Mortgage delinquency rates in January reached a 23-year low, driven by the skyrocketing housing prices and a strong job market. About 3.3% of mortgages were delinquent by at least 30 days or more including foreclosure in January, according to a
HMDA: The top 10 VA lenders by volume in 2021
Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. This marks a notable dip in originations from 2020, a record-breaking year in
Inside the government’s feeble fight to end redlining
Despite being outlawed over 50 years ago, redlining still persists in America. Now the country’s signature law to stop redlining is under review. Redlining is a five-alarm word in the lexicon of American racism, but it really has a quite
Opinion: HUD needs to lower the MIP and do it now
This week, the Community Home Lenders Association (CHLA) repeated their call for FHA to lower premiums and to eliminate the life of loan premium on FHA loans. While I might have a different view on the life of loan premium,
Why housing inventory is so low right now
Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Wait, what? But we have a housing shortage, right? Yes, but this is where my work is
HMDA: The top 10 FHA lenders by volume in 2021
Origination volume for FHA-insured loans increased by 3% in 2021, growing from $324 billion in 2020 to $332.24 billion, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. Of the origination volume, retail lenders
RealTrends 500: The Agency, Pacific Sotheby’s in top spots for average sales price
Beverly Hills, California-based The Agency leads the top 50 firms in average sales price by sides with a whopping $2.5 million average sales price in the 2022 RealTrends 500 brokerage rankings. The 2022 RealTrends 500 rankings top 50 firms by
RealTrends 500: eXp, Compass lead in one-year movers by closed sides
eXp Realty and Compass lead the top movers by transactions. Different from our top movers by transaction side percentage, this is the actual numeric increase in transaction sides year to year between 2020 and 2021. The 2022 RealTrends 500 rankings
Top 8 Reasons to Move to Philadelphia and Why You’ll Love Living Here
Commonly known as the “City of Brotherly Love,” moving to Philadelphia offers residents access to the conveniences of a large city while still holding all the charm of a small town. From historic sites like the Liberty Bell, famous dishes
How To Retire Early With Real Estate Investing?
So, how does it feel to Retire Early with Real Estate? When you talk about retiring early with real estate, the default answer for many is, “I’ll pay off the house.” A common second answer is, “I can borrow against
How Do Real Estate Agents Get Paid?
Most people choose to work with a real estate agent when buying or selling a house. Unlike an hourly or salary employee, a real estate agent doesn’t get paid based on their work hours. Real estate agents at traditional brokerages
RealTrends 500: Keller Williams and RE/MAX offices tops in percentage transaction sides
Keller Williams and RE/MAX lead the list of the top 50 one-year movers by percentage transaction sides, with Keller Williams — Cunningham Group, based in Santa Monica, California, seeing a 136% increase in sides between 2020 and 2021. Data for
Virtual Staging: An Innovative Way to Impress Buyers
In a virtual age, where you can tour homes online and purchase a home sight-unseen, why wouldn’t you consider virtual staging as a way to market your home to potential buyers? As more home sellers turn to virtual staging, you
Cracking the code on marketing to the Realtor channel
As lenders adapt to a purchase-centered market, HousingWire spoke to Brian Boero, CEO of 1000watt, about opportunities to grow lenders’ effectiveness in the Realtor and broker market. HousingWire: What’s happening right now in the Realtor world that lenders should know
Top 8 Reasons to Move to Pittsburgh and Why You’ll Love Living Here
Otherwise known as “The City of Bridges” and “Steel City,” Pittsburgh, PA offers residents affordable housing options, a vibrant arts and culture scene, an opportunity to be a part of one of the most loyal fan bases in the sports
Los Angeles Real Estate Market: Prices | Trends | Forecasts 2022
We’ll discuss the recent trends in the Southern California housing market as well as the Los Angeles housing market. Following the impact of the pandemic, which temporarily stalled the market, we saw the first signs of recovery in property sales
Biden’s $1.6 trillion budget calls for a 19% budget increase for HUD
The Biden administration unveiled a $1.6 trillion discretionary spending request for 2023, which includes a 19% budget increase for the Department of Housing and Urban Development (HUD). If the request is approved by Congress, HUD could receive $71.9 billion, approximately
Pot it Like it’s Hot: Best Plants for Apartments
Houseplants are a great way to bring nature inside, but some apartment-dwellers may find it difficult to find the perfect plants for their space. Since some apartments have minimal natural light and square footage, it’s important to know which plants
Fannie Mae finalizes two additional credit insurance risk transfers
On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8 billion
Ginnie Mae EBO loan market buffeted by rising rates
Mortgage rates, rates New York-based Mortgage Industry Advisory Corp. (MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 billion. The two deals involve nonperforming loans that are eligible for
Profit margins are plunging for nonbanks
Nonbanks and mortgage subsidiaries of chartered banks reported grim profitability figures in the fourth quarter of 2021, when costs reached a new high and margins fell to the lowest level since early 2019. And most industry observers think it will
Mortgage Underwriting: What You Need to Know
Mortgage underwriting is a necessary step in the mortgage origination process and begins when the seller accepts the offer you submitted to purchase a home. Either you or your real estate agent contacts your lender, who then collects the necessary
Tiny House Living: What to Know About Living Big in a Small Space
The home we choose to buy has a significant impact on our lives. Do you buy a classic Cape Cod-style home? Maybe something more unique like a Victorian house? What about taking the leap and purchasing a tiny house? Purchasing
Maxwell adds Amy Brandt to board of directors
Digital mortgage platform Maxwell has brought on Amy Brandt to its board of directors to gain perspective on the challenges that lenders face and the gaps in the mortgage digitalization process. A veteran with two decades of experience in digital