Housing Wire

APRIL 14, 2022

Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

JANUARY 25, 2022

The Community Home Lenders Association (CHLA), which represents small and mid-sized IMBs, just sent a letter to the Federal Housing Finance Authority (FHFA) , asking for tweaks to FHFA’s recently announced fee hikes on second home and high balance Fannie Mae and Freddie Mac loans. It does not envision FHFA making these sorts of decisions.

Marketing 370

Marketing Fixed-rate mortgage Banks Loans 370

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 397

Mortgages Residential Loans Lending 397

Housing Wire

APRIL 14, 2022

“The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates. All in all, the impact is likely to be the 30-year fixed-rate mortgage reaching 5.2 by the end of the year.

Marketing 435

Marketing Purchase and sale agreement Investor Banks 435

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

JUNE 14, 2023

A series of bank failures — including Silicon Valley Bank, Signature Bank and First Republic Bank — have spurred concerns that banks are reducing their appetite for new loans, hurtling the economy towards a recession. Fears of a commercial real estate collapse have also emerged. research and consulting at TransUnion.

Banks 397

Banks Fixed-rate mortgage Mortgages Investor 397

Marco Santarelli

JUNE 8, 2024

As of June 06, 2024, the interest rate on a 30-year fixed-rate mortgage is 6.99%, and the rate for a 15-year fixed-rate mortgage is 6.29%. These rates are unchanged from the previous week. This is the rate banks charge each other for overnight loans.

Fixed-rate mortgage 97

Fixed-rate mortgage Commercial Land Banks 97

Marco Santarelli

JULY 5, 2024

Mortgage Market Trends Another significant factor affecting the housing market is the mortgage industry. Here’s an overview of recent trends: Fixed-Rate Mortgages : These remain the most popular option, especially in high-rate environments, as they offer predictability in monthly payments.

Marketing 131

Marketing Lending Fixed-rate mortgage Investor 131

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. The overall loan size of $345,900 is the smallest since the first week of 2022. The average purchase loan amount was $396,500.

Mortgages 105

Mortgages Fixed-rate mortgage Loans Commercial 105

Marco Santarelli

DECEMBER 22, 2020

If you are experienced enough, you can potentially find and purchase your own mortgage notes. . What Is the Difference Between a Mortgage and a Mortgage Note? A real estate mortgage note is a promissory note secured by a mortgage loan. That security instrument can be either a mortgage or a Deed of Trust.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

The Residential Specialist

OCTOBER 19, 2021

The 2020/2021 market has been defined by “a lack of homes for sale relative to demand,” says Gay Cororaton, National Association of REALTORS ® senior economist, director of Housing and Commercial Research. The causes of 2022’s slightly deflated demand: a slight increase in both new housing starts and interest rates, as well as buyer fatigue.

Marketing 105

Marketing Equity Fixed-rate mortgage Construction 105

Marco Santarelli

AUGUST 27, 2020

The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. Diversified Economy is driven by health-related, high-tech, and other commercial interests. If you’re planning to buy in Nevada, the most common type of home loan is a 30-year fixed-rate mortgage.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

SEPTEMBER 5, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

JULY 30, 2020

Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac. Moreover, it's even harder to take out a mortgage for those who have student loan debt.

Marketing 139

Marketing Investor Sales As-is 139

Toronto Realty Blog

SEPTEMBER 7, 2023

I don’t know if I expected the readers to have sympathy for variable rate borrowers who had amnesia in 2023 and forgot that they made a choice two years ago when they obtained a mortgage, but there were certainly some “looks good on ‘ya” comments. million square feet.

Marketing 105

Marketing Land Development Banks 105

McKissock

MAY 30, 2023

From the ongoing debt ceiling debate to employment trends, inflation concerns, fluctuating interest rates, and the state of the commercial real estate market, it is important to understand the implications of these factors on the overall economy. The Market Composite Index, measuring overall mortgage loan application volume, fell 4.6%

Banks 73

Banks Commercial Construction Fixed-rate mortgage 73

Marco Santarelli

JUNE 26, 2024

Other forms of mortgage debt include loans on multifamily residences, nonfarm and nonresidential properties, and farms. The rising home prices have led to an increase in the number of mortgages, with homeowners typically making a down payment of 10% to 20% and financing the rest through a mortgage. was 6.87%.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Banks 52

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126

Marketing Investor Sales As-is 126

Realty Biz

SEPTEMBER 23, 2021

With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. So not only are many homeowners paying lower mortgage payments today; they are doing so while their wealth (home equity) has significantly increased. Home equity can be tapped for renovations, college loans and more.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104