Fannie, Freddie CEOs hit back at criticism over refi fee, Pending Sales Up With ‘No Sign of Slowing’, Housing Prices ‘Defy Logic’: Is Market ‘Too Hot’?

Mortgage News for 8/28/20

Loan Officer Recruiting, Insurance Agent Recruiting, Investment Advisor Recruiting

TARGETED LOAN OFFICER RECRUITING & BIZ DEV---EMAIL AND PHONE NUMBER LIST OF ACTIVE LOAN OFFICERS-Reach loan officers efficiently.

Simple offer--loanofficer email list.

Uses include:

  • New loan officer recruiting
  • Branch development
  • Obtaining referrals from fellow loan officers
    for programs you offer but they do not
  • Wholesale/Correspondent Marketing efforts
  • Remote Loan Officers

AUGUST 2020 RECORD COUNTS

California only list 87,191 Records
Florida ... Read more

Two mortgage pros get federal fraud convictions tossed, Banks Report: Billions of Dollars in Loan Repayments Deferred, Intercontinental Exchange to Acquire Ellie Mae

Mortgage News for 8/21/2020

Loan Officer Contact List, Insurance Agent Contact List, Investment Advisor Contact List

TARGETED LOAN OFFICER RECRUITING & BIZ DEV---EMAIL AND PHONE NUMBER LIST OF ACTIVE LOAN OFFICERS-Reach loan officers efficiently.

Simple offer--loanofficer email list.

Uses include:

  • New loan officer recruiting
  • Branch development
  • Obtaining referrals from fellow loan officers
    for programs you offer but they do not
  • Wholesale/Correspondent Marketing efforts
  • Remote Loan Officers

AUGUST 2020 RECORD COUNTS

California only list 87,191 Records
Fl... Read more

Two mortgage pros get federal fraud convictions tossed, Banks Report: Billions of Dollars in Loan Repayments Deferred, Intercontinental Exchange to Acquire Ellie Mae

Mortgage News for 8/7/2020

Loan Officer Contact List, Insurance Agent Contact List, Investment Advisor Contact List

TARGETED LOAN OFFICER RECRUITING & BIZ DEV---EMAIL AND PHONE NUMBER LIST OF ACTIVE LOAN OFFICERS-Reach loan officers efficiently.

Simple offer--loanofficer email list.

Uses include:

  • New loan officer recruiting
  • Branch development
  • Obtaining referrals from fellow loan officers
    for programs you offer but they do not
  • Wholesale/Correspondent Marketing efforts
  • Remote Loan Officers

AUGUST 2020 RECORD COUNTS

California only list 87,191 Records
Fl... Read more

Pending home sales up for second straight month, Homeownership hits highest level in over a decade, Numbers of Prospective Homebuyers on the Upswing

Mortgage News for 7/31/2020

Pending home sales up for second straight month

Pending home sales rose for the second straight month in June, according to the National Association of Realtors. Each of the four major US regions posted month-over-month growth, and the Northeast was the only region not to record increases in year-over-year pending home sales.

NAR’s pending Home Sales Index (PHSI) rose 16.6% to 116.1 in June. Contract signings rose 6.3% year over year. A PHSI reading of 100 is equal to the level of contract activity in 2001.

“It is quite surprising and remarkable that, in the midst of a global pandemic, contract activity for home purchases is... Read more

Home Sales Surpass Pre-Pandemic Numbers, Housing Inventory Down 32% Annually, Mortgage Delinquencies Hit Four-year High, Loan Officer Email List, Insurance Agent List, Investment Advisor List

Mortgage News for 7/18/2020

Home Sales Surpass Pre-Pandemic Numbers

Redfin’s report on housing reveals that for the week ending on July 5, home sales rose once more. Specifically, home sales rose by 2% when compared to pre-pandemic home sales.

This recovery in the housing market marks the very first time that home sales have surpassed pre-pandemic levels since January and February. According to Redfin, this increased housing demand is due to the low mortgage rates currently available.

