Housing Wire

MARCH 23, 2022

As the housing market continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing loans but also ensuring they make it to close. HousingWire: What role are marketers playing in this current?

Finance 284

Finance Loan Officer Loans Lending 284

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 361

Mortgages Equity Banks Brokerage 361

Housing Wire

JULY 20, 2023

Perhaps more than any other financial product, mortgages offer a wide array of specific consumer protections including RESPA, TILA, TRID, LO Comp, HOEPA, servicing rules, and many others,” CHLA said in a statement regarding the document. ACTION: The FTC should create a true opt-in option when a credit report is pulled.

Mortgages 315

Mortgages Banks Loans Finance 315

Housing Wire

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. The Chicago lender started offering personal loans in July. It originated $45.2

Finance 373

Finance Commercial Loans Title 373

Housing Wire

JULY 22, 2022

Guaranteed Rate is looking to diversify its product mix amid the mortgage downturn. The mortgage lender has rolled out its first personal loan product. Customers can apply for personal loans in 10 minutes and receive funds between $4,000 and $50,000 within hours, the firm said Tuesday. It originated $56.64

Mortgages 384

Mortgages Loans Lending Finance 384

Housing Wire

FEBRUARY 13, 2024

Bringing awareness to potential opportunities in the reverse mortgage space can be a challenge, but Kristen Sieffert, president of Finance of America Companies (FOA), says it’s a task she’s more than willing to take on. 2023 was a rough year ; I’m happy that it’s in the rearview mirror,” she said.

Finance 345

Finance Equity Industrial Mortgages 345

Housing Wire

JULY 26, 2023

The Chicago-headquartered lender released OneDown — a mortgage loan that allows customers to buy a home with a minimum down payment of 1% of the purchase price. G-Rate will provide 2% of the required 3% minimum down payment for a conventional loan or up to $2,000 — whichever is lower, the firm said on Wednesday.

Loans 351

Loans Mortgages Finance Industrial 351

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. But make no mistake: They’re not your only option when buying or refinancing a home. USDA loans.

Mortgages 427

Mortgages VA loan Loans Loan Officer 427

Housing Wire

JULY 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. Through Agencia Insurance Solutions, agents will be able to offer clients access to flexible online home, auto and life insurance options.

Brokerage 350

Brokerage Finance Lending Mortgages 350

Housing Wire

OCTOBER 2, 2023

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.

Mortgages 392

Mortgages Marketing Investor Lending 392

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. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgages 394

Mortgages Equity Loans Seller concession 394

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 402

Equity Purchase and sale agreement Marketing Lending 402

Housing Wire

MARCH 15, 2023

Seelig’s mandate is to “help Fannie Mae fulfill its mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America,” according to a statement from the government-sponsored enterprise (GSE). residential real estate mortgages. Fannie Mae currently backs nearly $4.1

Title 386

Title Residential Finance Mortgages 386

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 532

Mortgages Banks Loan Officer Technology 532

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. The roots of racial disparities in housing and mortgage markets run deep. Since 2010, Bank of America , Wells Fargo , and JPMorgan Chase have all paid multi-million-dollar settlements in response to U.S.

Mortgages 501

Mortgages Lending Loans Equity 501

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . It’s also essential for originators to understand that reverse mortgages are not loans of last resort.

Mortgages 364

Mortgages Marketing Equity Loans 364

Housing Wire

OCTOBER 17, 2022

Rocket Pro TPO, a division of Rocket Mortgage , launched a set of new tools this week for non-delegated correspondent lenders. Rocket then generates loan estimates, closing disclosures and final closing documents to the client through the portal. from the prior quarter to $162 billion, according to Inside Mortgage Finance.

Loans 389

Loans Mortgages Closing Finance 389

Housing Wire

JUNE 8, 2021

EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8 billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients.

