Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% points from the 7.5%

VA loan 448

VA loan Agents Seller concession FHA loan 448

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4%

Mortgages 337

Mortgages Loan Officer Marketing Seller concession 337

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. Consumers who are introduced to the HECM for Purchase loan option are often skeptical at best, with many thinking it’s too good to be true.

Finance 441

Finance Seller concession Loan Officer Loans 441

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. Certner cited fair lending concerns and the potential of undue borrower influence. They’re using it to help shape the process going forward.

Mortgages 349

Mortgages Closing costs Equity Construction 349

HomeLight

JULY 5, 2023

It’s no secret that the mortgage industry isn’t super transparent about closing costs. According to a February 2017 report from ClosingCorp, more than half of homebuyers surveyed were surprised by their closing costs. Think credit reports, application fees, loan origination fees, and broker fees.

Closing costs 91

Closing costs Closing Mortgages Loans 91

RIS Media

MAY 19, 2021

The loan process is a whole different process that can seem like a foreign language. Most buyers just want to know what fees and costs are associated with their new home purchase or refinance. Non-Recurring Costs Associated With the Lender. May vary widely between lenders and are not dependent on the cost of the loan.

Closing costs 116

Closing costs Closing VA loan Pre-approval 116

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

FHA loan 294

FHA loan Loans Title Mortgages 294

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.

Loan Officer 392

Loan Officer Mortgages Loans Closing costs 392

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. This is why it’s more important than ever for independent mortgage brokers across the country to establish themselves as an expert and trusted advisor in the mortgage industry.

Mortgages 431

Mortgages Loans Closing costs Industrial 431

Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. Meanwhile, Rocket is as committed as ever to becoming a fintech company and reducing its customer acquisition cost by adding more consumer-focused products, such as the app Rocket Money.

Marketing 336

Marketing Banks Mortgages Industrial 336

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.

Lending 329

Lending Marketing Pre-qualification Pre-approval 329

Housing Wire

NOVEMBER 3, 2023

homegenius Real Estate understands the need to deliver differentiated value in a very congested market. The homegenius Home Price Index combines market information, valuation data and advanced machine learning techniques to analyze home price data and identify trends for regions, towns and neighborhoods.

Closing costs 365

Closing costs Short sale Technology New Construction 365

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.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans.

VA loan 407

VA loan Loans Mortgages Closing costs 407

Housing Wire

FEBRUARY 14, 2024

BBYS products enable homeowners to tap their current home equity to purchase the new home, meaning they can make larger down payments and reduce the cost of their loans. This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees.

Backup offer 388

Backup offer Loan Officer Home sale contingency Branding 388

Housing Wire

MARCH 9, 2023

The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico.

Title 393

Title Closing costs Finance Land 393

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Typical seller closing costs.

Closing costs 75

Closing costs Closing Seller concession Purchase and sale agreement 75

Marco Santarelli

MAY 11, 2024

housing market has been on a rollercoaster ride in recent years. Let's dissect the data from ATTOM, a leading real estate data provider, to gain a clearer picture of the current market's health. Let's dissect the data from ATTOM, a leading real estate data provider, to gain a clearer picture of the current market's health.

Mortgages 108

Mortgages Marketing Equity Pre-approval 108

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. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officer 390

Loan Officer Equity Finance Loans 390

Housing Wire

SEPTEMBER 16, 2020

In an interview this week with HousingWire, the 40-year-old Ishbia dished on how the third quarter is shaping up , capacity limits in the mortgage industry, the likely impact of the upcoming adverse market fee , and the company’s latest low-rate mortgage product, a 30-year fixed cash-out refi at rates as low as 2.5%. only pays 1.5

Mortgages 457

Mortgages Marketing Title Loans 457

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. After looking at listings online, a prospective homebuyer typically reaches out to a real estate agent who then gives them a list of recommended lenders and LOs.

Agents 389

Agents Loan Officer Lending MLS 389

Housing Wire

FEBRUARY 8, 2022

Each year, HousingWire’s Rising Stars award spotlights 50 industry-changing young professionals in housing who have made their mark in the housing economy before their 40th birthdays. Take a look at some of our 2021 Rising Star recipients below and click here to see the full list. nominate them today !

