Housing Wire

JANUARY 10, 2025

Todays jobs report beat expectations, and in fact, the labor data was solid for jobs week, which means mortgage rates will stay elevated because its always about labor over inflation when talking about rates. So, what does this mean for mortgage rates? Today’s mortgage pricing is 7.24% and the 10 year yield is at 4.76%.

Mortgages 466

Mortgages Residential Construction As-is 466

Housing Wire

MARCH 7, 2025

This gives us a glimpse of what may happen over the next 10 months for mortgage rates, especially since, since Jan. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed. This leads us back to the private sector and residential construction jobs.

Mortgages 352

Mortgages Marketing Residential Construction 352

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule will implement a congressional mandate to establish consumer protections for residential PACE loans.

Loans 378

Loans Mortgages Finance Lending 378

Housing Wire

MAY 29, 2025

The answer lies in a remote corner of the mortgage industry: subservicing. This business which involves handling mortgage payments, borrower communication and escrow administration on behalf of lenders has undergone consolidation. Indeed, the total residential subservicing market declined to $3.96 trillion as of Dec.

Mortgages 339

Mortgages Loans Banks Industrial 339

Housing Wire

JUNE 12, 2025

Ohio-based digital mortgage lender Lower and Residential Wholesale Mortgage (RWM) have moved to settle a poaching lawsuit filed earlier this year in federal court in Texas. National Mortgage News reported that two of Lower’s former employees are still employed with RWM, per the Nationwide Multistate Licensing System.

Residential 288

Residential Mortgages 288

Housing Wire

DECEMBER 23, 2024

When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise. As mortgage rates keep increasing along with supply, this doesnt bode well for housing starts growing meaningfully. Is 2025 the first year we start losing residential construction jobs?

Residential 520

Residential Construction Sales Mortgages 520

Housing Wire

MAY 2, 2025

Mortgage rates went up a tad today, but the spreads improved, which was a positive. This report shows a loss of manufacturing jobs, and although construction jobs increased, residential construction labor slightly declined. Fortunately, mortgage rates have remained below 7.25% this year, which has helped mitigate potential challenges.

Mortgages 350

Mortgages Construction Residential As-is 350

Housing Wire

JANUARY 22, 2025

Mykhailyna, who is based in Denver, had previously held both a Colorado certified residential appraiser license and a controlling appraiser license. and Rocket Mortgage of discrimination under the Fair Housing Act. In addition to the revocation of his license, Mykhailyna must pay a total fine of $97,500.

Mortgages 397

Mortgages Residential Development 397

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects.

Construction 496

Construction Residential Sales Mortgages 496

Housing Wire

MARCH 28, 2025

The bill introduces a new section called Consumer Privacy in Mortgage Applications to the Idaho Residential Mortgage Practices Act. The new provisions, which take effect July 1, regulate the use of consumer information linked to mortgage credit inquiries and define who has access to it.

Mortgages 352

Mortgages Residential Banks As-is 352

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. These strong fund flows are resulting in tighter credit spreads, higher prices, and an increased focus on sourcing new originations.

Residential 466

Residential Equity Mortgages Purchase and sale agreement 466

Housing Wire

FEBRUARY 7, 2025

The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. This is the reason mortgage rates are around 7% and not around 6% today.

Mortgages 409

Mortgages Marketing Residential Construction 409

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 479

Residential Lending Banks Mortgages 479

Housing Wire

MARCH 13, 2025

Mortgage applications for new-home purchases fell 6.9% year over year in February, according to data from the Mortgage Bankers Association (MBA)’s Builder Application Survey that was released Thursday. Census Bureau ‘s new residential sales report hit a seasonally adjusted annual rate of 634,000 units in February, up 2.9%

FHA loan 351

FHA loan VA loan Mortgages Loans 351

Housing Wire

JULY 10, 2024

Highlands Residential Mortgage announced that Dan Carson recently joined the company as a senior vice president and area manager of its Park Cities branch in Dallas. Carson has spent more than a decade in the mortgage industry, having previously served in leadership positions for OriginPoint , Willow Bend Mortgage Co.

Residential 398

Residential Mortgages Banks Industrial 398

Housing Wire

JANUARY 7, 2025

The new year has arrived, but little has changed regarding the direction of mortgage rates and their impact on the U.S. At HousingWire s Mortgage Rates Center on Tuesday, the 30-year fixed rate averaged 7.09%. “If mortgage spreads had been as unfavorable as they were in 2023, mortgage rates would be around 8% instead of near 7%.”

Mortgages 386

Mortgages Marketing Sales Residential 386

Housing Wire

JANUARY 21, 2025

After years of high interest rates, and price spikes, mortgage lenders are optimistic heading into 2025. Fannie Mae predicts a 28% increase in mortgage originations to $2.1 The Mortgage Bankers Association (MBA) also predicts that total origination volume will increase by 28.5%

Mortgages 367

Mortgages Investor Loans Principal 367

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages 371

Mortgages Technology Loan Officer Loans 371

Housing Wire

JANUARY 17, 2025

In a changing real estate market , mortgage lenders face increasing demand. If high mortgage rates and increased liquidity management arent challenging, then regulatory changes, operation inefficiencies, and economic uncertainty are enough. Fortunately, SitusAMC can handle that, letting mortgage originators focus on their goals.

Marketing 356

Marketing Residential Commercial Loans 356

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. Last week, our first class was led by Jen Peachman from GVC Mortgage. 15 and goes until the end of April, Hoffman told HousingWire. Lectures are done by MBA members.

Banks 370

Banks Mortgages Lending Residential 370

Housing Wire

JANUARY 27, 2025

Without more clarity on mortgage rates , substantial growth in housing permits is unlikely. We are maintaining a steady level, with the best results appearing when mortgage rates approach 6%. If you’re wondering why construction labor might be at risk in 2025, supply is piling up and mortgage rates are still above 7%.

Sales 447

Sales Construction Mortgages Residential 447

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month.

Lending 421

Lending Loan Officer Banks Loans 421

Housing Wire

FEBRUARY 25, 2025

Fannie Mae on Tuesday announced the results of its 2024Servicer Total Achievement and Rewards(STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.” Guild Mortgage Co. PHH Mortgage Corp. Dovenmuehle Mortgage Inc. Freedom Mortgage Corp. BOK Financial Corp.

Mortgages 243

Mortgages Banks Lending Residential 243

Housing Wire

MARCH 17, 2025

A bill being deliberated in the Washington State Senate regarding a foreclosure mediation program would except reverse mortgage borrowers over the age of 61. This is according to a comment letter submitted by NRMLA to the sponsoring lawmakers and language in the proposed bill, as reviewed by HousingWire s Reverse Mortgage Daily (RMD).

Mortgages 343

Mortgages Loans Equity Residential 343

Housing Wire

MARCH 20, 2025

on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. A press release from Blue Ridge confirmed that the division, currently operating as Monarch Mortgage , is being sold to an unrelated third-party mortgage company.

Banks 264

Banks Purchase and sale agreement Mortgages Residential 264

Housing Wire

JANUARY 10, 2025

Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. This will push mortgage rates higher in the near term, Fratantoni said. The construction sector showed little month-over-month change, adding just 8,000 jobs.

Residential 381

Residential Construction MLS Mortgages 381

Housing Wire

MAY 20, 2025

The government-sponsored enterprises (GSEs) have been under the conservatorship of the federal government since the 2008 financial crisis, and for some time now many in the mortgage industry have thought this should end. But what is the goal of ending the conservatorships for Fannie Mae and Freddie Mac ? Treasury securities.

Investor 416

Investor Mortgages Residential Finance 416

Housing Wire

OCTOBER 24, 2024

The big publicly traded builders have money to pay down mortgage rates and manage their pipelines better than smaller homebuilders. We had no growth in residential construction work hiring earlier in the year when rates were higher. We had no growth in residential construction work hiring earlier in the year when rates were higher.

Sales 466

Sales Construction Mortgages Residential 466

Housing Wire

NOVEMBER 15, 2024

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. That’s right, there are Black Friday home sales! Several areas, including Central Ohio, Greater Austin, Texas, and Charlotte, N.C.,

Fixed-rate mortgage 397

Fixed-rate mortgage Closing costs Residential Finance 397

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. in Q1 2022, when investors were taking advantage of low mortgage rates. As the U.S. Investors purchased $38.8 billion worth of properties in Q3 2024, up 3.4%

Investor 465

Investor Residential Brokerage Mortgages 465

Housing Wire

JANUARY 8, 2025

At HousingWire s Mortgage Rates Center on Wednesday, the 30-year fixed rate averaged 7.11%, clouding the housing market outlook for 2025. CoreVest was acquired by Redwood in 2019 and is the REITs business-purpose lending division that specializes in loans for residential investment properties.

Equity 408

Equity Loans Lending Branding 408

Housing Wire

MARCH 18, 2025

However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. For those looking for recession signals , a decrease in the number of residential construction workers is usually an early sign. Why haven’t the homebuilders started doing layoffs?

Construction 351

Construction Residential Sales New Construction 351

Housing Wire

APRIL 15, 2025

Per a release from Friday Harbor, the seed round will support the growth of its engineering team and support integrations with leading mortgage LOS and point-of-sale platforms Friday Harbor was co-founded by Theo Ellis (CEO) and Jesse Collins (CTO) and launched in 2024 with support from the AI2 Incubator and CoFound Partners. .

Mortgages 248

Mortgages Lending Technology Residential 248

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. In March, its venture capital arm was part of a $30 million funding round to mortgage verifications provider Argyle.

Residential 409

Residential Lending Finance Investor 409

Housing Wire

DECEMBER 30, 2024

New relationships are forming between insurers seeking long-term debt investments and managers specializing in origination, securitization, and sale of mortgage -backed securities. Historically, life insurance companies shied away from investing in residential mortgages. mortgages in 2020 to 5% in 2024 (Scotsman Guide).

Banks 384

Banks Due diligence Residential Investor 384

Housing Wire

APRIL 18, 2025

The Mortgage Bankers Association ‘s (MBA) Builder Application Survey (BAS) data for March 2025 revealed that mortgage applications for new home purchases increased 5.5% Census Bureaus New Residential Sales report, were running at a seasonally adjusted annual rate of 629,000 units in March 2025. compared to a year ago.

VA loan 199

VA loan FHA loan Mortgages Loans 199

Housing Wire

MAY 15, 2025

In an era of high mortgage rates and stagnant home sales , a real estate transaction model is making waves by reintroducing and standardizing a once-popular financing method. Seller financing spans residential, commercial and land transactions, with residential making up 63% of all deals over the past three years, Note Investor reported.

Finance 370

Finance Lending Bankruptcy Residential 370