Appraisal Buzz

FEBRUARY 17, 2025

homeowners with mortgages nationwide have an interest rate higher than or equal to 6%, the highest percentage since 2016. of homeowners who hold mortgages is less than 6%. of homeowners with mortgages had a rate below 6% in Q3 of 2023. The pandemic-era record low of 2.65% for mortgage rates has already been more than doubled.

Mortgage 347

Mortgage Real Estate Agent Home Value Agents 347

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. Tomo, which was founded in 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, has received a total of $130 million in funding to date.

Mortgage 360

Mortgage Investors Insurance Loan Officers 360

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

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Modernization Mortgage Design Advertising 370

Housing Wire

DECEMBER 11, 2024

Sierra Pacific Mortgage has hired Suzy Lindblom as its new Chief Operating Officer, the company announced in a LinkedIn post. With more than 40 years of experience in the mortgage industry, Lindblom was most recently chief operating officer (COO) at lender and servicer Arc Home , serving in that role from August 2022 to February 2024.

Mortgage 370

Mortgage Lending 370

Housing Wire

JANUARY 29, 2025

High mortgage rates, low inventory and sky-high prices resulted in historically low sales at a time when agents are already wrestling with the changes related to the $418 million antitrust settlement signed by the National Association of Realtors (NAR). This is particularly true for builders with in-house mortgage businesses.

Sellers 488

Sellers Housing Market Realtors Inventory 488

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. The agreement, which was submitted for court approval, requires the Madison, Wisconsin-based mortgage lender to pay a $1.9

Advertising 468

Advertising Lending Loan Officers Retail 468

Appraisal Buzz

MARCH 17, 2025

homeowners with mortgages (which account for roughly 61% of all properties) saw home equity increase by about $4,100 between Q4 2023 and Q4 2024, which is less than the gain of $6,000 in Q3 2023. million homes or 2% of all mortgaged properties. million homes or 2% of all mortgaged properties. of all mortgage properties.

Mortgage 390

Mortgage Government Appraisal Marketing 390

Housing Wire

FEBRUARY 5, 2025

However, if home prices hadn’t skyrocketed alongside mortgage rates , we would have more younger homebuyers entering the market and we would have a slightly higher homeownership rate than todays 65.7% One was from 2008-2019 and the other was from 2020-2024. From Census : The homeownership rate of 65.7 in Q2 of 2016.

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Buyers Housing Market Marketing Mortgage 478

Housing Wire

OCTOBER 24, 2024

Higher rehabilitation costs (49%) and unfavorable mortgage rates (30%) were the next most common factors. Mortgage rates have come down in recent months, but the average 30-year conforming rate stood at 6.65% on Thursday, according to HousingWire ‘s Mortgage Rates Center.

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Housing Market Marketing Retail Development 482

Housing Wire

DECEMBER 18, 2024

Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects. If mortgage rates hadn’t dropped from 7.5% We have already seen the negative impact of 7.5%

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Construction Modernization Mortgage Housing Market 511

Appraisal Buzz

DECEMBER 5, 2024

Its noteworthy that the recent surge in immigration occurred in 2022 and 2023, with the Congressional Budget Office estimating that immigration levels rose from an average of 990,000 in 2020 and 2021 to 2.7 Home prices experienced substantial growth in 2020 and 2021, and rents, after a slight decline in 2020, saw a sharp increase in 2021.

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Construction Housing Market Marketing Buyers 418

Housing Wire

MARCH 6, 2025

Reverse mortgage industry performance metrics continued their 2025 softness on the basis of endorsement volume and securities issuance, February data shows. Mutual of Omaha Mortgage issuance decreased to $95 million, down $10 million from the prior month. And PHH Mortgage Corp. All major HMBS issuers posted declines in February.

Mortgage 365

Mortgage Insurance Business Tools 365

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. a year earlier and the lowest share since the end of 2020. in Q1 2022, when investors were taking advantage of low mortgage rates. As the U.S.

