Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured.

Debt-to-income ratio 363

Debt-to-income ratio Sales Purchase and sale agreement Loans 363

Housing Wire

AUGUST 17, 2023

Meanwhile, several homeowner’s insurance companies also made the rankings — Kin Insurance (No. The Plano, Texas-based title insurance firm was ranked No. 3792 in 2022), and this is the seventh consecutive year it has appeared on the Inc. 109), Neptune Flood (732), Safely (1,089) and Obie (2,316). Rank Company Growth (3-yr Avg.)

Title 364

Title Brokerage Industrial Mortgages 364

Housing Wire

JANUARY 31, 2024

Tip: Decide on 3-5 categories to focus your content on and try to stick with them — for example, local restaurants, mortgage content, family time, morning coffee thoughts, fun facts or acronym breakdowns. These categories can change over time, but it helps to start by thinking of them every time you post.

Branding 398

Branding Finance As-is Mortgages 398

Housing Wire

APRIL 4, 2024

This focus gives us a unique position in the market, as we’re not just another tech solution; we’re creating a new category aimed at bridging the gap between consumers and mortgage professionals by leveraging homeowner portals.

Marketing 248

Marketing Industrial Mortgages Inspection 248

Housing Wire

AUGUST 19, 2021

The category that caused the most unease at the beginning of the pandemic was the 90-day delinquency bucket, which dropped by 72 bps to 3.53% in the second quarter (a record decline), the MBA said. Meanwhile, the 30-day delinquency rate decline by 4 bps to 1.41% and the 60-day delinquency category declined by 15 bps to 0.52%.

VA loan 427

VA loan Mortgages FHA loan Loans 427

Housing Wire

OCTOBER 4, 2021

Last week, all categories showed declines. The most notable case was in the portfolio loans and private-label securities (PLS) category, dipping by 14 bps to 6.77% For depository servicers, the percentage declined 13 bps to 2.93%. million homeowners are still in active forbearance plans. Per the MBA’s estimate, 1.4

Loans 410

Loans Staging Mortgages Banks 410

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Calque provides homeowners with a Purchase Price Guarantee (i.e.,

Backup offer 387

Backup offer Loan Officer Home sale contingency Branding 387

Housing Wire

AUGUST 31, 2020

The storm, the most intense hurricane to make landfall in the northwestern gulf in more than 150 years, will also hurt homeowners’ ability to pay for their mortgage. Damage from the Category 4 storm was most prevalent in Louisiana, with wind surges reaching 150 miles per hour. Karen Clark & Co. and Carribean. .

Mortgages 356

Mortgages Residential Commercial 356

Housing Wire

MARCH 18, 2024

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.

Mortgages 346

Mortgages Equity Industrial Branding 346

Housing Wire

SEPTEMBER 13, 2023

We’re on a mission to become the most valuable platform powering business growth for our agents and brokers,” Blake Elmquist, Realtor.com’s vice president of the seller category, wrote in an email. “We Listing Toolkit is a subscription-based service that is now available to agents nationwide. We know it’s difficult for them in today’s market.

Agents 367

Agents Branding Closing As-is 367

Housing Wire

MARCH 26, 2024

The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? If any of this resonates with your personal experience in the current market, you have officially entered the realm of interacting with homeowners in the post-pandemic economy.

Equity 426

Equity Loans Bankruptcy New Construction 426

Housing Wire

SEPTEMBER 11, 2023

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted.

Technology 394

Technology Loans Design Sales 394

Housing Wire

APRIL 9, 2024

It found that more people seem to be aware of the potential value that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. The ‘aha’ moment was really validating an assumption we had going into it, that there is this large education gap,” Ruben said.

