Category: Real Estate

HousingWire recently spoke with Roger Stotts, chief servicing officer at New American Funding, about borrower expectations for servicing and the existing outlook for servicers. HousingWire: What are the existing problems servicers are dealing with? Roger Stotts: In some respects, our recent challenges are the similar ones that good servicers have often faced: undertaking the right…

Read More “What does servicing look like for the rest of 2023?” »

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had…

Read More “Housing Market Tracker: Inventory falls even lower” »

This short article is section of our 2023 Housing Industry Forecast series. After the sequence wraps, join us on May well 30th for the HW+ Digital 2023 Forecast Celebration. Bringing together some of the best economists and scientists in housing, the party will present an in-depth look at the major predictions for this yr, alongside with…

Read More “Can first-time homebuyers afford homes today?” »

The Federal Reserve has mentioned time and time again they want the labor market to break, and they will only be pleased when the unemployment charge goes considerably larger than it is currently. This is why they continuously forecast a occupation-loss recession with their higher unemployment price forecast, and some Fed users chat about sending…

Read More “Better inflation data won’t sway the Fed” »

HousingWire just lately spoke with Dustin Grey, CEO of Milestones Labs, about the value of the borrower partnership and how Milestones Labs can help home loan suppliers make lasting relationships with their debtors. HousingWire: How has the existing current market affected the way loan providers strategy client interactions? Dustin Grey: You do not have to…

Read More “Now is the time to cultivate strong borrower-lender relationships” »

In December, HousingWire spoke to Flueid about the strategy of fast title and why it is a misnomer for mortgage loan lenders. As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to examine why home finance loan loan companies should really be inquiring for a brief, data-driven title check out…

Read More “Why lenders should be asking for a title check at loan application” »

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. The 10-year yield finally broke below a critical technical level it had difficulty breaking for many months and we…

Read More “Housing Market Tracker: Mortgage rates drop almost 1%” »

Given Friday’s job report, those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. I have tried to explain that the 1970s inflation isn’t a reality, and Friday’s report should ease the fear that wage growth is spiraling…

Read More “Wage growth downtrend kills 1970s inflation fear” »

Rocket Mortgage loan hung onto its claim as the nation’s largest residence loan company in 2022 — by the pores and skin of their tooth. In accordance to Residence Mortgage Disclosure Act (HMDA) information collated by mortgage information business iEmergent, Rocket originated $127.58 billion in home loans in 2022, edging rival United Wholesale Home loan…

Read More “Here are the top 25 mortgage lenders in America for 2022” »

When prospective clientele function in extremely controlled monetary marketplaces, organization income really don’t come straightforward. Blend co-founder and CEO Nima Ghamsari is familiar with this possibly far better than any one.  It wasn’t right until 2014 – two yrs immediately after his cloud banking system launched – that Motion Home loan took the leap and digitized…

Read More “Inside Blend’s high stakes transformation” »