Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. economy through full employment, stable prices and moderate long-term interest rates.

Fixed-rate mortgage 441

Fixed-rate mortgage Agents Marketing Lending 441

Housing Wire

FEBRUARY 6, 2024

These include those who have some kind of urgent need, likely stemming from a recent medical issue or injury; those suffering from a cognitive or neurodegenerative condition; and more proactive adults who are planning out their later years in advance. There are three general client types Chiang’s company serves, she explained.

Renovation 446

Renovation As-is Marketing 446

Housing Wire

MARCH 8, 2024

Lawrence Yun, the chief economist at the National Association of Realtors , said the economy is clearly slowing and the housing crisis grows more acute each month. “The short-term timing of purchase is dependent upon mortgage rates and inventory availability,” he said. Home sales recorded the lowest activity in 2023 in nearly 30 years.

MLS 447

MLS Construction Mortgages Sales 447

Housing Wire

MAY 3, 2024

As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Serious buyers showed discernment as they know inventory is growing.

Pre-approval 363

Pre-approval Lending Inspection Equity 363

Housing Wire

DECEMBER 6, 2023

“Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC). Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024.

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Principal Equity Mortgages Investor 392

Housing Wire

DECEMBER 13, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% Financial conditions have eased since the last FOMC meeting on Nov. While conditions have improved, mortgage rates remain high. at its last meeting of the year on Wednesday.

Mortgages 522

Mortgages Banks Investor Industrial 522

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products.

Loan Officer 397

Loan Officer Loans Mortgages Equity 397

Housing Wire

NOVEMBER 7, 2023

We are more focused than ever on delivering for our customers in a way that aligns with our long-term vision, and we believe we are in a strong position to continue our pace of innovation with speed, scale, and efficiency,” said Nima Ghamsari , head of Blend. The company posted $40.6

Banks 374

Banks Mortgages Investor Title 374

Housing Wire

MARCH 16, 2023

Industry observers said that, at least in the short term, mortgage rate declines will support home prices but lead to a better outlook for the spring season. “Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short term.” by mid-week.

Banks 384

Banks Mortgages Fixed-rate mortgage Lending 384

Housing Wire

MAY 6, 2024

We allege that they are not able to purchase housing on the same terms and conditions as people from other countries. During a press conference on Monday, Zoila Henson of Relman and Colfax , the plaintiff’s lead attorney, noted that due to this her clients believe the law violates the federal Fair Housing Act in four ways. “We

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Principal Land Residential Development 328

Housing Wire

FEBRUARY 29, 2024

This combination of economic conditions is favorable for home buying. As a result, long-term housing demand is increasing more significantly in these regions. However, consumers are showing extra sensitivity to changes in mortgage rates in the current cycle, and that’s impacting home sales.”

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Sales MLS Mortgages As-is 419

Housing Wire

SEPTEMBER 1, 2023

The terms of the deal were not disclosed. It gives customers access to 95% of their home equity, at a maximum of $500,000, with terms from five to 30 years. The deal is subject to customary closing conditions and regulatory approvals. accelerates. which was rebranded as Rithm Capital.

Equity 389

Equity Loan Officer Residential Commercial 389

Housing Wire

AUGUST 8, 2023

ClearQC: Access to Clear Capital’s ClearQC rules engine, which includes pre-check rules for completeness and consistency, ClearPhoto AI-driven rules for identifying inconsistencies, and property condition assessment based on photos.

Technology 356

Technology Loans Investor MLS 356

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The relative amount of movement fluctuates over time on a seasonal and long-term basis.

Agents 415

Agents MLS Brokerage Industrial 415

Housing Wire

DECEMBER 12, 2023

Tuesday’s report showed inflation was a bit stronger than anticipated, but it was boosted by rents and used car prices, both of which have longer-term disinflationary futures in store for them. So, the market has loosened financial conditions a bit already but more needs to happen for housing to get going again.

Land 490

Land Mortgages Marketing As-is 490

Housing Wire

MARCH 14, 2024

million, with total outstanding debt of $140 million in the form of Blend’s term loan. During the fourth quarter, Blend prepaid $85 million of its term loan balance and amended the maturity date to provide for a one-year extension to 2027, provided we meet certain conditions,” said Amir Jafari, Blend’s head of finance and administration.

Title 409

Title Banks Mortgages Loans 409

Housing Wire

JANUARY 25, 2024

In the short term, all eyes are turned toward the meeting of the Federal Open Market Committee (FOMC) next Tuesday and Wednesday. To stay within budget, buyers will have to talk through trade-offs and compromises with a real estate professional who understands local market conditions, Sturtevant said in a statement.

Mortgages 415

Mortgages Fixed-rate mortgage MLS Banks 415

Housing Wire

SEPTEMBER 29, 2020

. “A more favorable view of current business and labor market conditions, coupled with renewed optimism about the short-term outlook, helped spur this month’s rebound in confidence,” said Lynn Franco, the board’s senior director of economic indicators. ” Wells Fargo economists called the confidence jump “impressive.”.

