Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. When people say credit will get so tight that we are headed back to 2008 levels of lending, they’re telling me they’ve never read the MBA’s mortgage credit availability index, not even one time.

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Lending Mortgage Business Inventory 498

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. Guild acquired Inlanta Mortgage , expanding its presence in the Midwest.

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Retail Mortgage Loan Officers Technology 396

Housing Wire

NOVEMBER 2, 2022

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. A different index measures this week’s rates higher at 7.09% , according to Mortgage News Daily. from 13.9%

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Mortgage Retail Contracts Housing Market 397

Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. I’m going to take their talking points and explain in detail why this isn’t the housing bubble of 2002-2005. “ This is why I like to show the MBA mortgage purchase application chart.

Housing Market 513

Housing Market Inventory Lending Marketing 513

Housing Wire

JULY 17, 2024

Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA).

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Mortgage Government Insurance Development 345

Housing Wire

AUGUST 21, 2020

That belief, however, assumes that one does not understand the two main drivers of housing: demographics and mortgage rates. As it happens, these fabulous demographics are accompanied by the lowest mortgage rates ever recorded in history. All that other stuff, my friends, is just stamp collecting.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

OCTOBER 19, 2022

Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). The MBA survey shows that the mortgage composite index for the week ending Oct. retail residential mortgage applications. from 13.5% the week prior.

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Mortgage Contracts Retail Marketing 375

Housing Wire

MARCH 15, 2021

Home prices were growing at an unsustainable level from 2002-2005, leading to some excess risk-taking on inadequate loan debt structures. In the 2020 market, on the other hand, refinances were not driven just by an increase in equity but lower mortgage rates. The rest of this content is for HW+ members. Already a member?

Lending 520

Lending Housing Market Mortgage Marketing 520

Housing Wire

AUGUST 3, 2021

Quite the opposite: In that cycle we had the weakest housing recovery ever, even with the lowest mortgage rates during the longest economic expansion ever. From 2002 to 2005 we experienced a credit boom due to the rapid increase in borrowing for speculation purchases. Speculation demand.

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Housing Market Marketing Mortgage Real Estate 545

Housing Wire

MARCH 30, 2023

One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages. today and why they’re so different than the period of 2002-2008. There is usually a 1.60%- 1.80% difference between the 10-year yield and 30-year mortgage rate, but now we are at 3%.

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Housing Market Mortgage Law Marketing 469

Housing Wire

FEBRUARY 26, 2021

HousingWire Lead Analyst Logan Mohtashami joins the HousingWire Daily podcast to talk about why low mortgage rates need to end. During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article , “We need higher mortgage rates to cool the housing market.”. Already a member?

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Mortgage Housing Market Marketing 322

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

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Mortgage Inventory Marketing Finance 496

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls. Home sales.

Housing Market 543

Housing Market Marketing Inventory Sellers 543

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. 2018 was the last time mortgage rates got to 5%, and sales trended from 5.72

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Housing Market Marketing Mortgage Inventory 507

Housing Wire

FEBRUARY 14, 2023

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 Timothy Bowler, president of Intercontinental Exchange, Inc.

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Technology Mortgage Lending Business 348

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

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Mortgage Inventory Housing Market Construction 446

Housing Wire

AUGUST 9, 2023

Mortgage applications fell for the third consecutive week as the 30-year fixed mortgage rate rose to its highest level since November 2022 at 7.09%. For the week that ended August 4, mortgage applications fell 3.1% from the prior week , according to data from the Mortgage Bankers Association. The downgrading of the U.S.

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Mortgage Contracts Government Inventory 295

Housing Wire

OCTOBER 28, 2022

Mortgage lender Homestar Financial Corporation on Friday announced appointing Gurp Bhandal as executive vice president of national production. Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi.

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Retail Training Lending Mortgage 342

Housing Wire

JULY 16, 2024

The state of Montana may not be a key source of business for the reverse mortgage industry, but that doesn’t negate the reality that seniors who reside there might find the product useful for reaching some kind of financial goal. He joined the mortgage industry in 1990 and transitioned to the reverse channel in 2002.

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Mortgage Easement Home Value Business 351

Housing Wire

JULY 2, 2024

She previously served at Fannie Mae in multiple roles from 1997 to 2009, including stints as director of the offices of corporate justice, corporate justice and employment practices, and human resources at different points between 1997 and 2002.

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Lending Human Resources Law Government 367

Housing Wire

MAY 4, 2022

Black Knight’s Optimal Blue is looking to court mortgage brokers with its new pricing feature that provides up-to-date rates on its cloud-based loan servicing platform. The post Optimal Blue hopes to hook mortgage brokers with real-time rate feature appeared first on HousingWire. billion deal to boost origination offerings.

