Housing Wire

JUNE 6, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders. In 2023, Celink renewed subservicing deals with major reverse mortgage lenders including Finance of America and Mutual of Omaha Mortgage.

Mortgage 448

Mortgage Contracts Investors Investing 448

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

Marketing 493

Marketing Contracts Supply Chain Project Management 493

Housing Wire

MARCH 4, 2025

The takeaway from the pending sales numbers is that it takes roughly 35 days on average for sales to close, so homes in contract now will generally close in March, Simonsen wrote. We know there are fewer homes in contract than last year at the end of February so we have visibility that home sales for Q1 2025 will come in below Q1 2024.

Mortgage 481

Mortgage Contracts Buyers Housing Market 481

Housing Wire

DECEMBER 30, 2024

Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S. Well see another week of inventory contraction this week with New Years mid-week. Total pendings increase When we look at sales volumes, there are 269,000 single-family homes under contract. fewer than a week prior.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

JANUARY 17, 2024

The real estate finance community mourns the loss today of one of its great leaders and fiercest advocates,” current MBA President Bob Broeksmit said in a statement Wednesday morning. a financial services consulting firm focused on real estate finance. He left government service and became president of the Mortgage Bankers Association.

Finance 493

Finance Loan Officers Real Estate Development 493

Housing Wire

MAY 13, 2024

New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract. Pending sales The total count of homes under contract is just barely above that of May 2023. And there are only 2% more homes in contract now than a year ago.

New Listings 501

New Listings Contracts Inventory Sellers 501

Housing Wire

NOVEMBER 1, 2023

16, Gifford said that Redwood stopped buying home equity investment (HEI) contracts prior to the launch of Aspire. Gifford also specified that Redwood was buying HEI contracts from different parties in the space and then pulled back from its commitments. During a phone interview with HousingWire on Oct.

Investors 448

Investors Investing Contracts Loan Officers 448

Housing Wire

JULY 23, 2024

The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. The surveyed agents also noted that affordability was the No.

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The two companies issued the first-ever securitization backed entirely by HEIs in 2021, a bet that rising home-price appreciation can benefit consumers in the short-term and investors in the long-term.

Investing 435

Investing Finance Contracts Insurance 435

Housing Wire

DECEMBER 18, 2024

MBA data also showed that average contract interest rates across loan types increased during the week. Contract interest rates for 15-year fixed-rate loans increased by 3 bps to 6.15%, following a period of stagnation a week earlier. Rates for 30-year jumbo loans (balances above $766,550) grew by 7 bps to 6.86%.

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

FEBRUARY 23, 2024

TCB claims that it dealt with Ginnie Mae in good faith, having lent “millions of dollars in much-needed financing to help the collapsing [RMF] continue making payments to senior citizens as part of a mortgage program critical to the federal government.”

Government 444

Government Contracts Finance Lending 444

Housing Wire

AUGUST 19, 2024

CFA never supported this requirement and advocated instead for early disclosure of prices with a signed contract before the first offer. The timing of this signing and unreadable anti-consumer buyer contracts developed by the industry have created unnecessary confusion.

Real Estate 459

Real Estate Sellers Buyers Agents 459

Housing Wire

JULY 26, 2024

Whether you’re a year away from selling or hoping to close in a few months, a timeline is important for all parties, especially if your family member needs to sell an existing home, secure financing, and arrange moving details. Discuss financing. Does your buyer need to secure a mortgage ? Are they buying with cash?

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

OCTOBER 18, 2024

But the PPG serves as a backup contract that requires Calque to purchase the home at an agreed-upon price if they can’t sell it within 150 days. Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.”

Mortgage 448

Mortgage Buyers Contracts Finance 448

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. We are honored to have him lead our expanding mortgage financing efforts,” David Shapiro, EquiFi’s CEO and founder, said in a statement.

Mortgage 396

Mortgage Finance Investing Contracts 396

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. In November 2023, Redwood Trust partnered with Point to close on a $139 million bond secured by 1,577 home equity investment contracts.

Investing 448

Investing Investors Contracts Insurance 448

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.”

Lending 448

Lending Mortgage Finance Government 448

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Pending home sales climb There are 362,000 single-family homes under contract. We’re showing 6% more homes in contract now than last year. Homes stay under contract for 30 to 40 days. The rate of home sales is picking up!

Mortgage 459

Mortgage Contracts Inventory New Listings 459

Housing Wire

NOVEMBER 21, 2024

We can track demand faster with our weekly pending contract prints, so it shouldn’t have been a surprise that we had some growth in today’s report. I discussed this on Yahoo Finance this morning. Remember, purchase application data takes about 30-90 days to hit the existing home sales report.

