Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. UWM from June 7 to June 20th, we’re gonna match any price, up to 35 basis points of a competitor, someone that you work with, one of the top 15 lenders that do what 90% of the business. Presented by: Deluxe.

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Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. When people say credit will get so tight that we are headed back to 2008 levels of lending, they’re telling me they’ve never read the MBA’s mortgage credit availability index, not even one time.

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Housing Wire

AUGUST 13, 2021

In February 2019, we wrote an article predicting this seismic shift, detailing how mortgage lenders could and should prepare to not only survive the shift but thrive in the future digital age. They don’t think, “I’m going to fill out a digital mortgage application or I’m going online to do my mortgage application.”

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Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. America braces itself, as do lenders. Quite the opposite.

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Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022.

Loans 370

Loans Banks Mortgages Investor 370

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. It was a big deal. We all watched the live stream from Times Square. “Homepoint was fantastic.

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Mortgages Loans Lending Equity 397

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Our previous best year for HELOCs was 2015, and that was about $320 million,” he added.

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Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

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Housing Wire

MAY 9, 2022

have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. As you can see below, home prices have deviated from disposable income in a much larger fashion in other parts of the world, making the U.S. And it’s not just here in America.

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Housing Wire

SEPTEMBER 7, 2023

The lender and LO can make or break the transaction.” After looking at listings online, a prospective homebuyer typically reaches out to a real estate agent who then gives them a list of recommended lenders and LOs. For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction.

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HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. Tell us a little bit about your property, and we’ll provide you with an all-cash offer within a week.

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Housing Wire

JUNE 10, 2022

What is the “American Dream?” The phrase is attributed to writer James Truslow Adams in the 1930s, who described it in part as an aspiration that “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”. A crisis of affordability. Americans feel the same way.

Mortgages 397

Mortgages Equity Industrial As-is 397

Realty Biz

DECEMBER 29, 2021

Your mortgage is going to be one of the biggest financial decisions you’re likely ever going to make. So when getting a mortgage, it’s important to do it right. And by right, we mean getting the best mortgage rate possible for your personal circumstances. Talk To Different Lenders. Improve Your Credit Score.

Mortgages 101

Mortgages Loans Banks As-is 101

Realtor.com

APRIL 29, 2021

Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand. Yet home loans aren’t always easy to understand—and there’s a lot of misinformation out there about how mortgages work. “A But when you meet with a lender, you might learn your price range actually caps at $500,000.

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Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

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Realtor.com

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. Get pre-approved ASAP.

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HomeLight

JUNE 16, 2023

But the reality of buying a house at auction typically means you’ll need lots of money in the bank (like, enough to purchase the thing outright), and that can be enough to bring your foreclosure auction dreams crashing back down to earth. The truth is that buying a home at auction is different from buying one the conventional way.

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Hard money loan Equity Finance Loans 78

Norada Real Estate

JUNE 22, 2022

In a conventional mortgage, the down payment is the smallest and the rate of interest is also lower. Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. We all know that in a real estate investment “cash-is-king.”

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Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Even traditional depository lenders are keen to bring aboard LOs from coast to coast.

Mortgages 450

Mortgages Banks Brokerage Loans 450

Realtor.com

APRIL 22, 2021

Getty Images That home-remodeling project may give you all the extra space you need. But how will you pay for it? But the best way to pay? “If If you have the cash, you should consider paying cash,” said Michael Silver, a certified financial planner in Boca Raton, Fla.

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Equity Renovation Banks Lending 88

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. Can you still put in an offer? Can you still put in an offer? How do you buy a foreclosure?”.

Pre-approval 97

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HomeLight

AUGUST 16, 2021

The first time you do something is always the hardest, and buying a house is definitely no different. First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Sometimes you’ll even find grants to help you with closing costs and down payments.

Loans 96

Loans VA loan FHA loan Purchase and sale agreement 96

Realty Biz

AUGUST 18, 2020

According to the Mortgage Bankers Association , just under four million American homeowners are in forbearance. Property owners impacted by the COVID-19 housing crisis are struggling to pay mortgages, and the imminent risk of foreclosure and bankruptcy looms large over the industry. Kris Lindahl. About Kris Lindahl. The Q & A.

