Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies.

Mortgages 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

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. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million in unpaid principal balance; pool 2 is at $342.5

Loans 383

Loans Purchase and sale agreement Principal Due diligence 383

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. For 2023, slightly greater than 1.1

Mortgages 436

Mortgages Banks Loans Industrial 436

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” What does it mean for buyers, sellers?

Industrial 394

Industrial Mortgages Purchase and sale agreement Banks 394

Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Most recently, Guild Mortgage expressed interest in acquisitions.

Industrial 374

Industrial Mortgages Principal Loans 374

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1% by the year-end.

Mortgages 417

Mortgages Residential Principal Lending 417

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. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgages 395

Mortgages Marketing Banks Investor 395

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion.

Sales 395

Sales Mortgages Branding Principal 395

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

FHA loan 383

FHA loan Mortgages Loan Officer VA loan 383

Housing Wire

JULY 18, 2023

Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He has a background in managing sales operations and brokering transactions between clients in the U.S. In 2022, he recorded a sales volume of $30 million. and Mexico.

Agents 370

Agents Loan Officer Principal Brokerage 370

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. LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4

Marketing 394

Marketing Bankruptcy Loans Principal 394

Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year.

Investor 379

Investor Loans Mortgages Principal 379

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. They own the home with their name on the title, as with any mortgage, traditional or reverse. But the fact is, most people simply don’t know that a new home can be purchased with a reverse mortgage. What is reverse purchase financing?

Finance 453

Finance Seller concession Loan Officer Loans 453

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ NRIC is the largest nonbank mortgage servicer in the country. The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. MSR values tend to initially increase as mortgage rates rise and borrowers are less likely to refinance.

Residential 358

Residential Principal Loans Mortgages 358

Housing Wire

MARCH 10, 2022

California-based Guild Mortgage can be added to the growing list of lenders with waning profitability. The nonbank mortgage lender increased its total originations in 2021, despite a reduction in the fourth quarter. The company’s unpaid principal balance increased 18% last year to $70.9 of the total.

Marketing 405

Marketing Loans Principal Mortgages 405

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight.

Marketing 412

Marketing Lending Loans Principal 412

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. Morgan Chase ; and Mount Laurel New Jersey-based Freedom Mortgage. Piercy said Incenter earlier in February put out to bid an $11.5

Marketing 382

Marketing Principal Banks Loans 382

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Marketing 417

Marketing Fixed-rate mortgage Loan Officer Pre-approval 417

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. That “trigger” moment finally arrived in January, he added.

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

FEBRUARY 17, 2022

The most recent RMBS Credit Indices report from the Kroll Bond Rating Agency (KBRA) shows that loan pools supporting outstanding private-label residential mortgage-backed securities issuances overall are performing relatively well to date in both the prime and nonprime markets. billion and 134 nonprime transactions valued at $22.9

Marketing 369

Marketing Staging Loans Principal 369

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 304

Marketing Loan Officer Mortgages Lending 304

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. Outright sales of 2% and 2.5%

Marketing 382

Marketing Banks Mortgages Investor 382

Marco Santarelli

MARCH 20, 2024

economy, where inflation remains a prevailing concern, the trajectory of mortgage rates plays a pivotal role in shaping the housing market. Despite the robustness of the economy, the specter of inflation looms large, potentially extending the duration of higher mortgage rates. Total home sales for January reached 4.66

Mortgages 52

Mortgages Marketing Lending Loan Officer 52

Housing Wire

MARCH 17, 2022

Into March of this year, according to multiple market experts, the nonagency secondary market has been digesting a large backlog of mortgage collateral that was locked and originated last year during a much lower-rate environment than exists today. Pelka agrees that the PLS market is under pressure. “In

Loans 350

Loans Marketing Due diligence Residential 350

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. As of the start of this year, Wells Fargo’s all-agency MSR portfolio included some $608 billion in loans serviced based the unpaid principal balance, or 7.3%

Banks 377

Banks Loans Mortgages Sales 377

Housing Wire

FEBRUARY 28, 2023

The Detroit-headquartered lender suffered a $197 million non-GAAP net income loss in the fourth quarter, on the back of a $166 million loss in the third quarter, when the company also lost the title as America’s largest mortgage originator. The unpaid principal balance in its servicing book rose to $535 billion as of Dec.

Mortgages 370

Mortgages Principal Title As-is 370

Keeping Current Matters

JANUARY 13, 2021

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. First, the homeowner suffers an adverse economic shock…leading to the homeowner becoming delinquent on their mortgage.

Equity 244

Equity Short sale Principal Loans 244

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 That’s a strong start for a new issuer. “A

Marketing 368

Marketing Debt-to-income ratio Loans Mortgages 368

Housing Wire

FEBRUARY 8, 2022

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. The option is limited to purchase transactions, secured by a one-unit principal residence with a loan-to-value ratio of no more than 90%.

Loans 370

Loans Principal Mortgages Industrial 370

Realty Biz

FEBRUARY 6, 2023

Commercial mortgage-backed securities (also known as CMBS) are a type of fixed-income security forming 2% of the fixed-income market. These are financial investment products on commercial properties, as opposed to residential realty. These are then divided into tranches known as segments.

Commercial 82

Commercial Principal Investor Banks 82

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? What is a vendor take-back mortgage? I’m not entirely sure.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals.

Agents 405

Agents Construction Design Branding 405

Broke Agent Media

MAY 19, 2023

Industry stakeholders, including Mortgage Brokers Association (MBA) and NAR, were quick to voice concerns about the new fees. economy, rising inflation, increasing mortgage rates, and lack of affordable inventory continue to devastate buyer confidence. home purchase mortgage applications dropped to a 28-year-low as rates jumped.

Mortgages 75

Mortgages Principal Finance Commercial 75

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. Making the Transition From Residential Agent to Commercial Agent. How Much Does Getting Your CCIM Cost in 2020? 4 Steps to Getting Your CCIM in 2020.

Residential 102

Residential Design Agents Commercial 102

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. By Shaila Wunderlich. Deal breakers for agents.

Short sale 52

Short sale Sales Banks Principal 52

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgages 446

Mortgages Loan Officer Loans Equity 446