For sure, this Bank of America loan doesn’t have the exotic loan debt structures that caused so much pain during the housing crash years, but it’s good to understand what could happen. First, to explain my logic here, I need to express what I believe housing is: “ Housing is the cost of shelter to your capacity to own the debt.

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Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. This is what I call a supply-constrained market. “In The perplexing part: Why are home prices not declining in this environment?

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Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: How does ICE determine the right balance between automation and the human element? It’s also helping those borrowers find the right products.

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Housing Wire

JUNE 7, 2023

One of the great concerns I have, as both a former regulator and the former head of a major industry trade association, is the downside risk of keeping the GSEs in conservatorship any longer. In fact I testified in front of Congress in 2017 stating such. For me, it’s really a question about the lesser of two evils.

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Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year. I am looking forward to seeing how the data reacts to higher rates.

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Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? In reality, the volatility in housing inventory is due to the Labor Day holiday, the start of school and the fact that new listings are trending at the lowest levels ever. Weekly housing inventory Some of the volatility with new listings data has also hit the active listings data.

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Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

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Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. I would say the risks are tilted that way, but we don’t have it in our forecast model.

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Housing Wire

AUGUST 3, 2022

The question is, can lower mortgage rates save the housing market from its recent downtrend? To understand this, we need to look back into the past to realize how different this period is from what we had to deal with in the previous expansion when rates rose and then fell. Housing acts better when rates are below 4%.

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Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. However, the housing market did run into one problem in 2020. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model.

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Housing Wire

JANUARY 10, 2023

For those of us in housing finance, the calendar year change really does mean something. If we can get past Q1 then things start looking up for the rest of the year, with rates expected to get down to 5.2%. I would be remiss not to choose appraisal as the first area that desperately needs action. Housing Affordability.

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Housing Wire

OCTOBER 19, 2022

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

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Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

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Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. They are a very underutilized product,” Nunziata added, “but I think they’re a great product. in year one, go to 5.2%

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Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. So, it shouldn’t be a shock that as soon as housing demand just stabilized, we ran into some negative year-over-year data.

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Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing. If a home has 25 offers on it, only one of those offers will actually buy the house.

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Housing Wire

MARCH 25, 2021

Do I need to pay off my student loans before buying my first home? How much house can you afford to buy? You Can Always Defer Payments. Meaning, you can take longer to pay down your debt (without accumulating a great deal of interest) than you would with credit card debt.

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Housing Wire

FEBRUARY 16, 2024

They are a great company with an awesome culture in markets we just don’t have much of a presence in, so it made sense. SW: How does this acquisition fit in with New American Funding’s overall strategy? That allows us to turn our clients into cash buyers, which will be very relevant as the housing market heats up.

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Housing Wire

SEPTEMBER 27, 2022

When Federal Reserve Chairman Jerome Powell talked about a housing reset in June , it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting , held last week, Powell finally clarified what he meant by that term and what a housing reset means to the Fed. What a housing reset means.

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Housing Wire

DECEMBER 3, 2021

Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

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Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. Weekly housing inventory. 30, 2022-Jan.

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Housing Wire

MAY 9, 2022

have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. Over the weekend, I tweeted several charts, showing people the big divergence between home price growth and real disposable income in the two countries. look very cheap.

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Housing Wire

NOVEMBER 13, 2020

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. How many other clients are you representing right now? Is 2021 a good time to buy a house? How has COVID-19 changed down payment options?

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Housing Wire

JANUARY 31, 2023

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states.

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Housing Wire

DECEMBER 27, 2023

So far, Posnick said he feels encouraged by how clients are responding to his answers. I was at a listing appointment for a $2.5 I think my biggest fear is that it becomes more adversarial,” Posnick said. I personally think we are nowhere close to the final result of these lawsuits — we are at the outer bands of this hurricane.”

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Housing Wire

JUNE 21, 2022

The housing nightmare continues. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. million , down 3.4% from the previous month and 8.6% from last year.

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Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. To get access to the next Q&A on June 8th, you can join HW+ here. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market?

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Housing Wire

NOVEMBER 19, 2020

On the flip side, the measure may also free up much-needed inventory in the state, as it protects senior homeowners who want to sell their current home and downsize, but have been afraid of much higher taxes. How a cloud-based tax platform benefits mortgage servicers. Those homes are now going to be taxed at a much higher rate.

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