With low interest rates and a booming refinance market, it is natural that loan officers and brokers are focused on agency loans and also a thriving purchase market. However, with a futures rate curve that has recently been increasing, only so many loans qualify for refinancing, and this customer base
After one month of steady declines, servicers’ forbearance portfolio volume rose one basis point last week to 5.23%, according to data released Monday by the Mortgage Bankers Association. The trade group pointed to a slowdown in exits coupled with an uptick in requests for last week’s increase. Once again, Fannie Mae
The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. But make no mistake: They’re not your only option when buying or refinancing a home. In fact,
Today’s U.S. housing market is leaving many prospective homebuyers priced out. Homes, on average, have become less affordable, and the ones that are affordable are in short supply. As a result, 55% of future homebuyers believe that homeownership is out of reach for them financially, according to recent Fannie Mae
In this HousingWire Daily episode, HW+ Managing Editor Brena Nath covers the recent COVID-19 forbearance extensions. In February, U.S. Department of Housing and Urban Development announced that it had extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. For the episode, Greg McBride, senior vice president and
We all have our own prominent COVID-19 memory from 2020. Mine was on Sunday, March 15. I sat at home that morning typing out an employee memo that effective immediately all team members would be expected to work from home and that the office would be closed to outside visitors
Federal Housing Finance Agency (FHFA) Director Mark Calabria announced on Monday that he has authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac‘s affordable housing allocations. This is the largest amount ever disbursed by the government sponsored enterprises, and more than double what was provided the prior
Let’s admit it. The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Blame it on the patchwork of regulatory
Marc King’s latest Instagram post is a quote from Dr. Suess – “You have to be odd to be number one.” But King’s elevation to Keller Williams president this week isn’t odd in one way – he’s a white man. King also replaces a white man, the abruptly departed Josh
At this point, you’re probably used to seeing Kelsey Ramírez’s name in this spot. As the HousingWire magazine editor, she not only profiled and covered the top leaders and stories in the housing industry, but she also spearheaded the redesign of this magazine, taking the content and creative to a
Maine as a whole has seen a small increase, approximately 9 percent, in the number of real estate properties sold during the pandemic, and the …
These companies are changing the home sales process forever – from home search to lead management solutions, and remote closing to transaction …
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Zillow News Truth Delta: Opinion & Editorial