Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. The annual investment volume in the U.S.

Equity 372

Equity Finance Purchase and sale agreement Investor 372

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion in sold loans through its direct-to-consumer channel and $9.6

Loans 299

Loans Mortgages Loan Officer Principal 299

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 407

Marketing FHA loan Loans Mortgages 407

Housing Wire

FEBRUARY 22, 2022

Lenders who want to thread the needle between the different interests of borrowers, investors and regulators need smart, efficient mortgage software solutions to meet their servicing goals. To increase servicing efficiency, choose mortgage servicing software that: Automates servicing operations Automation is essential for efficient servicing.

Commercial 312

Commercial Investor Loans Mortgages 312

Housing Wire

FEBRUARY 8, 2022

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. The option is limited to purchase transactions, secured by a one-unit principal residence with a loan-to-value ratio of no more than 90%.

Loans 362

Loans Principal Mortgages Industrial 362

Real Trends

MARCH 18, 2022

RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. Sponsorship of events can also be deemed illegal if the event is used for marketing or publicizing a real estate or mortgage company’s services. The loans that are exempt from RESPA. Loan for vacant land.

Agents 67

Agents VA loan Land Construction 67

Housing Wire

MARCH 20, 2023

Historic housing shortage The unprecedented rate hikes over the past 12 months have exacerbated a historic housing shortage while destabilizing the residential mortgage market. In 2021, mortgage originations hit a record high of $4.4 Today, three of four mortgage loans are issued by independent mortgage companies.

Banks 358

Banks Mortgages Fixed-rate mortgage Loans 358

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans.

VA loan 363

VA loan Principal Loans Residential 363

HomeLight

JULY 31, 2020

Either they can’t get approved for a mortgage , they don’t have enough money for a down payment , or their credit score is too low. Applicants must also prove they do not have adequate housing, and that they can afford the mortgage payments, plus taxes, and insurance. Grants and direct loans. Section 502 direct loan.

Debt-to-income ratio 106

Debt-to-income ratio Loans Principal Equity 106

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Sign up now.

VA loan 85

VA loan Principal Development Title 85

HomeLight

DECEMBER 30, 2021

We’ll also hear from Richie Helali of HomeLight Home Loans for an inside scoop on the loan-related documents for buying a house. Loan Estimate. A Loan Estimate is a document provided by your lender that includes the terms of your mortgage loan and an estimate of your closing costs. Mortgage insurance amount.

Purchase and sale agreement 81

Purchase and sale agreement Title Closing costs Seller disclosure 81

RIS Media

SEPTEMBER 21, 2021

Aviles caters to Spanish and English-speaking clients and specializes in assisting first-time home buyers, new construction projects and land purchases. She began her real estate career 16 years ago, focusing on new construction sales. Thirteen months later he would open his own mortgage branch of Southwest Funding. Wendy Lahn.

Loan Officer 74

Loan Officer New Construction Brokerage Principal 74

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. View Pro-Series webinars.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

JULY 27, 2023

Mortgage rates are expected to remain elevated until inflation moves to a level more consistent with the Fed’s mandate. High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. Year-over-year, sales dipped 18.90% from 5.13

Construction 349

Construction Mortgages Sales Banks 349

Toronto Realty Blog

OCTOBER 5, 2020

But the long and short of it is: there was a massive lawsuit in the building over deficiencies that had to be fixed, and because the building needed to make the repairs long before the lawsuit could be settled, the condominium corporation took out a huge loan – with a balloon payment. 4) There is interest on the loan.

Loans 89

Loans Construction Agents As-is 89

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 405

Equity Loan Officer Loans Mortgages 405

Realty Biz

AUGUST 19, 2022

Prospective real estate brokers’ training courses include: Real Estate Law Real Estate Investments Construction and Development Real Estate Principles Law Of Contracts Real Estate Practice Property Management And Business Law. The principal broker overlooks the brokerage and ensures the sales agents have valid licenses.

Pre-approval 75

Pre-approval Brokerage Agents Principal 75

HomeLight

JANUARY 29, 2021

But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. If you’re considering taking out a home renovation loan to spruce up a powder room or gut the kitchen, we’ve got you covered. An overview of home renovation loan options. Construction loan.

Renovation 97

Renovation Loans Equity Construction 97

Housing Wire

JANUARY 19, 2022

Desktop appraisals will become an option for some agency-backed loans submitted after March 19. To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%.

Inspection 417

Inspection Principal Loans Renovation 417

Point2Homes

JUNE 23, 2021

If you need more money in retirement than your income currently provides, you might consider a reverse mortgage loan. In fact, if you have equity in your home but need money for retirement, a reverse mortgage can be one way to access these funds. What Are Reverse Mortgages? The loan is then repaid when the home is sold.

Mortgages 106

Mortgages Equity Principal Loans 106

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. Should you get a home equity loan to pay for a much-needed vacation or your postponed dream wedding? The amount of your unpaid principal. What’s your home worth?

Equity 105

Equity Principal Loans Renovation 105

Keeping Current Matters

AUGUST 18, 2021

An article from the Wall Street Journal shows this is true for new home construction: “ Home builders have sold more homes than they can build. Though home prices have risen dramatically over the last 18 months, mortgage rates remain near historic lows. However, demand isn’t the real issue. The article quotes David Auld, CEO of D.R.

