Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% The post MBA: Mortgage apps decline 2.3% of total applications from 32.3%

Mortgage 449

Mortgage Contracts Retail Marketing 449

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Therefore, we will follow the agreed upon contract and win damages.”

Contracts 448

Contracts Loan Officers Lending Retail 448

Housing Wire

MAY 18, 2022

Individuals across the country put the American dream of homeownership on standby for the week ending May 13, reducing mortgage application volume by 11% compared to the prior week, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. Interest in purchases fell 15.2%, while refinances dropped 75.8%

Mortgage 417

Mortgage Contracts Retail Marketing 417

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

SEPTEMBER 25, 2024

Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA). Adjustable-rate mortgages (ARMs) accounted for 5.9% on mortgages with 80% loan-to-value ratios.

Mortgage 425

Mortgage Retail Contracts Government 425

Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Meanwhile, for jumbo mortgage loans (greater than $647,000), rates on average jumped to 4.51% from 4.40% in the same period.

Inventory 432

Inventory Mortgage Retail Contracts 432

Housing Wire

JULY 17, 2024

Mortgage applications increased 3.9% on a seasonally adjusted basis during the week ending July 12, due mainly to borrowers taking advantage of a decline in rates to refinance their home loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). As a result, mortgage rates are trending down.

Business 417

Business Mortgage Retail Contracts 417

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Purchase mortgage rates, after hitting a 13-year high of 5.27% in May, fell for three consecutive weeks, according to the Freddie Mac PMMS. year over year. .

Mortgage 417

Mortgage Inventory Contracts Retail 417

Housing Wire

FEBRUARY 23, 2022

Mortgage applications decreased 13.1% 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% retail residential mortgage applications. for the week ending Feb. of total applications last week, from 52.8%

Mortgage 417

Mortgage Retail Contracts Inventory 417

Housing Wire

JULY 13, 2022

Demand for mortgages declined for the second consecutive week, led by a dip in purchase mortgage applications — despite rates on a downward trend. The market composite index, a measure of mortgage loan application volume, decreased 1.7% for the week ending July 8, according to the Mortgage Bankers Association (MBA).

Mortgage 412

Mortgage Retail Contracts Government 412

Housing Wire

JULY 3, 2024

Mortgage applications declined by 2.6% on a seasonally adjusted basis during the week ending June 28, according to data released Wednesday by the Mortgage Bankers Association (MBA). The trade group cited upward movement in mortgage rates as the key reason why. of all activity. of activity, unchanged during the week.

Mortgage 379

Mortgage Retail Contracts Inventory 379

Housing Wire

NOVEMBER 23, 2022

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% retail residential mortgage applications.

Mortgage 417

Mortgage Contracts Retail Lending 417

Housing Wire

OCTOBER 19, 2022

Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). The MBA survey shows that the mortgage composite index for the week ending Oct. retail residential mortgage applications. from 13.5%

Mortgage 389

Mortgage Contracts Retail Marketing 389

Housing Wire

SEPTEMBER 7, 2022

Demand for mortgage loans declined last week as the markets continue to exert pressure on rates. The market composite index, a measure of mortgage loan application volume, fell 0.8% 2, compared to the previous week, according to the Mortgage Bankers Association (MBA). Refinance share of all mortgage activity increased to 30.7%

Mortgage 434

Mortgage Inventory Retail Contracts 434

Housing Wire

JUNE 22, 2024

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. For now, we just had back-to-back weeks of positive growth, with mortgage rates still around 7%.

Mortgage 396

Mortgage Inventory New Listings Contracts 396

Housing Wire

NOVEMBER 2, 2022

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. A different index measures this week’s rates higher at 7.09% , according to Mortgage News Daily. from 13.9%

Mortgage 413

Mortgage Retail Contracts Housing Market 413

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 344

Mortgage Retail Lending Law 344

Housing Wire

DECEMBER 14, 2024

The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Additionally, our pending contracts are still reflecting double-digit year-over-year growth. If we had the worst spreads from last year, mortgage rates would be about 0.60 percentage points higher today.

Mortgage 433

Mortgage Inventory New Listings Contracts 433

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S. 21 in the U.S.

Retail 409

Retail Legal Lending Business 409

Housing Wire

APRIL 13, 2024

Mortgage rates headed higher last week after the CPI inflation report , but now, with news of a wider war in the Middle East, should we expect even higher rates? 10-year yield and mortgage rates There is nothing good to report on mortgage rates from last week. The week ahead will answer some of those questions early on.

