The Mortgage Report

JUNE 22, 2022

Learn how rising mortgage rates impact home buyers and what you can do to improve your home buying odds in today's market.

Mortgages 104

Mortgages Marketing 104

Housing Wire

MARCH 19, 2024

President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike. Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply.

Mortgages 425

Mortgages As-is Design Closing 425

Housing Wire

FEBRUARY 12, 2024

In 2022, rent growth rates spanned a much wider spectrum of 4.8% Elevated demand for rental units has kept rent prices afloat, due in part to the fact that home prices have been increasing at a much faster pace than rents. Throughout 2023, yearly rent growth rates hovered between -2.1% to 17.7%, Redfin reported. in the West to $2,358.

Construction 427

Construction New Construction Staging Mortgages 427

Housing Wire

JANUARY 5, 2024

Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices. How interest rates impact your clients Let’s look at how interest rates can impact buyers, sellers or homeowners looking to refinance.

Fixed-rate mortgage 437

Fixed-rate mortgage Agents Marketing Lending 437

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? Fannie Mae recently projected originations for 2023 at $1.59

Renovation 462

Renovation Sales Investor Mortgages 462

The Mortgage Report

JULY 30, 2021

You may be able to buy a home on $50,000 a year with today's low interest rates and special mortgage programs. Learn more here.

Mortgages 122

Mortgages 122

Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. Reasons for the housing shortage plentiful Housing has been materially unbuilt for the past 15 years.

Mortgages 395

Mortgages Land Construction Marketing 395

Housing Wire

DECEMBER 7, 2023

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. It’s now been 15 years since the Housing and Economic Recovery Act (HERA) was signed into law and the Federal Housing Finance Agency (FHFA) took over Fannie Mae and Freddie Mac.

Pre-approval 545

Pre-approval Mortgages Development Lending 545

Housing Wire

AUGUST 4, 2023

A new affordable housing law passed by Florida’s legislature and signed in March by Gov. Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government.

Land 369

Land Development Construction Commercial 369

Housing Wire

JUNE 4, 2021

Let’s be honest – affording a home isn’t always easy. In this market where homes are selling like hot potatoes, it might seem like everyone can afford to buy a house, but that’s not true. Even with today’s low interest rates, affording a home can be a challenge. Absolutely not. Here’s the scoop.

Debt-to-income ratio 446

Debt-to-income ratio FHA loan Loans Land 446

Housing Wire

DECEMBER 4, 2023

Housing Forward is leading the charge in the greater Dallas area against homelessness, a vexing problem that plagues many cities across the county, and in recent years the nonprofit has notched some significant victories in the effort. That has been accomplished through the Housing Forward-led R.E.A.L

Development 417

Development Property Management Residential As-is 417

Housing Wire

SEPTEMBER 27, 2023

Government-sponsored enterprise (GSE) Fannie Mae announced on Wednesday that it will launch new programs and resources designed to tackle the homeownership gap experienced by the Latino community , designed to “to provide responsible access to housing and long-term sustainable homeownership opportunities.”

Design 437

Design As-is Closing Finance 437

Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

VA loan 539

VA loan Loans Banks Mortgages 539

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Here’s what homebuyers and sellers can expect in 2024, according to Bright MLS: Mortgage rates will fall, ranging between 6% and 6.5% by the year’s end.

MLS 469

MLS Closing costs Sales Mortgages 469

Housing Wire

DECEMBER 1, 2023

“With the latest Federal Housing Finance Agency (FHFA) announcement, he could qualify for a conforming loan paying a 5% down payment of roughly $40,000 rather than $80,000 – which could have put him on the sideline. For high-cost areas, the loan limit is $1.149 million. on an annual basis in 2024. next year.

FHA loan 454

FHA loan Loans Finance Mortgages 454

Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. So let’s hope for more home sellers in 2024. 2022 21.7%

Mortgages 532

Mortgages Sales As-is Marketing 532

The Mortgage Report

OCTOBER 5, 2020

Many people can easily buy a house on a $100K salary. However, your home buying budget will vary depending on your credit score, DTI, and down payment.

105

105

Housing Wire

NOVEMBER 14, 2023

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. In addition to high interest rates, low housing stock means homes are still expensive.

Renovation 501

Renovation Technology Design Agents 501

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. Armed with data from HousingWire sister company Altos Research , we can see in minute detail how the housing market responded to the recent 7%-and-higher rate environment and what the market may see again soon. in 2019-2020, 16.9-17.2%

Mortgages 437

Mortgages Days on market As-is Sales 437

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Under this policy, lenders can include income earned from ADUs when underwriting their mortgage.

