Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Low mortgage rates combined with a sweet spot in the demographics for housing in 2020-2024 suggests we could see real home-price growth in 2021. In fact I expect forbearance to be continued the entire year of 2021.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

SEPTEMBER 23, 2020

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. Second, the MBA joined the GSEs and other economists who forecast a significant drop in mortgage production in 2021, with most estimating declines in the range of $700 – $800 billion year over year. The CBO’s projections for the U.S.

Mortgage 540

Mortgage Investors Buyers Finance 540

Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. “February of 2021, that had grown to $3.7

Marketing 488

Marketing Housing Market Inventory Mortgage 488

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If All four major U.S. to a reading of 71.0.

Contracts 418

Contracts Realtors Inventory Marketing 418

Housing Wire

MAY 26, 2021

for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. Rates climbed north of 3% over the first few months of 2021, but crested at 3.2% After two straight weeks of increases , mortgage applications dropped 4.2% in March before descending again. the previous week.

Mortgage 516

Mortgage Contracts Government Real Estate 516

Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. Especially when contract interest rates for refis are below 3%.

Mortgage 518

Mortgage Contracts Construction Inventory 518

Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020.

Mortgage 543

Mortgage Contracts Inventory Construction 543

Housing Wire

MARCH 3, 2021

26, 2021 according to the latest report from the Mortgage Bankers Association. Mortgage applications recovered slightly from last week , increasing 0.5% for the week ending Feb. A giant dip in applications was reported following the devastating winter storms in Texas the week of Feb. from 11.9% the week prior.

Mortgage 546

Mortgage Contracts Government Housing Market 546

Housing Wire

JUNE 16, 2021

for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. After three straight weeks of declines , mortgage applications increased 4.2% “ U.S. from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans.

Mortgage 521

Mortgage Contracts Marketing 521

Housing Wire

JANUARY 13, 2021

Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. The 30-year fixed mortgage rate climbed two basis points to 2.88%, but the 15-year fixed rate fell to 2.39% — a survey low.

Mortgage 514

Mortgage Contracts Government Buyers 514

Housing Wire

JULY 21, 2021

“That’s the lowest level since January 2021.” “Refinance activity fell over the week, but because rates have stayed relatively low, the pace of applications was close to its highest level since early May 2021.”. . The refinance share of activity of total mortgage applications increased to 64.9% from 64.1%

Mortgage 476

Mortgage Marketing Contracts Inventory 476

Housing Wire

JANUARY 17, 2024

A 5% sample of the UAD data was used, including the period between the third quarter of 2018 and the fourth quarter of 2021. of all purchased properties in the period analyzed between 2018 and 2021, despite national house prices growing rapidly. However, time adjustments happened to only 18.5%

Appraisal 487

Appraisal Contracts Finance Real Estate 487

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. from 55% in early July 2021, according to Redfin. from 55% in early July 2021, according to Redfin. Also noted as seasonally typical is the 16% decline in new home listings from the 2021 peak in June.

Housing Market 538

Housing Market Marketing Inventory Contracts 538

Housing Wire

DECEMBER 24, 2020

Moving into 2021, we expect rates to hold steady but the key driver in the near term will be the trajectory of the COVID-19 pandemic and the execution of the vaccine.”. With just one week of mortgage rates left to report in 2020, economists and organizations alike have weighed in on what they expect 2021’s rate landscape to look like.

Mortgage 514

Mortgage Contracts Housing Market Marketing 514

Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The prior week ‘s report showed a 1.8% drop in applications to the lowest level since January 2020.

Mortgage 521

Mortgage Contracts Inventory Investors 521

Housing Wire

APRIL 28, 2021

decrease in applications in its latest report for the week ending April 23, 2021. Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.17% from 3.2%

Mortgage 488

Mortgage Contracts Inventory Marketing 488

Housing Wire

OCTOBER 27, 2021

Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time home buyers are accounting for a declining share of activity.”. annual gain for the year ending in August 2021, remaining the same as the previous month. Mortgage applications increased 0.3% the week prior.

Mortgage 468

Mortgage Contracts Buyers Marketing 468

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

Contracts 448

Contracts Inventory Housing Market Marketing 448

Housing Wire

JULY 7, 2021

in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. Mortgage applications decreased again , this time falling 1.8% This marks the third straight week of application declines, and represents the lowest level since the January 2020.

Mortgage 482

Mortgage Contracts Marketing 482

Housing Wire

MAY 12, 2021

for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. After weeks of decreases , mortgage applications rose 2.1% Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%.

Mortgage 468

Mortgage Contracts Inventory Marketing 468

Housing Wire

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans.

Mortgage 476

Mortgage Contracts Government Buyers 476

Housing Wire

AUGUST 27, 2024

Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the fintech will purchase it at an agreed-upon price, the company said in a release Tuesday.

