Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Mortgage

Application Volume Trends Steady

After what appears to be a weather induced decline in application volume in January, the February total increased 10.2% to 8,149 applications.  According to Reverse Market Insight's (RMI's) Industry Trends Report January 2011, application volume has been hovering around 8,000 units since November.

 

While this is a 22.7% increase over volume from a year ago, it is still floating below the 10,000 application level that RMI considers to be necessary to move endorsement volume into a recover and growth mode.

In terms of loan distribution for January, HECM Saver made up 4.3% of total endorsements.  Given the time displacement between application and endorsement, RMI estimates that the Saver currently makes up about 10% of applications.

Year-over-year endorsement volume is still down by 15.2%, however, January 2010 marked the beginning of serious declines and should the current trend continue, endorsement volume should cross over to positive growth in February or March.  This would put 2011 volume somewhere between 2009 and 2010.

Year Over Year Endorsement Trend

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Are we back to a normal housing market?

Favorable demographics should keep the housing market ticking. But watch for home prices escalating out of control and rates moving up sharply, writes columnist Logan Mohtashami. HW+ Premium Content

Jul 26, 2021 By
3d rendering of a row of luxury townhouses along a street

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