Investors 488

Investors Real Estate HOA Housing Market 488

Appraisal Buzz

FEBRUARY 24, 2025

After hitting a two-year high in September 2024, mortgage refinance activity is once again slowing as interest rates remain elevated. When mortgage rates hit record lows in 2021, refinancing volume soared, exceeding $2.2 in October 2024, the average 30-year fixed mortgage rate fell to 6.1% After reaching a 19-year peak of 7.6%

Contracts 374

Contracts Mortgage Appraisal 374

Housing Wire

MARCH 31, 2025

the parent of United Wholesale Mortgage (UWM) on Monday named Rami Hasani as its new chief financial officer, effective April 1. Rami Hasani Hasani originally joined the company in November 2020 as vice president of financial reporting and compliance. UWM Holdings Corp. ,

Mortgage 335

Mortgage 335

Housing Wire

APRIL 2, 2025

On the heels of launching a new proprietary reverse mortgage product, Mutual of Omaha Mortgage has announced the hiring of reverse mortgage industry veteran Tracy Milligan to serve as its director of strategic initiatives. She officially joined Mutual of Omaha last month, according to her LinkedIn profile.

HOA 339

HOA Property Taxes Insurance Government 339

Housing Wire

MARCH 3, 2025

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. Leroy Comrie (D-Queens), who introduced the bill on Jan. Again, it’s very concerning, Irwin said.

Mortgage 248

Mortgage Law Property Taxes Clients 248

Housing Wire

OCTOBER 21, 2024

Chris Birk, vice president of mortgage insight for Veterans United, attributed this confidence to stabilized levels of inflation. With inflation showing signs of easing and more consumers believing mortgage rates will stabilize or even decrease, we’re seeing a significant boost in home buying readiness.”

Finance 476

Finance Housing Market Buyers Mortgage 476

Appraisal Buzz

FEBRUARY 5, 2025

Demand at distressed property auctionsfor both foreclosure auctions and bank-owned (REO) auctionshas drifted lower to end 2024 as market headwinds such as rising retail inventory and higher-for-longer mortgage rates intensified for the local community developers buying at auction.

Retail 334

Retail Inventory Housing Market Sellers 334

Housing Wire

MARCH 18, 2025

New home sales arent crashing anymore New home sales peaked in October of 2020 with 1,031,000 new home sales and then in 2022 that number crashed all the way down to 519,000 by June. However, after that decline and when mortgage rates started to fall late in 2022 home sales rebounded all the way back to 741,0000.

Construction 436

Construction Inventory Housing Market Mortgage 436

Housing Wire

NOVEMBER 26, 2024

Economists point to the October surge in mortgage rates and the rise in existing-home inventory as some of the factors behind the disappointing results for new-home sales. ​​”Some of the dip in new home sales in October is partially explained by political uncertainty ,” Bright MLS chief economist Lisa Sturtevant said in a statement.

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Inventory Sellers Development Mortgage 448

Housing Wire

MARCH 19, 2025

She had an association with Kind Lending before being hired as COO, as the company was a client of LendArch, the mortgage consulting firm she founded in 2021. Richards has a long history in leadership and executive roles in the mortgage industry. At the time of her hiring, she remained the CEO of LendArch. The case is still ongoing.

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Lending Mortgage Retail Clients 221

Housing Wire

APRIL 7, 2025

Wade Pfau, a professor of retirement income at the American College of Financial Services and an expert who has advocated for the strategic employment of reverse mortgages in retirement planning, told the Times that short-term tumult in close proximity to the actual retirement date can have an impact on the stability of a portfolio.

Mortgage 195

Mortgage Marketing Investing 195

Housing Wire

JUNE 18, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed that lender and servicer Freedom Mortgage Corp. million for alleged violations of a 2019 consent order and the Home Mortgage Disclosure Act (HMDA) when it submitted incorrect mortgage data. mortgage lender by volume, according to the CFPB.

Mortgage 475

Mortgage Realty Law Lending 475

Housing Wire

JANUARY 7, 2025

According to the lawsuit, from February 2019 to February 2020, Experian allegedly deleted over 100,000 disputed tradelines instead of completing required reinvestigations within 30 days. Some of this information was later reinserted into consumer reports. Vanderbilt, Rocket and the Jason Mitchell Group publicly denied the allegations.

