Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. According to Inside Mortgage Finance (IMF) estimates, Flagstar originated $15.7 billion in mortgages in 2023.

Mortgages 437

Mortgages Banks Marketing Commercial 437

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.

Mortgages 406

Mortgages Marketing Banks Investor 406

Housing Wire

MARCH 13, 2024

A decline in interest rates buoyed mortgage demand for another week. Mortgage applications increased by 7.1% on a seasonally adjusted basis during the week ending March 8, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

Mortgages 446

Mortgages Loans Residential Marketing 446

Housing Wire

FEBRUARY 21, 2024

Mortgage demand continued its downward trajectory last week as interest rates moved back above 7%. Mortgage applications decreased by 10.6% 16, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. And the U.S.

Mortgages 437

Mortgages Fixed-rate mortgage Loans Residential 437

Housing Wire

FEBRUARY 7, 2024

Mortgage demand picked up last week as lower interest rates steered homebuyers back into the market, but activity remains weaker than a year ago because of limited inventory. Mortgage applications increased by 3.7% Mortgage applications increased by 3.7% The 30-year fixed-rate mortgage averaged 6.63% as of Feb.

Mortgages 469

Mortgages Fixed-rate mortgage Loans Residential 469

Housing Wire

APRIL 26, 2024

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due), accounted for 1.5%

Mortgages 481

Mortgages Staging Principal Loans 481

Housing Wire

MARCH 6, 2024

The typically busy spring housing market seems to already be at the doorstep despite stubbornly higher mortgage rates. Mortgage applications increased by 9.7% on a seasonally adjusted basis during the week ending March 1, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey.

Mortgages 427

Mortgages FHA loan Loans Residential 427

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. Overall, mortgage applications fell last week by 8.8% from one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. last week. .

Mortgages 383

Mortgages Fixed-rate mortgage Marketing Loans 383

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 430

Mortgages Title Marketing Lending 430

Housing Wire

FEBRUARY 14, 2024

Mortgage demand was weaker last week as interest rates moved higher across the board. Mortgage applications decreased by 2.3% 9, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. Last week, refis comprised 34.2%

Mortgages 407

Mortgages Fixed-rate mortgage Loans Residential 407

Housing Wire

APRIL 27, 2022

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. from a year ago. from the prior week and was down 16.6%

Mortgages 383

Mortgages Fixed-rate mortgage Marketing Loans 383

Housing Wire

JANUARY 3, 2024

Mortgage demand fell over the holidays despite declining mortgage rates. Mortgage applications decreased 9.4% 29 compared to two weeks earlier, according to data from the Mortgage Bankers Association (MBA). for the week ending Dec. Purchase applications decreased by 5% week over week on an adjusted basis.

Mortgages 443

Mortgages VA loan FHA loan Loans 443

Housing Wire

JULY 18, 2023

mortgage lender, is laying off staffers in its mortgage division this week, a spokesperson confirmed on Tuesday. The announcement follows a decline in its mortgage originations in the first quarter of 2023 – the second-quarter earnings will be released on Wednesday morning. Minneapolis-based U.S. Bank , the fourth-largest U.S.

Banks 370

Banks Mortgages Residential Lending 370

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 469

Mortgages VA loan Finance Loans 469

Housing Wire

FEBRUARY 28, 2024

Higher interest rates in recent weeks have made a dent in housing activity, bringing down mortgage demand. Mortgage applications decreased by 5.6% 23, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. However, mortgage rates above 7% sure don’t help.” the previous week.

Mortgages 435

Mortgages Fixed-rate mortgage Loans Residential 435

Housing Wire

FEBRUARY 14, 2024

Guild Mortgage ’s acquisition of Academy Mortgage Corp. It’s the largest acquisition to date for retail lender Guild, which has closed six deals since 2021, including last year’s purchases of Legacy Mortgage , Cherry Creek Mortgage and First Centennial Mortgage. The combined enterprises would represent 1.3%

Mortgages 417

Mortgages Loan Officer Loans Closing 417

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022. of those with mortgages underwater.” The average U.S.

Equity 509

Equity Residential Mortgages Closing 509

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. Academy has originated $5 billion in mortgage loans over the last 12 months ended in January, per mortgage tech platform Modex.

Mortgages 427

Mortgages Loan Officer Loans Finance 427

Housing Wire

JULY 21, 2022

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% As a result of rising interest rates, the value of mortgage servicing rights continues to grow.

