Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? We don’t have that variable this year and spreads have improved earlier than I thought, which has helped mortgage pricing.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

JANUARY 30, 2024

Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Angel Oak’s bank-statement HELOC allows qualified, self-employed borrowers to leverage their home equity while maintaining their primary mortgage.

Mortgage 468

Mortgage Investing Marketing 468

Housing Wire

APRIL 12, 2024

That’s because many of these potential hires are locked into super-low 30-year mortgages. homeowners carry mortgages with interest rates below 3%, while nearly 35% have rates ranging between 3% and 4%. homeowners carry mortgages with interest rates below 3%, while nearly 35% have rates ranging between 3% and 4%.

Mortgage 475

Mortgage Finance Clients 475

Housing Wire

SEPTEMBER 1, 2024

The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. However, as mortgage rates have fallen recently , I haven’t been able to hit my targets, which isn’t a surprise.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

MAY 17, 2024

Mortgage advisory firm Stratmor Group has merged with Teraverde , a mortgage advisory firm and technology solutions provider, in a deal that the companies say will allow them to expand the markets they serve and the depth of services provided. The mortgage industry is experiencing one of the toughest markets in its history.

Mortgage 448

Mortgage Technology Clients Business 448

Housing Wire

MAY 7, 2024

Mortgage rates eased slightly last week after a cooler-than-expected jobs report. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.51% on Tuesday, slightly below the rate of 7.57% one week ago. By the end of the summer, it looks like inventory will finally be back above 2020 levels.

Marketing 468

Marketing Mortgage Inventory 468

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage News and Law360.

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Insurance Mortgage Development Legal 497

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgage 459

Mortgage New Listings Inventory Sellers 459

Housing Wire

AUGUST 14, 2024

Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. At HousingWire ‘s Mortgage Rates Center , the 30-year conforming loan rate averaged 6.66% on Wednesday. economy showing signs of weakening. That is the slowest pace since March 2021.

Mortgage 497

Mortgage Tools Realtors Sellers 497

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

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.

Lending 491

Lending Mortgage Brokerage Loan Officers 491

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? Now, with mortgage rates dropping below that 7.25% level recently, inventory hasn’t been able to hit that growth model once. Oddly enough, those levels were the five-decade low before 2020. This week, inventory grew by 5,721. Weekly inventory change (Aug.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Housing Wire

MAY 20, 2024

According to Todman, the industry has been asking for years for HUD to be helpful on assumable mortgages, which “is a complex transaction that she has “come to understand that sometimes the juice is not worth the squeeze.” ” There was a “hue and cry,” Todman said. .

Mortgage 468

Mortgage Modernization Housing Market Finance 468

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.,

Mortgage 393

Mortgage Investors Appraisal Marketing 393

Housing Wire

MARCH 15, 2024

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). Holtz’s career includes five years as senior director of internal communications at Ellie Mae , which was acquired by ICE in 2020.

Mortgage 448

Mortgage Technology Valuation Investors 448

Housing Wire

FEBRUARY 2, 2024

Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates higher today. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. Today we got a jobs Friday hat trick! This is the key one for right now !

Mortgage 475

Mortgage Retail Marketing Business 475

Housing Wire

MAY 13, 2024

In 2023, home purchases slowed across the board due to low levels of inventory, high mortgage rates and soaring home prices. Nationwide, 90,772 mortgages for second homes were originated in 2023, down 40% from a year earlier and down 65% from the height of the post-pandemic housing boom in 2021, according to a new report from Redfin.

Mortgage 459

Mortgage Marketing Buyers Investing 459

Housing Wire

OCTOBER 5, 2024

18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. This explains the rise in mortgage rates since the Fed cut rates.

Mortgage 511

Mortgage Inventory New Listings Retail 511

Housing Wire

FEBRUARY 21, 2024

Mortgage startup Tomo has thrust itself into the “portal wars” arena with the launch of Tomo Real Estate , its new home search site, the company announced this week. The new portal seamlessly integrates with Tomo Mortgage ’s existing purchase mortgage business.

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Tools Real Estate Mortgage Buyers 459

Housing Wire

JULY 30, 2024

As the mortgage and real estate markets continue to face challenges, nearly 800,000 low down payment home purchases in 2023 leveraged private mortgage insurance (PMI), with first-time homebuyers accounting for 64% of the total. Mortgage Insurers (USMI). trillion in mortgages. The vast majority of this total ($1.4

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Insurance Mortgage Finance Buyers 459

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 457

Brokerage Mortgage Real Estate Renovations 457

Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. Lower rates have recently sparked more activity in the mortgage market. year over year.

Mortgage 501

Mortgage Inventory Buyers Sellers 501

Housing Wire

APRIL 29, 2024

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated.

Mortgage 448

Mortgage Property Taxes Design Insurance 448

Housing Wire

JUNE 10, 2024

Mortgage rate lock-in happens because even small changes in mortgage rates can make a big difference in costs. in April 2024 — with a 10% down payment, a typical mortgage would be approximately $350,000. For every 50 basis point change in mortgage rates, the monthly payment for this house would change by $112.In

Mortgage 468

Mortgage Inventory New Listings Sellers 468

Appraisal Buzz

JUNE 25, 2024

Affordability struggles continue for many nationwide, with mortgage rates reported still in the 7% range and the average U.S. year-over-year according to Zillow, the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey found that the total number of loans now in forbearance declined slightly to 0.21% as of May 31, 2024.

Mortgage 417

Mortgage Home Value Government Real Estate 417

Housing Wire

SEPTEMBER 22, 2024

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. Yes, here’s how and why.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

MARCH 18, 2024

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.

Advertising 458

Advertising Mortgage Business Clients 458

Housing Wire

SEPTEMBER 25, 2024

Applicants hoping to get a mortgage job in 2024. After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.) Image created by AI in Midjourney.)

Mortgage 459

Mortgage Loan Officers Retail Training 459

Housing Wire

JUNE 18, 2024

Having built and led mortgage operations for nearly three decades, planning for the future stands out amongst the most challenging components a leader faces. Today’s consumer looks a lot like pre-pandemic First, how prepared are mortgage servicers for the next hardship cycle? Our history would indicate yes.

Mortgage 446

Mortgage Technology Investors Modernization 446

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgage 468

Mortgage Real Estate Agent Inventory Housing Market 468

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

Mortgage 468

Mortgage Sellers New Listings Buyers 468

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 468

Mortgage Buyers Agents Real Estate Agent 468

Housing Wire

NOVEMBER 3, 2023

The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. As I write this article, the 10-year yield is at 4.53%, and mortgage rates are heading lower! We had a solid job openings print this week and jobless claims are still near historic lows.

Mortgage 508

Mortgage Government Marketing 508

Housing Wire

JUNE 13, 2024

The lawsuit stems from a 2022 Bloomberg investigation that found Wells Fargo was the only large bank to deny more Black applicants than it accepted in 2020 during the refinancing boom. The systems merely indicate whether an applicant’s mortgage would be eligible for purchase by Fannie or Freddie.

Mortgage 458

Mortgage Tools Development Business 458

Housing Wire

MAY 15, 2024

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. Sponsored primarily by then-Sen. Logistically difficult’ Industry reactions at the time were swift.

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Logistics Mortgage Law Business 459

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

Mortgage 434

Mortgage Loan Officers Lending Renovations 434