Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Naturally, this includes reverse mortgages, he explained. That role is an active one, Allen said.

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Housing Wire

OCTOBER 15, 2024

The effective date for the new rule is April 11, 2025, giving the mortgage and real estate industries roughly six months to become compliant. The new guidelines will be of interest to any mortgage or real estate company that uses these communications to solicit business. The Homebuyers Privacy Protection Act of 2024, a U.S.

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Housing Wire

FEBRUARY 6, 2025

Record-high home prices and the accompanying housing wealth gains are definitely good news for property owners, NAR chief economist Lawrence Yun , said in a statement. Despite rising prices, the monthly mortgage payment on a typical, existing single-family home (assuming a 20% down payment) was $2,124, down 1.7% in Q3 2024 and 26.5%

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Housing Wire

MARCH 7, 2025

Rich Bradford, broker associate with The Bradford Team at RE/MAX One Realty in Haddonfield, New Jersey, said the results for his local market could be even better if so many potential sellers werent locked in by low mortgage rates. That would definitely help with the sale pricing of new construction.

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Housing Wire

NOVEMBER 7, 2024

Not long ago, homeowners insurance was a minor concern for most homebuyers, real estate agents and mortgage originators. Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness.

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Housing Wire

MAY 20, 2024

which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA). The changes also include the addition of accessory dwelling units (ADUs) to the definitions of eligible properties. “A

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Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. It’s just become a more common theme.

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Housing Market Marketing New Listings Sellers 370

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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Housing Wire

MARCH 25, 2025

Today, HousingWire announced the winners of the 2025 Tech100 award, representing the most innovative and impactful tech organizations in mortgage and real estate. This year, 100 honorees were selected in the mortgage category and 100 in the real estate category, highlighting the cutting-edge solutions shaping the future of housing.

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Real Estate Technology Lending Clients 273

Housing Wire

MARCH 5, 2025

The newest weekly mortgage applications survey data, released Wednesday by the Mortgage Bankers Association (MBA) included the lowest mortgage rates in months, which created a stir in the number of applications. On-the-ground observations Loan officers say they’re seeing an increase in government loan demand.

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Housing Wire

NOVEMBER 13, 2023

Big Four title firm Old Republic is selling its mortgage insurance business to Arch Capital Group Ltd., and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business. “We are pleased to announce this definitive exit from the mortgage insurance business.

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Housing Wire

AUGUST 2, 2024

Construction employment showed a small gain, as builders continue to work to add to housing supply given the ongoing shortage,” Mike Fratantoni, the Mortgage Bankers Association’s chief economist, said in a statement. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month.

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Housing Wire

MARCH 31, 2025

Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. September 2024 was the moment when mortgage rates hit their lowest point of the last year. Those do not seem imminent. Its getting close.

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New Listings Inventory Housing Market Sellers 450

Housing Wire

JULY 10, 2024

The reverse mortgage industry has also taken notice of the potential for ADUs. It’s excellent because of the income someone will receive by having it built,” Renee Konstantine, reverse mortgage division director at EstaR Mortgage in San Diego , told RMD last year.

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Tenants Mortgage Construction Landlords 476

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. Why head into retirement with a mortgage? 5 reasons to refinance your mortgage right now. Presented by: Citi.

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Mortgage Loan Officers Real Estate Agent Realty 528

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s s reverse division to transition back into a role as a reverse mortgage broker. I think things have definitely picked up,” he said. But I think there’s definitely a lot of good momentum out there.”

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Development Mortgage Tools Loan Officers 459

Appraisal Buzz

FEBRUARY 6, 2025

According to the most recent quarterly report from the National Association of Realtors (NAR), home prices increased in nearly 90% of metro markets (201 out of 226, or 89%) in Q4 of 2024, while the 30-year fixed mortgage rate varied between 6.12% and 6.85%. Mortgage payments accounted for 24.8% to $410,100 from a year ago. With a 2.1%

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Buyers Mortgage Marketing Realtors 376

Housing Wire

AUGUST 16, 2024

Many seniors aren’t aware of a sensible financial tool that could ease their worry and help them thrive during their golden years: the home equity conversion mortgage, also called a reverse mortgage. Or, if they are aware of this option, they may view it with skepticism based on longstanding misconceptions.

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Buyers Mortgage Tools Real Estate 482

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. market share, according to Inside Mortgage Finance (IMF) estimates. billion; 5.7%).

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Mortgage Lending Business Finance 468

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Valuation Housing Market Renovations 529

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. We are definitely seeing an uptick in demand. We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We

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Mortgage Buyers Inventory Technology 482

Housing Wire

APRIL 16, 2024

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. I was wondering if you guys could explain reverse mortgages,” the listener asked the group.

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Mortgage Advertising Tools Marketing 459

Housing Wire

JANUARY 13, 2025

Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year. Bond markets have driven mortgage rates back to the highs, and home sales are suffering. Thats exactly what happened quickly. That means 4.2

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Sellers Inventory New Listings Contracts 418

Housing Wire

NOVEMBER 13, 2024

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. Wilson,” began McMinn to a hypothetical reverse mortgage customer. The whistle blew immediately.

Mortgage 370

Mortgage Home Value Insurance Tools 370

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence.

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Mortgage Lending Development Design 435

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 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

JULY 24, 2024

Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards Maintenance Organization.

Mortgage 459

Mortgage Development Lending 459

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

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Retail Mortgage Real Estate Agent Business 459

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Mortgage 435

Mortgage Technology Investors Business 435

Housing Wire

APRIL 5, 2022

But what does virtual real estate mean for real-world mortgage professionals? Virtual” real estate shares much of the same general definitions of actual real estate. Is there demand for “mortgages” to buy virtual real estate in the Metaverse? However, to call it a “mortgage” in the traditional sense may be incorrect, for now.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

OCTOBER 25, 2024

In prior conversations with HousingWire ’s Reverse Mortgage Daily (RMD), leaders of equity sharing companies contend that their products are different from reverse mortgages largely because they are not debt-based instruments. First, that it is a reverse mortgage under the state’s Consumer Loan Act.

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Mortgage Law Legal Advertising 448

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. When COVID forced the real estate industry to get digital, gasoline was thrown on the same trend within mortgage lending. Push for tech. Eric Levin is EVP of Client Development at Model Match.

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Mortgage Inventory Real Estate Technology 518

Housing Wire

OCTOBER 2, 2023

Real estate investment trust Rithm Capital Corp has entered into a definitive agreement to acquire Computershare Mortgage Services Inc. Rithm’s deal with Computershare will add a mortgage servicing rights (MSR) portfolio of about $136 billion in unpaid principal balance (UPB) to the company.

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Mortgage Finance Investing Real Estate 435

Housing Wire

JULY 12, 2024

Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage Lenders of America (now Community Home Lenders of America). Sarah Wheeler: You went from leading a mortgage company to starting a consulting company on artificial intelligence. Give me my task, let’s go.”

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Design Training Business Real Estate 474

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. ” Jason Bressler, executive vice president and chief technology officer at United Wholesale Mortgage (UWM), said. billion in mortgages in the period.

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Mortgage Loan Officers Technology Tools 459

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. But then a rebound in 2024 — up 19%,” Fratantoni said. and reach 5.5%

Mortgage 508

Mortgage Marketing Inventory Technology 508

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

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Mortgage Buyers Loan Officers Marketing 468