Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. real estate market is marked by contradictions that are leaving many confused. But there’s more to the story.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

NOVEMBER 26, 2024

The limit for federally backed reverse mortgages is increasing for the ninth consecutive year. The Federal Housing Administration (FHA) announced on Tuesday via Mortgagee Letter (ML) 2024-22 a maximum claim amount of $1,209,750 in 2025. 1, 2025, through Dec. compared to third-quarter 2023. . compared to third-quarter 2023.

Lending 370

Lending Insurance Development Finance 370

Housing Wire

OCTOBER 16, 2024

United Wholesale Mortgage (UWM) announced on Wednesday that it’s offering a conventional cash-out loan product with a loan-to-value (LTV) ratio of up to 90% and no mortgage insurance. The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 was $766,550.

Insurance 435

Insurance Mortgage Retail 435

Housing Wire

DECEMBER 16, 2024

Since the onset of the pandemic, average equity per borrower increased by about $117,000 nationally, totaling almost $312,000 per mortgaged borrower. Aggregated across borrowers with a mortgage, home equity adds up to almost $17.5 As a result, annual home equity increased by almost $22,000 per mortgaged borrower in Q3 2023.

Housing Market 370

Housing Market Valuation Design Insurance 370

Housing Wire

JULY 25, 2024

1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). It also applies to HECM loans, otherwise known as reverse mortgages under the FHA-sponsored program. The moratorium, initially scheduled to expire on May 6 after a previous extension, was pushed into August earlier this year.

Insurance 447

Insurance Development Mortgage 447

Housing Wire

FEBRUARY 5, 2024

Effective March 1, the credit will be available for homebuyers earning 50% of area median income (AMI) or less through Freddie Mac’s Home Possible and Housing Finance Agency (HFA) Advantage mortgage products. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

Mortgage 526

Mortgage Finance Insurance Government 526

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. Despite the lower sentiment score in Q3 2024, 40% of flippers are optimistic about sales and market growth going in 2025.

Investors 433

Investors Mortgage Property Taxes Inventory 433

Appraisal Buzz

JULY 24, 2024

The report highlights significant challenges faced by homeowners, mortgage entities, and the housing market as a whole due to record premium increases, ongoing new business restrictions, and carrier exits. Matic has published its mid-year premium trends study , which examines trends in homeownership from 2024’s first half. in 2023 and 5.9%

Insurance 370

Insurance Buyers Marketing Business 370

Housing Wire

MARCH 12, 2024

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. Total loan volume projected for all MMI programs for 2025 is $237.9 federal government.

Mortgage 456

Mortgage Insurance Training Government 456

Housing Wire

JUNE 12, 2024

The Mortgage Bankers Association (MBA) on Wednesday announced that Owen Lee, CEO at Success Mortgage Partners (SMP), has been nominated to serve as the association’s vice chairman for the forthcoming 2025 membership year.

Mortgage 448

Mortgage Real Estate Law Insurance 448

Housing Wire

NOVEMBER 26, 2024

Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Here’s what these the leaders of these organizations had to share: “ Traditionally, the insurable title process has been time-consuming and manually intensive, often delaying closings and increasing costs.

Real Estate 370

Real Estate Mortgage Technology Insurance 370

Housing Wire

AUGUST 5, 2024

mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchmark interest rates, along with a much weaker-than-expected jobs report. Mortgage spreads tightened at the same time, taking the Fannie Mae current coupon to 5.05%.

Mortgage 501

Mortgage Marketing Insurance Loan Officers 501

Housing Wire

DECEMBER 2, 2024

Despite being the beneficiaries of historic increases in home-price appreciation during and after the COVID-19 pandemic , older baby boomers — many of whom are approaching the age of 80 in 2025 — are now finding themselves challenged by a dearth of housing inventory that can best accommodate living in later life.

Insurance 418

Insurance Inventory Law Business 418

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. 2, 2025, and will be available through July 1, 2025.

Mortgage 459

Mortgage Legal Development Insurance 459

Appraisal Buzz

NOVEMBER 13, 2024

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.

Mortgage 410

Mortgage Technology Clients Tools 410

Housing Wire

NOVEMBER 19, 2024

The passage of the mortgage trigger lead bill as proposed in the U.S. Senate Amendment 2358 — known as the Homebuyers Privacy Protection Act of 2024 — in the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA). In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included U.S.

Mortgage 397

Mortgage Legal Law Insurance 397

Housing Wire

JANUARY 24, 2024

28, 2025, and loans delivered into MBS with issue dates on or after Mar. The credit must be provided through the transaction, such as being applied to down payment and closing costs, including escrows and mortgage insurance premiums. 1, 2024, to Feb. 1, 2024, to Feb.

Insurance 497

Insurance Government Mortgage Marketing 497

Housing Wire

JUNE 25, 2024

The Mortgage Bankers Association (MBA) this week submitted a letter to congressional leaders in the U.S. Senate , urging them to endorse full funding for Ginnie Mae in order to ensure maximum liquidity for the government-backed corporation’s mortgage-backed securities (MBS) issuers. House of Representatives and U.S.

Mortgage 390

Mortgage Government Development Realtors 390

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. market for homeowners’ insurance.

