Housing Wire

OCTOBER 31, 2024

If a consumer is in the homebuying process, the fraudster will send false wiring instructions to the homebuyer ahead of closing—often appearing as if they are from a trusted representative in the transaction. Consumers should also avoid emailing financial information, such as bank account numbers.

Title

Housing Wire

OCTOBER 22, 2024

based agents can sign up for a business checking account with Thread Bank , which includes a Real-branded debit card. Looking ahead, Real said it aims to unify these features, making Real Wallet a comprehensive financial solution for all of an agent’s business banking needs. and Canada.

Agents

Housing Wire

JUNE 6, 2025

Among them, those ranked in RealTrends Verified The Thousand (based on 2024 data) closed 189,930 transaction sides — down slightly from 198,356 last year. Average transactions sides per agent stays level Top-performing real estate agents closed an average of 185 sides in 2024 (for the 2025 rankings), up slightly from 184 last year.

Agents

Housing Wire

JANUARY 8, 2025

On Wednesday, the Office of the Comptroller of the Currency (OCC) took protective measures by issuing a proclamation that allows national banks, federal savings associations, and federal branches and agencies of foreign banks to close their offices in areas of California affected by the fires.

Banks

Housing Wire

MARCH 24, 2025

To classify these sales, Zillow identified sales that were reported pending or closed with at most one day active and with a buyer and seller represented by the same agent or by agents within the same brokerage office, the report stated. Zillow said only this subset of off-MLS transactions was included in the analysis.

MLS

Housing Wire

MAY 29, 2025

In addition, Two Harbors Investment acquired RoundPoint Mortgage Servicing and Rithm Capital closed a deal for Computershare Mortgage Services, bringing in Specialized Loan Servicing. Mihir Bhatia, a Bank of America analyst who covers mortgage companies, said he expects the trend to continue.

Mortgages

Housing Wire

JULY 23, 2025

List their pain points — opening a bank account, not knowing where to stay, not having a car — and then come up with a detailed plan to solve them. Next steps: Consider how you can exceed expectations for international buyers. How can you make their trip and transaction easier and more personalized?

Closing

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending

Housing Wire

APRIL 21, 2025

Randell Gillespie Gillespie will work closely with the companys leadership and market teams to identify new opportunities for expansion and success. Gillespie lives in the Chicago area and previously held executive leadership roles at Countrywide and Bank of America. Founded in 1982, LeaderOne operates in 48 states. billion last year.

Loan Officer

Housing Wire

JANUARY 7, 2025

Bank ‘s threshold for affordable housing payments 28% of monthly income. Detroit follows close behind at 52.9% To identify the most affordable listings, NetCredit balanced local and national average household incomes against U.S. The national average income is $74,755, according to NetCredit. of available listings.

Development

Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. He couldn’t afford that house and was a week out from closing,” Thompson said. He recounted a case where a buyer received a quote of $1,300 to $1,500 per year for a home.

Design

Housing Wire

JULY 21, 2025

At the same time, the premium borrowers once paid for non-QM loans is shrinking, and as more lenders enter the space and competition increases, rates should come down and align more closely with those seen in conventional mortgages. This is making non-QM a more attractive option even for everyday borrowers.

Lending

Housing Wire

OCTOBER 31, 2024

According to data from the Federal Reserve Bank of New York , roughly 750,000 home equity lines of credit ( HELOCs ) were issued to borrowers ages 55 or older in 2023. But FOA contends that HomeSafe Second represents a better value proposition than a traditional HELOC. “The

Mortgages

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. We likely would not have seen mortgage rates at 8% that year if the spreads hadn’t worsened after the banking crisis. Last week, the 10-year yield closed at approximately 4.49%.

Mortgages

Housing Wire

OCTOBER 23, 2024

As for the product’s mortgage rates, Elezaj said they are more competitive than HELOCs (home equity lines of credit), traditionally a market dominated by credit unions and depository banks. This was rolled out last week, but we are getting close to closing our first two.

Equity

Housing Wire

JULY 14, 2025

This means: Robust underwriting : Rather than “no-doc” or “stated-income” loans, modern non-QM relies on detailed analysis of bank statements (typically 12-24 months), P&L statements, or Debt Service Coverage Ratio (DSCR) for investors. These methods provide a clear picture of cash flow and financial health. “We

Investor

Housing Wire

JULY 22, 2025

Elliman Capital will provide agents with direct access to mortgage professionals, enabling them to refer clients, track loan progress and receive real-time updates from property search to closing. Agents will have access to products from multiple national and regional lenders.

Mortgages

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Bankruptcy

Housing Wire

FEBRUARY 24, 2025

In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. Thats when you start working with the bank. After the brief September dip in mortgage rates close to 6%, enough buyer demand was stimulated that home prices stayed elevated in the fourth quarter. Mortgage rates are a big variable here.

