Housing Wire

FEBRUARY 3, 2021

At the close of 2020, UWM originated more than $182 billion in mortgages, blowing away the $107.8 billion in net income during 2020, and $1.37 The fourth quarter and 2020 overall was phenomenal for UWM and the wholesale channel by any measure,” Mat Ishbia, the wholesaler’s president and CEO said in a statement.

Mortgage 523

Mortgage Investors Technology Investing 523

Housing Wire

JANUARY 22, 2021

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% The COVID crisis of 2020 was responsible for a lot of abnormal metrics in the housing market. We saw hints of this prime housing market period as early as February of 2020.

Housing Market 545

Housing Market Marketing Inventory Realtors 545

Housing Wire

FEBRUARY 11, 2021

billion in total 2020 revenue in its annual earnings report, released Thursday. Our 2020 performance demonstrated the remarkable resilience of our people amidst the challenges presented by the pandemic,” said First American CEO Dennis Gilmore. ” First American’s total revenue for the fourth quarter of 2020 was $2.2

Insurance 482

Insurance Retail Business Mortgage 482

Housing Wire

FEBRUARY 10, 2021

Zillow Group reported fourth quarter 2020 earnings of $789 million on Wednesday, easily beating Wall Street’s estimates. For the year 2020, Zillow posted $343 million in EBIDTA. For 2020, Zillow reported 9.6 from the end of December 2020 to March 2021, and by 10.5% billion visits. through December 2021.

Home Value 418

Home Value Advertising Real Estate Agent Real Estate 418

Housing Wire

AUGUST 24, 2020

Many of the 2020 HW Insiders are from these operations roles, and their talent was put to the test during unprecedented times. For this week only, HW+ members get a sneak peak at the 2020 HW Insiders. The post Here are the 2020 HW Insiders appeared first on HousingWire. The full profiles will be available Sept.

Real Estate 418

Real Estate Mortgage 418

Housing Wire

JANUARY 6, 2021

2020 has certainly been a year to remember. Before we repress these 2020 memories, let’s dive into how this pandemic has created housing disruption in a number of areas of the industry, providing us all a nudge toward trying new processes and technologies that we maybe have assumed were still a few years away.

Housing Market 476

Housing Market Technology Marketing Mortgage 476

Housing Wire

MAY 6, 2021

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

Housing Market 468

Housing Market Market Value Marketing Construction 468

Housing Wire

MARCH 25, 2021

billion in 2020 sales. Publicly traded virtual brokerage eXp Realty , which has grown fantastically, in part due to an unusual revenue-sharing agreement with agents, again placed third by transaction sides, with 238,981 in 2020. Its sales volume in 2020 climbed to $72.2 Its sales volume in 2020 climbed to $72.2

Brokerage 505

Brokerage Realty Real Estate Valuation 505

Appraisal Buzz

AUGUST 20, 2021

An analysis of HMDA data by the CFPB has found that closed-end originations increased in 2020 by 65.2%, with much of that spike due attributed to the refinance boom. The post Refis Propel Surge in Originations in 2020 appeared first on theMReport.com.

Appraisal 370

Appraisal 370

Housing Wire

JANUARY 29, 2021

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. The post Loan officers made insane money in Q4 2020 appeared first on HousingWire.

Loan Officers 418

Loan Officers Housing Market Valuation Design 418

Housing Wire

DECEMBER 31, 2020

HW : You start your commentary with a bold prediction: The 2021 housing market will be stronger than 2020. Get $75 off your initial membership with coupon code “intro75” The post The 2021 housing market will be stronger than 2020 appeared first on HousingWire. This article has been lightly edited for length and clarity.

Housing Market 546

Housing Market Marketing Mortgage Real Estate 546

Housing Wire

NOVEMBER 4, 2020

A new annual report from CoreLogic shows multi-closing fraud risk held steady in 2020 after having decreased the past several years. According to the CoreLogic Multi-Close Alert Program (MCAP), 2020 is projected to have a similar level of findings as was seen in 2019. in 2020 when compared to 2019. Presented by: Altisource.

Lending 448

Lending Real Estate Technology Mortgage 448

Housing Wire

DECEMBER 14, 2020

For perspective, I am starting with the condition of the 2020 housing market before the first infections. Before COVID-19, in the first two months of the year, the 2020 housing market appeared on a powerful upswing. But the 2020 U.S. The one downside of the 2020 housing market is the rapid home-price growth.