Finance 481

Finance Construction Loans Renovation 481

Housing Wire

NOVEMBER 28, 2023

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about credit optimization and how taking a closer look at consumer credit can benefit borrowers. That means that credit optimization can benefit nearly every mortgage applicant. Why is this important now? HW: You’ve spoken of credit optimization.

Bankruptcy 406

Bankruptcy Loans Mortgages As-is 406

Housing Wire

JULY 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. We can expect affordability to continue being a central driver of demand for new homes.”

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

JANUARY 17, 2024

Department of Housing and Urban Development (HUD) Marcia Fudge suggested to a congressional committee that the department could consider eliminating life-of-loan premium requirements for mortgages backed by the Federal Housing Administration (FHA), but did not offer any indication about the issue’s priority level at HUD.

Loans 462

Loans FHA loan Equity Mortgages 462

Housing Wire

JANUARY 13, 2021

One being, how much do you need to earn in a year to afford a mortgage in the U.S.? . When shopping for a house, you might want to consider looking outside of America’s largest cities. and how much a potential homeowner would need to earn to live comfortably. Affording a home in the U.S. New York City, New York.

Debt-to-income ratio 497

Debt-to-income ratio Mortgages Sales Marketing 497

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. Things are hard in reverse [mortgages, because] they’re different.

Finance 406

Finance Equity Industrial Mortgages 406

Housing Wire

FEBRUARY 15, 2024

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). Everybody needs some kind of assistance in buying a home,” Saller said.

FHA loan 446

FHA loan Loans Closing costs Loan Officer 446

Housing Wire

NOVEMBER 14, 2023

Increasing numbers of longer-distance moves across counties and states have supported clear population shifts over the course of the pandemic as people have flocked to smaller towns and rural areas in search of more affordable housing and a slower pace of life. cities, wage inequality and housing markets in general.

Commercial 427

Commercial Development As-is Marketing 427

Housing Wire

MARCH 20, 2024

Many buyers, especially first-timers , might find themselves unable to afford representation, potentially foregoing it altogether. Buyer’s agents facilitates so much more than just being a glorified door-opener, like many outsiders would have people believe.

Debt-to-income ratio 475

Debt-to-income ratio Agents Equity Closing costs 475

Housing Wire

NOVEMBER 30, 2023

The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining affordability prospects will limit what the Bureau can accomplish. House of Representatives Financial Services Committee on Wednesday.

Mortgages 407

Mortgages Lending Loans Equity 407

Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. The GSEs’ obligations to serve underserved markets can be much more robust, and these plans don’t do that,” Dworkin said.

Land 521

Land Loans Title Lending 521

Housing Wire

APRIL 2, 2021

For example, it can help you stay organized since you’ll have less space to spread out and lose track of your belongings. Downsizing can also make it easier for you to relocate to another area if you want to be closer to your family or friends. Here’s how to choose between a house, condo or townhouse.

Mortgages 541

Mortgages As-is Marketing 541

Housing Wire

MAY 3, 2024

I sat down with Deitch for a wide-ranging conversation on the ways lenders can claw back profitability through smart technology and products that meet the moment. In that scenario, parents who are sitting on a pile of home equity can be game-changers. The traditional approach fo many LOs won’t cut it in this environment, Deitch said.

Equity 416

Equity Technology Loans Lending 416

Housing Wire

APRIL 22, 2024

Some of the most common misconceptions that I hear is that I can’t do an acquisition, I’m too small or I can’t afford it,” Wright said. “My As a seller I want an opportunity to get as much from this earn out as I can and as a purchaser, if the market declines further, I don’t want the burden of a payment,” Murray said. “As

Brokerage 436

Brokerage Purchase and sale agreement Title Industrial 436

Housing Wire

FEBRUARY 5, 2021

Whether you’re shopping for a fixer-upper or a home with a modern exterior, there’s nothing like finally being able to check the “buy a house” box off your bucket list. . That said, finding the right home can be challenging and time-consuming. How much house you can afford ? More for Real Estate Enthusiasts.

Mortgages 475

Mortgages As-is Marketing 475

Housing Wire

MARCH 12, 2021

Buying a home for the first time can be a daunting task. Besides having to shop the market for your dream house, you also have to throw down a huge chunk of change once you find it. . While you want the perfect home, you also want to be able to afford it. to determine which ones were least affordable for homebuyers.

Renovation 383

Renovation Banks Finance Marketing 383

Housing Wire

OCTOBER 19, 2022

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

Mortgages 427

Mortgages Loans Loan Officer As-is 427

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said.

Sales 533

Sales Development Equity Land 533