Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. The programs are key to the GSEs’ equitable housing finance plans.

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Closing costs Finance Lending Development 363

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. E-mortgage volume spikes. History of ‘e’. Treasury recommends standardization.

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Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. “But agent commissions have never been a closing cost from a buyer perspective. points from the 7.5%

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VA loan Agents Seller concession FHA loan 443

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. Yet help might be on the way.

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Title Finance Loans Lending 407

Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Banks Loans Development Mortgages 314

Housing Wire

APRIL 23, 2024

billion in closed loan volume and reached 2.5 At the same time, “human beings are not perfect creatures,” and AI is tracking human interactions as well. “The systems are designed with that dual feedback,” Krishna added. In 2023, the Detroit-headquartered lender generated $78.7 million in loans serviced.

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Loans Finance Mortgages Lending 337

Housing Wire

JULY 26, 2023

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

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Investor Closing costs Loans Mortgages 370

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan.

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Mortgages Equity Loans Closing 381

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. That offering, Unlock HEA Trust 2023-1, is slated to close this week. Nearly half of those offerings, in terms of count and value, have played out this year, however.

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Equity Purchase and sale agreement Marketing Lending 385

Housing Wire

DECEMBER 30, 2022

In those years I originated, underwrote, processed and closed. I went to college initially as an architecture major before switching to finance. I always enjoyed beautiful and simple designs. The design of a room or building must be based the function of the space. Those five years were my Ph.D. in mortgage banking.

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Lending Design Mortgages Technology 365

Realty Biz

SEPTEMBER 30, 2023

Let's delve deeper into these topics to guide you towards an affordable home financing solution. They have a wide range of loan programs available and work closely with applicants to find the best mortgage solution based on their specific financial circumstances. Can you buy a house with bad credit? These loans are backed by the U.S.

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Finance Debt-to-income ratio FHA loan Mortgages 98

Housing Wire

JUNE 13, 2022

While real estate professionals are perfectly positioned to introduce homebuyer assistance as a concept, home financing is not their schtick. And, importantly, financing borrowers with homebuyer assistance is good for business. By simply putting homebuyer assistance on the table, lenders could potentially close 30%+ more units.

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Finance Loans Closing Closing costs 351

Housing Wire

MARCH 11, 2024

Peak 65 serves as an historic demographic milestone of the new paradigm shift that is changing every aspect of the housing market , finance, retirement planning process and the fragile supply/demand balance of housing inventory for real estate at large. We are living in a watershed moment in history.

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Staging Finance As-is Closing 365

Realty Biz

AUGUST 8, 2021

What about Moderne Ventures sewing up a new $200 million fund to invest in real estate finance, insurance, and home services? . The firm has had three IPOs and many financing moves so far this year. . The post Moderne Ventures Closes a Second Fund of $200M appeared first on RealtyBizNews: Real Estate News.

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Closing Finance Property Management Staging 94

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

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Industrial Banks Loans Design 349

Housing Wire

SEPTEMBER 27, 2023

Government-sponsored enterprise (GSE) Fannie Mae announced on Wednesday that it will launch new programs and resources designed to tackle the homeownership gap experienced by the Latino community , designed to “to provide responsible access to housing and long-term sustainable homeownership opportunities.”

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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. The entire system has to be designed to inflate the price over time. Remember, the system is designed to keep home prices inflated.

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Loans Banks Equity Closing costs 543

Housing Wire

OCTOBER 16, 2023

I close by reviewing what lies ahead – the policies we’re shaping, and the progress we hope to make,” Broeksmit said. . “Normally, I talk about the remarkable work you did over the previous year. Then I look at what we did on your behalf – the battles we fought and the victories we achieved. But not this year.

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Fixed-rate mortgage Banks Lending Mortgages 375

Housing Wire

JANUARY 26, 2022

Schwartz in a statement said that this expansion “is proof that there’s tremendous appetite for what we’ve built – a digital experience, designed from the ground up to meet the needs of homebuyers today.”. Ribbit Capital led the financing, which also included participation from partners of DST Global , NFX and Zigg Capital.

Mortgages 317

Mortgages VA loan Pre-approval Lending 317

Housing Wire

OCTOBER 18, 2021

Mortgage servicers, lenders, state housing finance agencies and the U.S. Department of the Treasury are working to strike a balance between offering targeted relief to borrowers through the Homeowners Assistance Fund and putting those plans into place. The post Forbearance heading one direction: down appeared first on HousingWire.

