Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today.

Mortgage rates move slowly despite tightening market

Housing Wire

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. The year-over-year increase in rates is impacting mortgage applications.

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Mortgage marketing solutions

Housing Wire

In today’s purchase-heavy market, lenders must shift their priorities to increasing sales volume and standing out among the competition. The two companies featured in this section offer tools to support lenders in their marketing efforts. Black Knight ICE Mortgage Technology.

What 5% mortgage rates mean for the housing market?

Housing Wire

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market.

The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

In this session, Grier Allen, CEO and Co-Founder of BoomTown, will breakdown the top housing trends for 2022, and help you navigate the constant changes in the market so that you can achieve success!

Mortgage applications fall amid market jitters

Housing Wire

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. This, in turn, led to mixed changes in mortgage rates. The FHA share of total mortgage applications increased to 9.6%

The purchase mortgage market continues to pick up steam

Housing Wire

Mortgage loan application volume rebounded from the week prior, increasing by 0.3% 10, according to the Mortgage Bankers Association’s weekly report. The very competitive purchase market continues to put upward pressure on sales prices,” Kan added.

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The improving job market is all to the positive.

The mortgage market moves to purchase

Housing Wire

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Closing rates on purchase mortgages dropped to 76.3% The post The mortgage market moves to purchase appeared first on HousingWire.

Freedom Mortgage dominates the MSR market

Housing Wire

Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. . The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp. ,

Canadian mortgage brokerage takes Rocket Mortgage name

Housing Wire

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Rocket’s expansion comes amid an expected slowdown in Canada’s housing market.

Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

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. “We know that the mortgage industry is about boom and bust,” said Woodward. “It

In a bad mortgage market, these are areas of opportunity for lenders

Housing Wire

Those the three areas represent an opportunity for lenders grappling with a deeply challenging mortgage market, Sales Boomerang said in its second quarter mortgage opportunities report. The mortgage inquiry alert was down 28.6%

We need higher mortgage rates to cool the housing market

Housing Wire

history, with the lowest mortgage rates recorded in history. So far this year, the weekly Mortgage Bankers Association purchase application data compared to last year looks like this: +3%; +10%; +15%; +16%; +16%; +17%.

Staying prepared in a changing mortgage market

Housing Wire

Hosted by Mortgage Capital Trading. Collateral valuation is a critical component of mortgage lending and the home sales process. Phil Rasori COO, Mortgage Capital Trading. The post Staying prepared in a changing mortgage market appeared first on HousingWire.

Fannie Mae income drops amid mortgage market troubles

Housing Wire

Fannie Mae , the government-sponsored enterprise that backs the majority of conventional mortgages, is not immune to the sharp decline in mortgage refinances. Fannie Mae’s net income decrease was mainly due to the expense of managing credit risk on mortgage loans.

What a dip in mortgage demand says about the housing market

Housing Wire

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey.

Here’s why the housing market needs higher mortgage rates

Housing Wire

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. I liked the Dallas Fed’s article; I thought they were much calmer about the housing market than I am. Economics Housing Market hwmember Logan Mohtashami

Market Update for Marketers

Housing Wire

As marketers in the ever changing real estate and mortgage industry it is important to stay up to date on all things going on. Some mortgage companies expanding despite the challenges The big nonbanks stir up a non-QM turf war Open Mortgage reverse expansion focuses on long-term goals.

Mortgage application volume dips 1.7% led by decline in purchase mortgages

Housing Wire

Demand for mortgages declined for the second consecutive week, led by a dip in purchase mortgage applications — despite rates on a downward trend. The market composite index, a measure of mortgage loan application volume, decreased 1.7%

Mortgage applications dipped 6% continuing 3-week decline

Housing Wire

Weakening economic outlook, high inflation and affordability challenges took a toll on buyer demand, leading to a drop in both purchase and refi applications last week, according to the Mortgage Bankers Association (MBA). retail residential mortgage applications.

Mortgage apps fall as higher-end market takes off

Housing Wire

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board.

Will higher mortgage rates cool the housing market?

Housing Wire

Higher treasury yields have pushed mortgage rates higher, but will higher rates cool the housing market? The post Will higher mortgage rates cool the housing market? Economics Mortgage Mortgage Rates HWplusCan you smell it in the air? America is back!

Rocket Mortgage: UWM is trying to “manipulate” market

Housing Wire

Tension between long-time rivals United Wholesale Mortgage and Rocket Pro TPO , formerly Quicken Loans Mortgage Services , reached a new boiling point after the top wholesale lender in the nation announced it will no longer work with brokers who also work with Rocket Mortgage.

June: Market Update for Housing Marketers

Housing Wire

June was a volatile month for mortgage rates and for lenders having to adapt quickly to changing conditions. Other top stories looked to make sense of the new environment, including: · How mortgage lenders are navigating life at 6%. · Housing starts data raises 5th recession red flag.

The purchase mortgage market is back on top

Housing Wire

The share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight ‘s new monthly data report, the Originations Market Monitor.

Purchase market could exacerbate mortgage lenders’ cybersecurity weak spots

Housing Wire

Cyberattacks are on the rise in recent weeks, as sanctions on Russia push its economy to the breaking point , and mortgage lenders may have unique vulnerabilities. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

Opinion: The elasticity in mortgage employment

Housing Wire

Is there a new way to address the truth about staffing in the mortgage industry? While taking with Clayton Collins, CEO of HW Media, he used the term “elasticity” when describing the housing market and mortgage employment. I’ve been in mortgage for more than 25 years.

Mortgage rates reach highest level since 2018

Housing Wire

Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days.

Are shopping signals the secret to mortgage marketing?

Housing Wire

Educate your outreach by keying into shopping behavior and you can empower your mortgage marketing in the new year. Market outlook. The refinance boom of 2021 has given way to the purchase market of 2022. Using data to inform your marketing.

Mortgage applications jump 16%

Housing Wire

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The refinance share of activity of total mortgage applications increased to 64.1%

As the mortgage market went haywire, rate locks fell by 11%

Housing Wire

Just how bad was the mortgage market in June , when rates climbed north of 6%? The company’s monthly mortgage originations report also revealed that 82% of locks in June were purchases, the lowest share of refis since the company began tracking data in 2018.

Mortgage applications continue fall amid 5% rate

Housing Wire

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Mortgage rates have spiked more than 1.5 The post Mortgage applications continue fall amid 5% rate appeared first on HousingWire.

Announcing the 2022 Marketing Leaders!

Housing Wire

Connecting with clients and consumers has never been an easy task, and today’s market has been no exception. Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. VP, Marketing & Growth. VP of Growth Marketing.

Milo reaches $10M crypto-mortgage milestone

Housing Wire

Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. The lower the ratio, of course, the higher the rate adjustment will be for the crypto-mortgage.