Law 418

Law Finance Real Estate Business 418

Housing Wire

MARCH 17, 2025

As mortgage rates rose, homebuyer demand slowed and inventory grew. In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions.

Inventory 428

Inventory New Listings Housing Market Sellers 428

Housing Wire

FEBRUARY 11, 2025

Rental listings have been a consistent high-growth revenue stream for Zillow since the onset of the COVID-19 pandemic in 2020. Zillows rental listings income has increased every year since 2020. In 2024, Zillow earned $145 million in its mortgage origination channel, up 51% year over year.

Advertising 349

Advertising Loan Officers Real Estate Agents 349

Housing Wire

FEBRUARY 3, 2025

Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. On Monday, ICE released its February 2025 Mortgage Monitor report , which is based on the company’s public datasets. Inventory reached its highest level since mid-2020, with Southern states leading the way.

Marketing 358

Marketing Inventory Housing Market Mortgage 358

Housing Wire

MAY 3, 2024

The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. Let’s look at my labor economic model that started on April 7, 2020, and see where are we today. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. Today, we are at 158,286,000.

Marketing 513

Marketing Mortgage Transportation Housing Market 513

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025. million in 2025.

Housing Market 370

Housing Market Marketing New Listings Home Value 370

Housing Wire

JUNE 10, 2024

Mortgage veteran Joe Tyrrell will succeed Scott Smith as CEO of Optimal Blue , the company announced Monday. Tyrrell has more than 25 years of experience in mortgage, finance and technology, serving as president of ICE Mortgage Technology for three years after ICE bought Ellie Mae in 2020.

Mortgage 458

Mortgage Client Relationships Technology Clients 458

Appraisal Buzz

FEBRUARY 19, 2025

The overall number of loans now under forbearance fell by 7 basis points from 0.47% of servicers portfolio volume in the previous month to 0.40% as of January 31, 2025, according to the Mortgage Bankers Association s (MBA) monthly Loan Monitoring Survey. million homeowners are in a loan workout completed in 2020 or after.

Mortgage 195

Mortgage Government Investors Appraisal 195

Housing Wire

MARCH 18, 2025

But in light of Redfins blockbuster sale to Rocket Mortgage that was announced less than two weeks later, hindsight dictates that Kelman may have known that the end of independence was coming for the company hes run for almost 20 years. economy, the housing market ceased to function when the COVID-19 pandemic began in March 2020.

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Brokerage Agents Housing Market Realty 395

Housing Wire

NOVEMBER 1, 2024

This is the lowest monthly jobs number since employment fell in December 2020,” Lisa Sturtevant, chief economist at Bright MLS , said in a statement. Mike Fratantoni, chief economist for the Mortgage Bankers Association , noted that while mass layoffs have not occurred, the pace of hiring has slowed in recent months.

Construction 370

Construction Housing Market Real Estate Mortgage 370

Housing Wire

OCTOBER 13, 2024

Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss. Also, let’s remember that 2019 inventory levels were a four-decade low before 2020.

Inventory 511

Inventory New Listings Retail Mortgage 511

Appraisal Buzz

DECEMBER 23, 2024

The share of mortgages in forbearance increased three basis points in November compared with October, rising from from 0.47% to 0.50% of all loans, according to the Mortgage Bankers Associations (MBA) monthly Loan Monitoring Survey. Mortgage servicers have provided forbearance to approximately 8.5 Less than 2.8%

Mortgage 195

Mortgage Government Investors Appraisal 195

Appraisal Buzz

MARCH 12, 2025

But its exacerbated by the rapid rise in mortgage rates over the last three years. Many California homeowners are locked in not just by low property taxes, but by low mortgage rates. Mortgage rates hovered between 3% and 5% from 2010 to the start of 2022, dropping to a record low of under 3% at the height of the pandemic moving frenzy.

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Property Taxes Inventory Mortgage Law 311