Housing Wire

JUNE 12, 2024

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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Housing Wire

FEBRUARY 3, 2025

The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Is the seller subject to a probationary review?

Mortgage 418

Mortgage Contracts Insurance Sellers 418

Housing Wire

JANUARY 28, 2025

We transfer ownership by private contract between parties; no advance government approval is required. By contrast, many European countries have a centralized, government-managed land registration system, which requires government review before property transfers are effective. Among the many benefits of the U.S.

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Insurance Legal Government HOA 418

Housing Wire

DECEMBER 18, 2024

Meanwhile, government loan activity increased across all loan types, excluding U.S. 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.

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Mortgage Contracts Government Inventory 393

Housing Wire

FEBRUARY 5, 2025

“The average loan size for a purchase loan has increased since the start of the year and continued that trend last week with weaker government purchase activity, which reached $447,300, the highest level since October 2024,” he said. Kan added that purchase activity had a rougher week. of total applications compared to 37.1%

Contracts 350

Contracts Mortgage Government Marketing 350

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

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Contracts Investors Sellers Lending 367

Housing Wire

MARCH 6, 2025

is being closely watched amid widespread layoffs of federal government workers. Sweeping cuts by Elon Musks DOGE agency have sent many government employees packing, while other staff need to find housing in the area to comply with return-to-work mandates. The housing market in Washington D.C. housing market. 7: 596 Week of Feb.

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Inventory New Listings Government Housing Market 295

Housing Wire

MARCH 24, 2025

The company defined privately listed sales as those that were marketed privately and were evidently only submitted to the MLS once a purchase contract was in place. To conduct its study, Zillow analyzed 2.72 million sales transactions, comparing homes that sold on the MLS with privately listed sales.

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Sellers Real Estate Agents Realtors 501

Housing Wire

APRIL 5, 2023

But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. Meanwhile, the conventional space – not offered or secured by a government entity – registered a 2.7% Department of Agriculture (USDA) and Department of Veteran Affairs (V.A.)

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Government Mortgage Housing Market Retail 435

Housing Wire

FEBRUARY 24, 2025

There are fewer immediate sales that go directly into contract. The current thing to keep an eye on is whether a lot of federal government chaos leads to greater unemployment or financial distress for Americans. This week the median price of the new contracts came in at $385,000. Unsold new listings amount to 4.8%

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Inventory New Listings Sellers Contracts 492

Housing Wire

FEBRUARY 3, 2025

Home prices contract The median price for home sales contracts entered this week was at $389,700. Consider a scenario where the government follows through with these tariff threats , and at the same time reduces government spending. This week bucked the trend with a little positive move to 56,000 new contracts started.

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Sellers Inventory New Listings Contracts 406

Housing Wire

OCTOBER 28, 2024

While Monestier, who reportedly sold her Rhode Island home in 2022 and is part of the affected class, believes sellers were paying “inflated commissions,” she feels that prior to the settlement changes going into effect, the rules governing the industry were “clear and confusion did not reign supreme.” Following the Aug.

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Business Sellers Realtors Buyers 468

Housing Wire

DECEMBER 11, 2024

Government loan activity saw a slight jump. MBA’s report also examined the average contract interest rates for several loan types. Refinances accounted for 46.8% of all applications, up 810 basis points (bps) from the 38.7% share a week prior. Department of Veterans Affairs (VA) loans followed suit, jumping 270 bps to 16.3%

Mortgage 397

Mortgage Contracts Government Inventory 397

Housing Wire

JULY 27, 2022

Wire and title fraud remained at all time high levels in the second quarter of 2022 while the market contracted, rates increased and fraud risk continued to rise,” FundingShield CEO Ike Suri said. The post Fraud risk continues to rise even as the market contracts appeared first on HousingWire.

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Contracts Marketing Law Agents 366

Housing Wire

JANUARY 29, 2025

Application activity was slightly weaker, primarily because of a 7% decline in refinancing across both conventional and government loans, said Joel Kan, MBAs vice president and deputy chief economist. Mortgage rates were mixed last week, and the 30-year fixed rate remained unchanged at 7.02%. from 16.5% the week prior. from 14.6%

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Mortgage Contracts Government Inventory 292

Housing Wire

MARCH 25, 2025

While some research suggests that buyers can mitigate this issue by switching agents, the report notes that recent changes that make buyer broker contracts mandatory weaken this argument. government study found that one in five adults (or 20%) has forgotten how to work out either fractions or percentages.

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Agents Buyers Sellers Real Estate 361

Housing Wire

FEBRUARY 26, 2025

They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away. government involvement The NRMLA Annual Meeting in September 2024 featured several guests from the federal governments housing arm, the U.S.

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Mortgage Government Development Business 297

Housing Wire

MARCH 8, 2025

Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand. Weekly pending contracts for the past week over the past several years: 2025: 323,456 2024: 334,017 2023: 314,696 We have a better day on purchase applications but pending home sales, nothing of note.

Mortgage 422

Mortgage Inventory New Listings Housing Market 422

Housing Wire

MARCH 14, 2025

Pending home sales ramp up yet again Altos’ weekly pending contract data offers a vantage point into the trends in the D.C. And they may be the earliest leading indicator to watch if demand for homes in DC falls because of massive government reductions, Simonsen said. housing market. supply and demand situation. Where is the D.C.

