Housing Wire

APRIL 13, 2023

The Federal Housing Administration (FHA) published a new draft version of a Mortgagee Letter (ML) on Thursday that would update the mortgage insurance requirements on single-family homes with accessory dwelling units (ADU). FHA’s action today advances the goals of the Biden-Harris Administration’s Housing Supply Action Plan.”

Finance 377

Finance Homeowner’s association Construction Loans 377

Housing Wire

JANUARY 17, 2024

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose seven points month-over-month to a reading of 44 in January. The report attributes this sharp increase in builder confidence to mortgage rates remaining under 7% for the past month.

Sales 412

Sales Mortgages Marketing Industrial 412

Housing Wire

OCTOBER 14, 2022

Mortgage professionals are no exception – whether you find yourself tweeting for work or in your free time, you may also want to follow accounts for people and organizations that are relevant to the industry in order to stay up-to-date on the latest news about the housing market. economy and specializes in the housing market.

Marketing 449

Marketing Finance Industrial Mortgages 449

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 400

Lending Mortgages VA loan Finance 400

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Mortgages 545

Mortgages Land Construction Sales 545

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

Equity 420

Equity Loans Bankruptcy New Construction 420

Housing Wire

APRIL 20, 2023

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. For the first time in over a month, mortgage rates moved up due to shifting market expectations,” Sam Khater , Freddie Mac ’s chief economist, said in a statement. in the first week of April to 3.6%

Mortgages 383

Mortgages Banks Loans Investor 383

Housing Wire

NOVEMBER 11, 2021

Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH. How Freddie Mac is addressing affordable housing challenges.

Loans 442

Loans Title Finance Lending 442

Housing Wire

NOVEMBER 2, 2022

The National Association of Mortgage Brokers ( NAMB ), a trade association representing mortgage professionals and homebuyers since its establishment in 1973, announced its agenda for 2023 at it NAMB National conference. How lenders can break through a siloed mortgage ecosystem. the newly appointed board president of NAMB.

Title 371

Title Lending Mortgages Technology 371

Housing Wire

MAY 15, 2023

The Federal Housing Finance Agency (FHFA) announced on Monday it issued a request for input (RFI) regarding government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac ’s single-family pricing framework. The FHFA began using the ERCF to measure the profitability of new mortgage acquisitions in 2022.

Finance 339

Finance Mortgages Loans As-is 339

Housing Wire

JULY 27, 2023

Housing activity, however, will be limited as the impact of tighter policy continues to reverberate through the economy, housing experts and economists projected following the Fed’s decision to raise interest rates by 25 basis points on Wednesday. Though housing starts boomed in May and fell slightly to a seasonally adjusted 1.43

Construction 361

Construction Mortgages Sales Banks 361

Housing Wire

JUNE 4, 2021

Let’s be honest – affording a home isn’t always easy. In this market where homes are selling like hot potatoes, it might seem like everyone can afford to buy a house, but that’s not true. Even with today’s low interest rates, affording a home can be a challenge. How much house can you afford to buy?

Debt-to-income ratio 442

Debt-to-income ratio FHA loan Loans Land 442

Housing Wire

OCTOBER 18, 2021

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. Treasuries and mortgage-backed debt.

Purchase and sale agreement 528

Purchase and sale agreement Construction Agents As-is 528

Housing Wire

JANUARY 18, 2023

After a year of declines, homebuilder sentiment started off 2023 with a modest uptick, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. The NAHB attributes the increase to the slight decrease in mortgage rates at the end of last year. million units.”.

Mortgages 385

Mortgages Sales As-is Industrial 385

Housing Wire

FEBRUARY 24, 2021

The state of the market means increased competition among homebuilders, who are grappling with how to keep prices affordable as their own costs rise. Sales of new single-family houses in January were at a seasonally adjusted annual rate of 923,000 — 4.3% Census Bureau and the Department of Housing and Urban Development.

Marketing 475

Marketing Development Sales Mortgages 475

Housing Wire

SEPTEMBER 2, 2022

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. In 1960, a 27-point gap existed between Black and white homeownership.

Closing 420

Closing Marketing Investor Banks 420

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. More housing supply is good news for future shelter inflation readings in the market.

Sales 338

Sales Construction New Construction Finance 338

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Source: AEI Housing Center, www.AEI.org/housing.

Debt-to-income ratio 386

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 386

Housing Wire

FEBRUARY 6, 2023

The Mortgage Bankers Association (MBA) urged the Federal Housing Finance Agency (FHFA) to remove the addition of a debt-to-income loan level pricing adjustment (LLPA) in Fannie Mae and Freddie Mac ‘s pricing framework. This particular LLPA has caused upset in the mortgage industry.

Loans 370

Loans Mortgages Finance Closing 370

Housing Wire

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In January, the survey had 107 respondents.

Mortgages 387

Mortgages Construction Sales Marketing 387

Housing Wire

MARCH 22, 2023

Tom Kriby: Higher interest rates and inflation have exasperated the home affordability issue. An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. Closings can be stressful.

