Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

Bankruptcy 430

Bankruptcy Equity Hard money loan Finance 430

Housing Wire

JANUARY 14, 2022

That’s standard for Rochester, a city on the banks of Lake Ontario that quickly grew after the American Revolution and gave birth to Eastman Kodak and Xerox , but whose population has tumbled from around 350,000 in the mid-20th century to just over 200,000 today. It left us breathless. In addition, the sale-to-list price ratio was 106.3%

Agents 430

Agents Inspection Marketing Equity 430

Housing Wire

JANUARY 10, 2023

Bank executives reportedly expressed concerns about “reputational risk” when financing large amounts of loans originated from other firms. As the largest bank lender to Black and Hispanic families for the last decade, we remain deeply committed to advancing racial equity in homeownership.”.

Closing 493

Closing Lending Banks Equity 493

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Agents 403

Agents Loan Officer Lending Loans 403

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). non-Bank financial institutions at Fitch Ratings.

Marketing 528

Marketing Equity Loans Bankruptcy 528

HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Lenders take on a higher risk by banking on your ability to sell your old home in a timely manner.

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Calque’s collaborative BBYS solution doesn’t disintermediate agents or lenders.

Backup offer 430

Backup offer Loan Officer Home sale contingency Branding 430

Housing Wire

FEBRUARY 23, 2024

The three areas in which AI is driving impact are mortgage banking, underwriting and servicing, Rocket CEO Varun Krishna shared with analysts during the latest earnings call. To court more clients, Rocket launched products targeted at accumulated home equity levels and potential homebuyers who face affordability challenges.

Equity 430

Equity Bankruptcy Loans Mortgages 430

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 105

Equity Finance Loans Closing costs 105

Lighter Side of Real Estate

JANUARY 10, 2024

About 25% of those surveyed said they devote a full week each month on budgeting, checking their bank account balance, and reviewing their credit card transactions. Your equity is the difference between the amount your house is currently worth, and the amount you owe to any lenders. Take out a home equity line of credit (HELOC).

Equity 91

Equity Loans Finance Mortgages 91

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey.

Mortgages 430

Mortgages Marketing Banks New Construction 430

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 523

Loans Closing Mortgages Equity 523

Housing Wire

AUGUST 28, 2023

In Q2, Better decided to wind down its in-house real estate agent business to focus on partnering with third-party real estate agents. The company’s latest filing shows the firm had less than five agents as of June 8, 2023, declining from 470 agents as of December 31, 2021, and about 80 agents as of December 31, 2022.

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

Housing Wire

AUGUST 13, 2021

Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. Despite historically-low mortgage rates in the face of the COVID-19 pandemic, many banks began tightening underwriting requirements for approvals.

Pre-qualification 417

Pre-qualification Pre-approval Equity Finance 417

Housing Wire

JULY 1, 2024

Devon Bevis Senior Vice President Correspondent & Co-Issue Sales Mr. Cooper Dionna Hall Chief Executive Officer Broward, Palm Beaches & St.

Lending 482

Lending Technology Mortgages Equity 482

BAM Media

MAY 31, 2024

Your buyers who need to sign something will be in a remote location with no Wifi while the other agent pawns you off to their clueless assistant as they suck down daiquiris in Tulum. Truly a wonderful time to be an agent. Some agents take their foot off the gas during summer while others double down and increase their market share.

Agents 98

Agents Equity Branding Banks 98

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

Banks 98

Banks Inspection contingency Inspection FHA loan 98

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. ” Traditional banks have proximity to borrowers due to a preponderance of local branches across the country.

Mortgages 525

Mortgages Marketing Lending Loans 525

Housing Wire

MARCH 23, 2021

million shares to the investment banks underwriting the initial public offering. If Compass succeeds in selling shares at $24.50, that calculates to $951 million raised, once share discounts to underwriting banks are factored in. The underwriters include Goldman Sachs Co. The company has a $6.85 billion market value.

Marketing 425

Marketing Brokerage Residential Banks 425

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 388

Lending Banks Bankruptcy Loans 388

Housing Wire

NOVEMBER 1, 2022

Relationships with real estate agents. But when refis dried up, one major stumbling block for refi-heavy Rocket was the lack of relationships with its bankers and real estate agents, who bring in business for lenders, the Journal reported. . Her team disbanded and she left the industry. Cash-out refis, new products.

Marketing 441

Marketing Loans Mortgages Finance 441

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 460

Technology Title Development Lending 460

RIS Media

SEPTEMBER 21, 2021

Of course, the local economic impact of housing is about more than just real estate agents. If the real estate agent does not sell the property, he or she does not earn a fee. The average American household has about $8,800 in the bank. In fact, of the 1.5 million REALTORS® across the country, more than 1.3 small businesses.

