Housing Wire

NOVEMBER 10, 2023

The biggest question in the minds of loan originators is whether mortgage rates will fall through the end of 2023, providing some reprieve from the high-rate environment that has stifled origination volume for much of the year. I think we were up right around 15% increase in the number of initial mortgage applications.

Mortgages 432

Mortgages Fixed-rate mortgage Loans Banks 432

Housing Wire

AUGUST 4, 2023

Data from the July jobs report released Friday fell roughly in line with expectations. Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. The unemployment rate changed little at 3.5%, compared to 3.6% The unemployment rate has remained between 3.4%

Marketing 345

Marketing Residential Construction Commercial 345

Housing Wire

MAY 4, 2022

billion mega-deal was announced in a press release Wednesday afternoon. Reports that the Jacksonville-based mortgage lending software and analytics provider Black Knight was exploring a sale became public in April. Black Knight has approximately 6,500 employees, according to the release.

Loan Officer 441

Loan Officer Loans Mortgages Lending 441

Housing Wire

FEBRUARY 11, 2022

According to a joint press release, Sagent will integrate Mr. Cooper’s consumer-first platform into a cloud-native core and then will license the resulting cloud-based servicing platform to banks and independent mortgage companies. The fintech company said that it expects the servicing platform to be ready for marketing by 2023.

Technology 366

Technology Development Equity Mortgages 366

Housing Wire

AUGUST 10, 2023

Fifteen percent of distressed property buyers described themselves as owner-occupants, according to a March 2023 survey of nearly 450 buyers using the Auction.com platform. Kolluri, Principal Deputy Assistant Secretary for HUD and FHA, in a press release published when the policy change was announced.

Renovation 368

Renovation Development Rent back Principal 368

Housing Wire

JULY 26, 2023

During a press conference with reporters on Wednesday, Fed Chair Jerome Powell said another rate hike in September is “certainly possible,” but so is a pause. He noted that the financial policymakers have two inflation reports, two job reports and other economic data before a decision has to be made. “As

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Housing Wire

APRIL 11, 2024

In August 2023, Kenny Parcell resigned from the presidency due to a sexual harassment scandal , causing Tracy Kasper to step into the role. Sears acknowledged that he is a “war-time” president, leading NAR through some of the biggest challenges it has faced in its 100-plus-year history.

VA loan 425

VA loan Loans As-is Development 425

GeekEstate

AUGUST 14, 2023

Let’s get to the numbers… Here’s what you can expect in the report, with our coverage of Blend Labs & Airbnb… Airbnb saw 115 million nights and experiences booked, up 11% YoY, on top of more than 7 million active listings. in Q2 2023, down 35% compared to $65.5M in Q2 2023, a YoY increase of 27%.

Banks 52

Banks Title Residential Mortgages 52

Calculated Risk Real Estate

DECEMBER 4, 2023

Press Release: ICE Mortgage Monitor: Equity Withdrawals Rose Slightly in Q3 2023, but High Interest Rates Are Compressing Usage by 55% Intercontinental Exchange, Inc. ICE reports the median price change of the repeat sales. “Despite the resurgence in tappable equity among U.S. Here is a graph of the ICE HPI.

Mortgages 73

Mortgages Equity Lending Sales 73

Calculated Risk Real Estate

OCTOBER 2, 2023

Press Release: As Home Prices Set Yet Another Record in August, Pushing Annual Growth Rate Sharply Higher, Small but Active Cash-Out Refinance Market Defies Traditional Analysis Today, Black Knight , now part of Intercontinental Exchange, Inc. Black Knight reports the median price change of the repeat sales. The index is up 3.8%

Mortgages 77

Mortgages Lending Loans Staging 77

Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Quite the opposite. But consumers were still interested in that new home smell.

Mortgages 545

Mortgages Loans VA loan Investor 545

The Close

AUGUST 22, 2023

But when you look at these July 2023 housing market numbers in a broader context of year-over-year data, you can see the true impact of high interest rates and low inventory. ” Dr. Lawrence Yun , Chief Economist, NAR July 2023 Data: Is the Housing Market Crashing? Summer 2023 Housing Trends It’s hot and sweaty out there.

Purchase and sale agreement 96

Purchase and sale agreement Sales Agents As-is 96

Marco Santarelli

DECEMBER 13, 2022

According to a press release from the Canadian Real Estate Association, the average price of a home in the GTA in October 2021 was $1,159,763. In 2022, Canada's housing market maintained its downward trend, with the volume of home sales decreasing by a third compared to the previous year and house prices falling by over 10%.

