Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. SmartSale is designed as an alternative for sellers who are navigating financial challenges or simply seeking greater control, Auction.com explained.

Proof of funds

Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones.

Design

Housing Wire

FEBRUARY 10, 2025

Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles. Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products. billion in non-QM loans through a proprietary product suite.

Loans

Housing Wire

FEBRUARY 6, 2025

Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. This loan type offers up to $2 million in financing. Bank Statement loans are designed for self-employed borrowers.

Loans

Housing Wire

JULY 3, 2025

Cornerstone Capital Bank and Tresidio Homes on Thursday announced the launch of Table Rock Mortgage , a joint venture mortgage brokerage. “Since our founding in 2009, we’ve built our reputation on personalization, thoughtful home design, and superior customer experience,” said Jonathan Hastings, CEO of Tresidio Homes.

Banks

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.

Investor

Housing Wire

APRIL 22, 2025

But theres excellent news non-QM loans are designed to do precisely that, giving borrowers the freedom to use alternative income verification methods like bank statements, asset depletion, and more. With this loan type, borrowers wont need to rely on extensive documentation to acquire financing.

Lending

Housing Wire

MAY 14, 2025

Brokers, also known as managing brokers, designated brokers or brokers-in-charge, are typically owners or supervisors of real estate brokerages. As many cant afford to pay for a home in full, they need to work with a bank to finance a propertythats where a mortgage loan originator (MLO) comes in. Interested in learning more?

Property Management

Housing Wire

JANUARY 17, 2025

Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. It also has a proprietary origination system designed to speed up the funding process. A&Ds goal is to be an industry leader, and this transaction is a big step forward. It originated $2.37

Mortgages

Housing Wire

DECEMBER 9, 2024

These will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem. Because of that, more people in the industry have a better understanding of seniors unique challenges, which could necessitate more products designed for them.

Mortgages

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. ” .

Mortgages

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. Finance of America (FOA) has made the growth of its HomeSafe proprietary product suite a centerpiece of its growth goals for this year.

Mortgages

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. Residential mortgages can be borrowed against through FHLB financing, another reason insurance companies view them as an attractive asset.

Banks

Housing Wire

FEBRUARY 27, 2025

Its designed to resemble A-paper loan processes to help brokers familiarize themselves. Lastly, Acra Lending also uses automated bank statement processing technology that automatically calculates borrower income. It eliminates the manual component of evaluation and reduces turnaround times.

Lending

Housing Wire

MAY 21, 2025

Have at least six months of savings in the bank Selling real estate takes time. Have at least six months’ worth of living and business expenses in the bank before you quit your other job and go all-in on your new real estate career. Pro Tip Open a separate bank account just for taxes. So plan ahead.

Agents

BAM Media

OCTOBER 22, 2024

It also integrates with the Real Design Center , using MLS data to generate branded content (including “Just Sold” posts and listing announcements) delivered at the right time. Pritesh Damani Chief Technology Officer of Real Real agents also have access to banking services through Real Wallet: Real agents based in the U.S. and Canada.

Brokerage

Housing Wire

MAY 19, 2025

HW: Are your best practices something you designed from the ground up? Banks previously targeted these borrowers as valuable portfolio assets and often considered them for future banking opportunities. Or did you have a foundation that you brought in from your previous experience?

Lending

The Close

NOVEMBER 25, 2024

Simply put, it’s a residential building with more than one unit designed to house multiple families. When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes.

Purchase and sale agreement

Marco Santarelli

DECEMBER 29, 2024

When the Fed lowers its benchmark rates, it becomes cheaper for banks to borrow money. However, banks set their loan rates based on other factors, including risk and market conditions. Federal Reserve Influence: The Federal Reserve does not set mortgage rates directly, but its monetary policy affects overall interest rates.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. Should I Go With A Mortgage Broker Or A Bank? In contrast, a mortgage broker is a middleman.

Finance

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. However, a positive consideration is ensuring the additional debt taken on does not outweigh the benefits derived from the equity financing. Not exactly. How much does a mortgage refinance cost?

Mortgages

The Close

NOVEMBER 12, 2024

This article breaks down seven steps to help you learn how to buy land—covering everything from the pros and cons to financing and closing the sale. Carrying costs: Land has costs without revenue, like property taxes and debt service if financed. Let’s get into it! There are many zoning categories, depending on your area.

