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 390

FHA loan Loans Title Mortgages 390

Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Through this offering, consumers may also be eligible to receive a rebate* at closing.

Closing costs 404

Closing costs Short sale Technology New Construction 404

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 370

Title Closing costs Finance Land 370

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. And, in particular, closing fees.

Mortgages 370

Mortgages Technology Closing costs Title 370

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. primary home purchases. .

Seller concession 404

Seller concession Mortgages Fixed-rate mortgage Loans 404

Housing Wire

MAY 23, 2022

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. These digital solutions, especially those offered by ServiceLink, work just as well in the home equity title/close process.

Equity 382

Equity Title Technology Loans 382

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. One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. trillion in U.S.

Title 393

Title Closing costs Finance Land 393

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 370

Closing costs Title Lending Loans 370

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

MAY 12, 2022

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. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. This is not an Amazon order.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

Housing Wire

FEBRUARY 23, 2023

Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process. When the application is complete, the loan originators give borrowers a customized needs list and a secure document upload link. “As

Pre-approval 377

Pre-approval Loans Closing costs Mortgages 377

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

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The resources help families with 80% or less of the area median income for down payments or closing costs, for example. In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

NOVEMBER 30, 2022

The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”. Last summer, Voxtur bought mortgage servicing rights trading platform Blue Water Financial Technologies.

Industrial 370

Industrial Title Lending Technology 370

Housing Wire

OCTOBER 13, 2022

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference. An AOL is not going to cover the period of a 30-year loan,” Cain said. “As

Title 391

Title Closing costs Title search Closing 391

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

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 381

Lending Banks Loan Officer Loans 381

Housing Wire

SEPTEMBER 16, 2020

Let’s start with the recent 30-year fixed rate cash-out refinance, which was introduced last week on conventional loans, with rates between 2.5% So that means that if they’re doing a cash-out and they have a 70 loan-to-value, Fannie Mae will charge them three quarters of a point. Okay, so that was from 2.5 only pays 1.5

Mortgages 457

Mortgages Marketing Title Loans 457

Housing Wire

NOVEMBER 13, 2020

Later, you may have taken out a personal or small business loan. Making a loan is all about understanding who a person is and what risk they represent. Consider, too, that the pandemic has given consumers a big push when it comes to expanding their technology comfort zones. Mortgage data is aged data.

Banks 483

Banks Loans Technology Mortgages 483

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 370

Closing costs Closing Loans Title 370

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

Closing 85

Closing Inspection Title Due diligence 85

Housing Wire

MAY 17, 2023

And if you can have a credit card with benefits, cash back and, even more, the option to offset closing costs, that’s valuable. Walters : If we’re not at or near a bottom, we’re getting close. So if we’re not at the bottom, we got to be pretty close. A credit card is always relevant.

Marketing 370

Marketing Banks Mortgages Industrial 370

Realtor.com

MARCH 12, 2021

Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Real Trends

NOVEMBER 11, 2022

“With housing affordability at an all-time low and interest rates on the climb, it’s important that homeowners have alternative options to access their home equity without selling or taking on additional debt,” said Michael Gifford, CEO of Splitero , a financial technology company that helps homeowners access home equity. . USDA loans.

Finance 106

Finance VA loan FHA loan Agents 106

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. 6, informing lenders that they must address quality issues for “fatal data points” before delivering loans to either of the government-sponsored enterprises.

Loans 404

Loans Closing costs Mortgages Closing 404

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. What is a mortgage? How does a mortgage work? What is PMI, and when is it required?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

HomeLight

JANUARY 30, 2024

Get Estimate Budgeting for your move to New Mexico Below is a collection of handy online tools to help estimate your moving costs and living expenses in New Mexico — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 105

Home sale contingency Closing costs Technology Sales 105

Marco Santarelli

APRIL 28, 2023

The Federal Housing Finance Agency (FHFA) recently announced changes to the loan-level price adjustments (LLPAs) for borrowers with conventional mortgages backed by Fannie Mae or Freddie Mac. A portion of these fees are “upfront” fees that are based on the risk characteristics of the borrowers and the loans they are obtaining.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

HomeLight

JANUARY 22, 2024

Get Estimate Budgeting for your move to Maryland Below is a collection of handy online tools to help estimate your moving costs and living expenses in Maryland — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 103

Home sale contingency Closing costs Technology Equity 103

HomeLight

JANUARY 22, 2024

Get Estimate Budgeting for your move to Wyoming Below is a collection of handy online tools you can use to help estimate your moving costs and living expenses in Wyoming — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 102

Home sale contingency Closing costs Technology As-is 102

Real Trends

MARCH 9, 2022

While title insurance may be less understood by homebuyers, who may see it as just another fee involved in the closing process, it’s important for them to understand the many benefits title insurance provides and the dangers that can be incurred without it. This insurance is a one-time fee paid upfront during the closing process.

Title 107

Title Title search Land Closing 107

HomeLight

JANUARY 30, 2024

Get Estimate Budgeting for your move to Vermont Below is a collection of handy online tools to help estimate your moving costs and living expenses in Vermont — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 98

Home sale contingency Closing costs Technology Sales 98

HomeLight

JANUARY 22, 2024

Get Estimate Budgeting for your move to Oregon Below is a collection of handy online tools to help estimate your moving costs and living expenses in Oregon — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 87

Home sale contingency Closing costs Technology Sales 87

HomeLight

APRIL 14, 2023

Receive your offer within a week and close in as little as 10 days. With a signed sales agreement, the closing process will begin. Some house-buying companies will initially provide a large deposit or funds to assist the seller with moving costs. Close the sale and get paid quickly. Individual investor fees may vary.

Purchase and sale agreement 89

Purchase and sale agreement Closing costs Closing Sales 89

HomeLight

AUGUST 12, 2022

Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Houston typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. If you accept the offer, you’ll both sign a contract and begin the closing process. Request Offer. stars out of 5 , and has 4.6

Closing costs 88

Closing costs Purchase and sale agreement Closing Staging 88

HomeLight

JANUARY 25, 2023

Receive your offer within a week and close in as little as 10 days. With a signed sales agreement, the closing process will begin. Some house-buying companies will initially provide a large deposit or funds to assist the seller with moving costs. Close the sale and get paid quickly. Available to sellers in Pembroke Pines.

Purchase and sale agreement 83

Purchase and sale agreement Closing costs Closing Agents 83

HomeLight

JANUARY 30, 2024

Get Estimate Budgeting for your move to Maine Below is a collection of handy online tools to help estimate your moving costs and living expenses in Maine — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 92

Home sale contingency Closing costs Technology Sales 92