Closing costs 304

Closing costs Finance Development Industrial 304

Housing Wire

DECEMBER 30, 2022

The FHFA and the GSEs are essential to painting the picture of today’s housing market and industry trends. The first is the overall business transformation that’s taking place in the mortgage industry. These are top of mind for my team, our clients and the industry. Because I am. There’s almost a New Deal spirit at work.

Lending 350

Lending Industrial Mortgages Loans 350

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. billion, largely due to improvement in tech that helped pick up market share from competitors, Max Slyusarchuk, CEO of A&D Mortgage, said in an interview with HousingWire.

Mortgages 392

Mortgages Investor Loans Banks 392

Housing Wire

APRIL 11, 2022

According to the announcement, lenders “must ensure the loan is covered by either a title policy issued by an acceptable insurer (including any required endorsements) or a title opinion letter issued by an attorney.”. Fannie Mae did not return a request for comment.

Title 404

Title Closing costs Loans Closing 404

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Last year, the mortgage firm also had two loan originators produce over $1 billion in mortgages: Ben Cohen and Shant Banosian. According to the NMLS, Owning has 62 loan officers and was formed in 2018.

Loan Officer 414

Loan Officer Loans Closing costs Title 414

Housing Wire

MARCH 1, 2021

But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. The wait seems tedious.

Closing 247

Closing Marketing Title Title search 247

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. While other forms of insurance have seen rate increases in recent years, the average cost of title insurance coverage has decreased 7.8% nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021.

Title 464

Title Title search Closing costs Closing 464

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. The closing data company also utilized CoreLogic’s home price data to release its first national refinance closing cost report in 2021, so there’s quite a bit of familiarity between the two firms.

Closing 372

Closing Closing costs Investor Title 372

Housing Wire

APRIL 18, 2023

But it still appears that the emphasis is on the big systems — with the focus on Point-of-Sale (POS) and Loan Origination System (LOS) technology especially. And yet, there are numerous smaller things in the established mortgage production process that add up to a huge opportunity to speed the transaction and reduce costs.

Mortgages 365

Mortgages Technology Closing costs Title 365

Housing Wire

MAY 9, 2022

Owning’s platform processed more than $20 billion in total loan volume in 2020. It specializes in low-rate mortgage refinances, in which it originates a loan with no closing costs, including appraisal, credit report, escrow and title. Guaranteed Rate is ranked No. 7 among the biggest lenders in the U.S.,

Lending 387

Lending Closing costs Mortgages Title 387

Housing Wire

DECEMBER 31, 2021

This week’s HW+ member spotlight features Sarah DeCiantis, chief marketing officer at United Wholesale Mortgage. As a 2019 Vanguard and Women of Influence , DeCiantis is the catalyst behind United Wholesale Mortgage’s strategic approach to marketing, which has helped the company become the No. 1 wholesale lender.

Industrial 368

Industrial Closing costs Mortgages Closing 368

Housing Wire

NOVEMBER 3, 2022

At a time when “housing affordability is at a 30-year low and weakening consumer sentiment is leading to a rapidly deteriorating home purchase market,” Jay Farner, CEO of Rocket Companies, said further consolidation is expected in the industry. Farner and other executives on the call didn’t speak much to the quarterly decline.

Principal 382

Principal Mortgages Closing costs Title 382

Housing Wire

OCTOBER 13, 2022

One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. Based on those plans, both GSEs are pushing pilot programs promoting the use of attorney opinion letters, reportedly as an alternative to reduce closing costs.”. But AOL proponents have a different take.

Title 327

Title Closing costs Title search Closing 327

The Residential Specialist

OCTOBER 24, 2022

As the real estate market shifts, expert agents share what the industry will look like heading into 2023. 2022 marked the beginning of the end for what was an unprecedented seller’s market. Rather, many see a return to what it was prior to 2020—a normal, healthy market. By Caroline Heller.

Marketing 111

Marketing FHA loan Loans Closing costs 111

Housing Wire

JUNE 8, 2022

We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. We do hope the GSEs start exercising market leadership [on special purpose credit programs],” a FHFA official said on a press call today.

Equity 342

Equity Finance Loans Development 342

Housing Wire

JUNE 13, 2022

Buying a home is stressful in any market. From Multiple Listing Services (MLS) to consumer-facing giants like Zillow , Realtor.com and Redfin , the real estate industry is raising awareness about homebuyer assistance programs through agent education and self-service tools that help consumers find programs they qualify for.

Finance 363

Finance Loans Closing Closing costs 363