Housing Wire

APRIL 8, 2024

Marty Green, principal at mortgage law firm Polunsky Beitel Green , suggested that the CFPB report is missing some important details, including the availability of loans without discount points in the market. The percentage of homebuyers paying discount points roughly doubled from 2021 to 2023,” the report said. “The

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Housing Wire

MAY 2, 2023

A coalition of fiscal officers from 27 state governments called on the Biden administration and the Federal Housing Finance Agency (FHFA) to scrap the loan-level pricing adjustment (LLPA) fee changes that went into effect on May 1. House of Representatives , led by Rep. Andy Biggs (R-Ariz.),

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Housing Wire

JANUARY 20, 2021

The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. To find a qualified lender, you need a good credit score and a good debt-to-income ratio, which is the percentage of a consumer’s monthly gross income that goes to paying down debt. Work On Your Credit Score.

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Housing Wire

JULY 29, 2022

Net revenues increased by $200 million in the first six months of the year compared to last year, thanks to higher base guarantee fee income, an increase in the size of Fannie Mae’s guaranty book of business and higher income from portfolios. The share of loans with credit scores below 680 grew to 9%, up from 6% this time last year.

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Housing Wire

APRIL 7, 2021

Your Income Is Stable. Your Income Is Stable. How are your finances? A stable income means you’re more likely to be approved for a loan , than someone with an unstable income. Not to mention, if your finances are solid, you’ll be able to afford all those extra housing expenses. Yes, seriously.).

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Housing Wire

MARCH 15, 2023

Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

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Housing Wire

JUNE 8, 2023

House of Representatives that would reinstate the Loan Level Price Adjustment (LLPA) structure that was in place prior to May 1, 2023. The new version seeks to restrict Federal Housing Finance Agency (FHFA) adjustments to the single-family pricing framework and prohibit LLPA changes based on debt-to-income ratio.

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Realty Biz

FEBRUARY 22, 2024

Key Takeaways from this Article Gather all documentation to get pre-approved, including your SSN, proof of income, banking information, and tax forms. Make sure all your finances are squared away, including disputing incorrect data on your credit report or paying off existing debts to signal to lenders you can afford your mortgage.

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Housing Wire

DECEMBER 12, 2023

Research from the AEI Housing Center found that these buydowns are not only an effective tool to qualify income-constrained buyers and alleviate excess inventory, but they have also allowed builders to forgo home price cuts. Limited to loans with CLTV 76-80 and FICO 720-770 to control for the effect of loan level pricing adjustments.

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Housing Wire

APRIL 26, 2023

Federal Housing Finance Agency (FHFA) Director Sandra Thompson issued a statement Tuesday to correct the misinformation that’s spread about the agency’s loan-level pricing adjustments to conventional mortgages. No change is more controversial than the LLPA tied to a borrower’s debt-to-income ratio.

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Real Trends

MARCH 8, 2023

What do you do when your buyer’s financing is denied? The following tips are tried and true solutions to financing issues! Note: Legally, a lender must give the reason a borrower is being denied their loan. Would changing the loan program change the requirement? Ratio issues What does this even mean?

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Realtor.com

NOVEMBER 28, 2022

designer491/iStock FHA loans, which are insured by the Federal Housing Administration, help home buyers secure financing to buy a home despite their low income, lack of savings, or poor credit scores—the kind of things that often prevent people from getting a conventional loan. A maximum debt-to-income ratio of 43%.

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Housing Wire

FEBRUARY 6, 2023

The Federal Housing Finance Agency and the GSEs are improving pricing for lower FICO/ High LTV borrowers and consequently offsetting those price reductions elsewhere. The Federal Housing Finance Agency and the GSEs are improving pricing for lower FICO/ High LTV borrowers and consequently offsetting those price reductions elsewhere.

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HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan. What is a bridge loan, in simple words?

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Housing Wire

JANUARY 25, 2021

million mortgage originations between 2012 and 2018 from Freddie Mac’ s Single-Family Loan-Level dataset, Haus found that the sweet spot for rates is typically in January, when mortgage originations also typically slump. Surprisingly, a borrower who lowers their debt to income ratio doesn’t move the needle much on rates.

