Housing Wire

JUNE 18, 2025

In 2025, Rithm closed three securitizations of non-QM loans — a product that has gained popularity amid a challenging mortgage market. Non-QM loans are for borrowers who do not have traditional income sources, such as self-employed individuals, freelancers and gig workers. billion in unpaid principal balance.

Closing

Housing Wire

JULY 1, 2025

Name Job Title Company Name Abigail Williams Chief Legal Officer Lima One Capital Alexandra Lumpkin Chief Legal Officer The Real Brokerage Ali Haralson President Auction.com Alison Adams Grey Chief of Staff LPT Realty Amy Adams National Real Estate Expert The CE Shop Amy Butler Executive Vice President, National Sales Northpointe Bank Amy Creason Co-founder (..)

Title

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. With several top 10 reverse mortgage lenders now active in some form within the U.S. In the case of FOA — the current industry leader — the earnings results were robust.

Investor

Housing Wire

JULY 2, 2025

In response, originators are weighing the potential hurdles for offering crypto-backed loans. The FHFA ‘s directive provides few details on how Fannie and Freddie will integrate crypto into risk models, underwrite loans or price collateral. Phil Crescenzo, the Southeast division vice president for Nation One Mortgage Corp.

Mortgages

Housing Wire

NOVEMBER 15, 2024

A shift in Rocket Mortgage’s MSR strategy Through the third quarter, Rocket has already acquired or committed to over $70 billion in unpaid principal balance for its servicing portfolio —a 15% increase over year-end 2023. All the while, companies like Mr. Cooper and Lakeview Loan Servicing have expanded their portfolios.

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

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

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. ” Fees from fulfilling correspondent loans for PMT totaled $5.3

Principal

Housing Wire

APRIL 1, 2025

It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million. This is roughly in line with other proprietary product offerings in the space from companies such as Finance of America (FOA), Longbridge Financial , University Bank , Smartfi Home Loans and Nationwide Equities.

Mortgages

The Close

NOVEMBER 7, 2024

You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest. Cash on hand lets you move quickly without worrying about loan or mortgage interest charges. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan

The Close

NOVEMBER 25, 2024

This means picking the proper legal structure, like an LLC, registering your business, and setting up separate bank accounts. Open a Business Bank Account Once you have your EIN, set up a business bank account to separate your personal and business finances. It’s common for flippers to aim for an ROI of 20%.

House Flipping

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

The Mortgage Report

JUNE 17, 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? Find the best first-time home buyer loan for you.

FHA 203k rehab loan

Rochester Real Estate

NOVEMBER 5, 2015

PITI stands for principal, interest, taxes, and insurance, which are the critical components of your monthly mortgage payment. PITI, an acronym for principal, interest, taxes, and insurance, represents the major components of your monthly mortgage payment. Let’s delve into what PITI entails and how it impacts your mortgage.

Debt-to-income ratio

Marco Santarelli

JULY 8, 2025

For example, a smaller, regional bank might be more aggressive with its rates to gain market share in its local area compared to a national giant. Average Loan Size: This is a big one. States with higher home prices often have larger average loan sizes. A lower rate can save you thousands of dollars over the life of your loan.

Mortgages

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. They could be based on a perfect borrower profile (ultra-high credit score, very small loan). 30 years, 15 years).

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. Over time, mortgage payments are structured such that in the early years, a larger portion goes toward interest, gradually shifting more toward paying off the principal.

Mortgages

Redfin

JUNE 13, 2025

Step 3: Research second-time homebuyer programs and loans Step 4: Work with an experienced agent Step 5: Make a strong offer as a second-time homebuyer Step 6: Plan your transition Second-time homebuyer FAQs Is it harder to buy a house the second time? If your finances have improved, you might even qualify for a larger loan or better terms.

Debt-to-income ratio

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

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

Marco Santarelli

MARCH 18, 2025

If you're considering a refinance, it's crucial to weigh the potential benefits, such as a lower interest rate or shorter loan term, against any associated costs. The Federal Reserve (also known as the Fed) is the central bank of the United States. The main difference is the loan term: 30 years versus 15 years.

Mortgages

Marco Santarelli

MARCH 20, 2025

Be prepared for higher monthly payments compared to a 30-year loan. VA Loans – A Benefit for Veterans: Backed by the Department of Veterans Affairs, VA loans offer significant advantages to eligible veterans, active-duty service members, and surviving spouses. Refinance Rates: What's on Offer Today?

Mortgages

Redfin

JULY 24, 2025

Reduces the mortgage principal, leading to lower monthly payments and total interest over time. Acts as a risk mitigant for lenders by lowering the loan-to-value (LTV) ratio. A lower LTV can also qualify borrowers for more favorable loan terms and potentially eliminate the requirement for private mortgage insurance (PMI).

