Housing Wire

MAY 28, 2025

In 2010, Parks became the trustee for a living trust designed to pay the victims expenses stemming from the accident, from which the victims account contained the $1.66 Bolstered by the loan proceeds, Parks continued to make transfers from the account for his own use, the DOJ said.

Mortgages

Housing Wire

APRIL 22, 2025

For these borrowers, non-qualified mortgage (non-QM) loans offer a premium alternative to conventional options. These loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership altogether.

Lending

Housing Wire

MAY 19, 2025

Gregory Tsang is the Chief Executive Officer and co-founder of eRESI , a Non-QM correspondent whole loan investor offering both Delegated and Non-Delegated options. HW: Are your best practices something you designed from the ground up? There is a misconception that the process of underwriting and funding a non-QM loan is convoluted.

Lending

Housing Wire

JUNE 24, 2025

Williston Financial Group (WFG) announced the release of a new digital tool through subsidiary Volly that aims to enhance collaboration between mortgage loan officers and real estate agents. The tool is designed to automate aspects of co-marketing efforts, including compliance and brand consistency.

Loan Officer

Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. ” Cardinal Financial’s non-QM suite will kick off with four loan products. . billion in non-QM loans through a proprietary product suite.

Loans

Housing Wire

JUNE 12, 2025

has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. 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. million at 70% LTV.

Finance

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. ” Table Rock Mortgage will broker a diverse range of loan products, including conventional and government-backed loans. ” . ”

Banks

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. Non-QMs are attractive because they have strong credit quality, low loan-to-value ratios, and stable origination volumes.

Banks

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. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

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. Banker and broker yield spread premiums are offered too. ”

Mortgages

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

MAY 15, 2025

MORE’s model offers a short-term bridge loan typically around three years in length that’s designed to give buyers time to refinance or secure permanent financing. Theyve got $500,000 in the bank, they make $200,000 a year, they got their stuff together. ’ Every single one of them says, Absolutely.

Finance

Housing Wire

FEBRUARY 27, 2025

To save time, Acra employs an eligibility review system for non-QM loans. The system functions similarly to Fannie Maes Desktop Underwriting (DU) and Freddie Macs Loan Prospector (LP) because it has automated review capabilities. With this process, brokers can validate appraisals before the loans submission.

Lending

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. billion in loans during this period, up 37.5% It originated $2.37 year over year. Texas-based Mr.

Mortgages

Housing Wire

MAY 19, 2025

Independent Mortgage Banks (IMBs) dominate the origination sector, accounting for over 80% of all new mortgages. These loans are frequently sold to entities like Fannie Mae and managed by large companies. Now, overlay borrower behaviorsome loans are delinquent, some are prepaid, some have curtailments, etc.

Mortgages

Housing Wire

JUNE 10, 2025

2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers. Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity

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

NOVEMBER 25, 2024

One such solution includes the Edge Platform —designed to survey loan portfolios and identify recapture opportunities based on current mortgage rates. Chris Kennedy: Recapture is refinancing the customer into a new loan. When a loan is recaptured, it’s refinanced into a new loan.

Loans

The Close

NOVEMBER 25, 2024

Simply put, it’s a residential building with more than one unit designed to house multiple families. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. What Is Multifamily Property?

Purchase and sale agreement

Marco Santarelli

JANUARY 1, 2025

As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. This rate is a significant factor that affects how much homebuyers will pay each month and the total cost of the loan over the long term. 15-Year Fixed Mortgage Rate : 6.36%, providing another option for those looking to pay off their loans faster.

Mortgages

Housing Wire

JUNE 12, 2025

The firm plans to work with independent mortgage banks , credit unions , servicers and brokers across the country by offering “strategic legal solutions across compliance, litigation, and risk mitigation,” according to a press release.

Mortgages

Marco Santarelli

DECEMBER 29, 2024

Mortgage News This Week In the week ending December 22, 2024, there has been a notable increase in mortgage rates, pushing 30-year fixed-rate loans to an average of 6.91%. How to Get the Best Mortgage Rate Navigating the mortgage process requires understanding the different types of loans and knowing how to secure the best rates available.

Mortgages

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. Key takeaways Jumbo loans are mortgages for homes priced above FHFA loan limits.

Loans

Marco Santarelli

DECEMBER 22, 2024

Understanding Refinance Rates Refinancing your mortgage means that you take out a new loan to pay off your existing mortgage, often with the intention to secure a more favorable interest rate, reduce your monthly payments, tap into home equity, or adjust your loan term. 15-Year Fixed Refinance 5.94 -0.10 5-Year ARM Refinance 5.94 -0.04

Mortgages

Redfin

JULY 30, 2025

Which loan is right for you? Conventional loans: You have a credit score of 620+, stable income, and can put at least 3% down. FHA loans: You have a credit score of 580+ (or 500+ with 10% down) and a higher DTI ratio. VA loans: You’re an eligible veteran, active-duty service member, or surviving spouse.

Loans

Marco Santarelli

MARCH 4, 2025

There are so many different types of loans, lenders, and economic factors that play a role. This reflects the perceived risk involved in refinancing an existing loan versus originating a new one. It offers a stable, predictable monthly payment over the life of the loan. Why Did Rates Drop (Even Slightly)? ARMs can be risky.

Mortgages

The Mortgage Report

JULY 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Down payment assistance can be a great option.

FHA 203k rehab loan

The Close

NOVEMBER 12, 2024

Zoning & Potential Zoning Issues Every piece of land has a zoning designation specifying how to use the property. Property Survey & Plat Maps Plat maps show all the land parcels with lot lines, measurements, zoning designations, topographic and geographic features, and what they are adjacent to.

Land

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

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

APRIL 29, 2025

And the mortgage rate you get can literally save you (or cost you) tens of thousands of dollars over the life of the loan. Average Loan Size: The size of the average mortgage can also affect rates. These are often teaser rates designed to grab your attention. They might be for a smaller-than-typical loan. Be careful!

Mortgages

Marco Santarelli

DECEMBER 26, 2024

There are mainly two types of mortgage rates: Type Description Fixed-Rate Mortgages A fixed-rate mortgage maintains the same interest rate for the entire loan duration. Work with Norada in 2025, Your Trusted Source for Turnkey Investment Properties Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

Mortgages

Redfin

AUGUST 5, 2025

If you dream of building a large home, a jumbo construction loan may be in your future. Jumbo construction loans are designed to finance constructing a new home up to a certain threshold. What is a jumbo construction loan? Construction-to-permanent loan: The construction loan converts to a mortgage after construction.

Construction

The Close

JULY 1, 2025

However, some will struggle with getting approved for a loan, which is something that could result in the transaction falling through for you as a real estate agent. That’s where FHA loans can save the day for everyone. This makes it possible for buyers who might not qualify for traditional loans to still secure financing.

FHA loan

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms.

Debt-to-income ratio

Marco Santarelli

MAY 9, 2025

Year Loan Amount Interest Rate Monthly Payment Monthly Income Payment-to-Income Ratio 1974 $24,000 9.19% $196.39 $925 21.2% That sounds incredibly difficult, especially when you're also trying to pay rent, bills, and maybe even student loans. Student Loan Debt: This is a huge one for my generation and younger.

Debt-to-income ratio

Redfin

JULY 31, 2025

This often leads prospective homebuyers to consider a “down payment loan.” ” But is it really a good option to get a loan for a down payment? While securing a down payment loan isn’t impossible, it’s generally not the most straightforward route, and many mortgage lenders view it with caution.

Loans