Housing Wire

MARCH 7, 2023

Buyers must have an income equal to or less than 140% of the area median income and meet all other Freddie Mac lending guidelines. By offering solutions for borrowers in underrepresented communities, we can help families build financial freedom and generational wealth.”

Mortgages 362

Mortgages Lending Loans Industrial 362

Housing Wire

FEBRUARY 15, 2024

The beauty of doing the repayable option and having the second mortgage is you have to qualify under the qualified mortgage guidelines. Every city, county and state have different underwriting guidelines. “You are going to be making a payment if you are going with the repayable option,” Christensen said.

FHA loan 445

FHA loan Loans Closing costs Loan Officer 445

Housing Wire

DECEMBER 11, 2023

As part of our renewed focus on supporting underserved communities through our Special Purpose Credit Program, we have spent more than $100 million over the last year to help more minority families achieve and sustain homeownership, including offering deep discounts on mortgage rates,” said a spokesperson from CNBC.

Mortgages 429

Mortgages Lending Loans Loan Officer 429

Housing Wire

OCTOBER 27, 2021

Non-QM product knowledge has continuously grown nationwide with not only those in the lending community but with borrowers alike. Agency loans have very specific guidelines, and in many cases, borrowers with unique situations who are a “near miss,” fall short of qualifying with traditional loans. Know your products.

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Lending Loans Investor Mortgages 341

Housing Wire

JANUARY 9, 2024

Fannie Mae and Freddie Mac already have some guidelines for ADU financing, but they have yet to have a major impact on the overall supply in the market. Additionally, it provides an avenue for elderly homeowners to downsize and remain in their communities.

Finance 464

Finance Construction Loans Renovation 464

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Matthew VanFossen is the CEO of Absolute Home Mortgage and the vice president of Community Home Lenders of America.

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Pre-approval Agents Loan Officer Seller concession 415

Housing Wire

AUGUST 5, 2022

Those agencies oversee banks, and are tasked with ensuring banks do not redline , by enforcing the Community Reinvestment Act. Much of the feedback that trade associations, fair housing groups and community advocacy groups submitted had common threads. Louis Equal Housing and Community Reinvestment Alliance.

Banks 408

Banks Debt-to-income ratio Lending Loans 408

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.

Marketing 354

Marketing Loans Banks Investor 354

Housing Wire

DECEMBER 1, 2020

We knew it was the right thing to do for the broker community, and our partners across the country are echoing the same feelings based on how it is impacting them. It has been incredible to witness the overwhelming amount of positive feedback we have received from the broker community.

Mortgages 457

Mortgages Industrial Technology As-is 457

Housing Wire

MARCH 15, 2024

In a December letter to federal housing agencies, the Community Home Lenders of America, which represents small lenders , wrote that “traditionally, lenders financed buyer’s agent commissions as part of the mortgage financing process, reflecting the fact that 100% of brokerage commissions were incorporated into the sale price.”

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Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

AUGUST 26, 2022

They generally come with flexible guidelines, longer terms, alternative documentation and more forgiveness of credit events—things you wouldn’t see in agency loans but not necessarily risk factors. The same is true for non-qualified mortgages. Lack of affordability is spawning fresh ways for originators to qualify borrowers.

Mortgages 352

Mortgages VA loan Loans Technology 352

Housing Wire

DECEMBER 17, 2020

How servicers are navigating changing compliance guidelines. Servicers must ensure their work remains in compliance not only with standard regulations but with the CARES Act and ever-evolving guidelines. Stimulus checks have long been spent and the most comprehensive eviction and foreclosure moratoria are about to disappear entirely.

Mortgages 523

Mortgages As-is Marketing 523

HomeLight

APRIL 24, 2024

The specific amount you owe in transfer taxes can vary significantly depending on where the property is located, adhering to the guidelines set by the state, county, or city. These taxes are a fundamental way for jurisdictions to generate revenue , supporting various public services and infrastructure projects within the community.

