Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

FHA loan

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. As of April 22, the platform had 272 sponsored loan officers across 90 branches, according to the Nationwide Multistate Licensing System (NMLS).

Loan Officer

Housing Wire

MAY 29, 2025

For subservicers, managing loans can generate stable income through fees, and when agreements allow and align with their strategy, it opens doors for cross-selling activity. including affiliated Rushmore Loan Management Services ) and Flagstar s servicing assets. Indeed, the total residential subservicing market declined to $3.96

Mortgages

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

Investor

Housing Wire

JUNE 9, 2025

For Ginnie Mae loans, which often serve lower-income and first-time borrowers, DTIs have surged to 45.1%, the highest since 2008 1. in 2022 – while auto loans delinquencies hit 2.0%, and student loan delinquencies (90+ days past due) soared to 20%, a level unseen since 2012. The 2025 U.S. Today’s DTI average of 40.5%

Marketing

Housing Wire

JANUARY 8, 2025

These borrowers found themselves a great deal on their loan and locked themselves into really terrific cheap payments. The average age of outstanding loans climbed steadily during the cheap-money decade, dropped during the pandemic frenzy and is now skyrocketing as homeowners hunker down. of outstanding mortgages, around 8.7

Mortgages

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. PST on Oct. 31 or they’ll be declined. Condos are hard.

Mortgages

Housing Wire

JANUARY 2, 2025

Applications for refinances drove the decrease in the overall index as they fell 36%, while applications for purchase loans were down 13%. Data at HousingWire ‘s Mortgage Rates Center also shows consistent upward movement in the cost of a home loan during the last two weeks of the year.

FHA loan

Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. The new states are Arizona, Nevada, Oregon and Utah. The product also has a minimum age requirement of 55.

Mortgages

Housing Wire

OCTOBER 25, 2024

A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase. And according to Zillow Home Loans Senior Economist Orphe Divounguy, homeownership may be more within reach than most renters think. In some of the U.S.’s The typical rent is 3.4% The typical rent is 3.4%

Pre-approval

Housing Wire

JANUARY 28, 2025

Service transfer borrowers moved their loans to Mr. Cooper for servicing between February 2011 and December 2017. Service transfer borrowers faced significant turmoil once their loans were transferred in bulk to Mr. Cooper for servicing. million in payments to eligible borrowers. Cooper for servicing.

Inspection

Housing Wire

OCTOBER 15, 2024

The pilot program incentivizes borrowers of Fannie-backed multifamily loans to accept vouchers as a valid source of income. Fannie said that about 30% of voucher holders are unable to find housing that accepts their vouchers as income. The program was previously limited only to eligible properties in North Carolina and Texas.

Property Management

Housing Wire

MARCH 5, 2025

The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months, he shared. Mortgage applications increased 20.4% On an unadjusted basis, applications increased 22% compared with the previous week. ” The refinance share of mortgage activity increased to 43.8%

Fixed-rate mortgage

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM has debuted a new cash-out refi product without mortgage insurance.

Equity

Housing Wire

JANUARY 27, 2025

Consumers who chose to take out a cash-out refinance largely used the loans proceeds for paying down existing debts, with notable impacts on credit card and auto loan balances as well as credit utilization rates. One source of debt that was not heavily impacted, according to the data, were student loan balances.

Loans

Housing Wire

OCTOBER 31, 2024

According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applicants declined by 0.8% The average mortgage payment declined in spite of an increase in the median loan size for purchase applicants, which went from $320,100 in August to $328,000 in September.

FHA loan

Housing Wire

FEBRUARY 27, 2025

Meanwhile, the median loan application amount grew from $319,000 in December to $324,800 in January. Higher payments across loan types Borrowers across different mortgage programs also saw their payments rise. Higher payments across loan types Borrowers across different mortgage programs also saw their payments rise.

Mortgages

Housing Wire

OCTOBER 30, 2024

The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere. According to a filing from the California Department of Financial Protection and Innovation dated Oct.

Lending

Housing Wire

OCTOBER 24, 2024

But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. 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

Housing Wire

JUNE 30, 2025

This situation differs from the years following the housing bubble crash, when nearly 15 million loans were under stress, and many late-cycle homebuyers had little to no equity. Down payment and loan-to-value data are very different As shown in the chart below, the loan-to-value ratio for American households is very low.