Equity 111

Equity Marketing Principal Banks 111

Realty Biz

OCTOBER 3, 2023

The Asian Real Estate Association of America (AREAA) today released its annual A-List which honors 162 individual real estate agents and 83 teams for outstanding production in 2022, along with 36 mortgage professionals. AREAA honored 167 individual agents and teams a year ago. with Equity Union in Encino, Calif. Gary ($191.42

Agents 109

Agents Banks Loans Mortgages 109

Housing Wire

JULY 25, 2024

But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire ’s Reverse Mortgage Daily (RMD) that he made the transition from industry professional to customer. You spent just under 20 years in the business.

Mortgages 425

Mortgages Principal Development Industrial 425

Housing Wire

MAY 23, 2022

We are thrilled to be bringing on a dynamic change agent who will continue to build on the unity between our operations and sales units and instill a culture and vision that aligns everyone in the organization to achieve a common goal,” Seehausen said in a statement.

Mortgages 403

Mortgages Lending Development Equity 403

HomeLight

OCTOBER 31, 2024

If you count real estate agent commissions (technically not a closing cost), the percentage increases to a range of 6% to 10%. This document provides a detailed breakdown of all your closing costs, showing how much will go to your mortgage lender, as well as the amount you’ll receive from the sale, either through a bank transfer or check.

52

52

Housing Wire

AUGUST 13, 2021

Mortgage lenders and real estate agents who do not provide customers with a digital experience are being left behind. Today it’s over 70% at big banks, and between 95% to 99% for top producers. However, the real threat right now is in the emerging banking-as-a-service. The COVID shift. Tech becomes fintech.

Loan Officer 460

Loan Officer Technology Loans Mortgages 460

HomeLight

NOVEMBER 30, 2023

Find an Agent To Help You Make Sense of Your Home Appraisal Working with a top agent can help you take the stress out of evaluating your low appraisal options. Find a Buyer's Agent Clearly, appraisals can be tricky, so we’ve turned to the experts to answer your most pressing appraisal questions.

Banks 116

Banks Loans Finance Lending 116

Housing Wire

SEPTEMBER 2, 2021

The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6 “We’ve proven that technology can help transform the transaction experience, and we couldn’t be more excited to bring that technology to top agents, homebuyers, and sellers everywhere.”.

Pre-approval 400

Pre-approval Investor Technology Equity 400

Realtor.com

OCTOBER 29, 2020

If you’re a homeowner, you have options that involve tapping into your home equity —the difference between what your home is worth and how much you owe on your mortgage. There are three main ways to tap into home equity, but sorting through those options can be confusing. Home equity loan. Cash-out refinance.

Equity 76

Equity Loans Closing costs Principal 76

Housing Wire

DECEMBER 29, 2020

Find out more about technology and solutions specifically geared to empower the community lender to offer personalized service to borrowers and to the real estate agent partners from loan application to closing. Bank and integrated with CoreLogic in 2019 for an easier access line to borrowers credit. Presented by: Maxwell. billion.

Mortgages 402

Mortgages Investor Technology Banks 402

Housing Wire

JULY 26, 2021

Differences in home equity account for a large chunk of the wealth gap, with Black families having only about one-eighth the net wealth of white families. Since 2010, Bank of America , Wells Fargo , and JPMorgan Chase have all paid multi-million-dollar settlements in response to U.S.

Mortgages 509

Mortgages Lending Loans Equity 509

Housing Wire

FEBRUARY 11, 2021

In its prospectus, loanDepot spoke of its partner business , which includes third-party-originations via mortgage brokers and real estate agents, as well as joint-ventures with builders and other referral partners. But it noted that its retail strategy is more developed.

Loans 417

Loans Finance Mortgages Closing 417

Keeping Current Matters

DECEMBER 14, 2021

AJ Barkley, Head of Neighborhood and Community Lending for Bank of America , says : “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.”. For first-generation homebuyers, that feeling of accomplishment is even greater.

Pre-approval 283

Pre-approval Lending Equity Banks 283

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’

Technology 388

Technology Brokerage Lending Mortgages 388

HomeLight

NOVEMBER 29, 2023

Free online home value estimators can give you an idea of what your house might sell for or how much home equity you’ve banked so far. None of these tools are a substitute for a formal appraisal or the in-person expertise of a real estate agent, but they can be a useful starting point.

MLS 111

MLS Equity Banks Sales 111