Sales

Housing Wire

OCTOBER 24, 2024

Department of Insurance, Securities and Banking (DISB).” Additionally, Universal notes that almost one-third of its investors never referred a single title or closing order to the operation, and that the capture rate of the affiliated business was 13%.

Title

Housing Wire

MAY 20, 2025

You take out the equity in the home you have and try to get it as close to the home you want. You’re not only getting it from your traditional depositories and [investment banks], but now you have fintech firms that are offering consumer loans or shared-equity products. Thats what I think the HELOC is right now.

Equity

Housing Wire

JANUARY 8, 2025

He most recently served as head of mortgage operations at Quontic , a digital bank based in New York. Skilled in Mortgage Underwriting, Processing, Closing, Contact Centers, Management, Loan Servicing, and Financial Risk.” Farrington’s executive experience spans across several mortgage companies.

Mortgages

Housing Wire

MAY 15, 2025

Every single buyer I ask, ‘Would you buy a home today if you could get a 5% rate with no points, streamline underwriting, closing fast?’ Theyve got $500,000 in the bank, they make $200,000 a year, they got their stuff together. Most people think its because of interest rates, Leahy said. They just had life happen.

Finance

Housing Wire

DECEMBER 12, 2024

Many national companies had already established national refi rates with some of the biggest banks and lenders and yet that left many doing what they have always done; waiting until all the noise has fully hit and then reacting. Unfortunate for most, whereas a few had prepared, most did not see the magnitude of this market anomaly!

Title

Housing Wire

MAY 2, 2025

The company expects to close the transaction on May 8. billion in secured revolving bank financing lines. At the end of March, PennyMac had $4 billion in unsecured debt, $1.7 billion in secured term notes and loans, and $5.2 Its debt-to-equity ratio was 3.4 times, slightly lower than its target of 3.5

Finance

Housing Wire

JANUARY 28, 2025

. … The trend over the last few years of banking financing retreating from this sector , I think it opened up a lot more opportunities for BPL lenders to be the at the forefront of the funding solution to residential developers and investment. I think [about] five years ago, banks were still extremely active in the sector.

Residential

Housing Wire

APRIL 4, 2025

The Peak variation also updated seasoning requirements for Platinum-to-Platinum or proprietary-to-Platinum to 24 months, from one closing date to the next. The new variation will also allow Longbridge partners to reengage with borrowers who may have previously been short to close.

Mortgages

Housing Wire

MAY 9, 2025

With a pipeline nearly double what it was a year agoand demand coming from across the industry, from leading banks and mortgage servicers to independent mortgage banks and credit unions its clear the need for effortless, personalized banking and lending is only growing. ”

Title

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

Marketing

Housing Wire

MARCH 4, 2025

While a few properties have closed, there was only one property, as of March 2, that closed escrow. Two hours ago, a second property just closed in the Palisades. Other than that, six others are in escrow, but nothing else is closed, clarified Anthony Marguleas, CEO of Amalfi Estates.

Land

Housing Wire

AUGUST 5, 2025

Depending on where they are in the process, they might still be living in the home (also called pre-foreclosure), actively listed for auction or already repossessed by the bank (referred to as real estate owned or REO). Maybe the pricing was off, the condition scared off buyers or the bank just didn’t move fast enough.

Banks

Housing Wire

JUNE 12, 2025

Logan Finance says the suite is intended to close a growing financing gap that impacts millions of creditworthy borrowers who don’t meet the standard criteria for conventional loans. Bank Statement (Overland): Uses 12–24 months of bank statements in place of tax returns to verify income.

Finance

Housing Wire

JANUARY 3, 2025

But beyond superior structural integrity, modulars factory-built construction methods also support waste reduction as structures can be built much more quickly and efficiently within a closed factory setting. This type of environment saves on energy usage and has been shown to cut build times by up to 50%.

Development

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs

Housing Wire

NOVEMBER 14, 2024

To get a better idea of what investors might be most closely interested in with these results, along with the outlook for these companies and the industry, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with UBS equity research analyst Douglas Harter. They also mentioned the proprietary product suite at their company as a bright spot.

Investor

Housing Wire

FEBRUARY 6, 2025

Beyond that, Deephaven allows up to 3% seller concessions at closing. Deephavens Equity Advantage Closed End Second is a second mortgage designed for one purpose assisting borrowers in borrowing their equity. Bank statement loans Accepting a borrower who doesnt have a traditional 9-5 job can be a challenge for some lenders.

Loans

Housing Wire

MARCH 25, 2025

Some define a loan officer as someone who is registered with the Nationwide Multistate Licensing System (NMLS); however, an NMLS licensee could be an assistant or a bank employee such as a teller. It’s more interesting – and accurate – to review the loan officer population in terms of who is closing loans.

Loan Officer