Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. Our DSCR loan for real estate investors qualifies on the rental cash flow of the subject property.

Debt-to-income ratio 426

Debt-to-income ratio Mortgages Banks Equity 426

Housing Wire

OCTOBER 10, 2024

In November 2023, Wells Fargo sued LoanSnap for $431,511 in a district court in Minnesota, alleging breach of contract in selling a mortgage that did not meet contractual requirements, such as excessive and unsupported debt-to-income ratios. The total judgment in these cases is more than $1.1

Debt-to-income ratio 397

Debt-to-income ratio Mortgages Loan Officer Banks 397

Housing Wire

FEBRUARY 1, 2022

The recent offering , CAS Series 2022-R02, involves transferring loan-portfolio risk to private investors via a $1.2 billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3 trillion in single-family mortgage loans, measured at the time of the transaction. billion.

Debt-to-income ratio 370

Debt-to-income ratio Investor Loans Principal 370

Housing Wire

FEBRUARY 5, 2024

If 30-year rates fall to 6% by the fourth quarter, as the Mortgage Bankers Association (MBA) and Fannie Mae are currently predicting , the overall population of loans with a 75-bps refi incentive would more than double from 1.7 Nearly 60% of that growth would come from loans originated in 2023, ICE projected. million to 3.8

Debt-to-income ratio 458

Debt-to-income ratio Marketing Equity Loans 458

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 397

Debt-to-income ratio Loans Mortgages Industrial 397

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio 408

Debt-to-income ratio Mortgages VA loan Loans 408

Housing Wire

AUGUST 8, 2024

So, say it gets rolled into their mortgage or they have to get another loan to pay it off. That gets rolled into their debt-to-income ratio, which means they look like a riskier buyer, which means their mortgage loan gets priced higher, which means they have an additional disadvantage because the cost of lending goes up for them. “I

Debt-to-income ratio 466

Debt-to-income ratio Marketing Mortgages Days on market 466

Housing Wire

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. The hiring trend at non-QM lenders stands in sharp contrast to recent layoffs at some consumer-direct lenders, which specialize in conventional refinance loans. Riches in the niches. trillion in 2022.

Debt-to-income ratio 402

Debt-to-income ratio Lending Loans Loan Officer 402

Housing Wire

JANUARY 21, 2022

The platform currently offers two ESG mortgage programs — one focused on green home loans, called MAXEX Sustainable ; and the second, MAXEX Opportunity , serves minority, women and veteran-owned mortgage lenders and is focused on the socially responsible part of ESG. Roelof Slump, managing director of U.S. Slump added.

Marketing 397

Marketing Debt-to-income ratio Loans Investor 397

Housing Wire

MARCH 24, 2021

One key issue is the PSPA amendment that limits Fannie Mae and Freddie Mac from buying single-family loans secured by investment properties or second homes. Reports that the GSEs are requiring some lenders to adjust loan deliveries as early as April. The revised PSPAs require that beginning Jan.

Debt-to-income ratio 397

Debt-to-income ratio Purchase and sale agreement Loans Principal 397

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. Liquidity had dried up and bond investors were running for the hills. At that point, Dodson was actively working on a jumbo loan for friends of his from church. So you stop.”. Everyone bowed out.

Debt-to-income ratio 432

Debt-to-income ratio Loans Banks Loan Officer 432

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Various mortgage finance innovations facilitated larger loans at the same monthly payment to keep up with growing home values – which is one reason why house prices kept going up.

Debt-to-income ratio 384

Debt-to-income ratio Equity Pre-approval Finance 384

Housing Wire

JANUARY 4, 2022

In total, UWM, through its conduit UWM Mortgage Trust, sponsored seven securitization deals last year involving nearly 9,500 loans valued in total at $3.9 In 2021, two of its seven private-label issuances involved jumbo loans with a combined value of $1.2 That’s a strong start for a new issuer. “A

Marketing 379

Marketing Debt-to-income ratio Loans Mortgages 379

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. For instance, processing non-QM loans manually can be prone to human error, cutting into the efficiency of a business.