Equity

Housing Wire

JULY 14, 2025

The growing “gig economy” is reshaping the future of homebuying , and savvy brokers are recognizing the need to adapt quickly with loan products that fit this demographic. Here’s why: Quality loans Today’s non-QM loans are a far cry from the risky products of the pre-2008 era. workforce — will be freelancing.

Investor

Housing Wire

MAY 8, 2025

An analysis released Thursday by MortgageResearch.com suggests that the average new college graduate likely wont be able to afford a home until April 2034 nearly 10 years after graduation due to a triple burden of surging home prices, student loan debt and modest entry-level salaries. and conforming loans were up 0.2%

Loans

Housing Wire

JANUARY 17, 2025

This occurs while they manage the heavy loan of growing origination demand. How do we get a loan from I want a house to its closed and done before they walk away? How do we get a loan from I want a house to its closed and done before they walk away? Most companies think from the primary lens.

Marketing

Housing Wire

OCTOBER 28, 2024

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination. Currently, Ocrolus supports more than 95% of mortgage document types.

Inspection

Housing Wire

MAY 8, 2025

Todays best loan officers operate differently and expect more. Naturally, this means loan officers (LOs) dont work the same way anymore, either. So by the time theyve contacted an LO, theyre armed with substantial knowledge about loan products, rates and qualification requirements (or, in some cases, misinformation about the same).

Loan Officer

Housing Wire

JUNE 13, 2025

This is because traditional income verification requirements for government or government-sponsored loans, including those from Fannie, Freddie , or Ginnie Mae , may not be applicable. Additionally, third-party due diligence is conducted on 100% of the securitized loans, utilizing firms that have been reviewed and approved by S&P.

Due diligence

Housing Wire

DECEMBER 3, 2024

Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Fortunately, home buying doesn’t have to remain confusing for new buyers.

Finance

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. ADU is a big requirement now.

Debt-to-income ratio

Housing Wire

NOVEMBER 13, 2024

Black mortgage applicants are turned down more often than whites; Blacks are more likely to receive high-cost home loans than their white counterparts on similar properties, and houses in Black neighborhoods are less likely to be appraised at the same values compared to similar homes in white communities,” the report found.

Pre-approval

Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

Purchase and sale agreement

Housing Wire

JULY 21, 2025

Department of Veterans Affairs (VA) loans , which jumped 428% from a year ago after a moratorium expired in December 2024. The increase was largely driven a surge in foreclosures involving properties backed by U.S. Now I have properties that are sitting with over two years on market. Existing homes have crashed.

VA loan

Housing Wire

JULY 18, 2025

Trust in loan officers has plunged even further, down to 19.5%. Only 20% of respondents now trust loan officers to guide them through mortgage decisions, while only 33% believe that real estate agents provide reliable advice. The sample was balanced across gender, race and income to reflect the diversity of today’s housing market.

Loan Officer

Housing Wire

JULY 14, 2025

the parent of Guild Mortgage , has left loan officers wondering how the traditionally purchase-focused lender would integrate refinance capabilities to leverage the $770 billion servicing portfolio of soon-to-be sister company Lakeview Loan Servicing , the nation’s second-largest mortgage servicer. Bayview Asset Management ’s $1.3

Mortgages

Housing Wire

MAY 14, 2025

Easy Qualifier Redesign: Offers an easier way for mortgage brokers to price new loans and manage existing scenarios. The new search function allows brokers to look up scenarios by name, loan type, loan purpose and more. A new preview screen gives instant access to key loan details without needing to open each file.

Loans

Housing Wire

MAY 2, 2025

The partnership, announced this week, will give eXp Luxury agents access to the MORE Seller Bridge Loan Program a short-term seller financing option that lets sellers convert their existing low-rate mortgages into income after selling their home.

Finance

Housing Wire

JULY 24, 2025

A rule rooted in crisis…and stuck in time The Loan Originator Compensation Rule was born from the wreckage of the 2008 financial crisis. A rule rooted in crisis…and stuck in time The Loan Originator Compensation Rule was born from the wreckage of the 2008 financial crisis. They can’t offer flexibility on bond loans. Executives.

Loan Officer

Housing Wire

FEBRUARY 3, 2025

It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. The current environment of mergers and acquisitions (M&A) is evolving. There is constant movement in the mortgage industry with the desire for growth and expansion. Patent & Trademark Office. The same is true of domain names.

Due diligence