Housing Wire

MAY 15, 2023

mortgage market faced a new “ refinance boom” when mortgage rates declined by nearly 200 basis points between November 2018 and November 2020, following the Federal Reserve rate cuts that were made to remedy the economic impacts of the Covid-19 pandemic. When broken down by investor type, 38% of U.S.

Equity 378

Equity Loans Mortgages Banks 378

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgages 437

Mortgages Loan Officer Loans Banks 437

Housing Wire

OCTOBER 28, 2020

After two weeks of slight declines , mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. With the 30-year fixed rate at MBA’s all-time survey low of 3%, conventional refinances rose 5%. from 66.1% the week prior. from 11.8%.

Fixed-rate mortgage 515

Fixed-rate mortgage Mortgages Loans Industrial 515

Housing Wire

JUNE 13, 2023

Inflation was running over 9% last year and the headline inflation growth rate has cooled off a lot recently. I don’t believe they will, but the growth rate of headline inflation falling is good enough for them to pause rate hikes tomorrow. What does this mean for mortgage rates ?

Banks 492

Banks Mortgages As-is Marketing 492

Housing Wire

OCTOBER 4, 2021

Servicers’ forbearance portfolio volume declined at a faster pace last week, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). In the previous week, the rate dropped four basis points to 2.96%, hitting pre-pandemic levels. Last week, all categories showed declines.

Loans 434

Loans Staging Mortgages Banks 434

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 395

Loan Officer Mortgages Loans Closing costs 395

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. Other indices put mortgage rates even higher. Randy Howell, president of Mortgage Power Inc.

Industrial 383

Industrial Mortgages Fixed-rate mortgage Equity 383

Housing Wire

JULY 27, 2022

In mid-2021, most mortgage companies enjoyed strong origination volume and were hiring additional staff in response. Rates are now reaching almost 6% for a 30-year fixed mortgage , while the Federal Reserve has enacted substantial interest rate hikes and further increases are likely on the horizon.

Mortgages 381

Mortgages Marketing Lending Loan Officer 381

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. Mortgage rate fatigue. To a certain extent, the presumption that the housing market will live or die with rates is misplaced. Who is selling right now? Selective sellers.

Marketing 417

Marketing MLS Mortgages Equity 417

Housing Wire

MAY 20, 2021

April’s 7.08% decline in mortgage delinquencies wasn’t even half of the drop March posted, but it did manage to push the national delinquency rate to below 5% for the first time since the beginning of the pandemic, Black Knight revealed in a new report.

Mortgages 492

Mortgages Loans Agents As-is 492

Housing Wire

JUNE 30, 2022

As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. Despite these challenges, a new report from Fitch Ratings found statutory capital will remain strong for U.S. Presented by: SoftPro.

Title 369

Title Industrial Marketing Commercial 369

Housing Wire

MARCH 14, 2023

However, with the current banking stress news and the emergency action taken by the Fed to secure the banking sector, the question now is what will drive mortgage rates : inflation data, recessionary data, or something else we don’t even see coming? What will drive mortgage rates now?

Mortgages 383

Mortgages Banks Commercial Loans 383

Housing Wire

APRIL 7, 2021

In the most competitive housing markets in the country, virtually every buyer has immaculate credit, a few hundred thousand dollars – or more – for a downpayment and knows what their mortgage options are. LendingTree reviewed more than 750,000 mortgage loan requests that came through its marketplace from March 1 through March 24.

Marketing 437

Marketing Lending Mortgages Closing 437

Housing Wire

JANUARY 11, 2023

And this year’s list will be even more robust as the nomination categories have been separated into both mortgage and real estate to welcome a broader pool of nominees. So what does it take to be among the HW Finance Leaders? Last year’s list was full of massive talent across several sectors of housing.

Finance 397

Finance Banks Brokerage Closing 397

Housing Wire

MARCH 12, 2023

Mortgage rates fell even though the jobs report was stronger than anticipated. The bank failure spooked bond traders who were looking for higher yields and rates. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. 50% rate hike collapsed tonight.

Mortgages 370

Mortgages Marketing Banks As-is 370

Housing Wire

JUNE 1, 2022

And, the top firms grew market share at record rates. The top four — Realogy Brokerage Group , HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S. The RealTrends 500, now in its 35th year, remains the undisputed leader in ranking the performance of residential real estate services firms.

Brokerage 393

Brokerage Residential Title Mortgages 393

Housing Wire

MARCH 21, 2022

Servicers’ forbearance portfolio volume dropped in February for the 21st-consecutive month, with more borrowers current on their mortgage payments due to improvements in the economy and viable loss mitigation options. million loans serviced as of February 28, 73% of the first-mortgage servicing market. The survey included data on 36.4

Loans 370

Loans Staging Equity Mortgages 370

Housing Wire

JULY 12, 2023

Shelter, which is the largest category, also posted a sizable increase, rising 7.8% Despite the positive inflation report, the Fed likely will resume its rate hikes when it meets later this month, remaining committed to raising interest rates until the magical 2% inflation target is met,” said Lisa Sturtevant, chief economist at Bright MLS.

