Housing Wire

FEBRUARY 23, 2024

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down payment, compared to 12.5% About 7.8% percentage points. About 7.8%

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Mortgage Home Value Lending Real Estate 398

Housing Wire

JANUARY 25, 2021

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. Analyzing over 8.5

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Mortgage Home Value Real Estate Finance 529

Appraisal Buzz

NOVEMBER 20, 2024

Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The index was benchmarked to 100 in March 2012. The MCAI rose by 0.7 percent to 99.2 in October.

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Mortgage Government Design Construction 418

Appraisal Buzz

JANUARY 10, 2025

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines data from ICE Mortgage Technology, indicates that mortgage credit availability rose in December. In March 2012, the index was benchmarked at 100. In December, the MCAI increased by 0.7%

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Housing Wire

JUNE 27, 2024

The median monthly payment for purchase mortgage applicants decreased to $2,219 in May, down 1.6% from the prior month , according to data released Thursday by the Mortgage Bankers Association (MBA). The median monthly payment for purchase mortgage applicants decreased to $2,219 in May, down 1.6% in May to a reading of 173.9.

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Housing Wire

NOVEMBER 22, 2023

While prospective homebuyers are grappling with still-elevated mortgage rates, a growing share of Americans are enjoying being mortgage-free. million single-family homes and condos were mortgage-free, a 31% increase compared to 25.4 percentage points from 2012, according to Bloomberg’s analysis. In total, 33.3

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Mortgage Real Estate Housing Market Marketing 445

Housing Wire

JUNE 6, 2024

Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA). The Mortgage Credit Availability Index (MCAI) rose by 0.1% The index was initially benchmarked to 100 in 2012. percent, and the Conforming MCAI rose by 0.5

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Mortgage Lending Government Technology 377

Appraisal Buzz

JUNE 7, 2024

Mortgage credit availability increased in May, according to the Mortgage Credit Availability Index (MCAI) , a report from the Mortgage Bankers Association (MBA) based on data from ICE Mortgage Technology. The index was benchmarked at 100 in March 2012. The MCAI increased by 0.1%

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Mortgage Government Design Lending 343

Housing Wire

SEPTEMBER 30, 2024

Starter homes are defined as those priced in the fifth to 35th percentiles of their respective markets, and homes are deemed affordable if the mortgage payment consumes no more than 30% of the household income. When comparing income to the cost of monthly mortgage payments, the typical buyer now earns 8.9% more than they need.

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Buyers Real Estate Mortgage Brokerage 447

Housing Wire

APRIL 26, 2024

Homebuyer affordability declined in March as mortgage rates and home prices remained elevated. The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. The index is benchmarked to 100 in March 2012. The national index increased 0.8% in March, up from 172.8

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Mortgage Housing Market Buyers Marketing 396

Appraisal Buzz

OCTOBER 24, 2024

An examination of CoreLogic data indicates that, in comparison to prior years, jumbo mortgage originations saw a discernible drop in both dollar quantities and market share in 2023 and 2024. Mortgage origination volumes surged in 2020 and 2021 as a result of the historically low mortgage rates and the quick growth in housing prices.

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Mortgage Marketing Appraisal 370

Housing Wire

DECEMBER 10, 2021

Mortgage credit availability dropped in November, despite improvements in the labor market, according to a report released Friday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall fell by 0.6% The post Mortgage credit availability declines in November appeared first on HousingWire.

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Mortgage Government Inventory Investing 411

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.

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Housing Market Mortgage Marketing Inventory 540

Housing Wire

AUGUST 12, 2021

Mortgage credit availability increased marginally in July following a big downturn in June , according to a report released by the the Mortgage Bankers Association on Thursday. The MBA Mortgage Credit Availability Index overall rose by 0.3% The MBA Mortgage Credit Availability Index overall rose by 0.3% in June to 118.8.

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Mortgage Government Investors Investing 418

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 3 Self-driving banks.

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Mortgage Technology Loan Officers Business 534

Appraisal Buzz

OCTOBER 15, 2024

The Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) based on data analysis from ICE Mortgage Technology , indicates a drop in mortgage credit availability in September. Key Findings from the Mortgage Credit Availability Index: In September, the MCAI dropped by 0.5%

Mortgage 387

Mortgage Government Lending Construction 387

Appraisal Buzz

SEPTEMBER 13, 2024

The latest Mortgage Credit Availability Index (MCAI) released by the Mortgage Banker’s Association (MBA) indicated that there was an increase in mortgage credit availability in August. In March 2012, the index was benchmarked at 100. In March 2012, the index was benchmarked at 100.

