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Home2022October

Month: October 2022

Virginia
Air Bnb Newsroom

Supporting Virginia’s new tax collection and remittance law

October 24, 2022 Mariel Alumit Comments Off on Supporting Virginia’s new tax collection and remittance law

Last year, Hosts on Airbnb welcomed more than 1 million total guest arrivals to Virginia – and 67 percent of surveyed guests to Virginia reported that they would not have visited the neighborhood they stayed […]

Airbnb
Air Bnb Newsroom

Purr-fect stays: Over 3 million pets have traveled on Airbnb since November

October 24, 2022 Mariel Alumit Comments Off on Purr-fect stays: Over 3 million pets have traveled on Airbnb since November

Airbnb is celebrating its furry co-hosts and guests from around the world, and all quacks of life. Animals are not only traveling on Airbnb, but they’re also co-hosting with their human companions. Wonder-fur pet-friendly stays […]

Housing Wire

Prepayment activity reaches 22-year low on spiking interest rates

October 24, 2022 Mariel Alumit Comments Off on Prepayment activity reaches 22-year low on spiking interest rates

Drop in refis, soaring interest rates and rise in homeowner costs to utilize equity drove prepayment to the lowest level since November 2000. Prepayment activity dropped 14.9% to a single-month mortality (SMM) rate of 0.57% […]

existing home sales
Housing Wire

The silver lining in the existing home sales report

October 24, 2022 Mariel Alumit Comments Off on The silver lining in the existing home sales report

On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I […]

Housing Wire

Finance of America Mortgage announces shutdown

October 24, 2022 Mariel Alumit Comments Off on Finance of America Mortgage announces shutdown

Amid one of the most challenging mortgage markets since the great financial crisis, Finance of America Mortgage LLC (FAM)will shut down by the end of the year following its decision to exit the wholesale channel […]

Mortgage
Housing Wire

How to get the most out of mortgage conferences

October 24, 2022 Mariel Alumit Comments Off on How to get the most out of mortgage conferences

Conference season is here in full force. After a one-to-two-year break from in-person events due to the COVID-19 pandemic, it can be challenging to navigate the slew of mortgage conferences that hit the industry each […]

Housing Wire

How lenders can break through a siloed mortgage ecosystem

October 24, 2022 Mariel Alumit Comments Off on How lenders can break through a siloed mortgage ecosystem

HousingWire recently spoke with Kevin Koon-Koon, chief technology officer at Grid 151, about streamlining and simplifying how mortgage lenders interact with the rest of the ecosystem. HousingWire: What are some common challenges lenders face when […]

Housing Wire

The MSR sector continues to shine, but there is a looming concern

October 24, 2022 Mariel Alumit Comments Off on The MSR sector continues to shine, but there is a looming concern

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by […]

real estate market
Housing Wire

Opinion: Key signals to watch in a volatile real estate market

October 24, 2022 Mariel Alumit Comments Off on Opinion: Key signals to watch in a volatile real estate market

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of […]

FHFA
Housing Wire

FHFA tweaks g-fee pricing by eliminating some upfront fees

October 24, 2022 Mariel Alumit Comments Off on FHFA tweaks g-fee pricing by eliminating some upfront fees

The Federal Housing Finance Agency (FHFA) “as soon as possible” will eliminate upfront fees for certain borrowers and affordable mortgage products, which is part of an ongoing review of Fannie Mae and Freddie Mac’s guarantee […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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