Mortgages 395

Mortgages Marketing Equity Loans 395

Housing Wire

OCTOBER 9, 2020

Supancich brings more than 25 years of experience in the workforce and talent industry to the new position, harnessing her experience to help Home Point become one of the nation’s Top-10 overall mortgage lenders by continuing to enhance its people-focused initiatives.

Residential 395

Residential Property Management Development Land 395

Housing Wire

MARCH 8, 2024

The Desjardins Group , a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones.

Mortgages 445

Mortgages Residential As-is Sales 445

Housing Wire

NOVEMBER 5, 2021

Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4% compared with its pre-COVID pace, while non-residential building remains 4.4% Residential building is up 5.4%

Residential 313

Residential Construction Development Mortgages 313

Housing Wire

JANUARY 17, 2024

Mortgage rates at their lowest level in three weeks led to an increase in borrowers’ demand for home loans last week, spreading some optimism in the industry in the first few weeks of 2024. Overall, mortgage applications rose by 10.4% Overall, mortgage applications rose by 10.4% in the week ending Jan. ”

Mortgages 469

Mortgages Fixed-rate mortgage Loans Residential 469

Housing Wire

APRIL 13, 2022

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Refinance applications fell 5% from the prior week and 62% from the same week a year ago, according to the Mortgage Bankers Association ‘s weekly survey. last week from 38.8%

Mortgages 505

Mortgages Residential Sales Loans 505

Housing Wire

JANUARY 15, 2021

Wells Fargo , the second-biggest mortgage lender in the nation, continued to cede market share to nonbank rivals in the fourth quarter of 2020. billion in mortgages. The bank serviced $856 billion in residential mortgages in the fourth quarter, a drop from the $917 billion in originated in the third quarter.

Mortgages 423

Mortgages Marketing Banks Residential 423

Housing Wire

JULY 13, 2023

AG Mortgage Investment Trust, Inc. for Western Asset Mortgage Capital Corp., AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.

Mortgages 370

Mortgages Residential Property Management Closing 370

Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. HousingWire spoke to a half-dozen industry pros in the primary and secondary markets for their takes on when normalcy might return.

Mortgages 395

Mortgages Marketing Loans Closing 395

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Mortgage rates tend to align with the 10-year U.S. “Mortgage rates should be 5.55%, not 6.5%,” he said.

Mortgages 383

Mortgages Loans Residential Equity 383

Housing Wire

AUGUST 11, 2023

The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround. The percentage of loans on which foreclosure actions were started in the second quarter fell by 3 basis points.

FHA loan 370

FHA loan Mortgages Loans Residential 370

Housing Wire

OCTOBER 3, 2023

New r ez has launched Onward Home Mortgage , a joint venture mortgage company in partnership with Keller Williams Georgia Legacy Group (GLCG). Through the partnership with agents at Keller Williams GLG, mortgage professionals at Onward Home Mortgage and Newrez will target borrowers in the Southeast United States.

Mortgages 417

Mortgages Loan Officer Brokerage Residential 417

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted.

Marketing 427

Marketing Residential Investor New Construction 427

Housing Wire

JULY 18, 2023

Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. ” Regarding mortgage lending, Barnum said it’s a cyclical business and they might pull back even further.

Lending 370

Lending Banks Mortgages Residential 370

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. Last week, the U.S.

Mortgages 383

Mortgages Loans Residential Construction 383

Housing Wire

SEPTEMBER 15, 2023

New York-based multichannel lender US Mortgage Corporation has named Nino Saso as chief production officer. A mortgage industry veteran with over three decades of experience, Saso was previously a divisional sales manager at Nations Lending.

Sales 417

Sales Mortgages Lending Residential 417

Housing Wire

NOVEMBER 30, 2023

The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining affordability prospects will limit what the Bureau can accomplish. House of Representatives Financial Services Committee on Wednesday.

Mortgages 407

Mortgages Lending Loans Equity 407

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Due diligence 406

Due diligence Marketing Mortgages New Construction 406

Housing Wire

SEPTEMBER 6, 2022

Depository bank Citi has trimmed staffing levels in its mortgage business, following surging rates and a reorganization of its operations. . Citi has made a small number of staffing reductions within our mortgage team due to internal streamlining of functions,” a spokesperson said in a statement. compared to the same period in 2021.

Mortgages 383

Mortgages Banks Lending Residential 383