Freddie Mac’s Primary Mortgage Market Survey revealed that mortgage rates fell below 3% for the first time in 50 years, with the rate for a 30-year fixed-rate mortgage falling t... Read more

Chuck E. Cheese bankruptcy casts shadow over hundreds of restaurant leases, Pre-pandemic home-price appreciation remains undisturbed, Mortgage rates fall to new all-time low this week

Mortgage News for 7/3/2020

Chuck E. Cheese bankruptcy casts shadow over hundreds of restaurant leases

In a move certain to send shockwaves across the commercial real estate market, the parent corporation of well-known arcade and pizza chain Chuck E. Cheese filed for Chapter 11 bankruptcy protection last week in order to have a “critical conversation” with its landlords and restructure its balance sheet.

The announcement by parent company CEC Entertainment casts a shadow over the future of more than 700 Chuck E. Cheese and Peter Piper Pizza locations across the country, already suffering from prolonged closures brought about by the COVID-19 pandemic.

As a par... Read more

Pending home sales see historic jump, Pending Home Sales See Biggest Gain Since 2001, Little Movement Expected for Mortgage Rates in July

Mortgage News for 6/30/2020

Pending home sales see historic jump

Pending home sales soared in May after two down months due to the COVID-19 pandemic, reinforcing many observers’ confidence about the housing market’s resilience and role in the country’s economic revival.

The Pending Home Sales Index (PHSI), a metric based on contract signings developed by the National Association of Realtors (NAR), surged 44.3% to a reading of 99.6 in May. While contract signings dropped year over year 5.1%, the massive monthly jump is the highest month-over-month gain in the index’s history, going back to its inception in January of 2001.

“This has been a spectacula... Read more

NAR’s plan to help increase Black American homeownership, Mortgage rates drop again as US inflation rate plummets, Bidding wars up as buyers re-emerge, housing shortage grows

Mortgage News for 6/19/2020

NAR’s plan to help increase Black American homeownership

The National Association of Realtors laid out a five-point plan for how the real estate industry can step up to provide support in increasing the number of Black American homeowners.

While the homeownership rate for Black households has slightly improved and now sits at 44%, compared with an overall U.S. rate of 65.3%, it was only a year ago that it fell to 40.6%, which not only was the lowest level in the Census Bureau’s quarterly data going back to 1994 but was also the smallest share recorded for Black households since the 1950 decennial Census when it was 34.5%.

NAR Chief ... Read more

Purchase Applications Rise for Eighth Straight Week, Home Flipping Represents Growing Share of Home Sales, Home purchase sentiment inches upward, credit availability recedes

Mortgage News for 6/13/2020

Purchase Applications Rise for Eighth Straight Week

The Mortgage Bankers Association (MBA) revealed mortgage applications rose 9.3% weekly for the week ending June 5.

Purchase applications continued its run of success, rising week-over-week by 15% and annually by 13%.

"Fueled again by low mortgage rates, pent-up demand from earlier this spring, and states reopening across the country, purchase mortgage applications and refinances both increased. The recovery in the purchase market continues to gain steam, with the seasonally adjusted index rising to its highest level since January. Purchase activity increased for the ei... Read more

Low mortgage rates nudge buyers to jump into the market despite COVID-19, CoreLogic: Home prices expected to decline annually for first time in nine years, Housing ‘Likely’ Hit Low Point

Mortgage News for 6/6/2020

Low mortgage rates nudge buyers to jump into the market despite COVID-19

Despite the coronavirus pandemic, buyers became more motivated to purchase a home in the next 12 months, according to LendingTree's latest survey.

In a survey of more than 1,000 prospective homebuyers, LendingTree found that 53% of respondents were more likely to buy a home in the next year due to the COVID-19 outbreak. These potential buyers cited record-low mortgage rates (67%) and reduced home prices (30%) as some of their top motivators to purchase in the next 12 months.

In addition, 32% of those who want to buy next year said they were able to save a large... Read more

The 'treasure trove' many LOs ignore – and why you shouldn't, Surveys reveal enthusiastic buyers, underinformed homeowners, Institutional Risk Analyst: “financial Armageddon” coming to commercial real estate

Mortgage News for 6/3/2020

The 'treasure trove' many LOs ignore – and why you shouldn't

If Richard Grieser could tell mortgage originators just one thing, it would be this:

“You have a treasure trove sitting underneath your fingertips. You don’t even need to be looking for new business right now. You could fill up your pipeline simply by looking at your (previous) borrowers’ needs.”

