Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. The forthcoming jobs report from the U.S. Polly ’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center.

Mortgages 454

Mortgages Loans Investor As-is 454

Housing Wire

MARCH 8, 2024

The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Job openings were essentially unchanged at 8.9

MLS 446

MLS Construction Mortgages Sales 446

Housing Wire

FEBRUARY 2, 2024

This month’s surprisingly strong employment report will likely delay any interest rate cuts by the Fed and push them back to May, according to economists. Strong consumer demand and pandemic-induced savings had been helping the labor market weather higher rates.

MLS 413

MLS Mortgages Industrial Marketing 413

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. of banks reported weaker demand for HELOCs. There’s some optimism, however. A 50%-plus net share of all U.S.

Residential 475

Residential Lending Banks Mortgages 475

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. Anywhere Brands and Anywhere Advisors each reported a 5% increase in their average home sale price, inching up to $460,438 and $692,791, respectively. It generated $1.3

Marketing 404

Marketing Branding Brokerage Sales 404

Housing Wire

JANUARY 6, 2023

Friday’s job report shows there is a clear pathway to get there. Bond yields fell after the report since wage inflation is cooling down, a key for the Federal Reserve ‘s strategy. Job report. Bureau of Labor Statistics reported today. Can we have a soft landing in the economy? We ended 2022 on a solid note as 4.5

Mortgages 545

Mortgages Construction Land Staging 545

Housing Wire

MAY 10, 2023

But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown. From the CPI report : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 Bureau of Labor Statistics reported today. After the report, what did the 10-year yield do?

Mortgages 534

Mortgages Banks As-is Marketing 534

Housing Wire

NOVEMBER 10, 2023

Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning. billion, firm executives noted that it was in line with historical levels reported in 2018 and 2019. Overall, Fidelity reported a 13.3%

Title 406

Title Investor Commercial Mortgages 406

Housing Wire

NOVEMBER 21, 2023

This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus. For the past two years since the law went into effect, residents of these housing developments have had the opportunity to opt into rent reporting annually.

Development 436

Development Mortgages Equity Loans 436

Housing Wire

FEBRUARY 9, 2024

In Green Bay, Wisconsin, Jim Cullen of University Bank reports a similar trend. Roughly 2,000 miles from Tampa in the Denver area, Bruce Simmons of American Liberty Mortgage reports that things are off to a “steady” start in 2024. “As The year’s off to a good start,” he said. “I My outlook is very positive.

Mortgages 426

Mortgages Principal Loans Loan Officer 426

Housing Wire

OCTOBER 3, 2023

Los Angeles-based rental management software provider RentSpree has launched a reporting feature called Credit Builder, which will facilitate reporting online rent payments to the credit bureaus. In June 2022 , Freddie Mac authorized on-time rental payments to be included in its underwriting system.

Loans 406

Loans Development As-is Technology 406

Housing Wire

NOVEMBER 7, 2023

of banks reported to have tightened standards on government residential mortgages, the report showed. of banks reported weaker demand for HELOCs as interest rates remain at a 22-year high in a range of 5.25% and 5.5%. The tightening came amid elevated interest rates and uncertainty in economic conditions.

Lending 472

Lending Banks Mortgages Loan Officer 472

Housing Wire

SEPTEMBER 22, 2023

The Consumer Financial Protection Bureau (CFPB) this week announced that it intends to remove medical bills from the credit reports of U.S. Major credit reporting agencies have already announced that they will remove reporting of medical bills, at least partially, from credit reports.

Loans 446

Loans Design As-is Mortgages 446

Housing Wire

FEBRUARY 7, 2024

According to a Bloomberg report, the bank has already started to offer its mortgage assets to investors in order to transfer the portfolio risks. Bloomberg, citing anonymous sources, reported that NYCB has contacted investors to finance a large portfolio of residential mortgages held by Flagstar Bank. 30 to $4.20

Mortgages 432

Mortgages Banks Marketing Commercial 432

Housing Wire

FEBRUARY 6, 2024

There has been much back and forth in the industry about reporting for short-term rentals — who should complete the report and what form should be used? Previously, the only way to create a robust report truly reflective of the potential of a short-term rental was to have a certified general appraiser complete a narrative report.

Commercial 431

Commercial Lending MLS Inspection 431

Housing Wire

APRIL 5, 2024

Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As The number of unemployed Americans also didn’t change much at 6.4

Industrial 338

Industrial Mortgages Construction MLS 338

Housing Wire

DECEMBER 8, 2023

Interest rates jumped in response to this report, as job market strength may be enough to keep the Fed cautious with respect to any comments regarding the path for rates at their December meeting,” Fratantoni said in a statement. Inflation is declining, but further declines are likely dependent upon some slowing in the job market.

Land 405

Land Investor Mortgages Marketing 405

Housing Wire

MARCH 12, 2024

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Similar to other major lenders, the purchase-focused Guild — which operates via a distributed retail model — reported a net loss of $39.1 million in 2022.

Marketing 417

Marketing Mortgages Loans Finance 417

Housing Wire

SEPTEMBER 1, 2023

Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software , per filings with the Attorney General in California.

