Housing Wire

AUGUST 5, 2022

Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Record levels of home equity. This too is changing as innovation in the home equity lending space has finally arrived. Customer experience.

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Housing Wire

MAY 23, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. HousingWire: Between inflation and additional interest rate hikes coming down the line from the Fed, why is now a smart time for lenders to start prioritizing home equity products?

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The Mortgage Report

JUNE 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? The average borrower now sits on $302,000 in equity.

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Equity FHA 203k rehab loan VA loan FHA loan 98

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. But not every manufactured home owner owns the land. Rocket will announce its third quarter earnings results on Thursday, November 3.

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Housing Wire

JUNE 8, 2022

We do hope the GSEs start exercising market leadership [on special purpose credit programs],” a FHFA official said on a press call today. In its plan, Freddie Mac said it would purchase loans made with special purpose credit programs by lenders.

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Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

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Closing costs Development Equity Mortgages 471

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

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Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Every call I get, if they are first-time homebuyers, they ask, ‘Where can I get money for a down payment or closing costs?’”

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FHA loan Loans Closing costs Loan Officer 455

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. Rates are rising.

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Lending Marketing Pre-qualification Pre-approval 370

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

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Marketing Title Technology Closing costs 386

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

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Housing Wire

JANUARY 25, 2023

. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams, an investment that will help build a foundation for generations to come,” Kasey Marty, executive vice president of secondary marketing at Guaranteed Rate, said in a statement.

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Housing Wire

AUGUST 6, 2021

Interest rates were at an all-time low last year, which is why the housing market saw such a spike. Refinancing means taking out a new mortgage loan and replacing it with your current one. With a lower interest rate, homeowners pay less in interest and can even shorten the length of their loan. Mortgage rates vary.

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Title search Title Closing costs Loans 436

Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. In fact, they could actually cost you more (often significantly more) if used incorrectly. Will we have a buyer’s housing market in 2021? USDA loans. How much house can you afford to buy?

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Mortgages VA loan Loans Loan Officer 436

Housing Wire

JANUARY 10, 2023

In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. ” It aimed to reduce a homebuyers’ monthly mortgage payments by a percentage point for the first year of their loan.

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Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. in the first year of their loan, Rocket said. A day after Rocket’s announcement, UWM said it too would raise limits on conforming loans to $715,000.

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Mortgages Seller concession Fixed-rate mortgage Loans 400

Housing Wire

AUGUST 19, 2024

Unspent funds allocated to the program can be put to use by assisting the state’s older residents with reverse mortgage financing at a relatively low interest rate when compared to either Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) or proprietary product options.

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Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

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Housing Wire

JULY 2, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% This is according to data compiled by Reverse Market Insight (RMI). to its endorsement tally to finish at 534 loans, after lagging behind Mutual of Omaha Mortgage in recent months. to 594 loans for the month. Finance of America (FOA) added 4.1%

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Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today?

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Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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HomeLight

APRIL 10, 2025

Timing the sale and purchase just right especially in a competitive market like Phoenix often adds extra pressure. A bridge loan could be the solution youre looking for. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

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Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. AARP applauds HUD’s update to its Home Equity Conversion Mortgage for Purchase Program which keeps vital consumer protections in place,” Jones said.

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HomeLight

APRIL 9, 2025

A bridge loan might be the solution youre looking for. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Buy Before You Sell What is a bridge loan, in simple words? What are the benefits of a bridge loan in Las Vegas? Why Move Twice?

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Housing Wire

AUGUST 10, 2023

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Mortgage , and/or Closing Cost Credit. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream.

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Housing Wire

FEBRUARY 10, 2022

The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. trillion in single-family loans in 2021, about two-thirds of which were refinances. It reported $2.7 Overall, Freddie Mac purchased $1.22

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Housing Wire

NOVEMBER 30, 2023

DPAs can take various forms, such as grants, loans or second mortgages, and they are typically tailored to meet the specific needs of the target demographic. Loans: Second mortgages that are paid monthly along with your primary mortgage. With an FHA loan , borrowers can put down as little as 3.5% Many states in the U.S.

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FHA loan Loans Equity Mortgages 425

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

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Keeping Current Matters

OCTOBER 21, 2020

During the housing crash twelve years ago, many homeowners owned a house that was worth less than the mortgage they had on that home (called negative equity or being underwater ). Today, the vast majority of homeowners have significant equity in their homes. Most homeowners have substantial equity in their homes.

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Housing Wire

FEBRUARY 12, 2024

Furthermore, the average consumer is likely unaware of the variety of loan options available to them through the wholesale channel. Rates are something we can’t control, so instead of trying to time the market, focus them on what you can control — finding the best option for your borrower that meets their expectations today.

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Mortgages Loans Closing costs Industrial 463

HomeLight

APRIL 18, 2025

You might be curious if theres a way to access your homes equity for a down payment before it sells or if your only option is to move out and crash somewhere temporary while you house hunt. A bridge loan could be the piece that helps everything come together. Buy Before You Sell What is a bridge loan, in simple words?

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Equity Loans Debt-to-income ratio Home sale contingency 52

HomeLight

APRIL 10, 2025

A bridge loan can help you buy a new home before selling your current one. In this post, well break down how bridge loans work in Charleston and share other creative solutions to help you buy before you sell. Buy Before You Sell What is a bridge loan, in simple words? How does a bridge loan work in Charleston?

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Equity Loans Debt-to-income ratio Home sale contingency 52

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. It was too darn hot: the housing market slows down. What happened to the market?’”.

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Housing Wire

JULY 19, 2021

Using Xome’s Xpert Seller Program, servicers can help borrowers determine the best marketing strategy list and sell their homes. At the same time, loan advances continue to increase, putting additional financial pressure on servicers. This is where offerings like Xome’s Xpert Seller program come into play.

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MLS Equity Closing costs Sales 425

Housing Wire

SEPTEMBER 21, 2022

The following five accounts showcase how lenders and loan officers can use TikTok to brand themselves as well as entertain and educate home buyers. . Scott Betley is a loan officer for NFM Lending with more than 10 years of experience helping first-time home buyers and move-up buyers. Scott Betley ( @thatmortgageguy ). followers, 11.7

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Loan Officer Loans Branding Mortgages 370

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

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The Mortgage Report

JULY 8, 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? What Are the Different Types of Home Equity Loans and Which Is Best?

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