Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 414

Loan Officer Mortgages VA loan Lending 414

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 477

Finance Construction Loans Renovation 477

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

FHA loan 390

FHA loan Loans Title Mortgages 390

Housing Wire

AUGUST 13, 2020

Following the launch of the Small Business Administration’s Loan Forgiveness Portal on Monday, Wolters Kluwer announced it is now submitting completed borrower loan forgiveness application data directly to the SBA via its TSoftPlus Paycheck Protection Program Forgiveness Module. According to recent data from the SBA and U.S

Loans 393

Loans Construction Industrial As-is 393

Housing Wire

MAY 6, 2024

According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers. million in mortgages last year, mainly for building and construction.

Mortgages 424

Mortgages Loan Officer Banks Equity 424

Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae. But advocates also say more is needed to improve the loan repurchase process.

Loans 424

Loans Mortgages Construction Finance 424

Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. These are the mindset and actions that set successful agents and loan officers apart in a down market. However, successful agents and loan officers navigate fear at an unusually fast pace.

Loan Officer 424

Loan Officer Agents Marketing Loans 424

Housing Wire

DECEMBER 21, 2023

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.68% on Thursday. With a rate of 6.2%, the typical monthly payment on a loan for a $400,000 home would be about $2,700, down from $3,000 with a 7.5% This week’s dip is the largest weekly drop since November 2022.

Mortgages 493

Mortgages Fixed-rate mortgage MLS New Construction 493

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Lending 414

Lending Technology Loans Equity 414

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS). It has licenses in four states and three branches.

Banks 414

Banks Mortgages Loan Officer Loans 414

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Title 442

Title Finance Loans Lending 442

Housing Wire

APRIL 1, 2024

The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products. This means they take the loan application, submit it and earn compensation for the transaction. “We This is just one more arrow in their quiver.”

Loan Officer 414

Loan Officer Loans Mortgages Equity 414

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. decline from 2022, according to Inside Mortgage Finance.

Lending 424

Lending Loans Renovation Mortgages 424

Housing Wire

MARCH 21, 2024

I’m here to build on our presence in the West by fostering an environment where mortgage loan originators and branch managers can truly thrive.” Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday.

Lending 413

Lending Sales Commercial Loans 413

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.

FHA loan 442

FHA loan Loans Title Mortgages 442

Housing Wire

MARCH 20, 2024

The organization recognized LoanPASS for its loan pricing software, which can map out forward and reverse mortgage options side by side. “In Partnering with LoanPASS to implement their product and pricing engine was an easy decision as it seamlessly aligned with our vision,” Smartfi CEO Gregg Smith said in a statement in January.

Lending 413

Lending Mortgages Technology Banks 413

Realty Biz

OCTOBER 21, 2023

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Development financing for larger new construction projects and alternative financing approaches should also be considered. Traditional mortgage loans are a common choice, particularly for individual spec homes.

Loans 108

Loans Finance Construction Commercial 108

Keeping Current Matters

NOVEMBER 11, 2020

In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their own homes. 306,879 VA home loans were made without a down payment. Thank you for your service.

Loans 264

Loans Closing costs Construction Closing 264

Housing Wire

MAY 16, 2024

The report assessed 533,894 HECM loans originated and terminated during the 20-year study period. The bulk of losses came from loans that originated between 2006 and 2010,” the report stated. “The The bulk of losses came from loans that originated between 2006 and 2010,” the report stated. billion from the program.

Loans 262

Loans Equity Principal Development 262

Housing Wire

MARCH 21, 2024

The silver lining, however, is that builders have picked up their pace of construction. The silver lining, however, is that builders have picked up their pace of construction. The biggest challenge in today’s housing market is the lack of inventory , Fratantoni said in his written statement on Wednesday.

Industrial 417

Industrial Banks Residential Lending 417

Housing Wire

FEBRUARY 29, 2024

And HousingWire’s Mortgage Rates Center showed that Polly ’s average 30-year fixed rate for conventional loans was 7.23% on Thursday, up from 7.19% at the same time last week. Other buyers are choosing to pivot to new construction, attracted to the concessions offered by homebuilders, including rate buydowns.

Mortgages 464

Mortgages Fixed-rate mortgage New Construction Construction 464

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. The same year, the bank completed a deal to finance an ultra-luxury condo project in Sunny Isles Beach, Florida, with a $558 million construction loan. In 2019, the bank inked one of its biggest deals.

Banks 67

Banks Construction Finance Commercial 67

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Loans 404

Loans Renovation Construction Mortgages 404

Housing Wire

AUGUST 25, 2023

AmeriFirst told Housingwire that the bankruptcy action has no impact on closed mortgages and the loans in the pipeline will be closed and funded. The lender also maintained its servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. Retail lender AmeriFirst Financial Inc.

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Housing Wire

JANUARY 3, 2024

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The HUD program is a loan program that aids organizations in recruiting skilled workers for hard-to-fill or hard-to-recruit positions,” the announcement said.

Construction 414

Construction Principal Development Loans 414

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7.20% on Wednesday, compared to 7.07% the previous week.

Mortgages 442

Mortgages Fixed-rate mortgage Marketing MLS 442

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Housing Wire

JULY 20, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.78% as of July 20, down from last week ’s 6.96%. By contrast, the 30-year was at 5.54% a year ago at this time. “As

Mortgages 370

Mortgages Fixed-rate mortgage New Construction Construction 370

Housing Wire

JULY 19, 2023

Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales. As a direct and proximate result of Chikonde’s actions, Fannie Mae temporarily suspended Go Mortgage’s seller/service number, which caused the company to be unable to deliver loans,” the suit said.

Mortgages 370

Mortgages Marketing Lending Construction 370

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% Fueling this increase is new construction, according to Divounguy, even though the 1.3% After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Over the past year, the value of the U.S. rise in the average value of U.S.

Marketing 510

Marketing New Construction Finance Construction 510

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. in April, with the total number of unemployed persons rising to 6.1

Construction 382

Construction MLS Mortgages Loans 382

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Aside from geographical expansion, Academy also brings expertise in the construction loan space for builders, which represents 25% to 30% of its business, according to Schmidt.

Mortgages 414

Mortgages Loan Officer Loans Closing 414

Housing Wire

OCTOBER 6, 2023

” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. 4-7, in Las Vegas. “We’re people who have been around for a while.

Mortgages 464

Mortgages VA loan Finance Loans 464

Housing Wire

MARCH 21, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. Loan for vacant land.

Agents 370

Agents VA loan Land Construction 370

Housing Wire

APRIL 30, 2024

In a letter to FHA Commissioner Julia Gordon, David Certner — AARP’s legislative counsel and legislative policy director in the government affairs division — explained the group’s opposition to premium pricing credits on H4P loans while permitting lenders and third-party originators to contribute to closing costs.

Mortgages 412

Mortgages Closing costs Equity Construction 412

Housing Wire

DECEMBER 12, 2023

Meanwhile, inventory for new homes soared to levels last seen during the Great Financial Crisis as builders worked off the backlog accumulated from the pandemic’s construction boom. The gap peaked in November 2022, when the average note rate for new construction sales was one percentage point lower than the rate for existing home sales.

Debt-to-income ratio 414

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 414

Housing Wire

JULY 14, 2023

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection. The CFPB goes on to cite U.S.

Mortgages 369

Mortgages Commercial Banks Loans 369