Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. The question now is what will inventory look like in the spring if mortgage rates keep falling?

Inventory 524

Inventory Mortgage New Listings Buyers 524

Housing Wire

JUNE 3, 2024

Mortgage subservicer Dovenmuehle Mortgage announced two promotions within its business development team this week. Torres joined Dovenmuehle in 2021 as part of the technology research and development team in San Francisco before transitioning to the business development team in 2022.

Mortgage 384

Mortgage Development Business Technology 384

Housing Wire

NOVEMBER 21, 2024

After tumbling over the past few months, existing-home sales are giving real estate and mortgage professionals a reason to smile. year-over-year improvement, marking the first annualized increase since July 2021. However, for most first-time homebuyers, mortgage financing is critically important. This also was a 2.9%

Inventory 356

Inventory Home Improvement Realtors Real Estate 356

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 506

Inventory Mortgage New Listings Housing Market 506

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 391

Mortgage Marketing Buyers Investing 391

Housing Wire

NOVEMBER 4, 2023

After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. Does this mean we’ve hit the peak in mortgage rates for this economic cycle? When mortgage rates rise and demand decreases, the percentage of homes with price cuts can grow.

Mortgage 468

Mortgage Inventory New Listings Real Estate 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 417

Mortgage Sellers New Listings Buyers 417

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. That is the slowest pace since March 2021. economy showing signs of weakening.

Mortgage 469

Mortgage Tools Realtors Sellers 469

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 466

Mortgage Loan Officers Finance Buyers 466

Housing Wire

OCTOBER 21, 2023

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the last few months. Mortgage rates went from 7.66% to 8.03 % last week to end at 7.97%.

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New Listings Mortgage Inventory Housing Market 518

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. As a group, the number of employees shrank by 46%, from 88,203 in 2021 to 47,940 in 2023. Image created by AI in Midjourney.)

Mortgage 403

Mortgage Loan Officers Retail Training 403

Housing Wire

MARCH 9, 2024

We survived jobs week and Federal Reserve Chairman Jerome Powell talking to Congress, with mortgage rates ending the week below 7%. But will mortgage rates keep heading lower? Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. We haven’t broken either yet.

Mortgage 461

Mortgage Inventory New Listings Housing Market 461

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. mortgage rate at the end of August. “At In 2021, more than $1.2 At closing, my client will get $10,000 of cash up-front.

Mortgage 496

Mortgage Clients Lending Home Improvement 496

Housing Wire

OCTOBER 18, 2024

Following the Surfside condo collapse in 2021 that killed 98 people, Florida lawmakers passed the Condo Safety Act , requiring condo associations to modernize buildings that had pushed off critical work for years. Inventory has also been surging — it was up to nearly 10,000 units last week, a sharp rise from about 6,300 a year ago.

Marketing 478

Marketing Mortgage Finance Lending 478

Housing Wire

MAY 29, 2024

Calque , a company that partners with lenders to offer non-contingent mortgages to homebuyers, has announced new strategic partnerships with Fancher Mortgage Group and Jones Mortgage Group to extend its Trade-In Mortgage product. The product enables homeowners to prepare their original home for sale after moving.

Mortgage 389

Mortgage Buyers Sellers Agents 389

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. But then a rebound in 2024 — up 19%,” Fratantoni said. and reach 5.5%

Mortgage 485

Mortgage Marketing Inventory Technology 485

Housing Wire

SEPTEMBER 30, 2023

Why are mortgage rates rising? The jobless claims data is my key 2023 economic data line for the bond market and mortgage rates because I don’t believe the Fed will pivot until the four-week moving average of jobless claims gets above 323,000. Mortgage rates went from 7.39% to a high of 7.65% and ended the week at 7.44%.

