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What is HousingWire? HousingWire is a news and information source covering the entire mortgage and housing industry, featuring breaking news, analysis, and opinion content for industry professionals and consumers alike. The website offers comprehensive coverage of the latest developments, market trends, and regulatory issues affecting the mortgage and real estate industry.
Does HousingWire offer job postings or career resources? Yes, HousingWire has a dedicated section on its website for job postings and career resources. The website also hosts webinars, events, and conferences that feature networking opportunities and career development workshops.
Does HousingWire charge for access to its content? Some of HousingWire's content is freely available online, but the website also offers premium content and research reports that require a subscription to access. HousingWire also offers a print magazine that is available by subscription.
How often is HousingWire updated? HousingWire is updated daily with fresh news, analysis, and opinion content. The website's editorial team works around the clock to provide comprehensive coverage of the industry, breaking news, and timely insights for its audience.
Can readers contribute content to HousingWire? Yes, HousingWire welcomes guest contributions from industry experts and thought leaders. The website's editorial team reviews all submissions for quality and relevance before publishing them.
What kind of content does HousingWire publish? HousingWire covers a wide range of topics related to the mortgage and real estate industry, including news stories, analysis, commentary, and research reports. The website's content is organized into several categories, such as mortgage lending, servicing, technology, real estate, and policy and regulation.
Does HousingWire offer advertising opportunities? Yes, HousingWire offers a variety of advertising opportunities, including sponsored content, display advertising, and email marketing campaigns. The website's advertising team can help interested parties develop customized advertising packages based on their specific needs and goals.
Who is HousingWire's target audience? HousingWire's target audience includes mortgage and real estate professionals, policymakers, industry analysts, investors, and consumers who are interested in staying up-to-date on the latest trends and developments in the housing and mortgage market.
Is HousingWire active on social media? Yes, HousingWire has an active presence on social media platforms such as LinkedIn, Twitter, Facebook, and Instagram. The website's social media accounts are used to promote its content, engage with its audience, and share industry news and insights in real-time.
What makes HousingWire stand out from other news sources? HousingWire is unique in its focus on the entire housing and mortgage industry, rather than just one aspect of it. The website's comprehensive coverage and analysis of the latest trends, breaking news, and regulatory issues, makes it a valuable resource for professionals and industry watchers who want to stay informed and ahead of the curve.
Popular Questions
Is loanDepot going out of business? loanDepot is trying to right-size and make strategic moves during a difficult environment. The company is not in danger of bankruptcy, as it has almost a billion in cash and $2.2 billion in mortgage servicing rights it can sell.
Why is loanDepot closing? California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter.
Who bought out loanDepot? In fact, the recent purchase by Founder & Executive Chairman Anthony Hsieh was not their only acquisition of loanDepot shares this year. Earlier in the year, they paid US$6.93 per share in a US$8.7m purchase.
What is going on with loanDepot? Nonbank lender loanDepot is making what appears to be the largest series of cuts in the mortgage industry this year, eliminating 4,800 jobs over the course of 2022.
What is happening in the mortgage market? The Fed is currently hinting that rates could rise as high as 4.6% in 2023. Estimates as of early October, 2022 put the average rate on a 30-year mortgage at 7.06%. While it's reasonable to expect rates to shoot up even higher, just how much higher remains to be seen.
Are mortgage companies laying off employees? The mortgage industry has been facing a wave of layoffs since late 2021. Surging rates are reducing lenders' production, forcing them to cut costs, mainly staff hired to take advantage of the 2020 and 2021 refinancing boom.
Are mortgage applications going down? Overall, demand for mortgages is at the lowest level since 1997. Mortgage applications to purchase a home dropped 2% from the prior week and were 42% lower than the same week in 2021.
Is sprout mortgage out of business? “Sprout Mortgage closed doors today very abruptly,” wrote Glenn Toher, branch/production manager at the shuttered firm. “I was fortunate to 'lead' and 'work with' some great people. Our division constantly exceeded goals.
Who bought Pennymac mortgage? Notably, that recent purchase by David Spector is the biggest insider purchase of PennyMac Mortgage Investment Trust shares that we've seen in the last year. That implies that an insider found the current price of US$14.86 per share to be enticing.
What kind of mortgage is Pennymac? Pennymac mortgage variety of loan types For conventional purchase mortgages, the lender offers fixed-rate loans with terms ranging from 15 to 30 years, as well as adjustable-rate mortgages. Jumbo loans and loans for second homes and investment properties are also available.
Is Pennymac backed by the federal government? It is also an approved issuer of securities guaranteed by the Government National Mortgage Association ("Ginnie Mae"), a lender of the Federal Housing Administration ("FHA"), a lender/servicer of the Veterans Affairs ("VA"), and the U.S. Department of Agriculture ("USDA").
Is Pennymac easy to get approved for? Pennymac will accept a FICO score as low as 620 for conventional loans, though the lender says that a conventional loan may be a good fit for a customer with a score of at least 680. You'll generally want to have a debt-to-income ratio no higher than 45% to get a conventional home loan from Pennymac.
Are home prices dropping in NJ? Statewide, new listings were down about 7.3%. The median sales prices dropped nearly 5% from $500,000 to $476,000. And the number of days a home spent on the market before going under contract rose nearly 19% from 28 to 33 days, month over month, according to New Jersey Realtors data.
Will mortgage interest rates go down in 2023? As for mortgage rates, some experts anticipate that the best-case scenario for a 30-year fixed rate will be roughly 5.5% by the end of 2023. Others expect rates to stay in the range of 6.5% to 7.5% throughout the year, with Freddie Mac predicting an average 6.4% in a recent forecast.
Are home prices falling in Florida? Recent months have seen month-on-month declines in the Florida median sale price. From June 2022 to July 2022, Florida's median sale price fell by 2.7%, from $410,400 to $399,200. And then from July 2022 to August 2022, it fell by 1%, and from August 2022 to September 2022 by 0.7%.
What is an MSA in mortgage business? Specifically, MSAs are marketing agreements that are generally undertaken by a lender or a title company and a service provider in which the lender or title company pays the service provider a monthly fee based on the “fair market value of marketing and advertising services performed.” Critics of MSAs claim that ...