Housing Wire

OCTOBER 9, 2024

After reaching their highest level since July 2022 , mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. According to weekly data released Wednesday by the Mortgage Bankers Association (MBA), applications shrank 5.1% of new applications.

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Mortgage Government Retail Contracts 458

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. Occasionally, U.S.-based Why make the trip? they explained.

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Contracts Advertising Real Estate Agent Mortgage 293

Housing Wire

JULY 27, 2022

The Department of Justice and the Consumer Financial Protection Bureau are taking the fight to non-bank mortgage lenders for redlining. The two agencies revealed their new strategy to rein in mortgage discrimination on Wednesday, with a $24.4 The complaint alleged Trident Mortgage Co. ,

Loan Officers 418

Loan Officers Mortgage Law Contracts 418

Housing Wire

NOVEMBER 13, 2020

Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. You don’t want to miss out on record-low mortgage rates just because your real estate agent is not doing the legwork. Do you have any references I can contact? In today’s market, this is critical.

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Real Estate Agent Real Estate Agents Contracts 545

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. In the mortgage industry, the CFPB mentioned unlawful terms that waive borrowers’ rights that cannot be waived.

Legal 448

Legal Contracts Law Lending 448

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. A final point urges agents to not rush mortgage preapprovals before moving forward in the process.

Finance 448

Finance Agents Mortgage Loan Officers 448

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

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Retail Project Management Insurance Landlords 476

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. The most important data line for me, along with mortgage rates , is jobless claims data because I value labor data over inflation. That hasn’t happened.

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Mortgage Inventory New Listings Housing Market 505

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. This course covers real estate law, contracts, finance and ethics.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

MAY 10, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7%

Mortgage 418

Mortgage Business Contracts Lending 418

Housing Wire

MARCH 11, 2022

Lenders One Cooperative and Walmart want mortgages in your shopping cart. On Monday, the cooperative announced that it has struck a deal to lease space in Walmart stores to sell purchase mortgages, refinances, and home equity loans. Lenders One did not disclose the financial terms of the contract.

Mortgage 370

Mortgage Retail Lending Law 370

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S. economy remains hot.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Housing Wire

APRIL 28, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7%

Mortgage 370

Mortgage Business Contracts Lending 370

Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. In addition, the company did not stop collecting private mortgage insurance on time and charged late fees that were higher than the mortgage contracts allowed for.

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Law Contracts Insurance Mortgage 434

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. When the pandemic forced a shutdown of the economy, Congress gave blanket permission for any affected consumer to place their mortgage in forbearance,” Schwartz said.

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Lending Contracts Investors Technology 435

Housing Wire

FEBRUARY 7, 2022

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts. Unison also shares some of the downside if the property loses value over the course of the contract.

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Investing Marketing Contracts Investors 368

Housing Wire

AUGUST 2, 2024

The data’s accuracy plays a large role, especially when companies use AI for key decision-making processes like mortgage underwriting. Singh explains that general AI models cannot answer detailed real estate-related prompts without referring to general resources. Risk factors.

Real Estate 468

Real Estate Clients Tools Real Estate Agent 468

Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ.

Contracts 397

Contracts Lending Investing Investors 397

Housing Wire

JULY 26, 2024

Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction. Does your buyer need to secure a mortgage ? You might also consult a real estate attorney for contracts and tax implications that accompany a home sale.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

DECEMBER 13, 2022

“New home sales are holding up better than existing home sales because new home sales really took a dive during the foreclosure crisis and never fully recovered from that, and hence they had a low base reference to compare,” Yun said. Fraud risk continues to rise even as the market contracts . to $384,500.

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Realtors Mortgage Real Estate Housing Market 435

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 370

Inventory Contracts New Listings Buyers 370

Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. After the initial surge in traditional mortgage demand wore off post-pandemic, brokers were eager to replace that volume, and many turned to non-QM products as a solution.

