Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . ” Uptick in applications . .

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Mortgage Housing Market Retail Contracts 435

Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. As we can see below, it’s a much healthier year in inventory growth data than in 2023. This is precisely what the doctor ordered for the housing market. have higher inventory data than the national data.

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Housing Market Mortgage Inventory Marketing 473

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 524

Mortgage Inventory New Listings Marketing 524

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 499

Mortgage Inventory New Listings Retail 499

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 383

Mortgage Marketing Investors Lending 383

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 524

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 520

Mortgage Inventory New Listings Retail 520

Housing Wire

OCTOBER 7, 2024

After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back up over 6.5%. Mortgage rates bounced back up over the last couple days, and it demonstrates how fragile this housing market recovery could be. There were very few buyers in the fourth quarter 2023. Homes stay under contract for 30 to 40 days.

Housing Market 458

Housing Market Marketing Mortgage Contracts 458

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.

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Mortgage Inventory New Listings Housing Market 511

Housing Wire

JUNE 22, 2024

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. For now, we just had back-to-back weeks of positive growth, with mortgage rates still around 7%.

Mortgage 421

Mortgage Inventory New Listings Contracts 421

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 389

Mortgage Landlords Loan Officers Legal 389

Housing Wire

AUGUST 6, 2024

Mortgage rates are dropping fast. Mortgage rates are now the lowest they’ve been in over a year. Last year at this time, mortgage rates were rising, eventually peaking at 8% in October 2023. Are we past the opportunity for declining mortgage rates to help demand and pick up home sales in 2024? more than a year ago.

Mortgage 477

Mortgage Inventory New Listings Contracts 477

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. On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

Mortgage 518

Mortgage Contracts Construction Inventory 518

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. However, 2024 looks much healthier than 2023 data, as we desperately needed to get off those historically low levels of active listings.

Inventory 515

Inventory Mortgage New Listings Contracts 515

Housing Wire

JUNE 15, 2024

Since May 29, we’ve witnessed a decline in the 10-year yield, which has been favorable for mortgage rates. 10-year yield and mortgage rates After the intense jobs week data , we ran straight into CPI and PPI inflation week, with a Fed meeting thrown in! Once mortgage rates began rising in 2024, some demand was removed.

Mortgage 491

Mortgage Inventory Marketing New Listings 491

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 513

Mortgage Inventory New Listings Contracts 513

Housing Wire

FEBRUARY 2, 2024

In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. million net income in 2023, down from $475.5 billion in unpaid principal balance (UPB) in 2023, down 9% year over year. million in Q4 2023, compared to a pretax income of $101.2

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Housing Wire

JUNE 8, 2024

Given last week’s surprising jobs report, how much longer will we have to deal with higher mortgage rates ? It’s essential to track the labor data along with inflation because the key to getting lower mortgage rates for longer lies with the labor data more than inflation.

Mortgage 502

Mortgage Inventory New Listings Contracts 502

Housing Wire

SEPTEMBER 25, 2024

Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA). Adjustable-rate mortgages (ARMs) accounted for 5.9% on mortgages with 80% loan-to-value ratios.

Mortgage 440

Mortgage Retail Contracts Government 440

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. compared to September 2023.

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Contracts Buyers Inventory Mortgage 418

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The latest forecast also projects total mortgage origination activity at $1.6 The mortgage market is projected to slip further to $1.3 million in 2023. Presented by: Polly.

Contracts 448

Contracts Modernization Housing Market Mortgage 448

Housing Wire

OCTOBER 22, 2024

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. in 2023, but starts for attached properties rose by 3.2%

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Sellers Mortgage Marketing Construction 434

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% January marked a surge of people signing contracts to buy new homes. from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday.

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Construction Contracts Buyers Development 459

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. compared to June 2023. Fannie also upwardly revised its forecast for purchase mortgage origination volume to $1.22 Data from the U.S. year over year in June. during the year.

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

SEPTEMBER 4, 2024

Mortgage demand rose slightly last week as mortgage rates moved lower. 30 compared to the previous week, according to the Mortgage Bankers Association (MBA). from the previous week but was 94% higher than the same week in 2023. from the previous week but was 94% higher than the same week in 2023.

Mortgage 421

Mortgage Loan Officers Contracts Marketing 421

Housing Wire

OCTOBER 25, 2022

Recession is coming, according to the Mortgage Bankers Association. . The MBA forecasts a recession in the first half of 2023, with the unemployment rate at 5.5% The economic dislocation will bring mortgage originations down to $2.05 trillion in 2023, compared to $2.26 trillion in 2023, compared to $2.26

Mortgage 321

Mortgage Contracts Insurance Business 321

Appraisal Buzz

SEPTEMBER 25, 2024

CoreLogic recently posted that an estimated 4 million loans are candidates for refinancing if mortgage rates float below 6.75%. “An trillion outstanding mortgage balances originated during the high-interest rate period in 2023-2024,” the firm says. An estimated $1.45 What will lenders do?

Mortgage 393

Mortgage Loan Officers Technology Contracts 393

Housing Wire

SEPTEMBER 3, 2024

Mortgage servicer Nationstar , doing business as Mr. Cooper , is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago. The settlement notice was filed Aug. 30 in a U.S.

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Legal Fees Mortgage Legal Contracts 390

Housing Wire

JULY 15, 2024

Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. Maybe we’re finally past the peak of mortgage rates ? That’s a very small number of new listings that took offers and went into contract immediately. We are not seeing any sales growth.

Housing Market 494

Housing Market New Listings Marketing Mortgage 494

Housing Wire

JUNE 6, 2024

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. In 2023, Celink renewed subservicing deals with major reverse mortgage lenders including Finance of America and Mutual of Omaha Mortgage.

Mortgage 397

Mortgage Contracts Investors Investing 397

Housing Wire

DECEMBER 26, 2022

It is not surprising that the mortgage industry can be one of the more challenging industries to work in. Here are three keys to help mortgage pros and their businesses survive while the mortgage industry contracts. To be a successful mortgage pro, it is important to collaborate and network with other professionals.

Mortgage 395

Mortgage Investing Contracts Business 395

Housing Wire

OCTOBER 9, 2024

After reaching their highest level since July 2022 , mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. According to weekly data released Wednesday by the Mortgage Bankers Association (MBA), applications shrank 5.1% of new applications. “As

Mortgage 394

Mortgage Government Retail Contracts 394

Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. million in Q4 2023. million in Q4 2023. trillion in 2023. trillion in 2023. trillion in 2023. trillion in 2024 and $2.44

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. million in 2023, compared to a $457.6 In 2023, a year marked by lower volume throughout the market, loanDepot’s revenues decreased 22% to $974 million. billion in 2023. million in Q4 2023, compared to $25.4

Legal 389

Legal Contracts Marketing Mortgage 389

Housing Wire

APRIL 20, 2022

Fannie Mae has lowered its mortgage origination forecasts for 2022 and 2023 due to the Federal Reserve’s (Fed) aggressive inflation-fighting monetary policy and corresponding volatility in the mortgage market. It also downsized the 2023 forecast from $2.7 reduction in 2023 – previously, it expected a 4.1%

Technology 476

Technology Mortgage Contracts Real Estate 476

Housing Wire

OCTOBER 19, 2024

We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand.

Inventory 480

Inventory New Listings Mortgage Contracts 480

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. Dramatically few home sales was the story of 2023. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high.

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Mortgage Inventory Sellers New Listings 508