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Mortgage Government Lending Construction 414

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move.

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Mortgage Inventory New Listings Sellers 521

Housing Wire

SEPTEMBER 22, 2020

Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. For regular ARMs, the cut-off date is Jan.

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Mortgage Government Investors Finance 387

Housing Wire

JUNE 3, 2021

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks saw an average net profit of $3,361 on each loan they originated in the first quarter of 2021, down from a reported gain of $3,738 per loan in the fourth quarter of 2020, according to a new report from the Mortgage Bankers Association.

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Mortgage Valuation Marketing 476

Housing Wire

JULY 12, 2022

Lenders continued to tighten credit standards in June as higher mortgage rates slowed refinance and purchase activity. The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Purchase mortgage rates , measured by the Freddie Mac PMMS Index , were at 5.3%

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Mortgage Government Lending Inventory 392

Appraisal Buzz

MAY 31, 2024

According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), homebuyer affordability declined in April due to rising interest rates and other costs increasing from a median $2,201 in March to a median $2,256, a $55 increase. The PAPI was benchmarked to 100 based on data from March 2012.

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Mortgage Inventory Housing Market Buyers 393

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

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Loan Officers Mortgage Finance Buyers 468

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

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Buyers Mortgage Real Estate Housing Market 543

Housing Wire

MARCH 22, 2023

It also allows qualifying veterans to get into the housing market with no down payments, limited closing costs, and no monthly mortgage insurance costs. from 2012 to 2021. Across the country, 180 loan program originations took place between 2012 and 2021. interest rate for the life of the loan. “VA

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Mortgage Renovations Insurance Construction 382

Housing Wire

APRIL 20, 2022

from 2012 to 2021. The GAO’s report said that from 2012 to 2021, 91 loans were originated in Hawaii using the program. In the entire country, 180 loan originations resulted from the program from 2012 to 2021. How Mortgage as a Service Levels the Playing Field for Minority and First-Time Homeowners.

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Housing Wire

SEPTEMBER 4, 2024

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18 , which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage ( HECM ) program claims proposed in July. HERMIT was launched by HUD in October 2012 after a protracted development cycle.

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Mortgage Legal Development Insurance 404

Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association. The trade group’s monthly Mortgage Credit Availability Index picked up by 0.3% in August.

Mortgage 373

Mortgage Government Lending Marketing 373

Housing Wire

JUNE 13, 2023

Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. The monthly Mortgage Credit Availability Index fell by 3.1%

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Mortgage Government Lending Contracts 337

Housing Wire

NOVEMBER 14, 2024

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. During that time, he helped with credit risk transfer transactions and the first mortgage servicing rights (MSR) securitizations.

Mortgage 294

Mortgage Loan Officers Investing Finance 294

Housing Wire

MARCH 21, 2024

(FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. Julie May, vice president and general manager of B2B Scores at FICO, said that in the mortgage space, the company charges “$3.50 ” Representatives at the DOJ did not reply to requests for comment.

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Mortgage Government Marketing Business 434

Housing Wire

OCTOBER 29, 2024

Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. This equated to homes being 9.2% renter population.

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Mortgage Buyers Tools Sellers 359

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). Mortgage application volume for refis dropped 82.6% The MCAI fell to 108.8 and the Conforming MCAI decreased by 3.3%.

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Mortgage Government Lending Inventory 374

Housing Wire

JUNE 9, 2023

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. Even the IMF was begging the U.S.

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Inventory Housing Market New Listings Mortgage 545

Housing Wire

OCTOBER 12, 2021

Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall rose by 1.5% in September, the highest level since May.

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Government Investors Mortgage Buyers 511

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.). Earlier this year, HUD Sec.

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Mortgage Insurance Renovations Tools 406

Housing Wire

OCTOBER 28, 2020

Tomo Networks , a Connecticut-based digital mortgage startup, just picked up $40 million in a seed round as it mobilizes to build a compelling product in an increasingly crowded market. . The pandemic has dramatically increased the adoption of digital mortgage tools. Find out what those are here. Presented by: Snapdocs.

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Real Estate Agent Mortgage Real Estate Tools 372