Grieser, vice president of marketing at Sales Boomerang, said that’s even true as the COVID-19 pandemic batters the economy.

“We’ve got a bunch of clients, and a lot of them are doing very well in this climate,” he said.
“Peo... Read more

Report: Lowest Level of Home Sales Since July 2010, V-shaped recovery? Homebuyer demand surpasses BC levels, Fannie Mae & Freddie Mac Released Guidance on Borrower Payment History for Those Needing COVID-19 Forbearance, List of Mortgage Brokers, List of Licensed Insurance Agents, List of Licensed Financial Planners

Mortgage News for 5/23/2020

Report: Lowest Level of Home Sales Since July 2010

Existing-home sales fell 17.8% month-over-month in April to an adjusted rate of 4.33 million, according to the National Association of Realtors (NAR).

April’s report represents the lowest level of sales since July 2010 (3.45 million) and the largest monthly drop since July 2010 (-22.5%).

Sales fell annually by 17.2% (5.23 million in April 2019).

“The economic lockdowns—occurring from mid-March through April in most states—have temporarily disrupted home sales,” said Lawrence Yun, NAR’s Chief Economist.
“Bu... Read more

Housing in for roller coaster rebound post-coronavirus, Will COVID-19 Cause a Move to the Suburbs?, What does May rental and mortgage payments tell us about the housing market?

Mortgage News for 5/11/2020

Realtor.com: Housing in for roller coaster rebound post-coronavirus

Realtor.com has revised its 2020 Housing Market Forecast to take the impacts of COVID-19 into account, and the real estate website now foresees a rebound that may not be as upwardly linear as many hope.

The new report, written by Realtor.com chief economist Danielle Hale, anticipates home sales to bounce back as concerns about the virus dips. However, Hale cautioned that a later drop in sales may be in the cards, partly stemming from a future rise of infections as the coronavirus curve enters a potential second wave. That, coupled with lingering unemployment, will lead to... Read more

FHFA Extends Mortgage Origination Flexibilities, 47% of U.S. Realtors expect COVID-19 to decrease business by at least half, Americans are buying homes again, mortgage data shows, Loan Officer List, Insurance Agent List, Investment Advisor List

Mortgage News for 5/11/2020

FHFA Extends Mortgage Origination Flexibilities

The Federal Housing Finance Agency (FHFA) extended several loan origination flexibilities currently offered by Fannie Mae and Freddie Mac designed to help borrowers during the COVID-19 national emergency. Those flexibilities are extended until at least June 30 and include:

Alternative appraisals on purchase and rate term refinance loans;

Alternative methods for verifying employment before loan closing;

Flexibility for borrowers to provide documentation (rather than requiring an inspection) to allow renovation disbursements (draws); and

Expanding the use of power ... Read more

Nearly 29% of Americans plan to pay mortgage with their stimulus checks, Can the housing market survive COVID-19 through the first half of 2020?, Mortgages in Forbearance Increase to More Than 3%

Mortgage News for 4/17/2020

Nearly 29% of Americans plan to pay mortgage with their stimulus checks

As the first batch of taxpayers wait for their stimulus checks to arrive in the coming weeks, more than a quarter of Americans have decided to spend their relief money on rent or mortgage.

Eligible Americans can receive a one-time $1,200 payment from the federal government as part of a $2 trillion relief package intended to help counter the negative financial and economic impacts of coronavirus.

But even with the government relief package, most low-income households are forced to pick between paying rent and putting food on the table. MagnifyMoney's latest survey ... Read more

Report: 15M Americans Could Stop Paying Home Loans, ClosingCorp streamlines management of settlement services, The Mortgage Industry Should Expect Fallout With Americans Moving At Record-Low Numbers, Loan Officer Email List, Insurance Broker Email List, Financial Planner Email List

Mortgage News for 4/4/2020

Report: 15M Americans Could Stop Paying Home Loans

The Cheif Economist at Moody's Analytics estimates that as many as 30% of Americans with home loans—nearly 15 million households—could stop paying their loans if the economy is closed through the summer.

“This is an unprecedented event,” said Susan Wachter

,professor of real estate and finance at the Wharton School of the University of Pennsylvania, in an article by the Los Angeles Times.