Land

Marco Santarelli

JANUARY 1, 2025

Understanding how today's rates translate into real costs is vital for anyone looking to secure financing. Tips for Effective Rate Shopping Compare Multiple Lenders : Look beyond just major banks; consider credit unions and online lenders, which often provide competitive rates. What Are the Cost Implications?

Mortgages

BAM Media

JULY 30, 2025

BAM Key Details: Following Tuesday’s markup meeting, the Senate Banking Committee advanced the bipartisan ROAD to Housing Act of 2025, the first housing package in over a decade to earn support from both parties. The bill includes proposals from every committee member and incorporates elements from Up for Growth Action’s legislative agenda.

Banks

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. Check out public auctions and foreclosures Another effective way to learn how to find cheap houses is by exploring public auctions and bank-owned foreclosures. For instance, the U.S.

Debt-to-income ratio

The Close

MAY 5, 2025

The best real estate bank should do more than just process transactions it should support your investment strategy with smart tools, transparent lending options, and banking features that make your day-to-day operations easier. Thats why I put together this guide of the best banks for real estate investors in 2025.

Banks

Marco Santarelli

DECEMBER 26, 2024

The cost of borrowing can significantly impact your finances, and staying informed helps you make better decisions. At a recent Federal Reserve meeting, Fed Chair Jerome Powell indicated that the central bank plans to cut the federal funds rate only twice in 2025 rather than the four cuts previously anticipated.

Mortgages

Marco Santarelli

DECEMBER 27, 2024

A basis point is essentially one-hundredth of a percentage point, making this increase a substantial leap for borrowers looking for stable financing options. Central bank policy is instrumental in shaping broader economic conditions, affecting everything from inflation to employment rates.

Mortgages

Redfin

DECEMBER 2, 2024

The job market in Tampa and Jacksonville Tampa: A hub for finance, healthcare, and tech Tampa’s job market is fueled by its growing finance, healthcare, and tech industries. Jacksonville’s expansive port and transportation networks also make it a key hub for trade, complementing its growing finance and tech sectors. Johns River.

Banks

The Mortgage Report

JULY 24, 2025

Personal finance expert Aimee Frey , on the other hand, interprets these findings a bit more critically. Offered through thousands of state, county, and local government initiatives nationwide, these programs offer grants, forgivable loans, or low-interest financing to reduce the cash needed to purchase a home.

FHA 203k rehab loan

Redfin

JULY 30, 2025

A jumbo loan, or jumbo mortgage, is designed for homebuyers purchasing high-priced properties – whether that’s a luxury home in Charlotte or a condo in a city like San Francisco where home prices exceed standard loan limits. A jumbo loan is a mortgage loan that exceeds the limits set by the Federal Housing Finance Agency (FHFA).

Loans

Redfin

JULY 30, 2025

But here’s the good news: First-time homebuyers have access to loan options designed to make becoming a homeowner easier with more affordable rates and flexible requirements, like lower down payments and credit scores. You’ll have flexibility to choose between fixed and variable-rate financing with different repayment periods.

Loans

AAOA

MARCH 24, 2025

Research potential locations and secure financing options. They may face functional issues, have outdated designs, or require maintenance and renovations. Be prepared to provide documentation like bank statements and federal tax returns to verify your income sources. The Seller It will also help to see who the seller is.

Property Management

The Close

MARCH 12, 2025

The accounting software streamlines bookkeeping and maintains accuracy by calculating expenses and automating monthly bank reconciliations. Bank account setup fees: Attaching your bank account to the Buildium accounting system allows transactions to be collected in your accounting ledger for automatic reconciliation, payments, and deposits.

Property Management

BAM Media

MARCH 29, 2025

Among the most notable is the termination of Special Purpose Credit Programs (SPCPs), which were designed to help underserved borrowers access home financing. This week, FHFA Director Bill Pulte took to X to announce another round of changes, discontinuing several programs at Fannie Mae and Freddie Mac.

Loans

Marco Santarelli

APRIL 29, 2025

These are often teaser rates designed to grab your attention. But in September, the central bank announced a first rate cut of 0.50 However, earlier in the month, rates surged 44 basis points in a week, shooting the average up to 7.14%, which was its most expensive level since May 2024 ( Investopedia ). Be careful!

Mortgages

AAOA

JANUARY 29, 2025

For some, this may mean working out more often or starting a new hobby, but for otherslandlords and property managersit means organizing finances and preparing for the upcoming tax season. Tedious processes like tracking, organizing, and managing your finances are automated, freeing up your time to manage other aspects of your business.

Property Management