Housing Market 545

Housing Market Government Marketing Mortgage 545

Appraisal Buzz

JULY 20, 2022

Breaking … The post First Mortgage Default Rate at Highest Since September 2020 appeared first on DSNews. The post First Mortgage Default Rate at Highest Since September 2020 appeared first on Appraisal Buzz.

Mortgage 358

Mortgage Appraisal 358

Housing Wire

AUGUST 18, 2020

Realtor.com released its hottest ZIP codes of 2020 report on Tuesday, which revealed that more towns in the Northeast made the list than last year. The post Here are 2020’s hottest housing markets according to ZIP code appeared first on HousingWire.

Housing Market 516

Housing Market Marketing Real Estate 516

Housing Wire

FEBRUARY 25, 2021

billion in profits for 2020. “Rocket Companies’ record-breaking fourth quarter and full year 2020 results demonstrate the sheer power of the technology platform we have built and refined for more than two decades,” Jay Farner, Rocket Companies’ vice chairman and CEO, said in a statement on Thursday.

Mortgage 459

Mortgage Real Estate Agent Technology Real Estate 459

Housing Wire

FEBRUARY 9, 2021

That follows a startling trend of high vacation home demand, continuing an eight-month streak of more than 80% and includes a peak of 118% year-over-year in September 2020. ” The post Vacation home demand soared in 2020 appeared first on HousingWire. million receiving bids in the summer.

Home Value 418

Home Value Brokerage Contracts Agents 418

Housing Wire

JUNE 11, 2021

RealTrends , which is owned by HW Media , on Friday released its annual list of the top 1,000 agents in the country for 2020, with separate tallies for sales volume and the number of deals done. The agent reported 6,409 transaction sides in 2020 for a deal volume of $2.2 Unless, that is, you are at the very top of the profession.

Agents 459

Agents Brokerage Realty Real Estate 459

Housing Wire

NOVEMBER 2, 2020

New rate lock data suggests 2020 will end with over $4 trillion worth of originations, easily a record. This suggests that origination and prepayment activity will likely remain elevated well into Q4 2020,” he said in a statement. The post Rate lock data suggests record $4T in 2020 mortgages appeared first on HousingWire.

Mortgage 497

Mortgage Lending Inventory Marketing 497

Housing Wire

APRIL 13, 2021

A perfect storm of record low interest rates and shifting consumer behavior spurred by the COVID-19 pandemic resulted in an absolutely incredible year for mortgage lenders in 2020, especially the independent mortgage banks. In fact, over 20 lenders issued 100,000 mortgage loans or more in 2020, the majority of them refinancings.

Mortgage 435

Mortgage Lending Finance Marketing 435

Housing Wire

MAY 3, 2021

billion for the first quarter 2021 — up from only $764 million in the first quarter of 2020. Income was reported at $502 million, a huge recovery from the first quarter of 2020 when Old Republic reported a loss of $605 million. increase from the first quarter of 2020. million registered during Q1 2020. billion, a 12.4%

Insurance 397

Insurance Real Estate Investing Marketing 397

Housing Wire

APRIL 13, 2021

Across the mortgage industry, revenues swelled to record highs in 2020. According to recent data from the Mortgage Bankers Association , IMBs and mortgage subsidiaries averaged around $4,202 profit on each loan in 2020, compared to $1,470 per loan in 2019. But 2020 is going to be a tough year to beat, largely due to the dip in refis.

Valuation 370

Valuation Mortgage Marketing Housing Market 370

Housing Wire

SEPTEMBER 15, 2020

in 2020 and 2.7% The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire. Sales of existing homes probably will total 5.3 million, down 0.4%, Fannie Mae said. That’s an improvement from the drop of 4.5% the mortgage company forecast last month. The annual average U.S.

Lending 545

Lending Mortgage Realtors Housing Market 545

Housing Wire

MAY 16, 2022

According to Marina Walsh, vice president of industry analysis at MBA, the pace of monthly forbearance exits in April reached its lowest level since June 2020, when the association first started tracking exits. The post Forbearance rate drops below 1%, lowest level since June 2020 appeared first on HousingWire.

Mortgage 448

Mortgage Marketing 448

Housing Wire

SEPTEMBER 22, 2020

With that in mind, I would like to revisit my 2020 thoughts on the U.S. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The big question for the rest of 2020 is whether or not we will get total home sales of 6.2 The February housing data, pre-COVID, was juicy indeed.

