Housing Wire

DECEMBER 14, 2020

The evidence for this can be seen here in a series of charts published with the article: Considering all the wild machinations in the market that we lived through from the date of the first infections to the present, I thought it would be useful to recap some of the year’s significant economic milestones. But the 2020 U.S.

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Housing Wire

JANUARY 5, 2021

It’s unclear what the deal values Stearns at, but the lender originated $20 billion in mortgages last year, according to Guaranteed Rate, which claims to have originated $73 billion in mortgages in 2020. The Chicago-based lender had two loan originators eclipse $1 billion in originations in 2020. This is a breaking news story.

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Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. Looking at 2020, we saw a move in this index, from 185 to 120.

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Housing Wire

DECEMBER 18, 2024

Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. The key points of this report indicate that the Federal Reserve has overlooked the housing market for years. With the labor market cooling down particularly in the private non-farm payroll data can this sector be completely ignored in 2025?

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Housing Wire

DECEMBER 12, 2024

It was July of 2020 and the interest rates had just dropped below 3%, every Title & Escrow company was slammed! Every title company wanted a great piece of the current refi market and most would do about anything to obtain it.The problem; almost all were late to the party and not prepared. Why did this happen?The They respect that.

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Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. Presented by: Sutherland.

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Housing Wire

AUGUST 20, 2021

The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% But some of the industry’s same problems remained in 2020. million in 2020. million in 2020. in 2020, while the share for Hispanic borrowers was 9.1% in 2020 compared to 8.9% in 2020, from 1.04

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Housing Wire

OCTOBER 12, 2022

The financing arrangement was struck on June 3, 2020 with the maximum aggregate borrowing authority totaling $300 million, according to Home Point’s 8-K filing disclosed on Tuesday. The financing arrangement was also dated June 3, 2020. The post Homepoint shrinks its lending capacity appeared first on HousingWire.

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Housing Wire

NOVEMBER 12, 2024

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. In 2025, it will begin rolling out new regional and local programs designed to “build our brand profile and drive business in strategic markets,” she said.

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Housing Wire

OCTOBER 31, 2024

Product comparisons In its announcement of the new rate and additional states, FOA said that its optimistic outlook for the product is fueled by the increased activity in the home equity lending space. But Scarpati did not elaborate on which states — or how many — the company is targeting for a future expansion.

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Housing Wire

DECEMBER 7, 2021

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration. A special purpose credit program can take many forms.

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Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. million until 2020-2024. Here is why. Become a member today.

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Housing Wire

MARCH 3, 2025

The company also notes that it will work with Stone Points leadership to expand and improve the agent branding and marketing resources as well as it offers, as well as the educational, coaching, data and technology resources it offers its franchisees, brokers and agents.

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Housing Wire

NOVEMBER 13, 2024

Smith previously served as president and CFO of Stearns Lending , CFO of Caliber Home Loans , executive for core servicing and centralized sales for Bank of America and CFO of consumer markets for Countrywide. Meanwhile, Smith said Movement is “uniquely positioned to win big in the coming years.”

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4

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Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

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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. How to reach the growing segment of Hispanic American homebuyers in 2023.

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Appraisal Buzz

AUGUST 29, 2024

The recovery occurred in the midst of a robust springtime housing market and falling mortgage rates following several months of rising rates. Key Findings: Improvements in all main residential loan categories—particularly for home purchase—led to an increase in total lending. Quarterly purchase-loan activity increased 32.7%

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. The housing market won’t be like this forever.

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Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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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. Inventory collapsed in 2020, 2021 and 2022.

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Housing Wire

JUNE 14, 2021

When I wrote the America Is Back economic model on April 7, 2020, the bond market was already signaling that the economy and housing would be ok. In addition to the bond market yield action, responsible lending post-2010 gave me confidence that forbearance was not going to be the negative issue that many had hoped for.

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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

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Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. Together, FHA and VA loans represented 34% of the market, up from less than 30% in 2022 and the highest share since late 2020.

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Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. Recent data from mortgage software firm LBA Ware revealed that total funded loan volume by LOs in Q4 2020 increased 106% from the fourth quarter of 2019.

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Mortgage Lending Training Inventory 542

Housing Wire

JANUARY 3, 2022

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. In comparison, the fourth quarter of 2020 saw ownership costs at 21.5%. Presented by: Equifax.

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Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way.

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. First, mortgage lending standards have remained high after the last bubble. The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. There will be two key differences between 2023 and 2010.

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Housing Wire

FEBRUARY 20, 2025

Garg explained that Better utilized its marketplace lending model that includes 32 different investors across the mortgage landscape from real estate investment trusts and insurance companies to hedge funds, major correspondent lenders and the government-sponsored enterprises Fannie Mae and Freddie Mac. ” How is it so fast?

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Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards.

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Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The latest news regarding the Omicron variant has many cautious about whether the recovery that began in the second half of 2020 and blossomed in 2021 can continue.

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Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” According to John Bosley, president of mortgage lending at Planet Home Lending , the idea that 95% of firms will qualify for the new risk-based capital rule is a “little bit disingenuous.”

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Housing Wire

DECEMBER 12, 2022

The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market. So far this year, the correspondent channel has gained market share on the two other channels, increasing from 23.4% Bank Home Mortgage and Planet Home Lending.

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Housing Wire

FEBRUARY 9, 2021

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. What happens when borrowers have more control of the lending process? FormFree is launching a blockchain-based exchange for consumers to take control of the mortgage lending process.

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Housing Wire

APRIL 22, 2022

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021. on April 20.

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Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. However, the uptrend in the bond market since the lows of August 2020 is intact.

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