Housing Wire

JANUARY 25, 2021

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. Analyzing over 8.5

Debt-to-income ratio 529

Debt-to-income ratio Mortgages Loans Finance 529

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday.

Debt-to-income ratio 459

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 459

Housing Wire

MARCH 25, 2021

What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans. Here’s what to expect in the mortgage application process. 3 underrated mortgage products to consider. Your Debt-To-Income Ratio Is High.

Debt-to-income ratio 511

Debt-to-income ratio Loans FHA loan Finance 511

Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans.

Debt-to-income ratio 468

Debt-to-income ratio Loans Pre-approval VA loan 468

Housing Wire

SEPTEMBER 5, 2024

The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers. These anti-discrimination statutes make it illegal to refuse to rent, sell or lease housing because of a lawful source of income being provided. of the U.S.

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

APRIL 24, 2024

Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. In September 2023, to support its operations, Freedom Mortgage raised $1.3 compared to the previous year.

Debt-to-income ratio 459

Debt-to-income ratio Mortgages Loans Finance 459

Housing Wire

APRIL 7, 2021

In fact, depending on where you live, your monthly rent could be more expensive than your monthly mortgage. 3 underrated mortgage products to consider. A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages. Your Income Is Stable. How are your finances?

Debt-to-income ratio 476

Debt-to-income ratio Fixed-rate mortgage Finance Loans 476

Housing Wire

AUGUST 22, 2020

According to reporting by the Wall Street Journal on Saturday, the Federal Housing Finance Agency has been communicating with mortgage industry groups about delaying the implementation of a fee which would add a 0.5% surcharge to refinance mortgages sold to Fannie Mae and Freddie Mac starting Sept.

Debt-to-income ratio 545

Debt-to-income ratio Finance Mortgages Industrial 545

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The company explained that the product operates as a ”hybrid between debt and equity.” home equity by the end of this year.

Equity 459

Equity Loans Debt-to-income ratio Renovation 459

Housing Wire

MARCH 13, 2024

They wanted to understand their credit, they wanted to understand their debt-to-income ratio, they wanted to understand how to build their savings, and they wanted education.” DivvyUp provides users with a personalized action plan of steps they can take to get approved for a mortgage.

Debt-to-income ratio 468

Debt-to-income ratio Finance Mortgages Agents 468

Housing Wire

AUGUST 8, 2024

Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So,

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

HomeLight

FEBRUARY 7, 2025

Your ability to finance a home purchase often hinges on a metric called a “debt-to-income ratio” (DTI) a percentage that shows how much of your monthly income goes toward debt payments. A debt-to-income ratio for a mortgage is a key that can open or lock the door to homeownership.

Debt-to-income ratio 59

Debt-to-income ratio Mortgages Loans Finance 59

Housing Wire

OCTOBER 11, 2023

The Federal Housing Finance Agency (FHFA) Director Sandra Thompson said Wednesday that the agency is working to provide more clarity on its framework and use alternatives amid a spike in Fannie Mae and Freddie Mac ‘s loan buybacks. There could be some way or alternatives to repurchase that need to be considered,” Thompson said.

Loans 505

Loans Debt-to-income ratio Finance Technology 505

Housing Wire

MAY 8, 2023

Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. The special purpose credit program is an extension of the government sponsored enterprise’s equitable housing finance plan.

Debt-to-income ratio 435

Debt-to-income ratio Closing costs Finance Lending 435

Housing Wire

JULY 29, 2022

Net revenues increased by $200 million in the first six months of the year compared to last year, thanks to higher base guarantee fee income, an increase in the size of Fannie Mae’s guaranty book of business and higher income from portfolios. Fannie Mae’s net worth stood at $56.4 billion at the end of the second quarter, up from $51.8

Debt-to-income ratio 397

Debt-to-income ratio Loans Mortgages Finance 397

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). Mortgage rates held at 6.71% as of Jan. million to 3.8

Debt-to-income ratio 482

Debt-to-income ratio Marketing Equity Loans 482

Housing Wire

MARCH 3, 2024

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. In January, ICE’s conforming 30-year fixed mortgage rate lock index showed rates averaging 6.6%.

Loans 514

Loans Debt-to-income ratio Lending Banks 514

Housing Wire

MARCH 4, 2021

As reported yesterday, The Consumer Financial Protection Bureau released a notice of proposed rule-making that would “delay the mandatory compliance date of the general qualified mortgage rule 15 months to Oct. This act poses serious risk to mortgage finance and brings potential downstream legal risk to the industry.

Debt-to-income ratio 476

Debt-to-income ratio Finance Loans Mortgages 476

Housing Wire

SEPTEMBER 17, 2024

The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac. Taylor Stork , the president of CHLA and the chief operating officer of Developer’s Mortgage Co.

Debt-to-income ratio 434

Debt-to-income ratio Loans Lending Finance 434

Housing Wire

JUNE 4, 2021

Your score will determine your financing options for buying a house. For instance, whether or not you get approved for a mortgage is based on your credit score. First-time homebuyers have mortgage options available that don’t require a high down payment. First, figure out our total monthly debts. What’s your credit score?

