Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. No, it can’t. We had a credit boom.

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Housing Wire

JANUARY 8, 2024

HousingWire: How do you view the lending landscape for 2024? Since 2012, the average rate has been 7.7%. The easiest way to build that awareness was to build a robust lending platform. Driven by our community development mission to create lending solutions for how people live and work today, we’re always going to be relevant.

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Housing Wire

JUNE 2, 2023

More than 4,000 homes are involved in the transaction, which are primarily located in high-demand markets in the Southeast and Southwest, the Wall Street Journal reported. The homes, planned as rentals, have already been leased. The deal comes at a time when a lack of for-sale home inventory is boosting the appetite for homebuilders.

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Housing Wire

MAY 7, 2023

Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. As you can see in the chart below, there is a big difference between the current housing market and those looking for a repeat of 2008. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Housing Wire

OCTOBER 18, 2022

Amid the uncertain current environment, here are six key indicators we should look to for an accurate assessment of market conditions: Federal funds rate : While the current fed funds rate of 3.25% seems high, it also stood at more than 2% from October 2018 to September 2019. S&P/Case-Shiller U.S.

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Housing Wire

MAY 6, 2022

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies. You also have a mortgage market shrinking from $4.1

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Appraisal Buzz

JULY 5, 2024

While the nation’s housing market remains tight, sales are tracking well below housing demand, and rental and homeowner vacancy rates are plummeting to multi-decade lows. economics, including the labor market, consumer spending, inflation, demographics, and many more. Ryan joined Fitch Ratings in 2012. As Head of U.S.

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Housing Wire

JULY 24, 2024

The real estate market has witnessed significant fluctuations over the years, and the accompanying challenges for real estate agents can offer valuable insights and opportunities. This collapse not only devastated the housing market but also triggered a global financial crisis. million in 2006 to about 999,000 by 2012.

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Housing Wire

SEPTEMBER 12, 2023

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. This news comes after a year in which the nation’s largest banks, spooked by surging rates and increased regulatory risks, have shied away from the jumbo mortgage market.

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Housing Wire

JULY 29, 2021

In a comprehensive study of mortgage market liquidity, Liquidity Crises in the Mortgage Market , several well-known academics provided compelling evidence for “liquidity vulnerabilities associated with nonbanks.” These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. Specifically, the 1.9 Similar results (2.57

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Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Housing Bubble. I disagree with this conclusion. Let me explain.

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Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

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Housing Wire

MARCH 29, 2022

During her 16-year stint at the government guarantor, Johnson held numerous titles, including vice president of capital markets from 2006 to 2012, senior vice president of multi-family from 2012 to 2013 and chief risk officer from 2015 to 2018. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

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Appraisal Buzz

JUNE 7, 2024

A decrease in the MCAI suggests tighter lending rules, whilst an increase in the index indicates looser credit. The index was benchmarked at 100 in March 2012. The overall supply of mortgage credit is still close to 2012 lows, but is slowly increasing,” said Joel Kan, MBA’s VP and Deputy Chief Economist.

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Housing Wire

DECEMBER 29, 2023

“The new home market has been extraordinary in 2023, and I think heading into 2024, we’re going to have the golden age of new home construction,” David O’Reilly, CEO of Howard Hughes , said in a recent CNBC interview. million housing units due to a severe lack of supply produced between 2012 and 2019. million and 7.3

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Housing Wire

JUNE 13, 2023

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. The jumbo index had its first contraction in three months, as some depositories assess the impact of recent deposit outflows and reduce their appetite for jumbo loans, Kan said.

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Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

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Housing Wire

AUGUST 9, 2022

Lending standards tightened in July with the mortgage credit availability index (MCAI) dropping 9%, the largest monthly drop since April 2020, according to the Mortgage Bankers Association (MBA). A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit.