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Housing Market Marketing New Listings Inventory 344

Housing Wire

MARCH 3, 2021

“Government refinance applications historically lag the more rate-sensitive movements of conventional applications, and that was true last week, as both FHA and VA refinancing volumes increased.”. The housing market is entering the busy spring buying season with strong demand,” Kan said. from 11.2% the week prior. from 11.9%

Mortgage 545

Mortgage Contracts Government Housing Market 545

Appraisal Buzz

FEBRUARY 21, 2025

The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. During the rental period, lease-purchase agreements tend to be governed by state landlord-tenant laws.

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Landlords Tenants Contracts Law 221

Housing Wire

JANUARY 13, 2021

“Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. “Even with the rise in mortgage rates, refinancing did not slow to begin the year, with the index hitting its highest level since last March,” said Kan.

Mortgage 514

Mortgage Contracts Government Buyers 514

Housing Wire

FEBRUARY 11, 2025

But the proceeding revealed that the bill could be amended to better reflect a more narrow target than the reverse mortgage industry, namely the home equity contract or home equity investment (HEI) industry. Senate Bill (SB) 534 is positioned primarily as a consumer protection measure. The lawmaker who introduced the bill, Sen.

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Business Mortgage Contracts Investing 297

Appraisal Buzz

MARCH 24, 2025

Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. This simplistic analysis means that for a sale that went under contract at $400,000 42-days ago, the increase factor would be $400,000 X 0.000329, or an increase of $131.51 times 42-days or $5,523. 575; italics added).

Contracts 284

Contracts Appraisal Real Estate Marketing 284

Housing Wire

AUGUST 6, 2024

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

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Government Mortgage Contracts Legal 459

Housing Wire

JUNE 2, 2021

“The government purchase index declined to its lowest level in over a year and has now decreased year over year for five straight weeks. “Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said.

Mortgage 543

Mortgage Contracts Inventory Construction 543

Housing Wire

AUGUST 19, 2020

Conventional purchase applications drove last week’s increase, while applications for government loans decreased,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.13% from 3.06%. the week prior. The post Mortgage applications fall 3.3%

Mortgage 542

Mortgage Contracts Government Housing Market 542

Housing Wire

MAY 15, 2024

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. The second recommendation is a straightforward request to increase the company’s budget.

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Modernization Government Contracts Insurance 454

Housing Wire

MARCH 8, 2024

But government attorneys representing Ginnie Mae (GNMA) say that it doesn’t matter whether or not such verbal promises were made. In addition to denying that any such promises were made, attorneys for the government argue they are immaterial, saying that “even if such promises occurred, such promises would have no legal effect.”

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Legal Government Contracts Mortgage 488

Housing Wire

SEPTEMBER 23, 2020

However, last week Kan noted that while conventional and government refinances gained steam, FHA refis experienced a particular uptick. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) rose to 3.1% The USDA share of total applications rose to 0.6% from 3.07%.

Housing Market 537

Housing Market Mortgage Contracts Marketing 537

Housing Wire

OCTOBER 28, 2020

However, the government refinance index decreased for the first time in a month, driven by a slowdown in VA refinance activity,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3% from 3.02%. from 66.1% the week prior. from the week prior.

Mortgage 523

Mortgage Contracts Government Inventory 523

Housing Wire

MAY 26, 2021

Kan noted that refinances decreased as well — by 7%, and 9% lower year over year — driven by declines in both conventional and government refinance activity. “And purchase applications increased for the second time in three weeks, rebounding after a rather weak April with mostly weekly declines,” he said.

Mortgage 516

Mortgage Contracts Government Real Estate 516

Housing Wire

OCTOBER 14, 2020

“Applications for government mortgages offset some of the overall decline by increasing 3%, driven by a solid gain in government purchase applications and an 11% jump in VA refinance applications,” said Joel Kan, MBA’s vice president of economic and industry forecasting. The USDA share of total applications rose to 0.6%

Mortgage 468

Mortgage Contracts Government Buyers 468

Housing Wire

NOVEMBER 4, 2020

According to Joel Kan , MBA’s associate vice president of economic and industry forecasting, borrowers made a grab for both conventional and government refi’s. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.01% from 3%. from the week prior.

Mortgage 516

Mortgage Contracts Government Marketing 516

Housing Wire

DECEMBER 23, 2020

Purchase applications decreased for the second time in three weeks, as both conventional and government applications saw a drop-off,” Kan said. .” Kan added that overall refinance activity is 124% higher than the same period from last year, as borrowers continue to seek lower monthly payments or different loan terms.

Mortgage 538

Mortgage Contracts Government 538

Housing Wire

DECEMBER 16, 2020

In its latest weekly survey the MBA said the 30-year fixed mortgage rate dropped five points to 2.85% – due, partly, to uncertainty over the prospects of additional pandemic-related government stimulus, as well as concerns about the continued rise in COVID-19 cases across the country, according to Joel Kan, MBA associate vice president of economic (..)

Mortgage 501

Mortgage Contracts Government Buyers 501

Housing Wire

SEPTEMBER 11, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president.

Mortgage 545

Mortgage Government Contracts Lending 545