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 464

Marketing Contracts Supply Chain Project Management 464

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 482

Finance Loan Officers Real Estate Development 482

Housing Wire

JANUARY 14, 2025

These changes come as the Federal Housing Finance Agency (FHFA) released a paper showing that in some communities, 67% of low appraisals in Black communities and 49% in Hispanic neighborhoods could be corrected by fixing time adjustments. About 10% of appraisals come in under the contract price.

Appraisal 350

Appraisal Contracts Finance Marketing 350

Housing Wire

JANUARY 17, 2024

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. Racial disparities remained even after the time adjustment process: it brought 52% of white tract appraisals below the contract price to above the contract price.

Appraisal 406

Appraisal Contracts Finance Real Estate 406

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 408

Housing Market Marketing Contracts Finance 408

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 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

DECEMBER 28, 2024

2023: 35% 2022: 38% Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into real-time trends in housing demand. Over the last 10 weeks of the year, there has been an increase in year-over-year pending contracts compared to 2022 and 2023 despite rising mortgage rates.

Inventory 506

Inventory Housing Market Marketing New Listings 506

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 372

Mortgage Contracts Investors Investing 372

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 392

Investors Investing Contracts Loan Officers 392

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 390

Investing Finance Contracts Insurance 390

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 439

Mortgage Contracts Inventory New Listings 439

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 400

Contracts Brokerage Law Real Estate Agent 400

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 422

Lending Mortgage Government Finance 422

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 425

New Listings Contracts Inventory Sellers 425

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 410

Real Estate Sellers Buyers Agents 410

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 499

New Listings Contracts Inventory Housing Market 499

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 487

Contracts Inventory New Listings Housing Market 487

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 390

Mortgage Buyers Contracts Finance 390

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 367

Lending Business Retail Client Relationships 367

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 398

Market Value Real Estate Agent Real Estate Finance 398

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 343

Government Contracts Finance Lending 343

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 413

Open Houses Contracts Finance Tools 413

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 465

Sellers Inventory Contracts New Listings 465

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. Industry practitioners have some ideas for how HUD might make financing such loans more feasible.

Mortgage 389

Mortgage Finance Lending Development 389

Housing Wire

JULY 15, 2024

That’s a very small number of new listings that took offers and went into contract immediately. There were 58,000 new contracts this week — about the same level as the last two years over the holiday. There are 382,000 total single-family homes in contract now. These pending contracts are the proxy for what’s selling.

Housing Market 486

Housing Market New Listings Marketing Mortgage 486

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 483

New Listings Inventory Contracts Housing Market 483

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 306

Mortgage Inventory New Listings Contracts 306

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. However, we need to be mindful that existing home sales data is working from record low levels of sales, so it doesnt take much to move the needle as I discussed on Yahoo Finance recently.

New Listings 492

New Listings Inventory Contracts Mortgage 492

Housing Wire

NOVEMBER 14, 2023

Meanwhile, there are 66,000 new, single-family listings this week, with 11,000 of those already under contract. New contracts pick up year over year We saw 52,500 new contracts started this week for single-family home purchases, which is low. If rates fall, inventory will drop again as demand heats up.

Housing Market 457

Housing Market Marketing Inventory Contracts 457

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. Freddie Mac, the lone agency that has published research on the phenomenon, found that in minority neighborhoods, the appraised value was more likely to fall short of the contracted sales price.

Appraisal 459

Appraisal Valuation Finance Training 459

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 365

Investing Investors Contracts Insurance 365

Housing Wire

OCTOBER 3, 2022

He joined Rocket in 2014 and leads the accounting, finance, treasury and procurement teams. Booth’s retirement is effective November 15. Brian Brown, Rocket’s chief accounting officer, will succeed Booth as CFO and treasurer. Replacing Vitale is Tina John, the company’s deputy general counsel.

Contracts 82

Contracts Finance Business Mortgage 82

Housing Wire

JULY 6, 2022

The Federal Housing Finance Agency (FHFA) will increase its oversight of fourth parties – companies that contract with firms doing business with Fannie Mae and Freddie Mac. During contract negotiations, for example, the enterprises can include provisions for subcontractor oversight.

Supply Chain 392

Supply Chain Contracts Government Finance 392

Housing Wire

OCTOBER 7, 2024

Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Homes stay under contract for 30 to 40 days. It was just under a 1% increase this week.

Housing Market 438

Housing Market Marketing Mortgage Contracts 438

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 493

Inventory Contracts Realtors Buyers 493

Housing Wire

SEPTEMBER 7, 2023

There are only 358,000 single family homes in contract pending now. We saw 64,000 newly pending contracts last week for single family home sales which is 7% fewer than last year. So we have 11% fewer total contracts but only 7% fewer new contracts. The light portion of the bar are the new contracts that week.

Contracts 437

Contracts Inventory Buyers New Listings 437

Housing Wire

NOVEMBER 6, 2023

Additionally, there are 62,000 new listings this week, with 9,000 of those already under contract. Transaction volume no longer decreasing YoY Pending contracts saw fewer sales compared to last year until October. Now the trajectory is the same.

Housing Market 489

Housing Market Marketing Inventory Contracts 489