Housing Wire

JULY 11, 2023

Land sales volume continued to exceed the five-year average of $650 million in gross sales during the first six months of 2023, but gross sales are off from the record-setting pace of 2021 and 2022, according to Farmers National Company mid-year land values report , released Tuesday.

Land 329

Land Sales Investor Marketing 329

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

Loan Officer 382

Loan Officer Mortgages VA loan Lending 382

Housing Wire

SEPTEMBER 30, 2023

Why are mortgage rates rising? The jobless claims data is my key 2023 economic data line for the bond market and mortgage rates because I don’t believe the Fed will pivot until the four-week moving average of jobless claims gets above 323,000. Land the plane, folks, land the plane!

Mortgages 474

Mortgages Land Staging Marketing 474

Housing Wire

DECEMBER 18, 2023

A decline in mortgage rates since November helped end four months of declines in builder confidence. According to NAHB Chief Economist Robert Dietz, the peak in mortgage rates for this cycle is behind us, which should help “to spur buyer demand in the coming months.”

Mortgages 455

Mortgages Land Development Sales 455

Housing Wire

MARCH 2, 2021

TitleOne , a subsidiary of Realogy Title Group, announced today the acquisition of Land Title of Nez Perce County in Lewiston, Idaho. Land Title of Nez Perce County was previously owned and operated by Joe Strohmaier, a 25-year industry veteran who will continue to manage Land Title’s operations.

Title 360

Title Land Finance Loans 360

Housing Wire

AUGUST 24, 2023

Strong consumption data combined with slowing inflation points to a “soft landing” for the economy, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Thursday. Rising mortgage rates will also exert more downward pressure on sales. The group upgraded its 2023 real GDP growth outlook to 1.9% decline from 0.1%

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Land Sales Fixed-rate mortgage Construction 263

Housing Wire

OCTOBER 25, 2023

With mortgage rates still hovering around 8%, mortgage applications decreased 1% for the week ending Oct. 20 compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association. the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4%

Mortgages 390

Mortgages VA loan FHA loan Loans 390

Housing Wire

MAY 3, 2024

The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. After last month’s jobs report, I talked about the path the Federal Reserve could take to land the plane based on wage growth data slowing down and getting closer to the Fed’s model. level, but it’s at least heading that way.

Mortgages 432

Mortgages Marketing Staging Land 432

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. In addition to the funding round, Stavvy also announced its alliance with Flagstar Bank , the sixth-largest bank mortgage originator in the country, to provide remote loan modification services.

Land 353

Land Lending Technology Banks 353

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 401

Mortgages Fixed-rate mortgage Marketing MLS 401

Housing Wire

NOVEMBER 3, 2023

The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. As I write this article, the 10-year yield is at 4.53%, and mortgage rates are heading lower! We had a solid job openings print this week and jobless claims are still near historic lows.

Mortgages 469

Mortgages Land As-is Marketing 469

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. mortgage markets ,” Tom Pearce, CEO, chairman and co-founder of MAXEX, said in a statement. Terms of the transaction were not disclosed.

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Equity Land Investor Loans 304

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

As-is 425

As-is Industrial Mortgages Loans 425

Housing Wire

SEPTEMBER 25, 2023

If it is not reauthorized by Congress before that date, the mortgage industry could see consequences, including ceding control of certain land use policies and the cessation of some mortgage lending. There would also be a chilling effect on the mortgage industry, according to experts and lawmakers. “By

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Lending Mortgages Land Banks 425

Housing Wire

FEBRUARY 15, 2024

Opportunity in the current mortgage market may be challenging to find — and that could arguably be truer for those who offer reverse mortgage products for clients. Still, reverse mortgage professionals are always keeping their eyes peeled, and a group of them shared what they’re looking out for in 2024 for their businesses.

Mortgages 337

Mortgages Banks Equity Land 337

Housing Wire

APRIL 5, 2022

But what does virtual real estate mean for real-world mortgage professionals? Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. Today, the law is not yet clear on whether or not virtual land in the Metaverse is “actual” real estate.

Mortgages 527

Mortgages Lending Land Loans 527

Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me.

Industrial 418

Industrial Mortgages Loans Lending 418

Housing Wire

SEPTEMBER 14, 2023

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. Other indices showed different mortgage rates this week.

Mortgages 419

Mortgages Fixed-rate mortgage Investor MLS 419

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. Native Americans often face difficulty when accessing credit on tribal lands.

