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%

Mortgage 436

Mortgage Retail Contracts Housing Market 436

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.

Lending 407

Lending Human Resources Law Government 407

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. The credit cycle looks much different now than the build-up from 2002-2005. In the past, builders benefitted when mortgage rates fell toward 4% and below.

Mortgage 533

Mortgage Construction Inventory Buyers 533

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.

Retail 397

Retail Mortgage Loan Officers Technology 397

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. Increasing lending and servicing capacity – regardless of mortgage rates. for the week ending Feb.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Housing Wire

APRIL 13, 2022

However, the demand curve of what we have in housing too doesn’t resemble the speculation demand curve of what we saw from 2002-to 2005. Even today, we aren’t even at 2002 levels in the MBA index. This is a risk to housing construction because 5% mortgage rates paused construction for 30 months back then.

Housing Market 457

Housing Market Marketing Mortgage Inventory 457

Housing Wire

MAY 18, 2022

However, the sting of higher mortgage rates is hitting the single-family construction data, and the real story is that the housing completion data, which has been bad for a long time, is still terrible. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

Mortgage 488

Mortgage Construction Contracts Housing Market 488

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.

Technology 382

Technology Mortgage Lending Business 382

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.

Mortgage 406

Mortgage Contracts Retail Marketing 406

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?

Mortgage 356

Mortgage Housing Market Marketing 356

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.

Retail 384

Retail Training Lending Mortgage 384

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.

Retail 389

Retail Mortgage Loan Officers Training 389

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.

Mortgage 329

Mortgage Architecture Technology Clients 329

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. Last week, mortgage applications decreased 3.9%

Mortgage 516

Mortgage Supply Chain Inventory Finance 516

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

Mortgage 513

Mortgage Inventory Marketing Finance 513

Housing Wire

JULY 15, 2024

I’m excited to see Dustin grow the Division and for Dominion to become a go-to lender for all non-QM and traditional mortgage offerings.” ” Since its founding in 2002, Dominion Financial has reportedly funded more than 11,000 projects across the U.S., with a total origination volume of more than $3 billion.

Lending 355

Lending Finance Real Estate Construction 355

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.

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

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%.

Housing Market 510

Housing Market Mortgage Law Marketing 510

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.

Lending 501

Lending Mortgage Business Inventory 501

Housing Wire

JULY 3, 2024

” Christie’s International Real Estate Belgium is the real estate arm of Hillewaere Group , a firm established in 2002 by Roel Druyts that offers real estate , insurance and mortgage lending services.

Real Estate 389

Real Estate Realty Insurance Lending 389

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.

Mortgage 378

Mortgage Real Estate Agent Investors Design 378

Appraisal Buzz

JUNE 14, 2024

Owen Lee, CEO at Success Mortgage Partners , Inc., (SMP) SMP) has been nominated to serve as the Mortgage Bankers Association’s (MBA) vice chairman for the 2025 membership year. “It Lee co-founded SMP, located in Plymouth, Michigan, with his father, Vincent, in 2002 and serves as CEO.

Mortgage 195

Mortgage Technology Training Insurance 195

Appraisal Buzz

SEPTEMBER 17, 2024

Benson recently served as President of Fannie Mae, a provider of mortgage credit in the U.S. In addition, Benson pioneered the formation of Common Securitization Solutions, a cloud-native platform that enables the $7 trillion mortgage-backed securities market to achieve enhanced levels of liquidity and standardization.

Human Resources 221

Human Resources Real Estate Modernization Business 221

Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Prior to this new position, she served as the chief investor and industry relations officer of Home Point Financial Corporation.

Investors 376

Investors Insurance Finance Government 376

Eyes on Housing

OCTOBER 20, 2022

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.9%

Mortgage 178

Mortgage Realtors Housing Market Marketing 178

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.

Mortgage 360

Mortgage Marketing Lending Finance 360

Housing Wire

NOVEMBER 4, 2024

Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older. First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers.

Real Estate Agent 342

Real Estate Agent Buyers Sellers Realtors 342

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 530

Housing Market Inventory Lending Marketing 530

Housing Wire

OCTOBER 25, 2023

A combination of mortgage volatility and extreme margin compression forced Homestar Financial Corp. The Gainesville, Georgia-based lender announced plans to cease retail operations while accepting mortgage locks through Oct. million in production volume across 3,014 units, according to data from mortgage tech platform Modex.

Retail 415

Retail Mortgage Government Marketing 415

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.

Mortgage 382

Mortgage Loan Officers Clients Housing Market 382

Housing Wire

JUNE 27, 2024

Dominion Financial Services , a Baltimore -based private lender with products tailored to real estate investors , has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday.

Investing 358

Investing Investors Real Estate Inventory 358

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.

Inventory 476

Inventory Housing Market Lending Buyers 476

Housing Wire

MAY 17, 2024

since 2002. Although inflation and mortgage interest rates remain elevated, the homebuilder’s sales orders increased in the first three months of 2024 on both a quarterly and a yearly basis. Through its subsidiaries, the company offers mortgage financing, title services and insurance agency services. As a result, D.R.

Inventory 406

Inventory Development Real Estate Insurance 406

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.

Mortgage 365

Mortgage Housing Market Business Marketing 365

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.

Mortgage 484

Mortgage Inventory Housing Market Construction 484

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 545

Housing Market Marketing Inventory Sellers 545

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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Development Mortgage 452