Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

Mortgages 459

Mortgages Marketing Brokerage Finance 459

Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7 Rocket originated $42.3

Mortgages 459

Mortgages Marketing Principal Technology 459

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

Mortgages 493

Mortgages Marketing Construction Sales 493

Housing Wire

OCTOBER 17, 2024

Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. ” The AI loan assistant, dubbed Betsy, was built through Tinman, the company’s proprietary loan origination platform, where information and facts on loan applications are stored.

Loans 435

Loans Loan Officer Lending Mortgages 435

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates.

Loans 435

Loans Finance Mortgages Banks 435

Housing Wire

AUGUST 12, 2024

Piggyback mortgages — those involving a first and second lien at origination — are on the rise among first-time and low- to moderate-income borrowers who face affordability challenges. for conventional purchase loans backed by Fannie Mae and Freddie Mac. economy and the strength of the job market.”

Loans 476

Loans FHA loan Equity Closing costs 476

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. had these cheap mortgages. People with expensive mortgages are more likely to sell their house.

Mortgages 488

Mortgages Finance Equity Loans 488

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

Housing Wire

JANUARY 30, 2025

Sage Home Loans Corp. recently hired Bijoy John as its new senior vice president of marketing. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email.

Loans 349

Loans Marketing Lending Banks 349

Housing Wire

DECEMBER 17, 2024

There have been countless press releases and news articles about how AI is changing the mortgage industry. The industry fears AI will ultimately replace everyone, from operations to loan officers. As a loan officer , I am not losing any sleep, and here is why you should not, either. Absolutely not.I

Loan Officer 392

Loan Officer Loans Mortgages Technology 392

Housing Wire

SEPTEMBER 30, 2024

They discuss the latest developments in the mortgage market, along with key dynamics and growth strategies for lenders as interest rates continue to fall. The conversation also covers cost-to-completion metrics, new technology and tactics strategies for making customers happy in today’s market.

Mortgages 456

Mortgages Marketing Technology Lending 456

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The refinance index decreased 26% from the previous week and was 111% higher than the same week one year ago.

Mortgages 520

Mortgages Loans As-is Marketing 520

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

Loans 295

Loans Mortgages Equity Construction 295

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.

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514

Housing Wire

NOVEMBER 11, 2024

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. billion in purchase mortgage business, not far off a top 50 spot on the mortgage leaderboard. That’s an annualized $3.2

Mortgages 459

Mortgages Loan Officer Loans Agents 459

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. Depending on the loan scenario, originators across the country are offering even lower prices to borrowers.

Mortgages 505

Mortgages Loans Lending Equity 505

Housing Wire

OCTOBER 11, 2024

in the past year, driven by more cases of identity and transaction fraud New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet. The CoreLogic Mortgage Application Fraud Risk Index jumped by 8.3% CoreLogic’s risk index rose 8.3%

Mortgages 516

Mortgages Sales Loans Lending 516

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% Rates for 30-year conforming loans averaged 7.10% on Thursday, up 21 basis points (bps) in the past two weeks.

FHA loan 468

FHA loan Mortgages VA loan Loans 468

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. The rate for 15-year conforming loans averaged 6.66% on Tuesday, compared to 6.79% a week ago. Data from the U.S. Housing completions also grew by 15.5% in 2024 and to 6.4%

Mortgages 511

Mortgages MLS Finance Loans 511

Housing Wire

OCTOBER 9, 2024

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.

FHA loan 455

FHA loan Loans Technology Loan Officer 455

Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

Equity 434

Equity Loans Lending Investor 434

Housing Wire

MAY 14, 2024

reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. Since the softer labor reports happened, mortgage pricing has improved. As the U.S.

Mortgages 532

Mortgages Loans Marketing As-is 532

Housing Wire

OCTOBER 9, 2024

After reaching their highest level since July 2022 , mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. According to weekly data released Wednesday by the Mortgage Bankers Association (MBA), applications shrank 5.1% of new applications.

VA loan 454

VA loan Mortgages FHA loan Loans 454

Housing Wire

JULY 18, 2024

Mortgage applications to purchase new homes fell 16% month over month in June but rose 0.7% year over year, according to a report released Thursday by the Mortgage Bankers Association (MBA). By loan type, conventional mortgages continued to comprise the majority of applications for new homes, accounting for 60.8%

Mortgages 485

Mortgages VA loan FHA loan Loans 485

Housing Wire

SEPTEMBER 10, 2024

Ahead of that decision, mortgage rates continued to decline, although a surge of borrowers has yet to appear. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.47%, down 13 basis points (bps) from one week ago. The key question heading into the Sept. since July 2023.

Mortgages 468

Mortgages Loans Marketing Technology 468

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.

Mortgages 476

Mortgages VA loan FHA loan Fixed-rate mortgage 476

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. The interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 431

Mortgages Equity Loan Officer Loans 431

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans.

FHA loan 418

FHA loan Mortgages Equity Loans 418

Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. Lower rates have recently sparked more activity in the mortgage market.

Mortgages 501

Mortgages Loans MLS Lending 501

Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. Since that point, “both Enterprises have seen encouraging growth in this critical market segment,” the FHFA said. “In

Loans 459

Loans Finance Mortgages Marketing 459

Housing Wire

FEBRUARY 3, 2025

There is constant movement in the mortgage industry with the desire for growth and expansion. It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target.

Due diligence 416

Due diligence Purchase and sale agreement Industrial Mortgages 416

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Loan details needing attention are routed to a professional for a better borrower experience.

Loans 432

Loans Investor Closing Lending 432

Housing Wire

SEPTEMBER 24, 2024

After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago.

Mortgages 468

Mortgages Loans Finance Sales 468

Housing Wire

AUGUST 15, 2024

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising. Department of Veterans Affairs (VA) loans. This pipeline of data suggests that more U.S.

Mortgages 472

Mortgages VA loan FHA loan Staging 472

Housing Wire

SEPTEMBER 11, 2024

On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. That means some borrowers are getting mortgage rate quotes under 6% today, so the rate environment has improved greatly from the highs around 7.50% this year. The mortgage spreads are improving in 2024.

Mortgages 514

Mortgages Loans Sales Marketing 514

Housing Wire

MAY 8, 2024

Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — according to the National Association of Realtors ’ (NAR) newest quarterly report. of their income to mortgage payments, down from 26.1%

Marketing 526

Marketing Mortgages Loans Sales 526

Housing Wire

AUGUST 27, 2024

Even as the real estate and mortgage markets are seeing light at the end of the tunnel following two difficult years of conditions, mortgage rates have yet to ease enough to create a surge of demand for purchase loans and refinances. The market has repriced accordingly, raising expectations of a 50 bps cut.

Mortgages 459

Mortgages Loans Finance Brokerage 459