Housing Wire

NOVEMBER 27, 2024

Mortgage applications rose 6.3% 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign for mortgage lenders heading into the typically slow Thanksgiving holiday.

Mortgage 370

Mortgage Contracts Government Inventory 370

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. increase between 2024 and 2025 to a pace of 5.35

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. An index score above 50 indicates market expansion, while a score below 50 indicates contraction. ”

Investors 433

Investors Mortgage Property Taxes Inventory 433

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. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

DECEMBER 4, 2024

Mortgage applications increased 2.8% 29 as borrowers took advantage of improved inventory levels and the lowest mortgage rates in a month, according to data released Wednesday by the Mortgage Bankers Association (MBA). In 2025, jumbo loans will increase to a minimum size of $806,501 — a 5.2% in the prior week.

Mortgage 397

Mortgage Inventory Government Contracts 397

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. Origination volume forecast for 2024 Fannie Mae forecasts the total single-family mortgage originations volume to be $1.98 million in Q4 2023.

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based). ” he said.

Mortgage 459

Mortgage Modernization Technology Development 459

Housing Wire

NOVEMBER 25, 2024

With relentlessly high mortgage rates and stubbornly high home prices, the mortgage payment on the median priced home in the U.S. We saw two signals that buyers are backing off in the face of mortgage rates. We saw two signals that buyers are backing off in the face of mortgage rates. This year hasn’t topped out yet.

New Listings 397

New Listings Inventory Sellers Contracts 397

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

OCTOBER 21, 2024

An effort seeking summary judgment in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Contracts 448

Contracts Law Mortgage Legal 448

Housing Wire

DECEMBER 14, 2024

The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Additionally, our pending contracts are still reflecting double-digit year-over-year growth. If we had the worst spreads from last year, mortgage rates would be about 0.60 percentage points higher today.

Mortgage 396

Mortgage Inventory New Listings Contracts 396

Housing Wire

MAY 22, 2024

Join us at The Gathering 2025 in Denver, CO, June 8-11. And more importantly, if you haven’t moved on or committed to contracts that are too rooted in the past, chances are your P&L statement isn’t looking so great. Speakers: Rich Weidel, CEO, Princeton Mortgage Go here to lock in special pricing with your registration.

Contracts 447

Contracts Technology Mortgage 447

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Experts attribute the drop in pending home sales to mortgage rate volatility. However, these declines occurred when mortgage rates were rising in April and May. The West posted a 1.4% monthly increase to a reading of 56.7, which is down 2.1%

Inventory 501

Inventory Contracts Realtors Buyers 501

Housing Wire

DECEMBER 7, 2024

Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. We also see growth in our pending contract data compared to 2022 and 2023. Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Housing Wire

APRIL 21, 2021

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgage 390

Mortgage Contracts Brokerage Development 390

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC).

Contracts 435

Contracts Investing Investors Mortgage 435

Housing Wire

JULY 30, 2024

Cooper Group has priced the issuance of $750 million in debt to refinance outstanding mortgage servicing rights (MSR) facilities, an announcement that comes only four days after making public its billion-dollar acquisition of Flagstar Bank ‘s servicing assets. that is payable semiannually. million customers, to Mr. Cooper.

Investors 482

Investors Contracts Mortgage Marketing 482

Housing Wire

FEBRUARY 23, 2024

The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program. But Ginnie Mae has never sought to contract with TCB itself regarding TCB’s transactions with RMF.” Ginnie Mae accordingly implored TCB to lend money to RMF.

Government 444

Government Contracts Finance Lending 444

Housing Wire

DECEMBER 19, 2023

Housing inventory climbed late in the year as mortgage rates rose. Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. Contracts growing We continue to see the new contracts grow each week: There were 7.7% more new contracts started this week than the same week a year ago.

Sellers 482

Sellers Marketing Inventory Contracts 482

Appraisal Buzz

DECEMBER 19, 2024

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. As of December 12, the 30-year fixed-rate mortgage averaged 6.6%, according to Freddie Mac. At the end of November, there were 1.33

Inventory 312

Inventory Realtors Buyers Contracts 312

Housing Wire

OCTOBER 28, 2024

Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Mortgage rates seem to have finally settled down. The longer mortgage rates stay higher, the more inventory will grow closer to the old levels.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. Finally, flexibilities afforded to other federal agencies should be extended to Ginnie Mae to enable quicker hiring and contract procurement.

Modernization 455

Modernization Government Contracts Insurance 455

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

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 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

NOVEMBER 11, 2024

The election took up a lot of peoples’ lives last week, and that obviously delayed some listing and sales activity, plus we’ve had spiking mortgage rates. I’m now looking forward to 2025 when the data comes in each week. I’m now looking forward to 2025 when the data comes in each week. to 8% and inventory spiked.

Housing Market 397

Housing Market Marketing Inventory New Listings 397

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Last year was weak as mortgage rates were hitting 8%. Mortgage rates were super high and inventory was building. That difference can be attributed to mortgage rates staying higher for longer through September.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

NOVEMBER 16, 2023

The parties announced on Thursday that Change will remain a certified CDFI until the lender’s next application related to the fiscal year 2025 is determined. A federal judge sided with Change in September, allowing the lender to continue its mortgage offerings until at least December.

Lending 447

Lending Finance Contracts Development 447

Housing Wire

MARCH 18, 2024

At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. 1 and as of today, March 18, mortgage rates are 30-40 basis points higher than Jan. This week in 2022 was the last of the 3% mortgages.

Inventory 468

Inventory New Listings Sellers Contracts 468

Appraisal Buzz

SEPTEMBER 5, 2024

Fannie Mae’s HPES polls more than 100 experts across the housing and mortgage industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, as measured by the Fannie Mae Home Price Index (FNM-HPI). /*! homeowners with mortgages have an interest rate below 6%, down from 90.6%

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures.

Housing Market 284

Housing Market Marketing Inventory New Listings 284

Housing Wire

SEPTEMBER 9, 2021

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. During a Facebook Live address, Ishbia proclaimed that while AMCs add value to the industry, appraisals have been a stumbling block for the mortgage industry.

Appraisal 476

Appraisal Valuation Appraisal Process Contracts 476

Housing Wire

SEPTEMBER 3, 2024

Mortgage rates have eased down in anticipation of the Federal Reserve’s meeting in a couple weeks. Mortgage markets could cause mortgage rates to jump even if the Fed cuts. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes. 76,000 total sales this week is 2.5%

Inventory 457

Inventory New Listings Contracts Buyers 457

Housing Wire

SEPTEMBER 18, 2024

In contract, single-family housing starts were up 15.8% Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. monthly and 6.2%

Marketing 488

Marketing Construction Development Housing Market 488

Housing Wire

DECEMBER 17, 2024

But his robust experience gives him a unique knowledge base for directing Mr. Cooper’s affairs in 2025. Andrew Bon Salle Bon Salle’s three decades of experience spans “capital markets, risk management securitization and mortgage policy leadership,” according to Mr. Cooper.

Business 301

Business Contracts Government Lending 301

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is now in good standing with the CDFI Fund and its next planned certification review is not until 2025, the originator said. “We

Lending 435

Lending Finance Legal Contracts 435

Housing Wire

JULY 12, 2022

Nonbank lender loanDepot is making what appears to be the largest series of cuts in the mortgage industry this year, eliminating 4,800 jobs over the course of 2022. “After two years of record-breaking volumes, the market has contracted sharply and abruptly in 2022. As of July 12, the company had 8,500 employees.

Real Estate 79

Real Estate Contracts Mortgage Lending 79