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. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 bps toward closing costs at the time of the closing. “We

Mortgages 411

Mortgages Loans Investor Banks 411

Housing Wire

OCTOBER 17, 2024

Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. In early October, Wells Fargo analysts wrote in a report that they “see a long runway for FICO to continue increasing its prices in mortgage and other verticals.”

Investor 531

Investor Mortgages Closing costs Loans 531

Housing Wire

MARCH 21, 2024

(FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. Julie May, vice president and general manager of B2B Scores at FICO, said that in the mortgage space, the company charges “$3.50 Changes in credit report costs may result in lawsuits against the company.

Mortgages 469

Mortgages Purchase and sale agreement Closing costs Finance 469

Housing Wire

SEPTEMBER 9, 2024

The product is available for qualified borrowers with an existing FHA loan who are looking to lower their monthly mortgage payment, reduce their interest rate, shorten their loan term or get out of an adjustable-rate mortgage (ARM), the company explained. Better does not check income on FHA streamline refi loans. million.

FHA loan 440

FHA loan Loans Closing costs Finance 440

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Pennymac is the latest mortgage lender to freeze rates for borrowers. The product does not require a property address to guarantee a mortgage rate.

Mortgages 392

Mortgages Pre-approval Loans Closing costs 392

Housing Wire

JANUARY 30, 2024

A growing number of nonbank mortgage lenders have recently rolled out down payment assistance (DPA) programs to increase their origination share in a challenging mortgage environment. This allows people to become homebuyers as well as investors, a more common strategy in recent years that is known as “house hacking,” the report stated.

Closing costs 518

Closing costs Mortgages Investor Loans 518

Housing Wire

DECEMBER 14, 2023

The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs. Given the typical borrower is paying more than $7,000 in closing costs, that might be an understatement. The choices are complex and the “mortgage math” can be hard to comprehend.

Title 451

Title Closing costs Loans Title search 451

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 392

Closing Closing costs Investor Title 392

Housing Wire

JULY 22, 2024

Quality control also ensures that mortgage loans meet investor and regulatory standards, which minimize the risk of defaults and foreclosures adversely impacting local markets. EG: As a thought leader in the mortgage industry, we wanted to provide lenders with a new tool to use in their risk mitigation toolbox.

Lending 438

Lending VA loan Banks Investor 438

Bigger Pockets

SEPTEMBER 10, 2023

Some investors may benefit from rolling closing costs into their mortgage payments. We'll break down this strategy and explain if it makes sense for you.

Closing costs 134

Closing costs Closing Mortgages Investor 134

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. This claim is misguided, oversimplifying a more complicated reality.

Finance 440

Finance Agents FHA loan Closing costs 440

Housing Wire

MAY 3, 2022

A Palo Alto, California-based fintech startup Point , which bills itself as allowing homeowners to tap into future home appreciation, closed on a $115 million Series C funding round, the company announced Tuesday. Once closing costs are met, Point funds up to 20% of the home’s property value. We connect homeowners to investors.

Equity 392

Equity Investor Closing costs Finance 392

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. 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.

Mortgages 97

Mortgages Loans Fixed-rate mortgage Closing costs 97

Housing Wire

MAY 20, 2024

Rohit Chopra , the head of the Consumer Financial Protection Bureau , and frequent critic Bob Broeksmit, the president and CEO of the Mortgage Bankers Association , sparring on stage over what constituted a junk fee. Making matters worse, these credit reports are often rife with inaccuracies, discovered by many mortgage lenders and borrowers.”

Mortgages 477

Mortgages Closing costs Loans Staging 477

Housing Wire

NOVEMBER 13, 2020

Consumers are ready — and they’re waiting on mortgage to catch up. While mortgages make up the lion’s share of consumer debt — nearly 72% of it, according to the Fed — they’re among the rarest financial transactions in a consumer’s life. There’s no doubt that mortgage data is among the most valuable in the world.

Banks 502

Banks Loans Technology Mortgages 502

Marco Santarelli

MARCH 4, 2025

Today's mortgage rates on March 4, 2025, show a slight decrease, particularly in the 30-year fixed mortgage rate, which sits at an average of 6.26%. However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Housing Wire

DECEMBER 26, 2022

At many title firms, the slowdown in homebuyer demand, due to rising mortgage rates and higher home prices, meant a decrease in order volumes. On top of slowing purchase order volume, rising mortgage rates also decimated refinance orders. What happened to the market?’”.

Title 502

Title Industrial Closing costs Closing 502

Housing Wire

JUNE 11, 2024

Thus, keeping abreast of regulatory and investor updates and trends is vital to maintaining loan quality and compliance. While this proposed rule doesn’t apply to mortgage lending specifically, it offers a glimpse into the CFPB’s current thought process and, therefore, is something lenders should pay close attention to moving forward.

Loans 438

Loans Lending Mortgages Closing costs 438

Housing Wire

APRIL 3, 2024

mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.” Escue, Billy R.