Debt-to-income ratio 397

Debt-to-income ratio Lending Pre-qualification Loans 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 292

Debt-to-income ratio Mortgages Loans Finance 292

Housing Wire

JUNE 9, 2023

When looking at the nonbank share of all loans broken down by investor ( Fannie , Freddie , and Ginnie Mae ) the glaring data point that stands out is that nonbanks do well over 80% of all loans being made today. Unlike banks, they don’t do auto loans, credit cards, student loans, business lending, lines of credit and more.

Banks 368

Banks Debt-to-income ratio Lending Loans 368

Housing Wire

AUGUST 26, 2024

In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. Rate declines will impact companies differently based on their business model,” said Craig Freel, partner and co-chief investment officer at Rice Park Capital Management , an investor in residential mortgage assets.

Mortgages 425

Mortgages Banks Debt-to-income ratio Loans 425

Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. HELOCs rising Toohig’s sense of the HELOC market from his perch as a loan trader matches the broader rising market numbers for the product.

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

AUGUST 23, 2023

Nunes: Last August, Better partnered with Palantir to create the proprietary loan platform you mentioned, Tinman Marketplace. Anytime we have a rule change that we put into the system, we run it against all the loans that we’ve done previously to see if that rule was applied today, whether it would be consistent or not.

Debt-to-income ratio 370

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

Marco Santarelli

JANUARY 2, 2025

A strong economy typically leads to higher mortgage rates as demand for loans increases. Investors often demand higher yields in a rising interest rate environment. For instance, if you take a $300,000 mortgage at 6.70% over 30 years , you could end up paying approximately $400,000 in total interest over the life of the loan.

Mortgages 98

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

Marco Santarelli

MARCH 4, 2025

There are so many different types of loans, lenders, and economic factors that play a role. This reflects the perceived risk involved in refinancing an existing loan versus originating a new one. Global economic uncertainty can lead to investors seeking the safety of U.S. Why Did Rates Drop (Even Slightly)? mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

AAOA

JUNE 12, 2025

It’s one of the most important questions beginner investors ask and the answer directly impacts how you buy, finance, manage, and scale your real estate portfolio. Why This Classification Matters to You as an Investor The second a property crosses the 5-unit threshold, it no longer plays by residential rules. you’re not alone.

Commercial 59

Commercial Residential Debt-to-income ratio Property Management 59

Marco Santarelli

MAY 3, 2025

This decline offers a potential window of opportunity for both homebuyers and those looking to save money on their existing loans. While it may seem like a small change, every fraction of a percentage point can translate into significant savings over the life of a loan. Lets dive in. Why Are Mortgage Rates Declining? mortgage rates.

Debt-to-income ratio 59

Debt-to-income ratio Mortgages Fixed-rate mortgage Pre-approval 59

Marco Santarelli

MAY 24, 2025

Here's a snapshot of the national averages for various mortgage types, as per Zillow: Loan Type New Purchase Rate Daily Change 30-Year Fixed 7.15% +0.04 Other common mortgage types, like the 15-year fixed and jumbo loans, have also seen upward movement. Last fall's low of 6.24% for jumbo loans illustrates the recent fluctuations.

Mortgages 64

Mortgages Fixed-rate mortgage Debt-to-income ratio Loans 64

Norada Real Estate

JUNE 8, 2025

As of today, June 8, 2025, mortgage rates for various home loan types show varying trends. However, potential refinancers must weigh the benefits of lower rates against closing costs and any potential changes in loan terms. The refinance rates have softened overall but still remain higher than many borrowers would prefer.

Debt-to-income ratio 52

Debt-to-income ratio Fixed-rate mortgage Mortgages Loans 52

Marco Santarelli

APRIL 4, 2025

Heres a breakdown of todays refinance rates: Refinance Type Average Rate Today March Average 30-Year Refinance 6.49% 6.49% 15-Year Refinance 5.80% 5.80% These rates allow homeowners to save considerably through refinancing, particularly if they secure a rate lower than their existing loan.

