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. Department of Housing and Urban Development (HUD) showed that housing starts shrank 4.4% Fannie Mae economists project two rate cuts by the end of 2024. in 2024 and to 6.4%

Mortgage 499

Mortgage Real Estate Agent Finance Buyers 499

Housing Wire

NOVEMBER 30, 2024

Despite initial concerns that tariffs would push mortgage rates up to 8% and reduce housing demand, this week has brought some encouraging news. The 10-year yield has remained stable at a crucial technical level and even reversed direction, resulting in improved mortgage rates. This is what happened in the last two years.

Mortgage 490

Mortgage Inventory New Listings Contracts 490

Appraisal Buzz

JULY 30, 2024

VantageScore, a joint venture of the three major credit bureaus (Equifax, Experian, and TransUnion) managed by an independent body, VantageScore, has released its June 2024 CreditGauge report, offering a detailed analysis of the current state of U.S. Personal Loans led the jump, increasing 0.22% from 2.68% in May 2024 to 2.90% in June 2024.

Lending 392

Lending Development Appraisal Mortgage 392

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier. The Fed next meets on Jan.

Mortgage 530

Mortgage Inventory Retail Construction 530

Housing Wire

NOVEMBER 1, 2024

The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Congratulations to the 2024 Tech Trendsetter honorees! This year, 75 honorees were selected. Take a look at the full list below.

Technology 355

Technology Realty Real Estate Development 355

Housing Wire

JULY 9, 2024

In the May 2024 reverse mortgage rates report, we discussed how reverse mortgage borrowers might benefit from higher interest rates over the life of the loan. While this is counterintuitive, one must often think about reverse mortgages in…well, reverse. Department of Housing and Urban Development (HUD) Handbooks.

Mortgage 314

Mortgage Insurance Clients Development 314

Appraisal Buzz

NOVEMBER 26, 2024

Matic announced that it has published its annual year-end trends and predictions report, which examines significant developments in the house insurance market and their effects on mortgage lenders and homeowners. In the second half of 2024, premium growth slowed considerably, with average rate increases for new plans being 6.6%

Insurance 394

Insurance Marketing Development Mortgage 394

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 436

Construction Supply Chain Inventory Housing Market 436

Housing Wire

DECEMBER 14, 2024

The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024. Additionally, our pending contracts are still reflecting double-digit year-over-year growth.

Mortgage 395

Mortgage Inventory New Listings Contracts 395

Appraisal Buzz

SEPTEMBER 26, 2024

The 21 st Five Star Conference marked its final day on Thursday with the tradition of the Women in Housing Leadership Awards, an annual presentation recognizing the remarkable accomplishments of women executives working within the mortgage and housing industries. In February 2024, she returned to CRFS as CEO and Owner.

Human Resources 370

Human Resources Government Mortgage Investors 370

Housing Wire

DECEMBER 18, 2023

A decline in mortgage rates since November helped end four months of declines in builder confidence. Recent economic readings suggest improving housing conditions in 2024. According to NAHB Chief Economist Robert Dietz, the peak in mortgage rates for this cycle is behind us, which should help “to spur buyer demand in the coming months.”

Mortgage 459

Mortgage Development Buyers Housing Market 459

Housing Wire

MARCH 1, 2024

But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. as of February 29, 2024. 23, 2024, the 90-day average for single family listings in the state was 9,927, down from 14,314 single family listings in late February 2020. “It

Housing Market 398

Housing Market Marketing Inventory Construction 398

Housing Wire

JANUARY 19, 2024

Local community developers bidding on foreclosures in the second half of 2023 are signaling a slowdown in U.S. home price appreciation in the first half of 2024, with a rising risk that appreciation will dip back into negative territory. These markets are more likely to see continuing home price appreciation in early 2024.

Retail 398

Retail Marketing Realtors Real Estate 398

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgage 414

Mortgage Finance Insurance Lending 414

Housing Wire

SEPTEMBER 4, 2024

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18 , which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage ( HECM ) program claims proposed in July. HERMIT was launched by HUD in October 2012 after a protracted development cycle.

Mortgage 370

Mortgage Legal Development Insurance 370

Housing Wire

NOVEMBER 15, 2024

The reverse mortgage portion of the Federal Housing Administration ’s (FHA)’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio for the fourth year in a row on the overall government-backed portfolio. The HECM cash flow net present value in 2024, which is a measure reported to Congress by the U.S.

Insurance 323

Insurance Development Mortgage Design 323

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Buyers 509

Buyers Agents Mortgage Real Estate Agent 509

Housing Wire

MAY 29, 2024

Multichannel lender New American Funding (NAF) is going big on reverse mortgages. As already evidenced by its ambitious new marketing campaign, “ Old Wives ,” the company is also aiming to streamline its existing presence in the reverse mortgage market. Chris Clow/RMD: We’re quickly approaching the halfway point of 2024.

