Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. Borrowers can use this loan to finance a manufactured
NAMB will focus advocacy on trigger leads, 3% QM rule
The National Association of Mortgage Brokers (NAMB), a trade association representing mortgage professionals and homebuyers since its establishment in 1973, announced its agenda for 2023 at it NAMB National conference. According to a statement, NAMB pledged to advocate for a
People Leaving Portland Are Looking to Move to These 10 Cities
Home to 650,500 people, Portland, OR is a unique city known for its coffee, hipster culture, and craft beer scene. In Portland, the locals enjoy a wide range of delicious cuisines, plenty of recreational activities in and near the city,
Idaho Housing Market Forecast 2022 & 2023
Idaho Housing Market Trends According to Redfin, in September, Idaho home prices were up 2.5% year on year. The number of homes sold plummeted by 30.9% while the number of properties for sale increased by 9.7%. While the demand is
Opinion: Title firms can win more business by turning workflow weaknesses into strengths
It’s clear that 2023 will be a very different year for the title industry than what we’ve experienced in the recent past. Despite the forecasted decline in orders, we’re still expecting an overall origination volume of just over $2 trillion.
Rithm delivers $124.5M Q3 profit, announces acquisition
Rithm Capital, formerly known as New Residential Investment, delivered a $124.5 million profit from July to September, due primarily to its servicing portfolio performance. In the third quarter, the company intensified the diversification of its businesses and further downsized its mortgage business amid
Will The Housing Market Crash: Real Estate Crash Again?
When Will the Housing Market Crash? As more signs show that the housing market is already slowing down in 2022, many people are wondering: Will the housing market crash or collapse in the near future? More and more housing analysts
Mortgage demand declines at a slower pace
Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve’s (Fed) meeting to announce the new target for the federal funds rate. According to the latest survey from the Mortgage
Housing Market Predictions | Real Estate Market Forecast
Housing Market Predictions The housing market saw an incredible year last year, with record-low interest rates, the strongest yearly growth in single-family values and rentals, a generational low in foreclosure rates, and the highest number of home sales in 15
RON bill grinds to a halt in the U.S. Senate
Things were looking good for the Securing and Enabling Commerce Using Remote and Electronic Notarization (SECURE) Act as of late July after it passed in the House of Representatives as part of a package of bills. However, the bill’s momentum
Is it a Good Time to Buy a House or Should I Wait Until 2023-2024
Should I Buy a House Now or Wait? Check out the latest housing trends for the previous month if you’re unsure whether it is a good time to buy a house or if should you wait until 2023. It’s becoming
People Moving Out of Austin Are Considering These 10 Cities
There is something for everyone in Austin, TX. Whether you’re looking for a lively nightlife scene, a robust job market, or an affordable cost of living, you’ll find it in Austin. With a whopping 966,000 residents living in Austin, it’s
HW Annual 2022: HW Media Update
HW Media Update Starting in 2018, HW Media started focusing on events for marketers with Engage Marketing. In 2022 this tradition was continued with the Marketing Leader Success Summit at HousingWire Annual in Scottsdale. In this update Clayton Collins and
Boise Real Estate Market: Prices And Forecast 2022 & 2023
Is the Boise Housing Market Cooling Off? Boise had a hot housing market during the pandemic-fueled boom. The housing market conditions we experienced for the last two years were unique. Historically low inventory, coupled with rampant demand, resulted in above-average
What is a 2-1 temporary rate buydown?
As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that
Pressure is back on sellers to attract buyers as demand softens
Go to Source Author:
Recent renters reveal five winning strategies to land a place in today’s hot market
Go to Source Author:
Home price growth slows further in August
Annual home-price growth slowed further in August, with year-over-year price gain shrinking for the fifth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide home prices posted a year gain of 13.0% in August, bringing
Mortgage production will fall 9% in 2023: MBA forecast
Recession is coming, according to the Mortgage Bankers Association. The MBA forecasts a recession in the first half of 2023, with the unemployment rate at 5.5% and inflation at the 2% target by the end of next year. The economic
Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing
As the risk of wire and title fraud increases, the discussion around the problem in the industry grows louder. Earlier this year at MBA Tech 2022, the Mortgage Bankers Association held a panel that included title industry executives, lender risk
Invitation Homes seeking $1B JV as home prices fall: report
Single-family rental behemoth Invitation Homes is seeking a joint venture partner to take advantage of the latest drop in home prices, according to a report by Bloomberg. The company is working with commercial brokerage Eastdil Secured to find a partner
MBA’s Broeksmit takes aim at CFPB
America is in a “full damage control mode” while the Federal Reserve attempts to control inflation, inflicting pain on the mortgage industry – and that’s when “bad policies have a habit of rearing their ugly head,” according to Mortgage Bankers
Matt Rocco, new MBA chair, emphasizes affordable rental housing focus
On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. Rocco, the CEO of Grandbridge Real Estate, a commercial real estate investment bank subsidiary
Anywhere Real Estate appoints its first ever chief product officer
Real estate brokerage and services company Anywhere Real Estate announced last week that it is appointing Tony Kueh as its first chief product officer. In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments.