Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Banks 399

Banks Brokerage Mortgages Loans 399

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Is the housing market normalizing?

Mortgages 454

Mortgages Fixed-rate mortgage MLS Staging 454

Housing Wire

SEPTEMBER 30, 2023

Why are mortgage rates rising? The jobless claims data is my key 2023 economic data line for the bond market and mortgage rates because I don’t believe the Fed will pivot until the four-week moving average of jobless claims gets above 323,000. ” My answer: “Stop talking about raising rate at this stage with a hawkish outlook!”

Mortgages 508

Mortgages Land Staging Marketing 508

Housing Wire

JANUARY 26, 2023

The Collections solutions are geared toward helping to prevent foreclosure and late-stage default by making qualified assistance options timelier and more accessible to both homeowners and servicers, Black Knight said on Thursday. “By ICE claims the merger will modernize the mortgage servicing platform and will be beneficial for U.S.

Staging 376

Staging Loans Mortgages Investor 376

Housing Wire

OCTOBER 23, 2023

While the mortgage delinquency rate remains low compared to pre-pandemic levels , the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor report. Meanwhile, early-stage delinquencies (30 and 60 days past due) continued to increase. However, the rate of serious delinquencies remains 6.7%

Mortgages 444

Mortgages Staging Loans Sales 444

Housing Wire

JANUARY 24, 2024

As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. Meanwhile, early-stage delinquencies (30 and 60 days past due) also continued to increase. In December, 105,000 additional borrowers were 30 days or more late on their mortgage payments, amounting to roughly 1.9

Mortgages 407

Mortgages Staging Loans Sales 407

Housing Wire

FEBRUARY 8, 2024

Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA).

Mortgages 407

Mortgages VA loan Loans Staging 407

Housing Wire

FEBRUARY 22, 2024

mortgage holders. The national delinquency rate fell to 3.38% in January, down from 3.57% in December, according to the Intercontinental Exchange (ICE) First Look Mortgage Performance report. Meanwhile, early-stage delinquencies (30 to 60 days past due) decreased month over month but increased year over year.

Mortgages 386

Mortgages Loans Staging Sales 386

Housing Wire

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. But compare mortgage delinquencies over the same period: 2.8% While there was a decrease in the share of mortgages six months or more past due, there was a compensating increase in early-stage delinquencies. The overall U.S.

Mortgages 468

Mortgages Principal Staging Loans 468

Housing Wire

NOVEMBER 14, 2023

Total mortgage delinquencies rose slightly in the third quarter of 2023 as the job market cools and inflation puts more pressure on homeowners. However, delinquency rates are still well below historical averages, according to new data from the Mortgage Bankers Association (MBA).

Mortgages 391

Mortgages Marketing Staging Loans 391

Housing Wire

AUGUST 22, 2023

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association ’s (MBA) monthly loan monitoring survey. Mortgage servicers have provided forbearance to about 7.9 By stage, 36.5% are in a forbearance extension.

Mortgages 363

Mortgages Staging Loans Investor 363

Housing Wire

NOVEMBER 4, 2023

After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. Does this mean we’ve hit the peak in mortgage rates for this economic cycle? When mortgage rates rise and demand decreases, the percentage of homes with price cuts can grow.

Mortgages 491

Mortgages Staging As-is Marketing 491

Housing Wire

OCTOBER 21, 2023

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the last few months. Mortgage rates went from 7.66% to 8.03 % last week to end at 7.97%.

Mortgages 535

Mortgages Staging Sales Marketing 535

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? Also, when mortgage rates rise, the inventory peak happens later in the year. However, when mortgage rates rise and demand gets hit, the price cut percentage data grows year over year. Is the seasonal bottom going to happen later than I want?

Mortgages 513

Mortgages Staging As-is Marketing 513

Housing Wire

JANUARY 10, 2024

HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant. Mansbridge takes a turn at answering some of the biggest questions about retirement.”

Mortgages 409

Mortgages Banks Marketing Staging 409

Housing Wire

AUGUST 22, 2023

I’ve been the chief marketing officer and chief experience officer for companies in the mortgage and real estate space. What are you hoping your time on stage accomplishes? I think that this event is unique in the industry because it brings together mortgage and real estate, which is something that’s core to my background.

Staging 347

Staging Branding Industrial Technology 347

Housing Wire

FEBRUARY 16, 2023

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. For the past 15 years, mortgage delinquencies have tracked very closely with employment conditions, Marina Walsh, MBA’s vice president of industry analysis, noted. by the end of 2023.

Mortgages 413

Mortgages Equity VA loan FHA loan 413

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

Mortgages 395

Mortgages Investor Staging Agents 395

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

JANUARY 22, 2024

Top-35 mortgage lender New American Funding (NAF) is in negotiations to acquire Chicago-based retail shop Draper & Kramer Mortgage Corp. The sources said negotiations are in the late stages and remaining details are expected to be finalized this month. Mortgage tech platform Modex shows $8.2 Draper and Adolph F.

