Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). We applaud HUD’s efforts in trying to change the requirements for HECMs to be more in line with the requirements of the forward mortgage industry.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

DECEMBER 2, 2020

Buyers may finally have a better selection of homes to choose from later in the year, but will face a renewed challenge of affordability as prices stay high and mortgage rates rise.”. This year, home prices have risen dramatically , mortgage rates hit record lows and inventory declined. by the end of the year.

Marketing 528

Marketing Construction New Construction Equity 528

Housing Wire

AUGUST 8, 2024

That’s according to a new report from Redfin , which shows that housing has added $3.1 New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. trillion in value over the past year, bringing its total value to $49.6 That’s a 6.6%

New Construction 459

New Construction Equity Construction Marketing 459

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. The event is exclusively for HW+ members , and you can go here to register.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

SEPTEMBER 18, 2024

CMG Home Loans , the retail lending division of CMG Financial , has its eyes on growing its dedicated reverse mortgage segment. Builders are starting to realize that the real profit margin in new construction is in the upgrades that buyers choose ,” he said. He also offers thoughts on retaining clients regardless of their needs.

Loans 459

Loans New Construction Mortgages Lending 459

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. It’s a delicate balance between interest rates and equity. The second avenue for expanding inventory is new construction.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. These all-cash homebuyers are happily avoiding the higher mortgage interest rates, which touched 7% in the fall of 2022 before trending down to the current rate of 6.28%.

Equity 459

Equity Investor New Construction Mortgages 459

Housing Wire

FEBRUARY 18, 2022

from December and mortgage rates shot up 30 basis points. percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting. “While the 6.7

Sales 435

Sales New Construction Equity Construction 435

Housing Wire

JANUARY 6, 2022

The majority of the supply of homes for sale come from existing homes, not new construction. Furthermore, while rising equity may prompt some existing homeowners to move out and up in 2022, many owners were able to refinance into rock-bottom mortgage rates over the course of the pandemic. What about existing homes?

Construction 511

Construction New Construction Equity Sales 511

Keeping Current Matters

MARCH 10, 2021

Mortgage standards are nothing like they were back then. During the housing bubble, it was difficult not to get a mortgage. percent from 2001 to 2003 for the whole mortgage market.”. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void.

Equity 318

Equity New Construction Construction Short sale 318

Housing Wire

JULY 22, 2021

Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.”. Properties typically remained on the market for 17 days in June, unchanged from May and down from 24 days in June 2020.

Sales 508

Sales New Construction Equity Construction 508

Housing Wire

APRIL 20, 2022

Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The Ann Arbor, Michigan-based company has launched a referral program aimed at connecting mortgage brokers with regional homebuilders as well as homebuyers. The company sold $13.1

Loans 397

Loans Lending Construction Banks 397

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. New Home Supply. The monthly supply for new homes is currently at 3.3 Now mortgage rates are far from 4.5%-5%.

Construction 545

Construction Mortgages Sales Finance 545

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 Refinance decline. Brokers across the U.S. Housing supply shortage.

Lending 433

Lending Loans Investor New Construction 433

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage. The good news is that we are making progress at solving these problems.

Finance 501

Finance Construction Loans Renovation 501

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Keeping Current Matters

JULY 20, 2021

The housing market isn’t driven by risky mortgage loans. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. Today, homeowners are letting their equity build.

Equity 314

Equity Loans Construction Mortgages 314

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 435

Marketing FHA loan Loans Mortgages 435

Keeping Current Matters

NOVEMBER 10, 2021

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance. Freddie Mac.

New Construction 305

New Construction Equity Construction Closing 305

Housing Wire

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Land 370

Land Construction Development Finance 370

Housing Wire

MAY 3, 2024

On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move. We have so much new construction happening.

Marketing 432

Marketing Construction New Construction Development 432

Calculated Risk Real Estate

APRIL 3, 2025

Here is the ICE April Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: Home prices cool heading into the Spring home-buying season, led by condos Home prices are softening across the country: Annual home price growth slowed to +2.7% in February, with early data for March showing further cooling to +2.2%.

Mortgages 59

Mortgages FHA loan New Construction Loans 59

Marco Santarelli

NOVEMBER 2, 2024

Key Takeaways Interest Rates: Mortgage rates have held steady at over 6% , making home buying less affordable for many. With each passing month, interest rates hovering consistently above 6% remain a significant hurdle, making mortgages pricier than they were just a couple of years ago. Home Prices: Estimated to rise by 3.8%

Marketing 110

Marketing Construction New Construction Mortgages 110

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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New Construction Construction Pre-approval Inspection 105

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 116

Equity Principal Loans Renovation 116

BAM Media

APRIL 3, 2025

We can think of no better example of that than last weekends online drama over a Patrick Bet-David Tweet that went viral by using a chart on the multifamily mortgage delinquency rate to sound the alarm on homeowner delinquencies. The nested equity is $38 trillion. housing market. But back then over 23% of homes were underwater.

Bankruptcy 99

Bankruptcy Pre-approval Marketing FHA loan 99

Real Trends

MARCH 29, 2023

But when inflation and mortgage rates started to rise, the rush slowed. New homes began to linger on the market. Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011.

New Construction 94

New Construction Construction Banks Development 94

Keeping Current Matters

FEBRUARY 24, 2021

To buy now and take advantage of historically low mortgage rates while they last. The seller may decide to sell their home to the buyer at today’s price, which will enable the purchaser to take advantage of current mortgage rates. A party’s leverage is based on its ability to award benefits or eliminate costs on the other side.

Pre-approval 325

Pre-approval Construction Equity Sales 325

Housing Wire

JUNE 10, 2022

There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. This article comes at the same problem from a different angle: a mortgage application perspective. Finally, the last closely watched trend in the housing market is construction activity.

Construction 397

Construction Closing New Construction Agents 397

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. For others, typical construction is what they have their hearts set on.

New Construction 73

New Construction Construction Equity Commercial 73

Marco Santarelli

JANUARY 20, 2025

Subprime Mortgages: Lenders were handing out mortgages like candy, often to people who couldn't actually afford them. Complex Financial Instruments: These subprime mortgages were bundled into complex financial products and sold to investors globally. Gone are the days of easily obtainable subprime mortgages.

Marketing 103

Marketing Lending Mortgages Loans 103

HomeLight

SEPTEMBER 25, 2023

Explore a bridge loan and let your home’s equity help fund your next house in the short term. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. In this post, we’ll unpack this financing option and how you can put it to work for you.

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 109

Mortgages Marketing Equity Pre-approval 109

Housing Wire

OCTOBER 23, 2023

And not just adding tons of people — that is the traditional model in mortgages. lender in 2022 to 13th in the first half of 2023, per Inside Mortgage Finance estimates. The direct-to-consumer channel is more home equity and refi-driven; they do some purchases, but it’s primarily that. That’s new construction.

Technology 448

Technology Loan Officer Loans As-is 448

Realtor.com

NOVEMBER 30, 2022

After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year. This is what homebuyers, home sellers, and renters can expect in the new year.

Mortgages 122

Mortgages New Construction Construction Sales 122

Realtor.com

APRIL 22, 2021

Already-high home prices continued to climb to yet new heights as mortgage interest rates dipped below 3%. This was for existing homes and did not include new construction. One the big reasons for the meteoric rise in prices has been low mortgage rates. Median home sale prices soared 17.2%

Mortgages 122

Mortgages Construction New Construction Sales 122