Housing Wire

JUNE 14, 2023

About 60% of mortgage industry professionals in the U.S. based professionals in the mortgage industry with commission-based roles also found that over 31% plan to leave the industry within the next year, and another 15% are unsure where their future in the mortgage industry stands,” the survey results state. About 82.2%

Loan Officer 382

Loan Officer Mortgages Loans Industrial 382

Housing Wire

MARCH 11, 2022

As lender concerns about margin compression rise, why aren’t we seeking to better understand our mortgage application fallout rates to increase revenue? For mortgage originators of all sizes, “fallout” is a word that induces headaches and nausea at roughly the same level as terms like “repurchase demand” or “regulatory audit.”

Mortgages 348

Mortgages Loans Lending Technology 348

Housing Wire

JUNE 13, 2022

Overall mortgage rate lock took a hit in May, led by a drop in refinance activity, both for rate-term refis and cash-outs. last month, according to Black Knight ’s monthly mortgage originations market report. The post About 82% of origination comes from purchase mortgages appeared first on HousingWire.

Mortgages 382

Mortgages Lending Loans As-is 382

Housing Wire

APRIL 27, 2022

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. from a year ago. from the prior week and was down 16.6%

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Housing Wire

AUGUST 12, 2020

The mortgage borrowers most in need of information about relief options provided by the CARES Act, such as forbearance, are the ones who are least likely to know about it, according to a Fannie Mae report. Every major home-loan servicer has information about forbearance on their websites, according to a HousingWire survey.

Mortgages 469

Mortgages Loans As-is 469

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The changes include updates to pricing for second homes, high-balance loans and cash-out refinances that were first announced in 2022. .

Debt-to-income ratio 541

Debt-to-income ratio Industrial Mortgages Loans 541

Inman

APRIL 22, 2024

Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer's agents' commissions.

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Mortgages Agents Seller concession Finance 161

Real Estate News

APRIL 10, 2024

The mortgage wholesaler is accused of steering and “cheating” borrowers through excessive fees, echoing some claims seen in the commissions cases.

Mortgages 202

Mortgages 202

Keeping Current Matters

AUGUST 23, 2021

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. It’s important to keep in mind the influence rates have on your monthly mortgage payment. Trust the experts. Bottom Line.

Mortgages 234

Mortgages Industrial Marketing 234

RIS Media

JANUARY 25, 2024

Mortgage rates never fell below 6% in 2023 and you probably didn’t even have to follow the news to notice; you’d just have to observe how so many of your leads were hesitant to buy.

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Mortgages Development Industrial Marketing 129

Real Estate News

JANUARY 10, 2024

Fannie Mae’s Home Purchase Sentiment Index closed out the year on a relative high note as borrowing costs fell.

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Mortgages Closing 259

Keeping Current Matters

MARCH 9, 2021

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. Articles talked about the “negative impact” it may have on the housing market. Here are the Freddie Mac annual mortgage rates for the last five years: 2016: 3.65%. What does this mean for you?

Mortgages 216

Mortgages Sales Closing As-is 216

Housing Wire

DECEMBER 4, 2022

Home price corrections exposed a growing pocket of equity risk concentrated among purchase mortgages originated in 2022, Black Knight said in its latest mortgage monitor report. Of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater. More recent homebuyers don’t fare as well. “A

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Keeping Current Matters

NOVEMBER 8, 2021

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity. Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity.

Mortgages 234

Mortgages As-is Marketing 234

Marco Santarelli

APRIL 19, 2024

Here are 3 hidden costs of mortgages you need to factor into your homeownership budget: 3 Hidden Costs of Mortgages You Need to Know About 1. Closing Costs: A Not-So-Small Down Payment You Didn't Know You Needed Closing costs encompass a variety of fees associated with finalizing your home purchase and obtaining your mortgage.

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Mortgages Closing costs Title search Title 52

Keeping Current Matters

FEBRUARY 28, 2023

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable.

Mortgages 234

Mortgages As-is Marketing 234

Maximum Exposure Real Estate

APRIL 25, 2023

Myths About Mortgages When Buying a Home Mortgage myths are easy to fall for when you’ve never purchased a home. If you are like most buyers, you will need a mortgage to buy a home. Unfortunately, there is a lot of misinformation out there about mortgages.

Mortgages 98

Mortgages 98

Keeping Current Matters

OCTOBER 15, 2020

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. It is a necessary next step, as you may qualify for mortgage relief options or forbearance. Options Available.

Mortgages 196

Mortgages Equity Loans As-is 196

Housing Wire

APRIL 24, 2024

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. The alleged scheme misled lenders about the “true intended use of the properties,” and “Gallo and Elmas secured and profited from mortgage loans that were approved at lower interest rates,” the DOJ claimed.

