Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 421

Equity Purchase and sale agreement Marketing Lending 421

Housing Wire

JULY 26, 2021

The roots of racial disparities in housing and mortgage markets run deep. Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods. One analysis of U.S.

Mortgages 504

Mortgages Lending Loans Equity 504

Housing Wire

FEBRUARY 1, 2021

United Wholesale Mortgage , now a publicly traded company, will return to the Super Bowl this year. The wholesale lender will be running a new Super Bowl commercial spotlighting independent mortgage brokers and its website FindAMortgageBroker.com for a second straight year. Afterward, it touted the benefits of using a mortgage broker.

Commercial 546

Commercial Mortgages Branding Banks 546

Housing Wire

JANUARY 27, 2021

LoanDepot , one of America’s largest mortgage lenders, released pricing of its hotly anticipated independent public offering (IPO) on Wednesday. Founded by CEO Anthony Hsieh , the Orange County, California-based lender intends to grant its underwriters a 30-day option to purchase additional common stock shares from loanDepot.

Equity 432

Equity Banks Mortgages Finance 432

Housing Wire

SEPTEMBER 27, 2022

In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. The only banking presence in one in five U.S. Growing obstacles in 2022’s market.

Marketing 384

Marketing Banks Lending Loans 384

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however. Or it could signal a future MSR-market stampede. of the entire $8.4

Banks 384

Banks Loans Mortgages Sales 384

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Homepoint’s financial statements tell the story. Origination volume declined 63.5%

Mortgages 397

Mortgages Equity Loans Seller concession 397

Housing Wire

DECEMBER 8, 2020

While it is best known for refinancing student loans, the startup also offers a variety of other financial products, including personal loans, small business loans, home equity loans and mortgages. On the mortgage front, SoFi caters mostly to the jumbo market, and will fund loans as high as $3 million. The lender was last valued at $4.8

Loans 432

Loans Equity Mortgages Banks 432

Housing Wire

APRIL 26, 2022

Even the biggest mortgage players aren’t immune to the effects of higher rates and tight housing inventory. Rocket Companies , the parent of Rocket Mortgage and Amrock Title , said late Monday that it would be offering buyouts to 8% of its staff at its mortgage operations and title teams. Rocket Companies CEO Jay Farner.

Title 370

Title Lending Mortgages Industrial 370

Housing Wire

JUNE 17, 2022

All mortgage companies have some software package that does the above, and it all worked during the the refi boom. The tech we have that isn’t used isn’t about training or talent but the parts that are optional are not used. I called a friend over at Bank of America to talk about this. It isn’t broke.

Loan Officer 410

Loan Officer Loans Technology Banks 410

Marco Santarelli

APRIL 12, 2024

The landscape of US mortgage rates is a dynamic and ever-evolving arena, influenced by a myriad of economic factors and policy decisions. Current Trends and Forecasts for Next 5 Years Recent analyses and expert forecasts suggest a period of fluctuation in mortgage rates in the United States. by the end of 2025. by the end of 2025.

Mortgages 116

Mortgages Fixed-rate mortgage Loans Closing costs 116

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.

Mortgages 397

Mortgages Loans Lending Equity 397

Housing Wire

SEPTEMBER 22, 2021

HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s average homebuyer. As a result, today’s borrowers need mortgage products that are better aligned with their current needs while still considering their ability to repay.

Finance 370

Finance Loans Technology Lending 370

Housing Wire

JULY 31, 2022

Whether a lender is just beginning the journey to offer eClosing options or is looking for a more flexible, scalable model to offer clients, TCX is the perfect partner to deliver a dynamic eClosing solution. TCX provides a full spectrum of signing solutions, including mobile notary, eSigning, hybrid eSignings, IPEN and RON. Alan Frelix, CEO.

Closing 370

Closing Title Technology Staging 370

Housing Wire

AUGUST 14, 2020

Today, the National Association of Mortgage Brokers announced growing support behind its campaign to reverse the newly announced GSE fee. This fee is placed on the lender, which then has the option of passing on the charge to the borrower or eating the cost. This mistake in policy needs to be reversed immediately.”.

Industrial 500

Industrial Mortgages Title Lending 500

Housing Wire

MARCH 3, 2023

And at the same time they must continue to invest in their business to avoid losing further ground in a mortgage market that doesn’t play to Rocket’s natural strengths. In a statement issued to HousingWire, a spokesperson said that 2022 was challenging for the housing and mortgage industry.

Loans 368

Loans Mortgages Principal Title 368

Housing Wire

MARCH 27, 2024

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. It’s no secret that forging new connections at in-person events can help to grow your business.