Housing Market 543

Housing Market Marketing Construction Buyers 543

Housing Wire

FEBRUARY 11, 2021

In total, the company’s net income at the end of 2020 was $7.3 “In 2020, Freddie Mac continued to serve the important role for which it was founded: supporting the housing market in all economic conditions,” said Chris Lown, Freddie Mac’s chief financial officer, in a Thursday earnings call. billion, from $9.1

Business 480

Business Mortgage Finance Housing Market 480

Housing Wire

SEPTEMBER 24, 2020

The 2020 list of HousingWire Vanguard potential candidates was more competitive than ever before. One of the 2020 HousingWire Vanguards, William Lyons, appeared on season 4 of Shark Tank to ask for an investment on his real estate investing website. On any other given year, many would have easily won – but this was not any other year.

Investing 344

Investing Real Estate Business Mortgage 344

Housing Wire

NOVEMBER 30, 2020

Demand for housing was strong in early 2020, before the COVID-19 crisis hit. Instead of a housing crash, as many others predicted would be the lasting consequence of shut-down policies and massive job losses across the nation, the opposite happened as the 2020 U.S.

Housing Market 543

Housing Market Marketing Mortgage 543

Housing Wire

DECEMBER 7, 2022

The Consumer Financial Protection Bureau stated on Tuesday that it will be lenient when enforcing changes made in the 2020 Home Mortgage Disclosure Act Final Rule on the closed-end loan reporting threshold. On September 23, 2020, the U.S.

Mortgage 361

Mortgage Lending Investors Housing Market 361

Appraisal Buzz

JUNE 25, 2021

The post iBuying ‘Up to Full Speed’ Following 2020 Pause appeared first on theMReport.com. The post iBuying ‘Up to Full Speed’ Following 2020 Pause appeared first on Appraisal Buzz.

Agents 322

Agents Appraisal 322

Housing Wire

DECEMBER 11, 2020

The post Tiny homes are big winners in 2020 appeared first on HousingWire. Vermont, New Hampshire, Maine, Wyoming, Washington, Idaho, Montana, Oregon, Rhode Island and Alaska were the states with the most sales, Nathanson said. Washington has the highest population of that group, per the most recent census, of approximately 7.6

Investing 505

Investing Real Estate Business Finance 505

Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. July also reported that thanks to low rates, the second quarter of 2020 experienced a 12-year high in homeownership. By the end of 2020, only Guild and Rocket actually entered the public markets.

Mortgage 545

Mortgage Investors Housing Market Marketing 545

Housing Wire

APRIL 13, 2021

. “The true test of whether 2020 volume represents a unique event will be whether the historically low inventory of homes for sale continues into the summer,” Tomb said. Just how fruitful was 2020 for title insurers? billion written in 2020 was a nearly 22% increase from the $15.8 billion in 2019. of the market.

Insurance 370

Insurance Inventory Marketing Mortgage 370

Housing Wire

JANUARY 26, 2021

Between June and July 2020, the largest portion of borrowers exiting forbearance were those who never stopped paying their mortgage in the first place. The post What 2020’s top forbearance exit trends mean for servicers appeared first on HousingWire. There have been three main forbearance exit trends since June. Already a member?

Mortgage 477

Mortgage 477

Housing Wire

FEBRUARY 24, 2022

In 2020, Rocket’s parent company notched $9.4 decline from the prior year, even though mortgage originations actually rose to $351 billion, up nearly 10% from 2020. billion in loan originations, down 30% compared to the same period of 2020 and 13% compared to the third quarter of 2021. Rocket’s net income fell 69.5%

Mortgage 397

Mortgage Investing Clients Business 397

Housing Wire

SEPTEMBER 8, 2021

The Office of the Comptroller of Currency announced today that it is moving to gut the controversial Community Reinvestment Act (CRA) rule issued in 2020. The post OCC moves to rescind 2020 version of CRA rule appeared first on HousingWire.

Modernization 420

Modernization Insurance Lending Development 420

Housing Wire

DECEMBER 1, 2020

The portal received a 2020 Stevie Award for Top FinTech solution. The post 2020 HW Tech Trendsetter: Lindsay Bhandari appeared first on HousingWire. With a focus on continuous learning and improvement, she believes “Nothing is a failure, rather it is a learning opportunity.”

Technology 361

Technology Development Business Marketing 361