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Mortgage Real Estate Agent Investors Design 341

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. What is going on here?

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Inventory Housing Market Construction Marketing 486

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. AmCap, founded in 2002, is a much smaller lender. In terms of volume, CCM claims it originated $31.6 billion in loans in 2023.

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Retail Mortgage Loan Officers Training 347

Housing Wire

SEPTEMBER 11, 2020

Corr and Tyrrell both joined Ellie Mae in 2002, and coincidentally, both in positions that emphasized strategy – Corr beginning as chief strategy officer and Tyrrell as vice president of strategic relationships. ICE also acquired Simplifile in 2019.

Mortgage 448

Mortgage Development Business 448

Housing Wire

MARCH 4, 2022

Fannie Mae this week completed its first credit insurance risk transfer (CIRT) deal of the year as part of the agency’s ongoing efforts to share mortgage risk with the private sector. . billion reference pool of single-family mortgages. That credit risk is tied to a $26.1 billion loan pool.

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Insurance Real Estate Mortgage Finance 438

Housing Wire

SEPTEMBER 26, 2023

“This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end. Mortgage holders are well-qualified and subprime loans are rare.

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Inventory Housing Market Lending Buyers 450

Housing Wire

SEPTEMBER 22, 2020

The new home sales market is doing well as it really benefits from lower mortgage rates. Good housing demographics, housing tenure at 10 years and low mortgage rates are a perfect recipe for unhealthy home-price growth. Mortgage rates are one of the primary drivers of demand. It is not out of the question that we can get to 6.2

Housing Market 542

Housing Market Marketing Construction Buyers 542

Housing Wire

JULY 11, 2022

Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). Kumar was a manager at Standard Chartered Bank from 2002 to 2004. The post LendArch hires Karthik Kumar, TCS’s former head of mortgage appeared first on HousingWire.

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Mortgage Architecture Technology Clients 287

Housing Wire

SEPTEMBER 5, 2024

Mortgage lender and servicer OCMBC has acquired HomeStar Financial Corp. OCMBC, doing business as LOANStream Mortgage , posted $3.56 billion in volume in nonqualified mortgage ( non-QM ) volume, placing No. Mortgage data platform Modex showed that HomeStar posted an origination volume of $2.45 OCMBC also originated $2.1

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Retail Government Mortgage Business 349

Housing Wire

DECEMBER 22, 2020

We see hints of this delayed home sales shift in the Mortgage Bankers Association’s purchase application data. The silver lining is that unlike in the previous cycle from 2002-2005, homeowners are in a much better financial position. history all can facilitate unhealthy price growth if mortgage rates stay this low.

Housing Market 545

Housing Market Buyers Realtors Marketing 545

Housing Wire

OCTOBER 18, 2022

To say that mortgage lenders are facing challenging times would be a considerable understatement. The substantial increases this year present challenges in the mortgage sector, as the note rates produced can become illiquid if not hedged. in September 2002. The index stood at 58.6 S&P/Case-Shiller U.S.

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Mortgage Marketing Lending Finance 331

Housing Wire

JULY 19, 2022

The smart thing to do is go with the builder sentiment trend until it reverses, and most likely, we will need to see lower mortgage rates for that to happen. We never saw the credit sales boom as we did from 2002-2005, so the builders themselves are in a better position to manage their future.

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Housing Market Marketing Construction Real Estate 502

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. United Wholesale Mortgage (UWM) launched the product in August. A year ago at this time, rates averaged 3.14%. Searching for new options.

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Mortgage Loan Officers Clients Housing Market 348

Housing Wire

OCTOBER 13, 2022

With mortgage rates surging to the 7% mark, industry observers believe that a new refi wave won’t return for several years. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage surged 26 basis points from last week to 6.92%, a record-setting climb to its highest level since April 2002.

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Mortgage Housing Market Business Marketing 342

Housing Wire

JUNE 28, 2022

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005.

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Housing Market Marketing Inventory Investors 476

Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. As you can see, sales levels were never elevated like what we saw from 2002-2005. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005. Slow and steady wins the race.

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Housing Market Inventory Construction Marketing 410

Housing Wire

JANUARY 5, 2024

In 2002, adults over 65 spent $48,000 (adjusted for inflation) a year on average, according to data from the Bureau of Labor Statistics ,” she wrote. . […] Even with home equity , nearly 40% will not be able to afford assisted living,’” she cited. These kinds of expenses have only become more burdensome over time, Mohanty said. “In

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