Appraisal Buzz

OCTOBER 30, 2024

“Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” said Lawrence Yun, Chief Economist for NAR. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

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Contracts Buyers Inventory Mortgage 418

Housing Wire

DECEMBER 23, 2024

A coalition of six organizations representing mortgage companies and borrowers has sent a letter to the Federal Housing Administration (FHA), urging the extension of the current loss-mitigation waterfall to February 2026 while updates to the agencys servicing handbook are discussed and implemented.

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Housing Wire

SEPTEMBER 26, 2023

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day.

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Mortgage Investors Finance Technology 397

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule goes into effect on March 1, 2026, according to the CFPB. Editor’s note: This story was updated to include comments from the Mortgage Bankers Association.

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Mortgage Renovations Property Taxes Finance 312

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

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Mortgage Buyers Inventory Technology 482

Housing Wire

DECEMBER 13, 2023

For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S. When Treasury yields go down, so do mortgage rates.

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Inventory Housing Market Mortgage Law 488

Appraisal Buzz

DECEMBER 6, 2024

for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI). On average, the panelists expect existing home sales to remain sluggish for another year, new home sales to trend slightly upward, and mortgage rates to remain elevated but modestly decline over the course of the year to 6.3%. in 2025 and 3.6% for 2024, 3.1%

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Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

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Mortgage Inventory Marketing Finance 505

Appraisal Buzz

JANUARY 14, 2025

Originators must account for property tax estimates when calculating debt-to-income (DTI) ratios, a critical factor in determining mortgage eligibility. Economists predict further slowing in 2025 and 2026 as elevated mortgage rates and four years of rapid appreciation curb demand.

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Property Taxes Government Mortgage Buyers 435

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 Within the congressional justifications for the U.S.

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Mortgage Insurance Training Government 360

Housing Wire

JUNE 17, 2024

From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. During the years when boomers turned 30, the share of median household income needed to make the typical mortgage payment averaged 33.2%, the highest of any living generation,“ the report explained.

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Housing Market Property Taxes Inventory Buyers 491

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025. million in 2025.

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Housing Market Marketing New Listings Home Value 366

Housing Wire

NOVEMBER 27, 2023

The Mortgage Bankers Association (MBA) this week appeared to relay caution to its members about the announcement from the Federal Housing Finance Agency (FHFA) last week that it had published a new, final rule on the Enterprise Regulatory Capital Framework (ERCF) related to commingled securities. 27 advocacy update. “The 27 advocacy update.

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Government Tools Finance Mortgage 409

Housing Wire

OCTOBER 22, 2024

financial system, including the mortgage sector. Announced on Tuesday, the new rule mandates that financial providers — including banks, credit card issuers and mortgage companies — share personal financial data for free with their peers when customers request it. billion in assets — have until April 1, 2030.

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Advertising Mortgage Technology Lending 364

Housing Wire

MAY 10, 2023

At that point, Home Point said it would manage its balance sheet and mortgage servicing rights ( MSR ) portfolio. Per the transaction, Mr. Cooper is acquiring all outstanding shares of Home Point and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. billion in 2022, a 71.6%

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Legal Sellers Inventory Mortgage 386

Appraisal Buzz

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the GSEs) are issuing updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) –the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the GSEs.

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Insurance Finance Mortgage Real Estate 368

Housing Wire

NOVEMBER 20, 2024

Mortgage rates are a tricky variable in any forecast, particularly at this moment when the Federal Reserve may be slowing its roll on future interest rate cuts. HousingWire assumes mortgage rates will stay in a range between 5.75% and 7.25%. million) and the Mortgage Bankers Association (4.3 HousingWire’s expectation of 4.2

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Marketing Inventory Housing Market Realtors 345

Housing Wire

FEBRUARY 1, 2024

His term is scheduled to last until the company’s 2026 annual meeting of stockholders. Rocket Mortgage ranked as the third-largest lender in the U.S. billion, according to data from Inside Mortgage Finance (IMF). Rocket’s expansion of its board started after it added Krishna in December. billion, down from $22.2

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Technology Finance Investing Mortgage 390

Housing Wire

NOVEMBER 5, 2024

“The subsequent upgrade of the ratings reflects FOA’s improved financial and operating flexibility following the debt exchange as refinancing risk has been reduced and near-term liquidity needs are limited given the extension of debt maturities to 2026,” Fitch said. FOA is set to announce its third-quarter earnings on Wednesday. “‘The

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Valuation Finance Mortgage Investing 270

Housing Wire

JULY 10, 2024

Credit rating agency Fitch announced this week that its long-term issuer default rating (IDR) for Finance of America , the reverse mortgage industry’s leading lender, has been downgraded from “CCC+” to “C” following the announcement of a debt restructuring plan that staves off maturity risk beyond 2025.