Title 85

Title Agents As-is Closing 85

Housing Wire

AUGUST 22, 2022

Brush up on your company’s lending guidelines or dive into market conditions and economic data that drives your market. Volunteer within your local community. Something that will move, inspire, and challenge your mindset. Be ready and armed with the knowledge to share with your referral partners and customer base.

Loan Officer 366

Loan Officer Lending Loans Industrial 366

Housing Wire

MAY 7, 2021

Did you purchase a home that’s part of a community association, such as a homeowner’s association? For example, parking rules, home occupancy limits, landscaping guidelines, trash rules…etc. Then you’re now a member of the association and have to abide by certain rules and regulations.

Inspection 462

Inspection Mortgages As-is Closing 462

Brownstoner

DECEMBER 19, 2022

A week after Mayor Eric Adams unveiled his plan to boost housing production across the five boroughs centered around cutting red tape, the City Council released guidelines for getting the most community benefits out of the land use application process and its own housing agenda focused on building more affordable… Read More > The post New (..)

Land 97

Land Marketing 97

Housing Wire

FEBRUARY 28, 2023

AC: It’s incredibly limiting, especially in the mortgage industry where there is a constant cadence of updates and changing guidelines from various regulators, GSEs or investors. We enable our users to identify and truly understand where they sit competitively with rates or to quickly apply new guidelines without vendor involvement.

Mortgages 316

Mortgages Technology Loan Officer Loans 316

Housing Wire

MARCH 11, 2022

At the end of the day, there must be a better balance between doing good for their communities and themselves at the same time. Additionally, state housing finance authorities are the primary sources of most DPA and affordable lending programs, resulting in 50 different programs and 50 different sets of guidelines. Finding the ‘why’.

Lending 344

Lending Loans Mortgages Industrial 344

Housing Wire

NOVEMBER 7, 2023

They’re 100% financing, they don’t require a down payment and the guidelines are tilted towards helping the [borrower] get in the home,” Overfelt said. “I “VA loans are probably the best loans on the market. I would hope something would come of that because these people fought for our country, right? .

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VA loan Agents Seller concession FHA loan 452

Housing Wire

DECEMBER 30, 2022

HW Media: What’s your favorite benefit from your HW+ membership and/or why are you enjoying the HW+ community? Especially in uncertain times and market volatility, having the knowledge that I get from HW+ helps me communicate effectively with my team and my clients. I also love his “basketball coach” enthusiasm on the podcast.

Lending 383

Lending Design Mortgages Technology 383

Housing Wire

APRIL 18, 2022

At the federal level, the TILA-RESPA Integrated Disclosures (TRID) rule sets strict guidelines for the way title and settlement fees are disclosed to consumers, the timing of those disclosures and when changed circumstances allow for alterations to the disclosures. Fee disclosure is robust.

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Title Land Title search Closing 378

Housing Wire

OCTOBER 26, 2020

MCS continues to be a leader in communicating the ever-changing COVID-19 guidelines and recommendations from local, state and federal authorities. Providing up-to-date, detailed information to vendors and employees allows MCS to maintain a safe working environment within the communities we serve.

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Technology Industrial Investor Closing 380

Housing Wire

OCTOBER 29, 2021

Join the community ! It did away with the 43% debt-to-income ratio limit in favor of more flexible pricing guidelines. This post originally appeared in HousingWire’s LendingLife newsletter. LendingLife is a daily digest of the most important news and commentary edited and curated exclusively for mortgage loan originators.

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Debt-to-income ratio Loans Mortgages Industrial 282

Realty Biz

JULY 22, 2023

What to Know About Fines For HOA Rules Violations Homeowners associations (HOAs) can punish residents who violate community rules and regulations. Determining a reasonable fine for committing an HOA violation depends on the infraction's severity and the community's financial situation. Homeowners can fight these rules.

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Design As-is Banks Inspection 73

Housing Wire

MARCH 21, 2022

In August 2021, the Consumer Financial Protection Bureau (CFPB) stipulated in its servicing guidelines that it was “fair game” for servicers to foreclosure a vacant property because it was better for the local community’s safety.

