A March rate hike is still on

Despite the ongoing conflict in Ukraine, Federal Reserve Chair Pro Tempore Jerome Powell plans to raise rates by 25 basis points, and soon.

March 3, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. Fed's Powell backs rate hike of 25 basis points Politics & Money, Mortgage Despite the ongoing conflict in Ukraine, Federal Reserve Chair Pro Tempore Jerome Powell plans to raise rates by 25 basis points, and soon. Bye, bye refi: Purchase mortgage apps overtake refis Mortgage The mortgage industry has entered a purchase era, with refinance applications declining below 50% of the mix for the first time since June 2019. Digital Foreclosure Tools Improve Workflow Stavvy has created a foreclosure workflow for servicers to collaborate accurately with customers – with care and clarity. Enable document feedback, eSign capabilities, and RON features on a single, online platform.   Learn more! Sponsored by Stavvy A social post about appraisal bias prompts action Appraisals & Valuations This episode features discussion about inflation and a racist email sent by an appraiser that caught the eye of Rep. Maxine Waters. Listen Now! How to avoid home closing delays in 2022 Presented by Westwood Insurance Agency Learn how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. It's time to elevate the homeownership journey. SimpleNexus unites the people, systems, and stages of the mortgage process into a seamless, end-to-end solution spanning engagement, origination, closing, and business intelligence. See How! Sponsored by SimpleNexus Amid heavy financial losses, iBuyers bought 70,000 homes in 2021 Real Estate, Brokerage So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. A look behind this year's Tech100 winners Awards, Fintech, Mortgage, Real Estate, HW+ Exclusive Content Giving an inside look at this year's Tech100 winners, HW Media CEO Clayton Collins said, "But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. We must innovate. We must become more efficient. Homeowners deserve it. Our economy deserves it. Progress demands it." How to get accurate and affordable property valuations in seconds ClearAVM™ allows you to accelerate the valuation process and make smarter decisions with access to 139+ million properties nationwide, including non-disclosure states. Identify risks and get reliable valuations delivered at speed. Try it for free today! Sponsored by Clear Capital Reverse mortgage volume remains high despite dip, HMBS issuance steady in February Mortgage, Data February reverse mortgage volume showed a slight dip while remaining very high at a level above 5,000 units, while HMBS issuance remained stable. Fannie Mae announces first chief diversity and inclusion officer Politics & Money Fannie Mae has appointed Sharifa Anderson to fill the newly created role of senior vice president and chief diversity and inclusion officer. HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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