MLS 346

MLS Commercial Construction Mortgages 346

Housing Wire

JANUARY 18, 2022

The total number of loans in forbearance decreased by 26 basis points, to 1.41% in December from 1.67% in November , according to the Mortgage Bankers Association (MBA). The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 51 basis points to 3.43%. The survey included data on 36.5

Loans 407

Loans Staging Mortgages Industrial 407

Housing Wire

MAY 23, 2023

Cohen trailed behind Guaranteed Rate ‘s Shant Banosian , who originated $925 million during the same period. Among mortgage brokers, Cohen ranked first. For the most part, it’s the $3 million and under category. So it opens up a whole new avenue for people who fall within that category. Cohen funded $751.4

Mortgages 376

Mortgages Marketing Loans Banks 376

Housing Wire

OCTOBER 25, 2021

Servicers’ forbearance portfolio volume declined at a reduced pace this week, as mortgage holders continue to exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). . In the previous week , the rate dropped 34 basis points to 2.28%. Last week, all categories showed declines. Per the MBA’s estimate, 1.1

Loans 361

Loans Staging Mortgages Banks 361

Housing Wire

MARCH 22, 2021

With just more than a week away from the one-year anniversary of the CARES Act, new forbearance requests dropped to their lowest level since March of 2020, pushing the total number of loans in forbearance down nine basis points to 5.05% of servicers’ portfolio volume, the Mortgage Bankers Association said on Monday. The MBA now estimates 2.5

Loans 427

Loans Lending Investor Mortgages 427

Housing Wire

APRIL 14, 2023

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. We have $8 trillion [in mortgages] originated between 2020 and 2021, and in 2022, we had like roughly $2 trillion. “So,

Principal 417

Principal Loans Banks Mortgages 417

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. That’s 20 basis points higher than the international standard.

Mortgages 367

Mortgages Banks Marketing Residential 367

Housing Wire

MARCH 29, 2021

forbearance rate is officially below 5% for the first time in a year. Servicers’ forbearance portfolio volume fell nine basis points last week to 4.96%, according to a survey from the Mortgage Bankers Association. Continued downward trends mark a positive sign for the larger economic picture, but the MBA still estimates 2.5

Loans 509

Loans Investor Mortgages As-is 509

Housing Wire

NOVEMBER 9, 2022

If you work in the mortgage industry, the challenges of the current housing market are likely top of mind. Amid rising interest rates and low housing inventory, the industry as a whole is wondering when the light at the end of the tunnel will finally shine through. Strategic mortgage tech investments.

Mortgages 392

Mortgages Industrial Banks Marketing 392

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. The lower comp rate stung. It was late 2022 and Mike was feeling the pressure. After Mike paid his loan officer assistant, he was clearing just 40 bps.

Loan Officer 454

Loan Officer Loans Lending Mortgages 454

Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. but are well-established in Europe. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 396

Fixed-rate mortgage Finance Investor Loans 396

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. The impact of the pandemic and an unprecedented refinance boom followed in short order by the highest interest rates seen in decades cannot be overstated. That tactic won’t succeed today.

Loan Officer 405

Loan Officer Lending Technology Loans 405

Keeping Current Matters

MARCH 3, 2021

However, there’s one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions: Do I think home values will be higher a year from now? Do I think mortgage rates will be higher a year from now?

Equity 288

Equity Mortgages 288

Housing Wire

JUNE 10, 2022

The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.

Investor 481

Investor Mortgages Residential As-is 481

Housing Wire

NOVEMBER 30, 2022

Credit reports are getting a lot pricier, and some mortgage lenders are none too pleased about it. 22, the National Consumer Reporting Agency told its members that the “vast majority” of mortgage lenders would see price increases between 10% and 400% from Fair Isaac Corp. In a letter dated Nov.

Mortgages 395

Mortgages FHA loan Loans Closing costs 395

Housing Wire

APRIL 26, 2021

The total number of servicers’ loans in forbearance has dropped for two months , however, forbearance portfolio volume fell just one basis point last week to an average of 4.49%, according to the Mortgage Bankers Association. Overall, last week saw an increase in the number of forbearance requests while the rate of exits slowed down.

Loans 370

Loans Investor Mortgages As-is 370

Housing Wire

JUNE 22, 2021

The forbearance rate is officially below 4% for the first time in a year. Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. The MBA now estimates 2 million homeowners are still in some form of a forbearance plan.

Short sale 395

Short sale Loans Equity Mortgages 395

Housing Wire

JULY 22, 2022

This week’s HW+ member spotlight features Omar Ennabe, who serves as president at Ennkar , a reverse mortgage lender. Chris Clow helps keep me apprised of what’s going on in my unique niche of the mortgage markets. I start my day with a cup of coffee and Chris Clow’s updates on the reverse mortgage market.

Technology 379

Technology Investor Mortgages As-is 379

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. How could they ever justify walking away from a loan with this low of an interest rate ?

Equity 427

Equity Loans Bankruptcy New Construction 427

Housing Wire

SEPTEMBER 9, 2022

As a financial technologist specializing in mortgage since long before “fintech” was a thing, I appreciate how tough market cycles force us to focus. For some individuals and companies, this is your first mortgage down cycle. Warm spots in the fintech & mortgage winter. trillion in 3Q21 to $954 billion now.

Mortgages 427

Mortgages Industrial Technology Equity 427