Housing Wire

MARCH 6, 2023

“We’ve seen a consistent theme of potential sellers – many with first-lien rates a full 3 percentage points below today’s offerings – pulling back from putting their homes on the market,” Walden said. of the median household income to make the monthly principal and interest payments on the average home purchase. In 2022, about $2.4

Marketing 397

Marketing Equity Principal Mortgages 397

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said.

Principal 399

Principal MLS Agents Brokerage 399

Housing Wire

OCTOBER 4, 2021

The secondary market for mortgage servicing rights, or MSRs, has been heating up recently as interest rates tick up, increasing the value of MSR assets, and as other revenue streams for lenders begin to slow — such as loan refinancing. The post Market for MSRs revs up as year-end approaches appeared first on HousingWire.

Marketing 367

Marketing Principal Loans Mortgages 367

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. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgages 397

Mortgages Marketing Banks Investor 397

Housing Wire

DECEMBER 3, 2020

Knock ’s Home Swap solution is now available in three new markets in Florida: Homeowners in Miami, Fort Lauderdale and West Palm Beach can buy their next home before selling their current one. Knock entered the Florida market in October. Now, the solution is available in 14 markets in the U.S.,

Marketing 409

Marketing Principal Agents Loans 409

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. Overall, the bulk MSR market should be incredibly robust throughout 2022.”. market share. You just never know.

Marketing 384

Marketing Principal Banks Loans 384

Housing Wire

SEPTEMBER 19, 2022

Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. overall market share in 2021, up from 38.9% The post Top 25 lenders increased market share in 2021: HMDA appeared first on HousingWire. The top 25 lenders grew to 43.9%

Marketing 370

Marketing Loans Principal Mortgages 370

Housing Wire

SEPTEMBER 22, 2023

Christie’s International Real Estate is poised to enter the Austin market this fall as it launches a new affiliate. Romeo Manzanilla, a seasoned Austin brokerage leader, was appointed principal, chief operating officer, and broker of record for the new firm. He still serves as its CEO and principal.

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Brokerage Principal Branding Agents 400

Housing Wire

FEBRUARY 2, 2023

The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio amid a shrinking market in 2022. Looking ahead, Pennymac’s executives expect the market to decline even further this year as overcapacity remains. Despite their efforts, profits still dropped to $475.5 to 2.0%. “The

Marketing 352

Marketing Banks Principal Loans 352

Housing Wire

FEBRUARY 27, 2024

It posted an increase in gains from reverse mortgages while recalculating its valuation methodologies to reflect the realities of the current market. Assessing the market In a question and answer session at the end of the call, corporate leaders were asked about the details of the current state of the reverse mortgage market.

Principal 409

Principal Mortgages Industrial As-is 409

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days.

Marketing 533

Marketing New Construction Construction Principal 533

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 a week earlier.

Marketing 396

Marketing Bankruptcy Loans Principal 396

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. A less volatile market? The consumer-price index rose 8.6% mortgage industry to fund $4.1 trillion in 2023.

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

FEBRUARY 13, 2024

Master-planned communities continue to attract buyers and outperform the overall new home market by offering a lifestyle, which elevates and links a collection of neighborhoods,” Ken Pearlman, managing principal at John Burns Research & Consulting, said in a statement.

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Sales Principal Staging Construction 457

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” They will depress it (the market). ” The current MSR market. “The MSR market softened considerably,” said Carnes. multiple market. ” . “And

Marketing 415

Marketing Lending Loans Principal 415

Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And now we just did over $110 billion for the month of January.”. “The

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

Mortgages 375

Mortgages Marketing Loans Banks 375

Housing Wire

MARCH 6, 2024

to 1,900 loans in February, a drop telegraphed by lagging case numbers and sluggish endorsement activity in January, according to data compiled by Reverse Market Insight (RMI). There may also be some easy, repeatable practices you can take from higher-volume regions that haven’t been fully explored in smaller markets yet.

Mortgages 418

Mortgages Seller concession Principal Loans 418

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

Principal 97

Principal Development Brokerage Residential 97

Housing Wire

SEPTEMBER 17, 2021

On the flip side, events unrelated to the Fed’s activities can also have a tremendous impact on the market. As difficult as it can be to predict market movements, one constant lenders can rely upon is that every market upswing is eventually followed by a downturn.