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Housing Wire

SEPTEMBER 4, 2024

“This is a pivotal moment in the market, and I look forward to helping Pretium continue its leadership in this space.” Bosman will help to lead Pretium’s investment activities in homebuilder finance, which have generated $14 billion in originations since the company’s inception in 2012.

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Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton.

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Housing Wire

NOVEMBER 15, 2024

The credit markets were toxic back then, featuring loans with big recast payments which meant that you could have two people working full-time and still be at a credit risk. As you can see in the chart below, the credit markets broke in 2005, 2006, 2007 and 2008, and then the job-loss recession of 2008 started, which made things much worse.

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Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. He described today’s non-QM market as a “very large bucket.”.

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Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. In the overall process of residential lending, our industry has not used automation. The blue bar is compensation cost since 2012.

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Housing Wire

JUNE 9, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit. MBAs Market Composite Index dropped 6.5%, marking the lowest level in 22 years. to 120 in May, the lowest level since July 2021, according to the Mortgage Bankers Association.

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Housing Wire

AUGUST 21, 2020

COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. For the casual observers of the market, it may seem intuitive that with all the economic chaos we suffered during the first half of 2020, the housing market would take a drastic hit – from which it would be difficult to recover. Look, I get it.

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Housing Wire

OCTOBER 11, 2022

drop in cash-out refinance locks in September from the previous month, which is now down 78% from the same period in 2021, according to Black Knight ’s originations market monitor report. “Home prices are pulling back in a growing number of markets, but across the country, affordability remains a challenge,” Happ said.

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Housing Wire

JULY 6, 2021

It has raised a total of $655 million since its founding in 2012, according to Crunchbase. Since it was estabslihed in 2012, Blend has been run by its co-founders ? But Mayopoulos has also stated that virtually “every aspect of mortgage lending can be improved through digitization.”. Presented by: FADT. million and $74.6

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Housing Wire

JANUARY 5, 2021

According to SimpleNexus president Cathleen Schreiner , the company’s most recent funding will assist in its mission to overturn mortgage processes that have been historically archaic, attributing the record-setting numbers the housing market saw in the pandemic to its recent revenue push. billion.

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Housing Wire

JULY 12, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. . The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Credit availability was mixed by loan type.

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Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. The total funding, since the startup’s launch in 2012, is about $645 million and its valuation is at roughly $1.7 The company also plans to pause merger and acquisition activity and market expansion for the rest of the year. .

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Nor can we ever have a credit sales boom again with lending standards back to normal. crash, especially from 2012-2019. million listings.

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Housing Wire

FEBRUARY 12, 2021

Earlier in his career when working on data projects for large banks, Ghamsari realized how data and technology could be used to improve the process and affect positive change across mortgages and consumer lending more broadly. Taking those lessons with him, Ghamsari decided to start Blend in 2012 along with his co-founders.

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Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. Cost to originate But providing the right lending products is only one factor in succeeding in this market. Turns out that some pandemic-era workarounds got engrained into lending processes, Deitch said, and then inertia set in.

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Housing Wire

APRIL 7, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. Despite the recovery in the job market and rapid wage growth, surge in mortgage rates and home price appreciation are restraining purchase activity, Kan said in a release.

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Appraisal Buzz

DECEMBER 10, 2024

Decreases in the index score indicate that lending standards are tightening, while increases in are indicative of loosening credit. The index was benchmarked to 100 in March 2012. The most notable impact was on the government index, which decreased to its lowest since December 2012. compared with October to a score of 95.9

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Housing Wire

MARCH 14, 2023

For business leaders looking to grow market share, deepen relationships and provide differentiated experience, composable origination provides the agility and speed you’ve always wanted to execute on your product strategies,” Ghamsari said. Founded in 2012, Blend went public in 2021.

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Housing Wire

APRIL 16, 2021

Blend Labs filed a confidential registration statement with the Securities and Exchange Commission on Friday, signaling its intent to enter the public markets. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. That January round gave Blend a $3.3 billion valuation.

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