Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday.

Debt-to-income ratio 430

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 430

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023. Perez on Oct.

Debt-to-income ratio 397

Debt-to-income ratio Mortgages Loan Officer Banks 397

Housing Wire

DECEMBER 13, 2024

Mortgage application and origination activity dropped by roughly one-third from 2022 to 2023 as high interest rates depressed broader industry activity. That’s according to Home Mortgage Disclosure Act (HMDA) data published by the Consumer Financial Protection Bureau (CFPB) in a report released Friday.

Debt-to-income ratio 370

Debt-to-income ratio Mortgages Fixed-rate mortgage Loans 370

Housing Wire

OCTOBER 28, 2024

In a significant move designed to expand homeownership access, the Federal Home Loan Bank of New York (FHLBNY) announced the adoption of an alternative credit scoring model to boost mortgage credit availability. The wholesale bank will now allow members to pledge mortgage collateral using the VantageScore 4.0

Debt-to-income ratio 420

Debt-to-income ratio Banks Loans Mortgages 420

Housing Wire

JUNE 9, 2023

Before I open myself up to attacks here, I am using macro data from Urban Institute and there are certainly some banks who serve a broader swath of the market. More importantly, when it comes to the Ginnie Mae programs, banks contribute only 7% of all the mortgages by the FHA , VA , and USDA. In the FHA program alone, 46.3%

Banks 368

Banks Debt-to-income ratio Lending Loans 368

Housing Wire

MAY 3, 2023

In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgages 420

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 420

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements.

Lending 450

Lending Mortgages Due diligence Debt-to-income ratio 450

Housing Wire

MARCH 3, 2024

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. In January, ICE’s conforming 30-year fixed mortgage rate lock index showed rates averaging 6.6%.

Loans 504

Loans Debt-to-income ratio Lending Banks 504

Housing Wire

NOVEMBER 12, 2020

Not only does a prime credit score improve your chances of getting approved for a mortgage, but it also helps you secure a lower interest rate, too — and that means a more affordable loan on the whole. If you spot any of these issues, you’ll want to rectify them before applying for your mortgage. Avoid new debt. The main point?

Debt-to-income ratio 496

Debt-to-income ratio Banks Loans Mortgages 496

Keeping Current Matters

DECEMBER 21, 2020

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. Below is a list of things you shouldn’t do after applying for a mortgage. Don’t Deposit Cash into Your Bank Accounts Before Speaking with Your Bank or Lender. Don’t Change Bank Accounts.

Debt-to-income ratio 342

Debt-to-income ratio Mortgages Loan Officer Banks 342

Housing Wire

AUGUST 26, 2024

When interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing portfolio. Mr. Cooper estimates it will hold about $132 billion in mortgages at 6% or higher once the acquisition is finalized. billion in debt.

Mortgages 425

Mortgages Banks Debt-to-income ratio Loans 425

Housing Wire

APRIL 27, 2022

Amid a challenging time for would-be homebuyers, FinLocker released an updated web experience that aims to make it easier for consumers to see their progress in qualifying for a mortgage loan. The upgraded product experience improves the transparency of mortgage eligibility guidelines, the firm said. The web v3.0 The web v3.0

Debt-to-income ratio 365

Debt-to-income ratio Mortgages Loans Banks 365

Housing Wire

MAY 21, 2021

The Community Home Lenders Association can’t speak for other nonbank sectors — but applying CRA to independent mortgage bankers seems like a solution in search of a problem. Therefore, the mortgage questions federal policymakers should be asking are: 1) Why do IMBs have a much better mortgage access to credit record than banks? (2)

Debt-to-income ratio 385

Debt-to-income ratio Banks Lending Loans 385

Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

Pre-qualification 441

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 441

Housing Wire

FEBRUARY 1, 2022

billion note offering through its Connecticut Avenue Securities real estate mortgage investment conduit, or REMIC. . billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3 trillion in single-family mortgage loans, measured at the time of the transaction. billion.

Debt-to-income ratio 370

Debt-to-income ratio Investor Loans Principal 370

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. When Angel Oak Mortgage Solutions launched seven years ago, we had to educate [brokers] on the non-QM space,” said John Jeanmonod, a vice president at the Atlanta-based non-QM lender. So you stop.”. Everyone bowed out.

Debt-to-income ratio 432

Debt-to-income ratio Loans Banks Loan Officer 432

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

Housing Wire

AUGUST 22, 2024

We worked together during my days on the House Banking Committee, working to improve dealing with the federal flood insurance program. Let’s address these concerns: First, Steve’s argument presupposes buyers, especially those at the lower end of the income spectrum, can easily finance agent commissions through their mortgage.

Debt-to-income ratio 327

Debt-to-income ratio Finance Mortgages Banks 327

Marco Santarelli

MARCH 4, 2025

Today's mortgage rates on March 4, 2025, show a slight decrease, particularly in the 30-year fixed mortgage rate, which sits at an average of 6.26%. However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Housing Wire

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Those mortgages were originated at interest rates of 3% or less, and rates now are more than 3 percentage points higher.

Loans 384

Loans Debt-to-income ratio Banks Mortgages 384

Housing Wire

JANUARY 21, 2022

ESG securities such as bonds are backed by collateral, like mortgages, that can be defined as meeting environmentally sustainable, socially responsible, or good governance criteria. Digital mortgage platform MAXEX , backed by investment from financial-services giant JPMorgan , sees a bright future in the ESG market.

Marketing 397

Marketing Debt-to-income ratio Loans Investor 397

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Better Dwelling

JUNE 13, 2025

Canadian households are once again piling on debt faster than their incomes can keep up. Statistics Canada (Stat Can) data shows the household debt-to-income ratio rose in Q1 2025, eroding some of the progress made in previous quarters.