Mortgage 493

Mortgage Housing Market Inventory Contracts 493

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 397

Lending Business Retail Client Relationships 397

Housing Wire

OCTOBER 28, 2024

The firm has taken heat in recent months from its investors, who felt that the company’s finances were being mismanaged due to its continued losses in quarterly earnings. The Alexanders’ firm, Official Partners , is now brokered with Side and is currently facing a lawsuit from Side that deals with an alleged breach of their contract.

Brokerage 433

Brokerage Realty Contracts Investors 433

Housing Wire

MAY 15, 2024

CHLA also seeks pay scale comparability, a flexibility it says is enjoyed by other federal agencies including the Federal Housing Finance Agency (FHFA) and the Federal Deposit Insurance Corp. Finally, flexibilities afforded to other federal agencies should be extended to Ginnie Mae to enable quicker hiring and contract procurement.

Modernization 456

Modernization Government Contracts Insurance 456

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 435

Contracts Brokerage Law Real Estate Agent 435

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Pending sales make a surprising jump Here’s the surprising data point that stands out: Each week, we’re seeing more new contracts started than last year at this time. We had 52,000 new pending sales this week.

New Listings 508

New Listings Contracts Inventory Real Estate 508

Housing Wire

OCTOBER 25, 2024

Liebowitz previously founded and led businesses in the insurance and finance sectors. In recent months, Lorber has taken heat from some of the brokerage’s investors, who felt that he was mismanaging the company’s finances due to its continued losses in quarterly earnings. based producer of printing ink.

Brokerage 386

Brokerage Finance Agents Real Estate 386

Housing Wire

JUNE 4, 2024

Supreme Court rejected a challenge to its funding mechanism in mid-May, the Consumer Financial Protection Bureau (CFPB) is now targeting the use of what it deemed ”unlawful or unenforceable” terms and conditions in contracts. On Tuesday, the U.S.

Legal 447

Legal Contracts Law Lending 447

Housing Wire

AUGUST 27, 2024

Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the fintech will purchase it at an agreed-upon price, the company said in a release Tuesday.

Contracts 467

Contracts Real Estate Agent Real Estate Buyers 467

Housing Wire

SEPTEMBER 21, 2023

Our sales team can get the pre-approval out at 8:35, away from their desks, all within this robust tool that will help them hustle smarter for our partners and deliver contract winning speed to our amazing customers,” Guaranteed Rate’s president & CEO Victor Ciardelli, said in a prepared statement. Agents submitting an offer at 8:30pm?

Open Houses 435

Open Houses Contracts Finance Tools 435

Housing Wire

NOVEMBER 16, 2023

The CDFI certification is given by the Treasury Department CDFI Fund to lenders providing financial services to low-income communities and people who lack financing. But at least 60% of a lender’s financing must target these borrowers.

Lending 447

Lending Finance Contracts Development 447

Housing Wire

AUGUST 25, 2024

Agently Brokerage pricing: $459 per month for up to 20 users Contract required: None Integrations: Follow Up Boss, Sierra Interactive, kvCORE, Chime Agently is a gamified agent productivity app that simplifies agent onboarding, accountability and training to help agents stay motivated to hit sales goals. Here are our three top picks for 2024.

Real Estate 435

Real Estate Brokerage Contracts Training 435

Housing Wire

MARCH 21, 2024

Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data. By contract, the country’s top 50 lenders as a whole saw volumes fall by more than 50% during the same period.

Lending 447

Lending Retail Contracts Construction 447

Housing Wire

OCTOBER 24, 2023

Housing supply shows no signs of easing There were 325,000 single-family homes in the contract-pending stage, or 6% fewer home sales than last year. Meanwhile, we saw 55,000 new contracts for single-family homes this week. There are fewer sellers now than any recent year. That’s 1,000 more sales than the same week last year.

Contracts 488

Contracts Inventory New Listings Housing Market 488

Housing Wire

SEPTEMBER 9, 2024

For every two homes going into contract each week, there’s a third withdrawn for lack of an offer. With another 12,000 new listings that are already in contract. Pending home sales keep a lid on inventory For each of the new contracts pending, there’s a third home withdrawn from the market. The other reason is the withdrawals.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. Soaring mortgage rates stifle buyer demand There are only 319,000 single-family homes in the contract- pending stage.

New Listings 511

New Listings Inventory Contracts Housing Market 511

Housing Wire

MARCH 2, 2023

He joined Ginnie in March 2022 following a stint as supervising attorney advisor for the Federal Housing Finance Agency (FHFA). He was appointed to principal executive vice president in January 2023. The position is based in Washington, D.C.

Government 397

Government Finance Contracts Insurance 397