Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. For an LO working to get the loan to the finish line, this can be a huge time saver. How do the solutions work? Why do we need them?

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Housing Wire

JANUARY 5, 2022

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio.

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Housing Wire

NOVEMBER 9, 2020

JPMorgan Chase has tightened mortgage terms on jumbo loans for co-operatives and condominiums in Manhattan amid shrinking buyer demand, Bloomberg reported on Friday. Chase announced that, beginning this week, it would limit jumbo loans to 70% of the sale price. Presented by: Indecomm Global.

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Loans Lending Mortgages Staging 530

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. It remains unclear when the FHA plans to add the 40-year loan modification option to its servicing and loss mitigation handbook. Presented by: Stavvy.

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Loans Industrial Mortgages Real-estate owned 414

Housing Wire

NOVEMBER 9, 2020

forbearance rate measuring the share of mortgages with suspended payments fell 16 basis points to 5.67% last week, with four of the five loan types dropping by double-digit basis points, according to the Mortgage Bankers Association. The post All loan types continued to experience drop in forbearance appeared first on HousingWire.

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Loans Staging Mortgages Banks 427

Housing Wire

APRIL 10, 2023

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

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Title Loans Equity Title search 327

Housing Wire

SEPTEMBER 28, 2021

Loan origination-related consumer complaints rose significantly over the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau ’s (CFPB) report published last week. The bureau’s research brief , which analyzed the relationship between U.S.

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Loans Staging Mortgages Finance 343

Housing Wire

MAY 8, 2024

Let’s see how this has played out in different stages of the economy. After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. In practical terms, we no longer have many exotic loan debt structures or the guidelines to allow loose credit.

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Staging Loans Mortgages Sales 435

Housing Wire

JANUARY 8, 2021

After three consecutive weeks of increases , the number of mortgage loans in active forbearance fell by 92,000 the first week of 2021, according to a Friday report from Black Knight. Fannie Mae and Freddie Mac loans in forbearance fell 3.3% million loans in forbearance appeared first on HousingWire. of all mortgages, and 2.74

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Loans Title Staging Mortgages 389

Housing Wire

MAY 20, 2024

. “The past four years have placed a series of stressors on the market, which have been exacerbated by long-standing gaps in housing supply,” Adrianne Todman, HUD’s acting secretary, said on stage during Mortgage Bankers Association (MBA) Secondary & Capital Markets Conference held in New York.

Mortgages 365

Mortgages Loans Staging Industrial 365

Housing Wire

NOVEMBER 12, 2020

The Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance , extending the temporary policy until Dec. Eligible loans will continue to be priced to mitigate the heightened risk of loss to the Enterprises from said loans.

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Loans Finance Staging Mortgages 422

HomeLight

APRIL 11, 2024

Selling a house “as is” in New York? Whether you’ve got a fixer-upper or recently inherited a relative’s home, you may just want to skip the repairs, get a fair offer, and move on with your life. Marchesiello is a member of the Marchesiello Team. “In MLS has a field to mark a listing “as is”? Which types of homes are sold ‘as is’?

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As-is Inspection Finance Investor 96

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Meanwhile, the FHA-insured loan delinquency rate recorded a larger jump during the same period to 10.81%, up from 9.5%, the highest level since Q3 2021.

Industrial 423

Industrial Closing FHA loan Loans 423

Housing Wire

MARCH 31, 2022

Title reports can be confusing, while at the same time lenders seek to reduce time and friction in the loan origination cycle to remain competitive and provide their borrowers with excellent customer service. Radian Ready is a compliant solution that yields a standard ALTA loan policy meeting investor requirements.

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Title Loans Technology Industrial 309

Housing Wire

AUGUST 1, 2021

More than ever, borrowers want and expect to close their loans digitally, from the initial loan application through the final review and approval of their loan package. But while eClosings are convenient, it can be challenging to offer the same level of customer service online as with in-person closings.

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Closing Loans Closing costs Technology 369

HomeLight

JANUARY 22, 2024

Are you looking to sell your home “as is” in Colorado? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Why do sellers consider selling making a as-is home sale? MLS has a field to mark a listing “as is”? Yes Is a real estate attorney required?

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As-is Inspection Finance Investor 102

Housing Wire

SEPTEMBER 28, 2023

in June, according to CoreLogic ’s Loan Performance Insights. mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a news release. percentage point to 2.7% Overall U.S.

Mortgages 394

Mortgages Staging Equity Principal 394

Housing Wire

FEBRUARY 12, 2024

Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% drop from Q3 2022 to Q4 2022, the report showed. Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% drop from Q3 2022 to Q4 2022, the report showed.

