Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. million in mortgages last year, mainly for building and construction. The financials of the deal were not disclosed.

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Mortgage Retail Loan Officers Construction 459

Housing Wire

FEBRUARY 28, 2025

Big picture 2025, our view is that it will be slightly better than 2024 in terms of originations and sales , but unfortunately it probably wont feel much better, McKeveny, the managing director of mortgage and real estate at Zelman & Associates , told attendees of HousingWires Housing Economic Summit on Wednesday.

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Housing Wire

AUGUST 27, 2020

mortgage rates for a 30-year fixed loan fell to 2.91% this week, the second-lowest level on record, Freddie Mac said in a report on Thursday. The rate declined from 2.99% last week , the mortgage financier said. million in July, the highest level since 2006, the report said. Average U.S. The median price increased 8.5%

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Housing Wire

MARCH 8, 2025

That was only seven years after women were legally allowed to obtain a mortgage without a cosigner. “The highest share of single women buyers was in 2006, when the share stood at 22%. housing market , trailing only married couples. Between 2016 and 2024, the share of single women was between 17% and 20%.”

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Buyers Legal Realtors Realty 359

Housing Wire

JANUARY 3, 2023

Regina Lowrie, the first female chair of the Mortgage Bankers Association , died suddenly on Jan. Regina Lowrie, the first female chair of the Mortgage Bankers Association. Her career also includes president and CEO of Gateway Funding Diversified Mortgage Services for 12 years until 2006. She was 68.

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Mortgage Investing Real Estate Finance 482

Housing Wire

MAY 6, 2021

For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, according to Freddie Mac ‘s PMMS. The post Mortgage rates remain under 3% for third week in a row appeared first on HousingWire.

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Appraisal Buzz

JANUARY 2, 2025

Prices have risen every month in 2024, even as mortgage rates have remained stubbornly high and as housing affordability has reached an all-time low. Berner continued: Purchasing a home is especially difficult right now because of high mortgage rates. Measuring Year-Over-Year Gains, Cities With the Highest Growth The U.S. last month).

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Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008.

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Housing Wire

APRIL 1, 2024

Mortgage rate buydowns and a limited supply of existing homes have buoyed housing demand for many months despite elevated interest rates. Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. Overall, U.S. homeowners held $31.8

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Housing Wire

OCTOBER 5, 2022

Mortgage applications for the week ending Sept. from the prior week , according to the latest survey from the Mortgage Bankers Association. On an unadjusted basis, the mortgage composite index decreased 14% compared with the previous week. The post Mortgage demand hits lowest level since 1997 appeared first on HousingWire.

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Housing Wire

OCTOBER 12, 2022

Mortgage demand continues to decline amid surging home loan rates, according to the latest survey from the Mortgage Bankers Association (MBA). . The mortgage composite index for the week ending Oct. According to Mortgage News Daily, the 30-year fixed rate mortgage on Tuesday was 7.14% on average. two weeks prior.

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Mortgage Contracts Housing Market Marketing 418

Housing Wire

OCTOBER 27, 2022

Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months? Traditionally, when economic data gets better, the 10-year yield sells off and yields go up with mortgage rates. was in a recession.

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Mortgage Housing Market Marketing Construction 543

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 397

Housing Wire

MARCH 1, 2021

By late spring of 2020, the loan pipeline at Princeton Mortgage was full. It wasn’t so long ago that mortgage lenders were on top of the world. By the height of the bubble, the industry’s ranks had swelled to about 500,000 workers, according to the Mortgage Bankers Association. And CEO Rich Weidel’s staff was absolutely slammed.

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Mortgage Loan Officers Retail Business 393

Housing Wire

AUGUST 29, 2024

Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. At that point when she was preparing to take the reins of the chapter, she was advised that holding a reverse mortgage-related event would be on the table. The event, which took place on Aug.

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Finance Mortgage Real Estate Agent Insurance 448

Housing Wire

MAY 28, 2024

A licensed real estate broker since 2006, he managed a brokerage in San Diego and he also played a crucial role in establishing some of the first compliance management systems in the mortgage industry. Jon’s strategic vision and innovative mindset will help drive our continued growth and success across all of Fathom’s brands.

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Brokerage Real Estate Realty Insurance 448

Housing Wire

SEPTEMBER 13, 2022

California-based Point Mortgage Corporation has decided to shut down its wholesale business GoPointDirect and lay off employees to focus on retail lending, a top executive confirmed to HousingWire. . And I believe we went through a reset, the same way we did back in 2006 and 2007. The post Point Mortgage Corp.

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Mortgage Loan Officers Retail Lending 370

Housing Wire

MARCH 10, 2025

Evolving from a startup to an industry leader HousingWire: You founded Mortiles in 2006 when you were 19 years old. Erich Wiedel: When I was in high school, a friends brother-in-law owned a mortgage company, and I got a job as a loan officer. This conversation has been edited for length and clarity.