Marketing 52

Marketing MLS Sales Residential 52

Realty Biz

APRIL 9, 2023

Bankrate also reports that despite the most recent economic worries, the area remains stable and affordable compared to other regions. The early 2023 median sale price of a home in Tucson was at $310,000, which is a good bit lower than Arizona statewide. Their last press release was back in 2015. Wilson and Co.

Due diligence 72

Due diligence Branding Agents Sales 72

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgages 411

Mortgages Residential Construction Lending 411

Housing Wire

JUNE 13, 2023

It’s about ensuring long-term sustainability by tackling the three critical financial challenges of buying and maintaining a home: upfront costs, monthly expenses, and financial resilience after purchasing a home,” David Battany, Guild’s executive vice president of capital markets, said in a press release about the program.

Loans 420

Loans Mortgages Closing Marketing 420

Housing Wire

AUGUST 18, 2022

The compliance date for the requirement is December 2023. In a fact sheet it subsequently appended to its initial press release, Ginnie Mae explained why it sees MSRs as an area of particular concern. Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. government.

Loans 409

Loans Banks Mortgages Lending 409

Housing Wire

DECEMBER 11, 2023

Even this week saw a press release with a “home prices in free fall” headline that got picked up all over the media. A few months ago I published a video where we asked, “ How much will home prices gain by the end of the year?” Using a headline like that should come with a trigger warning. is up 2% to 3% over last year at this time.

Staging 466

Staging Sales Mortgages Closing 466

Calculated Risk Real Estate

APRIL 17, 2024

The NAR is scheduled to release March existing home sales tomorrow, Thursday, April 18th at 10:00AM ET. Housing economist Tom Lawler expects the NAR to report sales of 4.23 Here is the press release from the California Association of Realtors® (C.A.R.): percent from $793,260 in March 2023 to $854,490 in March 2024.

Sales 112

Sales Marketing Closing As-is 112

Calculated Risk Real Estate

SEPTEMBER 6, 2023

Note: Black Knight mentions the decline in cash-out refis, and I’ll have more on Mortgage Equity Withdrawal (MEW) on Friday with the release of the Fed’s Flow of Funds report (Z.1 1 - Financial Accounts of the United States). ” said Walden. ” said Walden.

Mortgages 117

Mortgages Equity Principal Loans 117

Calculated Risk Real Estate

APRIL 1, 2024

seasonally adjusted annualized rate There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison.

VA loan 109

VA loan Mortgages Debt-to-income ratio Loans 109

Calculated Risk Real Estate

FEBRUARY 6, 2024

mortgages originated in 2023 Of the 2023 vintage, 46% (2M) would be able to cut their first lien rate by 75 bps if 30-year rates fall to a projected 6% by year’s end, with 33% able to save a full percentage point or more Mortgage holders gained $1.6T • Foreclosure starts decreased -17.9% in December to 24K, equal to 5.2%

Mortgages 115

Mortgages Marketing Lending VA loan 115

Calculated Risk Real Estate

NOVEMBER 6, 2023

Press Release: ICE Mortgage Monitor: Affordability and Demand Continue to Suffer As Rates Hit 23-Year High; Lendable Equity Nearing Record Levels, Yet Borrower Retention Worst in 17 Years Intercontinental Exchange, Inc. 25, according to our ICE U.S. . 25, according to our ICE U.S. from effectively flat just four months before. .

Mortgages 116

Mortgages Equity Lending Sales 116

Calculated Risk Real Estate

MARCH 19, 2024

From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.40 from last February’s seasonally adjusted pace. million SAAR.

Sales 123

Sales MLS Mortgages As-is 123

Calculated Risk Real Estate

DECEMBER 19, 2023

The National Association of Realtors (NAR) is scheduled to release November existing home sales tomorrow, Wednesday, December 20, 2023, at 10:00 AM ET. Housing economist Tom Lawler expects the NAR to report sales of 3.87 This is the fourth look at several early reporting local markets in November. The consensus is for 3.78

Marketing 65

Marketing Sales Closing As-is 65

Calculated Risk Real Estate

AUGUST 7, 2023

NYSE:BKI) released its August 2023 Mortgage Monitor Report , based on the company’s industry-leading mortgage, real estate and public records data sets. NYSE:BKI) released its August 2023 Mortgage Monitor Report , based on the company’s industry-leading mortgage, real estate and public records data sets.

