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MBA predicts record purchase mortgage volume in 2021

Housing Wire

trillion in mortgage originations – the highest since 2003 and a 50% increase from 2019. . trillion – also the highest since 2003 – and a forecasted 16% rise in purchase originations to $1.42 “Record-low mortgage rates have led to a surge in borrower demand for refinances and home purchases.”. Here’s how they can.

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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. The baseline or reference level (odds ratio =1) for each odds ratio is the default risk of mortgages originated by depositories between 2000-2003. times more likely to become 90DPD+ than depositories from a more normal underwriting period (2000-2003).

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DocuSign explores leveraged buyout

Housing Wire

Founded in 2003 by Tom Gonser, DocuSign went public in 2018. Potential suitors could include private equity firms and technology companies, according to the Journal. DocuSign’s platform is widely used among real estate professionals. The San Francisco -based firm allows its users to securely send and sign documents online.

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Here’s why we won’t see a housing crisis after COVID-19

Housing Wire

We didn’t have a boom in cash-out loans either, so the equity has not been whittled down like what we saw from 2003-2006. Plus, 20%-30% of all homes were bought with cash in the last 10 years. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member?

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Mortgage lending volume in 2020 likely to break records

Housing Wire

trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 The dollar-volume record will be boosted by $2.4

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Are we seeing a cash-out refinance crisis?

Housing Wire

Although mortgage refinance activity was the highest in 2020 than it has been since 2003, the reasons for refinancing and the quality of the equity loans are much different than they were in the 2000s. Cash-out loan borrowers who increased their loan balances could get a more favorable rate than in previous years.

Lending 543
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Century 21 welcomes two new affiliates

Housing Wire

The firm, which was founded in 2003 by Ray Sharma, was previously affiliated with Century 21 in 2004. On the other side of the country, Century 21 announced Wednesday that it was welcoming Bay Realty into its fold. The San Francisco Bay area brokerage will now do business as Century 21 Bay Realty.

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