Mortgages 72

Mortgages Debt-to-income ratio Purchase and sale agreement Loans 72

HomeLight

JUNE 30, 2024

Are you looking to kickstart your next real estate project in Orange County with a hard money loan? Hard money loans offer a flexible financing option outside of traditional banks, perfect for those who need quick cash, have limited savings, or face credit issues. How does a hard money loan work?

Hard money loan 112

Hard money loan Finance Debt-to-income ratio Home sale contingency 112

HomeLight

OCTOBER 15, 2020

We talked to Jessica Sanchez, Director of Underwriting & Loan Management at HomeLight Home Loans, to walk through the ins and outs of conventional loans. What’s a conventional loan? A conventional loan is a private mortgage that’s not backed by the federal government (we’ll get to government loans in a bit).

Loans 98

Loans Debt-to-income ratio FHA loan VA loan 98

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer the question, “What is a bridge loan?” If you need assistance navigating the use of a bridge loan, HomeLight always encourages you to reach out to your own advisor. Get Started What is a bridge loan, in simple words?

Loans 101

Loans Debt-to-income ratio Equity Finance 101

Marco Santarelli

JUNE 16, 2025

Current Mortgage Rates Overview To give you a clear snapshot of the current market, let's look at the mortgage rates being offered for different types of home loans. Remember that these are just averages , and the specific rate you'll qualify for will depend on factors like your credit score, down payment, and debt-to-income ratio.

52

52

The Close

MAY 6, 2025

While your specific interest rate and the amount you can borrow depend on your creditworthiness, debt-to-income (DTI) ratio, and equity, Figures interest rates can be lower than most other options. Even though this loan is a HELOC, the amount you can borrow isnt based solely on the amount of equity you have in your home.

Loans 45

Loans Renovation Equity Finance 45

Marco Santarelli

APRIL 7, 2025

Refinance Rates also Drop : Average refinance rates for 30-year loans are at 6.43%. In the past week, we have seen a notable decline in mortgage interest rates, translating into lower monthly payments for many potential homebuyers and those looking to refinance their existing loans. Investors, in turn, often seek safety in U.S.

Mortgages 59

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 59

Marco Santarelli

APRIL 5, 2025

For instance, when the economy slows down, such as during a recession, demand for loans typically decreases, leading to lower rates as lenders seek to attract borrowers. 30-Year Fixed Mortgages The 30-year fixed mortgage is one of the most common home loan types. Understanding Mortgage Types and Their Rates 1.

Mortgages 72

Mortgages Principal Debt-to-income ratio Purchase and sale agreement 72

Marco Santarelli

MAY 24, 2025

For example, if inflation is higher than anticipated, investors may seek higher yields, affecting mortgage rates. Consumer Sentiment : Market perceptions can alter demand for loans, impacting overall rates. For instance, if the Fed signals a tightening of monetary policy, mortgage rates may increase. Should I refinance now or wait?

Mortgages 52

Mortgages Fixed-rate mortgage Debt-to-income ratio Loans 52

AAOA

MARCH 24, 2025

Investing in multifamily properties is an excellent way to grow your portfolio and generate steady passive income. By focusing on a few simple steps, the process becomes much more approachable for first-time investors. You are likely to gain from the strong monthly returns, especially if you are a buy and hold investor.

Property Management 66

Property Management Debt-to-income ratio Renovation Loans 66

Marco Santarelli

MAY 18, 2025

As of May 18, 2025, mortgage rates have decreased , presenting a more favorable environment for home buyers and those considering refinancing their existing loans. The most popular fixed-rate mortgage is the 30-year term because it spreads the loan amount over a longer period, resulting in lower monthly payments.

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52

Marco Santarelli

MAY 27, 2025

Finding the best rate can save you thousands over the life of your loan, so let's dive into what's driving these differences across states and how you can snag the best deal. Average Loan Size: The size of the average mortgage in a state can also play a role. Don't Fall for Teaser Rates It's crucial to be aware of “teaser rates.”

Mortgages 52

Mortgages Debt-to-income ratio Pre-approval Lending 52