Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year.

Marketing 406

Marketing Fixed-rate mortgage Bankruptcy Mortgages 406

Housing Wire

APRIL 7, 2023

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. When this back and forth was unfolding, mortgage demand rose 2.9%

Commercial 389

Commercial Banks Fixed-rate mortgage Residential 389

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. TD Bank ’s HELOC Trend Watch survey found that 43% of homeowners who are planning to renovate intend to use a HELOC or home equity loan to finance the project. Residential Lending at TD Bank.

Renovation 389

Renovation Fixed-rate mortgage Equity Finance 389

Housing Wire

MAY 3, 2023

Mortgage rates should fall, as the bond market hasn’t really cared much about the last few rate hikes by the Fed. In turn, mortgage rates should be lower, Logan Mohtashami, lead analyst at HousingWire , said.

Mortgages 415

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 415

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes. to 2 points.”

Equity 366

Equity Marketing Debt-to-income ratio Lending 366

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising.

Equity 473

Equity Lending Banks Loans 473

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. Freerateupdate.com – which ranked sixth as the fastest-growing mortgage lender on Inc. Companies that debuted on the Inc. Rank Company Growth (3-yr Avg.)

Mortgages 368

Mortgages Loan Officer Fixed-rate mortgage Loans 368

Marco Santarelli

JUNE 25, 2024

In a significant move that could impact the UK housing market , Barclays and HSBC have announced cuts to their fixed-rate mortgage deals. million existing borrowers are in this situation, and the rate cuts could alleviate some of the financial strain they are experiencing. Approximately 1.6

Mortgages 52

Mortgages Fixed-rate mortgage Marketing Banks 52

Housing Wire

APRIL 7, 2022

“The increase in mortgage rates has softened purchase activity such that the monthly payment for those looking to buy a home has risen by at least 20% from a year ago.”. Normally, a period of rising mortgage rates cools housing prices. But this is no normal market. mortgage points.)

Mortgages 397

Mortgages Fixed-rate mortgage Loans Residential 397

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Mortgage rates have nearly doubled to around 6.5% According to the NAR, there were 1.28

Mortgages 446

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 446

Housing Wire

OCTOBER 27, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose 14 basis points from last week to 7.08%, accelerating its upward trajectory. A year ago at this time, rates averaged 3.14%. MBA’s survey showed the mortgage composite index for the week ending Oct.

Mortgages 385

Mortgages Fixed-rate mortgage Loan Officer Seller concession 385

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity 458

Equity Lending Fixed-rate mortgage Loans 458

Housing Wire

JULY 27, 2022

through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 Creating a path to success in today’s purchase market. Counting this latest offering, Angel Oak Cos.

Marketing 387

Marketing Loans Investor Mortgages 387

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. Not necessarily.

Marketing 91

Marketing Fixed-rate mortgage Construction Residential 91

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. HELOCs offer flexibility.

Equity 413

Equity Fixed-rate mortgage Principal Mortgages 413

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. HELOCs offer flexibility.

Equity 397

Equity Fixed-rate mortgage Principal Loans 397

Housing Wire

NOVEMBER 10, 2022

This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As ” In other words, mortgage lenders are adjusting their workforces for these dark days. .

Mortgages 368

Mortgages Loan Officer Banks Lending 368

Marco Santarelli

JUNE 8, 2024

Consumers are spending more than anticipated, the job market stays tight, and even higher interest rates haven't significantly impacted real estate. Fed to Hold Rates High: Inflation Target Pushed to 2025 What Exactly is “Higher for Longer” Interest Rates? These rates are unchanged from the previous week.

Fixed-rate mortgage 97

Fixed-rate mortgage Commercial Land Banks 97

Housing Wire

MARCH 29, 2023

Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs.

Equity 375

Equity Lending Loans Banks 375

Marco Santarelli

NOVEMBER 1, 2023

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. economy and the real estate market.

Marketing 52

Marketing Fixed-rate mortgage Construction Residential 52

Marco Santarelli

DECEMBER 6, 2023

The MBA survey, a staple since 1990, draws on responses from mortgage bankers, commercial banks, and thrifts, covering more than 75% of all retail residential mortgage applications in the US. Jumbo 30-year FRM, FHA-backed 30-year FRM, and Fifteen-year FRM rates also experienced shifts. of the week’s total.