Mortgages 98

Mortgages Equity Sales As-is 98

Fancy Pants Homes

JANUARY 3, 2024

Usher told The Hollywood Reporter “For one year I’ve been here. I’m not saying that this is the end-all-be-all, but I have a place here so I can accommodate my family,” the R&B star added in a lengthy interview with the Hollywood Reporter at the beginning of 2023. I’ve actually moved here.” I’ve actually moved here.”

Title 98

Title Land Sales Industrial 98

Broke Agent Media

MAY 6, 2023

In his press conference, Fed Chair Jerome Powell briefly addressed the housing market by stating , “Activity in the housing sector remains weak, largely reflecting higher mortgage rates. How does the FOMC’s decision to raise rates impact the housing market? It’s one of the topics covered in this week’s Hot Sheet recap.

Marketing 52

Marketing Mortgages Banks As-is 52

Calculated Risk Real Estate

NOVEMBER 17, 2023

Early Read on Existing Home Sales in October From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.94 from last October.

Sales 65

Sales Fixed-rate mortgage MLS Mortgages 65

Toronto Realty Blog

SEPTEMBER 7, 2023

I don’t know if I expected the readers to have sympathy for variable rate borrowers who had amnesia in 2023 and forgot that they made a choice two years ago when they obtained a mortgage, but there were certainly some “looks good on ‘ya” comments. Parents, you know what I mean. I cried as soon as I got into the car.

Marketing 80

Marketing Land Development Banks 80

Fancy Pants Homes

JULY 19, 2023

Fast forward to July 2023 with the press tour in full swing and it’s safe to say that Barbie is no longer just a doll, no longer just a film, it’s a movement. I don’t think it’s over the top to say that Barbie fever has officially taken over the planet. First, there was the expected buzz around a Barbie film being made at all.

Land 52

Land Design As-is Sales 52

Calculated Risk Real Estate

JULY 10, 2023

Press Release: Black Knight: Housing Market Reignites as Home Prices Hit New Record High in May; Inventory, Affordability Continue to Plague Potential Buyers Today, the Data & Analytics division of Black Knight, Inc. “There is no doubt that the housing market has reignited from a home price perspective,” said Walden.

Mortgages 98

Mortgages Construction Principal New Construction 98

Calculated Risk Real Estate

MAY 22, 2023

After the National Association of Realtors® (NAR) releases the monthly existing home sales report, I pick up additional local market data that is reported after the NAR (and I’m frequently adding more markets ). The NAR reported sales were down 27.4%% NSA YoY in April. California Home Sales Down 36.1%

Marketing 52

Marketing Sales Closing Mortgages 52

Marco Santarelli

AUGUST 16, 2022

report, the sales of single-family homes in the Southern California housing market posted a decline of 27.1% Southern California Housing Market Forecast 2022 & 2023. As a result of falling sales and rising inventory, a growing number of potential buyers and sellers are pondering whether or not home prices will fall in 2022 or 2023.

Marketing 90

Marketing Sales Industrial As-is 90

HomeLight

JUNE 16, 2023

Read on to find out your rate (as of 2023 tax rules), and how to calculate your taxes! Rejoice in this: Rarely do homeowners have to pay taxes on the money they make from selling their house. The IRS allows you to exclude up to $250,000 (or $500,000 if you’re married) of “capital gain” on your main home , which means most sellers are covered.

Sales 96

Sales Principal As-is Closing costs 96

Fancy Pants Homes

APRIL 12, 2023

‘Keep your eyes on the road, your hand upon the wheel… Yeah we’re going to the roadhouse, gonna have a real good time.’ What better tune to start talking about iconic rock’n’roll legends and their houses in California, than The Doors’ Roadhouse Blues ?

As-is 98

As-is Closing 98

Housing Wire

DECEMBER 26, 2022

At HousingWire , we decided to break down the challenges the title insurance industry will be up against in 2023. A report by TransUnion showed that the number of HELOC originations nationwide, based on the credit bureau’s analysis, jumped from 207,422 for second-quarter 2021 to 291,736 for the second quarter of this year — a 41% increase.

Title 491

Title Industrial Closing costs Closing 491