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The housing market went from steaming to stagnant a few months ago, and now that some time has passed, we’re getting more stats to help show the effect of higher mortgage rates. I have a free download too for anyone wanting to make visuals […]. Today let’s look at sales volume to understand what’s going on.
mortgage servicer as of September 2024, with an owned portfolio of $728 billion, per Inside Mortgage Finance. The case originated in October 2021, when a Bayview Asset Management employee unknowingly downloaded malicious software while conducting job-related internet searches, according to the settlement agreement.
Real owns mortgage and title companies, and in 2025, Poleg said he hopes to drive increased attach rates. People have been talking about streamlining the transaction process by integrating title, mortgage and brokerage services for a while.
Despite slightly higher Treasury yields, mortgage rates held steady at record lows this week, according to a survey by Freddie Mac. Rates remained at last week’s level of 2.71% for the 30-year fixed rate mortgage, according to Freddie Mac’s Primary Mortgage Market Survey. Although today’s mortgage spread is about 1.8%
Hosted by Mortgage Capital Trading. Collateral valuation is a critical component of mortgage lending and the home sales process. Phil Rasori COO, Mortgage Capital Trading. Download Slides. The post Staying prepared in a changing mortgage market appeared first on HousingWire.
Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. House-hacking is a great way to build wealth and pay down your mortgage. Direct mail is a memorable way to stand out among cold callers and social media influencers.
In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. In the federal lawsuit, Smart Mortgage alleges that Noe downloaded Dropbox on his company computer without authorization on Feb.
SimpleNexus is a homeownership platform featuring mobile-first technology that streamlines the mortgage experience for all participants. Borrowers enjoy single sign-on convenience throughout the entire mortgage process. Preview key components of the downloadable mobile app delivering a single platform borrower experience. #2.
million Americans each year, according to the Peak65 report by Alliance for Lifetime Income —understanding the intricacies of reverse mortgages is essential. Download the report to: Understand market potential: Discover the significant home equity trends among seniors and learn how to leverage this asset for your clients’ benefit.
Introducing the NEW HousingWire Mortgage Rates Center, a resource for housing professionals to access real-time mortgage rates data and the insights that fuel understanding and decision-making. 6: “Mortgage pricing should be a bit better today. This data set is modeled using real-time locked rates with consumers nationwide.
This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9
Sixteen companies offering mortgage tech solutions made the Inc. The list of mortgage solutions providers on the list was topped by Maxwell , a mortgage solutions platform designed for America’s local lenders, at No. Morty , a platform that lets homebuyers shop lenders to compare and lock in mortgage interest rates, ranked No.
Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s homeowners.
A new report by IDIQ® , a financial intelligence company, details top consumer credit concerns provided by mortgage , real estate, and lending professionals as well as borrowers themselves. The report also introduces a solution with IDIQ’s newly launched credit-building tool, CreditBuilderIQ®, based on the feedback provided.
Volatile mortgage loan volume and profits in todays real estate market are causing lenders to seek out ways to reduce expenses. ICE Mortgage Technology conducted a cost analysis with a deep dive into previously undetected and preventable expense eroding mortgage lender profit margins. What are fee cures? ” Click Here
Mortgage rates are back over 7%. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high. And we can see that when mortgage rates spike, sales take a hit very quickly. Higher mortgage rates have resulted in fewer new contracts than I expected, say 6 weeks ago.
Mortgage rates are back up over 7% this morning on the back of strong economic growth data. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Mortgage rates are 40 basis points higher than a month ago, and 100 basis points higher than a year ago. And mortgage rates are 100 basis points higher.
Nearly 70 mortgage lenders and brokers made it on the list of Inc. All the top five mortgage lenders debuted on the Inc. theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. All the top five mortgage lenders debuted on the Inc. Zap Mortgage (no.335),
After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.
Amanda Phillips, EVP of Compliance, ACES Quality Management In the current mortgage landscape, ensuring the highest standards of loan quality is paramount not only during the origination process but also over the life of the loan. HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024?
