Housing Wire

MARCH 27, 2024

In situations where no offer of compensation is offered from a seller, VA buyers are immediately at a disadvantage, potentially forcing them to forego professional representation, lose a property in an already limited inventory, choose a different loan product, or exit the market entirely,” Sears wrote.

VA loan 446

VA loan Loans Principal Mortgages 446

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. We are getting closer to that period where total inventory traditionally falls. But now this is a real risk. The parts of the U.S.

Mortgages 518

Mortgages As-is Marketing Finance 518

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. .

Mortgages 521

Mortgages Marketing Lending Loans 521

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. Bank Home Mortgage. But it’s a challenge.

Mortgages 390

Mortgages Banks Technology Finance 390

Housing Wire

JANUARY 10, 2023

American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. All of our production is down, the industry volume is off considerably and I think there’s an opportunity for well-positioned, well-capitalized lenders,” Lowman said. We can get them (LOs) running in about 30 days.

Mortgages 358

Mortgages Loan Officer Loans Finance 358

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. from $490 billion in the second quarter. year over year as of the third quarter of last year.

Equity 446

Equity Lending Banks Loans 446

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Part of our housing dilemma is this: How can you make something affordable when you promote it as someone’s best investment?

Loans 544

Loans Banks Equity Closing costs 544

Housing Wire

NOVEMBER 20, 2023

If this is to happen, buyer agents and mortgage companies will be forced to adapt. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing. Most successful loan officers get their business from buyer agent referrals.

Pre-approval 415

Pre-approval Agents Loan Officer Seller concession 415

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.

Mortgages 532

Mortgages Banks Loan Officer Technology 532

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

FEBRUARY 27, 2024

Here is why and what can be done about it. The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. This is important for anyone who wants to understand Black consumers and do business with them.

Banks 416

Banks Loans Land Commercial 416

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 390

Agents Loan Officer Lending MLS 390

Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. “I’m done with it. . “I’m done with it. ” The initiative applies to any conventional loan on primary homes, including high-balance adjustable-rate mortgages, UWM said. .”

Loans 545

Loans Banks Mortgages Finance 545

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

JANUARY 19, 2023

The Mortgage Bankers Association (MBA) reported that mortgage applications recently hit their lowest rate since 1996 , and Fannie Mae’s most recent estimate shows that origination volume will decline to $1.7 Lenders need a robust mortgage quality control (QC) audit and reporting program to do so effectively. trillion in 2023.

Loans 359

Loans Lending Investor Mortgages 359

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 351

Loans Banks Mortgages Investor 351

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. But because the programs vary, that can be a challenge.

Finance 308

Finance Mortgages Design As-is 308

Housing Wire

APRIL 8, 2024

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. 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.

New Construction 489

New Construction Finance Construction Mortgages 489

Housing Wire

FEBRUARY 8, 2024

And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals.

Agents 392

Agents Construction Design Branding 392

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. trillion all-agency MSR market, according to mortgage-data analytics firm Recursion. Or it could signal a future MSR-market stampede. billion as of the end of 2022, U.S.

Banks 349

Banks Loans Mortgages Sales 349

The Residential Specialist

JULY 7, 2023

These first-time real estate investors are under the age of 40, are more knowledgeable about real estate and financing, and are less risk-averse than previous generations. There are so many options available, and they don’t know where to turn for advice. Higher interest rates aren’t a deterrent either.

Investor 98

Investor Finance Renovation Property Management 98

Realtor.com

DECEMBER 19, 2022

Her lender suggested a temporary buydown that would lower her mortgage payment for the first three years. “I I don’t think I would have been able to afford it without the buydown,” Ms. Temporary buydowns offer steep but short-term savings on mortgage rates. This is a way they can get rid of that payment shock a bit.”.

Mortgages 68

Mortgages Loans Construction Finance 68

Real Trends

FEBRUARY 21, 2023

How quickly will higher mortgage rates impact the surprisingly resilient home buyers this spring? The interest on a 30-year fixed mortgage is approaching 7% again. The question is, where in the data do we see fewer homebuyers first? How long will it take for the higher mortgage rates to force the buyers to back off?