Mortgage 484

Mortgage Inventory New Listings Government 484

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 402

Mortgage New Listings Inventory Sellers 402

Housing Wire

OCTOBER 28, 2023

31, 2022, that mortgage rates would hit 8% in 2023, you would reasonably assume housing inventory would sky rocket higher, home prices would fall noticeably, and the number of price cuts would be higher year over year. Mortgage rates ranged between 7.88%-7.97% and we still have itchy-finger bond traders. If I had told you on Dec.

Inventory 504

Inventory Mortgage New Listings Marketing 504

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 461

Mortgage Inventory Buyers Sellers 461

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Mortgage 390

Mortgage Buyers Contracts Finance 390

Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. dropped by 6.7% in the first quarter of 2024 to 1.28

Lending 429

Lending Mortgage Government Inventory 429

Housing Wire

FEBRUARY 14, 2024

Guild Mortgage ’s acquisition of Academy Mortgage Corp. It’s the largest acquisition to date for retail lender Guild, which has closed six deals since 2021, including last year’s purchases of Legacy Mortgage , Cherry Creek Mortgage and First Centennial Mortgage. The combined enterprises would represent 1.3%

Retail 427

Retail Mortgage Loan Officers Construction 427

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Even with the massive miss on a job report in May 2021, I didn’t waver. Job openings rose as high as to 12 million and are currently over 9 million.

Marketing 494

Marketing Mortgage Transportation Insurance 494

Appraisal Buzz

AUGUST 29, 2024

million mortgages secured by residential property (units one to four) were issued in the U.S., Residential Property Mortgage Origination Report. from a peak reached in 2021 and down 1.6% The recovery occurred in the midst of a robust springtime housing market and falling mortgage rates following several months of rising rates.

Lending 341

Lending Mortgage Buyers Housing Market 341

Housing Wire

NOVEMBER 18, 2023

Did the recent move lower in mortgage rates turn the housing market positive? With mortgage rates moving almost 75 basis points lower from the highs, does the data show that demand has improved? I talked about how much lower mortgage rates can go from here in this recent podcast. I failed 100% of the time so far.

Mortgage 462

Mortgage Inventory New Listings Housing Market 462

Housing Wire

OCTOBER 3, 2024

SitusAMC has struck a deal to sell a majority stake of two subsidiaries focused on mortgage risk management to investment firm VineLight Venture. It comes as Securent seeks capital to invest in rising-demand products, especially in the residential mortgage-backed securities (RMBS) space. The terms of the agreement were not disclosed.

Mortgage 367

Mortgage Insurance Brokerage Investing 367

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 425

Mortgage Buyers Agents Real Estate Agent 425

Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. billion in mortgages, down from $5.3 billion in mortgages, down from $5.3 billion in the previous quarter. billion in the previous quarter.

Lending 372

Lending Mortgage Tools Development 372

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Mortgage 366

Mortgage Landlords Loan Officers Legal 366

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgage 334

Mortgage Lending Finance Business 334

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 393

Mortgage Realty Law Lending 393

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. Of course, the one solution that can change the tide for this concerning downtrend is lower mortgage rates. Single-family permits fell again in today’s housing starts report.

Construction 432

Construction Mortgage Housing Market Marketing 432

Housing Wire

AUGUST 20, 2024

After dropping significantly during the first two weeks of August, mortgage rates have plateaued ahead of a key economic announcement on Friday. year over year in July, its lowest rate of appreciation since March 2021. About 88% of Fannie Mae single-family mortgages include a note rate below 6% and about 81% have a rate below 5%.

Mortgage 419

Mortgage Loan Officers Buyers Realtors 419

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 388

Mortgage Inventory New Listings Sellers 388

Housing Wire

MARCH 20, 2024

The average 30-year fixed mortgage rate was at 7.09% on Wednesday, compared to 6.66% a year ago, according to HousingWire’s Mortgage Rates Center. Eventually, mortgage loan volumes should normalize with lower rates, though there are likely several more challenging quarters ahead for mortgage companies.”

Mortgage 425

Mortgage Government Lending Investors 425

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.

Mortgage 348

Mortgage Loan Officers Retail Finance 348