Contracts 468

Contracts Real Estate Agent Real Estate Buyers 468

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 459

Contracts Investors Investing Market Value 459

Housing Wire

JULY 5, 2021

The May 2021 Pending Home Sales Index of 114.7 Contract signings rose in all regions in May compared to the prior month and one year ago. Some of that make-up demand bled over into the early months of 2021. From the National Association of Realtors : “Pending home sales rose 8% in May from the prior month and 13.1%

Realtors 505

Realtors Contracts Marketing Housing Market 505

Housing Wire

DECEMBER 10, 2020

By 2021, that number will decrease to 18%, then continue to decrease in 2022 to 12%. “I In October, homebuyer traffic increased 32% year over year, while pending contracts increased 20% year over year. million, but the forecast posits that 2021 will see a slight dip to 1.5 This year, housing starts were at 1.53

Real Estate 508

Real Estate Realtors Housing Market Contracts 508

Housing Wire

NOVEMBER 16, 2021

of the [loan] pool is concentrated in Maryland per the transaction documents,” states the November 10 Fitch presale report for PIMCO’s latest offering — issued through a conduit called BRAVO Residential Funding Trust 2021-HE3. for 2021-HE1 and 23.8% for 2021-HE2. The loans are serviced by Rushmore Loan Management Services.”.

Investors 434

Investors Marketing Contracts Investing 434

Housing Wire

NOVEMBER 5, 2021

According to a report produced by Douglas Elliman and real estate appraisal company Miller Samuel , single-family home listings sloped down 58% year-over-year in July 2021 to a paltry 20 total in the famous ski-resort town. Thirty-three condo contracts were entered in July and 20 were in the $2-$4 million range.

Housing Market 476

Housing Market Marketing Real Estate Agent Contracts 476

Housing Wire

SEPTEMBER 7, 2021

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. As we are in September 2021, we can safely say the housing crash has been moved once again to next year. ended in April 2020.

Contracts 544

Contracts Housing Market Marketing 544

Housing Wire

JUNE 6, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders. Celink assumed control of the HECM servicing contract with HUD in late 2022. The assessment scale ranges from SQ1 (strong) to SQ5 (weak).

Mortgage 448

Mortgage Contracts Investors Investing 448

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 448

Inventory Renovations Contracts Buyers 448

Housing Wire

JANUARY 29, 2024

The lawsuit states that Atlantic Trust signed a wholesale broker agreement with UWM in January 2018 but agreed to amend the contract to add the “All-In Initiative” in December 2022. Therefore, we will follow the agreed upon contract and win damages.” UWM on Thursday when filed a lawsuit in a U.S.

Contracts 468

Contracts Loan Officers Lending Retail 468

Housing Wire

OCTOBER 3, 2024

Team left Keller Williams in 2021 after serving as its president for roughly two years. In order to do this, Team formed EMC, and a former colleague formed Aika, which subsequently obtained a contract to build the software for KW. Team’s lawyers have denied these allegations in court filings.

Contracts 434

Contracts Legal Technology Real Estate 434

Housing Wire

OCTOBER 12, 2022

has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. In the fourth quarter of 2021, the company had $4.72 Home Point Financial Corp. million, SEC filings revealed. .

Lending 418

Lending Contracts Finance Mortgage 418

Housing Wire

SEPTEMBER 29, 2021

The purchase index shrank 1.9%, and the refi index contracted 0.9%. “Mortgage rates in response rose across all loan types, with the benchmark 30-year fixed rate reaching its highest level since early July 2021,” he said. ” MBA’s survey noted that the refi share of mortgage activity increased to 66.4%

Mortgage 435

Mortgage Contracts Marketing 435

Housing Wire

NOVEMBER 16, 2022

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) dropped to 6.9% With little incentive to refinance, refi activity was down by 88% compared to the same period in 2021. from the previous week’s 7.14%. The refinance share of mortgage activity decreased to 27.6% from 13.3%

Mortgage 545

Mortgage Retail Contracts Marketing 545

Housing Wire

FEBRUARY 9, 2024

Florida-based Okavage Group sued UWM in April 2021, following the lender’s announcement of an ultimatum that the wholesale lender will no longer partner with brokers who also work with Rocket Mortgage or Fairway Independent Mortgage Corp. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 448

Contracts Retail Lending Mortgage 448

Housing Wire

JUNE 1, 2022

The refinance index dropped 5% from the previous week and was 75% lower than the same period in 2021. million in 2021. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($642,000 or less) fell to 5.33% from 5.46% in the prior week. of total applications from 32.3%

Mortgage 459

Mortgage Contracts Retail Marketing 459