“The great financial crisis happened over a number of years. This is happening in a matter of months—a matter of weeks.”

An... Read more

Older Millennials Driving Refinance Surge, FHFA Approves Loan Processing Flexibility by GSEs, UWM tightens VOE standards as jobless claims rise-- Adds day-of-closing VOE check

Mortgage News for 4/4/2020

Older Millennials Driving Refinance Surge

The refinance share for all loans closed to millennial homeowners in February was 34%, which is tied for the highest share since Ellie Mae began tracking this data in 2016.

Conventional loans represented 75% of all loans closed by this group for the month. The refinance share rose to 41% as average rates for this loan type fell to 3.86% from 3.98%.

The Elli... Read more

The retail sector vs. COVID-19, Are Prospective Homebuyers Still Optimistic?, Citadel acquired by global investment firm, Licensed Loan Officer List, Licensed Insurance Agent Email List and Licensed Investment Adviser List

Mortgage News for 3/28/2020

The retail sector vs. COVID-19

As restrictions continue to tighten, and fears continue to mount surrounding the spread of coronavirus, retailers are under immense strain. Many have temporarily closed their doors, either voluntarily or mandated by the government in efforts to help reduce the spread.

The World Health Organization declared coronavirus a pandemic on March 11. Total retail traffic in early March fell 9.1%, while retail traffic saw a dip by 3.9% and luxury retail took the deepest dive with a decline of almost 15%, according to Morgan Stanley analysts.


While this pandemic is certainly impacting retail in a bi... Read more

Why are Home Prices in the Midwest Booming, Fannie Mae, Freddie Mac, HUD suspending all foreclosures and evictions, COVID-19 Update: HUD Suspends Face-to-Face Requirements, Loan Officers Email List, Insurance Agents Email List and Investment Advisers Email List

Mortgage News for 3/20/2020

Why are Home Prices in the Midwest Booming?

Home prices across the U.S. rose 6.96% in 2019, the largest annual increase in more than a decade, according to Radian Home Price Index (HPI) data. The 6.96% annual gain from December 2018 to December 2019, was down slightly from the year-over-year increase of 7.98% reported at the end of the Q3 2019.

Nationally, 2019 will be remembered for having the 5th strongest rate of home price appreciation recorded over the last two decades. The years from 2002-2005 recorded the four strongest annual rates. Practically speaking, it shouldn’t be a surprise that areas hardest hit during the Great Recess... Read more

Mortgage lender outlook posts record high in Q1, MBA doubles 2020 refinance forecast, Where Negative Equity is Concentrated, List of Loan Officers, List of Insurance Agents and List of Financial Planners

Mortgage News for 3/13/2020

Mortgage lender outlook posts record high in Q1

The profit-margin outlook for mortgage lenders hit a new survey high as strong consumer demand for mortgages continued to drive lenders' expectations of increased profitability.

Fifty-one percent of lenders believe profit margins will rise this quarter compared to the previous quarter, according to the Fannie Mae Mortgage Lender Sentiment Survey. Meanwhile, 44% think that profits will remain the same, and only 4% anticipate they will decrease.

Demand for both purchase and refinance mortgages continued to spur lenders' increased profitability outlook. Lenders cited operational effic... Read more

Rates Hit All Time Low, Glenn Stearns Back In, Average FICO Reaches Record High, Loan Officer Lists, Insurance Agent Lists, Financial Planner Lists

Mortgage News for 3/6/2020

Mortgage rates hit lowest level in almost 50 years

The 30-year fixed-rate mortgage hit 3.29% Thursday – the lowest interest rate Freddie Mac has recorded since 1971.

Freddie's Primary Mortgage Market Survey revealed that the 30-year FRM plunged from last week's 3.45% and was lower than last year's 4.41% average.

"The average 30-year fixed-rate mortgage hit a record 3.29% this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10% last week from one year ago and showed no signs of slowing down," said Freddie Mac Chief Economist Sam Khater.

The 15-... Read more

Contact Us/Order Samples

For any questions OR a sample of the records please submit the following form.

Submit your comments, questions, or requests below. If you include your phone number, we will call you back.

Source:

I am Interested In: