Housing Wire

DECEMBER 17, 2024

Homebuyers have become older and wealthier Young people are having a particularly hard time in the housing market. First-time homebuyers face higher barriers than ever before Affordability is near-record lows as mortgage payments for the median-priced home have reached historic highs. 26, 2025 and hear Daryl Fairweather in person.

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Housing Market Marketing Buyers Real Estate 353

Housing Wire

DECEMBER 9, 2024

If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big. After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start. Pro tip: Todays market is buyer friendly.

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Mortgage Sellers Real Estate Buyers 370

Appraisal Buzz

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the GSEs) in 2025. the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2%) from 2024. In most of the U.S., home price. Delaware: 8.5%

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Housing Wire

OCTOBER 21, 2024

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

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Housing Wire

OCTOBER 17, 2024

Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. In early October, Wells Fargo analysts wrote in a report that they “see a long runway for FICO to continue increasing its prices in mortgage and other verticals.”

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Housing Wire

DECEMBER 2, 2024

Fitch Ratings announced Monday that it has revised its outlook for the mortgage origination and servicing sector in 2025 from “deteriorating” to “improving,” reflecting forecasts of lower mortgage rates. trillion in total originations for 2025, a 28% increase from this year.

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Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. The after-repair value is the estimated full market value of a property in fully repaired condition.

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Housing Market Retail Marketing Sellers 366

Housing Wire

NOVEMBER 13, 2024

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom , homebuyers may face more challenges heading into 2025. Foreclosure Market Report on Tuesday. Attom released its October 2024 U.S.

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Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement.

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Housing Wire

FEBRUARY 29, 2024

The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. historical data, from Q1 2025 to Q3 2024. The GSEs are aiming to accelerate the publication of VantageScore 4.0

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Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. million in existing home sales in 2025.

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Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. “Our scalable tech platform is what empowers us to navigate dynamic markets with agility.

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Mortgage Clients Inventory Business 370

Appraisal Buzz

NOVEMBER 26, 2024

Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Impact of the 2024 Presidential Election: Perspectives on how the recent election may influence economic policies, industry regulations, and the real estate market in the coming years.

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Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates.

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Finance Home Value Mortgage Government 435

Housing Wire

NOVEMBER 29, 2024

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. But seniors hold onto a large portion of the nation’s housing wealth.

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Mortgage Insurance Home Value Local Properties 367

Housing Wire

DECEMBER 18, 2024

The market reacted badly to the FOMC statement and remarks by Federal Reserve Chairman Powell during the Q&A presser, sending the 10-year yield and mortgage rates higher. What he got is higher mortgage rates again. Powell didn’t seem very confident while answering some questions about inflation and the labor market.

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Mortgage Marketing Housing Market 416

Housing Wire

NOVEMBER 20, 2024

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. FICO), the company behind the widely used consumer credit-risk assessment methodology, announced an increase in its wholesale royalty for mortgage originations from $3.50 In early November, Fair Isaac Corp.

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Mortgage Loan Officers Investing Marketing 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.

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Housing Wire

OCTOBER 15, 2024

The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protection Act (TCPA) will go into effect in April 2025. The Homebuyers Privacy Protection Act of 2024, a U.S.

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Design Real Estate Mortgage Business 482

Housing Wire

JULY 23, 2024

Home price growth in the second quarter was stronger than previously anticipated, but economists at Fannie Mae believe it will likely moderate soon, closing 2024 and 2025 at annualized rates of 6.1% Fannie now forecasts the 30-year fixed rate mortgage rate to average 6.8% and 3%, respectively. in 2024 and 6.4% Credit: Fannie Mae

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Housing Wire

NOVEMBER 26, 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. There are some exceptions.

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Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. Since that point, “both Enterprises have seen encouraging growth in this critical market segment,” the FHFA said. “In

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Government Finance Business Marketing 459

Housing Wire

DECEMBER 16, 2024

The COVID-19 pandemic turned a number of nontraditional cities into housing market hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Locked-in mortgages have been widely credited with cutting off housing inventory.

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Housing Market Marketing Inventory Realtors 230

Appraisal Buzz

OCTOBER 17, 2024

Growth in 2024 and 2025 is now anticipated to be 2.0% Bond market estimates for rate cuts have moved closer to the dot plot from the Federal Reserve’s most recent Summary of Economic Projections, as a result of data revisions and recent job data. by the end of 2025. growth in 2025. in 2025 (up from 3.0%).

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Mortgage Marketing Buyers Appraisal 397

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

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Buyers Marketing Mortgage Real Estate Agent 493

Housing Wire

AUGUST 5, 2024

sent shockwaves through financial markets around the world on Monday. 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. Fears of a recession in the U.S.

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Mortgage Marketing Insurance Loan Officers 501

Appraisal Buzz

NOVEMBER 5, 2024

election and mortgage rate volatility, the mixed signals around the current state of the U.S. According to the latest numbers from the U.S. “Like much of the housing market at the moment, home prices remained relatively flat coming into the fall,” says Selma Hepp, chief economist for CoreLogic, in a statement.

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Housing Market Mortgage Buyers Appraisal 395

Housing Wire

NOVEMBER 23, 2024

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. Initially, the data showed more robust performance as mortgage rates approached 6%.

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Mortgage Inventory New Listings Contracts 514

Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? Home building is expected to increase in 2025.

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Real Estate Housing Market Marketing Realtors 230

Housing Wire

JUNE 18, 2024

Having built and led mortgage operations for nearly three decades, planning for the future stands out amongst the most challenging components a leader faces. Today’s consumer looks a lot like pre-pandemic First, how prepared are mortgage servicers for the next hardship cycle? Our history would indicate yes.

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Mortgage Technology Investors Modernization 446

Housing Wire

SEPTEMBER 30, 2024

They discuss the latest developments in the mortgage market, along with key dynamics and growth strategies for lenders as interest rates continue to fall. The conversation also covers cost-to-completion metrics, new technology and tactics strategies for making customers happy in today’s market.

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Mortgage Marketing Technology Business 459

Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.” Rates are starting to go down.

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Mortgage Sellers Technology Valuation 416

Housing Wire

OCTOBER 25, 2024

Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. The Fix-and-Flip program is great to serve to investors and tap into that market.

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Investors Construction Training Realtors 448

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales.

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Housing Market Marketing Buyers Real Estate 370

Housing Wire

OCTOBER 17, 2024

economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. in 2024 and 2% in 2025. by the end of 2025.” in 2025, slight adjustments to their previous forecasts of 6.1% by the end of 2025.” in 2023 to 2.3%

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Sellers Mortgage Buyers Business 511

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. As part of our tracker, we focus on purchase application data, and I am always looking to see what level of mortgage rates gives us growth in purchase apps. However, that didn’t happen.

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Mortgage Housing Market Inventory Contracts 492

Housing Wire

JUNE 26, 2024

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. FOA added that more than 90% of the parties to the 2025 unsecured debt agreement agreed with the restructuring.

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