Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Quite the opposite. Sales of new homes spiked 18.6% bond market.

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Appraisal Buzz

OCTOBER 8, 2024

The average monthly housing payment hit all-time high in August, due mainly to spiking insurance costs, which have been rising at three times the rate of principal, interest and taxes, according to the latest Mortgage Monitor report from ICE Mortgage Technologies.

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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% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020. million in 2020.

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Housing Wire

FEBRUARY 24, 2022

No mortgage lender in America capitalized on the pandemic-driven refi boom better than Rocket Mortgage. The Detroit-based company, with a ready-built infrastructure and top-notch brand recognition, was uniquely positioned to absorb historic mortgage demand as others struggled to get out of the gates. Rocket has 2.6

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Appraisal Buzz

NOVEMBER 19, 2024

The Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. Mortgage servicers have provided forbearance to approximately 8.4 million borrowers since March 2020. The share of other loans (e.g.,

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Housing Wire

FEBRUARY 3, 2021

United Wholesale Mortgage originated more than $54 billion in mortgages and generated more than $1.3 At the close of 2020, UWM originated more than $182 billion in mortgages, blowing away the $107.8 billion in mortgages it delivered in 2019. billion in net income during 2020, and $1.37 billion in MSR.

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Housing Wire

OCTOBER 22, 2020

This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. million and purchase applications would never hit 300 until the years 2020-2024. Well, here we are in 2020 entering into the best housing demographic patch ever recorded in U.S. So, let’s take a look at the housing data in 2020 so far.

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Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

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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

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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.

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Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

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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.

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Housing Wire

MAY 17, 2021

Mortgage forbearance exits picked up steam last week as the the total number of loans in forbearance dropped by 14 basis points to 4.22% of servicers’ portfolio share, according to the Mortgage Bankers Association ‘s Forbearance and Call Volume Survey. of all exits for the period from June 1, 2020, through May 9, 2021.

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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. Mortgage Tech Demo Day. million in funded purchase loans in Q4.

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Housing Wire

DECEMBER 22, 2020

Adoption of remote online notarization soared 547% in 2020, according to a new survey from the American Land Title Association of major vendors working in the RON space. Comparing Q2 vs Q3 2020, FundingShield found a 30% increase in fraud/risk exposure in CPL errors and issues. How to prevent wire fraud while increasing production.

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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.

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Housing Wire

SEPTEMBER 8, 2021

Four months into the new year and conversations among mortgage executives were focused right back on the same issue that always happens after a mortgage boom — LO com p. Three mortgage executives were virtually gathered to talk about the routine topic at the Mortgage Bankers Association’s Spring conference in April.

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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.

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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.

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Housing Wire

APRIL 13, 2021

Across the mortgage industry, revenues swelled to record highs in 2020. Nonbank lenders and mortgage subsidiaries of chartered banks reaped the rewards – they nearly tripled their profit per loan last year. There was a downside to the heightened production revenue led by secondary market gains. “On

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Appraisal Buzz

JUNE 18, 2021

million apps recorded in the marketplace in 2020. The post FFIEC Releases 2020 Data on Mortgage Lending appeared first on theMReport.com. The post FFIEC Releases 2020 Data on Mortgage Lending appeared first on Appraisal Buzz.

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Housing Wire

MAY 16, 2022

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). At the end of April, 470,000 homeowners were in forbearance plans.

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Housing Wire

DECEMBER 31, 2020

The 2021 housing market forecasts have focused on everything from home prices to mortgage rates. HW : You start your commentary with a bold prediction: The 2021 housing market will be stronger than 2020. In this installment, HousingWire interviewed Jeff Tucker, senior economist at Zillow , on his forecast for next year.

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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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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.

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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.

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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

JANUARY 11, 2022

of all mortgages in the U.S. percentage point decrease compared to October 2020, when it was 6.1%. in October 2020, for early-stage delinquencies; 0.3% in October 2020, for early-stage delinquencies; 0.3% The post Mortgage Delinquency Rates Decrease from October 2020, Reports CoreLogic appeared first on Appraisal Buzz.

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Housing Wire

FEBRUARY 11, 2021

Freddie Mac , the second-largest mortgage financier in the U.S., In total, the company’s net income at the end of 2020 was $7.3 billion in the third quarter of 2020. The GSE also revealed how far it rode the refi wave in 2020, reporting that for the nearly 3.8 That’s 70% of mortgage activity.

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Housing Wire

OCTOBER 31, 2024

Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. According to filings with the Securities and Exchange Commission (SEC), NerdWallet said the deal allows the company to “provide mortgage shoppers with more hands-on guidance.

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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.

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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.

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Housing Wire

JANUARY 26, 2021

Homeowners stayed current on mortgage payments. 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. Already a member?

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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. Presented by: Motto Mortgage. ” The post Vacation home demand soared in 2020 appeared first on HousingWire. million receiving bids in the summer.

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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%

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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. In turn, the new rule was picked apart by fair housing advocates and the mortgage industry. The post OCC moves to rescind 2020 version of CRA rule appeared first on HousingWire.

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Appraisal Buzz

APRIL 13, 2022

Mortgage bankers made an average profit of $2,339 on each loan they originated in 2021, down from a record $4,202 in 2020, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report. Performance in the.

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