Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market.

Industrial 413

Industrial Mortgages Investor Technology 413

Housing Wire

MARCH 20, 2024

I don’t expect we’ll see much of a market reaction to the Fed meeting this week because the Fed is waiting for the incoming data, just like the rest of us,” said Danielle Hale, chief economist at Realtor.com. It seems to me they didn’t want to make that same mistake today.” “I

Industrial 424

Industrial Mortgages Banks Principal 424

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. Mortgage Insurers.

Industrial 544

Industrial Mortgages FHA loan Finance 544

Housing Wire

APRIL 10, 2024

While officials are on track to hold rates steady at the next Federal Open Markets Committee meeting, the next inflation data, set for release on April 26, could shape the debate over what to do at the subsequent meeting in June. Meanwhile, mortgage rates have steadied recently. Inflation is down from the high of 9.1%

Industrial 421

Industrial Mortgages MLS As-is 421

Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. “The mortgage market began 2023 on a positive note, with a decline in mortgage rates leading to an uptick in refinance applications.

Industrial 491

Industrial Mortgages Fixed-rate mortgage Investor 491

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. But then a rebound in 2024 — up 19%,” Fratantoni said.

Mortgages 489

Mortgages Marketing Banks Industrial 489

Housing Wire

SEPTEMBER 26, 2023

Plunk , an AI-powered home analytics platform, has partnered with two real estate industry marketing companies, Union Street Media and Realforce , to scale its real-time data and analytics across multiple digital channels. Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities.

Industrial 406

Industrial Marketing Technology Brokerage 406

Housing Wire

APRIL 5, 2024

As a result, mortgage rates are likely going to stay elevated for longer.” million openings one year prior, according to other recent job market data. However, mortgage rate relief is dependent on falling inflation and cooling employment growth. In February, job openings remained steady at 8.8 million jobs, down from 9.8

Industrial 296

Industrial Mortgages Construction MLS 296

Housing Wire

FEBRUARY 23, 2023

The mortgage industry has been on a roller coaster ride this year due to a resilient economy. In the span of a month, mortgage rates shot up near 7% after dropping to the low 6%-levels. “The The 30-year fixed-rate mortgage rose again to 6.5% Even before these data were released, minutes from the Jan.

Industrial 384

Industrial Mortgages Fixed-rate mortgage Investor 384

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Other indices put mortgage rates even higher. It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. Few industries are as impacted by market fluctuations as housing.

Industrial 384

Industrial Mortgages Fixed-rate mortgage Equity 384

Housing Wire

MAY 1, 2024

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits , several prominent industry analysts believe Zillow will struggle with its financial performance. This is a positive evolutionary step for the industry,” Barton added.

Industrial 372

Industrial Technology Agents Finance 372

Housing Wire

APRIL 12, 2024

As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.” They go on to describe the potential significance of AI in multiple areas of mortgage lending. trillion in 2032.

Industrial 368

Industrial Technology Banks Mortgages 368

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

Industrial 421

Industrial Mortgages Loans Closing 421

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. The sources spoke about these issues during this week’s Mortgage Bankers Association (MBA) Servicing Solutions Conference & Expo in Orlando.

Industrial 440

Industrial Closing FHA loan Loans 440

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending 376

Lending Industrial Mortgages Loans 376

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The changes include updates to pricing for second homes, high-balance loans and cash-out refinances that were first announced in 2022. .

Debt-to-income ratio 541

Debt-to-income ratio Industrial Mortgages Loans 541

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

Industrial 401

Industrial Mortgages Loan Officer Technology 401

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. And this time, the most wonderful time of the year gives way to what, in the mortgage industry, could be the most awfullest time of the year. The mortgage industry has been going through these cycles since the 1980s.

Industrial 450

Industrial Mortgages Principal Technology 450

Housing Wire

NOVEMBER 15, 2023

Luckily, the mortgage industry is cyclical, so let’s take a look at how you can turn a negative into a positive and grab clients’ attention through effective marketing , ultimately growing your book while others’ shrink. Meeting in person adds a level of trust and rapport that virtual meetings simply can’t match.

Mortgages 409

Mortgages Marketing Agents Industrial 409

Housing Wire

JUNE 28, 2023

Most mortgage professionals have either started to adopt artificial intelligence (AI) or are at least aware of how it can be adopted to make the loan origination process more efficient. Automated comparison checks can help solve one of the biggest issues in mortgage banking: a lack of trust in data provided by borrowers and lenders. “We

Industrial 364

Industrial Mortgages Principal Loans 364

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 344

Mortgages Title Marketing Lending 344

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. The Loan Atlas niche is served by its coaching faculty, consisting of 19 top mortgage originators and executives from various lending companies, according to Braheem.

Mortgages 394

Mortgages Loan Officer Marketing Loans 394

Housing Wire

JUNE 30, 2022

As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. title insurance industry’s risk-adjusted industry capital declined, however, overall it remained supportive of ratings at the close of 2021.

Title 352

Title Industrial Marketing Commercial 352

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Mortgages 367

Mortgages Loan Officer VA loan Lending 367

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. Inventory issues. All about the rates.

Industrial 512

Industrial Mortgages Technology Loans 512

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. Installation of solar panels is gaining steam, with the solar market installing a record of 19.2 “We have a significant portfolio of clients, roughly 2.5

Industrial 415

Industrial Mortgages Lending Loans 415

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE attributed “an analog to digital conversion occurring in the U.S. from Q3 2022’s $276 million.

Industrial 275

Industrial Mortgages Technology Loan Officer 275

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

Industrial 338

Industrial Banks Residential Lending 338

Housing Wire

APRIL 19, 2022

Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The company, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. a share, with a market capitalization of about $1.17

Industrial 368

Industrial Mortgages Investor Loans 368

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. Once inflation is contained, mortgage rates will start to drift lower.

Industrial 406

Industrial Mortgages Fixed-rate mortgage Principal 406

Housing Wire

OCTOBER 4, 2022

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. Total operating income for the industry was down 4.2% of the market, good for sixth place.

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Title Industrial Marketing Land 404

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. For companies to survive and thrive, mortgage executives must focus on three primary factors: risk, strategy and efficiency. In terms of managing financial risk, considerations include interest rate, market and reputation.

Industrial 383

Industrial Mortgages Development Loans 383

Housing Wire

NOVEMBER 7, 2023

The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market. The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending.

Banks 437

Banks Mortgages Marketing Lending 437

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.”

Industrial 387

Industrial Mortgages Purchase and sale agreement Banks 387

Housing Wire

APRIL 17, 2024

Market Intelligence Market Intelligence is a robust data visualization tool that combines the power of CoreLogic’s data assets with clear and actionable insights that give you a better understanding of the mortgage industry, allowing you to adapt to industry trends, improve LO recruitment and foster deeper relationships within the industry.

Marketing 392

Marketing Industrial Mortgages 392

Housing Wire

MARCH 18, 2021

Mortgage rates have increased roughly 50 basis points in the first few months of 2021, in no small part due to fears that inflation will rear its ugly head as the economy rebounds. But the Federal Reserve is staying the course, maintaining the low-rate environment that gave rise to the best year for the mortgage industry in history.

Industrial 412

Industrial Mortgages Banks As-is 412

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Their innovative marketing technology is easy to use and is proven to move the needle in our industry.

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Marketing Mortgages Loans Industrial 342