In my previous article , we discussed the importance of re-evaluating reverse mortgage marketing to “seniors” by dividing the current demographic into two groups: members of the post-World War II generation and baby boomers. Is your company one of the top reverse mortgage lenders in the nation? How long have you been originating ?
In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Download this white paper for a roadmap to deploying new technologies.
A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. As of Oct.
Now, from within the RealDeals portal, preferred agents can track the borrower’s status, manage documents — such as uploading purchase agreements and downloading conditional approval letters — for faster closings. Product Fast Facts. #1.
July saw whiplash mortgage rates and our audience followed economic news very closely. But we also saw some resiliency, with companies expanding loan products — especially cash out and home equity— and shoring up their mortgage servicing rights. This theme wasn’t limited to white papers.
Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software , per filings with the Attorney General in California. primary mortgage servicers in the second quarter of 2023 , according to Inside Mortgage Finance data.
The mobile app is available for Android as well as iOS for download. In addition to an all-new app for Android, the app for iOS includes pricing analysis from the Optimal Blue Mortgage Market Indices (OBMMI). The OBMMI access is expected to be added to the Android app later in 2024.
Lower continues to make moves designed to support its expansion efforts, hiring former Waterstone Mortgage executive Dustin Owen as its new divisional sales leader and senior vice president of growth. Owen is the founder and host of “ The Loan Officer Podcast ,” which tallied more than 1 million downloads in 2022.
The new tool allows lenders and housing counselors to enter client eligibility parameters, download results and compare up to three programs side by side to make quicker lending decisions. The single, standardized format enables state agencies to manage, edit and update their programs in real-time.
mortgage lender loanDepot. loanDepot, which originated about $17 billion in mortgages in the first three quarters of 2023, had reported that a cyberattack brought down the company’s systems earlier this year. Infamous ransomware gang AlphV/BlackCat claimed it was behind the January cyberattack at top 15 U.S.
June was a volatile month for mortgage rates and for lenders having to adapt quickly to changing conditions. Other top stories looked to make sense of the new environment, including: · How mortgage lenders are navigating life at 6%. · Housing starts data raises 5th recession red flag. CFPB to review QM rule.
At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. But now it’s March, and mortgage rates are the highest they’ve been all year, the economy continues to report strong numbers so the Fed is growing less likely to cut rates soon. So that rule holds.
Agent advice and resources Redfin Housing market trends and reports, industry news, statistics, and downloadable graphs. Keeping Current Matters Content designed to be shared by agents, including downloadable graphics and charts, trends in the market, local market updates, industry news, and more.
Updating a survey that was previously conducted in 2015, 2018, and 2023, Fannie Mae released the results of a consumer survey that uncovered opportunities to close knowledge gaps around mortgage qualifications and underscored the need to continue to improve education around the mortgage buying process.
No downloading of software or an app is required. ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. AI can be used to provide a more personalized experience for mortgage customers. Download the free ebook “ChatGPT For Lenders” on www.ChatGPTForLenders.com
Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. As long as mortgage rates don’t spike again, 2024 is set up for slight home-sales gains over 2023. Don’t have time to watch the full video? Additionally, we’re seeing more immediate home sales.
Black Knight is looking to hook mortgage brokers with a new loan origination system designed specifically for them. The mortgage tech firm said LoanCatcher is entirely cloud-based and can be used on any internet-connected device. The mortgage tech space is rapidly becoming a crowded one. The company went public at a $4.6
New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” All in all, things are looking up for the U.S.
Guild Mortgage and Caliber Home Loans have both sued CrossCountry on similar grounds. In October 2021, Guild Mortgage sued CrossCountry for allegedly engaging in similar practices. loanDepot registered a partial win against CrossCountry in a trade secret and employment-separation dispute. . billion in business.
After being a part of the award selection committee for this year’s list of Tech100 mortgage and real estate winners, it’s easy to see how the housing space isn’t simply launching new products and tools, it’s sometimes even leading tech conversations — looking at you, blockchain. I’d say this concept hasn’t been true for a while now though.
Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.
As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they're going to pay the bills.
This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. Maybe we get cheaper mortgage rates and that will help payment affordability, but remember that cheaper rates means more buyer competition. The defining characteristic of 2023 was how few sellers we had.
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