Mortgages 93

Mortgages Sales Staging As-is 93

Realtor.com

FEBRUARY 3, 2021

If you have only limited credit, you may not qualify for a mortgage at all. A micromortgage is a loan for $100,000 or less, and homes at this price point are still abundant in some markets—including Louisville, KY, and southern Indiana, where the program is getting started. Wondering if a micromortgage is right for you?

Loans 111

Loans FHA loan Finance Loan Officer 111

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 383

Loans Mortgages Loan Officer Pre-approval 383

Realtor.com

FEBRUARY 3, 2021

If you have only limited credit, you may not qualify for a mortgage at all. A micromortgage is a loan for $100,000 or less, and homes at this price point are still abundant in some markets—including Louisville, KY, and southern Indiana, where the program is getting started. Wondering if a micromortgage is right for you?

Loans 98

Loans FHA loan Finance Loan Officer 98

HomeLight

MAY 17, 2022

Real estate hacks for buying and selling your way to wealth can be hard to find. But although you might pay less than you would on the open market, closing a sale on a foreclosure can take a long time, and properties may be sold “as-is ,” without a seller’s disclosure. It’s not uncommon to get stuck with major repairs!

Inspection 102

Inspection Banks Short sale Title 102

Realtor.com

JANUARY 19, 2023

“Being in our late 20s, even though we both have great careers working in real estate and my wife as a college professor, we were having a difficult time getting our foot in the door with a home purchase,” Joey says. Joey Leisz “But my wife and I don’t really care,” Joey says. “We This mobile home needed work.

Construction 94

Construction Renovation Land Finance 94

Notorious ROB

MARCH 16, 2023

Who am I kidding? Part of it is that I’ve been very busy with projects, but the other part is that there really hasn’t been much of interest that I haven’t written about over and over before. Enjoy the silence, I figure. I break that silence because world events intrude on my peaceful focus.

Banks 72

Banks Finance Fixed-rate mortgage Loans 72

Realtor.com

DECEMBER 2, 2021

Manufacturing was disrupted due to the pandemic, as illness and lockdowns slowed business, and there continue to be significant problems with goods getting into ports. Realtor.com / Getty Images Inflation is a red-hot topic right now, and for good reason: In October, the annual inflation rate rose to an alarming 6.2%.

Mortgages 133

Mortgages Investor Principal As-is 133

Notorious ROB

FEBRUARY 13, 2023

I am a 100% free market capitalist. In fact, I’m an AnCap (anarcho-capitalist) with strong Austrian economics leanings. So it is rare that I run across a business model that I detest. And it’s not just ownership [like], ‘I feel like I am part of something.’ It’s, ‘I actually own part of something.’”

Equity 84

Equity Investor Branding Mortgages 84

Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. But these professionals instead seemed to express that getting back to the core fundamentals of origination has proved most fruitful thus far.

Marketing 377

Marketing Fixed-rate mortgage Loans Mortgages 377

HomeLight

MARCH 9, 2023

Individual program details can change — please visit the agency or company website for the most up-to-date information on program requirements and qualifications. Inflation can also make the dream feel like a fantasy. Here you’ll find an abundance of links and expert tips to get started on your homeownership journey.

Loans 73

Loans Debt-to-income ratio VA loan FHA loan 73

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. But if you don’t know how to get one, then you might feel daunted — even discouraged. But if you don’t know how to get one, then you might feel daunted — even discouraged.

Loans 102

Loans VA loan FHA loan Purchase and sale agreement 102

Housing Wire

JANUARY 7, 2022

Unlike the previous expansion, where the jobs recovery was slow, we have a much different dynamic this time around. Job openings are still over 10 million and I am still smiling here as I was the one person on Twitter finance that had been tweeting out #JOLTS 10,000,000 well before the job opening data took off.

Mortgages 515

Mortgages Construction As-is Marketing 515

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 446

Mortgages Banks Brokerage Loans 446

Toronto Realty Blog

SEPTEMBER 7, 2023

TorontoRealtyBlog While I do love writing these multi-part posts, I would love them a lot more if I finished them on time! My goal of completing both posts by the start of the long weekend was never even close, but at least it came in handy as an excuse when I really, really needed to get out of the house on Monday.

Marketing 80

Marketing Land Development Banks 80