Mortgages 339

Mortgages Loan Officer Residential Loans 339

Housing Wire

JUNE 14, 2022

Mortgage delinquency rates in March fell below the 3% mark , reaching another historic low as a strong labor market and income growth drove down the number of property owners who are late on their mortgage payments. . of all mortgages in the U.S. All 50 states posted annual declines in their overall mortgage delinquency rate.

Mortgages 367

Mortgages Staging Principal Equity 367

Housing Wire

FEBRUARY 15, 2024

Opportunity in the current mortgage market may be challenging to find — and that could arguably be truer for those who offer reverse mortgage products for clients. Still, reverse mortgage professionals are always keeping their eyes peeled, and a group of them shared what they’re looking out for in 2024 for their businesses.

Mortgages 393

Mortgages Banks Equity Land 393

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell.

Mortgages 466

Mortgages Lending Loans Equity 466

Housing Wire

OCTOBER 4, 2021

In several previous articles I have opined that an increase in mortgage rates may be our only hope for slowing the escalation of home prices that we’ve been experiencing for the past year. We need the days on market to grow out of the teenager stage. The post When will mortgage rates get over 4%? Become a member today.

Mortgages 523

Mortgages Days on market Staging Marketing 523

Housing Wire

JULY 17, 2023

The share of mortgage loans in forbearance decreased by five basis points in June 2023 relative to May 2023 to 0.44% from 0.49%, according to the Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey. Since March 2020, mortgage servicers have provided forbearance to approximately 7.9 Recent reporting by the U.S.

Mortgages 361

Mortgages Loans Staging Banks 361

Housing Wire

JULY 17, 2023

The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap.

Mortgages 368

Mortgages Finance Development Staging 368

Housing Wire

FEBRUARY 2, 2024

Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates higher today. At this stage of the economic cycle , the jobless claims data is more key, and right now, that data isn’t flashing red signals yet.

Mortgages 419

Mortgages Staging Marketing As-is 419

Housing Wire

APRIL 17, 2023

As the COVID-19 national emergency draws to a close, the forbearance rate has decreased month over month, according to a report from the Mortgage Bankers Association (MBA) on Monday. of total loans were in the initial plan stage last month and 52.9% The survey showed that 33.8% were in a forbearance extension. The remaining 13.3%

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Closing Mortgages Loans Staging 403

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Mortgages 544

Mortgages Marketing Staging As-is 544

Housing Wire

NOVEMBER 9, 2021

Mortgage delinquency rates hit the lowest level since the beginning of the pandemic in August, according to the most recent CoreLogic Loan Performance Report. In August, 4% of mortgages were delinquent by at least 30 days, including foreclosure, a drop from the 6.6% Early-stage delinquencies (30 to 59 days past due) went from 1.5%

Mortgages 498

Mortgages Equity Loans Staging 498

Housing Wire

AUGUST 4, 2023

Mortgage rates are finally headed lower after a crazy week of jobs data showing that the economy isn’t going into recession. Let’s look at the report’s internals, where we gained and lost jobs, and why mortgage rates fell today. The four-week moving average declined to 228,250 So what does this mean for mortgage rates?

Mortgages 367

Mortgages Staging As-is Closing 367

Housing Wire

MAY 8, 2024

Let’s see how this has played out in different stages of the economy. After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. All of these factors set the stage for what happened next. It comes down to housing credit!

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Staging Loans Mortgages Sales 482

Housing Wire

JANUARY 12, 2023

This should also mean mortgage rates hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. This does mean mortgage rates should be getting better today. Today’s inflation data has shown that the peak growth rate of inflation is behind us. 27 is thinking 12 months out.

Mortgages 529

Mortgages Staging Land As-is 529

Housing Wire

JANUARY 6, 2023

Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. This is why Friday’s data is exciting to see and why the bond market sent mortgage rates to 6.20% and yes — we are back on 5-handle mortgage rate watch. I made a case for lower mortgage rates on Oct. Job report.

Mortgages 545

Mortgages Construction Land Staging 545

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS. in the mortgage lending space. .

Mortgages 390

Mortgages Banks Loans Lending 390

Housing Wire

MARCH 29, 2023

This year, Gathering of Eagles is excited to invite colleagues from the mortgage industry to the real estate-centered event. Mortgage lenders need to strengthen their bonds with real estate agents, and broker-owners must communicate with title professionals. There is no better time than a tough market to come together as a community.

Mortgages 314

Mortgages Title Staging Industrial 314

Housing Wire

JULY 12, 2023

The CPI data released today shows the growth rate of inflation cooling off , and that’s good for mortgage rates. If inflation were running hot like in the 1970s, mortgage rates would have easily gotten to 8%-10% last year. Let’s dig in to where mortgage rates are headed.

Mortgages 370

Mortgages Staging Banks As-is 370