Banks 360

Banks Renovation Marketing Lending 360

Housing Wire

FEBRUARY 25, 2022

United Wholesale Mortgage (UWM) just sued two more broker shops that allegedly violated its controversial “ultimatum” by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage. Brokers who did so would face fines upwards of $5,000 per loan or $50,000, whichever violation sum was greater.

Loans 370

Loans Mortgages Brokerage Lending 370

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. BD: First and foremost, the biggest pain point for brokers is finding lenders that offer mortgage solutions outside of the conventional lending box.

Finance 370

Finance Loans Technology Lending 370

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 369

Loans Purchase and sale agreement Due diligence Industrial 369

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. SoFi has made a big push in recent years to move beyond a specialization in student loan refinancing.

Loans 408

Loans Equity Mortgages Banks 408

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 390

Agents Loan Officer Lending MLS 390

Housing Wire

OCTOBER 16, 2020

Add lender-servicer Guild Mortgage to the ranks of the nonbank mortgage lenders going public. million Class A shares (plus an option for the underwriters, Wells Fargo, BofA Securities and JPMorgan Chase, to purchase 1.275 million additional shares). billion in mortgage loans held for sale. billion to $27.8

Mortgages 370

Mortgages Purchase and sale agreement FHA loan Loans 370

Housing Wire

JULY 1, 2022

Phoning it in is not an option for this list of leaders who are constantly coming up with bold ideas that help push their teams to think big and drive their organizations forward in housing. Finance of America Reverse. Sprout Mortgage. Cherry Creek Mortgage. First Guaranty Mortgage Corporation. Bev Thorne.

Marketing 383

Marketing Branding Lending Title 383

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. What is a Turnkey Rental Property?

Finance 96

Finance FHA loan Investor Loans 96

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 497

Industrial Mortgages Title Lending 497

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 295

Loans Mortgages Principal Title 295

Housing Wire

JULY 11, 2022

The federal government’s signature program to help homeowners from falling behind on their mortgage, having utilities shut off, or being forced out of their homes, is finally being rolled out across America through pilot programs. Servicers, by law, are required to communicate clearly with borrowers about available options.

Finance 308

Finance Mortgages Design As-is 308

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. If Scharf is to be believed, and Wells Fargo intends to “reduce” the size of its vast MSR portfolio, the options are limited. billion as of the end of 2022, U.S.

Banks 349

Banks Loans Mortgages Sales 349

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. What trends have you seen at FAR?

Equity 351

Equity Mortgages Lending As-is 351

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. Conventional Loans. Adjustable-Rate Mortgages.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

Housing Wire

APRIL 8, 2024

That same dire need for affordable housing for the least prosperous among us, however, also is a serious problem in rural America — home to nearly 70 million Americans. The lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the homeless.

New Construction 489

New Construction Finance Construction Mortgages 489

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. trillion on sub-4% loans, keeping the CLTV below 75%,” the group added.

Equity 458

Equity Finance Loans Banks 458

Realtor.com

APRIL 30, 2021

If you’re raring to buy a home , chances are you’ll need a mortgage. But which kind of mortgage should you get? Home loans aren’t one size fits all, but come in a variety of forms to suit home buyers in different circumstances. So what’s the difference between these two types of home loans? Fixed-rate mortgage.

Fixed-rate mortgage 111

Fixed-rate mortgage Loans Mortgages Pre-approval 111

HomeLight

JUNE 16, 2023

And then if they start having trouble making mortgage payments, they are much more likely to sell those homes via the traditional route than to let the home be foreclosed on. Those shoppers can, after all, potentially save a significant amount of money by buying a foreclosed home at an auction. The catch home shoppers need to keep in mind?

Hard money loan 85

Hard money loan Equity Finance Loans 85

Realtor.com

NOVEMBER 28, 2022

designer491/iStock FHA loans, which are insured by the Federal Housing Administration, help home buyers secure financing to buy a home despite their low income, lack of savings, or poor credit scores—the kind of things that often prevent people from getting a conventional loan. You’ll have to pay mortgage insurance.

FHA loan 98

FHA loan Debt-to-income ratio Loans Loan Officer 98