Insurance 447

Insurance Technology Lending Real Estate Agent 447

Housing Wire

OCTOBER 25, 2024

The strongest market agitator in the first half (H1) of 2025 is not likely to be either U.S. Based on the latest readings, inflation is consistently decreasing, reacting as expected to the Federal Reserve ’s interest rate hike campaign that sent mortgage rates higher than they have been since the start of the millennia.

Supply Chain 468

Supply Chain Investors Insurance Lending 468

Housing Wire

DECEMBER 18, 2024

Components such as rent, auto insurance and services, which adjust slowly, continue to influence inflation trends. The latest inflation figures signal trouble for the long-term yield curve, particularly affecting CRE [commercial real estate] borrowers close to maturity and dampening mortgage origination activity. in September to 2.5%

Real Estate 394

Real Estate Mortgage Marketing Insurance 394

Housing Wire

DECEMBER 9, 2024

In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Portside Real Estate Group CEO Dava Davin to discuss the importance of buyer consultations, brokerage leadership styles and ancillary solutions for brokerage growth in 2025. We have some fun things coming down the pike for 2025.

Brokerage 358

Brokerage Real Estate Buyers Business 358

Housing Wire

JULY 27, 2023

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. Community banks would not be impacted.

Lending 370

Lending Mortgage Insurance Modernization 370

Housing Wire

NOVEMBER 27, 2024

wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. It is available until March 31, 2025. LLPAs are fees based on a borrower’s risk profile that affect the cost of a mortgage. The company originated $39.5

Government 418

Government Finance Insurance Mortgage 418

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.

Modernization 455

Modernization Government Contracts Insurance 455

Housing Wire

JUNE 14, 2024

Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions. Last month, Incenter promoted Sara Parrish to chief operating officer as it seeks to attract independent mortgage banks as clients through its variable-cost services.

Property Taxes 445

Property Taxes Clients Development Insurance 445

Housing Wire

AUGUST 22, 2024

loanDepot added a first-lien home equity line of credit (HELOC) to its product suite that will enable homeowners without a mortgage to borrow from their home equity. “However, even without a mortgage, many feel the pinch of rising expenses, including insurance and property taxes, which put more pressure on monthly budgets. .

Property Taxes 435

Property Taxes Insurance Mortgage Lending 435

Appraisal Buzz

SEPTEMBER 5, 2024

adults nationwide show that nearly half of prospective homebuyers are having difficulty paying for basic housing expenses and that the affordability of home insurance is a key consideration in their decision to relocate. Further, the majority of Americans feel upbeat regarding the overall trajectory of the mortgage industry.

Buyers 370

Buyers Insurance Bracketing Mortgage 370

Housing Wire

JANUARY 29, 2024

The most pessimistic forecast call for a drop of 40% nationwide by the end of 2025. Meanwhile, homeowners insurance is increasingly becoming a bigger issue for consumers and servicers. The combination of higher taxes and insurance premiums has the potential of creating major shocks for millions of borrowers with escrow accounts.

Insurance 448

Insurance Real Estate Technology Clients 448

Housing Wire

JUNE 6, 2024

Doug Duncan , the chief economist at Fannie Mae , believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. economy that mortgage companies should be ready to face. at the end of 2025. Incomes are growing but at a slow pace.

Mortgage 487

Mortgage Marketing Investors Legal 487

Housing Wire

DECEMBER 5, 2024

A bill aimed at limiting the use of credit trigger leads was excluded from the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA), the Broker Action Coalition informed its members on Wednesday. Mortgage executives told HousingWire the price of credit reports is expected to increase by at least 20% next year.

Legal 334

Legal Insurance Mortgage 334

Housing Wire

OCTOBER 22, 2024

The temporary waiver, issued on Monday, applies to FHA-insured limited 203(k) mortgages closed on or before Aug. Other requirements — including the need to “conduct a damage inspection report, and other inspection and repair escrow requirements, for all properties with pending mortgages or endorsements in the PDMDAs” — remain the same.

Inspection 468

Inspection Finance Insurance Sellers 468

Appraisal Buzz

JUNE 14, 2024

Owen Lee, CEO at Success Mortgage Partners , Inc., (SMP) SMP) has been nominated to serve as the Mortgage Bankers Association’s (MBA) vice chairman for the 2025 membership year. “It Lee is also Managing Member of Title Partners, a full-service title insurance and escrow services agency.

Mortgage 150

Mortgage Technology Training Insurance 150

Appraisal Buzz

JUNE 5, 2024

This slow cooling reflects not only an increase in the quantity of properties on the market in some regions of the country, but also increased 30-year fixed-rate mortgages, which remain over 7%, a major contributor to America’s ongoing housing affordability challenges. in April 2025. below the March-to-April average.”

HOA 370

HOA Insurance Construction Inventory 370

Housing Wire

JUNE 13, 2023

Add Guild Mortgage to the list of lenders offering down payment assistance programs in order to court more buyers at a time when mortgage rates remain elevated. To qualify for the 1% down payment advantage program, buyers must have a minimum credit score of 620 and a 95 to 97% loan-to-value first mortgage.

Buyers 448

Buyers Retail Mortgage Insurance 448

Housing Wire

AUGUST 5, 2024

billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like home-based care. Massachusetts Gov. Maura Healey (D) has signed a $57.8 This is according to announcements by Healy’s office and AARP.

Transportation 448

Transportation Law Design Insurance 448

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 418

Mortgage Loan Officers Finance Investors 418