Housing Wire

APRIL 9, 2024

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. To get a better idea of what motivated the survey and its desire to learn more about reverse mortgages, RMD sat down with WSFS Mortgage President Jeffrey Ruben.

Mortgages 353

Mortgages Equity Banks Brokerage 353

Housing Wire

MAY 5, 2023

We’ve had a good week’s worth of data to show that the Federal Reserve is starting to get what it wants if you know where to look. As we can see, wage growth has been cooling down, even with a tight labor market. The reason I say 7 million is because that’s where we were before COVID-19 happened.

Marketing 475

Marketing Banks Staging As-is 475

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.

Loans 545

Loans Banks Mortgages Finance 545

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 2 Digital adoption.

Mortgages 531

Mortgages Banks Loan Officer Technology 531

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. Home prices in the U.S.

Short sale 527

Short sale Mortgages Equity Sales 527

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns.

Industrial 389

Industrial Mortgages Loan Officer Banks 389

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 344

Banks Loans Mortgages Sales 344

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.”

Loan Officer 442

Loan Officer Technology Loans Mortgages 442

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. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 365

Equity Marketing Debt-to-income ratio Lending 365

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. So, I think that is where not going to the cash window should be better for innovation.”.

Loans 348

Loans Banks Mortgages Investor 348

Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. This was key to the recovery going into the COVID-19 crisis and getting out of that brief recession because we didn’t have a credit bubble that needed deleveraging. From the WSJ article: “ U.S.

Bankruptcy 513

Bankruptcy Lending Equity Mortgages 513

Housing Wire

SEPTEMBER 22, 2021

For brokers, working with these borrowers can be complicated because they require unique processes. 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 of August 2021, more than 10.2

Finance 370

Finance Loans Technology Lending 370

Housing Wire

AUGUST 5, 2022

When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. I have talked about how job openings would move toward 10 million and that we should get all the jobs we lost to COVID-19 back by September 2022.

Staging 544

Staging Development Sales As-is 544

Housing Wire

SEPTEMBER 7, 2023

The lender and LO can make or break the transaction.” The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.

Agents 387

Agents Loan Officer Lending MLS 387

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 364

Loans Purchase and sale agreement Due diligence Industrial 364

Housing Wire

JUNE 10, 2022

As we celebrate National Homeownership Month this June, let us acknowledge the current challenges preventing many would-be first-time homebuyers from achieving their dream of homeownership, and how we as an industry can work to break down those barriers. A crisis of affordability. Americans feel the same way.

Mortgages 361

Mortgages Equity Industrial As-is 361

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 78

Banks Inspection contingency Inspection FHA loan 78

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

Pre-approval Short sale Banks Finance 97

Realty Biz

MAY 2, 2022

Though all the beach towns are considered highly expensive but luckily yes there are certain beach towns present in America where you can buy a house at affordable rates and can complete your dream of having a home on a coast. Here you can enjoy the breathtaking environment. Westport, Washington.

Banks 78

Banks As-is Mortgages Marketing 78

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? If you have the cash, you should consider paying cash,” said Michael Silver, a certified financial planner in Boca Raton, Fla. Mortgage-technology and data firm Black Knight Inc.

Equity 88

Equity Renovation Banks Lending 88

Norada Real Estate

JUNE 22, 2022

In a conventional mortgage, the down payment is the smallest and the rate of interest is also lower. A Turnkey Rental Property is a piece of investment real estate (mostly a house or an apartment) that an investor can buy and rent in a short period. We all know that in a real estate investment “cash-is-king.”

Finance 96

Finance FHA loan Investor Loans 96

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.

Pre-qualification 122

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

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. Step 1: Make sure you qualify. Sound great? Sure it does! Sure it does!

Loans 97

Loans VA loan FHA loan Purchase and sale agreement 97

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.

Closing 111

Closing Purchase and sale agreement Pre-approval Inspection 111

Realtor.com

DECEMBER 19, 2022

Her lender suggested a temporary buydown that would lower her mortgage payment for the first three years. “I Rising borrowing costs have dramatically increased the cost of buying a home this year, reviving interest in mortgage products like temporary buydowns that fell out of favor after the 2008 financial crisis.

Mortgages 68

Mortgages Loans Construction Finance 68

Housing Wire

MARCH 23, 2023

The ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third largest bank failures in U.S. history, respectively — also threatens liquidity channels for the independent mortgage banks (IMBs).

Industrial 409

Industrial Banks Lending Equity 409

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. Let’s get to it! Start here.

Closing costs 104

Closing costs Purchase and sale agreement Inspection Loans 104

Broke Agent Media

APRIL 1, 2023

That’s why BAM started the Hot Sheet with Byron Lazine —your daily dose of real estate news to keep you afloat. But, let’s face it, with your busy schedule, it’s not always feasible to watch the show at 9:30 am EST. So if you weren’t able to tune in this week, don’t worry. We’ve got you covered with this weekly recap.

Pre-approval 52

Pre-approval Lending Agents Industrial 52

Realtor.com

NOVEMBER 14, 2022

Design by Realtor.com / Getty Images (2) What a difference just a few months can make. As the year comes to a close, the red-hot housing market has been brought to its knees by soaring mortgage interest rates. So more and more buyers simply can’t afford to buy. Renters can’t afford to move. ® analysis.

Marketing 105

Marketing Mortgages Sales Loans 105

Realty Biz

MARCH 10, 2022

Traveling for leisure is one of the greatest pastimes in America and around the world. The North Carolina Outer Banks are known for their rugged coastal beauty. These are just a few of the many places where people consider buying vacation homes so they can not only personally enjoy them but potentially rent them out.

Property Management 90

Property Management Finance Loans Mortgages 90

HomeLight

APRIL 26, 2022

Some experts predicted mass migrations to the suburbs as some people could now choose where to live without that decision having to be tied to their jobs. . We added some details about median home prices and life in each city to help you with your decision about selecting your next location. Find the Best Real Estate Agents Near You.

Agents 92

Agents As-is Industrial Banks 92

HomeLight

JUNE 21, 2022

You can’t wait to close the deal so you can move out and begin the next chapter of your life. But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. Contingencies can be costly.

Inspection 120

Inspection Purchase and sale agreement Pre-approval Inspection contingency 120

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Loans 379

Loans Mortgages Loan Officer Pre-approval 379

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.

Loans 114

Loans Lending As-is Equity 114

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. Bank, Citi and Bank of America looking to expand the ranks of LOs.

Mortgages 441

Mortgages Banks Brokerage Loans 441

HomeLight

SEPTEMBER 30, 2020

A home is no small purchase, and as you scroll through the listings in your area you start to wonder — how much house can I really afford? That answer depends on several things, from your annual income to the size of your down payment , and the amount of debt you currently carry. Source: (garagestock / ShutterStock).

FHA loan 60

FHA loan Pre-approval Debt-to-income ratio Inspection 60

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 Our pipeline is a lot bigger than it was at this time last year, and rates have doubled, so we’re definitely getting market share.” Lind points to Finance of America Mortgage , First Guarantee Mortgage Corp.

Lending 339

Lending Banks Investor Loans 339