Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Purchase mortgage applications are up for five weeks in a row. It seems like mortgage rates are getting closer to 6% are shaking loose a few transactions. Pending home sales climb There are 362,000 single-family homes under contract.

Mortgage 439

Mortgage Contracts Inventory New Listings 439

Housing Wire

SEPTEMBER 8, 2022

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. The lender has a contract with Moder , the business outsourcing arm of Archwell Holdings , sources said.

Mortgage 514

Mortgage Loan Officers Clients Investing 514

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Mortgage 390

Mortgage Buyers Contracts Finance 390

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. I discussed this on Yahoo Finance this morning. However, that didn’t happen. million in October.

Mortgage 411

Mortgage Housing Market Inventory Contracts 411

Housing Wire

AUGUST 6, 2024

Mortgage rates are dropping fast. Mortgage rates are now the lowest they’ve been in over a year. Last year at this time, mortgage rates were rising, eventually peaking at 8% in October 2023. Are we past the opportunity for declining mortgage rates to help demand and pick up home sales in 2024? This makes sense, of course.

Mortgage 473

Mortgage Inventory New Listings Contracts 473

Housing Wire

DECEMBER 30, 2024

Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. In fact, at $2,290, the typical mortgage payment for homebuyers is starting this next year at the highest level ever. The elephant in the room is affordability. Each line is a year.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

JUNE 6, 2024

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. 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

OCTOBER 7, 2024

After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back up over 6.5%. Mortgage rates bounced back up over the last couple days, and it demonstrates how fragile this housing market recovery could be. Conversely, if mortgage rates don’t stay low, we’ve seen homebuyers very willing to wait.

Housing Market 438

Housing Market Marketing Mortgage Contracts 438

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 461

Mortgage Renovations Appraisal Process Finance 461

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. But a senior HUD official in mid-July stated the obstacles to providing small-dollar mortgages, instead of giving solutions.

Mortgage 389

Mortgage Finance Lending Development 389

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

SEPTEMBER 23, 2020

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Now before you respond, just read the rest as to why. You must be wrong.”

Mortgage 540

Mortgage Investors Buyers Finance 540

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. That’s ok — very few people are looking at the data without an agenda.

Mortgage 517

Mortgage Inventory New Listings Retail 517

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 422

Lending Mortgage Government Finance 422

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We’re not huge, but we’re not small either.”.

Mortgage 469

Mortgage Technology Investing Investors 469

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? We don’t have that variable this year and spreads have improved earlier than I thought, which has helped mortgage pricing.

Mortgage 498

Mortgage Inventory New Listings Housing Market 498

Housing Wire

SEPTEMBER 1, 2024

The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. However, as mortgage rates have fallen recently , I haven’t been able to hit my targets, which isn’t a surprise.

Inventory 506

Inventory Mortgage New Listings Housing Market 506

Housing Wire

DECEMBER 28, 2024

Now, as we look ahead to 2025, the market is in a much better position if mortgage rates fall toward 6%, something that wasnt the case before. Rising mortgage rates often lead to an increase in the percentage of homes, reducing their prices. This is something to monitor, especially if mortgage rates continue to rise into 2025.

Inventory 506

Inventory Housing Market Marketing New Listings 506

Housing Wire

SEPTEMBER 6, 2023

Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. 1, mortgage applications dropped 2.9% from the prior week , according to data from the Mortgage Bankers Association. Meanwhile, the adjustable-rate mortgage (ARM) share of activity decreased to 6.7%

Mortgage 446

Mortgage Contracts Inventory Buyers 446

Housing Wire

DECEMBER 18, 2024

Mortgage applications declined 0.7% 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Adjustable-rate mortgage (ARM) activity remained steady at 5.3%

Mortgage 298

Mortgage Contracts Government Inventory 298

Housing Wire

JUNE 12, 2024

Mortgage applications shot up 15.6% from one week earlier , according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending June 7. The refinance share of mortgage activity increased to 35.2% The adjustable-rate mortgage (ARM) share of activity decreased to 6.3% from 13.2%

Business 380

Business Mortgage Contracts Inventory 380

Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. Origination volume forecast for 2024 Fannie Mae forecasts the total single-family mortgage originations volume to be $1.98 million in Q4 2023.

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

NOVEMBER 27, 2024

Mortgage applications rose 6.3% 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign for mortgage lenders heading into the typically slow Thanksgiving holiday.

Mortgage 308

Mortgage Contracts Government Inventory 308

Housing Wire

DECEMBER 11, 2024

Mortgage applications increased 5.4% 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks. share a week prior.

Mortgage 338

Mortgage Contracts Government Inventory 338

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 466

Mortgage Loan Officers Finance Buyers 466

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. Presented by: FundingShield.

Mortgage 357

Mortgage Finance Retail Business 357

Housing Wire

JANUARY 17, 2024

David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died. He left government service and became president of the Mortgage Bankers Association.

Finance 482

Finance Loan Officers Real Estate Development 482

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. Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of experience in the financial services and mortgage arenas.

Mortgage 310

Mortgage Finance Investing Contracts 310

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week.

Mortgage 400

Mortgage Contracts Inventory Marketing 400

Housing Wire

SEPTEMBER 20, 2023

In the week leading up to the Federal Open Market Committee meeting, mortgage applications finally ticked up. 15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 31.6% For the week that ended Sept.

Mortgage 422

Mortgage Inventory Contracts Buyers 422

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%.

Housing Market 434

Housing Market Mortgage Marketing Contracts 434

Housing Wire

DECEMBER 16, 2020

United Wholesale Mortgage is facing a potentially ugly court battle from a few of its own constituents. Three mortgage brokers in California claim that UWM pulled the rug out from beneath them in March when it changed the commission structure on mortgages that were quickly paid off by borrowers. in March 2020.

Mortgage 448

Mortgage Investors Clients Contracts 448

Housing Wire

JUNE 5, 2024

Mortgage demand keeps on falling. Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. The refinance share of mortgage activity decreased to 31.1% the previous week.

Mortgage 381

Mortgage Government Contracts Lending 381

Housing Wire

JANUARY 26, 2022

Mortgage applications fell 7.1% from the previous week, following an increase in rates to the highest level since the pandemic onset, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. For jumbo mortgage loans (greater than $647,200), rates went to 3.56% from 3.54% the week prior.

Mortgage 352

Mortgage Government Contracts Lending 352

Housing Wire

OCTOBER 12, 2022

has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. The financing arrangement was also dated June 3, 2020. It originated a mortgage volume of $21.7 trillion in 2023.

Lending 372

Lending Contracts Finance Mortgage 372

Housing Wire

SEPTEMBER 22, 2022

Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. In exchange, the homeowner inks a contract providing the company with a slice of the homeowner’s future equity. 21, according to Mortgage News Daily.

Marketing 371

Marketing Contracts Finance Home Value 371

Housing Wire

DECEMBER 4, 2024

Mortgage applications increased 2.8% 29 as borrowers took advantage of improved inventory levels and the lowest mortgage rates in a month, according to data released Wednesday by the Mortgage Bankers Association (MBA). Adjustable-rate mortgages (ARMs) accounted for 6% of applications last week, compared to 6.6%

Mortgage 327

Mortgage Inventory Government Contracts 327