Mortgages 436

Mortgages Lending Loans Equity 436

Housing Wire

APRIL 9, 2021

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

Loans 326

Loans Purchase and sale agreement Staging Mortgages 326

HomeLight

DECEMBER 29, 2023

Looking to sell a house “as is” in Minnesota? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. “A However, selling a house “as is” usually means accepting a lower offer, and it doesn’t always prevent buyers from trying to negotiate savings.

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As-is Inspection Finance Investor 99

HomeLight

DECEMBER 29, 2023

Are you trying to sell your home “as is” in Oklahoma? Whether you’ve got a fixer-upper or recently inherited a relative’s home, you might be looking to skip repairs, get a fair offer, and move on. Currently, if a home is being sold as-is, it’s usually because the person is unable or unwilling to make repairs,” she says.

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As-is Inspection Finance Investor 98

Housing Wire

SEPTEMBER 12, 2023

Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM. The fate of the specialist when the market shifts The independent mortgage banks most of us think of when someone mentions IMBs originated as a result of the Savings and Loan Crisis of the 1980s.

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Banks Mortgages Loans Investor 370

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.

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Loan Officer Agents Marketing Loans 395

HomeLight

DECEMBER 29, 2023

Looking to sell a house “as is” in Missouri? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. It’s a seller’s market, and they strongly prefer an “as is” sale,” she adds. Is a real estate attorney required? Real estate transfer taxes?

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As-is Inspection Finance Investor 94

Housing Wire

APRIL 25, 2024

Having just enough time to review the broad strokes of the CFPB’s announcement immediately before taking the stage, Stork said that he is supportive of certain recent efforts by the bureau, including caps to overdraft fees on credit card purchases. “As As a consumer, I applaud those kinds of measures,” he said. “I

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Loans Staging Mortgages As-is 334

Housing Wire

APRIL 10, 2024

In practice, these rules prohibit giving or accepting a thing of value for referrals of settlement services in federal mortgage loans. Violations identified vary across different stages of the loan process. These services include educating the borrower, explaining the different loan types, and demonstrating monthly payments.

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Banks Brokerage Mortgages Loans 356

Housing Wire

NOVEMBER 14, 2023

Delinquent home loans on one- to four-unit properties rose to 3.62% of all outstanding mortgages in Q3, up from 3.37% the previous quarter and 3.45% a year ago, according to MBA ’s National Delinquency Survey. The increase was driven entirely by a rise in earliest-stage delinquencies – those 30-days and 60-days past due.

Mortgages 350

Mortgages Marketing Staging Loans 350

Housing Wire

AUGUST 22, 2023

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association ’s (MBA) monthly loan monitoring survey. By stage, 36.5% of total loans in forbearance are in the initial forbearance plan stage, while 53.3%

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Mortgages Staging Loans Investor 329

Housing Wire

FEBRUARY 8, 2024

Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, according to MBA ’s National Delinquency Survey. in the previous quarter.

Mortgages 363

Mortgages VA loan Loans Staging 363

Housing Wire

JANUARY 24, 2024

As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. However, serious delinquencies (loans 90+ days past due) and foreclosures both declined year over year thanks to continuing forbearance and loss mitigation efforts by lenders. million loans.

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Mortgages Staging Loans Sales 364

HomeLight

DECEMBER 13, 2023

But there’s another option that you probably haven’t considered: a bridge loan. A bridge loan is a short-term loan that “bridges the income gap” between selling your existing property and purchasing your next home. What is a bridge loan, in simple words? How does a bridge loan work in Miami?

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Equity Loans Debt-to-income ratio Home sale contingency 107

Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “And by generating loan approvals instantly — not minutes, hours or days later — our clients can be assured they are first in line when a customer needs financing.”

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Technology Loans Staging Equity 346

HomeLight

JANUARY 30, 2024

But a potential solution to this buy-sell conundrum is a bridge loan. With a bridge loan, you might find the pieces of your real estate puzzle fitting together more seamlessly than you thought possible. If you need assistance navigating the use of a bridge loan in Denver, HomeLight encourages you to reach out to your own advisor.

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Equity Loans Debt-to-income ratio Home sale contingency 100

Housing Wire

AUGUST 14, 2023

In addition, research has shown that the benefits of leveraging appraisal management technology along with process modernization are real and measurable — including shorter loan cycle times, enhanced appraiser capacity and lower costs for both lenders and consumers. However, is appraisal modernization on its own enough?

Technology 335

Technology Title Staging Loans 335

HomeLight

DECEMBER 8, 2023

However, there’s a financial tool that could be the key to seamlessly aligning these moving parts: a bridge loan — empowering you to purchase your new home before selling your current one. In this post, we’ll provide insights and tips about bridge loans in Ohio. What is a bridge loan, in simple words?

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

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.

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Loans Equity Principal Development 325

HomeLight

DECEMBER 29, 2023

However, there’s a solution that you may not have considered: a bridge loan. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence. What is a bridge loan, in simple words? How does a bridge loan work in Dallas?

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100