Housing Wire

JUNE 13, 2024

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.” For us, this is much more than a rebrand of the initiative.

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Housing Wire

JUNE 11, 2024

The new notes are guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 million in aggregate principal of 2028 senior notes held by Artemis Management LLC. Another 68% have indicated their intent to participate.

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Housing Wire

SEPTEMBER 28, 2023

FTC sued ICE earlier this year alleging the two top mortgage technology providers would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. Full year 2023 ICE Mortgage Technology (IMT) revenues including the legacy IMT business and pro forma for Black Knight are expected to be between $2.05

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Appraisal Buzz

SEPTEMBER 23, 2024

The education continues Thursday with a deep dive into the commercial mortgage sector during the “Commercial REO Foreclosures with Chavez & Associates” session. trillion 2024-2028 commercial property inventory wave of loans coming due, which many are currently in default. This workshop will cover how to source and tap into the $2.94

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Appraisal Buzz

JUNE 17, 2024

New American Funding , a national mortgage lender, has launched NAF Black Impact, formerly known as NAF Dream, a program that empowers and supports the Black community in its pursuit of homeownership. To this end, NAF has committed to extending $20 billion in new mortgages to Black homebuyers by the year 2028. “We

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Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. After the Fed rate cut, mortgage applications jumped 9% in a week. Hold on, there!

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Will Springer Realtor

AUGUST 29, 2023

The math: 4% a year x 5 years = 20% price appreciation; 20% of $800,000 is $160,000, or $960,000 for the same home in 2028 x 3.5% = a down payment of $33,600. However, the amount required to pay for the same home in five years – after it appreciates about 4% each year – would be $33,600.

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Will Springer Realtor

OCTOBER 10, 2024

The Washington State Housing Finance Commission backs two important mortgage programs for lower-income households. Nearly a quarter of them expect to need financial support from family in retirement and one in five believes they will need housing support. >> The mortgage lock-in effect over the past two years has caused 1.72M fewer U.S.

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Will Springer Realtor

JUNE 11, 2024

>> The impact of high mortgage rates prevented 23,250 home sales in Seattle metro between mid-2022 and the end of 2023, according to research from the Federal Housing Finance Agency. The typical homeowner in our area is enjoying a mortgage rate of 3.7% The national tenant-occupancy rate was 94.1% after a 2.5%

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Housing Wire

DECEMBER 13, 2024

While the mortgage industry debates the future of Fannie Mae and Freddie Mac under the incoming Trump administration , the Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises (GSEs) could benefit the U.S. Department of the Treasury in most scenarios.

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Will Springer Realtor

DECEMBER 17, 2024

With mortgage rates set to edge downward, home prices expected to rise only modestly, and sales ticking up bit by bit, the stage is set for a measured recovery in our region. The housing markets 2025 motto? Slow and steady wins the race. But dont expect fireworks; this is more of a candle flickering to life. Onward to 2025 and step on it!

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Housing Wire

AUGUST 1, 2024

Overall, they believe that Donald Trump and Kamala Harris — the presumptive nominee after President Joe Biden dropped out of the race — have the same correct diagnosis of the main issues affecting today’s housing market: high mortgage rates and a low supply of listings.

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