Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up 6% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey for October.

Mortgage 482

Mortgage Construction Inventory Buyers 482

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 440

Mortgage Housing Market Marketing 440

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Founded in 2013, Floify — a subsidiary of Porch Group Inc. — is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgage 448

Mortgage Loan Officers Real Estate Agent Design 448

Housing Wire

JULY 2, 2024

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcement. The newest release adds data through 2021 into the available dataset.

Mortgage 427

Mortgage Appraisal Process Finance Appraisal 427

Housing Wire

APRIL 10, 2024

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies. Department of Housing and Urban Development (HUD) in 2013. It also entered into a similar MOU with the U.S.

Mortgage 442

Mortgage Finance Development Government 442

Housing Wire

APRIL 16, 2021

Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows. in 2021, 3.6% in 2022 and 4.1% in 2021, 4.5% in 2021, 4.5%

Mortgage 460

Mortgage Marketing Housing Market 460

Housing Wire

JANUARY 27, 2021

The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating that short-term mortgage rates will stay low for years to come. The Fed also once again applauded the housing market for its resilience throughout the pandemic – thanks to low mortgage rates and such high demand.

Mortgage 539

Mortgage Housing Market Marketing 539

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019.

Mortgage 514

Mortgage Inventory Sellers Housing Market 514

Housing Wire

JUNE 2, 2021

Volly , a mortgage tech company that offers customer relationship management and point-of-sale services for lenders, announced Wednesday the acquisition of mortgage and real estate tech startup Home Captain for an undisclosed amount. The post Mortgage tech firm Volly scoops up Home Captain appeared first on HousingWire.

Mortgage 463

Mortgage Real Estate Technology Clients 463

Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. United Wholesale Mortgage and Rocket Mortgage offer lender-paid temporary rate buydown options in addition to seller-funded buydowns.

Mortgage 448

Mortgage Sellers Finance Housing Market 448

Housing Wire

JUNE 22, 2024

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. For now, we just had back-to-back weeks of positive growth, with mortgage rates still around 7%.

Mortgage 481

Mortgage Inventory New Listings Contracts 481

Appraisal Buzz

JULY 1, 2024

A joint report from the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published and updated loan-level data for public use collected through mandatory demographic questions on mortgage applications through the National Survey of Mortgage Originations (NSMO).

Government 411

Government Mortgage Design Property Appraisal 411

Housing Wire

SEPTEMBER 10, 2020

She’s also a known quantity in the mortgage space. In 2013, Fraser was tapped to head CitiMortgage in St. The day I started at CitiMortgage was the day the market started responding to the Fed, and inevitably was the end of the refi boom,” Fraser, who became CEO in May 2013, said in an interview with the Post-Dispatch.

Mortgage 379

Mortgage Retail Lending Business 379

Housing Wire

JANUARY 26, 2024

There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained by the Bureau. the parent company of Liberty Reverse Mortgage/PHH.

Mortgage 468

Mortgage Finance Investing Business 468

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 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

NOVEMBER 12, 2024

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender. 31 of that year.

Finance 368

Finance Mortgage Insurance Investing 368

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 418

Mortgage Government Lending Marketing 418

Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. But the U.S. Department of Housing and Urban Development (HUD) never fully implemented this. “To

Mortgage 443

Mortgage Design Insurance Lending 443

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%

Mortgage 370

Mortgage Government Lending Contracts 370

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. In the federal lawsuit, Smart Mortgage alleges that Noe downloaded Dropbox on his company computer without authorization on Feb.

Mortgage 418

Mortgage Loan Officers Brokerage Clients 418

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. The last time this data line was fragile was back in 2013-2014.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

AUGUST 8, 2023

Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. The trade group’s monthly Mortgage Credit Availability Index fell by 0.3% Simultaneously, liquidity concerns persisted for some jumbo lenders. last month.

Mortgage 369

Mortgage Government Lending 369

Housing Wire

MARCH 19, 2024

Nierenberg joined the company in 2013 and has recently repositioned it from a real estate investment trust (REIT) into a leading global asset manager. Nierenberg has been the president and CEO of Rithm since November 2013 and chairman since May 2016. Morgan , Bear Stearns , and Lehman Brothers. In 2023, Rithm announced a $532.7

Loan Officers 442

Loan Officers Retail Real Estate Mortgage 442

Housing Wire

FEBRUARY 4, 2021

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. million security backed by non-QM mortgages that have seasoned for an average of nine months, a presale report from S&P Global Ratings showed. That was then, this is now. in Q3 2020.

Mortgage 416

Mortgage Marketing Lending Government 416

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 493

Mortgage Construction Contracts Housing Market 493

Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

Mortgage 476

Mortgage Insurance Lending Marketing 476

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

Insurance 397

Insurance Mortgage Development Valuation 397

Housing Wire

MAY 2, 2021

First American offers an integrated suite of staff and network appraisal products and services, including standard appraisals, collateral inspection services and hybrid valuations through First American Mortgage Solutions’ Appraisal Management Company (AMC) and the First American Staff Appraiser Company.

Technology 459

Technology Valuation Mortgage Inspection 459

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 397

Technology Mortgage Lending Business 397

Housing Wire

NOVEMBER 10, 2020

The Mortgage Collaborative, the mortgage industry’s independent cooperative network, has begun releasing details on a significant virtual event they will host for their members during the first three weeks of December. The post The Mortgage Collaborative brings its own fresh take on virtual events appeared first on HousingWire.

Mortgage 418

Mortgage Business Marketing 418

Housing Wire

MAY 20, 2024

Between 2013 and 2022, title insurers recorded 203,181 claims for policies written during that time, and they paid out $4.4 The study examined 127,000 claims associated with policies issued between 2013 and 2022, and it delved into the most common sources of title insurer losses and claims expenses throughout the decade.

Insurance 497

Insurance Inspection Government Mortgage 497

Housing Wire

JUNE 26, 2024

Reverse mortgage products have a lot of potential utility for older American homeowners, but many consumers remain skeptical of their usefulness due to lingering reputational problems and institutional aversions, despite becoming more regulated in recent years. And so, in 2013, 2015, 2017, we saw a lot of changes.

Mortgage 397

Mortgage Insurance Government Tools 397

Housing Wire

FEBRUARY 22, 2024

While other racial and ethnic demographics have seen an increase in household wealth during that same period, Latinos were the only racial or ethnic demographic to increase their wealth by more than threefold over the last decade from $19,998 in 2013. This was a substantial increase from 2013 when Latinos held just 26.7%

Real Estate 435

Real Estate Investing Mortgage Finance 435

Housing Wire

DECEMBER 14, 2022

promoted Brian Ralston to executive vice president and chief mortgage banking officer. In his new position, Ralston will lead the mortgage banking division’s strategies and oversee origination and servicing operations of the wholesale, non-delegated and delegated correspondent channels, and warehouse lending.

Lending 418

Lending Business Mortgage Finance 418

Housing Wire

APRIL 21, 2021

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgage 390

Mortgage Contracts Brokerage Development 390

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

Investing 468

Investing Buyers Mortgage Housing Market 468

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 505

Mortgage Inventory Housing Market Construction 505