Agents 429

Agents Industrial Technology Branding 429

Housing Wire

JANUARY 22, 2021

The sellers of the stock expect to grant the underwriters a 30-day option to purchase up to 1.875 million shares of the common stock. The sellers of the stock expect to grant the underwriters a 30-day option to purchase up to 1.875 million shares of the common stock. of voting rights. of voting rights.

Sales 322

Sales Equity Loans Banks 322

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 397

Loans Purchase and sale agreement Due diligence Industrial 397

Housing Wire

SEPTEMBER 7, 2023

Some of the nation’s largest real estate brokerages, including Keller Williams, RE/MAX , HomeServices of America as well as the National Association of Realtors , are facing three class action lawsuits (NAR is only named as a defendant in two lawsuits) that could result in the industry paying out tens of billions in damages.

Agents 397

Agents Loan Officer Lending MLS 397

Housing Wire

APRIL 19, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. Rocket Pro TPO’s product is open to loan amounts up to $2.5

Marketing 370

Marketing Loans Banks Investor 370

Housing Wire

MAY 26, 2021

mail change of address requests by Bloomberg’s CityLab found that while most people fleeing America’s largest cities stayed relatively close to where they came from, though Sun Belt regions that were popular prior to the pandemic did see gains. .” “The dust has not settled. . “The dust has not settled.

Banks 397

Banks Closing As-is Mortgages 397

Housing Wire

NOVEMBER 13, 2023

. $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown. The original plan — to buy up troubled mortgage assets — was quickly abandoned in favor of actions like capital infusions for banks and the bailout of our auto companies.

Banks 419

Banks Loans Bankruptcy Mortgages 419

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?

Banks 84

Banks Inspection contingency Inspection FHA loan 84

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 And make sure you’re aware of the biggest misconceptions about home mortgages.

Pre-qualification 122

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

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. Consider Different Mortgage Terms. Improve Your Credit Score.

Mortgages 101

Mortgages Loans Banks As-is 101

Point2Homes

AUGUST 26, 2021

When buying a home , the vast majority of people need to take out a mortgage. But of the many different options, how do you know which is the right one for you? In this guide, we’ll take a quick look at the different types of mortgage loans available. Here are the most common types to look out for: Fixed-Rate Mortgages.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. In the secondary market, Wall Street firms have shown more appetite for these mortgages. PNC Bank ($7.9

Banks 370

Banks Marketing Loans Mortgages 370

Realtor.com

APRIL 22, 2021

Although you can borrow money at very low interest rates, the amount you’re paying to a bank to borrow money is still greater than the bank is crediting you interest on your cash.”. Another option is an unsecured home-improvement loan, which doesn’t require using your home as collateral. But how will you pay for it?

Equity 88

Equity Renovation Banks Lending 88

Housing Wire

APRIL 19, 2024

But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank of America (BofA). Meanwhile, borrowers will be unable to refinance their first mortgage until the product is paid off, unless prohibited by law.

Equity 466

Equity Finance Loans Banks 466

App Folio

MAY 8, 2020

Since the onset of the COVID-19 pandemic and the subsequent shutdown of the country, homeowners have been struggling to keep up with their mortgage payments. In addition, it’s important for homeowners to first check with their mortgage servicer to determine their eligibility for these programs. . Homeowners Protection Bureau.

Banks 71

Banks Loans Equity Mortgages 71

Norada Real Estate

JUNE 22, 2022

There are many options available to finance turnkey rental properties. In a conventional mortgage, the down payment is the smallest and the rate of interest is also lower. Location: With the Turnkey Rental Property option, the potential investor is not tied to the location of the property. What is a Turnkey Rental Property?

Finance 96

Finance FHA loan Investor Loans 96

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.

Hard money loan 84

Hard money loan Equity Finance Loans 84

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. A home goes through several steps before the bank physically takes over the house and sells the property. You’re reading through a new MLS listing, and you believe you found your ideal home.

Pre-approval 103

Pre-approval Short sale Banks Finance 103

Housing Wire

JANUARY 17, 2024

Fannie Mae and Freddie Mac are in the spotlight again over the role some housing-industry experts say they could play in reducing mortgage rates if they resumed a more active investor role in the mortgage-backed securities (MBS) market. How likely that is, though, I don’t even know how to handicap.” trillion , down from $2.7

Marketing 455

Marketing Investor Banks Mortgages 455

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.

Purchase and sale agreement 104

Purchase and sale agreement Bankruptcy Mortgages Commercial 104

Realty Biz

FEBRUARY 25, 2021

As the COVID-19 pandemic forces millions of Americans to quarantine and spend additional time indoors, many are making improvements to their homes and becoming increasingly comfortable securing financing options for these projects online. Interest in Digital Mortgages Increasing.

Equity 67

Equity Renovation Loans Finance 67