Marketing 534

Marketing As-is 534

Housing Wire

OCTOBER 27, 2023

That requires real estate professionals to cooperate with each other by sharing pertinent information with competitors regarding the home and about the terms of a potential transaction. The free market establishes broker commission costs based on things like service quality, value for price and market conditions.

MLS 466

MLS Brokerage Agents Closing costs 466

Housing Wire

JULY 7, 2023

points to 66 as difficult supply and affordability conditions continue to weigh on the housing market, according to Fannie Mae. While most of the HPSI’s six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May. The full index is up 1.2

Sales 387

Sales Mortgages Marketing As-is 387

Housing Wire

JANUARY 3, 2024

“To navigate the more challenging market conditions experienced in 2023 and given the cyclical nature of the industry, Pennymac made the difficult, but necessary decision to reduce its workforce,” a spokesperson from Pennymac said in an e-mailed response.

Loan Officer 401

Loan Officer Development Mortgages Investor 401

Housing Wire

MARCH 5, 2024

while contextualizes how the Treasury hopes to impact conditions through the newly announced plan. Recipients will be presumptively eligible to spend funds on housing for families earning up to 120% of area median income, as well as projects that meet the terms of other federal housing programs.”

Construction 464

Construction Finance Land Design 464

Housing Wire

FEBRUARY 22, 2023

Terms of the deal were not announced. “Due to limitations on when and how lenders receive data about property and borrowers, errors and loan conditions aren’t exposed until much later in the process, during processing and underwriting,” the company said. Both companies are privately held.

Mortgages 371

Mortgages Technology Banks Lending 371

Housing Wire

NOVEMBER 7, 2023

The tightening came amid elevated interest rates and uncertainty in economic conditions. The survey, fielded quarterly by the central bank, asks loan officers about topics such as changes in lending terms as well as household demand for loans. Respondent banks received the survey on Sept. 15, 2023, and responses were due by Oct.

Lending 454

Lending Banks Mortgages Loan Officer 454

Housing Wire

MAY 11, 2021

Two of the key components are quality and condition. For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Difficult, But Not Impossible.

MLS 376

MLS Inspection Renovation Residential 376

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”.

Bankruptcy 545

Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California.

Sales 458

Sales New Construction Staging Mortgages 458

Housing Wire

AUGUST 8, 2023

Consumers’ increased confidence regarding their personal financial situations was largely offset by greater pessimism toward home-buying conditions, Fannie Mae ’s home purchase sentiment index ( HPSI ) showed. Unsurprisingly, consumers continue to attribute the challenging conditions to high home prices and unfavorable mortgage rates.

Mortgages 369

Mortgages Sales Marketing As-is 369

Housing Wire

JULY 10, 2023

After hitting lows at the beginning of the year for purchase, rate/term refinance, and cash out refinance, each production type continues to creep slowly upward, MCT said. The labor market is gradually moderating, but conditions remain too hot for the Fed’s liking. .”

Residential 292

Residential Mortgages Loans Industrial 292

Housing Wire

NOVEMBER 4, 2023

The Fed had its meeting on Wednesday and didn’t hike rates, but added the term that financial conditions and credit conditions now will lead to lower economic activity in the future.

Mortgages 493

Mortgages Staging As-is Marketing 493

Housing Wire

MAY 25, 2023

The origination activity will cease effective July 31, 2023, but all outstanding mortgage loans will continue to be serviced in accordance with the terms and conditions of the agreements. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday.

Mortgages 382

Mortgages FHA loan Loan Officer Banks 382

Housing Wire

JANUARY 30, 2024

Extended use of skilled home care or institutional care was more frequent among older adults living with multiple chronic conditions, including dementia.” Long-term care is also an increasingly large priority for older Americans.

Industrial 447

Industrial As-is Mortgages 447

Housing Wire

SEPTEMBER 28, 2023

Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New York State Assembly website.

Closing 402

Closing As-is Finance 402

Housing Wire

NOVEMBER 1, 2023

A source who received the deck from Splitero provided it to HousingWire on the condition of anonymity. We remain focused on driving capital and financing to the sector, to provide long-term product solutions that benefit both homeowners and investors. Atalaya committed $250 million while Kingsbridge put up $50 million.

Equity 407

Equity Investor Loan Officer Finance 407

Housing Wire

AUGUST 10, 2022

In terms of purchase, our market share was essentially flat versus last quarter, but should grow in the back half of the year as our investments in customer acquisition reach higher productivity and more of the purchase transactions start benefiting from our Doma Intelligence technology,” Simkoff said. million up from $23.3

Title 384

Title Closing Investor Technology 384

Housing Wire

AUGUST 3, 2023

Black Knight reported slimmer profits and slowing organic growth in the second quarter, largely due to weaker mortgage volume from clients as well as near-term effects from the proposed merger deal with Intercontinental Exchange (ICE). The company’s profit dropped 61% quarter over quarter to $55.3 million in Q2 2023. million in Q1 2023.

Bankruptcy 353

Bankruptcy Mortgages Development Loans 353

Housing Wire

APRIL 5, 2023

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026. The number of loandepot’s board members will be reduced from nine to eight directors in 2024.

Mortgages 329

Mortgages Development Industrial Lending 329