Mortgages 361

Mortgages Equity Banks Brokerage 361

Housing Wire

OCTOBER 11, 2021

Last week, all categories showed declines. The loans and private-label securities (PLS) category showed a decline of 35 bps, to 6.42%. million homeowners are still in active forbearance plans. Meanwhile, Fannie Mae and Freddie Mac loans dropped by 17 basis points to 1.21%. Per the MBA’s estimate, 1.3

Loans 508

Loans Staging Mortgages Banks 508

Housing Wire

JUNE 21, 2022

Fewer homeowners paused or reduced their mortgage payments in May, continuing the decline from April when the total number of loans in forbearance fell to a level below 1% of servicers’ portfolio volume. The largest decline came from the portfolio loans and private-label securities (PLS) category, declining 29 basis points to 1.86%.

Loans 375

Loans Staging Mortgages Industrial 375

Housing Wire

MAY 24, 2021

of loans in forbearance are homeowners who had cancelled forbearance but needed assistance again,” said Mike Fratantoni, MBA’s senior vice president and chief economist. million homeowners in some form of mortgage postponement. million homeowners that are 90 days past due ? Currently, 5.3% Another 82.9%

Loans 436

Loans Staging Mortgages As-is 436

Housing Wire

MARCH 29, 2021

Since October, the percentage of portfolio loans in forbearance hovered between 5% and 6%, the longest a percentage range had held since the survey’s beginning as continuous extensions gave homeowners more time to postpone payments. Continued downward trends mark a positive sign for the larger economic picture, but the MBA still estimates 2.5

Loans 509

Loans Investor Mortgages As-is 509

Housing Wire

MAY 20, 2021

Overall, the number of past-due mortgages fell to 4.66% in April while an additional 400,000 homeowners managed to become current on their payments. million homeowners that are 90 days past due ? There are still 1.8 four times as many as their were prior to the pandemic.

Mortgages 491

Mortgages Loans Agents As-is 491

Housing Wire

MAY 23, 2022

Solutions can be found in three categories that might appear distinct but are in fact fundamentally connected: Category 1: Supply innovation Category 2: Government policy innovation Category 3: Paradigm-change innovation. The rising tide has created a flood indeed. So, what can be done? Yes, the U.S.

Equity 357

Equity Finance Development As-is 357

Housing Wire

APRIL 21, 2021

The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports.

Mortgages 501

Mortgages Loans Banks As-is 501

Keeping Current Matters

JANUARY 6, 2021

As proof of this, First American broke down the net worth of homeowners and renters by income categories. Here are their findings: Only one income category ($127-192K) has a higher net worth for renters over homeowners. Every other category shows that being a homeowner leads to greater accumulated wealth.

Equity 249

Equity Principal Mortgages As-is 249

Housing Wire

AUGUST 17, 2023

With mortgage rates currently north of 7%, there’s a rate lock-in effect in which homeowners are reluctant to give up their existing low rates and take on a new mortgage with higher rates. Rank Company Growth (3-yr Avg.) 5000 – 2023

Mortgages 368

Mortgages Loan Officer Fixed-rate mortgage Loans 368

Housing Wire

MAY 16, 2022

The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 29 basis points to 2.15%. At the end of April, 470,000 homeowners were in forbearance plans. Ginnie Mae loans in forbearance decreased 9 bps, at 1.29% of servicers’ portfolio volume.

Loans 415

Loans Staging Mortgages Industrial 415

Housing Wire

JUNE 22, 2021

The MBA now estimates 2 million homeowners are still in some form of a forbearance plan. In addition to last week’s drop, every investor category experienced some form of decline. “As more homeowners reach the end of their term, we should continue to see the share in forbearance decline,” Fratantoni said.

Short sale 391

Short sale Loans Equity Mortgages 391

Housing Wire

SEPTEMBER 21, 2022

Nonetheless, homeowners are doing well with near nonexistent distressed property sales and home prices still higher than a year ago.”. Some homeowners are unwilling to trade up or trade down after locking in historically-low mortgage rates in recent years, increasing the need for more new-home construction to boost supply.”.

