Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. In terms of pricing, the product is similar to a traditional closed-end second mortgage.

Loans

Seattle Times Real Estate

MAY 30, 2025

The trend is good news for home shoppers — if they can afford to buy at current mortgage rates and prices, which are still rising nationally, albeit more slowly. Sellers began outnumbering buyers in November 2023, when the average rate on a 30-year mortgage climbed to a 23-year high of nearly 8%, according to mortgage buyer Freddie Mac.

Mortgages

BAM Media

DECEMBER 19, 2024

With home prices expected to rise, mortgage rates still in flux, and buyers and sellers split on key market dynamics, next year is shaping up to be anything but predictable. Forty-two percent of them say mortgage rates could delay their plans, while 41% worried they might not qualify for a mortgage, regardless of the rates.

Marketing

Marco Santarelli

JUNE 11, 2025

As of June 11, 2025, mortgage rates have shown a slight decrease, with the national average for a 30-year fixed mortgage rate at 6.95% , down from 6.96% last week. Today’s Mortgage Rates – June 11, 2025: A Steady Drop in Rates Across the Board Key Takeaways: The 30-year fixed mortgage rate is down to 6.95%.

Mortgages

Seattle Times Real Estate

JUNE 25, 2025

Washington lawmakers created the Covenant Homeownership Program in 2023, offering zero-interest loans to cover down payments and closing costs for certain first-time homebuyers of color who meet income and other requirements. To pay for the home itself, buyers must qualify for a primary mortgage under typical lending standards.

Technology

Rochester Real Estate

NOVEMBER 5, 2015

This process involves transferring the property to a buyer with available funds, eliminating the need for mortgage financing. Unlike traditional real estate transactions, cash sales typically involve a quicker closing timeline, as there is no need to wait for mortgage approval. It can make a difference in landing a house or not.

As-is

Rochester Real Estate

NOVEMBER 5, 2015

Many of these first time home buyer programs and grants can help cover a large amount of the “closings costs” and/or allow them to finance a higher percentage of the loan (or all of the loan in some cases). Rochester first time home buyers, there are many first time home buyer options and mortgages available to YOU!

Closing costs

HomeLight

JULY 17, 2025

Average size: 1,500–2,500 square feet (combined) Average bedrooms/bathrooms: 2–3 bedrooms and 1–2 bathrooms per unit A good fit for: Multigenerational families, investors, first-time buyers priced out of the single-family market, or anyone who wants help covering the mortgage through rental income.

Construction

The Close

APRIL 3, 2025

of purchase price and 100% of rehab cost Another excellent choice for your next house flip loan is New Silver, which offers loans between $100,000 and $5 million that can be closed in as little as five days. It uses technology and AI to streamline the underwriting process and speed up your funding. 11.25% Covers up to 92.5%

Loans

The Close

JULY 1, 2025

A home is the largest purchase most people will ever make, and many buyers rely on mortgage financing. Note that specific requirements can vary depending on the specific type of mortgage loan being used, as well as the lender offering the financing. That’s where FHA loans can save the day for everyone. This limit will generally be 31%.

FHA loan

Seattle Times Real Estate

JUNE 9, 2025

Lower incomes affect potential homebuyers’ ability to secure a mortgage, the study noted. To access the loans, buyers must complete all the steps of qualifying for a mortgage “just like anybody else does,” LaFlamme said. We have to prove that they’re going to be able to repay the loan, just like every other mortgage.”

Loans

Inman

JULY 11, 2025

Title insurers wanted to put the brakes on a pilot program that uses automated title reviews to allow some homeowners to refinance their mortgage without having to pay for title insurance.

Title

Housing Wire

AUGUST 1, 2024

The Community Home Lenders of America (CHLA) on Thursday issued a comment letter to the Consumer Financial Protection Bureau (CFPB), saying that a major reason for the increase in mortgage closing costs from third parties is due to a lack of competition among third-party providers.

Closing costs

Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

Closing costs

Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. “They can add up to several percentage points of the total mortgage amount. At least when it comes to redundancies with refinancings, that is.

Mortgages

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Staying nimble in a fast-paced market with the right mortgage technology.

Seller concession

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgages

Housing Wire

SEPTEMBER 16, 2020

A well-qualified buyer these days can find a mortgage at historically low interest rates. But that’s not good enough for United Wholesale Mortgage CEO Mat Ishbia. So if the numbers work for them and they want the lowest rate , they can do that and the mortgage brokers can figure out what works for them and get that deal for them.

Mortgages

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. They will also be offered closing cost credits of up to 0.5% billion in 2023, per data from Inside Mortgage Finance.

Closing costs

Housing Wire

OCTOBER 22, 2024

Mortgage technology company Uplist has launched what it says is a killer new tool that will help loan officers automatically generate refinance options for their clients. The tool also does modeling of potential savings for homeowners by analyzing various interest rates , closing costs and repayment options. ”

Loan Officer

Housing Wire

FEBRUARY 5, 2021

Fresh off its acquisition of Stearns , Guaranteed Rate has picked up Owning Corporation , a direct-to-consumer mortgage lender. Like virtually all residential mortgage lenders, Chicago-based Guaranteed Rate had its best-ever year in 2020, originating about $73 billion in mortgages. Presented by: Black Knight.

Loan Officer

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

Banks

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

Housing Wire

NOVEMBER 9, 2023

Fannie Mae and Freddie Mac jointly announced this week that they have entered a new critical edit phase for their Uniform Closing Dataset (UCD) as of Nov. An implementation guide released in May 2022 shows that phase three deals with information related to loan costs; other costs; total closing costs; and lender credits.

Loans

Housing Wire

MARCH 9, 2023

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. residential real estate mortgages, would not confirm nor deny the rumors. “We Fannie Mae, which currently backs almost $4.1 trillion in U.S.

Title

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

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. Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all.

Lending

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

Housing Wire

AUGUST 14, 2023

Fannie Mae is no longer considering a pilot program that would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie, according to an announcement earlier this month. During the first quarter of 2023, title insurers brought in $3.37

Title

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What’s the difference between a home inspection and an appraisal?

Inspection

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

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. He was most recently CEO of Hayden Consulting , which advises mortgage banks, commercial banks, thrifts, REITs, and private equity firms.

Loan Officer

Housing Wire

OCTOBER 19, 2021

trillion in mortgage originations, according to the Mortgage Bankers Association (MBA), as interest rates plunged, and COVID-19 accelerated an ongoing exodus from cities to the suburbs. Last year saw a record-breaking $3.83 HousingWire: How has the shift from a refi to a purchase market changed the dynamics for lenders?

Technology

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. The past year hasn’t been particularly good for tech or housing. The company was No.

Equity

Housing Wire

DECEMBER 12, 2024

Editor in Chief Sarah Wheeler sat down with Jeff Bell, president of both UpWell Mortgage and software company Uplist , to talk about how he thinks about technology, and the good news that the industry is turning a corner after two rough years. Sarah Wheeler: How does being an originator inform how you think about technology?

Loan Officer

Housing Wire

NOVEMBER 8, 2022

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform.

Closing costs

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