Housing Wire

MARCH 12, 2024

Finding a way to divide a home can be financially and emotionally fraught. For others, shedding the space where a life fell apart felt like a metamorphosis. “For For others, shedding the space where a life fell apart felt like a metamorphosis. Gray divorce has become increasingly common over the past 30 years.

Equity 473

Equity Mortgages Loans As-is 473

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figure declined to comment for the story. The layoff came as a surprise to many as Figure has been hitting financial milestones. Cagney expects to land a $2.5

Lending 370

Lending Equity Banks Loans 370

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

Mortgages 431

Mortgages Loans Equity Principal 431

Housing Wire

APRIL 22, 2024

Dear (first name), I know we are neighbors, yet I wanted to formally introduce myself and let you know I am a resource available to you! I live over on (your street) and know this neighborhood inside and out. Last year, there were (number) homes sold here, and the average selling price was (dollar figure). (If

Brokerage 438

Brokerage Investor Agents Pre-approval 438

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

Finance 485

Finance Construction Loans Renovation 485

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. I kind of go with the flow essentially.

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Loan Officer Loans Equity Mortgages 410

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

FHA loan 370

FHA loan Loan Officer Loans Mortgages 370

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. What parts of the mortgage loan process have been the most resistant to digitization up to this point?

Technology 397

Technology Mortgages Loans Industrial 397

Housing Wire

DECEMBER 22, 2021

Banosian broke a new record this year , topping his record-setting 2020 and funding a whopping $2 billion in total origination volume, which is believed to be a record for a retail loan originator. At that point, I started doing Facebook lives to update my network and connections on what I was seeing in the market.

Loans 384

Loans Equity Technology Industrial 384

Housing Wire

AUGUST 23, 2023

Our overall model has changed from being a one-stop-shop, where we do everything in-house, to being a one-stop-shop where we do the things in-house that we’re the best at,” Vishal Garg , Better’s CEO, said in an interview. The change resulted in Better’s exit from its real estate business. We aim for a similar mix.”

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Debt-to-income ratio Technology Mortgages Pre-approval 370

Housing Wire

OCTOBER 9, 2020

“This is where the rubber hits the road between the lender, the investor and the policy maker.” “As an investor, you’re looking at all this trying to figure it out,” he said. “One good thing is tech has advanced to the point where you can start to get a really sharp picture of what’s going on.”

Marketing 370

Marketing Banks Investor Technology 370

Housing Wire

MARCH 28, 2022

The figures are drawn from the prime and nonprime (or non-QM) residential mortgage-backed securities deals tracked by Kroll Bond Rating Agency (KBRA). UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans. Several other big nonbanks have investor loan products as well.).

Loans 370

Loans Lending Investor Mortgages 370

Housing Wire

FEBRUARY 8, 2022

Goldstone’s case is not related to the world of bad Tinder dates, where the colloquial term “ghosting” is popularly used when someone cuts off contact without warning or explanation. We service their loans. We know where they live. We know where they live. The company serves a $50 billion loan portfolio.

Loans 370

Loans Pre-approval Mortgages Principal 370

CT Homes

MARCH 7, 2024

If you’re a homeowner pondering the possibility of selling your house, you might find yourself wrestling with a common question: Can you sell a home with a mortgage ? A mortgage is essentially a loan from a bank or financial institution that enables you to purchase a home. We can close quickly!

Purchase and sale agreement 78

Purchase and sale agreement Mortgages Equity Short sale 78

Housing Wire

NOVEMBER 8, 2021

To dive deeper into the relationship between FAR and its parent company, RMD sat down with Amor to get a better idea of what the reverse mortgage division and its products bring to the proverbial table of the larger organization. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 384

Finance Mortgages Lending Equity 384

Housing Wire

JULY 28, 2021

Other factors working against the industry include the amount of loans being assigned to the Federal Housing Administration (FHA), even as the number of age-eligible borrowers continues to increase in an oft-mentioned demographic shift. Reverse mortgage penetration remains stubbornly low. What a refinance boom does to penetration.

Mortgages 295

Mortgages Loans Equity Industrial 295

Housing Wire

OCTOBER 5, 2020

HousingWire sat down with Scott ahead of that event to get a glimpse of what she’ll be talking about during her panel entitled: Business Strategy During Social Upheaval. I’d say the first place to start is to ask: who are you as an organization? Trina Scott : It starts with the culture of your organization. Do you know that?

Equity 259

Equity Loans Mortgages As-is 259

Housing Wire

MARCH 1, 2023

When I look out over the next six months, 12 months, 18 months, I do see this big overhang of [MBS] supply that needs to be absorbed on the agency side, and spreads definitely need to be wider,” which likely translates into upward rate pressure for the mortgage market, explained Sandeep Bordia, head of research and analytics for the Amherst Group.

Marketing 384

Marketing Banks Mortgages Investor 384

HomeLight

AUGUST 26, 2020

Picture this: You’ve been in your home for a few months, and lately, it seems like you’re getting more and more junk mail encouraging you to refinance your mortgage. However, before we get into that, let’s look at some of the reasons why you may consider refinancing in the first place. Use the equity in your home.

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Fixed-rate mortgage Equity Loans VA loan 143

HomeLight

AUGUST 23, 2023

You’re ready to make an offer but there’s a big caveat: You already own a house, and you need the equity from it to afford your dream upgrade. You’re ready to make an offer but there’s a big caveat: You already own a house, and you need the equity from it to afford your dream upgrade. Need to Buy Before You Sell?