Marketing 409

Marketing Fixed-rate mortgage Mortgages Principal 409

Housing Wire

MARCH 27, 2024

The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In VA borrowers will be the hardest hit if they have to shoulder buyer-side commissions, said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “VA

VA loan 450

VA loan Loans Principal Mortgages 450

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

Marketing 384

Marketing Banks Mortgages Investor 384

Housing Wire

JULY 20, 2023

The consensus is that the change would primarily affect the shrinking jumbo market (loans greater than $726,200) and hurt regional banks , sources said. According to George, the rule would impact only the jumbo market, a very high credit quality market. That’s 20 basis points higher than the international standard.

Mortgages 366

Mortgages Banks Marketing Residential 366

Housing Wire

MARCH 6, 2024

The California-based lender and servicer promoted Jim Follette to chief digital officer, a new role to pursue opportunities in digital innovations, commercial markets and solutions for homeowners. Hogan joined Pennymac in 2020 and previously served as its managing director of capital markets technology.

Technology 418

Technology Principal Commercial Mortgages 418

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. In its 4th year, 40 honorees were recognized.

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Finance Principal Construction MLS 431

Housing Wire

MARCH 10, 2022

The company’s unpaid principal balance increased 18% last year to $70.9 The liquidity, according to executives, may support mergers and acquisitions, mainly targeting businesses that have a decent market share in their areas, so Guild can keep its focus on building local infrastructure. Guild had $243 million in cash and $1.5

Marketing 408

Marketing Loans Principal Mortgages 408

Housing Wire

MARCH 1, 2024

In the context of the transaction, investors will benefit from a two-year revolving period during which they can reinvest their principal payoffs to purchase additional newly originated loans. The deal drew significant interest from institutional investors and made it Kiavi’s largest securitization since November 2021.

Closing 410

Closing Investor Principal Residential 410

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The loan offering is being marketed with assistance from Citigroup Global Markets Inc. million; and pool 3, $312.9

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

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. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 410

Marketing FHA loan Loans Mortgages 410

Housing Wire

OCTOBER 1, 2021

But for the past 12 months, the metro’s housing market has been in complete chaos. “It The Provo-Orem market is growing at a faster rate per capita than really anywhere else in the state of Utah, including our capital, Salt Lake City.”. above the list price and sat on the market about 11 days before going pending.

Marketing 421

Marketing Land Agents Principal 421

Housing Wire

NOVEMBER 28, 2023

house price growth continued to accelerate in the third quarter, appreciating more than in each of the previous four quarters,” Anju Vajja, principal associate director in FHFA ’s division of research and statistics, said in a statement. Month over month, the FHFA’s seasonally adjusted monthly index ticked up 0.6% in September.

Principal 473

Principal MLS Finance Mortgages 473

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Amid a difficult housing market, transaction sides still increased 6% year over year to 115,424. For the full year of 2023, revenue reached $4.28

Agents 408

Agents Principal Residential Sales 408

Housing Wire

FEBRUARY 8, 2022

The current deal is composed of more than 8,000 mortgages with an aggregate unpaid principal balance of $1.3 The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets , with bids due by March 1, 2022. million in unpaid principal balance; pool 2 is at $622.6

Loans 370

Loans Sales Principal Mortgages 370

Housing Wire

FEBRUARY 9, 2024

Night and day’ difference When posed with the simple question about how business is going so far this year, David Heilman — principal for HomeGrown Financial in Mount Pleasant, South Carolina — characterized the difference between early 2024 business and the same time last year as “night and day.” “I

Mortgages 425

Mortgages Principal Loans Loan Officer 425

Housing Wire

SEPTEMBER 29, 2023

In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306 , according to Black Knight ’s mortgage monitor report. the month prior.

Mortgages 508

Mortgages Principal Brokerage Finance 508

Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A balanced market, Davin said, requires five to six months.

Marketing 466

Marketing Land Principal Sales 466

Housing Wire

APRIL 7, 2022

Fannie Mae is marketing its 25th sale of reperforming loans since its first offering six years ago and its second sale so far in 2022. The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 million in unpaid principal balance; pool 2 is at $514.5 million; and pool 3, $367.4

Loans 370

Loans Sales Due diligence Principal 370