Debt-to-income ratio 371

Debt-to-income ratio Closing Loans Closing costs 371

Housing Wire

MARCH 15, 2023

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Construction 355

Construction Banks Loans Land 355

Housing Wire

MAY 19, 2023

Residents in the state of Rhode Island could soon have an easier time constructing accessory dwelling units (ADUs) on their properties, as a bill prioritized by the state’s House Speaker Rep. Joe Shekarchi and sponsored by AARP passed the Rhode Island House of Representatives earlier this week. Another Republican legislator, Rep.

Construction 304

Construction Development Finance Mortgages 304

Housing Wire

JULY 27, 2023

If implemented, the changes will affect the mortgage industry–and trade groups are already coming out in opposition to the new regulation. ” The changes would boost capital requirements for large banks’ residential mortgage portfolios compared to international standards. said risk sensitivity is a “double-edged sword.”

Banks 355

Banks Lending Mortgages Equity 355

Housing Wire

OCTOBER 18, 2022

Homebuilder confidence continued its downward spiral in October, hitting its lowest level since August 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. The post Homebuilders say housing starts will fall even further in 2023 appeared first on HousingWire.

Construction 399

Construction Sales Marketing As-is 399

Keeping Current Matters

AUGUST 11, 2021

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. Is it less expensive to buy a house today than it was in 2005? Another key factor is the mortgage rate at the time of purchase. What about 1995?

Principal 228

Principal Short sale Mortgages Sales 228

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Overall, annual mortgage origination levels are expected to be $2.8

Marketing 393

Marketing Residential Construction Mortgages 393

Housing Wire

JANUARY 8, 2021

Understanding what expenses are required at closing to buy a house will help you budget and save more effectively. Mortgage Broker Fee . Closing costs include a commission fee that brokers charge at the end, of the mortgage process, which is why homeowners are encouraged to shop around for the right mortgage broker.

Closing costs 525

Closing costs Closing Title search Title 525

Keeping Current Matters

FEBRUARY 11, 2021

In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23% lower than the typical payment of 20 years ago. It’s true that incomes haven’t kept up with the price of houses. Bottom Line.

Short sale 254

Short sale Mortgages Sales As-is 254

Marco Santarelli

MAY 16, 2024

Not too long ago, mortgage rates were comfortably below the desirable 6% mark. ® and the National Association of Realtors® brings encouraging news for aspiring homeowners, especially those considering specific housing markets across the country. Lower mortgage rates are universally beneficial. The good news? The good news?

Mortgages 105

Mortgages Marketing Industrial Sales 105

Keeping Current Matters

AUGUST 26, 2021

However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. So why is there so much talk about challenges regarding affordability?

Equity 253

Equity Principal Mortgages Marketing 253

Keeping Current Matters

OCTOBER 21, 2021

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. of the median household income to make the monthly mortgage payment on the average home purchase, the least affordable housing has been since 30-year rates rose to nearly 5% back in late 2018.”.

Fixed-rate mortgage 220

Fixed-rate mortgage Mortgages Technology Industrial 220

Marco Santarelli

MAY 4, 2024

The burning question for many aspiring homeowners in 2024 is: when will houses become affordable again? The housing market is a complex beast, influenced by a mix of factors including: Inventory: Low supply and high demand have been the norm for several years, driving prices up. The answer, unfortunately, isn't a simple one.

Marketing 101

Marketing Construction Mortgages Land 101

Marco Santarelli

APRIL 24, 2024

Homebuyers hoping for a dramatic drop in housing prices might be disappointed by recent data. While mortgage demand has indeed been on a downward slope, a housing market crash seems like a distant prospect at this point. Let's dissect the current situation in the housing market and what it means for aspiring homeowners.

Mortgages 105

Mortgages Fixed-rate mortgage Marketing Loans 105

HomeLight

JANUARY 30, 2024

You’re considering a move to Vermont, and your first thought is, “Can I afford it?” In this guide, we break down what makes up the cost of living in Vermont, from housing expenses to food and healthcare costs. Housing: 131.40 Housing: 131.40 Utilities: 120.80 Transportation: 115.60 Health: 106.20 Miscellaneous: 106.10

Home sale contingency 100

Home sale contingency Closing costs Technology Sales 100

Broke Agent Media

APRIL 11, 2023

The new filter uses up-to-date information on mortgage rates and housing prices to calculate monthly housing costs and suggest affordable options. Buyers can start the process by using Zillow’s affordability calculator to determine the monthly payment they can afford.

Principal 98

Principal Mortgages Finance Loans 98

HomeLight

JANUARY 30, 2024

This guide will explore the cost of living in New Mexico, from housing expenses to food and healthcare costs. But the core living expenses you’ll pay for typically include the following categories: Housing (rent/mortgage) Energy (utilities) Food (groceries) Transportation (vehicles or transit systems) Healthcare (doctors, hospitals, etc.)

Home sale contingency 105

Home sale contingency Closing costs Technology Sales 105