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Finance Mortgage Design Marketing 365

Housing Wire

AUGUST 1, 2023

With the deals, Mr. Cooper has moved closer to its $1 trillion mortgage servicing rights (MSR) portfolio target. Mr. Cooper is paying $324 million in cash and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. “The of the total). The deal was announced in February.

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Investors Design Insurance Investing 369

Housing Wire

JUNE 18, 2024

The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments. The offering can be increased by $12.75

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Housing Wire

DECEMBER 16, 2024

billion acquisition of Black Knight, ICE now commands a roughly 70% share of the mortgage technology market, so whatever it does affects the entire industry. 1, 2025, and, come May 1, 2026 , those who insist on clinging to the SDK will do so under a modest monthly fee schedule. Following its $11.9 Theres nowhere for Luddites to hide.

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Mortgage Clients Technology Tools 238

Housing Wire

NOVEMBER 21, 2023

The final rule is primarily related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies and derivatives and cleared transactions. for multifamily mortgage exposures secured by properties with certain government subsidies. The final rule goes into effect Apr.

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Government Contracts Tools Mortgage 328

Housing Wire

OCTOBER 2, 2022

According to United Wholesale Mortgage (UWM) CEO Mat Ishbia, who rallied brokers at the Association of Independent Mortgage Experts (AIME) Fuse conference in Las Vegas on Saturday, the next year and a half will be a proving ground that will level set the market for brokers, and only some will come out winners.

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Business Retail Mortgage Brokerage 347

Housing Wire

DECEMBER 29, 2023

Krishna will serve “for a term expiring at the company’s 2026 annual meeting of stockholders and until his successor is elected and qualified, subject to his earlier death, resignation, retirement, disqualification or removal.”

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Technology Tools Finance Clients 305

Housing Wire

MAY 12, 2023

In the first quarter, Home Point’s origination and servicing businesses were in the red amid declining production volumes and a negative change in the fair value of its mortgage servicing rights (MSR). The company failed to adjust to a landscape of high mortgage rates, low inventory levels and fierce competition. billion in Q4 2022.

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Buyers Inventory Business Mortgage 351

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. And 2025 and 2026 will be off the charts. mortgage lender.

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Retail Inventory Mortgage Loan Officers 346

Appraisal Buzz

SEPTEMBER 25, 2024

Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two years, particularly in the purchase market. While this has helped maintain economic strength, it has also suppressed mortgage origination volumes.

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Mortgage Buyers Appraisal Marketing 195

Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. In fact, mortgage applications picked up in the week leading up to the Fed meeting, signaling a wave of optimism. However, at Mortgage News Daily , mortgage rates were higher on Tuesday, at 7.30%.

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Housing Market Mortgage Landlords Marketing 429

Housing Wire

NOVEMBER 7, 2023

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Its mortgage business outperformed the broader origination market and the company reduced cash burn, putting the firm on track to its goal of reaching non-GAAP profitability by next year.

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Investors Mortgage Business Technology 351

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. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), FOA was the No.

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Finance Retail Design Mortgage 319

Housing Wire

AUGUST 5, 2024

By this, I mean the number of mortgage applicants who could benefit from either credit repair or credit optimization. We have found it difficult to get any solid statistics on the number of mortgage applicants who could be helped by credit repair. For these borrowers, just qualifying for a mortgage could be a life-changing outcome.

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Tools Mortgage Insurance Investing 409

Appraisal Buzz

SEPTEMBER 18, 2024

The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. Last week, Freddie Mac reported the 30-year, fixed-rate mortgage (FRM) at its lowest point since February 2023 , when they averaged 6.20%. A year ago at this time, the 30-year FRM averaged nearly a full percentage point higher at 7.18%.

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Investors Mortgage Buyers Real Estate 435

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. In late July, FOA also posted an infomercial featuring Selleck to its YouTube channel.

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Finance Investors Business Mortgage 327

Inman

DECEMBER 29, 2023

The mortgage lending giant's board of directors has been expanded from seven members to eight to accommodate the move. Krishna's term will expire at the company's 2026 annual meeting.

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Lending Mortgage Government 173

Housing Wire

JUNE 28, 2023

In addition, Mr. Cooper is assuming $500 million in outstanding Home Point 5% senior notes due in February 2026, per the deal announced in May. Cooper’s agreement to acquire Home Point Capital, which also includes the payment of $324 million in cash. Heisman Merger Sub , a subsidiary of Mr. Cooper Group, is paying $2.33

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