VA loan 359

VA loan Mortgages Land Loans 359

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. How 2020 continues to impact mortgage closings.

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Lending Land Loans Technology 248

Housing Wire

JANUARY 6, 2023

Can we have a soft landing in the economy? Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. This is why Friday’s data is exciting to see and why the bond market sent mortgage rates to 6.20% and yes — we are back on 5-handle mortgage rate watch. Job report.

Mortgages 525

Mortgages Construction Land Staging 525

Realty Biz

FEBRUARY 19, 2024

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

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Land Due diligence Title search Finance 126

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. In the coming months, more former FoA employees are expected to “trickle in” to Go Mortgage’s retail division, which will bring the total number to 200. Go Mortgage originated $753.2

Mortgages 457

Mortgages FHA loan Loan Officer Construction 457

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. These are clients with great income, credit scores and who are very creditworthy,” Bob Walters, CEO of Rocket Mortgage, said in a statement.

Loans 369

Loans Mortgages Land Finance 369

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% mortgage rate at the end of August. “At

Mortgages 470

Mortgages FHA loan Equity Loans 470

Housing Wire

APRIL 13, 2021

The credit box has tightened to the point where the average FICO score for all loan types is north of 750, according to ICE Mortgage Technology, and we know of several lenders whose credit overlays require applicants to have closer to a 780. This seems sensible — but it also has unintended consequences. Meanwhile, the average U.S.

Land 408

Land Loans Mortgages Lending 408

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 352

Mortgages Loan Officer Loans MLS 352

Housing Wire

FEBRUARY 22, 2023

Leading property data and analytics company CoreLogic has acquired Roostify , a digital mortgage technology provider. In its statement, CoreLogic said integrating Roostify ‘s mortgage platform into its own network of data assets and workflow platforms would reduce errors and help streamline the mortgage process.

Mortgages 328

Mortgages Technology Banks Lending 328

Housing Wire

NOVEMBER 10, 2023

Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I I think we were up right around 15% increase in the number of initial mortgage applications. What’s going on with mortgage rates?

Mortgages 413

Mortgages Fixed-rate mortgage Loans Banks 413

Housing Wire

APRIL 18, 2024

Wire fraud prevention firm CertifID and big four title firm Old Republic have entered into a strategic agreement to prevent mortgage payoff fraud , according to an announcement on Thursday. In a statement, CertifID CEO Tyler Adams said that he applauds Old Republic for taking the initiative to help reduce the risk of mortgage payoff fraud. “We

Title 449

Title Land Mortgages Banks 449

Housing Wire

APRIL 5, 2024

mortgage industry recently had to remind itself of this fact when a CNN analysis found that the nation’s largest credit union, Navy Federal, has the widest disparity in mortgage approval rates between white and black borrowers of any major lender. Is the mortgage industry offering fair access to loans?

Mortgages 325

Mortgages Lending Banks Loans 325

Housing Wire

OCTOBER 19, 2023

The Mortgage Bankers Association (MBA) had also expected the central bank would pause on rate hikes as real rates – which are inflation-adjusted– are 2%. Further declines in home sales from an already low level due to the run-up in mortgage rates will likely be muted relative to the slowdown in 2022, the ESR group projected.

Mortgages 375

Mortgages Land Banks Sales 375

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion portfolio of MBS.

Mortgages 397

Mortgages Banks Loans Industrial 397

Housing Wire

JANUARY 12, 2023

This should also mean mortgage rates hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. This does mean mortgage rates should be getting better today. Today’s inflation data has shown that the peak growth rate of inflation is behind us. 27 is thinking 12 months out.

Mortgages 529

Mortgages Staging As-is Land 529

Housing Wire

MAY 1, 2024

billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s Market Share Analysis , released Tuesday. ALTA attributed the drop in premium volume to a decrease in mortgage originations. Rounding out the top 10 for Q3 2023 were Westcor Land Title Insurance Co.

Title 328

Title Land Industrial Mortgages 328

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgages 348

Mortgages Residential Construction Lending 348

Housing Wire

NOVEMBER 13, 2022

This is the second time this year that the Fed empire has struck back after mortgage rates made a move lower. If mortgage rates started to go toward 5% and stay there, their job-loss recession forecast would be harder to obtain next year. ” As you can see, the Fed isn’t happy about the move in the stock or mortgage markets.

Mortgages 381

Mortgages Land Marketing As-is 381