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Inspection Title Residential As-is 350

Housing Wire

JUNE 7, 2023

The policy will primarily affect high-growth areas in the Valley of the Sun like Queen Creek, Buckeye, and other nearby communities where homebuilding has boomed in recent years. If they don’t, permits will only be issued for new housing if they have alternate water sources. Growth will continue, at least in the near- and medium term.

Land 349

Land Commercial Development Construction 349

Housing Wire

DECEMBER 29, 2020

Black Knight has dipped its toes into software for the secondary market before, acquiring Optimal Blue in July and gaining access to the company’s pricing and eligibility (PPE) engine – a tool used to streamline the origination process for lenders by aggregating pricing and product guidelines from investors. Also, in case you missed it….

Mortgages 326

Mortgages Investor Technology Banks 326

HomeLight

APRIL 10, 2024

These funds contribute to various public services and infrastructure projects within the community. As a homeowner looking to sell your property, the transfer tax becomes a part of the closing costs, contingent on the laws and guidelines specific to your property’s location.

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Closing costs Title Closing Agents 97

Housing Wire

APRIL 25, 2022

Ginnie Mae issued its own proposed guidelines for its issuers in July 2021, but has not implemented them. Scott Olson, executive director of the Community Home Lending Association , said the liquidity requirement was “out of the blue,” and would penalize smaller sellers and servicers.

Mortgages 346

Mortgages Banks Finance Industrial 346

Realty Biz

MARCH 16, 2023

The guidelines are a little different than the federal guidelines, so homeowners facing foreclosure will need to investigate what their options are with their lender. ML: Gamification allows you to be a market leader in the community you’re trying to serve. Technically speaking, you could dominate a community on the internet.

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Short sale Investor Technology Principal 93

RIS Media

DECEMBER 22, 2020

With the COVID-19 pandemic completely changing the way we live and work, we head into the new year with a unique set of guidelines and tools. But for real estate agents looking for success in the upcoming year, learning new guidelines and understanding how to best utilize these tools are just the starting point. Automate Your Content

Agents 112

Agents Branding Technology Development 112

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. PCV Murcor is one of the nation’s leading valuation management companies. After all, behind each transaction is somebody’s livelihood and a dream that they’re fulfilling.

Loan Officer 383

Loan Officer Industrial Banks Residential 383

Housing Wire

SEPTEMBER 22, 2020

“They’re generated by Rocket, they have not been worked by anyone at the company, and they are purchase leads, which are great, and that we’re giving to the broker community.”. We have two pieces of technology that brokers love: One is ‘The Guru,’ and it’s kind of a Google platform for mortgage guidelines – searchable.

Loans 444

Loans Technology Branding Mortgages 444

HomeLight

FEBRUARY 21, 2024

If the house was in a community with an HOA and if the property taxes were higher than average, you could expect to pay closer to $7,000,” she says. A conforming loan is a mortgage that “conforms” to the guidelines set forth by Freddie Mac and Fannie Mae , large companies that guarantee most of the mortgages made in the U.S.

Mortgages 83

Mortgages Loans Finance Banks 83

RIS Media

DECEMBER 28, 2020

With the COVID-19 pandemic completely changing the way we live and work, we head into the new year with a unique set of guidelines and tools. But for real estate agents looking for success in the upcoming year, learning new guidelines and understanding how to best utilize these tools are just the starting point. Automate Your Content

Agents 96

Agents Branding Technology Development 96

Realty Biz

JULY 26, 2023

Homeowners should ensure their proposals comply with relevant legal requirements and procedural guidelines set by the HOA. Homeowners and the HOA board must review state laws, governing documents, and any specific guidelines outlined in the association's bylaws regarding rule changes.

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As-is Agents Marketing 81

Housing Wire

APRIL 18, 2023

That referral process is an age old, where the real estate community will give up a third of their commission for being delivered a qualified, pre-approved borrower that came out of the relocation world. Kim: One of NAF’s priorities is on lending to the Hispanic community. We still do a large percentage of manual underwrites.

Loan Officer 324

Loan Officer Loans Pre-approval Mortgages 324