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Purchase and sale agreement Bankruptcy Mortgages Commercial 104

HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. So if you list your home on Jan. Source: Ice Mortgage Technologies , Data for Sept.

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HomeLight

AUGUST 16, 2021

Have you been dreaming about homeownership? You know, just in case! The pool and the wallpaper are a good jumping-off point, but if you haven’t asked yourself the big question (“what do I need to buy a house? ”), then you may need to back up a step or five. Think you may want to buy a house?

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Closing costs Purchase and sale agreement Inspection Loans 104

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 He also said two other major factors have created tailwinds for the lender. • Lind points to Finance of America Mortgage , First Guarantee Mortgage Corp. billion, up from $2.1 They have tightened their belts.

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Lending Banks Investor Loans 370

RIS Media

DECEMBER 1, 2020

If you asked Donnell Williams , president of the National Association of Real Estate Brokers (NAREB)—an organization dedicated to housing for all, particularly among Blacks—what keeps him up at night, he would respond without hesitation: homeownership rates. More specifically, homeownership rates among the Black community.

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VA loan Loans Lending Mortgages 103

Zolo

AUGUST 13, 2020

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . I was wondering if you know of any strategies to solve our mortgage interest deduction dilemma. . The plan is to take out a mortgage on property C and move into this property as our new principal residence.

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Purchase and sale agreement Principal Mortgages Loans 82

Real Trends

MAY 13, 2022

We, of course, deny that Smart Settlements violated any law or regulation with regard to the presumed facts, which are not necessarily accurate, you set forth above.”. In February, Lyndsi Sitcov updated her Instagram feed with a carousel of photos that showed her smiling and enjoying drinks and sunshine in Miami. The posts seem innocuous.

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Title Brokerage Agents Mortgages 75

HomeLight

JUNE 30, 2021

Between favorable mortgage interest rates and a low inventory of available homes for sale, buyers were submitting purchase offers of thousands of dollars over asking price , and sellers (and their agents!) were fielding multiple offers. When it comes to predicting the next housing recession, we often look to economists.

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Equity Loans Lending Industrial 64

Redfin

APRIL 7, 2023

With its pristine beaches, year-round sunshine, and thriving job market, it’s no wonder that so many people dream of owning a home in America’s Finest City. To help you get started, we turned to some of Redfin’s top Partner Agents in San Diego to help you navigate the process with confidence.

Pre-approval 59

Pre-approval Agents Pre-qualification Debt-to-income ratio 59

HomeLight

JULY 25, 2022

In some cases, sellers with the best intentions may not be aware of a faulty breaker or an improperly installed vent hood. So how can buyers — and their lenders — make sure they’re getting what they’re paying for? Caveat emptor. Let the buyer beware. Appearances can be deceiving. Start With a Free Home Value Estimate. Request Estimate.

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HomeLight

AUGUST 20, 2020

We’re only as good as the information we have, and in an era when both good and bad reports are available online, in some ways it’s more difficult than ever to be sure that you really do know what you think you know. Topics include redlining, socioeconomic profiling, and corruption within mortgage lending.

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Banks Mortgages Lending Sales 75

Realtor.com

MARCH 4, 2021

Through the practice of redlining, beginning in the 1930s, communities of color were segregated and labeled as undesirable to lenders, many of whom refused to issue mortgage and home renovation loans there. The legacy of redlining, it seems, continues to penalize people of color today, leaving them with less money in the bank.

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Redfin

JUNE 14, 2023

Whether you’re a first-time homeowner, an investor, or new to the state and considering buying a house in North Carolina , you’re in for a treat. If you need help figuring out where to start, Redfin has your back. Living in North Carolina is an experience that encapsulates the best of both worlds.

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Pre-approval Debt-to-income ratio Closing costs Title 58

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. In early 2020, Zoom was barely a known company in America. history for mortgage origination volume. history for mortgage origination volume.

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