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Loans Investor Finance Mortgages 385

Housing Wire

JULY 19, 2022

Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S.

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Mortgages Loans Lending Investor 408

Realty Biz

SEPTEMBER 20, 2021

This round is inclusive of $75 million in Series C equity financing and $75 million in additional working capital. . The post Ribbon Closes $150M Series C Round to Fuel Expansion appeared first on RealtyBizNews: Real Estate News. Via Ribbon’s Facebook. The company boasts of $1.5

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Closing Loan Officer Investor Finance 84

Housing Wire

DECEMBER 18, 2020

Here’s what you need to know about financing that purchase. A conventional loan is a smart way to finance an income-earning property. Since FHA loans are designed for primary residences only, you’ll need to live in the home for at least a year before renting it out. Are you thinking of buying a house to rent out on Airbnb?

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FHA loan Hard money loan Loans Finance 457

Realty Biz

FEBRUARY 19, 2024

Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Technically, you also do not have a buildable lot without an approved design.

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Land Due diligence Title search Finance 127

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. JF: We’ve carefully designed our processes, so our incentives are always aligned with yours.

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Backup offer Loan Officer Home sale contingency Branding 366

Toronto Realty Blog

JUNE 3, 2022

I had a tough week for closings. Really tough… First, I visited a property the day before closing with clients, only to find the house was still full of junk. Oh – and on the day of closing, they happened to be walking their dog by the house, and guess what? Still packing… Tough, tough week for closings!

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Closing Purchase and sale agreement Sales As-is 81

Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. Accreditations and designations Highlight your professional credentials and any special designations you’ve earned. So let your personality shine.

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Agents Construction Design Branding 377

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. This is specifically designed to benefit consumers during the high rate environment, the agency said. “In

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Closing Mortgages Equity Loans 514

Housing Wire

JANUARY 8, 2021

This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings.

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Development Industrial Technology Principal 448

Housing Wire

MARCH 21, 2024

SH: I think technology and design are there to help solve the problem and the best technology and the best design are the ones you don’t actually realize are there. We found that agents are spending close to 80% of their time just doing administrative work. Then you get offers, negotiate and close the offer.

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Technology Brokerage Agents As-is 419

Housing Wire

DECEMBER 26, 2023

And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. In-person or livestream via Zoom on designated dates / times. Choose from Virtual Classroom or Live Class on designated dates / times, at various locations across NC Required 75 hrs of NC coursework.

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HR Staging Design Agents 369

Housing Wire

DECEMBER 13, 2021

Ninety percent of consumers start their home search online and many get prequalified for financing before they even reach out to a real estate agent. When you are able to add the number of closings we do to our agents’ book of business, they understand the importance of delivering the results we require.”.

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Technology Brokerage Agents Closing 414

Housing Wire

JULY 28, 2022

The new rule guidance is designed to expand the supply of affordable housing by making it easier to develop, repair or operate affordable housing. We can’t close the racial-wealth gap and [expand] homeownership without access. billion for affordable-housing development and preservation. Louis , that gap is 29.3

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Development Finance Loans Construction 348

Housing Wire

DECEMBER 20, 2021

Detroit-based platform Rocket Companies , the parent of Rocket Mortgage , announced on Monday it is acquiring the personal finance app Truebill for $1.275 billion in cash. The acquisition, expected to close prior to the end of the year, is a step toward a centralized platform for clients to manage their financial lives, the company said.

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Mortgages Finance Technology Design 320

The Close

MARCH 18, 2022

Real estate designations separate you from the competition, demonstrate your expertise, and give you access to professional networks for referrals and support. But, with so many designations to choose from, it’s hard to tell which ones are worth your time, effort, and money. About Real Estate Designations.

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Design Commercial Property Management Residential 98

Housing Wire

OCTOBER 2, 2022

On the list are rivals such as loanDepot , Mountain West Financial , AmeriSave, Point Mortgage Corporation , Stearns Wholesale (owned by Guaranteed Rate ) and Finance of America’s forward wholesale business. . It’s not designed for competitors to like me,” he said. I’m not trying to survive, I’m trying to thrive.”.

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Mortgages Loans Title Brokerage 355

Housing Wire

JUNE 30, 2022

As one of the few lenders to hold a Community Development Financial Institution (CDFI) designation, Champions Funding promotes growth in some of the nation’s most distressed communities. Moreover, Champions Funding is debunking the myth that non-QM loans are laborious and slow by providing personalized support and speedy closings.

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Lending Mortgages Loans Design 326