Debt-to-income ratio 476

Debt-to-income ratio FHA loan Loans Land 476

Housing Wire

MARCH 15, 2023

Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

Debt-to-income ratio 418

Debt-to-income ratio Loans Mortgages Industrial 418

Housing Wire

JUNE 8, 2023

The National Association of Mortgage Brokers (NAMB) declared its support this week for a bill introduced by Republicans in the U.S. The new version seeks to restrict Federal Housing Finance Agency (FHFA) adjustments to the single-family pricing framework and prohibit LLPA changes based on debt-to-income ratio.

Debt-to-income ratio 370

Debt-to-income ratio Finance Loans Mortgages 370

Housing Wire

AUGUST 26, 2024

When interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing portfolio. Mr. Cooper estimates it will hold about $132 billion in mortgages at 6% or higher once the acquisition is finalized. billion in debt.

Mortgages 458

Mortgages Banks Debt-to-income ratio Loans 458

Housing Wire

APRIL 26, 2023

Federal Housing Finance Agency (FHFA) Director Sandra Thompson issued a statement Tuesday to correct the misinformation that’s spread about the agency’s loan-level pricing adjustments to conventional mortgages. No change is more controversial than the LLPA tied to a borrower’s debt-to-income ratio.

Debt-to-income ratio 397

Debt-to-income ratio Loans Mortgages Lending 397

Housing Wire

JANUARY 14, 2022

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Riches in the niches. trillion in 2022. 1, 2022.

Debt-to-income ratio 434

Debt-to-income ratio Lending Loans Loan Officer 434

Housing Wire

MAY 4, 2022

A housing bubble can generally be defined as an unsustainable period of house price growth generated by artificial demand, as was the case in the mid-2000s when demand surged because of wider access to mortgage financing. Tighter mortgage underwriting : Lending standards are much tighter today than during the mid-2000s.

Debt-to-income ratio 397

Debt-to-income ratio Equity Pre-approval Finance 397

Housing Wire

AUGUST 11, 2020

The Mortgage Bankers Association sent a letter on Monday to the Consumer Financial Protection Bureau asking for a six-month extension to the so-called “GSE patch” that allows Fannie Mae and Freddie Mac home loans to borrowers with high debt levels to be considered Qualified Mortgages.

Debt-to-income ratio 344

Debt-to-income ratio Mortgages Loans Finance 344

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Debt-to-income ratio 448

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 448

Housing Wire

JUNE 29, 2022

As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. As mortgage rates rise, inventory remains low and digital trends accelerate, navigating the changing borrower landscape requires tailored strategies.

Debt-to-income ratio 459

Debt-to-income ratio Loan Officer Loans Mortgages 459

Housing Wire

AUGUST 22, 2024

Let’s address these concerns: First, Steve’s argument presupposes buyers, especially those at the lower end of the income spectrum, can easily finance agent commissions through their mortgage. The reality is that financing commissions are unfeasible. This assumption is fundamentally flawed.

Debt-to-income ratio 352

Debt-to-income ratio Finance Mortgages Banks 352

Housing Wire

MARCH 24, 2021

The Mortgage Bankers Association on Tuesday sent a letter to Treasury Secretary Janet Yellen and Federal Housing Finance Agency Director Mark Calabria expressing concern over several amendments to the Senior Preferred Stock Purchase Agreements announced in January , including changes to investment properties.

Debt-to-income ratio 418

Debt-to-income ratio Purchase and sale agreement Loans Principal 418

Marco Santarelli

JANUARY 2, 2025

Mortgage rates have risen today, January 2, 2025, making it essential for potential homebuyers to stay informed and make smart financial decisions. As per the latest data from Zillow , the average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has increased to 6.10%. Bond Market : The yield on U.S.

Mortgages 98

Mortgages Fixed-rate mortgage Debt-to-income ratio VA loan 98

Housing Wire

JUNE 9, 2023

More importantly, when it comes to the Ginnie Mae programs, banks contribute only 7% of all the mortgages by the FHA , VA , and USDA. I think it comes down to a core principal: IMBs only do mortgages. Banks don’t need to expand their mortgage lending businesses. Or look at this data on DTI (debt to income ratio).

Banks 370

Banks Debt-to-income ratio Lending Loans 370

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 That’s a strong start for a new issuer. “A

Marketing 396

Marketing Debt-to-income ratio Loans Mortgages 396

Housing Wire

JANUARY 21, 2022

ESG securities such as bonds are backed by collateral, like mortgages, that can be defined as meeting environmentally sustainable, socially responsible, or good governance criteria. Digital mortgage platform MAXEX , backed by investment from financial-services giant JPMorgan , sees a bright future in the ESG market.

Marketing 418

Marketing Debt-to-income ratio Loans Investor 418

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. ” And what is Better.com best at? It incurred an $89.9

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. With an anticipated doubling in market share in 2022 , non-QM products are top of mind for almost every mortgage industry professional.

Debt-to-income ratio 418

Debt-to-income ratio Lending Pre-qualification Loans 418