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Mortgages Loans Banks Finance 535

Realty Biz

AUGUST 23, 2023

Are you wondering what happens with reverse mortgage foreclosures? A reverse mortgage foreclosure occurs when a homeowner cannot meet the requirements of their reverse mortgage loan, which can lead to the sale of their home. Understanding reverse mortgages and the foreclosure process is crucial for homeowners.

Mortgages 86

Mortgages Loans Sales Short sale 86

Housing Wire

APRIL 20, 2024

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. This is something I talked about last week on Yahoo Finance. When mortgage rates increase, demand falls and the price-cut percentage grows. 2022: 18.7%

Mortgages 499

Mortgages Finance As-is Sales 499

Realty Biz

NOVEMBER 3, 2021

A second mortgage will release some of the money you’ve put into your home when you need it the most, but there are some negatives to consider. There are some common mortgage questions to ask prior to obtaining a mortgage. Understanding Second Mortgages. How Does a Second Mortgage Work in Practice?

Mortgages 134

Mortgages Equity Loans Renovation 134

Housing Wire

APRIL 24, 2024

Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. In September 2023, to support its operations, Freedom Mortgage raised $1.3 compared to the previous year.

Debt-to-income ratio 417

Debt-to-income ratio Mortgages Loans Finance 417

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Banks 412

Banks Mortgages Loan Officer Loans 412

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending.

Mortgages 357

Mortgages Loan Officer Investor Lending 357

Housing Wire

APRIL 18, 2024

Every business is on the brink of significant transformation driven by the potential of Artificial Intelligence (AI) and workflow automation, and the mortgage industry is no exception. HousingWire spoke with Gareth Borcherds , managing director at Ascent Software Group about how AI is speeding up processes in the mortgage industry.

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Industrial Mortgages Technology As-is 415

RIS Media

MAY 22, 2023

Parcell explained to the House that potential homebuyers… The post NAR President Testifies Before Congressional Panel About New Mortgage Fees appeared first on RISMedia.

Mortgages 98

Mortgages Finance Loans Industrial 98

Housing Wire

APRIL 16, 2024

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. I was wondering if you guys could explain reverse mortgages,” the listener asked the group.

Mortgages 427

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Housing Wire

APRIL 17, 2024

One planner solicited for input thinks that a reverse mortgage could be a worthy consideration, among other options, according to a new blog. “I My Social Security and retirement income is fixed at about $5,600 per month,” he said. “I I used to dislike reverse mortgages. I have lived in Edmonds, Wash.

Mortgages 426

Mortgages Equity Loans As-is 426

RIS Media

AUGUST 15, 2023

Mortgage rates. Renters or others not planning to purchase property couldn’t… The post The Mortgage Talk: What (and How) to Tell Buyers About Financing a Home appeared first on RISMedia. The subject?

Finance 98

Finance Mortgages Development Industrial 98

Housing Wire

APRIL 15, 2024

Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, according to a column published by Reuters. Industry educators have long aimed to position a reverse mortgage as a financial planning tool for retirement. The beneficiaries can get more.

Mortgages 446

Mortgages Equity Loans As-is 446

Realty Biz

JANUARY 12, 2022

However, there is a right time and the right methods to go about this. For a primer on how to do it correctly, read the article: How to Pay Off Your Mortgage in a Few Short Years. On the other hand, some methods don’t make good financial sense… Don’t Pay Others to Pay Off Your Mortgage Faster. Pay Off Your Home Sooner.

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Housing Wire

APRIL 18, 2024

Its mission statement included a desire to “champion groundbreaking research focused on reverse mortgages.” It continued to contribute data and academic information about the reverse mortgage product and its potential use as a retirement planning tool. “We That’s what we want to continue to do.”

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Equity Loan Officer Mortgages Industrial 376

Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me.

Industrial 451

Industrial Mortgages Loans Lending 451

Housing Wire

MARCH 27, 2024

New York-based multichannel lender US Mortgage Corporation is expanding its efforts in the reverse mortgage space, illustrating its focus on growth. The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending.

Mortgages 417

Mortgages Loan Officer Lending Loans 417

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 387

Mortgages Equity Banks Brokerage 387

Housing Wire

APRIL 23, 2024

On Tuesday at The Gathering by HousingWire in Scottsdale, Arizona, Guild Mortgage CEO Terry Schmidt sat down with HousingWire editor in chief Sarah Wheeler to talk about the principles guiding much of the lender’s actions in recruiting, mergers and acquisitions (M&A) and overall business outlook.

Mortgages 402

Mortgages Technology Development Loans 402