Principal 391

Principal Loans Mortgages Finance 391

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few.

Brokerage 444

Brokerage Construction MLS Land 444

Housing Wire

OCTOBER 27, 2023

Nonbank financial institutions, including mortgage brokers , motor vehicle dealers and payday lenders , must report certain data breaches and other security events to the Federal Trade Commission (FTC).

Mortgages 409

Mortgages Industrial As-is Finance 409

Housing Wire

JANUARY 18, 2024

of transactions having issues that led to a risk of wire and title fraud, according to FundingShield ‘s quarterly report. billion from victims in 2022, a 47% increase since 2020, according to a 2022 FBI Internet Crime report. Wire and title fraud risk reached an all all-time high in Q4 2023 with 51.8%

Title 437

Title Banks Loans Closing 437

Housing Wire

JULY 31, 2022

The post eClosing Solutions Special Report appeared first on HousingWire. Black Knight. The Closing Exchange. Docutech, a First American company. ICE Mortgage Technology. Wolters Kluwer.

Loans 369

Loans Technology Closing Mortgages 369

Housing Wire

JUNE 30, 2022

The post Wholesale Lenders Special Report appeared first on HousingWire. The four companies featured in this section work to empower brokers through this changing market environment while offering products and solutions for every borrower’s needs. Champions Funding. Flagstar Bank. Deephaven Mortgage. United Wholesale Mortgage.

Lending 366

Lending Banks Mortgages Marketing 366

Housing Wire

JULY 6, 2023

The Consumer Financial Protection Bureau (CFPB) released its 2022 Fair Lending Annual Report to Congress last week, which illustrates how it took aim last year at redlining and appraisal discrimination in pursuit of its enforcement and supervision, guidance and rulemaking, interagency coordination, and outreach and education missions.

Lending 381

Lending Technology Loans Mortgages 381

Housing Wire

JUNE 2, 2023

The Federal Reserve already had some tough decisions to make at its meeting later this month and the May jobs report is not making things any easier. The Wall Street Journal, citing sources, reported Thursday that the Fed is increasingly likey to pause rate hikes at its June meeting. But that was before the jobs report came out.

Construction 383

Construction MLS Mortgages Loans 383

Housing Wire

MARCH 31, 2022

The post Title solutions special reports appeared first on HousingWire. The two companies featured in this section offer solutions to reduce application-to-close times and friction as well as increase transparency in the title process.

Title 371

Title Closing As-is Marketing 371

Housing Wire

JULY 17, 2023

This is according to a report published late last month by the Urban Institute , funded by the Federal Home Loan Bank of San Francisco. Borrowers who have more liquid assets to fall back on are better able to sustain homeownership when they face temporary financial setbacks,” the report said.

Mortgages 370

Mortgages Finance Development Staging 370

Housing Wire

NOVEMBER 3, 2023

The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for entities including mortgage companies. By 2007, this share had declined to just 28%.

Lending 405

Lending Banks Mortgages Loans 405

Housing Wire

AUGUST 5, 2022

Well, I was off by two months: Today, the BLS reported that 528,000 jobs were created with positive revisions of 28,000, which gave us just enough to pass the February 2020 levels. Bureau of Labor Statistics reported today. The unemployment rate did tick up for those with less than a high school diploma in this report.

Staging 545

Staging Development Sales As-is 545

Housing Wire

JULY 8, 2022

What does it mean to get a positive job report with all the talk about a recession, which ramped up starting in January 2022? We did have 74,000 negative revisions to the previous reports, however, the internals of this jobs report is the most interesting aspect. Bureau of Labor Statistics reported today.

Construction 518

Construction Staging Sales As-is 518

Housing Wire

AUGUST 2, 2021

The post eClosing special reports appeared first on HousingWire. The seven companies featured in this section offer platforms that enable lenders to connect with all parties involved in the mortgage transaction process, 100% online, to ensure loans stay in compliance and transparency is maintained between all stakeholders.

Technology 383

Technology Loans Industrial Mortgages 383

Housing Wire

MAY 4, 2023

During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior. Fidelity’s title segment reported revenue of $1.6 billion for the quarter, down from $2.4

Title 383

Title Commercial Land Residential 383

Housing Wire

OCTOBER 3, 2022

The post Origination Platforms and Solutions Special Report appeared first on HousingWire. The three companies featured in this section offer innovative solutions so lenders can provide a better customer experience and increase their profit margins. Black Knight. ICE Mortgage Technology.

Technology 353

Technology Lending Mortgages Loans 353

Housing Wire

APRIL 24, 2024

Few cities have benefited as much from the recent trend of Americans increasingly moving south as Dallas. The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people , according to the U.S. Census Bureau.

Brokerage 396

Brokerage Marketing MLS Mortgages 396

Housing Wire

JULY 1, 2022

Banks reported an increase in foreclosures during the first quarter of 2022, according to a quarterly survey published by the Office of the Comptroller of Currency this week. The seven banks surveyed reported a total of 42,427 modifications completed, a 10.7% Banks surveyed reported servicing approximately 12.2 compared to 94.2%

Banks 383

Banks Mortgages Principal Short sale 383