Housing Wire

JANUARY 2, 2025

Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Mortgage demand declined 21.9% Mortgage demand had been on the upswing for much of November and December. from two weeks earlier during the week ending Dec.

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Appraisal Buzz

OCTOBER 15, 2024

The Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) based on data analysis from ICE Mortgage Technology , indicates a drop in mortgage credit availability in September. Key Findings from the Mortgage Credit Availability Index: In September, the MCAI dropped by 0.5%

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Appraisal Buzz

SEPTEMBER 13, 2024

The latest Mortgage Credit Availability Index (MCAI) released by the Mortgage Banker’s Association (MBA) indicated that there was an increase in mortgage credit availability in August. The Government MCAI remained steady, whereas the Conventional MCAI rose by 1.8%. In August, the MCAI increased by 0.9%

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Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. Lower mortgage rates are having a positive impact on application levels, with the Mortgage Bankers Association (MBA) reporting last week that applications were up 3.9%

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Appraisal Buzz

JULY 11, 2024

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in June. While the Government MCAI fell by 0.1%, the Conventional MCAI climbed by 2.0

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Appraisal Buzz

AUGUST 8, 2024

The Mortgage Credit Availability Index (MCAI) , a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in July. While the Government MCAI fell by 0.1%, the Conventional MCAI climbed by 6.4%.

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Housing Wire

JANUARY 10, 2024

Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan.

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Housing Wire

NOVEMBER 15, 2024

The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory. “We At Mortgage News Daily , rates were at 7.02% on Thursday afternoon. We are moving policy over time to a more neutral setting.

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Housing Wire

OCTOBER 30, 2024

A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% The refinance share of mortgage activity decreased to 43.1% the previous week.

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Housing Wire

AUGUST 6, 2024

The downward movement in mortgage rates over the past few months accelerated last week as a cooler-than-expected jobs report and indications of a Federal Reserve rate cut led to a steep drop in loan pricing. Several reported that mortgage rates rose again on Tuesday due to weaker mortgage-backed securities prices.

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Housing Wire

MARCH 13, 2024

A decline in interest rates buoyed mortgage demand for another week. Mortgage applications increased by 7.1% on a seasonally adjusted basis during the week ending March 8, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

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Appraisal Buzz

JANUARY 10, 2025

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines data from ICE Mortgage Technology, indicates that mortgage credit availability rose in December. The Government MCAI did not change, however the Conventional MCAI rose by 1.3%.

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Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles. Is it right for the client?”

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Housing Wire

AUGUST 6, 2024

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

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Appraisal Buzz

AUGUST 5, 2024

At this year’s Five Star Conference 2024 , the Mortgage Servicing Forum will bring together experts from the loss mitigation and compliance space to discuss the impact this market will experience in an uncertain election year. The Mortgage Servicing Forum , set for Wednesday, September 25 from 1:30 p.m.-5:00

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Housing Wire

AUGUST 13, 2024

The letter was in response to the CFPB’s request for information on residential mortgage fees, which the Bureau issued in late May. This request was in addition to the CFPB’s consideration of a ban on mortgage banks charging homebuyers for the lender’s title insurance policy. of the borrower’s total life-of-loan costs combined.”

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Appraisal Buzz

NOVEMBER 20, 2024

Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. percent, while the Government MCAI increased by 0.4 percent, while the Government MCAI increased by 0.4

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Housing Wire

JANUARY 8, 2025

As mortgage rates continue to climb past the 7% mark, applications continued to take a step back following the New Year’s Day holiday. from the week prior, the Mortgage Bankers Association (MBA) reported in its weekly mortgage applications survey for the week ending Jan. Demand decreased by 3.7% the previous week.

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Housing Wire

MAY 6, 2024

Nationwide equity on mortgaged homes soared to a record $16.9 homeowners with mortgages have tappable equity. Two-thirds of all tappable equity is held by homeowners with credit scores of 760 or higher, while two-thirds is held by homeowners with first-lien mortgage rates below 4%, and 84% is held by those with rates lower than 5%.

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Housing Wire

JULY 25, 2024

In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers. And the mortgage industry is also feeling the brunt of these challenges, Madick said.

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Housing Wire

FEBRUARY 5, 2024

Effective March 1, the credit will be available for homebuyers earning 50% of area median income (AMI) or less through Freddie Mac’s Home Possible and Housing Finance Agency (HFA) Advantage mortgage products. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

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Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. These strong fund flows are resulting in tighter credit spreads, higher prices, and an increased focus on sourcing new originations.

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Housing Wire

OCTOBER 4, 2024

Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower, which it has. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction.

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Housing Wire

MARCH 12, 2024

But what about the 1970s inflation that led to 18% mortgage rates in the early 1980s? One crazy idea that can boost inflation is if the government forces investors to sell their homes, kicking out renters and limiting the supply of rented homes. What about the government giving tax breaks to investors to sell their homes?

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Housing Wire

FEBRUARY 17, 2024

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Serious mortgage rate talk!

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Housing Wire

OCTOBER 15, 2024

Mortgage credit availability decreased in September, according to the latest Mortgage Bankers Association (MBA) analysis of ICE Mortgage Technology data. The MBA’s Mortgage Credit Availability Index (MCAI) fell by 0.5% to a reading of 98.5 in September.

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Housing Wire

AUGUST 5, 2024

mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchmark interest rates, along with a much weaker-than-expected jobs report. Mortgage spreads tightened at the same time, taking the Fannie Mae current coupon to 5.05%.

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Housing Wire

JUNE 13, 2024

The National Association of Hispanic Real Estate Professionals (NAHREP) this week released the 10th edition of its annual Top 250 Latino Mortgage Originators rankings, honoring the top-performing Latino mortgage originators across the country. DHI Mortgage Richmond, Texas 288 8 Miguel Mouriz New American Funding Orlando, Fla.

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Appraisal Buzz

MAY 22, 2024

Mortgage application volume increased 1.9% during the week ended May 17, as the average rate for a 30-year- fixed-rate mortgage fell to to 7.01%, down from 7.08% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. The post MBA: Mortgage Applications Increased 1.9

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Housing Wire

JANUARY 19, 2024

Fannie Mae has a rosy outlook for mortgage rates. The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. The ESR group expects the annualized pace of existing home sales to move up to 4.5 million in Q4 2023.

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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.

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Housing Wire

JULY 2, 2024

Mortgage rates rose slightly over the past week, with the U.S. According to HousingWire ‘s Mortgage Rates Center , the average 30-year rate for conforming loans stood at 7.11% on Tuesday, up slightly from 7.08% one week ago. economy continuing to show strength even as home sales remain tepid.

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Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. “They can add up to several percentage points of the total mortgage amount. . At least when it comes to redundancies with refinancings, that is.

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Housing Wire

OCTOBER 16, 2024

About a week after the Federal Reserve lowered benchmark interest rates for the first time since the start of the COVID-19 pandemic, mortgage rates reached their low point for 2024. According to HousingWire’s Mortgage Rates Center, the average 30-year conforming rate bottomed out at 6.24% on Sept. consumers or the housing industry.

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Housing Wire

MAY 1, 2024

This has led to the development of policies by state and local housing finance agencies to aim assistance specifically at this group, particularly for “mortgage eligibility or down payment and closing costs assistance.” Identification of a loan under these conditions is currently optional, the bulletin explained.

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Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. dropped by 6.7% in the first quarter of 2024 to 1.28

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Housing Wire

SEPTEMBER 6, 2024

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire.

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