Equity 256

Equity Principal Sales Construction 256

RIS Media

MAY 24, 2021

(TNS)—When you come across a favorable mortgage offer, you may think, “Great! ” You may be able to, but the costs associated with buying a home go beyond the mortgage payment. The down payment is the part of the home’s purchase price you pay upfront, rather than financing it through a mortgage. Closing Costs.

Closing costs 98

Closing costs FHA loan Principal Loans 98

HomeLight

OCTOBER 24, 2022

Remodeling Magazine estimates project costs using Clear Estimates remodeling software , creating detailed construction estimates for each project, and adjusting the cost for each market to account for pricing variations. You could finance your remodel using a credit card, a home equity loan or line of credit, or a personal loan.

Renovation 120

Renovation Loans Equity Design 120

Housing Wire

SEPTEMBER 14, 2023

That record provides pool-level aggregate information about the extent of loans and unpaid principal balance (UPB) dollars that are in low- and moderate-income areas, with a chart illustrating the percentage of loans, percentage of UPB of ESG-flagged pools and/or loans and totals of the total portfolio over the last 12 months.

Investor 325

Investor Principal Loans New Construction 325

Realty Biz

OCTOBER 24, 2020

HUD officially defines a first time buyer as: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. An individual who has only owned a principal residence that is not permanently affixed to a permanent foundation in accordance with applicable regulations.

Pre-approval 106

Pre-approval Principal Loans Closing costs 106

HomeLight

JANUARY 13, 2023

Watson adds that when you take that step, you also gain “pride of ownership and have an investment — you’re not just paying rent and paying someone else’s mortgage.”. Mortgage documents. The first set of documents you’ll need to file your taxes relate to your mortgage. Mortgage credit certificate.

Mortgages 93

Mortgages Closing Loans As-is 93

Realtor.com

JANUARY 30, 2023

In areas where it’s better to buy, mortgage payments are often lower than market rents if buyers can cobble together the needed down payment and closing costs. But the bottom line is you either pay your mortgage or you pay someone else’s.” So the Realtor.com® As of December of last year, the typical renter living in the 50 largest U.S.

Mortgages 109

Mortgages Principal Industrial New Construction 109

Toronto Realty Blog

JANUARY 6, 2022

I mean, have you seen the “CAT Construction” trucks? She had two major roadblocks ahead of her in the quest to buy a home: her lack of desire to take on a “large” mortgage, and her psychological barrier to a particular purchase price. Today, most of us, especially myself, see a mortgage as a payment plan.

Fixed-rate mortgage 99

Fixed-rate mortgage Banks Mortgages As-is 99

HomeLight

MAY 24, 2022

By waiting, you risk increasing interest rates that limit the number of qualified buyers as well as the size mortgage that lenders will approve. With interest rates still relatively low, 44% of top agents predict that buyers will lock in their mortgage rates early in the year , according to HomeLight’s 2022 Housing Market Preview.

Pre-approval 97

Pre-approval Equity Agents Closing costs 97

Housing Wire

JANUARY 4, 2024

If passed, House Bill 809 and its companion Senate Bill 1070 would bar insurance carriers from placing a coverage limit on a home that would include the value of the land the house sits on, and it would require insurance companies to offer policies that cover only the unpaid principal on a mortgage.

Principal 521

Principal Mortgages Loans Land 521

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). 4 Loan Questions Worth Asking.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Marco Santarelli

AUGUST 18, 2022

Data presented by the NH Housing report and echoed by the NH Association of Realtors indicates that the lack of sufficient inventory, both existing homes listed for sale and new units under construction, continues to sustain record high housing prices, which have been augmented by rising financing and construction costs.

Marketing 52

Marketing Fixed-rate mortgage Sales Days on market 52

Norada Real Estate

FEBRUARY 21, 2022

Imagine this – After you make the down payment and pay all closing costs, the renter pays off your mortgage. A good rental property is fully refurbished or a new construction residential property. With the population, jobs, economy and industries, and mortgage availability moving upwards, the growing markets are always booming.

Purchase and sale agreement 110

Purchase and sale agreement Investor Due diligence As-is 110

Marco Santarelli

AUGUST 3, 2020

There is a lot of construction activity going on especially in the entry-level single-family homes to satisfy the principals of supply and demand. Many variables could potentially impact the value of a home in San Antonio in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments.

Marketing 124

Marketing Investor Sales Construction 124

Marco Santarelli

JULY 30, 2020

2018’s FRM interest rate increase decreased the principal amount homebuyers can borrow while making the same sustainable mortgage payment. Mortgage applications to purchase a home are increasing with the easing of restrictions. Construction Isn’t Meeting Housing Demand in LA. and also lower than the national value of 1.2.

Marketing 139

Marketing Investor Sales As-is 139

Realtor.com

DECEMBER 27, 2022

But they’re facing a for-sale market with still-high housing prices and surging mortgage interest rates, pricing many out of homeownership , at least for now. But what if you could have that large house without having to come up with a big down payment and get approved for a mortgage? Rates averaged around 6.3%

Fixed-rate mortgage 92

Fixed-rate mortgage Branding Development Principal 92