Sales 368

Sales Construction Mortgages As-is 368

Housing Wire

MARCH 22, 2021

Alongside a dampening of requests, exits maintained a standard pace with over 100,000 homeowners having exited forbearance within the past month. million homeowners are in some form of forbearance. The MBA now estimates 2.5

Loans 427

Loans Lending Investor Mortgages 427

Housing Wire

APRIL 7, 2021

San Jose ranked first in both the “credit score” and “down payment” categories, pushing it to the top spot overall. LendingTree, ranked San Jose as just 17th in the “shopping around” category, important because generally it indicates prepared, educated buyers.

Marketing 436

Marketing Lending Mortgages Closing 436

Housing Wire

OCTOBER 25, 2021

Last week, all categories showed declines. million homeowners are still in active forbearance plans. More than 25% of loans in forbearance are now made up of new forbearance requests and re-entries, while many other homeowners who have reached the end of 18-month terms are successfully exiting into deferrals or modifications,” he said.

Loans 317

Loans Staging Mortgages Banks 317

Housing Wire

APRIL 9, 2021

. “First-generation buyers who do buy homes often take on greater debt to do so or delay homeownership for years, making it difficult for homeowners of color to build wealth at the same pace as white homeowners,” said Jung Choi, a senior research associate with the Housing Finance Policy Center. million, 5 million, 4.37

Equity 437

Equity Finance Closing Mortgages 437

Housing Wire

APRIL 26, 2021

Last week’s drop paled in comparison to the 40 basis point decline the previous two weeks had seen, and was likely the result of some investor categories remaining unchanged from the week prior, while others fluctuated. Of the cumulative forbearance exits for the period from June 1, 2020, through April 18, 2021, 25.4%

Loans 368

Loans Investor Mortgages As-is 368

Housing Wire

SEPTEMBER 1, 2021

The reverse mortgage industry is perhaps overly familiar with having a need to fact-check certain claims about the product category made by financial commentators, some of which are very well-known by the general public while others are simply ubiquitous enough to warrant the need for competing educational materials.

Mortgages 347

Mortgages Finance Industrial Loans 347

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. I do a bunch of new builder business, just by being in that second category of earning it as a preferred lender on different builders accounts. So I get to dip my toe into both worlds,” Burruss added.

Loan Officer 394

Loan Officer Mortgages Loans Closing costs 394

Housing Wire

NOVEMBER 6, 2020

Homeowners who were placed into proactive forbearance plans by Wells Fargo received positive news this week. 2, in response to a class action lawsuit filed in Virginia, Wells Fargo agreed not to place homeowners into a COVID-19 forbearance plan or extend an existing plan unless a customer requests forbearance.

Bankruptcy 279

Bankruptcy Banks Equity Loans 279

Housing Wire

APRIL 8, 2021

So what were all these homeowners working on? In particular, Home Depot’s Indoor Garden category made up the largest share of its net sales globally at over $14 billion – around 10.8% Home Depot’s lumber category was the only sector that experienced a greater year over year increase, jumping 43.3%. respectively.

Renovation 307

Renovation Sales Marketing As-is 307

Housing Wire

FEBRUARY 22, 2022

In total, about 650,000 homeowners were in forbearance plans as of January 31. The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 41 basis points to 3.02%. Ginnie Mae loans in forbearance decreased three basis points to 1.60% of servicers’ portfolio volume.

Loans 388

Loans Staging Mortgages Industrial 388

Housing Wire

SEPTEMBER 20, 2021

The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 32 basis points to 6.95%. million homeowners are still in active forbearance plans. The total number of loans in forbearance dropped by eight basis points to 3.00% as of Sept. Per the MBA’s estimate, 1.5

Loans 357

Loans Staging Banks Mortgages 357

Housing Wire

AUGUST 16, 2021

million homeowners are in a forbearance plan. The largest decrease in a month in the share of loans in forbearance came from a jump in forbearance exits, as many homeowners are nearing the end of their forbearance terms. The CFPB will hold accountable those servicers who cause harm to homeowners and families.”.

Loans 407

Loans Mortgages Banks Investor 407