Equity 75

Equity Home sale contingency Finance Staging 75

Housing Wire

DECEMBER 11, 2023

Some borrowers are even getting quoted in the 6% range. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. If I compare two months ago, demand is up.

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

HomeLight

OCTOBER 26, 2020

Now that you’ve owned the house for a decent chunk of time, you’re wondering: “Can I cancel PMI if my home value increases?”. And the sooner you can get rid of PMI, the sooner you can reduce your overall housing payments. The term “ conventional ” refers to any loan that’s not part of a government program).

FHA loan 97

FHA loan Equity Principal Loans 97

Realty Biz

MAY 19, 2022

Owning your own home can also be a valuable long-term investment. Do I have enough money saved? Most people buy their homes with the assistance of mortgages or VA loans. Down payments can vary depending on the terms of your mortgage or loan, ranging anywhere from 5% to 20%. Do I qualify for a mortgage?

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Purchase and sale agreement VA loan Loans Principal 90

Housing Wire

APRIL 21, 2023

The trading volume of mortgage-rights servicing (MSRs) so far this year is on pace to meet or exceed last year’s robust mark , when MSRs on some $1 trillion worth of home loans exchanged hands — then fueled by the spike in interest rates, industry players say. Bayview Cos.

Loans 76

Loans Banks Equity Mortgages 76

Afford Anything

JUNE 4, 2021

One is about the tax efficiencies of ETFs vs. mutual funds, while the other is about Ginny Mae funds and whether there are bond funds that have an inverse relationship with equities. Priya is looking for information on home equity loans: where can you get the best terms, and what are the disadvantages?

Equity 67

Equity Principal Mortgages Finance 67

Toronto Realty Blog

APRIL 1, 2024

You just can’t look away. That’s how I’ve felt about the 2024 national budget for the last few weeks, and while the budget won’t be released until April 16th, I’m already anxious about it. I mean, Canada’s national dental plan is “free” except that it’s not.

Banks 86

Banks As-is Mortgages Marketing 86

Realtor.com

MARCH 12, 2021

Getty Images Mortgage rates are on the rise after nearly a year of record lows, providing a nudge to homeowners who want to refinance but didn’t get around to it yet. There is time to figure it out. Lenders consider credit history, income and home equity when evaluating applications. I have an adjustable-rate mortgage.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Toronto Realty Blog

NOVEMBER 13, 2023

I’ve written blogs from the perspective of both tenants who have a bad landlord, and landlords who have a bad tenant, and all the while, we’ve debated the protections that tenants enjoy in this province in 2023, and whether or not they’re unfair to landlords. Both landlords and tenants can abuse the system and do.

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Purchase and sale agreement Residential Closing Pre-approval 106

HomeLight

JANUARY 30, 2024

You’re considering a move to Vermont, and your first thought is, “Can I afford it?” The best way to figure this out is to determine the Vermont cost of living and how it compares to where you currently live. You can then make a strong offer on your next home with no home sale contingency.

Home sale contingency 96

Home sale contingency Closing costs Technology Sales 96

HomeLight

SEPTEMBER 30, 2021

Can you sell a house you still owe money on? In today’s market where property values have seen steep rises, it isn’t common for sellers to owe more than their home is worth, a situation that’s known as being “underwater.”. Start by getting an idea of how much your home is worth. Actually, it’s an extremely common thing to do.

Mortgages 101

Mortgages Debt-to-income ratio Equity Closing costs 101

Afford Anything

JANUARY 25, 2021

George is torn between paying down his student loan debt (which he deferred) or buying a househack. Hanan wants to figure out if a backdoor Roth IRA conversion will work for her. They want to help their children pay for college and are trying to figure out how to strategically use this money. I don’t have any revolving debt.

Loans 67

Loans HR FHA loan Equity 67

Realtor.com

JANUARY 23, 2023

It’s little wonder that just about everyone seems to be searching for clues on where housing sales are going this year. ® data team dug in to figure out exactly what’s going on in these very different segments of the housing market. But it’s not a one-size-fits-all market. The Realtor.com®

Equity 126

Equity Residential Marketing As-is 126

HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. If you’re feeling inundated with information and you’re unsure of where to start, you’re not alone. Don’t worry; we know that’s why you’re here!). Source: (Seemi Samuel / Unsplash).

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

A Student of the Real Estate Game

JANUARY 29, 2023

I started my career in real estate in 2011 and have experienced a decade of low rates and increasing asset values. We’ve quickly shifted from over-exuberance to fear and everyone I speak to in the multifamily space is preparing for “distress” and lining up capital for buying opportunities. Well, the game has changed.

Loans 52

Loans Finance Lending Construction 52

HomeLight

NOVEMBER 14, 2022

How quickly can I sell? And, where do I find a good Realtor®? Many homeowners and buyers find themselves on their website when searching real estate listings, or trying to figure out what their home is worth. But if you decide to work with one of their agents — what do you get for paying a lower commission?

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Agents Sales MLS Closing 78

HomeLight

AUGUST 16, 2021

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?”), But if you don’t know where to start — or what you need — then it’s a dream that won’t manifest. Let’s get to it! How do you know where to begin?

Closing costs 104

Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

AUGUST 16, 2021

One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. In the market for a “ real estate owned” property ?

Banks 104

Banks Pre-qualification Investor Short sale 104