Mortgages 105

Mortgages Fixed-rate mortgage Loans Commercial 105

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officer 418

Loan Officer Loans Investor Mortgages 418

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgages 417

Mortgages Equity Loans Seller concession 417

Housing Wire

MARCH 20, 2023

It is often said that the Fed raises interest rates until something breaks. Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.” In 2021, mortgage originations hit a record high of $4.4 trillion in 2023.

Banks 406

Banks Mortgages Fixed-rate mortgage Loans 406

Housing Wire

APRIL 17, 2024

Cuts to the Federal funds rate (and subsequently to mortgage rates) are imminent, traders enthused after December’s meeting of the Federal Open Market Committee in which committee members predicted three rate cuts in 2024. Some experts forecasted as many as six rate cuts in the year based on this news.

Mortgages 489

Mortgages Fixed-rate mortgage Banks Residential 489

Realtor.com

MARCH 12, 2021

If the potential savings from a new mortgage won’t recoup the closing costs—like title insurance, state taxes, appraisal fees and more—it may not make sense to refinance just yet. The national average for associated refinancing fees is nearly $3,400 with taxes, according to ClosingCorp, a firm providing residential real-estate data.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Marco Santarelli

DECEMBER 22, 2020

In this article, we shall discuss the various types of mortgage notes and how to invest in them. Real estate or mortgage note investing is owning real estate without property management or without becoming a landlord where the homeowner pays the investor instead of the bank. The Different Types of Real Estate Mortgage Notes.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. Jumbo loans account for approximately 12% of all loans originated as of February 2022.

Banks 376

Banks Fixed-rate mortgage Lending Construction 376

Realty Biz

FEBRUARY 23, 2022

To be clear, the Federal Reserve does not directly set the mortgage rate. The federal funds rate, which is set by the central bank, is the overnight interest rate at which banks borrow from one another. When the federal funds rate goes up, the prime rate tends to follow.

Fixed-rate mortgage 69

Fixed-rate mortgage Mortgages Banks Loans 69

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher.

Mortgages 369

Mortgages Fixed-rate mortgage Banks Investor 369

Realty Biz

APRIL 11, 2022

The basic process begins by asking questions like what type of mortgage is best for you? A 30-year fixed rate mortgage is the most common for first-time buyers. I think loan types like 30-year fixed and ARMs, along with discount points are basic places to start asking questions when interest rates are going up.

Mortgages 89

Mortgages Fixed-rate mortgage Loans FHA loan 89

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Likewise, Atlanta-based A ngel Oak Mortgage Inc. , The Angel Oak Cos.

Mortgages 396

Mortgages Residential Loans Lending 396

Housing Wire

NOVEMBER 16, 2022

Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7%

Mortgages 545

Mortgages Fixed-rate mortgage Loans Residential 545

Housing Wire

DECEMBER 29, 2023

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 Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It

Mortgages 475

Mortgages Loan Officer Loans Equity 475

Housing Wire

MAY 5, 2022

Freddie Mac is bringing another credit-risk transfer offering to market, its fourth of the year, through the agency’s Structured Agency Credit Risk (STACR) program. billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 a week earlier.

Principal 354

Principal Fixed-rate mortgage Loans Residential 354

Toronto Realty Blog

JANUARY 6, 2021

– 4) What is going to happen in the downtown condo market? I was on CTV Your Morning last Thursday to discuss the 2021 real estate market, and it’s never easy to get meaningful points across, over five or six questions, in a mere four minutes. However, the condo market got hit. TorontoRealtyBlog. “ Rough ride.”

Fixed-rate mortgage 119

Fixed-rate mortgage Banks Lending Mortgages 119

Realtor.com

MARCH 22, 2021

Getty Images As home buyers already know full well, the residential real estate market has been on a wild tear for the past few years—and the pandemic has pushed things to new, uncharted extremes. Buyers who had been cooped up indoors for months rushed into the market seeking larger homes in suburban and even remote locations.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145