Debt-to-income ratio 90

Debt-to-income ratio Banks Mortgages 90

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. As of March 8, according to Commerce Bank , the prime rate was 7.75%. to 2 points.” billion in 2021 to $9.6

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Marco Santarelli

MARCH 6, 2025

Are you dreaming of owning a home, but those mortgage rates are making you sweat? Everyone's wondering the same thing: Will mortgage rates go down in 2025? This sent 30-year mortgage rates tumbling to a historic low of around 2.65% in early 2021. Fast forward to October 2023, and we saw mortgage rates skyrocket to nearly 7.80%.

Mortgages 97

Mortgages Debt-to-income ratio Banks Principal 97

Marco Santarelli

MARCH 6, 2025

Are you dreaming of owning a home, but those mortgage rates are making you sweat? Everyone's wondering the same thing: Will mortgage rates go down in 2025? This sent 30-year mortgage rates tumbling to a historic low of around 2.65% in early 2021. Fast forward to October 2023, and we saw mortgage rates skyrocket to nearly 7.80%.

Mortgages 97

Mortgages Debt-to-income ratio Banks Principal 97

Realtor.com

NOVEMBER 2, 2020

While freelancing undoubtedly has its perks, helping you get a mortgage is not one of them. Since COVID-19 started tearing through the country in March, we’ve heard reports of freelancers having an even harder time getting approved for mortgages. Getting a mortgage as a freelancer (pre-coronavirus). What’s changed.

Debt-to-income ratio 144

Debt-to-income ratio Pre-approval Mortgages Banks 144

Marco Santarelli

FEBRUARY 26, 2025

Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? As of February 26, 2025, we've seen a welcome dip in mortgage rates. The average 30-year fixed-rate mortgage is currently sitting at 6.35%. Mortgage rates can wiggle around based on where you are and who you're borrowing from.

Mortgages 93

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 93

Better Dwelling

DECEMBER 13, 2022

Canada’s highly indebted households are in a pickle after an epic debt binge. Statistics Canada (Stat Can) data shows the household debt to income ratio (DTI) climbed sharply in Q3 2022. As the ratio climbs even further, they become more vulnerable to […].

Debt-to-income ratio 145

Debt-to-income ratio As-is Banks Mortgages 145

Marco Santarelli

MAY 27, 2025

If you're in the market for a home, you're probably glued to mortgage rates. On May 27, 2025, the states boasting the cheapest 30-year new purchase mortgage rates were New York, California, Washington, North Carolina, Texas, Connecticut, Massachusetts, Michigan, and New Jersey, with rates ranging from 6.94% to 7.10%.

Mortgages 52

Mortgages Debt-to-income ratio Pre-approval Lending 52

Realty Biz

MARCH 12, 2023

A real estate underwriter plays a critical role in the mortgage industry by evaluating loan applications and assessing real estate investment-associated risks. They work for lending institutions, such as banks and mortgage companies. The analysis determines the borrower’s income and expenses.

Debt-to-income ratio 105

Debt-to-income ratio Mortgages FHA loan Loans 105

Norada Real Estate

JUNE 6, 2025

If you're looking for the states with the lowest mortgage rates today , June 6, 2025, then the answer is: New York, California, Massachusetts, South Carolina, Florida, New Jersey, New Hampshire, South Dakota, and Washington. States With Lowest Mortgage Rates Today – June 6, 2025 Why Do Mortgage Rates Vary by State?

Mortgages 52

Mortgages Debt-to-income ratio Loans Banks 52

Marco Santarelli

JUNE 11, 2025

Looking for the best deal on a mortgage? As of today, June 11, 2025, the states with the lowest 30-year new purchase mortgage rates are New York, Colorado, California, Virginia, Connecticut, and New Jersey , closely followed by Florida and Texas. Average Loan Size: The size of the average mortgage loan can also play a role.

Mortgages 52

Mortgages Debt-to-income ratio Principal Loans 52

Marco Santarelli

JUNE 9, 2025

If you're looking for the states with the lowest mortgage rates today, June 9, 2025 , you've come to the right place. States With Lowest Mortgage Rates Today – June 9, 2025 Buying a home is a huge decision, and I know firsthand how stressful it can be. Why Do Mortgage Rates Vary by State?

Mortgages 52

Mortgages Debt-to-income ratio Loans Banks 52

Marco Santarelli

MAY 19, 2025

Looking for the states with the lowest mortgage rates today? On May 19, 2025 , the states boasting the cheapest 30-year new purchase mortgage rates are New York, California, Florida, Colorado, Tennessee, Texas, Georgia, North Carolina, and Washington. State-Level Regulations: Mortgage regulations vary significantly from state to state.

Mortgages 52

Mortgages Debt-to-income ratio Loans Loan Officer 52

RIS Media

MARCH 8, 2022

During the underwriting process, a mortgage lender will evaluate documentation that you submit to see if you meet the institution’s guidelines. Each bank, credit union or online lender has its own criteria related to loan-to-value ratio, debt-to-income ratio and credit score. How Long Underwriting Will Take.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages Loans Banks 98

Rochester Real Estate

NOVEMBER 5, 2015

What Is PITI – Guide To Understanding PITI What is PITI, and how does it affect your mortgage? PITI stands for principal, interest, taxes, and insurance, which are the critical components of your monthly mortgage payment. Lenders also consider this when assessing your ability to repay a mortgage. What is PITI?

Debt-to-income ratio 52

Debt-to-income ratio Mortgages Principal Loans 52