Business 329

Business Loan Officers Mortgage Clients 329

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. Let’s dig into the data to understand these developments better.

Mortgage 368

Mortgage Inventory New Listings Contracts 368

Housing Wire

MAY 11, 2024

Mortgage rates and the bond market have fallen a bit recently and the spreads between the 10-year yield and 30-year mortgage rate have improved over last year’s levels. In the past two years, demand has always picked up whenever mortgage rates have moved lower with some duration. That’s a 0.50% difference in rates.

Mortgage 396

Mortgage Inventory New Listings Housing Market 396

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb.

Human Resources 381

Human Resources Mortgage Loan Officers Finance 381

Appraisal Buzz

OCTOBER 4, 2024

The Federal Housing Finance Agency (FHFA) updated the National Mortgage Database (NMDB) Aggregate Statistics series to include fresh quarterly data on the loan performance of residential mortgages until Q2 of 2024. Highlights from the study include: By the conclusion of 2024’s second quarter, 0.1% A further 0.6%

Mortgage 360

Mortgage Tools Lending Finance 360

Housing Wire

SEPTEMBER 10, 2024

HousingWire asked past Tech Trendsetter honorees about the biggest tech transformations they’ve witnessed and where companies in mortgage and real estate should focus their energy in 2024. Dive into their insights on how AI is reshaping the future of mortgage and real estate. “I suggest going all in on AI.

Real Estate 406

Real Estate Mortgage Tools Technology 406

Housing Wire

JUNE 4, 2024

Even after dropping considerably over the past month, mortgage rates remain well above 7% ahead of the next U.S. Mortgage rates were nearly flat on weekly basis as HousingWire ’s Mortgage Rates Center showed that the average 30-year rate for conforming loans was 7.23% on Tuesday, down only 2 basis points from one week ago.

Mortgage 393

Mortgage Inventory Realtors Development 393

Appraisal Buzz

SEPTEMBER 13, 2024

The latest Mortgage Credit Availability Index (MCAI) released by the Mortgage Banker’s Association (MBA) indicated that there was an increase in mortgage credit availability in August. The post Mortgage Credit Availability Jumps Again in August first appeared on The MortgagePoint. In August, the MCAI increased by 0.9%

Mortgage 416

Mortgage Government Lending Construction 416

Housing Wire

JULY 17, 2024

Reverse mortgage marketing can be an exacting process. While the performance metrics for the reverse mortgage industry so far this year have not been anywhere near record-breaking, this also breeds ambition for participants to focus on ways they can renew their messaging about the product.

Marketing 337

Marketing Mortgage Finance Design 337

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence.

Mortgage 372

Mortgage Lending Development Design 372

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. Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6

Lending 338

Lending Mortgage Tools Development 338

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 356

Mortgage Inventory New Listings Sellers 356

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 368

Mortgage New Listings Inventory Sellers 368

Housing Wire

OCTOBER 7, 2024

Despite 2024 being a challenging year for sales volume, the reverse mortgage industry is still encouraged by the engagement of the Federal Housing Administration (FHA) on matters related to the Home Equity Conversion Mortgage (HECM) program, as well as attention to back-end loan issues from Ginnie Mae.

Mortgage 352

Mortgage Development Government 352

Housing Wire

AUGUST 12, 2024

Open Mortgage on Friday shut down its distributed retail channel and laid off more than two dozen employees. years after the Texas-based lender changed ownership and nine months after it exited the reverse mortgage business. The divisional closure comes 1.5 Open was founded in 2003 by Scott and Tana Gordon. In June, the U.S.

Retail 426

Retail Mortgage Loan Officers Business 426

Housing Wire

MARCH 8, 2024

“Consumer attitudes toward home-selling conditions increased markedly in February, with current homeowners, in particular, expressing greater optimism that it’s a ‘good time to sell,’ a development that may foreshadow an upcoming increase in existing home listings.” Fannie Mae forecasts single-family mortgage origination volume at $1.92

Housing Market 467

Housing Market Mortgage Development Buyers 467

Housing Wire

OCTOBER 24, 2024

The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. Collectively, bidding and buying behavior from these local community developers has foreshadowed retail home price trends by six to eight months over the last two years.”

Housing Market 448

Housing Market Marketing Retail Development 448

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officers 382

Loan Officers Mortgage Retail Lending 382

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

Mortgage 370

Mortgage Marketing Finance Retail 370

Housing Wire

SEPTEMBER 26, 2024

New York-based Simplist Technologies , which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).

Mortgage 336

Mortgage Modernization Technology Design 336