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

DECEMBER 18, 2024

Market data at HousingWire ‘s Mortgage Rates Center showed an average fixed rate of 6.87% for 30-year conforming loans on Wednesday, a slight increase from the week ending on Dec. Meanwhile, government loan activity increased across all loan types, excluding U.S. Purchase activity was up 1% during the week. of all applications.

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Mortgage Contracts Government Inventory 395

Housing Wire

MARCH 6, 2025

The housing market in Washington D.C. 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. housing market. Lets dive in.

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Inventory New Listings Government Housing Market 344

Housing Wire

FEBRUARY 24, 2025

housing market. more homes on the market now than a year ago. By the end of May there were 38% more homes on the market than the year prior. California and Arizona have 45% more homes unsold on the market now than a year ago. Texas only has 31% more homes on the market. There are 28.7% California and Arizona are.

Inventory 495

Inventory New Listings Sellers Contracts 495

Housing Wire

MARCH 24, 2025

These off-market listings not only harm sellers, but they limit exposure to potential buyers, possibly deepening inequities that have long existed in real estate. We must maintain transparency in the housing market so we dont go back to the dark ages of real estate. To conduct its study, Zillow analyzed 2.72

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Sellers Real Estate Agents Realtors 501

Housing Wire

FEBRUARY 5, 2025

Mortgage rates moved lower last week, consistent with lower Treasury yields following the FOMC meeting and a volatile week for [the] stock market. Year over year, the unadjusted purchase index was 0.2% The 30-year fixed rate declined to its lowest level in six weeks at 6.97%, said Joel Kan, MBAs vice president and deputy chief economist.

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Contracts Mortgage Government Marketing 361

Housing Wire

FEBRUARY 3, 2025

Inventory of unsold homes on the market ticked down fractionally this week. We regard this metric, the percentage of homes on the market with price reductions from the original list price, as a leading indicator for future sales prices. of the homes on the market have taken a price cut from the original list price. About 33.1%

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Sellers Inventory New Listings Contracts 413

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

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 369

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 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 335

Housing Wire

MARCH 8, 2025

Does this indicate that the housing market is beginning to wake up just in time for spring? Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand. So while the data is better than last year, context is key. ” Labor over inflation, anyone?

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Mortgage Inventory New Listings Housing Market 451

Housing Wire

JANUARY 29, 2025

The Market Composite Index, a measure of mortgage loan application volume, decreased 2.0% 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. This weeks results for the week ending Jan.

Mortgage 332

Mortgage Contracts Government Inventory 332

Housing Wire

MARCH 17, 2025

Fluctuating interest rates have been a feature of the housing market over the last three years. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. How will the housing market change as these economic assumptions change?

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Inventory New Listings Housing Market Sellers 428

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%.

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Housing Market Mortgage Contracts Marketing 537

Housing Wire

DECEMBER 11, 2024

In addition to lower rates, purchase activity continues to be supported by sustained housing demand and inventory that continues to grow gradually in many markets,” Kan added. Government loan activity saw a slight jump. MBA’s report also examined the average contract interest rates for several loan types.

Mortgage 397

Mortgage Contracts Government Inventory 397

Appraisal Buzz

MARCH 24, 2025

Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. To guess at the time adjustment is to fail to reflect market trends truly and correctly.

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Contracts Appraisal Real Estate Marketing 284

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. Market Embraces Wave of Business Players About 2.4 Market Embraces Wave of Business Players About 2.4 million adults living in 1.2

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Landlords Tenants Contracts Law 221

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 11.9% the week prior.

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Mortgage Contracts Government Housing Market 546

Housing Wire

JANUARY 13, 2021

“Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said. decrease from last week. .

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Mortgage Contracts Government Buyers 514

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. This undermines Ginnie Mae’s ability to run a market-driven program.”

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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

FEBRUARY 18, 2025

Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. But its also a growing market , the pair added. Occasionally, U.S.-based

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Contracts Advertising Real Estate Agent Mortgage 293

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. These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories. from 66.1% the week prior. from the week prior.

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Mortgage Contracts Government Inventory 523

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.

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Mortgage Government Contracts Lending 545

Housing Wire

APRIL 21, 2021

. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. The spring housing market also saw a boost from lower rates, with purchase applications — driven by a jump in conventional applications — increasing over 5%.”

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Mortgage Contracts Government Housing Market 488

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 11.7%. from the week prior.

Mortgage 516

Mortgage Contracts Government Marketing 516

Housing Wire

JUNE 5, 2024

On an unadjusted basis, the MBA’s market composite index decreased 16% compared with the prior week as mortgage rates remain firmly above 7% and home prices continue to remain near record levels. Fratantoni noted that government purchase volume was down less, aided by growth in U.S. Mortgage applications dropped 5.2% the previous week.

Mortgage 480

Mortgage Government Contracts Lending 480

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Existing home sales also fell in August, down 15.3%

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Housing Market Contracts Government Buyers 497

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%

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Mortgage Contracts Government Buyers 468

Housing Wire

NOVEMBER 25, 2020

Joel Kan, MBA’s associate vice president of industry and economic forecasting, noted volatility in the weekly mortgage rates due to markets responding to “fiscal policy uncertainty” and a resurgence in COVID-19 cases around the country. Furthermore, purchase activity has surpassed year-ago levels for over six months.”.

Mortgage 476

Mortgage Contracts Government Marketing 476

Housing Wire

JANUARY 5, 2023

residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. . RMBS at DBRS Morningstar said in a report.

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Marketing Investors Mortgage Contracts 476

Housing Wire

DECEMBER 16, 2020

“This is perhaps a sign that more first-time buyers are entering the market,” Kan said. He added that purchase applications rose for the sixth straight week to the highest levels since June. The unadjusted purchase index also increased, jumping 0.4% from the previous week.

Mortgage 501

Mortgage Contracts Government Buyers 501

Housing Wire

OCTOBER 21, 2020

Joel Kan, MBA’s vice president of economic and industry forecasting, pointed to a rise in mortgage rates last week for why conventional and government purchase activity took a step back. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.02% from 3%.

Mortgage 482

Mortgage Contracts Housing Market Government 482

Housing Wire

MAY 5, 2021

MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan called last week’s mortgage activity “a mixed bag,” between rates , loan sizes, and government purchase applications. Both conventional and government purchase applications declined, but average loan sizes increased for each loan type.

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Mortgage Contracts Government Inventory 448

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. He added that mortgage rates have moved higher in tandem with Treasury yields. .

Mortgage 497

Mortgage Contracts Inventory Buyers 497

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. Now that a second stimulus package has been passed and two vaccines are being administered, Yun said economic growth is guaranteed, but high government borrowing will put modest upward pressure on interest rates. Presented by: WFG.

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Contracts Inventory Realtors Government 535