Loans 477

Loans Loan Officer Mortgages Closing costs 477

Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

Lending 391

Lending Banks Loan Officer Loans 391

Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. Accounting for geography, differences in title and settlement costs across groups of borrowers were not “economically meaningful.”

Title 460

Title Title search Industrial Closing costs 460

Housing Wire

NOVEMBER 30, 2022

Each year, the TECH100 awards recognize the 200 most influential tech companies in mortgage and real estate that are working to improve the housing industry through tech innovation. The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”.

Industrial 370

Industrial Title Lending Technology 370

Marco Santarelli

APRIL 5, 2025

Mortgage rates have indeed taken a dip , partly due to the ongoing trade tensions and tariffs, which is usually welcome news for anyone looking to buy a home or refinance. However, the reality is that even with these lower borrowing costs, the overall cost of buying a house remains stubbornly high, hovering near record levels.

Mortgages 95

Mortgages Principal Construction Investor 95

Housing Wire

JULY 1, 2024

Possessing almost the entire corporate equities market, rather than a small stake as a regular employee or retail investor, is the difference between owning a bank and owning a savings account. But they cap how much an investor-lender can benefit from increasing home value. Today’s income and property distributions echo in that pit.

Equity 532

Equity Banks Finance Investor 532

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

Equity 370

Equity Technology Investor Residential 370

Marco Santarelli

APRIL 4, 2025

On April 4, 2025, mortgage rates have dropped below 6.50%, a shift largely prompted by the recent economic reaction to new tariffs announced earlier in the week. This decrease provides a unique opportunity for potential homebuyers and those looking to refinance their existing mortgages. What Are Today's Mortgage Rates?

Mortgages 72

Mortgages Debt-to-income ratio Purchase and sale agreement Loans 72

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? It’s easy to see why.

Title 348

Title Lending Due diligence Title search 348

Marco Santarelli

DECEMBER 29, 2024

As of December 29, 2024 , the landscape of mortgage rates is crucial for anyone looking to buy or refinance a home. Todays mortgage rates reflect significant adjustments, with the average 30-year fixed mortgage interest rate sitting at 6.99%. Therefore, being informed about the latest mortgage rates is essential.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing costs 52

The Close

NOVEMBER 25, 2024

Purchasing a multifamily property is an excellent way for investors to generate steady income. However, it’s undeniable that the upfront costs can be pricey. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs.

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Investor 105

Marco Santarelli

APRIL 30, 2025

As of April 30, 2025 , mortgage rates have seen a notable decrease, with the average 30-year fixed mortgage rate dropping to 6.59% , down 28 basis points from the previous week. Refinance Rates Fall: The current average refinance rate for 30-year fixed mortgages stands at 6.68%.

VA loan 59

VA loan Mortgages FHA loan Loans 59

Housing Wire

SEPTEMBER 6, 2024

The four firms in question all had joint ventures (JVs) or affiliated business arrangements (ABAs) in which real estate agents, who were also business referral sources, were investors. Then, what about mortgage lenders and brokerages whose owners are agents and the others I just mentioned? Generally, I don’t think the D.C.

Title 451

Title Industrial Agents Closing costs 451

Housing Wire

NOVEMBER 21, 2022

The COVID-19 pandemic brought interest rates to record lows and spurred a $4 trillion purchase and refinance mortgage boom in 2021. trillion in mortgage origination volume in 2022. Throughout this volatility, one constant has remained: the chronic and seemingly intractable deficit in single-family, 1–4-unit, entry-level homes for sale.

Finance 392

Finance Design Equity Construction 392

The Close

NOVEMBER 25, 2024

Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. For investors, this is a chance to snag a property at a price lower than its market value. This is when a mortgage lender can take back the property to recover the money owed on a defaulted mortgage.

Hard money loan 96

Hard money loan Investor Loans Finance 96

AAOA

APRIL 14, 2025

Its a common question for real estate investors eager to expand their portfolios. Understanding how these elements influence your upfront costs is crucial for smart investment planning. Whether youre a first-time investor or looking to scale up, this guide will help you navigate the financial hurdles of multifamily real estate.

FHA loan 64

FHA loan Finance Loans Closing costs 64

HomeLight

JULY 11, 2024

If you’re not an investor but need to bridge the gap between buying and selling your home, we’ll share some alternatives that might suit your needs. Additional costs include origination fees, closing costs, and points. How does a hard money loan work?

Hard money loan 115

Hard money loan Investor Home sale contingency Loans 115

Marco Santarelli

MARCH 6, 2025

Thinking about buying a home or refinancing your current mortgage? Well, today's mortgage rates, as of March 6, 2025, show an increase. Specifically, the average 30-year fixed mortgage rate is currently at 6.28% , and the 15-year fixed rate is 5.57%. Decoding Mortgage Jargon: What Does It All Mean? So, let's dive in.

Mortgages 64

Mortgages Debt-to-income ratio Loans Principal 64