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Housing Wire

JUNE 4, 2021

Your score will determine your financing options for buying a house. If you have poor credit, it’s less likely a lender will approve you for a loan. If you have poor credit, it’s less likely a lender will approve you for a loan. Step 2: Look At Different Loan Options. with an FHA loan. each month?

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HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. What is a bridge loan, in simple words? How does a bridge loan work in Connecticut? You’re not alone.

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HomeLight

NOVEMBER 7, 2023

Enter the bridge loan, a financial tool designed to bridge this very gap. Enter the bridge loan, a financial tool designed to bridge this very gap. If you need assistance navigating the use of a bridge loan in Oklahoma, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words?

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HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a potential lifeline in this complex process. In this post, we’ll provide tips and insights about bridge loans in Pennsylvania, and how to Buy Before You Sell. If you need assistance navigating the use of a bridge loan in Pennsylvania, HomeLight encourages you to reach out to your own advisor.

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Housing Wire

MAY 4, 2022

A housing bubble can generally be defined as an unsustainable period of house price growth generated by artificial demand, as was the case in the mid-2000s when demand surged because of wider access to mortgage financing. The mortgage debt-to-income ratio is near a four-decade low and homeowner equity is at a historic high.

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Housing Wire

JUNE 9, 2023

When looking at the nonbank share of all loans broken down by investor ( Fannie , Freddie , and Ginnie Mae ) the glaring data point that stands out is that nonbanks do well over 80% of all loans being made today. But let’s start with the basics as to who really is expanding credit access in the market. Why does this all matter?

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HomeLight

DECEMBER 15, 2023

However, there’s one financial tool you probably haven’t considered – a bridge loan. A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. What is a bridge loan, in simple words?

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HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. But there’s an alternative that might just be the solution you’re looking for: a bridge loan. What is a bridge loan, in simple words?

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HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. But there’s another option that you probably haven’t considered: a bridge loan. If you need assistance navigating the use of a bridge loan in Miami, HomeLight encourages you to reach out to your own advisor.

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HomeLight

DECEMBER 7, 2023

Enter the bridge loan – a short-term financing option. Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. If you need assistance navigating the use of a bridge loan in Washington, D.C.,

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Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers.

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HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell.

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Housing Wire

MARCH 4, 2021

” The bureau said: “extending the mandatory compliance date of the general QM final rule would allow lenders more time to offer QM loans based on the homeowners’ debt-to-income ratio, and not solely based on a pricing cut-off.”. .” This also only extends the dependency on government-supported loans.

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Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

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HomeLight

NOVEMBER 30, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. But there’s an alternative that might just be the solution you’re looking for: a bridge loan. What is a bridge loan, in simple words? How does a bridge loan work in Iowa?

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Housing Wire

JUNE 29, 2022

Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders. For mortgage professionals looking to buoy their loan volume through the rest of the year and beyond, understanding the motivations, behaviors and the barriers to entry for these borrowers will only become more vital for success.

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Housing Wire

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. Riches in the niches. trillion in 2022.

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Housing Wire

DECEMBER 31, 2020

The incoming Biden administration has an opportunity now to reshape the housing finance system for the long term by taking the next logical step in the evolution of the GSEs by combining both entities into one housing finance market utility.

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Marco Santarelli

MAY 27, 2024

If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. Unfortunately, conventional loans are generally not assumable.

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HomeLight

NOVEMBER 30, 2023

However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. What is a bridge loan, in simple words?

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HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. Enter the bridge loan. If you need assistance navigating the use of a bridge loan in Missouri, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words?

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HomeLight

JANUARY 30, 2024

It’s a common dilemma: you must sell to finance your next home, but where do you live? But a potential solution to this buy-sell conundrum is a bridge loan. This short-term financing tool could be the very thing you need to bridge the gap, allowing you to purchase your new Denver home before you’ve sold your old one.

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