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Technology Clients Real Estate Insurance 349

Housing Wire

JUNE 18, 2024

.” Wilbur, who joined Carrington in November 2006 as associate director, said the company is well positioned from an information technology standpoint. billion in mortgage volume in 2023 across 7,193 units. billion in mortgage volume in 2023 across 7,193 units. Year to date, its total mortgage production is $850 million.

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Retail Technology Government Real Estate 447

Housing Wire

AUGUST 27, 2024

Chris Bruser, a reverse mortgage professional in Florida , agreed with an assertion that most people do not dream of entering the reverse mortgage business when they’re kids. At that point, some friends introduced Bruser to the mortgage industry. We’ll teach you the mortgage business. I wanted to learn about them.

Mortgage 439

Mortgage Business Clients Finance 439

Housing Wire

JUNE 15, 2023

The Consumer Financial Protection Bureau (CFPB) will look for ways to streamline and simplify mortgage servicing rules in the months ahead following public comment on how to reduce risks for borrowers having trouble with their mortgage payments, according to a blog post from CFPB Director Rohit Chopra.

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Mortgage 370

Housing Wire

NOVEMBER 22, 2023

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. That is the lowest level since 2006, according to the report. However, this remains 25% under the pre-pandemic levels. million in total.

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Mortgage Finance Technology 435

Housing Wire

SEPTEMBER 2, 2020

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. rate for a 30-year fixed mortgage has been under 3% since late July, as measured weekly by Freddie Mac. The average U.S. million, a gain of 1.1%

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Housing Market Marketing Realtors Mortgage 546

Housing Wire

JANUARY 6, 2021

According to the Mortgage Bankers Association, mortgage origination volume is expected to reach $3.1 trillion, with the largest refinance market since 2003 and the largest home purchase loan market since 2005 and 2006. The post 2020 housing disruption paves the way for years to come appeared first on HousingWire.

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Housing Market Technology Marketing Mortgage 476

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. My housing economic mindset really starts from 1996 as mortgage rates are much lower now than in previous decades. Of course, today is a much different story; our demographics are much better, and mortgage rates are lower.

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Inventory Construction Government Housing Market 545

Housing Wire

APRIL 16, 2021

“The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said. “An extremely tight supply of existing homes for sale combined with still-favorable mortgage rates and an improving labor market will continue to support demand for new housing. from February.

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Inventory Housing Market Marketing Supply Chain 545

Housing Wire

JULY 6, 2022

But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in April marking the largest single-month deceleration since 2006. The annual home price growth index, measured by Black Knight, grew 19.3%

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Inventory Home Value Housing Market Mortgage 418

Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. The country was in the middle of the financial crisis, as the consequences of the deceptive mortgage lending practices from all the years prior came crashing down.

Marketing 459

Marketing Lending Design Government 459

Housing Wire

MAY 17, 2024

The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone seeking to do business with FHA, to obtain a Unique Entity Identifier (UEI) in order to be eligible for such business. The rule is effective immediately.

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Government Business Design Real Estate 458

Housing Wire

FEBRUARY 14, 2023

Six months after shutting down its correspondent lending division, Illinois-based mortgage company Celebrity Home Loans ‘ bread-and-butter retail channel is also at risk, multiple sources told HousingWire. Data from mortgage recruiting platform Modex shows that the company originated $5.5

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Retail Mortgage Loan Officers Business 370

Housing Wire

MAY 3, 2022

Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. . In April, 30-year fixed mortgage rates averaged nearly 2 percentage points higher than one year earlier. . in July 2006, according to Black Knight’s latest monthly Mortgage Monitor report.

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Buyers Mortgage Housing Market Real Estate 459

Housing Wire

MAY 2, 2024

Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee. On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty. The financial terms of the deal were not disclosed. We look forward to our partnership with Carson Realty (CR).

Realty 450

Realty Insurance Brokerage Clients 450

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 482

Housing Wire

DECEMBER 30, 2020

from its former high in July 2006, and was up 8.4% As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%. Streamlining the refinance process in this low mortgage rate environment. year over year.

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Contracts Inventory Realtors Government 535

Appraisal Buzz

OCTOBER 30, 2024

Managing Partner Forster joined the firm in 2006, and his practice has consisted of real estate, mortgage banking, and probate matters throughout the state of Texas. Mortgage Lending Institute by the University of Texas School of Law, 25th Annual Robert C. Gibson, Jr.

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Law Legal Real Estate Clients 221

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. pending home sales fell 1.1% compared to a year ago. but remained 19.6%

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Inventory Realtors Contracts Development 535

Appraisal Buzz

MARCH 29, 2022

percentage point increase in the 30-year, fixed mortgage rate compared the same timeframe a one year ago. The post Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak appeared first on Appraisal Buzz. There was a 21.7% annual increase in nominal house prices and a 0.7 Household income.

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