Lending 435

Lending Loan Officers Tools Mortgage 435

Housing Wire

JUNE 17, 2024

The algorithm looks at life events, income, mortgage debt, job changes, and more, helping you generate high-quality leads more cost-effectively. The ROOF team responds to leads needing human intervention and refers leads who are ready to speak to an agent. How does Offrs’ AI-powered lead generation work? Programs like Offrs A.I.

Advertising 448

Advertising Real Estate Tools Contracts 448

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

DECEMBER 18, 2020

LIBOR is commonly used in setting the interest rate for many adjustable-rate consumer financial products and its end will affect adjustable and variable rate loans, reverse mortgages, credit cards, home equity loans, and adjustable-rate mortgages. But its end has created a scramble to adopt a new benchmark as soon as possible.

Finance 397

Finance Government Law Contracts 397

Housing Wire

MAY 27, 2022

This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner. He has also held leadership roles at Quicken Loans , now Rocket Mortgage , and Normcom Mortgage. I continue to refer to this as the best piece of advice I have ever received because it reflects two key values.

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Modernization Legal Contracts Mortgage 397

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. RMBS market.

Loan Officers 488

Loan Officers Supply Chain Mortgage Marketing 488

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They come in the forms of grants, second mortgages, deferred loans and forgivable loans. said Michael Ullmann, a producing branch leader at Movement Mortgage.

Mortgage 476

Mortgage Buyers Loan Officers Sellers 476

Housing Wire

NOVEMBER 2, 2021

The CEO pointed to existing Zillow programs including Premier Agent (which, up until relatively recently, was the company’s cash cow), mortgage origination, and the recently acquired ShowingTime. The CEO’s answer did not address how Zillow will move off the homes it has either purchased or agreed to buy.

Market Value 418

Market Value Real Estate Agent Agents Business 418

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. When reading contracts, words will always have their ordinary meaning unless defined otherwise. adjective.

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Valuation Appraisal Contracts Legal 360

Housing Wire

MARCH 3, 2022

Meanwhile, Compass is fending off with a stick trade secret lawsuits from brokerages, and even breach of contract cases from Compass’s own agents. Principal agents refer to agents either working as lone wolves or heading a team. number refers to deals Kirman did or deals Kirman and the 84 other agents did combined is not explained.

Brokerage 370

Brokerage Agents Real Estate Valuation 370

Appraisal Buzz

AUGUST 12, 2024

trillion unpaid principal balance (UPB) of mortgage loans via $35 billion of ACIS coverage with (re)insurers. billion, protecting more than $99 billion UPB of mortgage loans. Freddie Mac reports that its Single-Family Credit Risk Transfer (CRT) Program has closed its 100th ACIS (Agency Credit Insurance Structure) transaction.

Insurance 195

Insurance Contracts Investing Mortgage 195

Housing Wire

MARCH 7, 2022

We understand the process very well,” Karayaneva said, in reference to the real estate sale. “We between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. We do all the heavy lifting.”. The average time in the U.S.

Real Estate 501

Real Estate Law Inspection Agents 501

Housing Wire

FEBRUARY 22, 2023

The residential mortgage-backed securities (RMBS) market took a beating in 2022, nearly stalling as the year came to an end — on the heels of interest rates jumping more than 3 percentage points over the first half of 2022. Hunsaker made his comments in an interview last month referring to the flurry of RMBS offerings in January.

Marketing 370

Marketing Finance Mortgage Lending 370

Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. It all starts with the standard appraisal forms used in the mortgage process. There are numerous reasons for this hesitancy.

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Appraisal Design Lending Technology 397

Appraisal Buzz

JUNE 11, 2024

million in mortgage credit risk to private insurers and reinsurers. “We The covered loan pool for CIRT 2024-H2 consists of roughly 34,000 single-family mortgage loans with an outstanding unpaid principal balance (UPB) of approximately $12.1 CIRT 2024-H2 allocated $284.8 billion covered loan pool. billion in insurance coverage on $913.4

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Insurance Contracts Mortgage Business 221