Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations. What if it doesn’t?).

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Marketing Mortgage Supply Chain Inventory 481

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022. The monthly supply of new homes is still at an elevated level of 8.3

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Inventory Construction Mortgage Buyers 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.

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Mortgage Inventory New Listings Contracts 504

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

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Mortgage Loan Officers Lending Human Resources 446

Housing Wire

AUGUST 13, 2024

Refinance activity last week hit its highest level since August 2022, when mortgage rates were closer to 5%. Refinance activity received a major boost last week as mortgage rates declined on the back of expectations that the Federal Reserve will cut interest rates and a possible recession looms. for the week ending Aug.

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Mortgage Government Marketing 460

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 493

Mortgage Inventory New Listings Retail 493

Housing Wire

FEBRUARY 17, 2023

Americans’ debt balances continued to compound in 2022 as inflation put pressure on budgets and the cost of borrowing increased. Per the report, mortgage balances drove the uptick in household debt during the fourth quarter, with an increase of $254 billion compared to Q3. trillion by the end of December.

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Mortgage Housing Market Marketing 359

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. This meant mortgage rates were significantly higher than average. Mortgage spreads Last year, the 10-year yield hit 5% and mortgage rates got above 8%.

Mortgage 506

Mortgage New Listings Inventory Contracts 506

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 billion in 2022, up from the previous year’s $2.2

Mortgage 414

Mortgage Investors Development Investing 414

Housing Wire

APRIL 5, 2023

Rocket Mortgage hung onto its claim as the nation’s largest home lender in 2022 — by the skin of their teeth. According to Home Mortgage Disclosure Act (HMDA) data collated by mortgage data firm iEmergent , Rocket originated $127.58 billion in home loans in 2022, edging rival United Wholesale Mortgage by about $63.5

Mortgage 340

Mortgage Home Improvement Brokerage Lending 340

Housing Wire

MARCH 1, 2022

The 2022 TECH100 Mortgage list of honorees spotlights the innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes. finicity.com/mortgage/. Mortgage Cadence. Company Name.

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Mortgage Real Estate Technology Investing 370

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. For companies to survive and thrive, mortgage executives must focus on three primary factors: risk, strategy and efficiency. There are many mortgage firms that have prospered in 2020 and 2021 due to ultra-low rates.

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Mortgage Development Business Technology 393

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.

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Inventory Mortgage New Listings Housing Market 518

Housing Wire

NOVEMBER 30, 2021

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200.

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Government Mortgage Home Value Finance 536

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. That’s ok — very few people are looking at the data without an agenda.

Mortgage 519

Mortgage Inventory New Listings Retail 519

Housing Wire

SEPTEMBER 7, 2024

Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? Mortgage spreads Another way for mortgage rates to drop to the lowest level of the forecast or below is to improve mortgage spreads.

Mortgage 519

Mortgage Inventory New Listings Marketing 519

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 508

Mortgage Inventory New Listings Contracts 508

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

DECEMBER 4, 2022

Home price corrections exposed a growing pocket of equity risk concentrated among purchase mortgages originated in 2022, Black Knight said in its latest mortgage monitor report. Of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater. More recent homebuyers don’t fare as well. “A

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Mortgage Inventory 388

Appraisal Buzz

JULY 25, 2024

The share of loans in forbearance increased to 0.23% as of June 30, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. The number of loans in forbearance increased in June for the first time since October of 2022,” says Marina Walsh, vice president of industry analysis for the MBA, in a statement.

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Mortgage Government Appraisal 195

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 507

Mortgage Inventory New Listings Housing Market 507

Housing Wire

OCTOBER 17, 2024

Former Open Mortgage executive Brenda Hedeen has been hired by Utah-based Canopy Mortgage as its new chief financial officer. Hedeen was the CFO of Open Mortgage from May 2022 to October 2024. She also had CFO stints at On Q Financial and Mann Mortgage. ” she wrote in a LinkedIn post this week.

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Mortgage Retail Loan Officers Technology 401

Housing Wire

NOVEMBER 11, 2024

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. billion in purchase mortgage business, not far off a top 50 spot on the mortgage leaderboard. That’s an annualized $3.2

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Business Mortgage Loan Officers Agents 436

Housing Wire

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Higher mortgage rates and home prices are expected to moderate buyer demand as the erosion of affordability takes a toll. for 30-year fixed-rate loans.

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Housing Market Marketing Construction Inventory 545

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. As mortgage rates rose earlier this year, leading to increased inventory, the price cut percentage grew higher than the last two years.

Inventory 512

Inventory Mortgage New Listings Contracts 512

Housing Wire

SEPTEMBER 23, 2024

A former regional operations manager at CrossCountry Mortgage (CCM) is suing the company over allegations of age discrimination and wrongful termination for her refusal to participate in illegal activities. She transitioned to Ohio-based CCM when it acquired the firm in 2022. mortgage lender in the first half of the year, with $15.4

Mortgage 413

Mortgage Legal Loan Officers Retail 413

Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” But the housing market in the second half of 2022? A mortgage rate lockdown freezes the housing market. over asking price.

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Housing Market Marketing Real Estate Agent Real Estate 508

Appraisal Buzz

OCTOBER 31, 2024

This is in line with the Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI), which uses information from the MBA Weekly Applications Survey (WAS) to calculate how new monthly mortgage payments change over time in relation to income. Since August 2022, it is at its lowest point. in August by 0.8%

Mortgage 370

Mortgage Buyers Appraisal 370

Housing Wire

MARCH 24, 2023

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022.

Mortgage 430

Mortgage Government Inventory Real Estate 430

Housing Wire

JUNE 3, 2024

Mortgage subservicer Dovenmuehle Mortgage announced two promotions within its business development team this week. Krogh joined Dovenmuehle in 2022 from Associated Bank in Chicago. Founded in 1844, Dovenmuehle is one of America’s largest mortgage subservicers.

Mortgage 399

Mortgage Development Business Technology 399

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. Origination volumes decreased in 2022 as interest rates rose. Since 2014, this is the lowest level.

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Mortgage Marketing Appraisal 370

Appraisal Buzz

NOVEMBER 7, 2024

Consumer confidence in the housing market increased in October, reaching its highest level since February 2022, according to Fannie Mae’s Home Purchase Sentiment Index. The share of consumers who think it’s a good time to buy a home increased to 20%, while the share who think it’s a good time to sell a home declined to 64%.

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Housing Market Marketing Mortgage Appraisal 195

Housing Wire

AUGUST 10, 2024

Have lower mortgage rates positively impacted the housing demand data yet? Purchase application data My belief has always been that for the existing home sales market to have real growth and make it stick, we need sub-6 % mortgage rates with some duration. Then, once again, mortgage rates headed higher and sales went lower.

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Mortgage Inventory Marketing Housing Market 486

Housing Wire

JUNE 9, 2022

A recently published CoreLogic report found homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% CoreLogic said homeowners with mortgages account for roughly 60% of properties in the nation. Year-over-year, the number of underwater mortgages dropped by 23%, or close to 300,000 properties.

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Home Improvement Mortgage Housing Market Real Estate 482

Housing Wire

JULY 6, 2024

In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023.

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Housing Market Mortgage Inventory Marketing 470

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. billion, an increase of 13% from 2022. billion, down 2% from 2022.

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Mortgage Marketing Retail Lending 469