Principal

Marco Santarelli

MARCH 27, 2025

VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%. FHA Loans: May provide lower rates than conventional loans, but typically involve mortgage insurance payments for the duration of the loan. The 30-year FHA refinance rate is 6.18%.

Mortgages

Marco Santarelli

MARCH 6, 2025

The central bank even started to hint at potential rate cuts. At a 7% mortgage rate , your estimated monthly payment (principal and interest) would be around $5,322. Over the life of a 30-year loan, that difference really adds up. Many buyers today are also banking on the idea of refinancing down the road.

Mortgages

Marco Santarelli

MARCH 17, 2025

Here's a snapshot of the average mortgage rates you can expect today: Loan Type Interest Rate 30-Year Fixed 6.59% 20-Year Fixed 6.45% 15-Year Fixed 5.93% 5/1 ARM 6.85% 7/1 ARM 7.13% 30-Year VA 6.15% 15-Year VA 5.59% 5/1 VA 6.15% Source: Zillow It's worth noting that these are national averages.

Mortgages

Redfin

JULY 30, 2025

Most homebuyers will need to think ahead about the following costs when estimating how much money is needed to purchase a home: Down payment: The down payment is a percentage of the home’s purchase price, anywhere from 0% to 20% depending on your loan. Several loan options, such as FHA or VA loans, only require a down payment of 3.5%

Pre-approval

Marco Santarelli

APRIL 1, 2025

For someone borrowing a significant amount of money, even a slight decrease can translate into real savings over the life of the loan. The interest rate you get at the beginning of your loan stays the same for the entire term, whether it's 15, 20, or 30 years. A fixed-rate mortgage is pretty straightforward.

Fixed-rate mortgage

Marco Santarelli

FEBRUARY 26, 2025

It's not just the 30-year fixed that's moving let's take a closer look at what different types of loans are doing. And look at those VA loan rates if you're eligible for a VA loan, those are some seriously attractive numbers, especially the 15-year VA at just 5.30%. Thats a pretty significant difference! Finally, shop around!

Mortgages

Norada Real Estate

AUGUST 1, 2025

Average Loan Size: The typical loan amount requested in a state can also play a role. Larger loan sizes might sometimes come with slightly different rates. Even small differences can add up to big savings over the life of your loan. Remember those sweet rates of 5.89% we experienced back in September 2024?

Mortgages

Marco Santarelli

JUNE 17, 2025

When securing a 30-year fixed mortgage, this rate means you would pay 6.93% interest over the life of the loan. For a shorter-term option, the 15-year fixed mortgage rate remains stable at 6.01% , appealing for buyers looking to pay off their loans faster. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Marco Santarelli

JUNE 28, 2025

If you're considering taking out a mortgage or refinancing your current home loan, knowing these updated rates will help you make informed financial decisions. This amount includes principal, interest, property tax, and homeowners insurance, typical of fixed monthly payments.

Mortgages

AAOA

MAY 22, 2025

But heres the truth, you absolutely can buy an apartment , and you dont need millions in the bank to make it happen. Understand what size loan you can qualify for. These include legal fees, appraisals, inspections, loan origination charges, title insurance, and escrow services. Talk to lenders.

Due diligence

Marco Santarelli

APRIL 12, 2025

Fixed-Rate Mortgages Pros: Consistency: Monthly payments remain stable throughout the life of the loan, which allows for easier budgeting. Inflation continues to be a concern, hovering above the central bank's target of 2%. Consider factors such as customer service reputation and the specific loan products they offer.

Mortgages

Marco Santarelli

JUNE 16, 2025

Average Loan Size: The average loan amount also matters. In pricier states (like California), where loan sizes are bigger, lenders might adjust rates to reflect perceived risk or different market dynamics. All of these factors play a role in figuring how lenders can offer loans. It's like buying down your rate.

Mortgages

Marco Santarelli

APRIL 27, 2025

Now, imagine you have the resources to just walk in, pick your spot, and pay for it right there and then, without needing a loan. Why Cash is King, Yesterday, Today, and Tomorrow Before we get specifically into 2025, let's chat about the timeless superpowers that come with buying property using your own money, no bank involved.

Finance

Redfin

JULY 31, 2025

A primary residence (also known as a principal residence) is the home you live in for a majority of the time. Taxes: Homeowners may qualify for certain tax benefits, like deductions on mortgage interest and property taxes, only on their principal residence. The distinction impacts your taxes, loan eligibility, and insurance costs.

Principal