Inventory 444

Inventory Mortgage New Listings Retail 444

Housing Wire

OCTOBER 5, 2024

18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. This explains the rise in mortgage rates since the Fed cut rates.

Mortgage 482

Mortgage Inventory New Listings Retail 482

Housing Wire

MAY 4, 2022

Individuals across the country chasing the American dream of homeownership helped to push mortgage-application volume up by 2.5% The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) jumped to 4.92 for the week ending April 29, compared with the prior week.

Mortgage 363

Mortgage Contracts Retail Inventory 363

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA). last week, down from 24.4%

Government 409

Government Mortgage Housing Market Retail 409

Housing Wire

APRIL 27, 2022

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. from a year ago. from the prior week and was down 16.6%

Housing Market 395

Housing Market Mortgage Marketing Retail 395

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. “As

Mortgage 369

Mortgage Government Retail Contracts 369

Housing Wire

NOVEMBER 29, 2022

Mortgage rates dropped last week, but it wasn’t enough to spur mortgage demand. The market composite index, a measure of mortgage loan application volume, declined 0.8% from the previous week, according to the Mortgage Bankers Association. Additionally, mortgage rates for most other loan types declined,” he said.

Mortgage 349

Mortgage Contracts Retail Marketing 349

Housing Wire

FEBRUARY 5, 2024

Veteran mortgage executive James Seely has sued Guild Mortgage for allegedly failing to pay $750,000 in compensation after terminating his employment for cause by “manufacturing out of whole cloth spurious claims of Mr. Seely not working full time,” according to a recently filed lawsuit. billion in mortgage loans. 2 in a U.S.

Retail 394

Retail Contracts Loan Officers Mortgage 394

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 408

Mortgage Loan Officers New Listings Government 408

Housing Wire

AUGUST 3, 2022

Demand for mortgage loans increased last week as a troubling economic outlook led to a decline in rates, according to the Mortgage Bankers Association (MBA). Consequently, purchase mortgage rates dropped to 5.30% last week , from 5.54% in the previous week, according to the PMMS survey from Freddie Mac. than this time last year.

Mortgage 389

Mortgage Inventory Retail Contracts 389

Housing Wire

SEPTEMBER 21, 2022

Demand for mortgage loans increased for the first time in six weeks, ahead of the Federal Reserve ’s meeting on Wednesday, when observers expect at least another 75 basis points hike to the federal funds rate. The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week past week.

Mortgage 382

Mortgage Retail Contracts Housing Market 382

Housing Wire

FEBRUARY 9, 2024

A lawsuit against the “ All-In” initiative at United Wholesale Mortgage (UWM) should be dismissed, a federal judge said, citing inadequate evidence to prove accusations against the lender. UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers.

Contracts 420

Contracts Retail Lending Mortgage 420

Housing Wire

JUNE 10, 2022

Consumer direct lender Wyndham Capital Mortgage is doing a new round of layoffs, according to a Worker Adjustment and Retraining Notification (WARN) notice filed with the North Carolina Department of Commerce. Purchase mortgage rates reached 5.23% this week – and some of those same lenders are making further cuts.

Mortgage 377

Mortgage Loan Officers Retail Contracts 377

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. is likely to enter a recession,” Mike Fratantoni, Mortgage Bankers Association’s senior vice president and chief economist, said in a statement.

Mortgage 434

Mortgage Housing Market Retail Contracts 434

Housing Wire

JULY 6, 2022

Fewer applications show borrowers’ demand for mortgage loans fell this week, despite a decline in rates due to concerns of an economic recession, according to the Mortgage Bankers Association (MBA). . The survey, which includes adjustments to account for the long Fourth of July weekend, shows mortgage applications down 5.4%

Mortgage 348

Mortgage Retail Contracts Inventory 348

Housing Wire

MARCH 9, 2022

Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand for mortgages increased across the board. mortgage points. from 10.2%

Mortgage 370

Mortgage Investors Retail Contracts 370

Housing Wire

NOVEMBER 1, 2022

Caliber Home Loans is suing another direct competitor for raiding its talent pool, accusing rival Union Home Mortgage of trying to “cripple” its retail mortgage operation in the Southeast. Union originated roughly $13 billion in residential mortgages in 2021. billion in mortgage production.

Retail 283

Retail Mortgage Contracts Loan Officers 283

Housing Wire

JULY 20, 2022

Weakening economic outlook, high inflation and affordability challenges took a toll on buyer demand, leading to a drop in both purchase and refi applications last week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, declined 6.3% from 4.71% a week prior.

Mortgage 371

Mortgage Retail Contracts Buyers 371